Land for Dev - Broxted
About this property
Land for Development - Brick End Lane, Broxted
Potential net profit of £158,849 to be made on this opportunity.
An opportunity to purchase a building plot with full planning permission to erect 2no. 4 bedroom detached homes approximately 126m2 in size.
Brick End Lane is located in the village of Broxted, which is between the popular market town of Great Dunmow and historic Town of Thaxted, both offering eateries, shops, boutiques and recreational facilities. Also close by is the village of Great Easton with its popular primary school. The nearby A120 can be accessed just outside Great Dunmow with fast links to Stansted Airport and the M11 and M25 Motorways.
Key financials:
▪ Purchase price: £400,000
▪ GDV: £1,300,000
▪ Purchase costs: £13,750
▪ Refurb costs: £616,340
▪ Profit once sold: £158,849
▪ ROCE: 48%
▪ Sourcing fee: £9,000
Please get in touch for further information.
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.