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£150,000
Productive and versatile arable land extending to approximately 9.40 acres (3.80 ha) or thereabouts.
For Sale by Informal Tender
Applications invited by 12 noon on Tuesday 17th June 2025
LOT 2 comprises a single enclosure of winter wheat extending to approximately 9.40 acres (3.80 ha) or thereabouts. The land is gently sloping in topography and is bound by mature hedgerows.
Access is directly from Norton Road via a track.
SERVICES
We understand that mains water is available in Lot 1.
DESIGNATIONS
We understand that there is a site of historic landfill within an area of Lot 1 dating back to 1948.
We understand that Lots 4 and 5 fall within a Nitrate Vulnerable Zone.
Other than this, we are not aware of any other designations affecting the property.
RIGHTS OF WAY, EASEMENTS, ETC.
We understand that there is a public footpath (ST|Y|25/2) traversing field parcel ST4617 1719 in Lot 1.
With regards to Lot 2, we understand that the owners and occupiers of the adjoining properties known as Yanders Close, Meriville, Shenstone and St Michael, New Road have an unrestricted right of way over and along the track of Lot 2, from points marked A and B on the attached site plan.
Lot 3 is accessed via an unrestricted right of way.
Other than this, we are not aware of any other public rights of way affecting the property and the property is sold as far as required by the vendor and will be conveyed subject to all rights of way, easements and way leaves of telegraphs poles, drains and wires, electric pylons 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).
TENURE
The land is of freehold tenure with full vacant possession available upon completion of the purchase.
COVENANTS AND RESTRICTIONS
There are NO overage provisions included in the sale.
NOTICE FOR GUIDANCE FOR PROSPECTIVE PURCHASERS
All prospective purchasers must satisfy themselves by inspection or otherwise the accuracy of the statements contained within these particulars.
METHOD OF SALE
The land is offered for sale by Informal Tender.
Application forms must be completed in full and returned with any supporting documentation by 12 noon on Tuesday 17th June 2025 to FAO Justin Lowe MRICS Greenslade Taylor Hunt, 22 Princess Street, Yeovil, Somerset, BA20 1EQ marked Land at Stoke Sub Hamdon or by email to justin.
Please find the tender forms attached.
AGENTS NOTE
Exchange of contracts will be on 28th September 2025 with completion shortly thereafter.
VIEWING
Please notify the selling agents before viewing the land. The land can be viewed on foot at any reasonable time with a copy of these particulars in hand. Please observe the country code and ensure all gates are closed.
AGRI - ENVIRONMENTAL LAND SCHEMES
We understand the land is not currently entered into any Countryside Stewardship Mid-Tier / Higher Tier, Sustainable Farming Incentive, or other Environmental Land Management Schemes. As a result, prospective purchasers are free to enter the land into a scheme should this be of interest.
WHAT.3.WORDS
For the exact location download the app and enter;
///DEFLATED.DRILL.DIRECTION
LOCAL AUTHORITY
Somerset Council
FLOOD ZONE
According to information from the Environment Agency, Lots 1, 2 and 3 are designated at being in an area at a very low risk of flooding from River/Sea and Surface Water.
Lot 4 and Lot 5 are designated at being in an area at a medium to high risk of flooding from Surface Water. However, we can confirm that there is no history of flooding on either site.
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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