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23 Lodge Lane, Grays, Essex, RM17 5RY
£2,400,000
Bedrooms
Bathrooms
Reception
For Sale: Prime Development Site with Full Planning Permission - Curzon Drive, Grays, Essex
Location: Curzon Drive, Grays, Essex
Planning Permission Number: 18/00386/FUL
Property Highlights:
Size: Generously sized site ideal for development
Planning Permission: Full planning permission granted (Planning Permission Number 18/00386/FUL) for a residential scheme, offering an immediate opportunity to commence construction
Ideal for Developers: A fantastic opportunity for developers seeking a ready-to-go project with approved plans in place Planning consent to develop 44 units.
S106 & Rams contribution 159,045
Accessible Location: Situated in a sought-after location within Grays, Essex, with excellent transport links and close proximity to local amenities, schools, and the town centre
Strong Investment Potential: A location primed for capital growth, this site is an ideal investment for both residential and commercial development
Description: We are pleased to present this exceptional development opportunity located on Curzon Drive, Grays, Essex. This sizeable site comes with full planning permission under reference number 18/00386/FUL, allowing for a range of development possibilities, including residential housing.
The site benefits from a prime location in Grays, offering easy access to key transport routes and essential services, making it a highly attractive prospect for developers. With the necessary approvals already in place, the site offers a smooth transition from planning to construction, saving valuable time.
Contact Ali & Co for more details or to arrange a viewing.
Don't miss out on this rare development opportunity - ideal for both immediate development or future investment in the thriving Essex area.
Tenure: Freehold
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
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.
23 Lodge Lane, Grays, Essex, RM17 5RY
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