4 bedroom smallholding 307 place of worship for sale

£1,100,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

A delightful smallholding centred upon a modern detached farmhouse (AOC) together with a modern range of adaptable farm buildings and 31.7 acres of productive pasture/arable land.


Neroche Farm offers prospective purchasers the rare opportunity to acquire a modern smallholding with excellent communication links on the outskirts of Ilminster. The property is centred upon a modern farmhouse (subject to an agricultural occupancy condition) and set within generous gardens and grounds, together with a range of modern primarily clear span buildings perfect for housing livestock, fodder and machinery but also have scope for alternative uses subject to the necessary planning consents. In addition is a level block of arable/pasture land contained within a ring fence in all extending to 42.29 acres.

The property is being offered for sale by private treaty as a whole or in up to two lots as follows:

LOT 1 - FARMHOUSE, BUILDINGS AND 31.7 ACRES GUIDE PRICE 1,150,000
The farmhouse appears to date back to the 1980s and is of reconstituted stone elevations under a pitched tiled roof and enjoys oil fired central heating and double glazing throughout. The accommodation extends to just under 2,500 ft2 and comprises two spacious reception rooms connected by a conservatory which takes full advantage of the rural outlook. In addition is a study, kitchen/breakfast room, a utility and office. A door from the utility connects a double garage with storage to the rear. On the first floor are four bedrooms all of which are doubles with the principal bedroom enjoying an ensuite. Although the property has been well maintained it is now somewhat dated and would benefit from a programme of modernisation to bring it up to todays standards, but has the potential to create a fabulous family home.

THE GARDENS
The property is approached via a walled entrance drive which meets the house and provides parking for several vehicles as well as giving access to the garaging. The gardens surround the property on all sides and are predominantly lawned and contained within natural hedgerow boundaries, interspersed with a number of mature trees, shrubs and bushes.

THE FARM BUILDINGS
Benefitting from separate access to the farmhouse the farm buildings lie to the south and comprise a range of modern clear span general purpose sheds of steel framed construction with part block and part timber clad elevations under fibre cement roofs. In all the buildings provide 1,747m2 of accommodation perfect for livestock, machinery or fodder storage. Adjacent to the south is a cattle handling system and the yards are serviced by a number of open hardstanding areas.

The land associated with this lot is level with very little waste and is contained within natural hedgerow boundaries with some mature trees providing shelter for livestock.

SERVICES & OUTGOINGS
Lot 1 - Mains water and electricity . Drainage to a private system (non-compliant). Oil fired central heating.
Council Tax: Somerset CouncilBandC.

WHAT3WORDS:///
Lot 1yours.doubts.storybook
Lot 2poorly.intensely.gain

RIGHTS OF WAY, EASEMENTS, WAYLEAVES ETC
The land, as far as required by the Vendors, will be conveyed, subject to all other public or private rights of way, easements and wayleaves of telegraph and telephone poles, stays and wires, electricity 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).

TENURE & TENANCES
The property is of freehold tenure. The house is vacant with vacant possession available upon completion. The Buildings and land are let on a Farm Business Tenancy until the 30th December .

ADDITIONAL INFORMATION
Broadband: Standard broadband is available highest available download speed 25 Mbps, highest available upload speed 4 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%).

Stewley Cross is situated about a half a mile west of Ashill close to the A358, and surrounded by open countryside. The nearby village of Ashill has a Parish Church, Primary School and Public House. Ilminster is a former market town situated about 12 miles south east of the County Town of Taunton and surrounded by undulating open countryside. A major proportion of the town centre falls within the 'Conservation Area' with many character buildings. The town centre offers a range of shopping facilities and amenities together with schooling at primary and intermediate levels, and churches of various denominations. Ilminster has convenient road access to both the M5, junction 25 to the north-west and to the A303. There are mainline railway stations at Crewkerne 11 miles (London Waterloo) and the county town of Taunton 8 miles (London Paddington). Bath, Bristol and Exeter offer excellent cultural and shopping facilities within easy travelling distance.

Map location is not available for this property.

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

£ 906450

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
    £ 27500
  • 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

£ 81450
  • 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.

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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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