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£1,950,000 Guide Price
Bedrooms
Bathrooms
A superb Residential Holding enjoying an outstanding rural position benefiting from a beautifully presented attractive Grade II Listed thatched farmhouse with attached holiday cottage, an extensive range of adaptable outbuildings, pasture with frontage to the pretty River Yarty. In all about 11.31 Acres.
The sale of Higher Westwater Farm affords prospective purchasers an extremely rare opportunity to acquire an outstanding residential holding occupying a superb rural position in the highly regarded Yarty Valley.
The property briefly comprises a Grade II Listed thatched farmhouse understood to date from the sixteenth century, situated at the end of a no through road. Since purchasing the property in 2014 the vendors have undertaken an extensive program of restoration and have tastefully transformed the property into a character country residence with an attached holiday let. The property is enhanced by the range of traditional farm buildings which may offer the scope, subject to the appropriate planning consents, for conversion to a variety of ancillary and alternative uses. Furthermore, the adjoining pasture land with frontage onto the River Yarty provides an excellent protective buffer to the farmhouse and buildings, as well as affording considerable appeal for those potential purchasers with agricultural, equestrian or other amenity interests.
The property extends in total to about 11.31 Acres (4.57 Ha) and is offered for sale as a whole as detailed within these sale particulars.
For dimensions of the dwelling and outbuildings please refer to the accompanying floor plan.
Higher Westwater Farm occupies an outstanding rural position situated within the sought after Blackdown Hills National Landscape, and widely regarded as some of the most attractive countryside in the county.
The property enjoys a delightful setting situated approximately 1.5 miles to the north west of the East Devon town of Axminster. The town provides a thriving local community and affords a good range of everyday shopping, banking and scholastic services, including primary and secondary schooling. The Somerset county town of Taunton and the Devon City of Exeter lie within approximately 24 miles and 27 miles of the property respectively and are readily accessible and afford an extensive range of commercial, educational and recreational facilities befitting those of important regional and administrative centres, together with a wide range of primary, secondary and further education facilities, including a number of noted public schools. The renowned Colyton Grammar School is also located approximately 6 miles to the south. Despite its rural position the property enjoys easy access to the surrounding districts and further afield with access to the M5 motorway available at Taunton (J25) whilst main line rail services are also available at Axminster (Waterloo) and Taunton (London Paddington).
Access to the A303 trunk route at Honiton and Ilminster provides an easy link to London and the South East, with international airports at Exeter and Bristol. To the south lies the Jurassic Coast, a World Heritage Site, with pretty coastal towns and villages such as Lyme Regis, Seaton and Sidmouth.
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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