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Land - building plot for sale South Way, Newhaven

Asking price

£600,000

Added yesterday

Type: Land
Tenure: Ask agent

About this property

Phillip Mann estate agents are delighted to offer this development site. The site is located at the A26/A259 junction in the centre of Newhaven, immediately opposite the pedestrianised High Street. The property comprises a cleared site for the development of a new four-storey block consisting of 13 flats and 1 commercial shop/office unit on this gateway site into Newhaven.

Council tax

Ask agent

Location

South Way, Newhaven

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Mortgage and stamp duty

Property price £600,000

£300k £900k

Deposit10% £60,000

£0 £600k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £540,000 mortgage. Most lenders would want a household income of about £120,000 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.