METHOD OF SALE

The property is being offered for sale by online Traditional Auction (unless sold prior.) The auction end date is Thursday 24th July 2025 at 5pm. The Vendor reserves the right to withdraw or alter the property for sale prior to the auction end date. The property can be viewed via our website – www.stags.co.uk on the Auction page.

SITUATION & AMENITIES

Situated in a tucked away position in a sought-after residential lane, with access to a regular bus route nearby, the coastal village of Instow, the Tarka Trail and local amenities, as well as open countryside. The nearby village of Fremington is a very popular area and benefits from an excellent selection of amenities including primary school, church, choice of public houses, Chinese restaurant, fish and chip shop, small supermarket/Post Office, hairdressers, GP surgery, village hall, sports field and regular bus service connecting with Bideford and Barnstaple. Fremington Quay is a favoured rest point to take in the view over water towards Saunton Sands, and is located on the Tarka Trail. The favoured estuary/coastal village of Instow is less than 10 minutes by car and offers beach, Yacht Club, cricket ground, delicatessen/Post Office/café, pubs, restaurants, etc. The towns of Bideford and Barnstaple are about 15 minutes by car equidistant. As the regional centre, Barnstaple offers the area’s main business, commercial, leisure and shopping venues, as well as live theatre and district hospital. At Barnstaple the A361 North Devon Link Road provides access in a further 45 minutes or so to Jct.27 of the M5 Motorway, and where nearby Tiverton Parkway offers a fast service of trains to London Paddington in just over 2 hours. The sought-after surfing resorts at Croyde, Saunton (also with Championship Golf Course) and Woolacombe are about 30-40 minutes by car, as is Exmoor National Park and the border with Cornwall. 

DESCRIPTION

The Homestead is a detached 17th Century farmhouse which presents elevations of stone and painted render, which is now in need of complete renovation. The accommodation is deceptively big and offers: on the Ground Floor – ENTRANCE PORCH, HALL, LIVING ROOM, DINING ROOM, STUDY, KITCHEN, CONSERVATORY, UTILITY ROOM, WC. On the First Floor – LANDING, 4 BEDROOMS (1 ENSUITE), FAMILY BATHROOM. Externally, there is a dilapidated single-storey BARN which has consent under North Devon Council Planning Reference 78485 decision date 17.05.24 for ‘demolition of existing workshop and conservatory and conversion of existing barn to dwelling, together with erection of double garage and alterations to existing access’. All associated plans and documentation can be viewed on the North Devon Council Planning portal, quoting the above-mentioned application number. The plans submitted provide for open-plan KITCHEN/DINING ROOM/LIVING ROOM, 3 BEDROOMS, BATHROOM and DOUBLE GARAGE. The proposals provide for a shared central access and parking for both dwellings. The current owners have also considered applying for consent for yet another detached dwelling at the back of garden, but no formal application has been submitted.

SERVICES

We understand that all mains services are connected to the property.

PROOF OF IDENTITY

Under the 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 registration.

BUYERS & ADMINISTRATIVE FEES

The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer’s fee of £2,400. including VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price. An additional administration fee of £1,200 including 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 are 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.

AUCTION LEGAL PACK

Copies of the legal pack and special conditions of sale are available online to be downloaded via the tab on the online auction property listing page. Prospective purchasers will need to register for the Bamboo online platform in order to download the legal pack. It is the purchaser’s responsibility to make all necessary enquiries prior to the auction. Prospective purchasers are strongly advised to inspect the legal documentation – this will/may contain material information regarding the property - and to consult legal advice prior to bidding.

TENURE & COMPLETION

The property is sold Freehold with vacant possession on completion. 28 working days after the auction or earlier by agreement.

SELLER’S SOLICITORS

Slee Blackwell Solicitors, 10 Cross Street, Barnstaple, Devon, EX31 1BA – (01271) 372128 for the attention of Ms L Langabeer.

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 auction. 

DEFINITION OF AUCTION GUIDE & 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 of no more than 10% above a single figure guide. Guide prices may change at any time prior to the auction.

VIEWINGS

Viewings are invited by CASH BUYERS ONLY, strictly by appointment with the vendor’s appointed Agents Stags Barnstaple Office on (01271) 322833 or barnstaple@stags.co.uk

DIRECTIONS

From Barnstaple continue out of the town and up Sticklepath Hill and upon reaching the roundabout at The Cedars Inn, proceed straight across signposted to Bickington, Fremington and Yelland. Continue on through Fremington for approximately 1 mile and as you enter Yelland continue past Allenstyle Road. Pottery Lane is the next left-hand turn before the bus stop. Continue up Pottery Lane and the property will be found on the left-hand side, identified by our For Sale board.

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 & ADMINISTRATIVE FEES

The successful purchaser(s) will be liable to pay the sum of £5,000. From this a buyer’s fee of £2,400. including VAT is retained by Stags/Bamboo as a contribution towards the online platform costs, and £2,600 is payable towards the purchase price. An additional administration fee of £1,200 including 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 are 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.