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Claremont House, 130 East Claremont Street, Edinburgh
£80,000 Offers over
A prime residential development plot.PlanningPlanning permission was granted (N14/00371/PP) by North Ayrshire Council for the erection of three, eco-friendly, detached houses with associated drainage and access in a private and elevated location. Plots 1 and 2 will be retained by the current owner. Plot 3 is offered for sale and will be a spacious, four-bedroom, detached property, once constructed. Its assumed that Plot 3 has no onerous burdens or restrictive servitudes within the title.Site Area918 Sq. M. (or thereby).Gross Floor AreasPlot 3Ground Floor: 137 sq. m.First Floor: 96 sq m.Total: 233 sq. m.AccommodationGround FloorEntrance LobbyCloakroom/WCUtility RoomInner HallwayOpen-Plan Living AreaOpen-Plan Dining AreaKitchenOrangery/Play RoomBedroom 4/StudyFirst FloorMaster bedroom with en-suite shower-roomBedrooms 2, 3BathroomResidential Sales ValueDue to the elevated outlook and this exclusive location, we feel demand will be very high for this eco-friendly unit once constructed. This high specification family/holiday home will be finished to an extremely high standard throughout and further benefits from natural Scottish timber cladding (Larch) and a natural slate roof. This is a property that will capture the imagination and simply take your breath away as all principle rooms are south facing. The current owner is prepared to undertake the design and build of the unit and is prepared to discuss any bespoke alterations. We have discussed this development with a local chartered surveyor and would suggest a valuation of 425,000 once constructed.Services We believe that all main services are located on the vicinity of the site at Plot 1. Wayleave agreement is in place to supply services to Plot 3. There are also residential dwellings in the locale, which all have access to services. However, prospective purchasers should make their own enquiries with the appropriate service providers.
By appointment through McEwan Fraser Legal on 01292 430 555
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
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.
Claremont House, 130 East Claremont Street, Edinburgh
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