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£250,000 Guide Price
An attractive block of productive pasture land enjoying a secluded rural position with track access and superb countryside views. In all about 43.74 Acres.
This sale represents an exceptional opportunity to acquire a most attractive and useful sized block of agricultural land occupying an outstanding position within the Brendon Hills. The land benefits from track access which affords a private rural setting whilst enjoying superb views over the picturesque valley of the Clatworthy Reservoir. It comprises a level and undulating block of productive pasture conveniently divided by hedgerow boundaries into three fields currently utilised for livestock grazing and fodder production. The most westerly field is partially bisected by a small watercourse, creating a valley feature running down to a small area of woodland on the boundary.
The land s location, superb views and aesthetic appeal may also make it suitable for a variety of conservation, equestrian or other amenity uses. Extending in total to about 43.74 Acres (17.70 Ha) the land is offered for sale as a whole as shown shaded red on the attached identification plan and described within these sale particulars.
Tenure
The land is of freehold tenure with vacant possession available upon completion of the sale.
Services
The land will be sold with the benefit of a private sub-metered water supply. The purchasers will be responsible for installing the sub-meter and for reimbursing the Vendors for all water consumed.
The land is sold without any other mains services of any kind. Prospective purchasers should make their own enquiries as to the availability of 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.
Designations
The land is currently subject to a 5 year Mid Tier Stewardship agreement which commenced on the 1st January 2024 (Agreement Ref. 1647065). The agreement options relevant to the land are permanent grassland with very low inputs (GS2) with a lenient grazing supplement (GS17), and some hedgerow fencing (FG2). Prospective purchasers should satisfy themselves as to the contents and obligations of this agreement and will covenant to farm in accordance with the management prescriptions.
The land lies within a Less Favoured Area being classified as Severely Disadvantaged.
Sporting and Mineral Rights
The sporting and mineral rights across the land, insofar as they are owned, will be included in the freehold sale.
Rights of Way, Easements, Etc.
The land benefits from a right of way track access. A public bridleway runs from the road along the access track and crosses the land. It is also understood that the owners of the land adjoining to the south have a right of way access from the track along the inside of the eastern boundary of the land to two field gates in the south east corner.
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).
Method of Sale and Lotting
The land will be offered for sale by private treaty as a whole, as detailed within these sale particulars.
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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