|
Cost example for Annexe v buying an apartment on a mortgage |
Cost |
Monthly finance Repayment |
term |
|
Double garage conversion with en-suite |
25000 |
£416.67 |
over 5 years |
|
compared to a mortgage for a 1 or 2 bed flat £830 pcm for 25 years with £25k deposit |
250000 |
£833.33 |
over 25 years |
|
Cost example for loft conversion - plastered finish versus buying an apartment on a mortgage |
Cost |
Monthly finance Repayment |
term |
|
Loft conversion small |
50000 |
£166.67 |
over 25 years |
|
Loft conversion medium |
75000 |
£250.00 |
over 25 years |
|
Loft conversion large |
100000 |
£333.33 |
over 25 years |
|
compared to a mortgage for a 1 or 2 bed flat £830 pcm for 25 years, with £25k deposit |
250000 |
£833.33 |
over 25 years |
|
Cost example for timber extension. Plastered shell finish versus buying an apartment on a mortgage |
Cost |
Monthly finance Repayment |
term |
|
Timber shell - small 15sqm |
15000 |
£50.00 |
over 25 years |
|
Timber shell - medium 30 sqm |
30000 |
£100.00 |
over 25 years |
|
Timber shell - large 60sqm |
60000 |
£200.00 |
over 25 years |
|
compared to a mortgage for a 1 or 2 bed flat £830 pcm for 25 years, with £25k deposit |
250000 |
£833.33 |
over 25 years |