Madley, Hereford

£150,000

Guide price

  • Bedrooms: 3
A traditional Cart House in a farm yard setting for refurbishment and conversion in to a three bedroom property with two large reception rooms. Full planning and reserved matters discharged. All boundaries clearly defined, roadways in place ready for top dressing and all services connected to the plot, ready to start work.

Introduction

Forming part of a traditional farm yard, The Cart House is a good example of a Victorian red brick farm building with a triple bay open front ground floor and external stone steps leading to what would originally have been a grain store. Attached to the side is a large curved single story arrangement of barns for storing farm equipment and finally a block built garage and store. In total there is over 200 sq m (2100 sq ft) of space although the plans provide for approximately 137 sq m (1500 sq ft) of residential use, providing for three bedrooms, an en-suite and main bathroom as well as a large farmhouse style kitchen/dining room and fully glazed lounge.

Architecturally the new design takes the best of the serviceable features to create a very practical home with its own private driveway entrance with the opportunity of utilising some of the additional space for workshops, garage or storage.

Serviced plots

The plots come with water and electrics connected as well as connections to foul and surface water drainage systems. Full planning permission is provided along with the discharge of the Reserved Matters including the bat and ecological mitigation plan. Each plot is therefore ready to start development at a time to suit the purchaser.

The 2 storey section of the property will be re-roofed prior to sale

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The foul drainage for all the plots will connect in to a private sewerage treatment plant which will be installed as part of the sale with a management company made up of the owners of the plots set up to administer it following completion.

Funding & Finance

It is possible to use a self build mortgage scheme to finance the purchase of the plot and redevelopment costs, with high loan to value options available. We would be very happy to provide more details on request if this option is of interest to you.

Architects and fees

Firstly there is no stamp duty payable on the purchase of the property which includes the additional 3% levy attached to buying second homes. There could also be additional VAT savings; where a VAT registered builder is used to carry out the conversion, all building works and materials would be subject to the VAT Reduced Rate of 5%' It is important that you confirm the details for Stamp Duty and VAT with your own advisors as exemptions can vary depending on the purchasers circumstances.

CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008 (CPR) We endeavour to ensure that the details contained in our brochure are correct through making detailed enquiries of the owner but they are not guaranteed. The agents have not tested any appliance, equipment, fixture, fitting or service and have not seen the title deeds to confirm tenure. All measurements are quoted to the nearest 1/10 metre. All liability in negligence of otherwise for any loss arising from the use of these particulars is hereby excluded.

MONEY LAUNDERING REGULATIONS Require prospective purchasers to produce two original ID documents prior to any offer being accepted by the owners.

* Rightmove Intel - HR1, HR2, HR3, HR4, HR5,HR6, SY7, SY8 LD7, LD8

Arrange viewing 01432 507160

Cobb Amos

14 King Street, Hereford, Herefordshire

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