METHOD OF SALE

The property will be offered for sale by Online Auction (unless sold prior.). The auction end date is Thursday 7th November 2024 at 5.30pm.

The vendor reserves the right to withdraw or alter the property for sale prior to the auction end date.

SITUATION

Minehouse is situated near Bridestowe in West Devon and lies about 0.5 of a mile from the A30 at Sourton Down. The A30 is the main transport route through Mid Devon and links Exeter in the East to Cornwall, West. Local villages and town centres boast various shops and amenities to support the busy rural community including Mole Avon country stores in Okehampton and Maunders Farm and Country in Launceston.

INTRODUCTION - AUCTION GUIDE £300,000-£325,000

The property is of a period stone construction with part rendered and part plastic tiled elevations under tiled roof. The windows are UPVC double glazed units. INTERNAL DESCRIPTION The front door opens to a glazed porch and internal door leads through to a kitchen/breakfast room which is fitted with base and wall mounted units. A door leads to a sitting room with an open fireplace. A staircase leads to the first floor with two bedrooms and a family bathroom with WC, wash hand basin, bath with electric shower. The hot water tank is located in bedroom 2. OUTSIDE An adjoining stone outbuilding provides useful storage along with potential for extension of the domestic accommodation (subject to planning). The building is constructed from stone under corrugated metal roof. A garage is constructed from concrete block under a corrugated roof.

GARDENS AND GROUNDS

Located on the eastern side of the property is a garden area and to the west is a parking and turning area.

PADDOCK

Situated to the north of Minehouse is a 3.14 acre grassland paddock with road frontage.

SERVICES

Water and Electricity - Mains Drainage - Private drainage system, type, health and compliance with General Binding Rules is unknown. Buyers to make own inspection.

Hot Water and Cooking - Oil-fired Stanley Royal. The oil tank will be included in the sale. The Vendor can not guarantee it complies with regulation. Telephone/broadband Standard available (Ofcom)

Mobile coverage/signal – Mobile coverage is limited outside with EE, O2, Three and Vodafone (Ofcom)

ACCESS

Minehouse is reached from the public highway by an access track which forms part of the property. The paddock has separate access by a field gate from the public highway to the North.

DESIGNATIONS

The property lies within an area that contains Radon gas.

TENURE & POSSESSION

The property is freehold and is available with vacant possession on completion.

LOCAL AUTHORITY

West Devon Local Authority - www.westdevon.gov.uk

WAYLEAVES & RIGHTS OF WAY

The property is sold subject to and with the benefit of any wayleave agreement and any public or private rights of way that may affect it. A bridleway runs to the south of Minehouse and crosses the access track. Neighbouring parcels of land will benefit from an agricultural right of way over part of the access track (A to B and C). The owners of the land parcels will be required to contribute to the maintenance and repair of the track, limited to being an unmade/unmetaled track, according to their use

GRAZING RIGHTS

The land has rights to graze 4 livestock units over Bridestowe & Sourton Common CL96, Sourton Common CL97 and the Forest of Dartmoor CL164

PLANS & BOUNDARY FENCES

A plan which is not to scale, is included with these sale particulars for identification purposes only. The vendor shall not be called upon to define the ownership of boundary fences.

PROOF OF IDENTITY

Under Money Laundering Regulations 2017 it is a requirement for Estate Agents to perform due diligence checks on any person that intends to bid at auction. There will be a requirement for all bidders to register via the online sales site and complete the ID checks. There is no charge for administration.

BUYERS & ADMINISTRATION FEES

The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT. From this a buyers fee of £2,400 inc VAT is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly.

The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.

LEGAL PACK

This includes the searches, draft contract, deeds/epitome of title, special conditions of sale etc., and is available to download free of charge to those who have registered, from our auction partners website (https://app.bambooauctions.com/). It is the purchaser’s responsibility to make all necessary enquiries prior to the auction.

SOLICITOR ACTING

Kate Gay Ashfords LP Ashford House Grenadier Road Exeter EX1 3LH k.gay@ashfords.co.uk 01392 333671

COMPLETION

The completion date will be 20 working days after the auction or as dictated by the solicitor.

VIEWING

Strictly by appointment only and during daylight hours. Please contact Stags Farm Agency on 01392 680059.

DIRECTIONS

From the A30 at Sourton Down follow signs for Bridestowe and Lewdown. Continue along the road for about 0.4 of a mile. The property entrance is on the left marked by a Stags sale board.

DEFINITION OF AUCTION GUIDE AND RESERVE

Guide price(s) are an indication of the seller’s expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.

SPECIAL CONDITIONS OF SALE

Particulars, remarks and stipulations contained herein shall be deemed to form part of the special conditions of sale/auction information pack and in case of any inconsistencies the provisions of the latter shall prevail. Special conditions of sale/auction information pack is available online. It is assumed that the Purchaser will have made all necessary enquiries prior to the auction.

IMPORTANT

Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.

BUYERS & ADMINISTRATION FEES

The successful purchaser(s) will be liable to pay the sum of £5,000 inc VAT. From this a buyers fee of £2,400 inc VAT is retained by Stags/Bamboo Auctions as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price.

An additional administration fee of £1,200 inc VAT will be payable by the successful purchaser immediately after the auction.

DEPOSIT PAYMENT

The Seller and Buyer agree that the winning Bidder may transfer the remainder of the 10% deposit (less the amounts paid online) within 48 hours of the end of this online auction. Clauses 6.1, 6.2 and 7.1 of the Holding Deposit Agreement shall be read as amended to reflect this accordingly.

The remainder of the 10% deposit payment is handled by the buyer’s solicitors and must be in their client account no later than 48 hours post exchange. It is essential that you instruct your solicitor in advance of the auction.