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£110,000
Bedrooms
For Sale By Informal Tender: Development plot with now expired outline planning (17/00918/OUT) for the erection of a detached 4-bedroom house with associated parking. Tenders close 12:00 30th June 2025
DESCRIPTION
The sale of this former car park for Curry Rivels historic King William Pub (now a private residence) presents a rare opportunity to acquire a centrally located plot with strong development potential. Previously granted outline planning permission (now expired 5th October 2021) for the erection of a detached 4-bedroom dwelling with off-road parking, the site offers a footprint of just under 0.1 acres, space for 34 vehicles, and the potential for a south-west facing private garden. The expired approval sets a clear precedent for future planning.
SERVICES & OUTGOINGS
Mains electric, drainage and water would all need to be established, with connections available in the immediate vicinity. Council Tax: Estimated Somerset Council Tax Band: D.
ADDITIONAL INFORMATION
Broadband: Superfast broadband is availablehighest estimated download speed 65 Mbps; highest upload speed 16 Mbps (Ofcom). Mobile Coverage: Available via EE, O2, Three and Vodafone, although this may be limited. We recommend contacting your own provider.Flooding: The property is in an area at no risk from flooding
AGENTS NOTE
The proposed property will benefit from a right of access over the parking and access area for King William House (highlighted on the above plans). Please submit any and all bids for the plot via email or in writing (tender forms available) to residential. by the tender due date of 12:00 June 30th 2025. No bids will be accepted after this time. When submitting your bid, please ensure to include any information and necessary evidence with regards to funding. If you have any questions regarding the tender process the please call the office on .
SITUATION
The attractive village of Curry Rivel offers local facilities including garage with post office, One-Stop store, popular gastro-pub, primary school and parish church. A wider range of facilities are available in the market town of Langport (2 miles), including many shops, supermarket, post office, doctors and dentists surgeries, veterinary surgery, library, along with Huish Episcopi Academy & Sixth Form with adjoining sports centre. The county town of Taunton is 10 miles distant, with a comprehensive range of retail, recreational and commercial facilities, in addition to rail connections and M5 access. Other larger towns of Bridgwater, Yeovil, Ilminster, Street and Glastonbury are each within a half hours drive.
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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