5 bedroom bungalow for sale

£750,000 Guide Price

5

Bedrooms

1

Bathrooms

Floorplan

Situated on the village edge near the North Cornish coast, Velland Farm offers a five-bedroom detached bungalow on 23 acres. With far-reaching views, its a unique lifestyle opportunity or development prospect (subject to planning) near Port Isaac and charming coastal villages.

Situated on the edge of the village and just a short drive from the stunning North Cornish coast, Velland Farm offers a unique opportunity to purchase a five-bedroom detached bungalow set within 23 acres of land. The property enjoys far-reaching views and provides a fantastic lifestyle opportunity with good future development potential, subject to obtaining the necessary planning consents.

The accommodation briefly comprises of a kitchen, dining room, living room, five bedrooms, bathroom and utility room. Externally, the property features a range of outbuildings, garden to the front and rear with five well-sized paddocks.

This property presents significant potential to add value through modernisation of the bungalow and further development or improvement of the outbuildings.

An internal viewing is highly recommended to fully appreciate the scope and potential this unique property offers.

LOCATION
An ideal location for those who enjoy exploring the North Cornish coast, close to popular resorts such as Port Isaac, Polzeath, and Tintagel. A short distance from the property is Trebarwith Strand where you can find a popular public house, great surfing beach, as well as access to the coastal footpath which encompasses much of the county.

Within Delabole itself, there are further public houses, a convenience store, primary school, and a strong sense of community. For more extensive shopping options, Wadebridge town centre is approximately 12 miles away.

Wadebridge, with its array of independent shops, cafes, and restaurants, offers a delightful shopping and social experience. The town is also a gateway to the Camel Trail, a popular cycle path that runs along a disused railway line from Padstow to Bodmin, providing spectacular views of the Cornish countryside and estuary.

ACCOMMODATION

Entrance via glazed obscure wooden door into: -

PORCH
Obscure glazed wooden door into: -

HALLWAY
Access to all rooms. Walk in storage cupboard, loft hatch, fitted carpet and radiator.

KITCHEN
Window to rear elevation. Range of base units with worksurface above and tiled surround. Stainless steel inset sink with mixer tap and drainer. Hob with extractor fan above and integrated eye-level oven. Airing cupboard, fitted carpet and radiator.

CLOAKROOM
Obscure window to side elevation. W.C. and hand wash basin with separate stainless-steel taps and tiled splashback.

UTILITY ROOM
Window to side elevation and door giving access to rear garden. Tiled flooring. Suitable for a variety of uses.

DINING ROOM
Sliding glass doors to side elevation with obscure window and doors into living room. Space for a dining table. Fitted carpet and radiator.

LIVING ROOM
Dual aspect windows to front and side elevation. Space for a range of living room furniture. Fireplace with stone surround, fitted carpet and radiator.

BEDROOM THREE
Window to front elevation. Space for a range of bedroom furniture. Fitted carpet and radiator.

BEDROOM TWO
Window to front elevation. Space for a range of bedroom furniture. Fitted carpet and radiator.

BATHROOM
Obscure window to rear elevation. Bath with stainless steel mixer tap, detachable showerhead and tiled surround, electric shower with detachable showerhead, pedestal wash hand basin with mixer tap and close coupled W.C. Tiled flooring and radiator.

BEDROOM FIVE
Window to rear elevation. Fitted carpet and radiator.

BEDROOM ONE
Dual aspect windows to front and side elevation. Space for a double bed and range of bedroom furniture. Fitted carpet and radiator.

BEDROOM FOUR
Window to side elevation. Fitted carpet and radiator.

OUTSIDE
The property is approached by a private, gated drive from Vell Lane. There are gardens to the front and rear with trees surrounding and well-established shrubs. From here there is access to the five paddocks totalling approximately 23 acres and several large barns with a range of smaller sheds and stores.

THE LAND
Extending to some 23 acres, the land at Velland Farm comprises of an excellent block of level and gently sloping pasture and arable land which has been well fenced and maintained with an access adjoining the field furthest from the property adjacent to the road. There is excellent future development potential in this location subject to obtaining the necessary planning consents.

OUTBUIDLINGS

THE A BARN - 13.8m x 6.2m
Open fronted three bay shed.

MACHINERY SHED - 12.5m x 5.5m
Block built with metal sliding doors.

OLD COW SHED - 17.1m x 5.1m
Block built.

OLD MILKING PARLOUR - 12.8m x 5.5m
Block built.

PIGGERY - 10.6m x 3.5m
Block built and open fronted.

AGENTS NOTE
Please note a small area to the northeast of the existing Title is being retained by the sellers. This has already been excluded from the land plan provided.

SERVICES
Mains water, electricity and drainage. Oil fired central heating.

COUNCIL TAX BAND
C

EPC RATING
E

DIRECTIONS
What3Words: ///installs.games.shameless

VIEWINGS
Please ring to view this property and check availability before incurring travel time/costs. FULL DETAILS OF ALL OUR PROPERTIES ARE AVAILABLE ON OUR WEBSITE

EASEMENTS, WAYLEAVES & RIGHTS OF WAY
The property is offered for sale, subject to and with the benefit of all matters contained in or referred to in the Property and Charges Register of the registered title together with all public or private rights of way, wayleaves, easements and other rights of way, which cross the property.

BOUNDARIES
Any purchaser shall be deemed to have full knowledge of all boundaries and neither vendor nor the vendors agents will be responsible for defining the boundaries or the ownership thereof. Should any dispute arise as to the boundaries or any points on the particulars or plans or the interpretation of them, the question shall be referred to the vendors agent whose decision acting as experts shall be final.

IMPORTANT NOTICE
Kivells, their clients and any joint agents give notice that: -

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Kivells have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Verified Material Information
Council tax band: C
Council tax annual charge: 2082.25 a year (173.52 a month)
Tenure: Freehold
Property type: Bungalow
Property construction: Standard form
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Central heating
Heating features: None
Broadband: FTTP (Fibre to the Premises)
Mobile coverage: O2 - Good, Vodafone - Good, Three - Good, EE - Good
Parking: Garage and Private
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: E
All information is provided without warranty. Contains HM Land Registry data Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.

The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.

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

£ 621450

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
    £ 18750
  • 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

£ 58950
  • 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

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  %

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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