3 bedroom detached for sale

£945,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

Folly Farm comprises a delightful, residential farm with detached three bedroom farmhouse together with an adjoining two bedroom annex, a range of versatile modern farm buildings offering agricultural, equestrian or potential development subject to the necessary consents. Extending to approximately 12.45 acres.

LOCATION
Folly Farm occupies a convenient location situatied on the northern outskirts of the village of Yetminster, some 1 mile south of Thornford, approximately 4 miles to the south of Yeovil. The town of Sherborne is approximately 4.5 miles to the north east and Crewkerne is approximately 10 miles to the west. The county town of Dorchester is located 17 miles to the South. All three towns provide a wide range of amenities and good road links.

SITUATION
Folly Farm is accessed directly off the public highway known as Thornford Road. An access track gives secondary access to the rear of the yard and the fields beyond, directly off of Thornford Road. The agricultural land can be accessed through the farm yard together with internal gateways. We understand that parcel ST5911 6017 benefits from secondary access via an adjoining Green Lane, accessed from Thornford Road.

FOLLY FARM (LOT 1)
Folly Farm offers a range of potential end uses, including residential, agricultural or equestrian with longer term potential development of the adjoining land and farm buildings. The Farmhouse is constructed of stone, and the Annexe is constructed from a rendered concrete block cavity wall, beneath a slate roof with an adjoining brick under tile lean to. The Farmhouse comprises; conservatory, kitchen with flag stone floor, wall and base units and Rayburn cooker, dining Room with flag stone floors, sitting room with fireplace with stone surround and wood burner, Pantry , WC/shower room. On the first floor are three double bedrooms and a family bathroom. The Annex comprises; kitchen/dining room, conservatory/cloakroom, WC/ shower room, sitting room, with double doors to outside. The first floor has two double bedrooms along with a family bathroom.

BUILDINGS
Located to the south east of the farmhouse are a range of farm buildings offering agricultural, equestrian or potential development possibilities subject to necessary consents. A concrete yard area adjoins with road
access comprising; Store Shed 12.24m x 5.06m single storey block beneath a corrugated asbestos roof with concrete floor and glazed windows. Store Shed 18.56m x 10.22m single storey steel portal framed, part block and fibre cement roof. Store Shed 8.2m x 5.59m single storey steel portal framed, block beneath a fibre cement roof with concrete floor. Timber Framed Livestock Shed 10.95m x 15.3m timber framed, fibre cement roof, concrete floor.

THE LAND
Lot 1 To the east of the barns and farmhouse are three parcels of level permanent pasture with mains water supplying water troughs on the land. In total the pasture land extends to approx. 12.45 acres. The land is enclosed by mature broadleaf hedgerows and trees with stock proof fencing in part. Lot 2The furthest enclosure (2.86 acres) is accessed across a green lane and is similarly bounded by mature broadleaf hedgerows. The land is level and is currently sown to maize.

LOTTING
Interested parties are invited to discuss alternative proposals with the selling agents with regards to lotting if they so wish.

LOCAL AUTHORITY
Dorset Council, County Hall, Colliton Park, Dorchester, DT1 1XJ. Telephone:


SERVICES
Farmhouse: The farmhouse and annex benefit from a mains water supply and mains electrics with night storage heaters and LPG gas. There is private drainage to a septic tank. Farm Buildings: The land and buildings (in part) benefit from mains water.

FIXTURES AND FITTINGS
All fixtures and fittings are to be excluded from the sale of the site, unless stated otherwise.

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

£ 770825

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 23625
  • 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

£ 62075
  • 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.

£

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

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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.

Notes

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