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£375,000 Offers in excess of
A highly productive run of level arable and pasture land with livestock handling pens and long river frontage extending to just under 46 acres.
SITUATION
The land at Stoke Canon occupies and enviable position within the stunning Exe Valley immediately to the south of the village at the confluence of the Rivers Culm and exe and just metres from the main A396 which runs between Exeter and Tiverton.
GENERAL DESCRIPTION
An excellent block of level, ring fenced farmland contained in three enclosures extending to around 46 acres, and regularly grows abundant crops of maize, corn and grass.
SERVICES
There are livestock watering areas on the river Culm.
INGOING VALUATION
There will be ingoing valuation nor counter claim for dilapidations.
TENURE AND POSSESSION
Vacant possession will be given upon completion
LOCAL AUTHORITY
East Devon District Council, Blackdown House, Border Road, Heathpark Industrial Estate, Honiton, EX14 1EJ.
VIEWINGS
Strictly by appointment with th selling agents.
DIRECTIONS
From Exeter head north on the A377 and at Cowley Bridge, bear right onto the A396 towards Tiverton. Follow this road for around 2 miles, passing over the bridges and turning immediately left into Chestnut Crescent where the land will be found on the left hand side identified by a Kivells For Sale board.
ALL ENQUIRIES
Contact: Simon Alford
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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