5 bedroom detached for sale

£1,000,000 Offers in excess of

5

Bedrooms

2

Bathrooms

Floorplan

An enchanting detached Farmhouse affording scope for modernisation enjoying a delightful rural and private position together with a range of modern style outbuildings and ring fenced pasture. In all about 15.97 acres.


Goulds Farm represents a most attractive and versatile residential property having been in the current vendors ownership for approximately 24 years. The property is centered upon a detached farmhouse, which now affords potential purchasers the opportunity to modernise and update in order to suit individual requirements. The dwelling is southerly facing, including characterful features whilst also providing well-proportioned and flexible accommodation.

The property is further enhanced by the range of outbuildings which have largely been used for agricultural purposes and will undoubtedly afford appeal to those prospective purchasers with smallholding or indeed equestrian interests.

These comprise:
Block stables (1800 x 2602) with 4 loose boxes and adjoining store (911 x 701)

3 Bay steel framed Agricultural building for machinery storage (4500 x 3000) (Planning ref: 05/2719/FUL). Noted to be partly situated on a former menage.

Three bay timber framed building (4500 x 2500 plus overhang)

GI Log Shed (1111 x 1200)

Formal gardens lie mainly to the south of the dwelling and provide a mix of lawn, shrub boarders together with an orchard and cultivated area. Within the grounds are two greenhouses and a small timber garden shed in addition to a double garage (3111 x 1806).

The adjoining land comprises an attractive mix of gently sloping pasture including a number of conveniently sized enclosures, together with a feature pond and frontage onto the River Love. In all the property affords a diverse habitat and provides considerable appeal to those prospective purchasers with equestrian, lifestyle, conservation and small holding interests.

Goulds Farm extends in total to about 15.97 Acres (6.46 Ha) and is offered for sale as a whole. For dimensions of the dwelling please refer to the accompanying floor plan.

The property occupies a delightful rural position approximately 0.8 miles to the east of the centre of the village of Luppitt, lying on the southern periphery of the Blackdown Hills National Landscape (formerly AONB).

The popular and highly regarded village of Luppitt affords a thriving local community with its parish church and village hall. Honiton lies approximately 5.5 miles to the south and affords an extensive range of everyday banking, shopping and schooling facilities whilst the larger centre of Taunton lies 14.6 miles to the north and provides a more extensive range of recreational and commercial services together with three noted public schools.

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) or Exeter (J29) whilst main line rail services are also available at Taunton (Paddington) and Honiton (Waterloo). Access to the A303 trunk route at Honiton provides an easy link to London and the South East, with international airports at Exeter and Bristol.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 818950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 25000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 68950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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