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£750,000 Guide Price
AN EXCLUSIVE DEVELOPMENT SITE WITH PLANNING FOR THE CONSTRUCTION OF NINE NEW HOMES ON THE EDGE OF THE SOTTERLY ESTATE, A SHORT DRIVE FROM SOUTHWOLD, MINSMERE AS WELL AS THE MARKET TOWN OF BECCLES.
An exclusive development site with planning approved for the construction of nine new homes.
An exciting opportunity to acquire a thoughtfully planned development of nine new-build homes on the edge of the picturesque rural village of William Saint Mary, adjoining the historic Sotterley Estate.
Perfectly positioned between the market town of Beccles and the heritage coastline of Southwold, the site offers easy access to the A12 and is just a 35-minute drive from Norwich, making it ideal for commuters, holiday homeowners, or those seeking a peaceful countryside lifestyle with modern convenience.
Each property has been designed with:
Ample off-road parking
Generous private gardens
Detached homes with individual garages
A mix of 2, 3, and 4-bedroom layouts across two storeys
Energy-efficient
This development presents a rare chance to secure a site in an attractive village setting. For more details or to arrange a site visit, please contact the sole selling agents, or view the full planning documents on the East Suffolk Council portal using reference number DC/23/4868/FUL - Full Application for the Construction of 9 Dwellings on Allocated Site (Policy WLP7.16). Served From Previously Consented Access DC/21/3216/FUL
Map location is not available for this property.
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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