Property for sale in Ilminster, Dowlish Ford, TA19 : Taunton : TAU230120

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bedroom development plot, Dowlish Ford, Ilminster TA19 - Sold

sold

Dowlish Ford, Ilminster TA19

Freehold

Guide price £425,000

Market House 1 miles

Old Orchard Close 2.8 miles

The Old Station 2.9 miles

A residential development site for two detached four-bedroom dwellings, together with an adjoining level pasture paddock. In all extending to over four acres.

Location
The property is located between the hamlet of Sea and the town of Ilminster with easy access to the town and the A358 to the west.

Property
The property comprises part of the driveway, stable buildings, and adjoining paddock/field at 7 Greenway. The plans provide for the demolition of the stable buildings, the alteration of the existing access for 7 Greenway, and the creation of a new access for Plot 2. There is also a requirement to construct a footpath on the verge on the opposite side of the road prior to the dwellings being occupied.

Method of Sale
For sale by private treaty.

Tenure & Possession
The freehold of the property is offered for sale with vacant possession available upon completion.

Planning
Planning permission was granted by South Somerset District Council (now Somerset Council) in December 2022 under application reference 21/03210/REM for the reserved matters following outline approval of 18/02270/OUT for the erection of two new dwellings with associated access.

The field included within the sale but falling outside of the development boundary will be sold subject to an overage in respect of planning for residential development. Should permission be granted within a period of 10 years from completion of the sale, the vendors will be entitled to 25% of the uplift in value as a result of the permission.

Community Infrastructure Levy (CIL)
The purchaser will be liable for a CIL payment on the site. Confirmation of the sum due is awaited from Somerset Council. Further details are available from the agents.

Health and Safety
Potential purchasers are requested to take particular care when inspecting the property, being mindful of potentially uneven and slippery surfaces, and any livestock and machinery which may be present/operating on the land at the time of inspection.

Services
Mains water is available in the road and electricity is available nearby, subject to confirmation regarding capacity and the exact connection point to be obtained by the purchaser from Western Power Distribution/National Grid. A private drainage system will need to be installed by the purchaser to service the dwellings in accordance with condition 2 of the consent. The Vendor will install a new drainage system to service Nos 6 and 7 Greenway in accordance with the Phosphorus Neutrality Assessment and Mitigation Strategy submitted as part of the application.

Local Authority
Somerset Council (formerly South Somerset District Council).

Viewings
Viewings are by appointment with the agents. Please contact 01823 428590.

Directions
Heading on the A358 from Southfields Roundabout towards Chard, proceed through the village of Donyatt. After leaving Donyatt and passing the right turn signed Crock Street and Barley Hill, take the next left signed Ilminster and Dowlish Wake. Follow this road through the hamlet of Sea and continue along the straight road towards Ilminster. Shortly after the right turning signed Cricket Malherbie and Windwhistle, the property will be found on the right, opposite the turning into Greenway Farm.

What 3 Words
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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

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