Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£350,000 Guide Price
Lot 4 - Land at Middle Field Lane - 34.60 acres (14.00 ha) comprising Arable and Pasture land.
SITUATION
Sandford Orcas is a sought after residential village comprising a number of period village properties, popular pub, village hall and church. The farmstead is situated to the north of the village some 0.4 miles from the village centre and lies approximately 3miles north of the town of Sherborne and approximately 5 miles north east of the town of Yeovil. Both centres offer an extensive range of shopping facilities, amenities and main line rail links to London Waterloo. The A303 is linked some 3 miles north west(Sparkford) providing links to the South West via M5 and London Home Counties via M3.
DESCRIPTION
Lot 4 - Land at Middle Field Lane - 34.60 acres (14.00 ha) (edged green on the site plan)
Arable and Pasture land.
SOIL TYPE & TOPOGRAPHY
The land is generally undulating with some steep and sloping areas. The land lies approximately between 50-105m above ordnance survey data. According to data from the National Soil Resources Institute the land comprises mainly generally slightly acid loamy and clayey soils with impeded drainage and moderate to high levels of natural fertility. The land lying to the west of the farmstead, to the north of Moorway Lane and east of Middle Field Lane comprises freely draining land with slightly acid loamy soils with lower levels of natural fertility.
RIGHTS OF WAY, EASEMENTS, WAYLEAVE ETC
There are a number of public footpaths which traverse the land. Other than this we are not aware of any rights of way over the land 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).
Lot 4 - Land at Middle Field Lane - 34.60 acres (14.00 ha) is occupied under a Farm Business Tenancy Agreement dated 29th September
2024 for 5 years at a rent of 4,930 per annum.
Lot 4 Mains water
METHOD OF SALE
The property will be offered for sale by private treaty in five lots or as a whole.
COVENANTS & RESTICTIONS
There are no overage provisions included within the sale.
AGRI - ENVIRONMENTAL LAND SCHEMES
We understand that parts of the estate (contained within Lots 1 and 3) are currently entered into a Countryside Stewardship Mid-Tier Scheme. Further details from the selling agents. Other than this, we are not aware of any other 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.
DESIGNATIONS
We are not aware of any other designations affecting the 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.
The Property has been saved to your favorites
/ 5
It's quick and easy
