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£25,000 Offers over
Prime Development Opportunity on Lewis Street, Stoke-on-Trent
Unlock the potential of this rare investment opportunity! A strategically located plot of land on Lewis Street, Stoke-on-Trent, with full planning permission to construct two contemporary self-contained one-bedroom flats.
Key Features:
Situated on the sought-after Lewis Street in Stoke-on-Trent, this plot offers prime real estate in a well-established and desirable neighbourhood.
Planning Permission Granted:
The investment opportunity with planning permission was already granted for developing two modern, spacious, self-contained one-bedroom flats.
Perfect for investors seeking a lucrative opportunity in the thriving property market. Stoke-on-Trents growth and development make this an ideal time to invest in residential properties.
Convenient Amenities:
Proximity to local amenities, public transportation, and recreational facilities enhances the overall appeal of future residences.
Well-connected location with easy access to major roadways, making commuting a breeze for future residents.
Details:
This is your chance to turn a vision into reality! Dont miss out on this golden opportunity to invest in a plot of land with planning permission. Contact us now to arrange a viewing and discuss the potential this property holds for you.
https://planning.stoke.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=_STOKE_DCAPR_72424
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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