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44, Bury Old Road, Whitefield, Greater Manchester, M45 6TL
£1,100,000 Offers over
*LARGE PIECE OF LAND FOR SALE IN THE HIGHLY SOUGHT AFTER HIGHER LANE, WHITEFIELD*
*ADJACENT TO WHITEFIELD GOLF COURSE*
*PLOT CONSISTS OF 3 SECTIONS - SOLD AS ONE PARCEL*
SECTION 1 - LAND WITH PLANNING PERMISSION FOR LARGE 5 BED DETACHED PROPERTY
See Bury Council planning ref: 68474
Planning for a luxury 5 bed detached, 3 storey 2600 sq.f property.
Parking for multiple vehicles at front and large gardens
SECTION 2 - CONVERSION OF EXISTING SEMI-DETACHED PROPERTY TO 2 APARTMENTS
See Bury Council planning ref: 65424
Listed building consent for alterations of exisiting semi-detached property to form 2 apartments.
SECTION 3 - LAND AT THE REAR OF 73 HIGHER LANE - APPLICATION PENDING FOR 4 SUBSTANTIAL LUXURY APARTMENTS
Planning Application submitted for 4 large luxury, 2 bed apartments, approx sizes ranging from 111-120 sqm.
See Proposed drawings
PLEASE NOTE THAT THERE IS ACCESS WAY FROM WHITEFIELD GOLF COURSE THROUGH TO THE DEVELOPMENT
PARKING AREA TO SERVICE THE DEVELOPMENT WITH ESTIMATED 12 PARKING SPACES
Philip Ellis are pleased to offer this large piece of land for sale with planning permission for a large family property, and four apartments and the refurbishment of a semi-detached dwelling
A superb opportunity to purchase over half an acre plot of land. It is not very often that sites such as this within Whitefield come on the market, benefiting from approved planning permission to parts.
This plot is ideal for any developer looking to build their portfolio and make their mark with a development of luxury properties in a very desirable area.
It is a short drive from the village centre and is extremely convenient for everything that Whitefield has to offer including its increasingly eclectic mix of bars, cafes and restaurants together with its many independent and corporate retailers. The Metrolink network is nearby and Manchester City Centre is about 15 minutes away and is easily accessible by either car, Metrolink or bus. The property is on the doorstep of many open spaces and parks. For those needing to travel further afield, the M60/M62/M66.
Total Land Area - 0.5 acres
Please call Philip Ellies estate agents on 0161 773 1011.
Disclaimer
This brochure and property details are a representation of the property offered for sale or rent, as a guide only. Brochure content must not be relied upon as fact and does not form any part of a contract. Measurements are approximate. No fixtures or fittings, heating system or appliances have been tested, nor are they warranted by Philip Ellis Estate and lettings or any staff member in any way as being functional or regulation compliant. Philip Ellis Estate And Lettings do not accept any liability for any loss that may be caused directly or indirectly by the brochure content, all interested parties must rely on their own, their surveyors or solicitors findings. We advise all interested parties to check with the local planning office for details of any application or decisions that may be consequential to your decision to purchase or rent any property. Any floor plans provided should be used for illustrative purposes only and should be used as such by any interested party.
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.
44, Bury Old Road, Whitefield, Greater Manchester, M45 6TL
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