Equestrian for sale

£175,000 Guide Price

DESCRIPTION A useful block of pasture and native woodland, extending to 8.97 acres ( 3.6 hectares), which slopes down to the Kester Brook, a small stream providing the boundary to the lower part of the land.

The land is free draining and predominately bordered by a Devon hedge bank to the roadside. Access is directly from the highway though a five bar gate. The property is surrounded by farmland and yet is within a short distance to both Newton Abbot, Ashburton and the A38 Devon expressway.

There is also a Certificate of existing lawfulness for siting and day use of the static caravan which sits adjacent to the Kester Brook and woodland - 22/01486/CLDE. Further information can be obtained from the sole agents.

The land has planning permission for the erection of an Agricultural Storage Building under Planning Permission 22/00054FUL and ground works have commenced to include footing and mounting plates insitu - a link to the application and approval notice can be accessed below:



NB The Purchaser will be responsible for erecting a stock proof fence on the field boundary of the land within 60 days of completion.

AGENTS NOTE - There is an option to purchase, in addition to the land being offered, two stables and a tack room. These are constructed of block and render and benefit from power and light via a wind turbine as well as an oil fired stove in the tack room. The stables are situated in a former quarry and enjoy a sheltered position with a hard standing area to the front. .
Also included within this extra parcel of land is a timber store shed and a non-running horsebox which will be left on the land by the current seller.



SITUATION The land is conveniently located and in elevated position within the district of Teignbridge. The land benefits from being in a rural location but close to both Newton Abbot and Ashburton, with all of their associated amenities. The A38 Devon expressway lies just over 6 miles to the West with links to Plymouth, Exeter and beyond.

SERVICES Water - There is a spring water supply to the land.
Electric - There is currently no electric supply to the land.

TENURE The land is being offered for sale on a freehold basis with vacant possession on completion. Please note the sale of the land forms part of the land registered under Title Deed DN524216. Please refer to the land plan.

LOCAL AUTHORITY Teignbridge District Council, Ford House, Brunel Road, Newton Abbot, TQ12 4XX Telephone: ,

DIRECTIONS What3Words:deleting.whites.logbook


VIEWINGS Please telephone us prior to visiting the land to confirm your interest and to check that it is still available for sale. If there are important matters which are likely to effect to your decision to buy please contact us prior to viewing the land. We advise you check availability and make an appointment to view before travelling. Prior to a sale being agreed and solicitors instructed prospective purchasers will be required to produce identification documents to comply with Money Laundering Regulations.

Please take care as the land is steep in parts and there are horses and livestock grazing freely.



PLANS, AREAS AND BOUNDARIES Any representation by the owner or agent is indicative only and should not be relied upon without clarification from a legal advisor.

The information contained with in these particulars is produced for the convenience of prospective purchasers and their accuracy is therefore in no way guaranteed. The plan included within these sales particulars has been taken from the ordinance survey and is for identification purposes only. Please note the plan is not to scale.

The purchaser will be deemed to have satisfied themselves as to the quantity, quality and otherwise any other error, omission or miss statement shall not annul the sale no entitle either party to compensation no in any circumstances give grounds for any action at law.

WAYLEAVES, EASEMENTS AND RIGHTS OF WAY The property is sold subject to and with the benefit of all rights of way, whether public or private, light, support, drainage, water and electricity supplies and other rights and obligations, restrictive covenants, easements and all wayleaves for masts, pylons, poles, stays, cables, drains, water and gas and other pipes were referred to in these particulars of not and subject to all outgoings or charges connected with or chargeable upon the property whether mentioned in these particulars or not.

There are no public rights of way over the property.

BASIC PAYMENTS SCHEME There are no basic payment scheme entitlements included with the sale of the land.

SPORTING, TIMBER AND MINERAL RIGHTS All sporting, timber and mineral rights are included in the freehold sale, in so far as they are owned.


GENERALLY Sawdye and Harris for themselves and for the vendors of this property, whose agents they are give notice that: -
1. The particulars do not constitute an offer of a contract or any part of an offer of a contract.
2. All statements contained within these particulars as to the property are made without responsibility on the part of the agents or of the Vendors.
3. None of the statements contained in these particulars as the property are to be relied upon as statements or representation of fact.
4. Any intending purchaser must satisfy him/her/themselves by inspecting or otherwise as to the correctness of each of the statement contained in these particulars.
5. The vendor does not make or give and neither the agents nor any person in their employment has any authority to make or give any representation or warranty in relation to the property.

PLANNING Prospective purchasers are to make their own enquiries of the local planning authority for alternative uses.

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

£ 138325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 4375
  • 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

£ 7075
  • 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.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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  • 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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