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£1,650,000
We understand the site to be a former Garden Nursery with the first main dwelling ( The Farmhouse) being developed in 1993 and the site being granted the application for a change of use in 2007 as a leisure site. Over the years the site has been expanded to provide some more typical style holiday lets and those which can only be described as quite unique, which marks Spring Park out as quite a rare offering indeed. An inspection of the site and indeed the units is recommended to fully appreciate the quality and style of all the units, which manage to have very high levels of privacy, within their own enclave and with stylish furnishings to complete the experience.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £7,135.70
Total Interest: £918,853.18
Overall Total: £2,568,853.18
Amortization For Monthly Payment: £7,135.70 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £52,314.21 | £33,314.23 | £1,616,685.77 |
| 2026 | £51,232.38 | £34,396.06 | £1,582,289.71 |
| 2027 | £50,115.42 | £35,513.02 | £1,546,776.69 |
| 2028 | £48,962.19 | £36,666.25 | £1,510,110.44 |
| 2029 | £47,771.50 | £37,856.94 | £1,472,253.50 |
| 2030 | £46,542.15 | £39,086.29 | £1,433,167.22 |
| 2031 | £45,272.88 | £40,355.55 | £1,392,811.66 |
| 2032 | £43,962.40 | £41,666.04 | £1,351,145.62 |
| 2033 | £42,609.35 | £43,019.09 | £1,308,126.53 |
| 2034 | £41,212.37 | £44,416.07 | £1,263,710.47 |
| 2035 | £39,770.03 | £45,858.41 | £1,217,852.05 |
| 2036 | £38,280.84 | £47,347.60 | £1,170,504.45 |
| 2037 | £36,743.30 | £48,885.14 | £1,121,619.31 |
| 2038 | £35,155.82 | £50,472.62 | £1,071,146.70 |
| 2039 | £33,516.80 | £52,111.64 | £1,019,035.06 |
| 2040 | £31,824.55 | £53,803.89 | £965,231.17 |
| 2041 | £30,077.35 | £55,551.09 | £909,680.08 |
| 2042 | £28,273.41 | £57,355.03 | £852,325.05 |
| 2043 | £26,410.89 | £59,217.55 | £793,107.50 |
| 2044 | £24,487.89 | £61,140.55 | £731,966.95 |
| 2045 | £22,502.44 | £63,126.00 | £668,840.94 |
| 2046 | £20,452.51 | £65,175.93 | £603,665.02 |
| 2047 | £18,336.02 | £67,292.42 | £536,372.60 |
| 2048 | £16,150.80 | £69,477.64 | £466,894.95 |
| 2049 | £13,894.61 | £71,733.83 | £395,161.13 |
| 2050 | £11,565.16 | £74,063.28 | £321,097.85 |
| 2051 | £9,160.07 | £76,468.37 | £244,629.48 |
| 2052 | £6,676.87 | £78,951.57 | £165,677.91 |
| 2053 | £4,113.03 | £81,515.41 | £84,162.50 |
| 2054 | £1,465.94 | £84,162.50 | £0.00 |
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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Sun Jun 22 2025
All confirmed! We look forward to speaking with you.
Sun Jun 22 2025
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