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£1,100,000 Guide Price
Bedrooms
Bathrooms
Situated on the edge of popular Ripe village: A superb opportunity to acquire this Smallholding offering considerable development potential with circa 19 acres of traditional grass fields and paddocks. Church Farm is being offered for sale by private treaty with a range of outbuildings including a two storey Oak-framed Sussex Barn; an attached semi-enclosed, large multi-purpose corrugated sheeting covered yard and a dilapidated brick and tile roofed cowshed dating back to the 19th century - all requiring renovation and refurbishment, subject to obtaining the necessary Planning consents. With the inclusion of an outdoor man"ge, this property is ideally suited to equestrian usage. It should be noted that this property is subject to a traditional agricultural occupancy condition (AOC).
Situated on the edge of popular Ripe village: A superb opportunity to acquire this Smallholding offering considerable development potential with circa 19 acres of traditional grass fields and paddocks. Church Farm is being offered for sale by private treaty with a range of outbuildings including a two storey Oak-framed Sussex Barn; an attached semi-enclosed, large multi-purpose corrugated sheeting covered yard and a dilapidated brick and tile roofed cowshed dating back to the 19th century - all requiring renovation and refurbishment, subject to obtaining the necessary Planning consents. With the inclusion of an outdoor man"ge, this property is ideally suited to equestrian usage. It should be noted that this property is subject to a traditional agricultural occupancy condition (AOC).
Church Farm is a three bedroom brick built house under a tiled roof, built in the 1950s with a later addition in the 1980s. In need of modernisation, the accommodation currently comprises panel glazed Front Door into Hall with understairs storage cupboard with fitted floor safe; double aspect Sitting Room with double glazed patio doors onto East-facing garden, feature brick-built open fireplace with quarry tiled mantel; double aspect Dining Room with feature brick-built open fireplace, door through to large double aspect Kitchen/Breakfast Room with range of fitted cupboards and work surface over, space for under counter fridge, electric double-oven Aga, wall mounted meter cupboard, tiled floor. Door through to Rear Lobby with space and plumbing for washing machine, door to side garden; Shower Room with walk-in panelled shower, low level WC, wall mounted hand wash basin; Study with double aspect.
Staircase to First Floor Landing with airing cupboard housing hot water boiler, access to fully boarded and part insulated loft space with fitted loft ladder and electric light; double aspect Bedroom 1 with feature open fireplace with brick surround, under-eaves walk-in wardrobe; double aspect Bedroom 2; Bedroom 3 with access to under-eaves storage space; Family Bathroom with coloured suite comprising panel bath with shower over, pedestal hand wash basin, low level WC, heated towel rail.
Mains water and electricity. Mains drainage. Electric radiators and storage heaters. Solar panels supplying hot water and electricity. Double glazing throughout. Wealden District Council Tax Band F.
Outside:
At present, the property is approached via a shared Yard, giving a right of access in perpetuity to Church Farm, its outbuildings, man"ge, dew pond and pastures. A five bar gate leading off the Yard provides a private entry to the house and Sussex Barn via a driveway with parking for two vehicles. Beyond the drive is a paved patio area with a greenhouse and dog kennel. A path along the side of the house connects to the front door and to a small pedestrian iron garden gate for access to/from Church Lane. The majority of the garden is to the East of the property and is laid to lawn with post and rail fencing and mature planting to the borders. Beyond the enclosed garden is a field with a five-bar iron gate providing alternative off-road vehicular access from Church Lane across the field to the man"ge, outbuildings and the pastures running to the East and North of the property. These pastures have been split into good sized paddocks, some with mains-fed water drinking tanks.
Wayleaves Easements and Rights of Way: This property is being sold subject to and with the benefit of all rights including public and private rights of way, light, support, drainage, water and electricity supplies and other rights and obligations, easements and quasi-easements and restrictive covenants and all existing and proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not.
Directions:
Kitchen - 4.42 x 2.78 (146' x 91') -
Breakfast Room - 6.71 x 2.52 (220' x 83') -
Sitting Room - 5.40 x 3.65 (178' x 1111') -
Dining Room - 3.76 x 2.75 (124' x 90') -
Study/Office - 2.81 x 1.92 (92' x 63') -
Bedroom 1 - 5.42 x 3.64 (179' x 1111') -
Bedroom 2 - 3.81 x 2.52 (125' x 83') -
Bedroom 3 - 3.71 x 2.76 (122' x 90') -
Bathroom -
Shower Room (Gf) -
Timber-Framed Sussex Barn -
Dilapidated Cow Shed -
Man"ge -
Circa 19 Acres Of Pasture & Paddocks -
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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