5 bedroom detached for sale

£950,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

A generous GII listed double fronted 5-bed countryside home requiring partial renovation, set in a acre plot, enjoying detached triple garage with loft room, adjoining open barn and large utility/studio with annexe potential.

With parts dating back to the mid-18th Century, Lockyers Farm is a substantial GII listed country home set within a acre plot. Coming to the market for the first time in nearly 30 years, the property is in need of partial renovation, offering the opportunity for a new proprietor to create a truly statement home. The principal rooms are in fine order having been renovated within the last 10 years, with scope to enhance the remainder of the property significantly.

The house is accessed from the rear through a timber stable door which leads into a handy porch/lobby and central hallway running through to the front door and laid with flagstones. The porch has room for storing coats/boots, in addition to a small downstairs WC with hand basin, whilst the hallway hosts under-stairs storage. The hall heads to the left, with a door on the right leading into a good sized study/snug, also laid with flagstone flooring and enjoying a Hamstone fireplace with wood burning stove in situ, handmade timber panelling with shelving and sash window to the front with shutters.

At the end of the hall is the extremely generous kitchen/diner, at nearly 500 sq.ft total, allowing for a good sized dining/living area and a substantial amount of kitchen space. The room is laid with wood-effect LVT; the dining area featuring a small fireplace with Hamstone hearth and wood burning stove in situ. The kitchen is a further dual aspect room, featuring a wide array of Shaker-style wall and base units with resin-quartz worktops and upstands, eye-level gas oven and convection microwave, 6-burner gas hob with large electric oven under and chimney hood over with stainless steel splashback, ceramic Belfast sink with grooved drainer, in addition to an integrated dishwasher, wine cooler and full-length pantry drawer.

Beyond the kitchen is a generous utility room with further Shaker-style cupboards with solid wood worktops over, Belfast sink with grooved drainer, integrated washing machine and space for a tumbledryer, along with a personnel door to outside. L-shaped stairs from the utility lead up to a studio/office; laid with solid oak flooring and being triple aspect (in addition to a cast iron rooflight) the room is incredibly light and airy, great as a space integrated with the main house or, in conjunction with the utility, offers potential annexe conversion with independent access. The studio features a trapdoor design on the floor over the stairs enabling the room to be completely shut off from downstairs if desired.

Back at the other end of the house is the principal sitting room, laid with flagstone flooring and fitted with hand-made timber panelling. A large sash window to the front with timber shutters and a Doulting stone fireplace with wood burning stove inset add to the charm and character of the room. A false door in the panelling leads beyond the sitting room to a further two rooms in need of renovation; immediately adjacent is a room with a red brick fireplace and flagstone flooring, in addition to stairs leading up to the Master bedrooms dressing room. A further outbuilding/lean-to connects to this room, providing a way through to the front and rear of the property. This small building had planning and listed building consent previously granted to be taken down, however the room could be incorporated into the house if desired.

Softwood stairs rise from the hallway to the first floor landing, which runs almost the length of the main house. The majority of upstairs is in need of a scheme of redecoration, however enjoys five double bedrooms, including Master with en-suite and dressing room, and family bathroom. Beds two, three and four all feature stained floorboards and sash windows to the front of the house, with bed five requiring a full cosmetic overhaul. The master bedroom enjoys a Victorian era fireplace (untested) and en-suite shower room with low-level WC, hand basin within vanity unit and towel rail. Beyond is a dressing room with a pair of large cupboards with shelving and rails for hanging. Completing the internal accommodation is the bathroom, laid with LVT and featuring shower cubicle, panelled bath, WC and basin with vanity unit.

Burrowbridge enjoys a highly regarded pub, The King Alfred, and is renowned locally for its landmark, Burrow Mump an ancient church on a distinctive hill. The village lies 4 miles from the historic small town of Langport, which provides a good range of everyday amenities. Bridgwater (6 miles) and Taunton (9 miles) are both an easy drive, providing a comprehensive range of shopping, recreational and scholastic facilities (in addition to Milfield School in Street, 10 miles), as well as excellent communication links on the M5 (J25 Sb / J23 Nb), with Taunton enjoying fast rail service to London Paddington (1h 45m).

Lockyers Farm sits imposingly in its 0.76 acre plot, set back from the lane by a good amount of lawn and bordered by a series of privet bushes set behind a brick and wrought iron fence, creating an attractive front faade. The remainder of the plot is bordered by a mixture of hawthorn and blackthorn bushes, almost encompassing the whole property. Electric gates lead off the lane into a large gravelled parking area in front of the detached triple garage. Beyond the parking area lies another area of lawn which wraps around to the side of the main house and encircles an old barn. The barn exists only in part, however offers good scope to renovate and reinstate as ancillary to the main home, or to be taken down and have the garden opened up (subject to planning).

The garden is dotted with numerous trees and bushes, whilst a lean-to store sits at the end of the house. The garage features an electric up and over door with reinforced concrete floor across the 650 sq.ft of space, ample electrical sockets with a timber staircase up to a large loft room with three rooflight windows. The property also features a 40 long brick and blue lias stone built open-fronted barn to one side, a cedar barrel sauna with Harvia stove within and three wells.

What the present owners like about the setting

Since planting most of the boundary hedges nearly 30 years ago, a noticeable variety of wildlife now use the gardens. Owls and other birds of prey are often seen and the spring and summer months start the day with the sound of songbirds. On cloudless evenings the night sky is very visible and light pollution is low. The privacy, wildlife and long summer days due to the landscape is something we have no doubt taken for granted, having lived here for so long.

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

£ 775200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 23750
  • 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

£ 62700
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • 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

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

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