Land (commercial) for sale

£160,000

This is a rare opportunity to purchase 12.534 acres of land within an Area of Outstanding Natural Beauty. The land is situated at the end of a no through lane. It comprises of a mixture of paddocks, small orchards with a variety of fruit trees, fenced stock areas and a conifer stand. The land offers excellent potential for use as a small holding, equestrian or recreational uses.

Description - This is a rare opportunity to purchase 12.534 acres of land in a tranquil rural setting. The land has access from the lane, beyond which the lane becomes a bridleway. The land is divided into a number of paddocks/fields. There are a variety of mature fruit trees in two small orchard areas which include: damsons, three types of apple, and two types of plum. The owners have planted three small areas of woodland creation, including a conifer stand, for which we are informed the grants for 2017/18 will be 555.30 and 281.70. These could be thinned over time or harvested to create more pasture or arable land. The land is bordered by ancient woodland. The land offers excellent potential for use as a small holding, equestrian or recreational uses. There are no services on the land. However, we are informed that water and electricity are available in the lane. There is one public footpath running along the southern edge of the land and continuing into the bordering woodland. The bridleway runs through the land but is well fenced from it.

Situation - The land is situated in a delightful rural setting in an Area of Outstanding Natural Beauty ( is tucked away within the tranquil countryside parish of Storridge on the Worcestershire/Herefordshire border, with the Malvern Hills to the south and Suckley Hills to the north. The surrounding countryside is characterised by traditional farms, wooded hills and orchards, and is renowned for its scenic and unspoiled rural appeal. The property is located at the end of a quiet country lane (single track) which then continues as a bridleway, yet is well placed for access to the local towns, motorway and rail networks.

Location - It is positioned approximately three miles from Malvern, a short distance off the A4103 between Worcester and Hereford, situated along a no through road Batchombe Lane.
Malvern 4 miles
Worcester 9 miles
Ledbury 11 miles
Hereford 19 miles
Cheltenham 28.5 miles

Access - Access to the property is via the single-track tarmac Batchcombe Lane. There is a part of the lane to the property which is privately owned. The property has a right-of-way over the privately-owned section of the lane for which there is a shared maintenance agreement (awaiting further details).

Storridge - The village of Storridge itself lies just north of Malvern and has a church and inn. The neighbouring village of Cradley (approx three miles) has a church, doctors surgery, post office/village store and butchers. Malvern is close by and offers a broad range of services to meet most day-to-day requirements, including Waitrose, independent shops, galleries & restaurants as well as Malvern Theatre and two mainline railway stations.

Equestian - The region is renowned for its significant equestrian industry. The Three Counties Show ground is just 7 miles away; Kings Equestrian Centre, Bromyard (13.5 miles) and Hartpury Equestrian College (24 miles) are host to a variety of national and international events. Racecourses are at Worcester, Hereford and Cheltenham. The land benefits from good out riding with quick access onto a network of bridleways which lead onto the Suckley Hills and the Malvern Hills.

Things To Do In The Area - The spectacular Malvern Hills are close by and provide a wealth of sporting and recreational opportunities. The Three Counties Showground in Malvern hosts a wide variety of events, from national garden shows & antique fairs to agricultural and equestrian events. A variety of farmers markets, festivals and events take place in and around the area throughout the year. Other sporting opportunities include golf at Malvern, cricket at Worcester and premiership rugby at Worcester and Gloucester.

Directions - From Great Malvern take the B4219 Cowleigh Road signposted West Malvern and Bromyard and stay on this road for about two miles. Upon reaching the T-junction with the A4103 Hereford to Worcester Road turn left onto and after a short distance turn almost immediately right opposite the church signposted Birchwood. Continue a short distance along the lane, taking the first left onto a single-track lane (no through road). After just over a mile the property can be found at the end of the lane as indicated by the Allan Morris For Sale board.

Mortgage Calculator

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 )

Return on Investment

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£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 126700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

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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.

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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.

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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.

Annual Costs

£ 6700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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.

Total Profit

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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