4 bedroom detached for sale

£1,125,000 Guide Price

4

Bedrooms

3

Bathrooms

Floorplan

A delightful residential small holding centred upon a modern detached farmhouse, range of modern farm buildings and 14.95 acres of productive pastureland. Available as a whole or in four lots.


Wishful Farm was previously run as a bull testing centre and when the current owners retired they have let the land and buildings on an annual licence. The vendors have now decided to downsize and the property comes to the market for the first time since 1986. The property is centred upon a modern farmhouse, together with a number of modern and adaptable farm buildings which could have a number of alternative use potential, subject to obtaining the necessary planning consents. The property is ideally suited to those with agricultural, equestrian or other similar uses in mind and is being offered for sale as a whole or in up to four lots as follows:-

PENCOMBE HOUSE AND GARDENS - GUIDE PRICE 700,000
(Shown shaded red on the attached identification plan).

The house was constructed in 1989/90 of reconstituted stone elevations under a pitched tiled roof and enjoys double glazed windows and Calor gas central heating throughout. The accommodation which extends to just under 2500sq ft briefly comprises an entrance porch which leads to a hallway which gives access to an attached double garage and home office. A fabulous open plan kitchen/breakfast room enjoys a northerly aspect and a door off gives access to the rear hall where a shower room and W.C. is present. The main reception rooms are to the south where a spacious dining room can be found with a conservatory. An opening flows from the dining room through to a triple aspect living room with fireplace. Upstairs is an impressive 20ft long triple aspect principal bedroom with fitted wardrobes and a jack and jill en-suite which also serves bedroom two. There are two further double bedrooms. All bedrooms either have a triple or double aspect. A generous family shower room completes the accommodation.

To fully appreciate the size and position of this superb family house a viewing is highly recommended.

LOT 2 - MODERN FARM BUILDINGS AND 3.04 ACRES GUIDE PRICE 250,000
(Shown shaded blue on the attached identification plan).
Located to the north of lot 1 this lot enjoys its own access via a concrete driveway and comprises a modern range of steel framed buildings which can be further described as follows:-

7 BAY GENERAL PURPOSE BARN (32m x 7.17m) of steel framed construction with block and clad elevations under a fibre cement roof currently containing an office, W.C., secure storage and an open fronted fodder store.

COVERED YARD (22.8m x 10.3m) of steel framed construction with timber clad elevations under a fibre cement roof.

FODDER BARN (22.8m x 10.7m) of steel framed construction under a fibre cement roof.

LEAN-TO (22.8m x 10.3m) of steel frame construction with concrete floor fitted with livestock pens. The land associated with this lot lies to the north and comprises a single enclosure of level pastureland.

LOT 3 - PRODUCTIVE PASTURELAND AND LIVESTOCK SHELTER 5.32 ACRES GUIDE PRICE 100,000.
(Shown shaded purple on the attached identification plan).
This lot comprises a single enclosure of gently sloping pastureland, together with a 5 bay open fronted livestock building of block elevations under a mono pitched fibre cement roof on a concrete pad. This lot is ideally suited to those with agricultural or equestrian uses in mind and enjoys separate road access.

LOT 4 - PASTURELAND 6.12 ACRES GUIDE PRICE 75,000.
(Shown shaded yellow on the attached identification plan).
Three enclosures of productive pastureland with good road frontage and access, ideally suited to those with agricultural or equestrian purposes.

SERVICES & OUTGOINGS
Lot 1. Mains electric and water.
Drainage to a private septic tank. (We understand to be compliant). Calor gas central heating.
Lot 2. Main electric and water
Lot 3. water trough
Lot 4. No services connected.

Council Tax: Somerset CouncilBandF

PUBLIC RIGHTS OF WAY
There are no footpaths that traverse the land. The land, as far as required by the Vendor, will be conveyed, subject to all public or private rights of way, easements, and wayleaves of telegraph and telephone poles, stays and wires, electric pylons, poles and cables, water and gas pipes at present erected on and passing over or under the property and subject to the agreements affecting the same (if any).

ADDITIONAL INFORMATION
Broadband: Standard broadband is availablehighest available download speed 27 Mbps, highest available upload speed 6 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%).

The property is situated on the southern outskirts of the village of West Buckland, some 3 miles from the town of Wellington where a good range of facilities include both primary and secondary schooling, including Wellington sports centre. Taunton, the County Town, is some 4 miles to the east where representation by most National retailers will be found together with a mainline rail link to London Paddington, three further independent schools, sixth form college and major hospital. The M5 may be joined at Junction 26 about 1 mile from the property. West Buckland lies at the foot of the Blackdown Hills which are designed as a national landscape and where many fine footpaths are available.

The property is set back from the country lane and is approached via a gated drive which provides ample parking and gives access to the attached double garage. Lawned gardens surround on three sides, interspersed with a number a mature trees, shrubs and bushes and a sun terrace adjoins the southern elevation taking full advantage of the views towards the Blackdown Hills, perfect for alfresco dining and summer entertaining.

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

£ 928325

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
    £ 28125
  • 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

£ 84575
  • 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.

£

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.

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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