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£10,000,000 Offers over
PLANNING PASSED FOR 98 HOMES- This outstanding development opportunity is situated in the highly sought after Weeley in Little Clacton boasting full planning permission for 98 units including three, four, five bedroom houses and bungalows. There is a pre app currently in to add an extra 24 units totalling 122 units, this will replace some larger homes to two/three bed houses. The plot offers developers an extraordinary chance to craft a truly exceptional community.
The development will benefit from being within close proximity to Weeley and Thorpe-Le-Soken Railway Stations, as well as various local amenities. Weeley Heath, a sought-after village in Little Clacton near Clacton On Sea surrounded by open fields, presents a picturesque setting with all necessities easily accessible and offers convenient access to essentials with a nearby convenience store and features a Village Hall hosting a range of social events.
For socializing with friends and family, there are several eateries and pubs in the vicinity, all known for their welcoming atmospheres and high-quality food and drinks. The villages own railway station connects to Colchester in 25 minutes, Chelmsford in an hour, and Central London in just 90 minutes. For a broader shopping and entertainment experience, Clacton, Frinton, and Colchester, located 4, 7, and 12 miles away respectively, offer a diverse array of modern supermarkets, high street brands, independent boutiques, trendy coffee shops, restaurants, and entertainment options.
Tendring District Council granted planning permission Ref 20/00016/DETAIL
Fantastic s106, for further details and more information please do not hesitate to get in touch to discuss the exiting opportunity further.
Please contact Aspire Estate Agents for any enquires and Aspire Estate Agents would seek to be instructed as agent on all new homes being sold.
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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