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£45,000 Guide Price
For Sale by Auction on Wednesday 14th May 2025. Lot 2 - 45,000 - 50,000.
Situation
The land is situated close to the upper reaches of the River Fowey and particularly Penpoll Creek. The sought after villages of Lerryn and Bodinnick are a short distance providing village amenities, with the popular town of Fowey accessible from the Bodinnick Ferry approximately 10 minutes driving distance.
The South East Cornwall administrative centre of Liskeard is approximately 25 minutes driving distance providing a comprehensive range of shopping,schooling, recreational facilities, mainline railway station and access onto one of the main arterial routes throughout Cornwall, the A38.
Close to the land are a network of quiet parish roads and footpaths providing opportunities for walking and outriding to enjoy this peaceful part of the East Cornwall countryside.
Description
Lot 1 extends to approximately 3.86 acres of pasture land incorporating an interesting small area of woodland (edged red on the plan). The land is accessi-ble along a farm track, leading to a parish road and at its highest point enjoys fantastic rural views. The land is bounded by Cornish hedge banks and has been most recently used for livestock grazing and forage conservation purposes.
Lot 2 extends to approximately 3.19 acres comprising a single enclosure of gently sloping pasture land (edged blue on the plan) with access onto an adjoining parish road. The land is bounded by mature Cornish hedge banks and most recently has been used for livestock Grazing and forage conservation purposes.
Both lots offer opportunities for alternative uses, perhaps equestrian, smallholding or general amenity and viewing is highly recommended to appreciate this stunning rural location.
Agents Note
There is an overage provision in relation to Lot 2 where there will be an obligation to pay 30% of any uplift in value over a 20 year period. Full details within the auction pack.
Auction Venue and Date
Lifton Strawberry Fields, Lifton, Devon PL16 0DE on Wednesday, 14th May 2025 at 7pm.
Registration
Please note ALL BIDDERS, including Kivells existing clients, will need to register with Kivells on the night of the auction in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the 'Regulations') as of 26th June 2017.
Bidders will be required to provide one form of Government issued photographic identity and a utility bill addressed to them at their home address, dated within 3 months of the date of the auction. Failure to do this, may prejudice your ability to bid on the night.
Online Bidding
Online bidding registration will be available 10 days before each auction and all bidders must register at least 48 hours prior to the auction. For further information, please visit or contact your local Kivells office.
Auction Payment
A 10% deposit (subject to a minimum fee of 5,000) will be required to be paid by the successful bidder upon fall of the gavel and at this point the contract is legally binding. The deposit has to be paid to Kivells as auctioneers and can only be paid in the form of a cheque or bank transfer. This deposit is also payable for all lots sold prior to auction. ALL bidders must only bid if they can make this payment. Cheques must be drawn on a bank or branch of a bank in the United Kingdom, any other cheques may be rejected and it will the responsibility of the purchaser to ensure they have the correct method of payment available at each auction.
Buyers Administration Fee
All successful buyers at Kivells Property Auctions should note that on exchange of contracts, a Buyers Administration Fee of 2,000 plus VAT (Total: 2,400 inc VAT) is payable to Kivells on the night of the auction. This fee can be paid by either bank transfer, personal cheque or debit card. Please note if the lot is sold prior to auction, or afterwards, these fees remain payable. There are no discounts for multiple lots purchased and you must consider this when bidding/offering prior.
Guide Prices
Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation. The reserve price is the minimum price at which the property can be sold, both the guide price and reserve price may be subject to change up to and including the day of the auction.
Please note that all prices listed, whether prior to or post auction, are subject to contract. The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyers responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction. The guide price does not include the buyers fee charged by the Auctioneer or VAT, which may apply to the sale or other amounts the seller may charge. The sellers Special Conditions of Sale will state whether there are other sellers charges and whether the seller has elected to charge VAT on the sale price.
Solicitor
A P Bassett Solicitors, Saint Antony, Fore Street, Lostwithiel PL22 0BL. Tel: .
Email:
Directions
Please refer to the Location Plan included within these particulars, with the land identified by a Kivells For Sale board.
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Parks.spreads.liberated
Viewings
At anytime during the hours of daylight with these particulars to hand. Please close all gates.
Contact Us
Kivells , 7-8 Bay Tree Hill, Liskeard, Cornwall PL14 4BE. Tel: . Email: mark. .
Other Information
Easements, Wayleaves, Rights of Way
The property is offered for sale, subject to and with the benefit of all matters contained in or referred to in the Property and Charges Register of the registered title together with all public or private rights of way, wayleaves, easements and other rights of way, which cross the property.
Boundaries
Any purchaser shall be deemed to have full knowledge of all boundaries and neither Vendor nor the Vendors agent will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as to the boundaries or any points on the particulars or plans or the interpretation of them, the question shall be referred to the Vendors agent whose decision acting as experts shall be final.
Plan of the Land
The plan is based on ordnance survey extracts, and the areas are not guaranteed. Purchasers must satisfy themselves as to their accuracy.
Location and Land Plans
Not to scale and for identification purposes only.
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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