4 bedroom detached for sale

£3,000,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Lot 1 Manor Farm presents a versatile agricultural investment
opportunity comprising a modern farmhouse (subject to an
Agricultural Occupancy Condition), range of dairy and modern
farm buildings, productive pasture and arable land subject to an
Agricultural Holdings 1986 tenancy. In total Manor Farm extends
to 320.77acres (129.81ha) or thereabouts, as shown edged red
on the site plan.


SITUATION
Sandford Orcas is a sought after residential village comprising a number of period village properties, popular pub, village hall and church. The farmstead is situated to the north of the village some 0.4 miles from the village centre and lies approximately 3 miles north of the town of Sherborne and approximately 5 miles north east of the town of Yeovil. Both centres offer an extensive range of shopping facilities, amenities and main line rail links to London Waterloo. The A303 is linked some 3 miles north west(Sparkford) providing links to the South West via M5 and London Home Counties via M3.

DESCRIPTION
The property presents a versatile agricultural investment opportunity comprising a modern farmhouse (subject to an Agricultural Occupancy Condition), range of dairy and modern farm buildings, productive pasture and arable land subject to an Agricultural Holdings 1986 tenancy. In total Manor Farm extends to 320.77acres (129.81ha) or thereabouts, as shown edged redon the site plan.

LOT 1 MANOR FARM, SANDFORD ORCAS
(as shown edged red on the site plan)
FARMHOUSE
The detached farmhouse is constructed of reconstituted stone beneath tailed roof, with double glazed windows throughout. The accommodation is set out on the attached floor plans and briefly comprises; Hallway, Living Room, Dining Room, Kitchen, Rear Hallway, Shower room. On the first floor; Landing, Bedrooms x4 and Bathroom.

OUTSIDE
The property is approached over a gravel driveway leading to gravel parking and turning area with Double Garage constructed of reconstituted stone beneath a tiled roof. There is a good sized garden surround currently laid to lawn bounded by post and rail fencing and hedgerow along the roadside and containing a small number of mature broadleaf and coniferous trees. The property adjoins open farmland to the south, east and north, and the lane to the west.

FARM BUILDINGS
The farm buildings are accessed from the council lane over a sloping yard area, part concrete, comprising a range of modern dairy livestock and general purpose buildings comprising;
Fodder Barn 22.3m x 13.6m
3 Bay Livestock Barn 7.41m x 4.6m
Covered Yard 18.12m x 16.02m
Dairy & Parlour Housing bulk tank, 20x20 parlour
Silage Barn 23.5m x 4.22m
Monopitch Calf Pen 8.94m x 4.28m

LAND
The land is located in 10 separate parcels and comprises undulating and sloping pasture and arable land with good access as set out below. The fields are generally of a good commercial size and bounded by stockproof fencing and traditional broadleaf hedgerows. The main parcel of land adjoins the farmstead of Manor Farm to the south and east and comprises sloping and undulating permanent pasture land. The parcel located to the western side of the Sandford Orcas Road comprises a smaller area of permanent pasture adjoining the stream with two larger enclosures of sloping temporary pasture Located to the south of the village centre either side of the village are two separate parcels of sloping and undulating temporary pasture and arable land. The southwestern block is more fragmented with parts accesses from the council land and part via an adopted green lane. The majority is in temporary pasture and arable with two smaller parcels of permanent pasture. The land is classified as Grade 3. In total Manor Farm extends to 320.77 acres (129.81ha) or thereabouts, as shown edged red on the site plan.

RIGHTS OF WAY, EASEMENTS, WAYLEAVE ETC
There are a number of public footpaths which traverse the land. Other than this we are not aware of any rights of way over the land and
the property is sold as far as required by the vendor and will be conveyed subject to all rights of way, easements and way leaves of telegraphs poles, drains and wires, electric pylons 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 AND POSSESION
The land is of freehold tenure subject to the following tenancies;
Lot 1 - Manor Farm - 327 acres (132 ha) is occupied under an Agricultural Holdings Tenancy Agreement dated 29th October 1987. We understand the rent was last reviewed with effect from 29th September 2023. The new rent recorded was 25,750 per annum

SERVICES
Lot 1 Manor Farm
Farmhouse: Mains water, mains electricity and private drainage.
Farm Buildings: mains electricity (3 phase) and water
Land: Mains water

METHOD OF SALE
The property will be offered for sale by private treaty in five lots or as a whole.

OUTGOINGS
Dorset Council Tax Band F.

COVENANTS & RESTICTIONS
There are no overage provisions included within the sale.

AGRI - ENVIRONMENTAL LAND SCHEMES
We understand that parts of the estate (contained within Lots 1 and 3) are currently entered into a Countryside Stewardship Mid-Tier Scheme. Further details from the selling agents. Other than this, we are not aware of any other Sustainable Farming Incentive, or other Environmental Land Management Schemes. As a result, prospective purchasers are free to enter the land into a scheme should this be of interest.

DESIGNATIONS
We are not aware of any other designations affecting the 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

£ 2598950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 75000
  • 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

£ 348950
  • 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

£
  • 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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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