5 bedroom detached for sale

£1,475,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

An adaptable residential holding centred upon a detached 5 bedroom house (AOC), together with an Annexe, extensive range of modern outbuildings and 63.08 Acres of arable and pastureland.


Barton Farm is centred upon an attractive five bedroom farmhouse, together with an attached two bedroom annexe. The house was constructed in 1991, subject to an Agricultural Occupancy Condition and is of red brick elevations under a pitched tiled roof. The accommodation enjoys oil fired central heating, double glazing and cavity wall insulation. In brief the house comprises a large entrance hall with stairs rising to the first floor, a full length dual aspect living room, separate dining room and a large well equipped kitchen/breakfast room. In addition is a study, utility, pantry, downstairs shower room and a boot room which links to the annexe. Upstairs are five generous double bedrooms, two enjoying en-suites and a well equipped family bathroom.

THE ANNEXE
The annexe is a converted garage and offers two bedrooms, an 8m dual aspect living room, kitchen and a family bathroom, perfect for a dependant relative, holiday let or other similar uses. Please note that the annexe is not subject to an Agricultural Occupancy Condition.

THE LAND
The land associated with the property comprises a ring fenced block of mainly arable land and enjoys good road frontage and access. The land in total extends to 63.08 acres as shown on the attached identification plan.

LOTTING
The property is being offered for sale as a whole or in two lots as follows;-
Lot - 1 Barton Farm, annexe, agricultural buildings and 21.47 acres, as shown shaded pink on the attached plan
Guide Price 1,100,000.

Lot - 2 41.61 acres of arable and pasture land as shown shaded green on the attached ID plan Guide Price 375,000.

BASIC PAYMENT SCHEME

The land is eligible for the Basic Payment Scheme. However, there are no entitlements included in the sale. The purchaser will be required to farm in accordance with the Cross Compliance regulations until the end of the scheme year.

SPORTING RIGHTS
We understand are in hand and with the freehold.

RIGHTS OF WAY, EASEMENTS, WAYLEAVES, ETC.
A footpath traverses Lot 2.

TENURE AND TENANCIES
The property is offered with freehold tenure with vacant possession available on completion.


TOWN AND COUNTRY PLANNING
The farm is subject to an Agricultural Occupancy Condition. For the exact details please contact the selling agents.
The wording of the tie is as follows:-
The occupation of the dwelling shall be limited to a person solely or mainly employed or who being no longer employed, was last employed in the locality in agriculture as defied in Section 336(1) of the Town and Country Planning Act 1990 or in forestry (including any resident dependants or a widow or a widower of such a person).

OVERAGE CLAUSE
Lot 2 is subject to a 30 year overage clause which started in 2012 whereby if planning consent is granted, 30% of the increase in value is payable to the original owner. Agricultural, horticultural and equestrian uses are exempt.
It is the Vendors intension to impose an overage clause on Lot 1 and field 3238 whereby if within the next 30 years change of planning consent is granted for commercial or residential use then the Vendors would be entitled to 30% of any resulting uplift in value.

ADDITIONAL INFORMATION
Broadband: ADSLStanard broadband is availablehighest available download speed 15 Mbps, highest available upload speed 1 Mbps. (Openreach).
Mobile Coverage: Available via EE, O2, THREE and VODAFONE. For an indication of specific speeds and supply or coverage in the area we recommend contacting your own provider.
Flooding: The property is in an area at a VERY LOW RISK from River/Sea and Surface Water flooding (defined as the chance of flooding each year as less than 0.1%).

AGENTS NOTES
Some of the photos were taken in 2021.

The property is set within its own land, down a long private driveway within rural surroundings, some two miles from the market town of Bridgwater. An adjacent lane sets the property back from the Minehead Road which gives quick and easy access to the surrounding district. Local facilities and schooling are available in the town of Bridgwater and Cannington College and Brymore Agricultural School are within two miles. The M5 motorway Junctions 23 and 24 are approximately three miles away, facilitating communications north to Bristol and south to the County Town of Taunton and the remainder of the West Country. At Junction 24 there is also Sedgemoor Auction Centre being the largest one day livestock market in Europe.

The house is approached over a long private drive which leads to a car parking and turning area to the side of the house. Here an attractive stone wall divides the gardens which lie adjacent to the house and where a south facing decking area can be found, ideal for alfresco dining and summer entertaining. The front gardens are predominantly lawned with a number of mature shrubs and bushes and to the rear are again lawned gardens contained within a post and rail fence.

THE OUTBUILDINGS
The farmyard is accessed via the same entrance drive as the house and continues past to a complex of principally steel, portal framed agricultural barns of block and GI clad elevations, under fibre cement roofs with concrete standing out yards. The buildings can be more particularly described as follows:-

DUTCH BARN (6.18m x 13.4m) with two lean-tos off either side. (9.1m x 13.4m) and (6m x 13.4m) with a further lean-to to the north elevation (4.8m x 13.4 m).

MACHINERY SHED WITH WORKSHOP (10.1m x 40m) comprising a secure workshop, two fodder clamps/stores and a clear span machinery shed.
COVERED YARD ONE (16.3m x 23.15m) currently used for housing livestock.

COVERED YARD TWO (22.6m x 13.6m) also used for housing livestock with lean-to off (22.6m x 9.2m).
There is also a number of poly tunnels which were formerly used for strawberry production and could be utilised for lambing or calf kennels once they have undergone some repair.

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

£ 1234575

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
    £ 36875
  • 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

£ 128325
  • 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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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
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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Notes

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