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£350,000
This is an opportunity to purchase an income producing parcel of land of approximately 0.4 acres with the potential for residential development for up to four houses.
Both conditional and unconditional offers will be considered.
DEVELOPMENT OPPORTUNITY
This is an opportunity to purchase an income producing parcel of land of approximately 0.4 acres with the potential for residential development for up to four houses. Existing income details can be provided upon request and interested parties are advised to make their own enquiries to North Yorkshire Council for any planning related matters. Both conditional and unconditional offers will be considered.
LOCATION - OFF MAIN STREET, CONONLEY BD20 8LR
Cononley is a village and civil parish in the Craven district of North Yorkshire and is located in the Aire Valley, approximately 3 miles south of the Gateway to the Dales town of Skipton and off the main Skipton to Keighley road (A629), which provides good commuter access to the cities of Leeds and Bradford.
Cononley is on the main Leeds to Carlisle railway and also benefits from a primary school, a church, two pubs, a cricket club, a bowling club and a village store. The site can be accessed off the main street along a short access road, which is also included within the sale. The site is a short walk from Cononley Railway Station and backs onto and has views over the local bowling green and park beyond.
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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