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£185,000 Offers in excess of
PROPERTY
A single building plot with planning for a three-bedroom detached bungalow. Full planning documentation can be viewed using Ref. No:24/03110/FUL at South Cambs Planning Portal.
LOCATION
The popular village of Over lies approximately 10 miles (16 kilometres) northwest of the university city of Cambridge, providing easy access to A14 and M11. The nearest stop for the Guided Busway is just a mile away in neighbouring Swavesey; this is a direct route west to the market town of St Ives and south to the city of Cambridge, stopping at the Science Park, train station and Addenbrookes Hospital. Parallel to the Busway is a cycle path which is also popular for runners and walkers. The community centre, located next to a sports field and childrens play area holds many events such as weddings, parties and sports matches. The recently upgraded village green is the perfect place to watch a cricket match, walk the dog or play football. There are two preschools, a successful primary school and Over is within the catchment for Swavesey Village College, which was rated as outstanding by Ofsted following their most recent inspection. Along the High Street is a convenience store, village garage, a pub, hairdressers and a caf serving tea, coffee and cakes. A butcher, bakery, farm shop and Co-operative are located in the neighbouring village of Willingham, as well as an antique and new furniture sale hall with tea rooms and an outside eatery. Wonderful walks can be enjoyed in the surrounding countryside including orchards which are open to the public, the picturesque fen or along Chain Road to the River Ouse. A short walk reaches the RSPB Ouse Fen Nature Reserve for bird watching just north of the village with parking and access to the river.
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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