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£500,000 Guide Price
A group of modern farm buildings set within the most wonderful, secluded location on the high ground adjoining and overlooking the Stour Valley area of outstanding natural beauty. The buildings have the benefit of full planning permission for a residential conversion, a detached property of some 3,400 sq.ft. The total site area to be sold with the barn extends to 1.89 acres and the relevant consent is planning reference DC/24/03644 Babergh District Council.
This stunning located group of modern farm buildings are located off a shared private driveway in a quiet location bordering the Stour Valley area of outstanding natural beauty. The buildings have full planning consent which includes for partial demolition. The present range of buildings extend to some 5,000 sq.ft and the planning consent allows for the construction of a residential detached dwelling of some 3,400 sq.ft. The approval reference is Babergh District Council DC/24/03644.
Location
Highfields Farm has a sheltered secluded location which is extremely well situated for easy access to the A134 south to Colchester and with easy access to the north to Sudbury and its connections to Ipswich. Mainline Railway Station is available from Colchester and there is a branch line station in the village of Bures which connects to the mainline Marks Tey. Bures also has local facilities including a good primary school and there is a private prep school available close at hand at Littlegarth. The private road that leads to Highfields farm is a byway marked by some beautiful mature Oak trees and the whole property benefits from superb views out across the Stour Valley into Essex, all of which forms part of the Stour Valley/Dedham Vale AONB
Directions
Use the postcode CO8 5BN. For further directions please contact a member of our sales team on .
Important Information
Important information
Services - TBC
Tenure - Freehold
Council Tax Band - TBC
Ref - WIT230404
Agents Note
Right of access is over a private road which is also a restricted byway.
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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