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£2,650,000 Guide Price
Bedrooms
Bathrooms
Residential development site located in this highly sought after location with permission to increase the existing bungalow to a two story 385 sq. mtrs home with a 90 sq. mtr Annex.
Permission also granted for a 3 bedroom 147 sq. mtr detached home.
Nestled within approx. 23 acres of Essendon
Residential development site located in this highly sought after location with permission to increase the existing bungalow to a two story 385 sq mtrs home with a 90 sq mtr Annex.
Permission also granted for a 3 bedroom 147 sq mtr detached home.
Nestled within approx. 23 acres of Essendon countryside, this exclusive opportunity offers a completely secluded location with private drive and further potential development opportunities subject to planning permissions.
A detached bungalow and 2 large agricultural buildings set in grounds of approx. 23 acres.
The bungalow requires modernisation and is set behind a gated private entrance, the house sits in its own mature garden area.
DETACHED BUNGALOW:
ENTRANCE HALL 151 x 911 > 56
Wall mounted electric heater, power points.
RECEPTION ROOM 234 x 174
Double glazed sliding patio doors, window, open fire, TV aerial points, double doors leading into
KITCHEN 130 x 1210
Base and eye level units, work surfaces to three sides, stainless steel double sink and drainers, plumbing for washing machine or dishwasher, electric cooker point with extractor fan and light above, space for fridge freezer, tiled flooring, windows, rear door.
BEDROOM 1710 x 114
Dual aspect windows, access to loft, power points, wall mounted electric heater.
BEDROOM 151 x 1110
Window, wall mounted electric heater, power points.
BATHROOM
low level flush WC, bidet, pedestal wash hand basin, panelled bath with hot & cold mixer taps and shower attachment, frosted window, tiled walls, tiled flooring, extractor fan.
PERMITTED DEVELOPMENT APPROVAL FOR BUNGALOW
planning.welhat.gov.uk/Planning/Display/6/2024/0021/PN27
planning.welhat.gov.uk/Planning/Display/6/2024/0018/LAWP
AGRICULTURAL BUILDINGS:
2 Existing Buildings 2153 sq. ft. each.
One has residential permission to be converted into a 1,615 sq. ft. 3-bedroom bungalow and the other has residential permission for a 968 sq. ft. annex. The remaining building has future potential under
Class Q permitted development.
With a gate to the side of one of the outbuildings leading to open land.
PERMITTED DEVELOPMENT APPROVAL FOR AGRICULTURAL BUILDING,
TO BE CONVERTED INTO RESIDENTIAL 3-BEDROOM BUNGALOW
planning.welhat.gov.uk/Planning/Display/6/2024/1570/PN10
LAND
Approx 23 acres (STV)
Council Tax: Welwyn Hatfield Borough Council
Band E
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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