2 bedroom land (commercial) for sale

£1,000,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

'' VIEWING DAY - 2nd August - Please call to book an appointment ''

We are delighted to offer for sale this unique and rare opportunity to acquire approximately 4 acres of land situated within the heart of the West Sussex Countryside.

Small Dole is a village in the Horsham District of West Sussex. It lies on the A2037 two miles south of Henfield. In the late 1970s the Church of England altered its ecclesiastical parish boundaries, transferring Small Dole from the parish of Upper Beeding to the parish of Henfield. It is a fairly affluent area with a sense of community.

A small rural community in the heart of the West Sussex countryside closely associated with and partly within the South Downs National Park. The village setting is much valued, set within farmland, ancient woodland, nature reserves, and the historic common. It includes Oreham Common and the listed Woods Mill, (Sussex Wildlife Trust) and a Scout campsite. Green spaces, including high quality agricultural land within and on the western side of the village are protected as an important amenity for the community, for walking the South Downs and surrounding area and for providing habitats for significant flora and fauna including some less common species.

The larger easily accessible towns and villages surrounding the area, such as Henfield, Steyning and Upper Beeding, support the village of Small Dole with all the facilities and requirements it needs. Small Dole relies on the schools, medical centres and leisure facilities provided in these neighbouring areas.Shoreham by sea with its mainline station, river walks and access to the beach is approximately 7miles to the South.

Raised decked area leading to pvcu double glazed front door through to:-

ENTRANCE HALL Comprising coving, cupboard with slatted shelving.

DOUBLE ASPECT OPEN PLAN LOUNGE/ KITCHEN/DINING ROOM South, East and West aspect. Comprising four pvcu double glazed windows, work surfaces with cupboards below and matching eye level cupboards, inset single drainer sink unit with mixer tap, part tiled splashbacks, space for oven/cooker, fitted duel fuel burner with brick built surround, coving, matching integrated fridge/freezer.

BEDROOM ONE North aspect. Comprising pvcu double glazed window.

BEDROOM TWO West aspect. Comprising pvcu double glazed window.

BATHROOM West aspect. Comprising obscure glass pvcu double glazed window, panel enclosed bath having a Triton electric shower over, pedestal hand wash basin, low flush wc, coving, extractor fan.

LAND The static home is situated within approximately 4 acres of tree lined land, having open field and natural pond.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 818950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 25000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 68950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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