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£400,000 Offers in excess of
Bedrooms
Class Q permission has been granted to create an impressive 3 double bedroom (2 ensuite) single story luxury dwelling occupying an enviable position.
DESCRIPTION
The barn sits in a sheltered location on a generally level 6 acre plot, divided into two paddocks and woodlands, with views over its own land. Positioned in a quiet location on a private no-through road, excellent privacy is afforded.
The peaceful and tranquil location remains close to Holsworthy, Hatherleigh and Okehampton which links to Exeter and down into Cornwall. Within striking distance of the local town and its amenities, this would make the ideal property for anyone looking to live the good life.
LOCATION
Chilla is situated between the towns of Holsworthy, Okehampton and Hatherleigh with excellent travel links to the both the A30, M5 and Atlantic Highway.
Holsworthy has an excellent range of professional services, shops including a Waitrose supermarket, leisure amenities, schools and a weekly pannier and livestock markets. The popular seaside resort of Bude on the North Cornish coast is some 16 miles and Launceston and the A30 is some 9 miles. The surrounding area has much to see and do with the likes of Roadford Lake and vast expanses of Dartmoor National Park within easy reach.
THE BARN
The barn boasts generous proportions, level access and planning permission in place to allow this wonderful barn to be converted into an impressive country residence.
The barn is a steel framed structure with wood cladding to the front and corrugated iron to the back and sides.
THE LODGE
There is already a static lodge on site which features a spacious living/ dining room with log burning stove and views over the pasture, fitted kitchen, two double bedrooms, one ensuite, and a family bathroom.
The wooden lodge measures 12 x 6 meters and is connected to the water treatment plant, borehole water system and mains electricity. The cabin provides extremely comfortable living whilst the main property is being constructed.
THE LAND
The property measure approximately 6.5 acres and is made up of predominantly rough grazing split into two paddocks. There is also approx. 1 acre of woodland and an orchard planted with a mixture of cherry, pear apple and plum trees make up the rest of the land.
PLANNING PERMISSION
Planning permission was granted by Torridge District Council under cover of application number 1/0429/2025/AGMB dated 24th July 2025. Prior notification for the change of use of agricultural building to 1no. dwellinghouses and associated building operations under Class Q. A copy of the permission and associated documents can be viewed on Torridge District Councils website at torridge.gov.uk.
LAND PLAN & DRAWINGS
The land plan is based on ordnance survey extracts, and the areas are not guaranteed and purchasers must satisfy themselves as to their accuracy. The architect drawings are for indicative purposes only.
BOUNDARIES
Any purchaser shall be deemed to have full knowledge of all boundaries and neither vendor nor the vendors agents will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as 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.
SERVICES
Private water connection is installed on the site, private drainage is installed on the site, mains electric is installed to the lodge and the barn.
WHAT 3 WORDS
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VIEWINGS
Please ring to view this property and check availability before incurring travel time/costs.
FULL DETAILS OF ALL OUR PROPERTIES ARE AVAILABLE ON OUR WEBSITE
IMPORTANT NOTICE
Kivells, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Kivells have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Map location is not available for this 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.
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