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£110,000
An opportunity to acquire a picturesque parcel of land with road frontage, approached by a timber 5 bar gate which is recessed from the road. The land comprises mainly of meadow, which slopes gently towards the eastern boundary, where there is an area of woodland. There are extensive views over the adjoining countryside. There is part post and wire fencing and in all the land extends to 3.66 acres (1.48 hectares).
Location This parcel of land is situated to the north of the pretty and historic village of Hartfield. The location is designated as an Area of Outstanding Natural Beauty (AONB) in the High Weald. Hartfield village is on the edge of the Ashdown Forest, renowned as the home of A.A. Milne, author of the Winnie the Pooh books, and the site of the famous Poohsticks Bridge. The village offers a range of local amenities, including a primary school, doctors surgery, church, and several nearby inns. The major market town of East Grinstead, with its commercial centre and mainline station, is about seven miles distant.
Freehold
Water supply
Overage Agreement: There is an Overage Agreement with the previous owner of the land which states that a buyer will be responsible for 30% of any increase in value if planning consent is granted for buildings (apart from agricultural buildings up to 50 sq meters). The agreement is dated April 2022 and runs for 25 years. The full deed is available on request.
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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