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Land - development site for sale Lustrells Vale, Saltdean

Asking price

£200,000

Added yesterday

Type: Land
Tenure: Freehold

Key features

Freehold For Sale with Planning Permission
Planning Permission Creates a Third Floor
This will contain 4 x Studio, 4 x One Bed and 1 x Two Bedroom Apartments
Currently 30 Flats in Block
Combined Ground Rent Annual Income
Excellent Central Location
Excellent Resale Values

About this property

A superb opportunity to acquire the Freehold of this building with Prior Approval Approved for 9 Third Floor Apartments. Situated in this unrivalled position on this bustling street in Saltdean, with a good range of mixed residential and commercial buildings. The apartments are within easy reach of the local schools, bus routes to Brighton and Saltdean beach and other amenities.

Council tax

Ask agent

Location

Lustrells Vale, Saltdean

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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.