Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£150,000
A rare opportunity to acquire a development site comprising of the rear half of a historic church and with planning for three, two bedroom houses which will incorporate some of the many original features that are retained. Located in the centre of this popular village which hosts a wide range of local amenities including primary and senior school.
Property - This is great opportunity to acquire a development site comprising the rear half of a grade two listed chapel which has planning passed for three, two bedroom houses in the heart of this popular village.
Location - This is set in the centre of the vibrant village with a hosts local amenities including Pharmacy, two convenience stores, fish and chip shop and a primary and secondary school. St Austell is about six miles to the south and offers a wide selection of local businesses and shops and a range of supermarkets. There is also a mainline railway station. To the North is the A30 and an excellent retail outlet with an Marks and Spencer food hall.
The Rear Of The Chapel - 14.2m x 9.35m (467' x 308') - A vast area with the main building which has rear access along the side out to the road. and with planning to create three spacious and substantial two bedroom houses.
Kitchen - 3.96m x 3.28m (1211' x 109' ) - Sink with a range of units.
Services - Mains Water, Electricity and drainage in road.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
