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£1,250,000
Hall Farm Cottages is a luxurious self-catering holiday complex comprising six holiday apartments set in the Crouch Valley with spectacular views over the river and surrounding vineyards. In addition is an agricultural barn with permission for a three bedroom residential dwelling.
Hall Farm Cottages
Originally a dairy farm, the original barn blew down in a storm in 1987. Following a subsequent planning application, the barn was rebuilt in 2005/06 with six holiday cottages, all with views over the neighbouring Crouch Ridge Vineyard and agricultural land beyond. The total site area extends to approximately 0.6 acres. Currently operated as short term lettings, the cottages are subject to a 28 day occupancy condition.
The accommodation comprises four units on the ground floor and two larger units on the first floor. All units are fully furnished for holiday use, with two generous double bedrooms, an open plan kitchen and living room layout together, a bathroom or wet room.
Ground Floor Units
Ivy Cottage
Mistletoe Cottage
Thistle Cottage - (Wet room bathroom and wider doors for wheelchair access)
Bramble Cottage
First Floor Units
Holly Cottage - Situated at the far end of the converted barn.
Periwinkle Cottage - Vaulted ceilings and open plan living area.
Hall Farm Barn
Situated to the rear of the cottages is an agricultural barn with permission for conversion under class Q (General Permitted Development) for conversion to Class C3 dwellinghouse. The existing barn to be converted measures 15.4 metres in width, 11.6 metres in depth, with a maximum height of 5.4 metres. Prior approval was granted in February 2025 based on a three bedroom single storey dwelling. The barn is set back from the access road with ample curtilage and parking.
Planning
Ref. 24/00943/PACUAR was granted on 24th February 2025 for Prior approval application for the change of use of an agricultural building to a dwelling house and for associated building operations.
Hall Farm Cottages also benefits from the following permissions:
Ref No: 12/00523/FUL - Demolition and rebuilding of existing barn to provide letting rooms.
Ref. No: 09/00504/FUL - Conversion of unused barn to group holiday accommodation and alter elevations.
Ref No: 02/00598/FUL - Enlargement and relocation of new barn building to provide 3 no. residential units for holiday letting.
Ref No: 05/00924/FUL - Conversion of part of building to provide 3 holiday apartments (part retrospective application).
Income and Expenditure
The holiday cottages have been operated as self catering holiday units, with bookings (per night or per week) made through the vendors website. Income information available upon request, accounts available to interested parties after viewing.
Location
The property is located within the Crouch Valley, in the village of Althorne. The Crouch Valley is a region of English wine, now comprising more than 10 vineyards, including the neighbouring Crouch Ridge Vineyard. Situated approximately 3 miles from the town of Burnham on Crouch with a range of local amenities, Burnham Yacht Harbour and the Saltmarsh Coastal Trail. The larger town of Maldon (9 miles) and the City of Chelmsford (16 miles) are easily accessible.
Directions
Please use postcode CM3 6BZ for SatNav.
Important Information
Business Rates - Rates Payable 5,144.19
EPC Rating - TBC
Services - We understand that mains water, gas and electricity are connected to the property. Drainage is to a private system.
Tenure - Freehold
Our ref - CHE250150
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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