3 bedroom farm house for sale

£1,250,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

Just outside of the West Devon village of Exbourne is Tor Down Farm, set in its own land of approx. 62 acres, its a farm holding with stunning views across to Dartmoor and a lot of potential. The farm has been in the current family for over 40 years and is now being sold in the hope its retained as a small farm. The main farmhouse dates back to the 18th Century although most of the original house has been rebuilt over the years. Attached to the back of the house is a 1 bedroom annexe which could be enlarged if the garage was incorporated so it certainly would suit multi-generational living. Adjacent to the house is a collection of barns including workshops and larger open fronted barns. These would suit a multitude of uses depending on how a new owner wanted to utilise them. The land surrounds the house and barns and its accessed via its own track from the country lane.

The House and Annexe

With south facing views over the fields below and out to Dartmoor, the house occupies an elevated and prominent position approx. 1 mile from Exbourne village. The main house is detached with 3 bedrooms with a ground floor consisting of a kitchen/dining room, separate living room and additional dining room on the ground floor, all with south facing windows and views and then the 3 bedrooms and bathroom on the first floor, again with south facing windows. Theres LPG fired central heating (tank behind the garage) and uPVC double glazing. The house would benefit from some improvements but offers great space and a lot of potential. As its not listed and subject to planning, the house could be enlarged and improved. To the rear of the house is a covered passage and this links to the annexe. Laid out as a 1 bedroom annexe with a shower room and kitchen, it could be extended into the garage space to give a bigger annexe or indeed, use the rooms as a utility and office for the main house, plenty of options exist. There is parking and gardens surrounding the house. The gardens, house and field behind amount to approximately 5 acres.

The Barns

Of various ages and styles, the barns are accessed from a continuation of the access track which currently runs in front of the house and gives access to the barns and yard area. There are open fronted barns and secure stores, as well as garage/workshop space. Its a great set-up. Theres hardstanding yard space too with room for further buildings.

The Land

In total, the farm extends to approx. 62 acres which includes the house and farm buildings. The buildings sit in the middle of the land which slopes to the south, down to a stream at the bottom. Rural payment information is available on request.

Agents Notes:

There is a public footpath across the lower fields which runs up behind the barns (away from the house) its rarely used but buyers should be aware.

There are some wells on the property but these arent currently in use.

Some solar panels were installed but not connected so these are included in the sale.

The barns may be subject to an uplift should planning permission be gained for residential use to be confirmed.

Should a buyer wish to use a residential mortgage, the house could be bought with approx 5 acres and the barns and fields on a separate title subject to negotiations.

Please see the floorplan for room sizes.

Current Council Tax: Band E West Devon 2024/25- 2934.22

Approx Age: part 1800s but most was rebuilt later using block

Construction Notes: Part cob and modern cavity extensions

Utilities: Mains electric, bore hole and mains water, telephone & broadband

Broadband within this postcode: Up to 60Mbps (Uswitch using postcode/property search)

Drainage: Private (Septic tank)

Heating: Wood burner with back boiler and central heating

Listed: No

Conservation Area: No

Tenure: Freehold

Buyers Compliance Fee Notice - Please note that a compliance check fee of 25 (inc. VAT) per person is payable once your offer is accepted. This non-refundable fee covers essential ID verification and anti-money laundering checks, as required by law.

The property is situated in the heart of the beautiful, rolling Devon countryside to the north of Okehampton, between Exbourne and Broadwood Kelly and with direct views to Dartmoor. Also nearby is the New Inn at Sampford Courtenay which serves up some delicious food Exbourne has a community shop/cafe, pub, primary school, garage and church and a full range of local amenities are available in the town of Okehampton, including a secondary school, cinema, leisure centre, a fantastic medical centre and a Waitrose store. A recently opened railway station also links to Exeter which is a great benefit. There are private schools in the area at Tavistock and Exeter. Within easy reach to the south is Dartmoor National Park, renowned for its spectacular scenery and providing many opportunities locally for walking, riding and fishing and Exeter with rail links to London and its international airport.

DIRECTIONS

For sat-nav use EX20 3QU and the What3Words address is ///harmlessly.amps.look


EPC Rating: F

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

£ 1037700

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
    £ 31250
  • 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

£ 100200
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message