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£150,000 Guide Price
A superb block of versatile and productive agricultural land situated close to the edge of this sought after village, enjoying good road frontage and access. In all about 13.07 Acres.
This sale represents an excellent opportunity to acquire a versatile parcel of fertile and productive agricultural land occupying a convenient and readily accessible position close to the sought after village of Sampford Courtenay. Enjoying lovely views towards Dartmoor, the land is primarily contained with traditional hedged boundaries and comprises a single enclosure of gently sloping arable land benefiting from fertile soils which are classified in part as Grade 2 on the Agricultural Land Classification System. The land benefits from direct access off the A3072 Crediton road and in recent years has been primarily utilised for cereal production. Whilst the land may be well suited to agricultural enterprises, its convenient location and aesthetic appeal may also make it suitable for a variety of equestrian, conservation or other amenity uses, subject to obtaining any necessary planning consent.
Extending in total to about 13.07 Acres (5.29 Ha) the land is offered for sale as a whole as shown on the attached identification plan.
Tenure
The land is of freehold tenure with vacant possession available upon completion of the sale.
Services
The land will be sold without any mains services of any kind and prospective purchasers should make their own enquiries as to the availability of mains water and any other services.
Basic Payment Scheme
The Basic Payment Scheme has now ended and the land will be sold without any entitlements or de-linked payments.
Agri-Environment Schemes & Designations
The land is not currently entered into any agri- environment schemes. The land lies within a Nitrate Vulnerable Zone.
Rights of Way, Easements, Etc.
We are not aware of any rights of way crossing the land. The land, as far as required by the Vendors, will be conveyed, subject to all other public or private rights of way, easements, and wayleaves of telegraph and telephone poles, stays and wires, electric pylons, poles and cables, water and gas pipes at present erected on and passing over or under the property and subject to the agreements affecting the same (if any).
Sporting and Mineral Rights
The sporting and mineral rights across the land, insofar as they are owned, will be included in the freehold sale.
Restrictive Covenant
An historic restrictive covenant prevents the erection of any buildings or structures on the north eastern section of the land adjoining the main road.
Important Notice
Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular interest to you please contact the office and we will be pleased to confirm the position for you, particularly if you are contemplating travelling some distance to view the property.
None of the statements contained within these particulars are to be relied upon as statements or representations of fact. Interested applicants are advised to make their own enquiries and investigations before finalising their offer to purchase.
The land occupies an outstanding position within West Devon, enjoying lovely views over the village and towards Dartmoor in the far distance. The surrounding gently undulating and unspoilt Devon countryside, affords a predominantly agricultural landscape of mainly pasture and arable land interspersed with an abundance of wooded valleys.
Despite its rural location the land is well situated for easy access to the surrounding districts and main routes of communication. The A3072 and nearby B3215 provide quick and easy access to the larger towns of Okehampton and Crediton, each affording a wide range of shopping, banking, educational and recreational services. From Okehampton the A30 provides dual carriageway access to Exeter and the M5 motorway (Junction 31). A rail link is also available from Okehampton Station to Exeter St Davis, with regular services from here to London Paddington. Exeter Airport offers domestic and international flights, including a regular flight to London City Airport.
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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