14 bedroom plot for sale

£1,200,000

14

Bedrooms

4

Bathrooms

Floorplan

Prime development opportunity with 14 bedroom care home in sought-after Hadleigh, Essex Location. Are you an astute investor or developer searching for a remarkable opportunity in the heart of Hadleigh? Look no further! Situated in the prestigious Abbeyfield House on Chapel Lane, this expansive land property holds immense potential for development subject to planning. With its vast plot measuring approximately 179ft wide x 90ft deep, this rare offering is a real gem waiting to be transformed. Currently accommodating a 14 bedroom care home with 2 first floor flats and numerous receptions and bathrooms, car park and gardens surrounding the entirety.
Situated in the sought after Chapel Lane, this property boasts a prime location that is highly desirable for both residents and investors alike. The tranquil surroundings and charming ambiance make this an ideal destination for prospective buyers looking to build their dream homes. The convenient proximity to the country park, Hadleigh Castle and town centre further enhances the appeal of this development opportunity, along with excellent local schools nearby.

/ Development Opportunity In Heart of Hadleigh / Sought After Chapel Lane Location/ Currently A 14 Bed Care Home With 2 First Floor Flats/ Walking Distance To Country Park & Town Centre/ Potential For New Build Houses (subject to planning)/ Plot Measuring Approximately 179ft Wide x 90ft Deep/ Excellent School Catchments / Rare Opportunity/ Communal Lounge & Dining Room/ Kitchen Facilities/ Ample Parking

Reception Hall 153 Max x 154 Doors leading to communal lounge and dining room, stairs to first floor.
Communal Dining Room 206 x 20 Doors leading to kitchen, Room 15 and Rooms 1-3 and 4-7.
Communal Lounge 204 x 1911 Doors leading to kitchen and Rooms 8-11 and Rooms 12-14.
Kitchen 162 x 188 With Doors To Further Kitchen Area 119 x 78
Room 15 115 x 510.
Rooms 1-3 Communal hallway leading to:Room 1 - 211 Reducing To 176 x 109 With W.C.Room 2 - 189 Reducing To 1211 x 1110 With W.C. Room 3 - 189 Reducing To 157 x 11 With W.C.Communal Bathroom.
Rooms 4-7 Communal hallway leading to:Room 4 206 Reducing To 17 x 101 With W.CRoom 5 241 Reducing To 207 x 101 With W.C.Room 6 189 Reducing To 131 x 119 With W.C.Room 7 189 Reducing To 156 x 111 With W.C.Communal Bathroom and Separate W.C.
Rooms 8-11 Communal hallway leading to:Room 8 205 Reducing To 1611 x 10 With W.C.Room 9 24 Reducing To 205 x 92 With W.C. Room 10 189 Reducing To 132 x 119 With W.C. Room 11 189 Reducing To 156 x 111 With W.C. Communal Laundry Room 119 x 73Communal Bathroom and Separate W.C.

Rooms 12 14 Communal hallway leading to:Room 12 189 Reducing To 157 x 111 With W.C.Room 13 189 x 119 With W.C. Room 14 - 211 Reducing To 175 x 109 With W.C. Communal Bathroom.
Boiler Room 78 x 52
First Floor Accommodation Comprising of two flats (one currently used as office) and tank room. Tank Room 115 x 710
Flat 1 Entrance Hall with doors to accommodation. Lounge/Diner 2511 x 131 Kitchen 115 x 61 Bedroom 125 x 108 Bathroom 116 x 511
Flat 2 Lounge/Diner/Kitchen (currently used as office) 259 x 123 Bedroom 911 x 89 Bathroom 12 x 510
Outside Sitting on a generous plot, the development currently offers ample parking spaces, timber sheds and communal gardens.


PLEASE NOTE:-
We recommend our customers use our panel of Conveyancers/Solicitors. It is your decision whether you choose to deal with our recommendation, and you are under no obligation to do so. You should know that we may receive a referral fee of 150 to 200 per transaction from them.Should you arrange a Mortgage through our recommended mortgage advisor, again of which there is no obligation we will receive a commission fee. The amount of commission will depend on the size of the loan and any associated products that you decide to take.The Consumer Protection from Unfair Trading Regulations 2008 (CPRs).These details are for guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance, verification should be obtained. They do not constitute a contract or part of a contract. All measurements are approximate. No guarantee can be given with regard to planning permissions or fitness for purpose. No apparatus, equipment, fixture or fitting has been tested. Items shown in photographs are NOT necessarily included. Interested Parties are advised to check availability and make an appointment to view before travelling to see a property.



Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 993950

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 30000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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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.

Annual Costs

£ 93950
  • Mortgage Interest
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    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
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  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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Final Property Value

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