
Location
The site stands in an enviable position within the village and enjoys a pleasant outlook across Main Street towards the village Church at the front, and open countryside views to the North. Wetwang is a conveniently located village standing on the A166 Driffield to York main road and offers a good range of local amenities including a public house, fish and chip shop, doctors surgery, modern Village Hall, and a primary school. The village is conveniently placed for access to the towns of Driffield, Malton, Beverley, and Pocklington as well as the Cities of York and Hull.
Planning
Full Planning Consent under ref: 22/03696/PLF for the conversion of existing barns to create two dwellings and the erection of seven new dwellings with a new access and footpath link following the demolition of the existing agricultural buildings was approved by East Riding of Yorkshire Council on the 18th August 2023. A copy of the Notice of Decision and plans can be obtained from the planning department's public access website using the reference number given above. https://newplanningaccess.eastriding.gov.uk/newplanningaccess/. Plans that have been reproduced within this brochure are for illustration purposes and are not to scale.
Walnut Tree Farmhouse
This traditional brick and tile farmhouse offers substantial accommodation that is in need of a comprehensive programme of modernisation.
The existing accommodation comprises:
Ground Floor
Entrance hall, Living Room, Sitting Room, Dining Room, Pantry, Larder, Kitchen.
First Floor
Landing Four double bedrooms (one approached from a second staircase), Bathroom.
Outside
Domestic outbuildings including a wash house & WC. A single-storey outbuilding also adjoins the farmhouse at the Eastern end and this also offers potential for conversion to provide additional accommodation.
Part of one of the two-storey traditional barn with permission for conversion to a dwelling is also designated to be included with the farmhouse and this building offers further scope to extend the accommodation or to create annexe accommodation (subject to planning consent).
The property enjoys two access points off Main Street giving the opportunity to provide off-street parking for several cars.
Development Site
The approved planning consent includes the conversion of two former agricultural barns to create one semi-detached, two/three bedroom dwelling and one detached three/four bedroom dwelling along with a pair of two-bedroom semi-detached houses, three, three-bedroom detached houses and two three/four bedroom detached houses.
Steel Framed Building
The substantial steel portal-framed building covering the foldyard is to be removed and retained by the vendors. The building will be removed within three months of receiving notification of the discharge of planning conditions. The purchasers will be responsible for notifying the vendors when the planning conditions have been discharged.
Services
Method of Sale
The property is for sale as a whole by Private Treaty. Interested parties should register their interest with Dee Atkinson and Harrison to be kept informed as to how the sale will be concluded. The Seller reserves the right to complete a sale by any other means at their discretion.
Tenure and Possession
The property is for sale freehold with vacant possession on completion.
Restrictive Covenant
The property will be sold subject to a restrictive covenant in favour of the vendor, restricting the purchasers and their successors in title from being able to deviate from the approved planning consent without the vendor's express permission (permission not to be unreasonably withheld).
Contaminated Land
The Seller is not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The Seller 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.
Plans, Areas & Schedules
The plans included within these particulars show a small area of land at the North East corner of the site (cross-hatched in orange) that will be retained by the vendors and leased to the purchaser at a peppercorn rent.
The plans provided in these sale particulars are for guidance only. It is the responsibility of the Purchaser(s)(s) to verify the boundaries and area of the property before completing a sale.
Easements Wayleaves & Rights
The property is sold with the benefit of all granted rights of way, water drainage, water courses, support, electricity supplies, light, other easements or quasi-easements and restrictive covenants and all existing or proposed wayleaves for electricity, drainage, water, gas and any other pipes whether shown on the plan or indicated in these particulars or not and without any obligations to define the same respectively.
Local Authority
East Riding of Yorkshire Council, County Hall, Cross Street, Beverley, HU17 9BA Tel: 01482 393939
Guide Price
Offers in the region of £800,000
Registration of Interest
Interested parties are required to register their interest with Dee Atkinson and Harrison in order to be kept informed as to how the sale will be concluded.
Viewings
Strictly by appointment only through Dee Atkinson and Harrison 01377 241919
Health and Safety
Please note that the site comprises a redundant farmstead with hazards and no access is permitted without permission from the agents.
Further Information
Dee Atkinson & Harrison: Contact: T: 01377 241919 Simon Dee MRICS MARLA E: simon@dee-atkinson-harrison.co.uk. Details prepared: October 2023
Tenure : Freehold
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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