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3 bed property, in Main Street Newbold, £1,450,000
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Land

Main Street Newbold, Rugby CV21
Land Planning
£1,450,000

Our Summary

  • Long term development potential
  • A ringfenced whole farm, investment opportunity with long-term development potential and potential for the working of substantial mineral deposits
  • The buildings offer potential for conversion to residential or commercial use subject to obtaining planning permission
  • Development Overage - The vendor reserves the right to receive an overage payment over the land in both Lot 1 and Lot 2 of 35% of any uplift in value for a period of 40 years for any non-agricultural and non-equestrian development that takes place on the land
  • The Overage will be triggered either upon implementation of the planning consent or a sale with the benefit of planning permission
  • Epc Rating - The Farmhouse has an EPC rating of E39 with potential for B87

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Description

The property comprises a ringfenced whole farm with 84.26 acres of land, including pastureland, a paddock, and gardens. The farm is bordered by the River Avon to the south and west, and the west coast mainline to the east. The farmhouse is a detached three-bedroom house of brick and render, sitting within its own plot with a wraparound garden, patio area, and garage.

The farmhouse extends to approximately 1,788 sq.ft of accommodation, with services including mains water and electricity, private drainage, and oil-fired central heating. The farm buildings comprise a range of modern and traditional structures, totaling approximately 10,848 sq.ft, with potential for conversion to residential or commercial use. The land is split into six principal enclosures, with 78.90 acres consisting of loamy and clayey soils with impeded drainage.

The property has six main enclosures, with access to mains water for field troughs.