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£1,200,000
Occupying the most idyllic of settings, commanding A HIGHLY SOUGHT AFTER MARKET TOWN LOCATION; a development site measuring approx 1.5 acres with planning permission granted for the erection of 14 detached dwellings with an estimated GDV of circa 4m. The development is located within an increasingly popular semi-rural market town; located on the outskirts of glorious open countryside whilst being well served by local services including highly regarded schools and only a 10 minute drive from the M1 motorway network. Planning approval now granted - 19/04594/REM Local Area An increasingly popular market town, situated to the north west of Sheffield on the edge of the Peak District National Park. Surrounded by glorious open countryside presenting an amazing external lifestyle providing immediate access to numerous bridal paths and public walkways, breathtaking walks around Langsett reservoir and the Trans Pennine Trail. Enjoying a vast array of local facilities including the recent development at Fox Valley which enjoys numerous shops including an award-winning butcher, coffee house, supermarkets, and a boutique style department store. The site presents two restaurants and has recently been home to the finish line of the Tour de Yorkshire. The M1 motorway can be reached within a 10-minute drive as can the popular market town of Penistone whilst associated rural villages such as Midhopestones, Bolsterstone and Bradwell offer traditional village pubs. The area offers an abundance of tourist attractions; a golf course is within a short walk and major commercial centres are easily accessible. In short, a delightful location offering a peaceful retreat whilst every day hustle and bustle can be reached with a short drive.
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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