**Development Opportunity**
Building plot For Sale with Full Planning Permission to erect for Six Four Bedroom Semi-Detached houses. Planning Ref: PA/2021/2201 & resubmission PA/2019/1984
JC Property Management, Sales & Lettings are pleased to bring to the market an exciting development opportunity within the North Lincolnshire village of Bonby, located on Main street, we have an opportunity for development of six houses, with Full Planning Permission.
The site itself is located on the former Haymaker public house building and carp park, as shown in the images attached.
The site currently has planning for: -
- Demolish existing buildings
- Erect six residential four bedroom houses
The location, offers great transport routes to local cities and towns, including, Hull, Grimsby, Scunthorpe & Brigg, transport links to Humberside Airport
To view the full planning details, please access the North Lincolnshire Council Planning Portal for full details and planning documents: PA/2021/2201 & resubmission PA/2019/1984
https://apps.northlincs.gov.uk/application/pa-2021-2201
Site Area Detail:
1,180m2
0.29 Acres
0.118 Hectares
Property Size Average 155sq meters
For further details, please contact JC Property Management, Sales & Lettings:
Email: sales@jc-property.co.uk
Tel: 01724 487297
Tenure : Freehold
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
