*SOLD* Versatile and well-presented 4 bedroom country house with letting annexe and two popular 2 bedroom holiday letting cottages with a very good income, in rural yet easily accessible setting . Detached studio / work from home office, garage and buildings. Attractive gardens. Countryside views.
In addition we have 2 Solar Arrays which we own and will provide an income of nearly £1900 per annum for the purchaser for the next 19 years. Using this information you can see that income from the property is circa £30,000. This could easily be enhanced by converting the current work studio which could be done for not a great cost. We estimate the studio would likely generate further income of about £4000 per annum as a holiday let. Given the holiday cottages etc are assessed under business rates the value is insufficient to incur a liability so we only pay Council tax on the Farmhouse. There is also a Barn which could be converted into more accommodation and whilst we cannot guarantee planning, as the next property up the road has already completed this conversion a precedent has been set. Again this is something the new owners can look to do in terms of an enhancement.
We understand the apartment could be let on a residential basis for about £600 per calendar month. It has a separate entrance from the Farmhouse so like all our properties Social Distancing' is simple.
We are aware that further land may be available to supplement the curtilage and this would be subject to agreement with the neighbouring farmer with whom we have a good relationship. We have not sought to do this as we now wish to retire and spend more time with our family. We would not wish to leave otherwise. Why leave paradise?
We believe the next owners have the opportunity to build further on what we have done and whilst we have chosen to rent the apartment, it can easily be integrated into the ground floor of the Farmhouse. It is that flexibility which is a major plus here.
Oh and to come to Broadband we have battled BT for many years and now have 155mb fibre available so anyone wanting to work from home will be accommodated without any issue!
Owners Introduction - We bought Downtown Farm 11 years ago with the aim of providing high quality holiday cottages in an area which is both tranquil and allows for the perfect escape from life in towns and cities. We have been successful in this venture as we have many repeat bookings. We always ensure the rental properties are maintained and updated. Magnolia cottage is booked out via Sykes so please visit their website. We have just completed refurbishing the apartment and this is now let via Airbnb. Again this is booked through the remainder of our season in 2020. Martin's Rest is currently being refurnished. All the holiday lets are sold with the current fittings and furnishings so are ready to go' We have bookings into 2021 so an income is assured already.
These bookings are a testament to the work we have put in to establish an enviable track record for quality. This is a fantastic place to live and whilst we are exclusively in a farming environment this is a positive as guests can see sheep and cattle on a walk from the house.
We are away from the road but not isolated or secluded and this completely clean and quiet environment is an essential heart of the property.
We only let properties for 6 months of the year and an approximate rental income is as follows
Magnolia £10,000 Martin's Rest £11,000 Apartment £6,000
Projected income figures:
Magnolia £12,500 Martin'sRest £13,500 Apartment £10,000
This is a total of £36,000 and likely to prove conservative for 2021
The property is situated in a quiet rural location approximately 3.5 miles from the village of St. Giles on the Heath which offers a variety of amenities including post office/store, public house, village hall and primary school. Lifton 3 miles south with access to the A30 leading onto the M5. Launceston 5 miles which offers a variety of individual shops, supermarkets, hospital, medical centre, and a range of recreational and educational facilities. The cities of Exeter 38 miles and Plymouth 30 miles both offer a more comprehensive range of educational, cultural, recreational and shopping facilities.
Downtown farmhouse and cottages are quietly set in the picturesque West Devon countryside. All the properties are presented to a high standard and benefit from uPVC glazing and oil fired central heating.
The charming 4 bedroom 17th century house provides comfortable and flexible family living, incorporating a 1 bedroom self-contained annexe which is ideal for extended family or holiday letting.
Magnolia Cottage is a delightful 2 bedroom holiday cottage providing comfortable accommodation, open plan sitting, kitchen, dining room and 1 double bedroom and 1 family bedroom both with en-suite facilities and comfortably sleeps 5.
Martin's Rest, an appealing 2 bedroom detached holiday cottage providing spacious accommodation with an open plan living room, bathroom, family bedroom, a double bedroom with en-suite shower room and easily sleeps 5.
Mardi's Barn is a detached studio providing an ideal space for a work from home office or potential conversion to further accommodation.
Gardens & Grounds - The attractive gardens and grounds extend to approximately 1.75 acres of lawned gardens with colourful and well stocked flower beds and borders and interspersed with variety of flowering shrubs, trees and a feature pond. At the front of the house and for each cottage is a paved patio ideal for alfresco dining and entertaining. On the upper terrace is kitchen garden with raised beds with gravelled paths, a fruit cage and 2 greenhouses.
Income - The owners only let properties for 6 months of the year and an approximate rental income is as follows
Magnolia £10,000 Martin's Rest £11,000 Apartment £6,000
Projected income figures:
Magnolia £12,500 Martin's Rest £13,500 Apartment £10,000
This is a projected total of £36000 and likely to prove to be conservative figures for 2021 with the popularity of holidaying in the beautiful West Country.
Mardi's Barn - 5.85m x 5.56m (19'2" x 18'3") - Mardi's Barn is detached and is located in the grounds and is ideal as a studio / work room / work from home office
Kitchen: 4.34m x 2.02m (14'3 x 6'8)
Cloak Room: 2.02m x 1.13m (6'8 x 3'8)
uPVC double glazed windows and doors. Wall mounted electric heaters
Buidlings - The buildings have potential for conversion subject to the relevant planning consent
Store - 10.85m x 7.59m (35'7" x 24'11") -
Adjoining Store - 2.68m x 3.87m (8'10" x 12'8") -
Double Garage/Store - 6.74m x 5.72m (22'1" x 18'9") -
Adjoining Single Garage/Workshop - 6.52m x 3.74m (21'5" x 12'3") -
Services - Water Mains
Drainage Private Septic tank & Treatment Plant
Electricity Mains
Telephone BT connection
Broadband Fast Fibre BT connection up to 55mb (faster speeds available)
Heating Oil fired central heating
Council Tax Currently Band D
Renewable Energy Owned Double Solar array currently generating circa £1800 per annum, payments available until 2039
Local Authorities - Torridge District Council, Riverbank House, Bideford, Devon EX39 2QG. Tel: 01237 428700.
Viewing Arrangements - Strictly by appointment with D R Kivell Country Property. Tel: 01822 810810.
Agents Notes: None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Any maps used on the details are to assist identification of the property only & are not an indication of the actual surroundings, which may have changed since the map was printed. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. All figures, measurements, floor plans & maps are for guidance purposes only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute any part of any offer or contract. The property is sold subject to and with the benefit of all outgoings, rights of way, easements & wayleaves there may be, whether mentioned in these general remarks and stipulations or particulars of sale or not.
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