Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£300,000 Offers in excess of
A block of highly productive arable land with possible long term development potential situated next to the West Somerset Steam Railway.
The sale of this land offers prospective purchasers the rare opportunity to acquire a block of level arable land on the western edge of Norton Fitzwarren.
The land has road access to the B3227 and comprises three enclosures of level arable land together with a small copse in the northern corner providing a haven for wildlife, flora and fauna. Further adding to the conservation appeal is the Halse water which forms the eastern boundary a haven for aquatic wildlife such as wild brown trout, herons, kingsfishers amongst others.
The land is classified as Grade 1 on the DEFRA Land Classification Plan and is currently down to a wildflower mix as part of an SFI Agreement, but has the capability to grow cereals and vegetables if required.
In all the land extends to 19.60 acres as shown on the identification plan shaded pink.
SERVICES
No mains services currently connected. Natural stream watering from the Halse water.
RIGHTS OF WAY, EASEMENTS & WAYLEAVES
A footpath traverses fields 8998, 6433 and 5948.
The property is sold and as far as required by the Vendors will be conveyed subject to all other Rights of Way, easements and wayleaves of telegraph and telephone poles, stays and wires, electricity pylons, poles and cables, water and gas pipes at present erected on the passing or under the property and subject to the agreements affecting the same (if any).
ACCESS
The property has direct road access to the B3227. There is a small slice of land between the public highway and the subject property which is unregistered and an indemnity policy will be provided to address this issue.
SPORTING RIGHTS AND EASEMENTS
Sporting rights are in hand and run with the freehold.
TOWN AND COUNTRY PLANNING
The property, notwithstanding any description contained in these particulars, is sold subject to any Development Plan, Tree Preservation Order, Town Planning Scheme, Resolution Notice, which may be or may come to be in force and also subject to any statutory provision or Bye-law without any obligation on the part of the vendor to specify them.
OVERAGE CLAUSE
It is the vendors intention to impose an overage clause on both lots whereby should residential planning consent be granted within 21 years of completion the vendors or their successors in title will be entitled to 25% of any resulting uplift in value. This clause will allow agricultural and equestrian development.
METHOD OF SALE
The land is being offered for sale by informal tender. Tenders to be received in writing on the attached form of tender at the agents Greenslade Taylor Hunt, 13 Hammet Street, Taunton, Somerset, TA1 1RN by 12:00 noon on Thursday 14th August 2025, marked offers for Land at Norton Fitzwarren. Any tenders will be subject to contract and the vendors are not obliged to accept the highest nor any other tender. Tenders may also be submitted by e-mail using the address: martyn. .
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
