Are you an Estate Agent? Register here
£225,000 Guide Price
Situated to the west of Lot 1 this comprises a ring fence parcel of gently sloping traditional pasture with frontage onto the River Culm. To the south of the river is an attractive area of woodland extending to about 1.79 acres.
In total, lot 2 extends to about 30.35 acres and is shown coloured blue on the accompanying plan.
Please note whilst the vendor has legal title to the area hatched black on the western boundary but they do not have physical occupation of that area. The Land Registry file plan also does not include the additional area of land hatched orange which is within the fence line boundary on the eastern boundary. On that basis, a statement of truth has been prepared and is available from the vendors solicitor and agent. The vendor therefore has an area of land that is physically within the their ownership but they do not have legal title. The area declared is as per the current legal title.
Having been in the vendors ownership for 31 years, the sale of Lears Farm House affords prospective purchasers a rare opportunity to purchase a residential smallholding occupying a superb rural position within the Blackdown Hills National Landscape (formerly known as Area of outstanding Natural Beauty)
The property briefly comprises an attached thatched house now requiring a programme of modernisation and updating and the potential undoubtedly exists for the creation of a character country residence in an outstanding rural setting.
The property is complimented by the range of outbuildings together with adjoining pasture. In all Lears Farm House extends in total to 45.83 acres (18.54 Ha) as is available in up to 2 lots.
Lot 1 Farmhouse, Outbuildings and Pasture in all about 15.64 acres.
Guide Price 550,000
An attached thatched three bed house providing a rare opportunity to modernise and update into a delightful family home.
The property is set within attractive gardens providing an appealing mix of fruit trees, shrubs, a pond and lawns. The range of buildings may also afford scope for alternative uses, subject to obtaining the necessary consents and largely comprise former stables, a bull pen and a modern garage / workshop with solar panels.
The adjoining land provides a delightful mix of level and gently sloping pasture with frontage onto the River Culm and attracting a variety of flora and fauna.
The property is considered to offer appeal to those with small holding, equestrian and lifestyle interests.
For dimensions of the dwelling and outbuildings please refer to the accompanying floor plan. In total, lot 1 extends to about 15.64 acres as is shown coloured pink on the accompanying plan.
Lears Farm House is located in an attractive rural setting in the heart of the picturesque Blackdown Hills. The Parish of Churchstanton provides a Church which is approximately 1.2 miles to the east and a primary school at Stapley which lies approximately 2 miles distant. The larger village of Churchinford lies 3.1 miles to the south east and provides an active local community with public house, village hall, surgery and village shop.
The county town of Taunton lies 8.7 miles to the north providing an extensive range of shopping, recreational and educational facilities including a number of noted public schools in addition to access to the M5 Motorway (J25) and a rail link to London (Paddington)
The market town of Honiton lies approximately 13.2 miles to the south also having a main line rail link to London (Waterloo) and access to the A30.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy