Land for sale in Spaxton, Lot 2: Land At Splatt Lane, TA5 : Taunton : TAU240152

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Lot 2: Land At Splatt Lane, Spaxton TA5

Freehold | 17.6 acres (7.1 hectares)

Guide price £185,000

St Mary Street Fire Station 2.2 miles

Cannington Bridge 2.4 miles

Wembdon Rise 3.7 miles

The Land at Splatt Lane comprises four parcels of productive arable and pastureland offered for sale in four separate lots. Lot 2 extends to 17.56 acres. For sale by online auction to conclude at staggered times on the afternoon of Wednesday 5th February 2025.

Lot 2: Land at Splatt Lane, Spaxton, Bridgwater, Somerset, TA5 1DB

The Land at Splatt Lane comprises four parcels of productive arable and pastureland offered for sale in four separate lots. In all extending to 48.07 acres. For sale by online auction to conclude at staggered times on the afternoon of Wednesday 5th February 2025.

Lot 2 extends to 17.56 acres.

Location
The land is located along Splatt Lane, a short distance to the north of the village of Spaxton on the edge of the Quantock Hills and close to the A39.

Property
Lot 2 comprises three arable field enclosures totalling 17.56 acres with access from Splatt Lane along the western boundary.

Tenure
The freehold of the land is offered for sale. Lots 1, 2, and 3 are subject to a Farm Business Tenancy which expires on 31st October 2025. Lot 4 will be sold with vacant possession upon completion of the sale. The land will be sold subject to a covenant to use the land for agricultural, equestrian, horticultural, and/or forestry purposes.

Method of Sale
The land is offered for sale by online auction with a guide prices* as listed below. The property will be sold subject to reserve prices**. The online auctions will conclude on Wednesday 5th February 2025 with Lot 1 concluding at 1pm, Lot 2 concluding at 2pm, Lot 3 concluding at 3pm, and Lot 4 concluding at 4pm.

Lot 1: £230,000 guide price (coloured pink on the sale plan).
Lot 2: £185,000 guide price (coloured blue on the sale plan).
Lot 3: £50,000 guide price (coloured yellow on the sale plan).
Lot 4: £70,000 guide price (coloured green on the sale plan).

For further information, to register to bid, and review the auction pack, visit carterjonas.co.uk/property-auctions.

*The guide price is the minimum price at which the seller is prepared to sell at the date of publication.

**The reserve price is the minimum price at which the auctioneer is authorised by the seller to sell the lot at auction.

The lot may be sold to the highest bidder at or above the reserve price, but the auctioneer is not authorised to sell at a figure below the reserve price. Both the guide price and the reserve price are subject to change. Potential purchasers should ensure that they register their interest in the property and regularly check for updated information regarding the property, including changes to the guide price.

Health & Safety
Potential purchasers should take particular care when inspecting and accessing the land.

Local Authority
Somerset Council

Viewings
Potential purchasers may view the land during reasonable daylight hours after informing the selling agents, Carter Jonas, on 01823 428590.

Directions
Heading through the village of Spaxton from the Quantock Hills, turn left onto Splatt Lane opposite Spaxton Primary School. Continue along Splatt Lane and the land will be found with reference to the land plan.

What3Words
Lot 1: /// grabs.uniform.resolves
Lot 2: /// crusher.sidelined.steps
Lot 3: /// muted.closed.carpentry
Lot 4: /// photocopy.woods.suffice

The next steps...

Establish funds

How will you fund the purchase?

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.

To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.

Some advantages of a broker are:

They do all the legwork for you, working on your behalf with the lender
They compare wholesale mortgage rates from a large number of banks and lenders all at once
Their wholesale interest rates can be lower than retail (bank branch) interest rates
They offer more loan options because they work with numerous banks and lenders
They can finance tricky deals because of their knowledge and various lending partners
They are typically easier to get in contact with, and are less bureaucratic.

However advantages of working with your bank are:

You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
You may already know the banker who will handle your mortgage
Banks may be more accountable than a smaller shop
They may offer lower interest rates in some cases
Their ability to add mortgage to existing banking profile and make automatic payments from linked account.

Making an offer

with Carter Jonas.

When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.

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Combined with nearly 170 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how Carter Jonas can help you make your next move.