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£350,000 Guide Price
Four enclosures of gently sloping fertile arable land with good road access and natural hedgerow boundaries. In all about 33.86 Acres.
Productive arable and in all about 33.86 acres.
SPORTING RIGHTS
We understand are in hand and run with the freehold.
RIGHTS OF WAY, EASEMENTS, WAYLEAVES, ETC.
The property is sold and as far is required by the vendors and will be conveyed subject to all 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 over or under the property and subject to the agreement effecting the same (if any). A footpath traverses Lots 1, 2, 3.
TENURE AND TENANCIES
The property is offered with freehold tenure with vacant possession available on completion. Vendors retain the right of holdover should there be any unharvested crops.
ENVIRONMENTAL SCHEMES
The land is subject to a SFI Agreement which commenced in November 2024. For further details, please contact the selling agents.
Mobile Coverage: Available via EE, O2, THREE and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a VERY LOW RISK from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).
The property is situated to the east of Lydeard St. Lawrence set within rural surroundings dominated by agriculture. The village itself has a thriving primary school, parish church and village hall. Some 3 miles away is the larger centre of Bishops Lydeard where facilities include a Doctors surgery, convenience store, garage, pubs and caf.
Taunton, the county town provides a complete range of scholastic, retail and leisure facilities, a national hunt racecourse and Somerset County cricket ground. Communication links include a main line rail link to London/Paddington and access to the M5 motorway at Junction 25. Sedgemoor Auction Centre is located at North Petherton and International Airports can be found at both Bristol and Exeter.
Map location is not available for this property.
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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