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£950,000 Guide Price
A wonderful equestrian property, the former home of the Ashdown Forest Riding Centre set in the middle of Ashdown Forest.
Farmland, Woodland, 3 Ponds, 2 Log cabins, About 57 Acres.
The communal areas shared by the freeholders include the use of: Major portion of the big barn, Sand school, Outside WC, Access road.
Exclusive use of the communal areas include: Lean-to barns to the side and back of the big barn, 3 Stables, 3 Isolation boxes, Office, Parking.
Property
The former home of the Ashdown Forest Riding Centre and Anderida Stud which had a licence from the conservators of Ashdown Forest to operate a trekking establishment since 1997. This is a unique opportunity to acquire a property located in a magnificent position on Ashdown Forest with direct access to 6500 acres. Any purchaser will have to apply for a new licence. The farm is divided into paddocks of various sizes all with access off a central track. Water is connected to all the paddocks to the north of the track. Running through the middle is Kings Standing Gill with 3 ponds, the main 2 contain fish. Overlooking the top 2 ponds are 2 log cabins used for glamping and there is potential for further log cabins subject to planning.
The Communal Areas
The communal area comprises the access lane, the buildings and the sand school in the centre of the farm. The vendor has full right of access, use of a major portion of the main barn (120 x 70), a 60 x 20 sand school, outside WC, the lean-tos to the side and back, 3 stables, 3 isolation boxes, office and a parking area.
Easements and Wayleaves
The property is offered for sale subject to, and with the benefit of all wayleaves and easements whether specifically mentioned in these particulars or not.
Plans, Areas and Schedules
These are based on the Ordnance Survey and are for reference only. They have been checked and computed by the vendors agent and the purchaser(s) shall be deemed to have full knowledge of all boundaries and neither the vendor nor their agents will be responsible for defining the boundaries or the ownership thereof. The area edged red is freehold with vacant possession upon completion. The area shaped green is the communal area, which the vendor has a share in the freehold and will transfer or assign his interest. The blue area is unregistered land.
Local Amenities & Communications
The property is located in an absolutely fabulous position within Ashdown Forest, which offers spectacular walking and riding country. It is situated between Crowborough and Nutley. There are excellent private and state schools and some fine country pubs in the surrounding area. Extensive facilities are available in Crowborough (3 miles), Haywards Heath (13 miles) and East Grinstead (9 miles) both provide mainline train services to London Bridge/Victoria in less than an hour. Gatwick Airport is about 19 miles away, with the Gatwick Express providing an additional train service to London Victoria. The M23 gives access to Gatwick Airport, London, the coast, M25 and the national motorway network.
Tenure, Local Authorities and Services
Freehold. Mains water and electricity. There is also a private water system. Shared private drainage. Wealden DC: . East Sussex CC: .
Directions
From Forest Row head south on A22 towards Nutley. As you head up the hill just before Nutley, turn left signposted to Crowborough. Go to the end of the road and at the T junction turn left onto the B2026. Head north for about mile and turn right onto the B2188. The drive to the farm is the first on the right.
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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