Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£750,000 Guide Price
BEING SOLD WITH PLANNING PERMISSION - Change of use of an agricultural building into 3 dwellinghouse (Class C3)....we are delighted to offer Arches Hall Mews, an off-plan development opportunity adjoining a wonderful Stud Farm equestrian complex surrounded by beautiful Hertfordshire countryside, yet just a 10 minute drive from the A10 and the sought-after villages of Standon & Puckeridge.
On 10th December 2024, East Herts District Council permitted planning permission for this existing barn to be converted into 3 separate dwellings.
UNIT 1 - 1,549 sq ft with on the ground floor, 3 bedrooms, en-suite bathroom, Utility, Cloakroom and superb open-plan vaulted Living Room/Kitchen and First Floor galleried Home Office/Study area
UNIT 2 - The centre barn with 1614 sq ft and accommodation comprising ground floor Hall, Guest Room/Study, En-suite Shower, Claokroom, Utility Room, vaulted open-plan Kitchen/Living Room and on the first floor, 3 bedrooms and bathroom.
UNIT 3 - 1,550 sq ft with on the ground floor, 3 bedrooms, en-suite bathroom, Utility, Cloakroom and superb open-plan vaulted Living Room/Kitchen and First Floor galleried Home Office/Study area.
All three barn conversions will have allocated parking for 2 cars and their own outside amenity spaces and further ecology zones.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
