Land (commercial) for sale

£875,000 Guide Price

98.34 acres of excellent arable and pasture land divided into six large enclosures well suited to modern agriculture. The land is currently down to pasture. There are two direct road access points suitable for large machinery.

Lot 2 comprises 98.34 acres of an excellent combination of arable and pasture land divided into six large enclosures well suited to modern agriculture. The land is currently down to pasture. There are two direct road access points suitable for large machinery.

The land is positioned on the eastern side of Exmoor National Park in an elevated position boasting uninterrupted views across rolling countryside, just four miles from Wheddon Cross, the highest village on Exmoor which has a vibrant community and is a popular tourist destination. Dulverton can be found just 11 miles south and is a town rich in history offering a whole host of day to day amenities with numerous independent shops, cafs and restaurants. The county town of Taunton and Tiverton are both within striking
distance and offer an extensive range of retail, social and cultural facilities. Exmoor National Park itself has over 680 miles of footpaths and bridleways across its magnificent landscape and is characterised by its rugged and wild scenery and enjoys a wealth of diverse wildlife. The area boasts an abundance of sporting and leisure
opportunities and North Devon offers some of the best sailing, surfing and beaches. Transport links are excellent with easy access to the A396 which links to the A361 link road at Tiverton and the A39 at Dunster. Mainline railway stations can be found at Taunton and Tiverton with daily trains to London in under two hours and Exeter and Bristol International Airports are 43 miles and 58 miles away respectively. There is an array of renowned schools in the area including Blundells School and West Buckland School, both provide private co-ed primary and senior education. There are also a selection of private and public schools in Taunton.

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

£
£
£
£

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

Mortgage Required

£ 724575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 21875
  • 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

Adjust these figures

£

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.

Annual Costs

£ 68325
  • 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
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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