
We are delighted to offer to the market this substantial farmhouse together with a 3.56 acre paddock that will appeal to buyers with equestrian interests and anyone looking for a renovation project. The Farmhouse benefits from PVCu double-glazing to most windows and LPG central heating, however, it would now benefit from a programme of modernisation and improvement and has the potential to create an impressive family home. Planning consent has been obtained for alterations to the existing building including the conversion of an adjoining barn to create a fabulous new kitchen and alterations to the existing second-floor accommodation to form a master bedroom suite including a balcony that affords sea views. The property also benefits from a good-sized garden, an orchard, and a neighbouring paddock.
Location
Smiddy's Farm is located on the edge of the East Yorkshire coastal village of Skipsea, just 5 miles North of Hornsea, 9 miles South of Bridlington and 11 miles from the market town of Driffield. Skipsea is a popular East Coast village that lies within walking distance of the beach and enjoys a good range of amenities including a public house and village shop.
The Farmhouse and paddock are accessed from Cross Street in the centre of the village, turning right into Cleeton Lane which becomes a single-track lane and the property is situated on the left-hand side.
Accommodation
Ground Floor
Entrance Hall
With chequerboard design tiled floor, moulded cornices to the ceiling, dado rail, picture rail, under stairs cupboard and single radiator.
Living Room
With wooden flooring, living flame gas fire in a tiled fireplace, TV point, moulded cornices to the ceiling and a double radiator.
Sitting Room
With tiled fireplace, and double radiator.
Dining Room
With wooden floor, dado rail, alcove cupboards, exposed beams to the ceiling and a Vaillant wall-mounted gas-fired central heating boiler.
Kitchen
With a basic range of base and wall units, larder cupboard, inset sink with mixer tap, electric oven and four-ring ceramic hob, plumbing for an automatic dishwasher and space for a fridge and freezer.
Utility Room
With enamel sink, plumbing for an automatic washing machine, staircase to the first floor office, exposed beams to the ceiling and rear entrance door.
Shower Room
With shower cubicle
Store Room
WC
With low-level WC.
Adjoining Barn
This impressive structure features a vaulted ceiling with exposed beams and has been approved by the planning authority for conversion into a new kitchen to the main farmhouse.
First Floor
Landing
With dado rail, moulded cornices, and picture rail. enclosed steep staircase to the second floor.
Bedroom One
With a double radiator, original fireplace, dual aspect windows and partial sea views.
Bedroom Two
With a single radiator, dual aspect windows and picture rail.
Bedroom Three
With a single radiator, picture rail and original fireplace.
Bathroom
With white suite including an encased bath with shower and curtain over, low-level WC, bidet and pedestal wash hand basin. Large airing cupboard, shaver point, single radiator and partial sea views.
Second Floor
The attic accommodation comprises of two rooms that currently have restricted head height but could be utilised as additional bedrooms.
Outside
The property enjoys good-sized gardens to the front and side together with a gravelled rear courtyard. To the front is a well-screened lawned garden and a private access drive that leads to the side of the property where there is a parking and turning space. The planning consent for alterations to the house also included a provision for the erection of a triple garage on land that currently forms part of the orchard.
Land
A 3.56-acre paddock is located opposite the property on the other side of Cleeton Lane. The paddock is sown to grass and the southern boundary has been planted with a variety of young trees. The vendors will consider offers to exclude this land if it is not required.
Services
The property is connected to mains electricity and water. LPG gas is supplied by an above-ground tank supplying hot water and central heating via a modern boiler. Domestic drainage is to a newly installed private sewage treatment plant.
Planning
All planning enquiries should be directed to: East Riding of Yorkshire Council planning department, County Hall, Beverley. Copies of the notice of decision and the associated plans for the alteration and conversion of the adjoining outbuiilding can be viewed by going to the planning authorities public access website and using the planning reference 22/03034/PLF.
Easements, Wayleaves & Rights Of Way
The property is sold with the benefit of all granted and public rights of way, water courses, water drainage, electricity supplies, and wayleaves, easements and quasi-easements and restrictive covenants.
Tenure
We understand that the property is Freehold and that vacant possession will be given upon completion.
Council Tax
Band: E (East Riding of Yorkshire Council).
Viewing
Strictly by appointment with the sole agents on 01377 241919.
Tenure : Freehold
Council Tax Band : E
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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