This 4-bed bungalow farmhouse smallholding for sale is a great opportunity for a family wanting to bring a dated livestock farm back into modern operation.
The property is generally described as being in good condition but in need of a little modernisation.
The bungalow farmhouse residence was built around 25 years ago.
(This investment prospect is open only subject to an Agricultural Occupancy Restriction.)
There are 4 bedrooms (1 master with ensuite) and a family bathroom. Again, this would be an advantageous set-up for a young family.
There is panelled radiator heating throughout and a fireplace in the living room (gas-fuelled).
Adjacent to the bungalow is a double garage and a lean-to store. Lawned gardens also sit beside the property.
The farm buildings are plentiful and diverse, ranging from a traditional stone barn with driveway to implement stores, covered yards, shed, stables and milking parlours, plus more…
…effectively there are MORE THAN sufficient outbuildings to supply the needs of a livestock farm of this size.
The land forms an ‘L’ shaped course surrounding the property, the bungalow being positioned in the corner angle.
7 plots in total comprise the smallholding spanning some 50+ acres with roadside frontage along the entire length.
The land is mostly pasture and naturally fertile clay loam. (It could also be converted into arable)
The ‘hook’ of the ‘L’ shape cups a neighbouring campsite which has an interconnecting track leading to the bungalow.
What could it be used for?
The property is a livestock farm and is without any existing consents for change of use.
However, there is this development uplift clause within the small print.
The clause entitles the vendor to receiving money from the buyer if there is an increase in property value, usually within 25 years of the transaction.
The vendor can in some cases receive as much as 50% of the uplift upon the granting of planning consent.
In many cases such as clause can outstrip the potential benefit on offer to the buyer – and if ‘seen late’, can really scupper the value of the investment.
In which case, this property is probably best acquiring for continuing as a livestock farm – subject to modernising the buildings.