One parcel of arable land extending to around 7.93 acres (3.21 ha)
DESCRIPTION
The land comprises one parcel of productive arable land, extending to 7.93 acres (3.21 hectares) or thereabouts.
The land is classified as Grade 2 very good quality agricultural land, suitable for growing a wide range of crops, with road frontage to the B1240 to Hedon. The land may also be suitable for amenity or equestrian uses subject to any necessary planning consents.
LOCATION & ACCESS
The land is approximately 0.50 miles south of Sproatley village, which is 7 miles north east of Hull and 4 miles north of Hedon in East Yorkshire. Access to the land is from the B1240 at the tip of its western boundary. ///purified.symphony.challenge
METHOD OF SALE
The land is for sale by Private Treaty. Interested parties should register their interest with Dee Atkinson & Harrison to be kept informed as to how the sale will be concluded. The vendor reserves the right to complete the sale by any other means at their discretion.
TENURE & POSSESSION
The land is for sale freehold with vacant possession available on completion.
SERVICES
There are no services to the land.
BASIC PAYMENT SCHEME (BPS)
The land is understood to have been registered on the Rural Land Register and has been used historically to activate Basic Farm Payment entitlements.
AGRI ENVIRONMENT SCHEMES
The land is not part of an existing agri-environment scheme.
NITRATE VULNERABLE ZONE
The land is included within a Nitrate Vulnerable Zone.
SPORTING AND MINERAL RIGHTS
The sporting rights are in hand and are included in the sale so far as they are owned. The mining and mineral rights are in hand and are included in the sale.
EASEMENTS, WAYLEAVES AND RIGHTS OF WAY
An easement in favour of National Grid crosses the field for a gas pipeline and there is a wayleave in favour of Northern Power Grid over the land for overhead electricity poles.
The land is offered 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, all existing or proposed wayleaves for electricity, drainage, water, gas and other pipes whether shown on the plan or indicated within these particulars or not and without any obligations to define the same respectively.
VIEWING & FURTHER INFORMATION
Interested parties may inspect the land on foot only whilst in possession of a set of these letting particulars and during daylight hours.
PLANNING
Planning enquiries in respect of the land should be directed to:
East Riding of Yorkshire Council, County Hall, Cross Street, Beverley HU17 9BA
Tel: 01482 393939
OVERAGE PROVISION
The land will be sold subject to an overage clause whereby the Vendor or their Successors in Title will receive 30% of any uplift in value arising as a result of obtaining any planning consent for a change of use from agriculture or domestic equestrian grazing use for a period of 30 years from the completion of contracts. The Vendor may consider alternatives to this provision but any offer made must clearly set out an alternative to this provision and detail the proposed change of use.
PLANS AREAS AND SCHEDULES
The areas in these details are based on the Ordnance Survey data from the Land App system. All areas are subject to verification.
CONTAMINATED LAND
The Vendors are not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The Vendors do not give any guarantee in this respect and advise 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
Viewing of the land can be arranged by prior appointment with Dee Atkinson & Harrison.
GUIDE PRICE
Offers over £75,000
FURTHER INFORMATION
Dee Atkinson & Harrison:
Contact: T: 01377 253151
Davina Fillingham MRICS FAAV
E: davina@dee-atkinson-harrison.co.uk
Carole Johnston
E: carole.j@dee-atkinson-harrison.co.uk
Photographs and Details Prepared: May 2024
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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