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£400,000
CASH BUYERS ONLY WITH AVAILABLE FUNDS.
Rowland Gorringe Land and New Homes Ltd., have been appointed to offer this superb planning opportunity, in the village of Horam , East Sussex.
The approved Full Planning Permission is for a 3 bedroom detached family house, within walking distance of Horam High Street, in a secluded, semi rural location, on a plot exceeding 1.5 acres.
This site is ideally suited to a Self Builder.
Wealden District Council Planning Ref: WD/2016/2025/F
Brief - Rowland Gorringe Land and New Homes Ltd., have been appointed to offer this superb planning opportunity, in the village of Horam , East Sussex, for a
3 bedroom, Detached house in a secluded, semi rural location. There is stream boundary on 2 sides, on a plot exceeding 1.5 acres. This site is ideally suited to a Self Builder.
The approved Full Planning Permission is for a detached family house, within walking distance of Horam High Street. - Wealden District Council Planning Ref:WD/2016/2025/F
The construction has been commenced. Gas, electricity and mains drainage are all readily available on site.
There is a Mobile Home currently in situ, solely for the purposes of temporary accommodation during the build. There are also two other temporary buildings/site huts. These would require removal upon build completion of the Development.
House: Approximately 175sq.m. 1883sqft
CIL liability: 26,250
Total GDV approx. 850,000/900,000
All parties must satisfy themselves with regards to the approximate CIL, GDV€™S and planning details, prior to entering negotiations.
Offers IRO 400,000 are invited
Accompanied viewings are strictly by appointment only
For further information and to arrange an inspection of the proposed development, please contact either Jo Strevens - jo.
Sole Agency Agreement / Terms Of Buisness - Please Note:
The successful purchaser of the site will be responsible for our acquisition fee of 2% plus VAT of the final sale price.
50% of this fee is to be payed upon the successful exchange of contracts.
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These particulars are thought to be materially correct though their accuracy is not guaranteed and they do not form part of any contract. These details have been compiled from a visual inspection only of the property and from information given by the Vendors as being accurate to the best of their knowledge.
Applicants wishing to purchase must rely on a survey on the structure and condition of the entire property and its services, and on their Solicitor for verification of any planning consent, guarantees, and to ensure that there is clear and good legal title to the whole of the property. These details are not intended to form any part of any contract. None of the appliances mentioned in those details have been tested by the Agents nor should any measurements be relied upon and all parties are encouraged to verify these aspects prior to negotiations.
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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