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£2,250,000 Guide Price
Bedrooms
Bathrooms
A versatile livestock and arable farm occupying a spectacular location in the heart of the Exmoor National Park. In all about 138 Acres. Further land available.
Gupworthy is a highly diverse, productive and well maintained Exmoor Farm with huge opportunity. The main residence sits on the
northern side of the farm with stunning views across the southerly aspect. Approached from a private drive off a minor council road, the traditional property is a wonderful seven bedroom family home providing extensive and spacious accommodation in a protected
setting. The farm currently operates in a traditional upland manner and is capable of supporting a variety of farming enterprises. There is an extensive range of traditional and modern buildings which are predominantly used for the housing of livestock, fodder storage and workshops however could be adapted to suit a wide variety of other uses (some of which could be subject to obtaining the necessary planning consents). The farm would also be suitable for equestrian use with a range of stabling and access to spectacular outriding.
Gupworthy farmhouse is an attractive, five bedroom property in an elevated position within its own land and naturally sheltered from the undulating landscape with accommodation extending to just under 4,000 sq ft in total. The interior of the house has great character, consisting of wooden beams and large fireplaces. The ground floor accommodation comprises an open plan kitchen/breakfast room with four oven, oil fired aga, three reception rooms, a utility, pantry, WC and store. In addition, there is an annexe comprising and open plan kitching/dining/sitting area with a large bathroom perfect for an elderly relative or additional income. On
the first floor, there are seven double bedrooms, one of which ensuite and one family bathroom. There are further utility buildings/stores to the rear of the house which have particular character.
To the front and rear of the property are well established and maintained gardens which are stocked with a wide variety of trees, plants shrubs and bushes providing an abundance of colour
throughout the year.
THE BUILDINGS
There is a superb and extensive range of farm buildings which offer endless potential for farming or non farming enterprises (stp) and have all, for many years, been used strictly for agricultural purposes.
LAND
The land in lot 1 consists of a run of productive level and gently sloping arable and pasture land, divided by wellmaintained fences and hedge banks. The land surrounding the farmstead is down to pasture and used predominantly for grazing and mowing purposes, part of which has successfully grown cereal and fodder crops.
Gupworthy Farm is positioned on the eastern side of Exmoor National Park in an elevated position boasting uninterrupted views across rolling countryside. The farm is located just four
miles from Wheddon Cross, the highest village on Exmoor which has a vibrant community and is a popular tourist destination. Dulverton can be found just 11 miles south and is a town rich
in history offering a whole host of day to day amenities with numerous independent shops, cafs and restaurants. The county town of Taunton and Tiverton are both within striking
distance and offer an extensive range of retail, social and cultural facilities. Exmoor National Park itself has over 680 miles of footpaths and bridleways across its magnificent landscape and is characterised by its rugged and wild scenery and enjoys a wealth of diverse wildlife. The area boasts an abundance of sporting and leisure
opportunities and North Devon offers some of the best sailing, surfing and beaches. Transport links are excellent with easy access to the A396 which links to the A361 link road at Tiverton and the A39 at Dunster. Mainline railway stations can be found at Taunton and Tiverton with daily trains to London in under two hours and Exeter and Bristol International Airports are 43 miles and 58 miles away respectively. There is an array of renowned schools in the area including Blundells School and West Buckland School, both provide private co-ed primary and senior education. There are also a selection of private and public schools in Taunton.
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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