4.20 Acres (1.70 hectares) or thereabouts, amenity grassland, together with a timber framed stable block. Guide price £30,000 - £40,000
Tenure : Freehold
Description
The land comprises a single parcel of permanent grassland extending to 4.20 acres (1.70 hectares), together with a timber framed stable block which is conveniently located close to the village of Ulrome.
Access
The land is situated to the west end of Ulrome village, adjacent to the Old Vicarage and benefits from its own gated access on to Main Street.
Method of Sale
The land is for sale by Private Treaty
Tenure & Possession
The land is for sale freehold with vacant possession available upon completion.
Basic Payment Scheme
The land is not registered for the Basic Payment Scheme.
Sporting and Mineral Rights
The sporting rights are in hand and included in the sale so far as they are owned. The mineral rights are to be excluded from the sale.
Services
There are no services connected to the land
Plans, Areas and Schedules
The areas detailed are based on Ordnance Survey. All areas are subject to verification.
Easements, Wayleaves & Rights of Way
The land is sold with the benefit of all the accustomed or granted rights of way, water, support, drainage, electricity supplies, light, or other easements, or quasi easements and restrictive covenants and all existing or proposed wayleaves for electricity, drainage, water, gas and other pipes whether shown on the plan or indicated in these particulars or not and without any obligations to define the same respectively.
Overage Clause
The land will be subject to an overage clause whereby the vendors or their successors in title will receive 25% of any uplift in value arising as a result of obtaining planning consent for a change of use to residential/commercial/retail and effecting such consents for a period of 50 years from the date of completion of contracts.
Contaminated Land
The Vendor is not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The Vendor does not give any guarantee in this respect and advises the Purchaser(s) to make such enquiries and investigations, which may be necessary to satisfy themselves that none of this land is so filled.
VAT
In the event that the sale of the property or any part of it or any right attached to it becomes chargeable for the purposes of VAT, such tax will be payable in addition to the purchase price.
Viewing & Further Information
Viewings of the land can be arranged with Dee Atkinson & Harrison. For further information please contact Georgina Watson: Email Georgina@dee-atkinson-harrison.co.uk, Telephone 01377 253151
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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