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£250,000 Offers in excess of
Offering to the market this approx. 4.6 acre field set on the edge of the popular village of Kilkhampton which will appeal to a myriad of purchasers. The land is gently sloping and adjoins the property, Down Park Farm which is also offered to the market.
The land has the benefit of outline planning permission being granted with further development potential in the future should any buyer wish to explore. The current planning permission is for 5 detached dwellings on large plots with excellent potential to add value. Part of the current planning permission will include the creation of a pavement which then provides a level walk to the village shops and amenities.
OUTLINE PLANNING PERMISSION
Outline planning permission was granted on 8th November 2022 by Cornwall County Council under cover of application number PA22/05541. Residential development comprising up to 5 dwellings with all matters reserved except access. The adviser who assisted the application was: Mr Peter Wonnacott, Rodds Bridge Farm, Lower Upton, Bude, Cornwall, EX23 0LS. Email: : .
COMMUNITY INFRASTRUCTURE LEVY
Please note that the proposed development set out in this application will be liable for a charge under the Community Infrastructure Levy (CIL) Regulations 2010 (as amended). The amount of the liability will be calculated when the related reserved matters application is determined. Further information about CIL is available at
LAND PLAN
Land plan for identification purposes only, not to scale. Full planning documents and plans are available at the agents office: Kivells, 8 Belle Vue, Bude, EX23 8JL.
AGENTS NOTES
1.) Offers to be submitted on 29th August 2025 via email to . Please note that our client may accept an offer before this deadline. Viewing strictly by appointment only.
2.) Please note, should more than five dwellings be constructed on the site - there will be a 25% uplift payable for the next 20 years triggered when permission for the additional dwelling/dwellings is granted.
3.) Please note, the neighbouring properties The White House and Down Park Farm have existing septic tanks currently within the site.
SERVICES
There are main services located in the vicinity. However prospective purchasers must verify availability for any mains services required and the costs of connection of such services, for themselves.
TENURE: Freehold
WHAT.3.WORDS.COM LOCATION
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VIEWINGS
Please check availability prior to making any travel arrangements. Viewings are accompanied and strictly by appointment only.
CONDITIONS OF CURRENT PLANNING
The outline consent was subject to seven conditions briefly summarised below. The full conditions can be seen on request.
1. Approval of the details of:
appearance
Landscaping
Layout
scale
2. Application for the approval of reserved matters shall be made to the Local Planning Authority before the expiration of three years from the date of this decision and the development hereby approved shall commence no later than two years from the final approval of the last reserved matters, to be approved whichever is the later.
3. The development hereby permitted shall be carried out in accordance with the approved plans listed in the Plans Schedule.
4. The first reserved matters application shall provide full construction, surfacing and drainage details for the access arrangement and footway show on the Amended Proposed Site and Site Entrance Plan. Prior to first occupation, the access arrangement and footway shall be completed in accordance with the agreed details and retained as approved thereafter, and; the visibility splays as show on Amended Proposed Site and Site Entrance Plan.
5. The first reserved matters application shall provide full details of a scheme of landscaping, tree protection and earth bund/Cornish Hedge.
6. The first reserved matters application shall provide full details of a scheme for the provision of foul and surface water management.
7. The development hereby approved shall be carried out in accordance with the recommendations and mitigation within the submitted Ecological Survey (Preliminary Ecological Appraisal Survey Report carried out by Devon and Cornwall Ecology and dated May 2022).
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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