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£170,000 Guide Price
The Approved Scheme:
Planning permission has been granted for the construction of a two-bedroom, single-storey eco-dwelling on surplus back land. The property will be partially subterranean, highly insulated, and will incorporate renewable technologies such as an air source heat pump.
Access to the plot is via a 5m-wide private driveway, owned by the existing property, leading from the residential cul-de-sac.
The new home has been designed to integrate seamlessly with the existing railway embankment. Excavated material from the foundations will be reused to create additional fill, allowing the embankment to slope over the partially retaining rear of the dwelling. A green living roof will further support the visual and ecological integration of the structure into the landscape.
The disused railway line at the western end of the site will be retained as the garden for the new property. This embankment area, which has already been incorporated into surrounding gardens, has been generally maintained or surfaced.
The Existing Site:
The site currently contains several outbuildings and workshops. It is set within a well-maintained garden consisting mainly of lawn, with introduced shrubs, small trees, hardstanding, wooden sheds, and a greenhouse.
Site Area: Approximately 1174SQM
Location:
Evercreech is a quiet, well-established village in Somerset, about 3 miles southeast of Shepton Mallet and 5 miles from Castle Cary.
Castle Cary Station approx. 6 km. Offers direct services to London Paddington, Bristol, Exeter, and Plymouth.
The village has a convenience store, post office, and local bakery. Larger supermarkets and retail options are available in Shepton Mallet.
The Bell Inn (Evercreech) traditional village pub serving food. Additional dining and pub options are in nearby Shepton Mallet and Castle Cary.
Mendip Hills AONB (Area of Outstanding Natural Beauty)
Aproximate 1520 minute drive northwest, offering excellent walking, cycling, and panoramic countryside views.
East Somerset Railway & Walks
Located in nearby Cranmore, circa 10 minutes away by car, it combines a heritage railway with surrounding woodland and field walks.
Documents Available upon request:
Brochure
Approval & Conditions
Planning Statement
Ecological Appraisal
S106 Documents
Local Comparables
Phosphorous Credits Certificate of allocation
Contact the land team at Allen Heritage For The Above Information.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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