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£30,000 Guide Price
Bedrooms
Bathrooms
Lot 2The furthest enclosure (2.86 acres) is accessed across a green lane and is similarly bounded by mature broadleaf hedgerows. The land is level and is currently sown to maize.
LOCATION
Folly Farm occupies a convenient location situatied on the northern outskirts of the village of Yetminster, some 1 mile south of Thornford, approximately 4 miles to the south of Yeovil. The town of Sherborne is approximately 4.5 miles to the north east and Crewkerne is approximately 10 miles to the west. The county town of Dorchester is located 17 miles to the South. All three towns provide a wide range of amenities and good road links.
SITUATION
Folly Farm is accessed directly off the public highway known as Thornford Road. An access track gives secondary access to the rear of the yard and the fields beyond, directly off of Thornford Road. The agricultural land can be accessed through the farm yard together with internal gateways. We understand that parcel ST5911 6017 benefits from secondary access via an adjoining Green Lane, accessed from Thornford RoadLot 2The furthest enclosure (2.86 acres) is accessed across a green lane and is similarly bounded by mature broadleaf hedgerows. The land is level
and is currently sown to maize.
VIEWINGS
All viewings are strictly by appointment with the selling agents.RURAL PAYMENTS AGENCY The land is registered with the rural payments agency. We understand that the land is not currently entered into any Countryside Stewardship Scheme or Sustainable Farming Incentive Scheme.
LAND DESIGNATIONS
We are not aware of any designations affecting the property. The land does not fall within a Nitrate Vulnerable Zone.
PLANNING
The land to the east of the Burrington site has been submitted to the Dorset Council call for sites (December 2024)
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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