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Property for sale Castle Gate, Launceston

For Sale

£200,000

Added yesterday

Tenure: Ask agent

About this property

DESCRIPTION A FANTASTIC OPPORTUNITY FOR ANY DEVELOPER WITH A SUBJECT TOO OFFER WILLING TO BE ACCEPTED ON THIS SUPERB DEVELOPMENT AT CASTLE GATE, A UNIQUE TOWN CENTER DEVELOPMENT OF 10 APARTMENTS, 9 X TWO BEDS AND 1 X ONE BED APARTMENT. OWNER IS HAPPY FOR A SUBJECT TOO OFFER SO THE NEW OWNER CAN REINSTATE THE PLANNING FOR PARKING UNDERNEATH IN STEAD OF SHOPS, THERE WAS PLANNING FOR CAR PARKING BUT THIS HAS NOW ELAPSED. THE EXISTING PLANNING REMAINS IN PERPETUITY BUT IF THE NEW BUYER WANTS TO CHANGE THE PLANNING FOR PARKING THEN THE OWNER IS WILLING TO ACCEPT AN SUBJECT TOO OFFER.

Floorplan

Council tax

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Location

Castle Gate, Launceston

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Mortgage and stamp duty

Property price £200,000

£100k £300k

Deposit10% £20,000

£0 £200k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £180,000 mortgage. Most lenders would want a household income of about £40,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.