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£395,000
Millerson Estate Agents are delighted to bring this Ready To Go development site of two serviced plots to the market located on Trembear Road. An extremely rare opportunity to acquire a select development site for two highly individual homes.
The site benefits from services in place, roads laid to hardcore and landscaping across various levels with retaining walls and gabions.
Positioned on a no-through road, these homes will be within easy access of the town centre and countryside.
Planning has recently been granted to create reverse level contemporary homes all of which have the advantage of well proportioned open plan living flooded by natural light whilst being
set upon partially landscaped plots with South facing views south onto a wooded valley.
Property - This is a landscaped development site where the present owner has spent a considerable amount of time and money to create a desirable, South facing site of two sizable plots with planning to build two stunning and very exclusive homes on the edge of this vibrant town.
Build ready and with services all nearby, this is a wonderful opportunity to buy a development site for stunning family homes, that certainly give you the best of luxury living offering contemporary design homes with an open plan living space which is flooded with light. The living spaces additionally expand out externally via doors onto patio garden areas.
Location - Trembear Road is situated on the fringe of St. Austell and offers an abundance of interesting walks making it an ideal area for dog lovers and cyclists. St. Austell has many amenities in the town centre which include the mainline railway station to London Paddington, leisure centre, public library range of primary, secondary schools, colleges and cinema and an extensive range of retail and businesses.
Nearby attractions include the historical Georgian port of Charlestown, well known for its feature in period dramas and feature films. The Eden Project
is within 7 miles distance and the traditional fishing village of Mevagissey with its meandering streets, restaurants and harbour is close by too.
The Cathedral city of Truro being the main centre in Cornwall for business and commerce is approximately 15 miles away.
Planning Number - PA23/06098
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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