3 bedroom detached for sale

£715,000 Guide Price

3

Bedrooms

1

Bathrooms

A most attractive Residential Smallholding enjoying an outstanding rural position on the edge of the Exmoor National Park comprising a character farmhouse, an adaptable modern agricultural building and productive pasture land. In all about 7.16 Acres (further land available).


A beautifully situated Residential Smallholding enjoying an outstanding rural position on the southern periphery of the renowned Exmoor National Park, exhibiting agricultural and equestrian potential. Attractive character farmhouse and adaptable outbuildings beautifully set within its own pasture land. In all about 7.16 Acres. Further land may be available by negotiation.

Enjoying a superb setting, Slew Farm provides a wonderful escape from the hustle and bustle of everyday life, comprising a most attractive residential smallholding enjoying an outstanding rural position. The property once formed part of the Poltimore Estate and was purchased from the estate in 1920, having now been in the current owners family for over 104 years. This sale thereby affords prospective purchasers an extremely rare opportunity to acquire a most versatile rural property package affording agricultural smallholder and equestrian potential.
The property is centred upon an attractive detached stone and slate roofed traditional barn , which was originally converted in the late 1980s with later additions, creating a charming rural residence providing well proportioned three bedroomed family accommodation. In the yard is a useful and adaptable modern three bay general purpose agricultural building, currently used as a tractor/machinery store. Whilst appealing to those prospective purchasers with agricultural interests, this building may afford potential, subject to obtaining any necessary planning consents, for a variety of alternative uses.
The farmstead enjoys an outstanding position enjoying superb views towards Cussacombe Common and well situated within its own land which comprises traditional pasture. The land is in excellent heart and may be well suited to a variety of agricultural, equestrian, conservation or other amenity uses.
Slew Farm extends to about 7.16 Acres (further land may be available by negotiation).

THE FARMHOUSE
The farmhouse affords well-proportioned family accommodation entered via a welcoming entrance hall with manufactured oak flooring and stairs rising to the first floor. The oak flooring continues through into a well proportioned double aspect sitting room containing a stone fireplace inset with a wood burning stove. A separate dining room, also with oak flooring, enjoys views over the gardens, with a stable door to the outside rear. The kitchen/breakfast room is a particularly attractive feature of the property providing a lovely family space enjoying a double aspect with lots of natural light and a flagstone style floor. There is a good range of light oak fronted base cupboard and drawer units with granite work surfaces and matching wall cupboards. In addition there is an underset ceramic sink with a mixer tap, an inset four ring ceramic hob with an extractor hood over, a built in electric oven and integrated dishwasher. An oil-fired Rayburn stove forms the heart of the kitchen, providing cooking and domestic hot water. The side hall has the same flagstone style flooring with a stable door to outside and a downstairs cloakroom off, whilst the utility room contains a fitted base unit with a stainless steel sink and plumbing for a washing machine. A further door leads out to the rear. A useful office/snug enjoys a double aspect and contains the controls for the solar panels.
On the first floor the stairs rise to a galleried landing with a built-in airing cupboard. The landing serves three good sized double bedrooms, all with built-in storage, and a family bathroom. The accommodation benefits from uPVC double glazing.
For approximate accommodation room dimensions and layout please refer to the enclosed floorplan.

OUTSIDE
The property is approached over a private gated entrance leading into a large gravelled area providing ample car parking and turning. A raised and paved patio adjoins to the front of the farmhouse affording a lovely sitting out area ideal for al fresco dining. The entrance drive is flanked by large gardens, laid mainly to lawn interspersed with a variety of trees and shrubs, and containing a pretty ornamental pond. To the rear of the house steps lead up to a further large garden laid mainly to lawn with gated access out to the adjoining land. A raised earth mound has a ramp leading up to a pretty Summer House/Studio, with glazed double doors and a timber decked veranda. This building has mains power connected and enjoys superb views over the land and unspoilt countryside beyond. Adjoining the rear garden is an enclosed overgrown area once believed to have been used as a kitchen garden. A timber and gi roofed Dog Kennel, with an enclosed outside run, is situated adjacent to the house.

THE FARM BUILDINGS
A continuation of the main entrance drive leads into a further yard area containing an adaptable three bay steel framed and fibre cement roofed Machinery Store/Workshop, approx. 13.7m x 4.6m, part open fronted with profile steel cladding. This building also contains two former timber loose boxes and may afford potential for adaptation to alternative uses, subject to obtaining any necessary planning consent.
The stone wall remains of a former loose house are situated adjacent to a trackway leading from the yard to the adjoining land.

THE LAND
The land comprises the surrounding level and gently undulating productive pasture primarily divided into a number of convenient enclosures enjoying good road frontage and access. Generally well fenced and in excellent heart, the land is currently utilised for thegrazing of livestock and fodder production, although it may be well suited to a variety of smallholder, equestrian or other amenity uses. Slew Farm is offered in about 7.16 Acres as shown shaded on the identification plan. Further adjoining land may be available by separate negotiation.

GENERAL REMARKS

TENURE AND POSSESSION
Freehold with vacant possession available upon completion. The land is unregistered with the Land Registry and will be subject to a first registration application.

SERVICES & OUTGOINGS
The property benefits from mains electricity and water supplies. An array of solar PV panels are situated on the farmhouse. Drainage of the farmhouse to a private system. Please note, the drainage system has not been inspected and prospective purchasers should carry out their own investigations.
Local Council Tax on the farmhouse, Band D, together with the usual service and environmental charges. BT fibre broadband available.

AGRI-ENVIRONMENT SCHEMES & DESIGNATIONS
The land is currently entered into a Mid-Tier Stewardship Agreement which commenced on the 1st January 2024 (Agreement No. 1640358). The agreement relates to revenue payments and capital works and the land will be sold subject to the terms of this agreement. Prospective purchasers should satisfy themselves as to the contents and obligations of this agreement and will covenant to farm in accordance with the management prescriptions. Further details are available from the Agents.
The land lies within a Nitrate Vulnerable Zone and within a Less Favoured Area being classified as Severely Disadvantaged.

SPORTING & MINERAL RIGHTS
The sporting rights across the land, insofar as they are owned, will be included in the freehold sale. The mineral rights are not included in the freehold sale.

IMPORTANT NOTICE
Greenslade Taylor Hunt and their clients give notice that:-
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Greenslade Taylor Hunt has not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
3. We have not made any investigations into the existence or otherwise of any issues concerning pollution of land, air or water contamination and the purchaser is responsible for making their own enquiries in this regard.

ADDITIONAL INFORMATION
Broadband: FFTC - Fibre to the cabinet broadband is available - highest available download speed 76 Mbps, highest available upload speed 15 Mbps. (Based on Openreach data).
Mobile Coverage: Coverage available via EE, Three, O2 and Vodaphone. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider(Based on Ofcom data).
Flooding: The property is in an area at a very low risk of flooding from River/Sea and surface water (defined as the chance of flooding each year as less than 0.1%) (Gov UK data).

FARM PROPERTIES HEALTH & SAFETY NOTICE
All persons wishing to view the property do so entirely at their own risk. Neither the Vendors or their Agents will be held liable for any damage or injury that may occur when interested parties are visiting the property. A smallholding is a potentially hazardous environment and for prospective purchasers own personal safety, please be vigilant when viewing, particularly around the farmyard and in fields containing horses or stock. All persons viewing the property are asked to observe the country code and close all gates.
We would note that it is suspected, although impossible to determine without expert assistance and analysis, that the fibre cement sheets used on the farm building may contain asbestos.

MEASUREMENTS AND OTHER INFORMATION
All measurements are approximate. Any field numbers and areas shown on the attached plan are based on the Ordnance Survey and are for identification purposes only. They do not necessarily correspond either with the National Grid plan numbers or with those produced on the Rural Land Register.
Whilst we endeavour to make our sales particulars as accurate and reliable as possible, if there are any point which is of particular importance to you please contact the office, especially if you are contemplating travelling some distance to view the property. We have not tested any of the equipment, appliances, central heating or services.
Photographs taken 2024
Ref: STM240118

Slew Farm is situated on the southern periphery of the Exmoor National Park enjoying an exceptional setting with wonderful countryside views, affording exceptional opportunities for walking and riding. This attractive and undulating band of countryside consists a predominantly agricultural landscape primarily comprising pasture and arable land interspersed with an abundance of woodland and pretty river valleys.
Despite its peaceful rural position Slew Farm still enjoys easy access to the surrounding districts and further afield. The sought after village of North Molton provides a thriving local community offering a primary school, garage, sports club and popular public house. The bustling North Devon market town of South Molton to the south west provides a good range of local services, including shops, a health centre, recreational facilities, primary and secondary schooling. The larger centre of Barnstaple to the west affords a more extensive range of commercial, educational and recreational facilities befitting those of an important regional centre.
The nearby Exmoor National Park offers 267 square miles of beautiful protected landscape with many foot and bridle paths and the stunning North Devon coastline. To the west are the popular sandy beaches of Instow, Saunton Sands, Croyde Bay, Putsborough and Woolacombe. The property is surrounded by picturesque North Devon countryside providing a wealth of recreational activities including walking, horse riding, cycling, fishing on the rivers Bray, Mole and Taw, hunting, shooting and golf courses at Barnstaple and Tiverton. From South Molton the A361 North Devon Link Road provides easy access to Tiverton and the M5 motorway (J27) with mainline Intercity rail links available at Tiverton Parkway (Paddington approx. 2 hours) and 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

£ 592575

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
    £ 17875
  • 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

£ 56325
  • 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
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  • 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
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    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.

Notes

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