COMING HOME
GREENSLADE TAYLOR HUNT
WELCOME
Following an exceptional year for property sales in 2021, we experienced a positive start to 2022, all be it slightly less frenetic. However, we generally advocate that there is never a ëbestí time to sell, only when itís right for you and your circumstances. As spring and summer unfold, weíre pleased to share another standout showcase of properties which we are proud market. Alongside bricks and mortar sales, the value of land has seen an increase across our region. Read Richard Webberís update on trends in land values and what the near future might hold.
As a firm, we have seen expansion with the opening of a new office in Redhill, Bristol and have further exciting plans for a new office in Barnstaple, North Devon. This, alongside congratulating six new associates of the firm, means we are in an even stronger position to provide valuable property expertise to our local communities and businesses.
We also give our tips on how to refresh your kitchen ñ great for a spring project for DIY enthusiasts! I also offer my thoughts on the property market at this time, and Tim Wright, Consultant Surveyor, details whatís happening in the world of commercial property.
Find out about a particularly interesting lot that our Antiques team uncovered on a home visit that fetched a fantastic price at auction. Cooper Associates also offer their expertise in our latest le ngs article about buytolet mortgages.
As ever, if you are looking for advice or support with selling, buying, or le ng, get in touch. Our experts would be pleased to help.
Simon Havens
Partner and Head of Residential Sales Department
AT HOME IN THE WEST COUNTRY
Since 1847, at Greenslade Taylor Hunt we have honed our expertise and local knowledge. Whatever you are selling, be it your home, a residential development, commercial property or a parcel of land, weíll use our experience to help you achieve the best possible price and will support you throughout the process.
Our offices are located across Devon, Dorset and Somerset.
Bridgwater Office: 3133 High Street, Bridgwater, Somerset, TA6 3BG | 01278 425555
BurnhamonSea Office: 44 High Street, BurnhamonSea, Somerset, TA8 1AZ | 01278 782326
Chard Office: 1 High Street, Chard, Somerset, TA20 1QF | 01460 238382
Dorchester Office: Westgate House, 45 High West Street, Dorchester, Dorset, DT1 1UT | 01305 268786
Honiton Office: 111 High Street, Honiton, Devon, EX14 1LS | 01404 46222
Ilminster Office: 15 East Street, Ilminster, Somerset, TA19 0AJ | 01460 57222
Langport Office: The Shopping Parade, Langport, Somerset, TA10 9PG | 01458 250589
London Office: Cashel House, 15 Thayer Street, London, W1U 3JT | 020 7467 5330
Minehead Office: 8 The Parade, Minehead, Somerset, TA24 5UF | 01643 706666
Sherborne Office: 3 Cheap Street, Sherborne, Dorset, DT9 3PT | 01935 813577
South Molton Office: 23 Broad Street, South Molton, Devon, EX36 3AQ | 01769 574500
Taunton Office: 13 Hammet Street, Taunton, Somerset, TA1 1RN | 01823 277121
Tiverton Office: 5 Fore Street, Tiverton, Devon, EX16 6LN | 01884 243000
Wells Office: 74 High Street, Wells, Somerset, BA5 2AJ | 01749 605605
Williton Office: 9 Fore Street, Williton, Somerset, TA4 4PX | 01984 632167
Yeovil Office: 22 Princes Street, Yeovil, Somerset, BA20 1EQ | 01935 415300
WITHIN THIS EDITION...
08 SWINGS AND ROUNDABOUTS
Simon Havens, Partner and Head of Residential Sales, advises prospective sellers and buyer not to wait until the property market gets back to ënormalí.
12 CELEBRATING OUR NEW ASSOCIATES
Here we celebrate our six new Associates who, along with their teams, continue to provide an excellent service to our clients.
16 ESCAPE THE CITY
All aboard the great garden escape to The Newt in Somerset.
22 EXCITING EXPANSION
Weíre thrilled to celebrate our 19th office opening, as well as announce the 20th location we will soon be moving into.
24 ITíS ALL ABOUT THE KITCHEN!
Take a read of our tips for giving your kitchen a refresh, for a property sale or just for yourself.
28 COMMERCIAL MARKET ROUND UP
Surveyor, Tim Wright, breaks down whatís been happening in the commercial property market recently.
36 CHURCHILL: REVISITED
We are now proud to present this property once again following completion.
42 THE VALUE OF LAND
Richard Webber, Partner in our South Molton office, comments on the agricultural land market in the South West.
46 LUXURY LIVING FOR LOCAL RETIREES
Our New Homes department is pleased to be offering a choice of retirement developments from McCarthy Stone.
58 RURAL LIFE BY THE SEA!
Melplash Agricultural Show is a true celebration of farming and rural life by the sea!
64 THE OCTAGON SALEROOM: STAND OUT FIGURE
You never know what will be uncovered by our Antiques experts. Find out about a gem of an item discovered recently.
68 HARRIET MAKES THE GRADE!
Harriet Pike MRICS is celebrating a er gaining her crucial Chartered Surveyor qualification.
80 BUY-TO-LET: NOW IS THE TIME
One of our le ngs experts and partner firm, Cooper Associates, explain whatís happening with buytolet mortgages.
An elegant Grade II Listed apartment situated within a sought a er location with stunning communal gardens, allocated parking, garage and li service. Brecon House dates from the mid Victorian period. EPC Exempt. UNDER OFFER | Guide Price £300,000
SHERBORNE, DORSET
Residential Sales
SWINGS AND ROUNDABOUTS
Simon Havens, Partner and Head of Residential, advises prospective sellers and buyers not to wait until the property market gets back to 'normal'.
Who remembers the boom and bust property markets of the early 1970s or the late 1980s? Who remembers the MIRAS debacle in 1988 and 15% mortgage interest rates? More people will remember recent mini booms and busts, general elections, Black Wednesday, the Sco sh referendum, the banking crisis, Brexit and, of course, the global pandemic. Over the years all these events, large and small, have affected the market to a greater or lesser extent.
So, if anyone is waiting for the property market to get back to normal they will wait a long time as there is no normal property market. In property we have to play the cards we are dealt.
Sometimes the market will benefit the buyer, and sometimes the seller. In all these years the market has never suited both buyers and sellers at the same time. But then what you lose on the swings you gain on the roundabouts.
It is essential to understand that the market is continually in flux. We now have the challenge of low stocks of property for sale, increasing interest rates and property values in some areas rising
steeply. Will this continue? No. Why? Because nothing continues unchanged in property for long. Things are constantly moving.
So, my advice is to play the property, not the market. Find a deal that works for you. Please donít wait for the market to normalise; it wonít. Donít try and wait until we have reached the top of the market to sell, because when you think that the market has reached the top, it will already be too late. Winning in property is finding the right property deal for you when you need it. Put another way, would you rather have a perfect property or a perfect market? I know which I would choose.
Speak to your local office for a free market appraisal, our teams are ready to help you on your property journey.
Simon Havens
Partner, Head of Residential Sales
GOATHURST
BRIDGWATER, SOMERSET
2 4 3
A beautiful detached residence situated in an elevated position within a much sought a er village. With selfcontained annexe, garage, ample parking and a ractive gardens. EPC band C.
Guide Price £650,000
Bridgwater Office: 01278 425555
COLYTON, DEVON
A three bedroom thatched detached Grade II Listed period former farmhouse believed to date back to the mid 16th century, situated in approximately 0.8 acres, together with a further 8.16 acres of off lying pasture occupying a stunning rural location. EPC Exempt.
Guide Price £825,000
Honiton Office: 01404 46222
CELEBRATING OUR NEW ASSOCIATES
Duncan Brown, Chairman and Partner at GTH noted in his New Year message, "2021 was an incredible year for the firm, with records repeatedly smashed as well as departments thriving and expanding. As is the case with every year, we're sure 2022 will have its challenges, however, we as a partnership are as optimistic as ever that GTH is stronger than it has ever been. A firm is only as good as its staff and I am strongly of the opinion that we have the best.î Here we celebrate our six new Associates who, along with their teams, continue to provide an excellent service to our clients.
JAMES WOTTON, HONITON OFFICE
James joined Greenslade Taylor Hunt in 2014 following graduation from the Royal Agricultural University. James is a rural chartered surveyor and agricultural valuer, as well as regularly selling calves, fodder and machinery at Sedgemoor Auction Centre.
SAMUEL POWELL, ILMINSTER OFFICE
Samuel has been with GTH since 2016 and has gone from senior negotiator to residential manager at our Wells office and following a relocation, now manages our Ilminster office. Having lived and worked in Somerset nearly all his life, Samuel knows the county extremely well, providing him with key expertise and knowledge.
AMY DAVIDSON, TAUNTON OFFICE
Amy joined GTH in 2012 as the Le ngs Manager in the Chard office. A er seven years, she then became Senior Le ngs Manager and Hub Manager, overseeing six offices including Taunton where she is now based. Amy has nearly 15 yearsí experience and became ARLA qualified in 2011.
JANICE TAYLOR, ILMINSTER OFFICE
Janice joined in 2014 as the Le ngs Manager in Ilminster. She progressed to Senior Le ngs Manager and Hub Manager, overseeing five offices in addition to Ilminster. Prior to joining GTH her career had predominately been in the legal sector and she has an extensive legal background, as well as being ARLA qualified.
RICHARD STUBBERT, SHERBORNE OFFICE
Having qualified in Property and Land Management at The Royal Agricultural College, Cirencester, Richard has gained over 15 yearsí property experience honing his agency skills in Bath before returning with his young family. Richard has extensive knowledge of the Sherborne area, where he manages the office.
CHRIS HOLT, TAUNTON OFFICE
Chris has 18 yearsí experience working in various areas of the property industry. Chris joined the team in 2019 and now holds the position of Senior Property Manager where he is responsible for the daytoday performance of the block, estate and commercial property management team.
ÑThe firm is going from strength to strength.â
Duncan Brown, Chairman
YEOVIL, SOMERSET
Coker Wood Co age is a beautiful and immaculately presented, unique period property, surrounded by its deligh ul gardens. All set in approx 0.8 of an acre in a rural position, set against a backdrop of mature woodland with stunning far reaching views over the surrounding countryside. EPC band F.
Guide Price £1,000,000
Yeovil Office: 01935 415300
Escape the City
All aboard the great garden escape to The Newt in Somerset escape the city and get back to nature in first class for a unique day out!
This spring, journey back to nature and discover all things Somerset aboard the ëGreat Garden Escapeí to The Newt in Somerset. Launching in May 2022 and running every Friday and Saturday, a First Class carriage will take guests from London Paddington to Castle Cary, on a scenic journey deep into the West Country to experience all the bucolic Estate has to offer.
Hosted from start to finish by The Newtís passionate and knowledgeable team, back in time to rest your head in your own bed. This perfectly packaged day trip includes an exclusive garden tour led by a member of the gardening team who will impart their expertise and top tips as they guide you through sprawling gardens and ancient woodland. Travel through time at The Story of Gardening; an immersive experience tracing the history and culture of gardening with cu ng edge technology including virtual reality pods and interactive sensory games. The Great Garden Escape is the perfect day out for groups, international visitors to London, garden and food lovers.
Guests will sample the best Somerset has to offer, starting with a delicious breakfast picnic on board the train, created by Estate Head Chef, Alan Stewart. Throughout the day, guests will enjoy the freshest Somerset apple juice and cyder, as well as seasonal vegetables from the Estate kitchen gardens, during a relaxing lunch at the glass walled Garden CafÈ.
Bespoke tours of the picturesque Estate will be followed by an a ernoon of free exploration and then a Cyder Tour & Tasting with a member of Cellar Master Greg Carnellís expert team. There will also be the opportunity to stock up on The Newtís produce and local artisanal goods, with time to browse the Farm Shops ñ showcasing Somerset heritage, sustainable agriculture and local production. Other culinary delights include a Newt a ernoon tea with seasonal cakes and fresh scones with lashings of West Country cream for the return to Paddington.
The Great Garden Escape ticket includes First Class return travel from London Paddington to The Newt in Somerset; guided tours, talks and tastings; meals from breakfast through to a ernoon tea; plus a 12month Garden Membership (for a return visit under oneís own steam!). Group bookings and exclusive use are available, with the option to tailor your escape with seasonal workshops and bespoke experiences.
The Great Garden Escape to The Newt in Somerset is priced at £330 per person. Families are welcome, with no additional charge for children under the age of 5 sharing a seat. £260pp for children (ages 515).
thenewtinsomerset.com/greatgardenescape. For group and exclusiveuse bookings, please email reservations@thenewtinsomerset.com or call +44 (0)1963 577777.
EXCITING EXPANSION
Late 2021 saw the opening of our 19th office in Redhill, Bristol.
We already have a large client base in the North Somerset area and the new office will enable staff to provide an enhanced service and the ability to offer a comprehensive range of services more effectively.
These include advice on planning and development, rural grants, landlord and tenant ma ers, compulsory purchase and compensation, and telecoms. Valuations for all purposes will also be available throughout North Somerset, Bristol and Bath.
Jeremy Bell, Partner, and Robert Baker will both work fulltime from the office alongside agricultural surveyor Jamie Ba , who covers the Mendips from the Wells office and who will also use this agricultural hub at Redhill.
They will be supported by a dedicated group of agricultural surveyors and rural experts based at BurnhamonSea headed by Robert Stone. These staff have recently relocated to new premises at 44 High Street, BurnhamonSea.
WE RE ALSO THRILLED TO ANNOUNCE OUR 20TH OFFICE...
Offering Residential Sales and Le ngs, Development Land & Planning, Survey & Valuation, and Professional Services in and around the North Devon town of Barnstaple. 01271 233777 | residential.barnstaple@gth.net Launch date and more information coming soon.
LR: Robert Stone, Andrew Clements, Matilda Heron, Charlo e Sco , Jamie Ba , Robert Baker and Jeremy Bell at our new Redhill, Bristol, office.
IT S ALL ABOUT THE KITCHEN!
O en, a kitchen can make or break a house sale. The problem is, a new kitchen can cost more than a car, so it isn't always an option to start from scratch if yours has seen be er days. But don't worry, here are some ways you can make improvements to your kitchen in time for listing your property or if you just fancy a refresh for yourselves!
CONSIDER THE CABINETS
You donít need to buy new to make a difference to your cabinets. One option is to give your existing doors a good paint job. Or, you can go a step further and add some MDF panels to plain doors to create the sought a er ShakerStyle kitchen.
HARDWARE
Hardware in the kitchen can o en be overlooked, but updating tired chrome handles to something more striking can o en make a huge difference and it's very easy to do. You can also update your taps, and even the sink if you feel like it!
CHANGE THE LIGHTING
Harsh overhead lighting will never do your kitchen justice. Consider some cool or warm LED lighting to illuminate your kitchen. Alternatively, try out some low hanging ceiling lights with antique filaments to add a cosy atmosphere.
STORAGE SOLUTIONS
Having a kitchen that looks stunning is one thing, but having a kitchen equipped for everyday life is far more important. Think about where you can add in a shelf or two for some on trend exposed storage. You can also add pan or utensil racks to your walls to save on drawer space.
WORKTOP WOES
If your cabinets are fine, but your worktop looks like itís had enough ñ change it! If you have real wood, give it a sand and varnish ñ or paint if youíre looking for a dramatic change. For laminate surfaces, you can either replace the worktops or upcycle using some contact paper.
Donít forget, the easiest win of all is a deep clean! Scrubbing tile grout, kickboards, and all the other forgo en about areas of your kitchen will have it look tiptop in no time. Then add some fresh flowers or vibrant green plants to bring some cheer.
DORCHESTER, DORSET
This immaculately presented Grade II Listed co age boasts an array of features, such as charming inglenook fireplaces and exposed beams which feature in multiple rooms within this cosy yet spacious home. EPC Exempt.
Guide Price £700,000
Commercial Property
A MARKET ROUND UP
It has been a very unusual year in more than one way. The industrial market in the Somerset and Dorset area has been extremely strong, and we have experienced rents and prices for modern small to medium sized units increase in value by a third over the last two years with most of this being in 2020. There is now a serious lack of quality stock and there is competition for any units being newly marketed. As usual the demand for subprime stock is weaker with rent/price rises being more modest.
In Yeovil we are marketing the new Glenmore Business Park ñ a recently completed development of 41 business units ñ individual units ranging from 1,079 sq ñ 3,730 sq over ground and 1st floorñ strong interest from owner/occupiers, investors and occupational tenants with some 33% of the units either let, sold, exchanged, under offer or reserved.
The M5 corridor between Bristol and Exeter has historically been a popular hunting ground for businesses in the industrial sector. The continued lack of availability has generated competition and strong rental growth. We are involved with a number of quality schemes including Bridgwater Trade Park which provides 40,000 sq ., Wellington Business Park which totals 89,000 sq . and Crown Industrial Estate in Taunton which offers 62,000 sq . We have offers and serious interest in units within all three schemes. Smaller units less than 2,500 sq . are particularly difficult to find our having let all six units within a new block at Courtlands Industrial Estate in Taunton off plan.
The market for investments is also strong. We brought four investments to the market in the la er half of 2020 and
received multiple offers for all four resulting in best offers being sought. These were a business park in Broadmayne, a car showroom in Dorchester, an industrial unit in New Milton and a mixed retail and residential property in Seaton.
The market for retail property has been weaker although some towns are faring be er than others. Since the peak of the market, rents in some towns have fallen by up to 4050% with some high streets having many vacant shops. Other towns have fared much be er with rents generally holding up or falling by significantly smaller margins. There are early signs that demand in this sector may be increasing. We have recently agreed a le ng on a prime shop in St Mary Street, Weymouth, following interest from a number of parties.
Demand for offices remains weak with Covid having accelerated the move to greater home working. Where le ngs have been agreed lease terms are becoming far more tenant friendly with break clauses being requested at regular intervals. There has also been a move towards serviced offices and easy in easy out accommodation on an allinclusive basis.
Consultant Commercial Surveyor & Registered Valuer
LANGPORT, SOMERSET
9 6 4
A stunning, historic barn conversion located in the heart of the beautiful village of Muchelney. Offering a stunning barn home currently configured as two dwellings, a two bedroom annexe and further Grade II Listed barn suitable for a multitude of uses, all set within a plot measuring 1.6 acres. EPC Exempt.
OIEO £1,500,000
Langport Office: 01458 250589
GLASTONBURY, SOMERSET
Built in 2016 to an extremely high standard, Ash View Farm is an immaculately presented modern farmhouse built in a contemporary style of local blue lias stone and part timber cladding beneath a tiled roof. The farmhouse has the wow factor with impressive oak joinery throughout and large windows to enjoy the 360 degree views of the surrounding countryside. The farmhouse is offered to the market subject to an Agricultural Occupancy Condition. Ash View Farm adjoins modern outbuildings including a tractor shed, workshop and multiple field shelters within the paddocks. The farmhouse and outbuildings are situated within approximately 12.1 acres (4.89Ha) of level pasture land and benefits from far reaching views beyond. The land is currently utilised for livestock purposes but would suit a range of possible uses including equestrian. Ash View Farm is situated in the hamlet of Southwood, some 1.5 miles from the sought a er village of Baltonsborough. EPC band B.
Guide Price £1,950,000
Yeovil Office: 01935 415300
SOMERSET
3 5 2
A beautiful farmhouse and gardens with fantastic equestrian facilities. Idyllic and secluded location in the heart of the Somerset levels. Stabling for 10 horses, outdoor allweather arena and agricultural barn in all 19.5 acres. EPC band C.
Guide Price £1,790,000
Bridgwater Office: 01278 425555
2 4 2
This much loved family home has been in the same family ownership for many years. The property has an extremely fascinating history, being built in 1907 by Mary Simcoe. EPC band F.
SOLD
Guide Price £750,000
Honiton Office: 01404 46222
HONITON, DEVON
CHURCHILL: REVISITED
We first featured this glorious project a few issues back when in its early stages of planning. We are now proud to present it once again following completion.
The last word in stylish, highend holiday living in the heart of the country has been achieved through a project overseen by our highly skilled architectural team. The resulting Churchill is breathtaking ñ bringing new life into disused farm buildings and boosting wildlife. Barn owls roost in the nearby trees and there are more bats in the area than ever. Part of the planning permission required accommodating a bat lo and addressing a range of ecological issues.
ìItís paradise in a rural se ng,î says delighted farmer and landowner Anthony Jeanes. ìWe have seen a visible increase in wildlife activity. It proves you can carry out a conversion project and work in harmony with each other.î
The project took 13 months and was overseen by contractors W. Coombes & Sons, of Ilminster, a fi h generation building firm, which has just celebrated 150 years in business. The first paying guests enjoyed the facilities in July 2021 and unsurprisingly Churchill is booked up well into 2022.
The architectural team headed up by Lead Architect Michila Wilks RIBA came up with a plan that was sympathetic to the original building, while incorporating the best of modern design. Extensive alterations, refurbishment and extension of the original building have resulted in a magnificent transformation from tired disused barn to the ultimate luxurious haven.
The swimming pool, which is housed in the original barn is a real showstopper. It incorporates the barn beams and original stonework with enormous modern glass doors, which allow light to flood the space. It offers everything you could possibly require from a rural escape. The indoors and outdoors blending seamlessly via a large glass fronted balcony that gives uninterrupted views of endless rolling hills and fields.
Understandably architect Michila Wilks is delighted with the result. ìIím so thrilled. It was a good scheme on paper and it makes my job all the more worthwhile when it all comes together,î she said.
Churchill features a spa hall with heated pool, sunken hot tub and sauna, a wellequipped games room, a cinema room and outdoor space for play and alfresco dining.
The fact that Anthony Jeanes had a clear idea of what he wanted clearly helped. The Development Land and Planning Department had also transformed neighbouring Beaverbrook ñ a former barn to a highend holiday let. They used the template of Beaverbrook to inspire an even more spectacular build for Churchill, assisted by a good set of contractors and local cra smen to bring the idea into reality.
ÑIt s paradise in a rural settingâ
GTHís work with farmer and landowner Anthony Jeanes dates back decades. The firmís agricultural division was initially involved with the Cricket Malherbie site when Mr Jeanes ran a large dairy herd. More recently he decided buildings on the farm were no longer fit for modern agricultural use and set about the process of converting them for commercial space.
This proved a lengthy and arduous process, but a er six years Robert Clark, Commercial Partner at GTHís Yeovil office, secured planning consent to transform the barns for office use. An American firm took out a longterm (10year) lease on the offices, but unfortunately had to pull out a er two years leaving the future uncertain.
Again Mr Jeanes turned to GTH and full planning and listed building consent was gained to change the use to residential. The resulting Beaverbrook, named a er newspaper magnate Lord Beaverbrook, a previous owner of the land, was completed and has been run as a successful holiday let.
Spurred on by the success of Beaverbrook work began on the appropriately named Churchill in June 2020 ñ Winston Churchill was a longtime friend of the lord and a guest at Cricket
Malherbie. Both properties are let out by groupstays.com, a Somersetbased accommodation site, which specialises in luxury properties for large family groups.
The interior design is the domain of Anthonyís wife, Jo, who has a flair for making the spaces both welcoming and luxurious.
To find out how we can help convert your plans into reality, please contact the Development Land and Planning Team on 01823 334466 or email michila.wicks@gth.net
Photos provided by W. Coombes & Sons
of Architectural and Design Services
Original drawings produced by Michila and her team
Michila Wilks
Head
A charming Grade II Listed country co age nestled at the heart of this peaceful rural hamlet betwixt Exmoor National Park and the Quantock Hills. Deligh ul orchard meadow area and tremendous countryside views. EPC Exempt.
WILLITON, SOMERSET
GREENSLADE TAYLOR HUNT
SOMERSET, DORSET
1 4 1 2 4 2
A beautifully presented four bedroom bungalow situated in a desirable area of Tiverton. The property has been completely renovated throughout and now provides modern and contemporary living with a wow factor. EPC band C.
Guide Price £695,000
Tiverton Office: 01884 243000
Rose Co age is a charming immaculately presented co age in a quiet lane on the outskirts of East Huntspill. The property originally dates from the 1800s and has been updated and improved over the years. EPC band E.
Guide Price £615,000
BurnhamonSea Office: 01278 782326
TIVERTON, DEVON
THE VALUE OF LAND
Richard Webber, Partner in our South Molton office, comments on the agricultural land market in the South West, looking back at 2021 and predicting what 2022 may hold in store.
2021 IN BRIEF
There has been a continued shortage of good quality land and large commercial holdings coming to the market, despite there being plenty of interest and demand for these opportunities.
Nevertheless, Greenslade Taylor Hunt had another very busy year in 2021, successfully selling almost £60M of farms, smallholdings and agricultural land, which was up 43% on the previous year. The actual acreage sold remained fairly constant around 3,000 acres, reflecting the be er quality property available and the rising value of farms and land.
Across our area bare land values vary tremendously, with £15,000+/acre being achieved for arable land in the Taunton and M5 corridor, down to £2,500£3,500/acre for land on the Somerset Levels or hill grazing on Exmoor. In North Devon values are tending to range between £5,500 £7,500/acre for decent pasture, with be er quality pasture and arable generally £6,500 £9,000/acre. There are of course always exceptions to
the rule, and these still tend to be dictated by situation and local competition.
SUSTAINED DEMAND FOR FARMS AND LAND
With Brexit now behind us, despite the planned cuts to BPS and increasing input costs, improved yields and strong agricultural commodity prices have undoubtedly provided a confidence boost. This has resulted in adjoining local farmers, landowners and agricultural businesses keen to snap up larger blocks of land. How long this confidence will last remains to be seen, with the Sustainable Farming Incentive (SFI) and ELMís ëpublic money for public goodí schemes unlikely to offer the same income as BPS and average annual agricultural input inflation currently running at over 20%. Nevertheless, genuine opportunities to expand for most are rare, sometimes once in a lifetime, and where possible need to be exploited by those who are commi ed to the industry long term.
Sales of development land continue to provide rollover funds, and this has undoubtedly played an influential role in the sale of larger farms. Land owning also remains an a ractive option when it comes to capital taxes and the threat of the government revising the associated reliefs seems to have diminished, at least for the time being. We continue to experience an ever widening purchaser base for land and farms, and it is likely that these factors will maintain, and quite possibly increase, values over the short to medium term.
The ever present demand for lifestyle farms has been further heightened by the pandemic and the need to find space, privacy and solitude for oneís personal health and wellbeing is a principle aim of many purchasers relocating to the South West. Demand from the environmental sector for tree planting, carbon offse ng, carbon sequestration and rewilding are likely to have a major influence on land values in the years to come. Of course, smaller land parcels generally sell to nonfarming buyers, with a whole ra of weird and wonderful potential end use ideas.
HERE AND NOW
At this early stage in the year we are receiving a very strong level of enquiries from prospective purchasers seeking large, good quality commercial farms and blocks of agricultural land and this bodes well for those farmers who may ultimately decide to come to the market in 2022.
MRICS, Partner and Vice Chairman
Richard Webber
LUXURY LIVING FOR LOCAL RETIREES
Local retirees can now enjoy living their retirement years to the full thanks to a choice of retirement developments from McCarthy Stone; Casterbridge Court in Dorchester, Pym Court in Topsham, and Kingfisher Court in Taunton.
All three developments present a choice of low maintenance and spacious apartments which offer all the home comforts for a relaxing retirement, as well as a host of social and leisure activities and amenities right on the doorstep.
Each development has been specifically designed to ensure retirees can spend their retirement enjoying all of the things they love, rather than worrying about the upkeep of a larger property, and offer two exclusive options to suit all stages of retirement. The Casterbridge Court Retirement Living development features a choice of spacious and stylish one and twobedroom apartments for those aged 60 and over. Meanwhile, the Pym Court and Kingfisher Court Retirement Living Plus developments, which are now selling offplan, have been designed for those aged 70 and over.
The developments also have plenty to offer the most discerning retirees, with stylish fixtures and fi ngs, including top of the range builtin appliances in every apartment. Beautifully landscaped gardens are maintained all year round at each development and will be the se ng for many social activities during the summer months. It is reassuring to know that the
three developments have a 24hour emergency call system in place to provide emergency assistance should it ever be needed. At Casterbridge Court, a House Manager is available during office hours to oversee the daytoday running of the development, and to help with anything you might need to enjoy the independence of your new home. At Pym Court and Kingfisher Court, a trained estate team is on hand to manage the development 24hours a day, and retirees also have access to flexible domestic care packages which can be tailored to provide varying levels of support, and there is also a bistrostyle restaurant serving fresh food daily.
More than 9 out of 10 customers would recommend McCarthy Stone to a friend, ensuring it has received the full Five Star award for customer satisfaction from the Home Builders Federation for 16 years running. McCarthy Stone is the only UK housebuilder of any size or type to achieve this accolade for 16 consecutive years, which is every year the awards have been run.
For further information on McCarthy Stone, please call 0800 310 0383 or visit www.mccarthystone.co.uk.
PYM COURT
CASTERBRIDGE COURT
ABOUT MCCARTHY STONE
McCarthy Stone is one of the UK's leading developers and managers of retirement communities. Its customers maintain their independence within a beautiful, secure, contemporary private home, while enjoying the peace of mind that help and care is on hand if needed. Its communities make a positive difference to the lives of its customers and the organisation is focused on supporting and championing the role, wellbeing and happiness of older people in society.
McCarthy Stone has two main product ranges Retirement Living, and Retirement Living PLUS. Retirement Living developments provide independence in private apartments designed specifically for the over60s, as well as facilities such as communal lounges and guest suites that support companionship. Retirement Living PLUS developments, which are a form of Extra Care housing, are designed specifically for the over70s, offer all of this plus more onsite facilities such as restaurants, wellbeing suites and function rooms. Importantly, they also provide onsite CQCregulated care and support packages to assist those needing additional help.
All developments built since 2010 are managed by the company's inhouse management services team, providing peace of mind that it will look a er customers and their properties for the long term. As of November 2021, McCarthy Stone operates 475 developments across the UK for more than 20,000 people.
McCarthy Stone's commitment to quality and customer service continues to be recognised by residents. In March 2021, the Group received the full fivestar rating for customer satisfaction from the Home Builders Federation for the sixteenth
KINGFISHER COURT
consecutive year, making it the only UK developer, of any size or type, to achieve this accolade.
Sarah Hall, Associate and Head of New Homes, says: "We are delighted to be working with McCarthy and Stone, they offer a fantastic product and service within the retirement sector."
ìWe will be working with them on four developments across our branch network, including the three we are pleased to announce in this issue. Our Dorchester, Taunton, Tiverton and Honiton branches are all looking forward to forging a great working relationship with the team, and being on hand to offer retirees some of the best accommodation around."
Our dedicated New Homes department offers a range of exclusive developments across the South West. Contact us today for help in finding your new home.
For all our New Homes enquiries, please contact our dedicated department at: new.homes@gth.net | 01823 334466
Sarah Ha Head of New Homes
A rare opportunity to acquire a most a ractive and adaptable country property set within the seclusion of its surrounding land, extending to around 20.75 acres, enjoying fine views and offering scope for further enlargement.
EPC band D.
Guide Price £1,100,000
Tiverton Office: 01884 243000
TIVERTON, DEVON
GREENSLADE TAYLOR HUNT
This unique and characterful detached Victorian home occupies a prominent and central position within the sought a er village of Porlock. Currently run as a successful bed & breakfast which has been updated and refurbished in recent years. EPC band D.
Guide Price £625,000
Minehead Office: 01643 706666 4 6 6
MINEHEAD, SOMERSET
GREENSLADE TAYLOR HUNT
WADEFORD
CHARD, SOMERSET
3 3 3
A beautifully presented detached period co age set in gardens and grounds of approximately 2.2 acres and enjoying seclusion without isolation. The property is quietly tucked away in this favoured hamlet. EPC band F.
Guide Price £795,000
Chard Office: 01460 238382
The Wagon House is a beautifully presented detached barn conversion which was converted in 2019 to an exceptional standard with fantastic views in a popular village location. EPC band C.
TAUNTON, SOMERSET
DORCHESTER, DORSET
1 3 3
With features dating back to the 15th century this a ractive home has an abundance of character throughout and forms part of the most sought a er Stinsford House development. EPC Exempt.
Offers Over £525,000
Dorchester Office: 01305 268786
STALBRIDGE, DORSET
4 3 1
A substantial Georgian house steeped in history, built in the mid18th century, with a ached historical forge, workshop and spacious gardens. The property is steeped in history, remaining in the family of the original owners until 2014. EPC band D.
Guide Price £625,000
Sherborne Office: 01935 813577
WELLS, SOMERSET
A luxury home si ng within 17.5 acres of the prestigious Wellesley Park with superb open plan living area and luxuriously appointed kitchen. Private garden and use of the shared private tennis court and spa that includes a swimming pool and gymnasium. EPC band D. Guide Price £640,000
Rural Life by the sea!
Melplash Agricultural Show is a true celebration of farming and rural life by the sea!
The Melplash Show is the annual event that locals and visitors to Bridport and West Dorset most look forward to. Taking place at the West Bay Showground it is a traditional oneday agricultural show that brings together the best of farming and rural life. For farmers and those that work on the land it is a chance to show others what they do and a time to enjoy meeting up with their peers and associates; for those that are not so familiar with farming it is an opportunity to get to know more about what is involved while having a funfilled day out with the family.
With farming still very much at the heart, visitors have the rare opportunity to see closeup the finest farm animals in the area as they compete for the top prizes. For horse lovers there is always an outstanding selection of horses and ponies on show, including heavy horses and show jumping. For the younger generation there is masses of fun to be had. To help them connect with food and farming, the dedicated Discover Farming and Explore Farming Marquee will be packed with handson farm to plate activities along with the latest technology in farming and the
chance to find out about the exciting careers that are available within agriculture today.
A visit to the horticultural, floral arts, home produce and handicra competition tents is always a highlight of the day and a chance to marvel at not just the size of the vegetables and beautiful floral displays but also the exceptional talents there are in the area.
In the Bradfords Building Supplies Main Ring this year the Society is excited to welcome for the first time The Devilís Horsemen, a worldfamous horse and rider stunt team whose work in the film industry has seen them appearing in films and with many top stars. When not filming they love to entertain live audiences with their breathtaking stunts and tricks.
Other a ractions include numerous walkabout acts including Strawberry Jam Clown, FB Pocket Orchestra and Sheridan the Sheepdog, a fun packed countryside arena offering everything from ferret racing to gun dog displays, you can even enter your own dog in the terrier races! The highlight of the day is the Grand Parade of prizewinning animals and the presentations of the top trophies.
Alongside there are over 400 trade stands offering a wide range of products and services spread across three fields including two indoor cra and trader marquees, a large food hall full of awardwinning produce, cookery theatre with live demonstrations throughout the day and a fantastic selection of ëfood to goí.
Melplash Agricultural Show 25th August 2022
Advance tickets are available to buy online at the early bird price of £17 each, children, 16 years and under, go free, and wellbehaved dogs on leads are welcome. A ractive membership packages with excellent Show Day benefits are available.
Visit www.melplashshow.co.uk to keep up to date with news and information or follow Melplash Show on Facebook, Twi er and Instagram.
ìHaving had a twoyear break due to the pandemic we are determined to make this yearís Show one of the best. As always it will feature many of the traditional aspects of an agricultural country show along with plenty of new and exciting visitor a ractions. There really will be something for everyone, with lots to see and do for all the family to enjoy whether itís being blown away by the horses and stunt riders of The Devilís Horsemen in the main ring, browsing the many retail stands, enjoying the hospitality at one of the business trade stands, stopping for a tasty bite in the Food Hall or a pint in The Melplash Inn, we are sure youíre going to have another amazing Show Day!
said Show Secretary, Lucy Hart.
MINEHEAD, SOMERSET
A most a ractive Grade II Listed dual occupancy farmhouse with additional barn, wrap around driveway and grounds representing a mature wildlife haven. EPC Exempt.
Guide Price £775,000
South Molton Office: 01769 574500 UMBERLEIGH, DEVON 3 5 4 2 4 3
Occupying a fine position on the edge of the town, enjoying sweeping views from the rear towards North Hill, St Michael's Church the coast and with easy access to Hopco and Periton where many deligh ul walks can be enjoyed. EPC band C.
Guide Price £675,000
Minehead Office: 01643 706666
THE OCTAGON SALEROOMS: STAND-OUT FIGURE
It's always a delight wandering through the rooms at our auction house, The Octagon Saleroom. With each visit you're guaranteed to find new and exciting items that have found their way into our monthly sales.
One of those unique items was the large 19th Century lay figure that Auctioneer and Valuer, Simon Rayner, discovered on a house visit. It stands at 100cm tall and is in good condition, apart from the loss of part of a li le finger and the nibbling to toes by the vendor's dog. A lay figure is used by artists and sculptors as a standin for a person. They were regularly used to drape clothing and materials from, and come in many different sizes.
"I spo ed the lay figure in the window during the house call. The vendors initially wanted me to take a look at some different items, but once I spo ed this, I mentioned that it was just the sort of piece which could really take off at auction.
It's such a good size and colour, interested parties would know they would need to snap it up, as it's unlikely you would see another."
As always with valuing such unique items, you have to be careful with the guide price you set. You want to a ract a ention, whilst also avoiding undervaluing the item to the extreme that the reserve price is less than desired.
Simon said: "We discussed the value with the vendors, as well as the potential for success at different price points. We se led on a figure in the midhundreds to a ract buyers, knowing it was likely to go for much more."
When the sale came around, Simon's intuition was right on the mark and the lay figure sparked a lot of interest amongst bidders.
Eventually the hammer came down at an impressive £7,000 (before fees), selling to its new owner in the Cotswolds.
"The vendors were extremely pleased with this result, and it goes to show a house call can be extremely useful! We enjoy finding these items, and pride ourselves on having a good eye for what sells well in the everchanging market." said Simon.
Our valuers offer free home visits, instore valuations, and consultancy on your antiques and collectables. They hold monthly sales, including a range of specialist feature sales throughout the year.
Who knows, maybe you could have a hidden treasure stored away somewhere too? Why not find out?
For more information, to consign items, or to book a FREE valuation, please contact the saleroom on 01823 332525
Simon Rayner
The 19th Century lay figure, posing in a chair with one of our sale catalogues
Valuer and Auctioneer
THE OCTAGON SALEROOMS
Monthly Antique Sales include jewellery, silver, ceramics, oriental items, furniture, pictures and collectables. Collectors Sales take place quarterly and our West Country Sporting Sales are biannual in the Spring and Autumn.
FREE valuations and advice are available at the salerooms or at your home.
01823 332525 | antiques.saleroom@gth.net
TAUNTON, SOMERSET
3 6 2
A striking period residence with beautiful gardens and grounds on the edge of this much sought a er town. This imposing period property was built in 1890 by the owners of the local brewery to an architect design and has a real feeling of grandeur. EPC band E.
Guide Price £850,000
Taunton Office: 01823 277121
2 4 4
An incredibly stylish modern home, with beautifully presented accommodation, private gardens, gated entrance, double garage with study above, and summer house, all situated on an exclusive development in the popular village of Ashco . EPC band B.
Guide Price £875,000
Wells Office: 01749 605605
HARRIET MAKES THE GRADE!
Harriet Pike MRICS is celebrating a er gaining her crucial Chartered Surveyor qualification. She earned her important membership of the Royal Institution of Chartered Surveyors while juggling her role as a graduate surveyor at Greenslade Taylor Huntís Sedgemoor Agricultural office. Harriet believes the combination of working while studying really helped ñ rather than merely revising from books she was able to take the practical experience of her work into her learning. This is her story:
What do you enjoy about working here?
Each day is different. The work we are involved in is extremely varied, with both arable and livestock farms and an extensive range of rural properties across the counties of Somerset and Devon. I really enjoy spending time out of the office, visiting our clients on the farm and in the field. I also enjoy working at our machinery sales, which are held on farm and at Sedgemoor Auction Centre and I enjoy my role of booking in the store ca le and clerking during the sale of pigs at our weekly Saturday market.
Since I started working at GTH, I have been given considerably more responsibility over time but have received plenty of support and training in the interim. It is important to understand your clientís objectives and be able to seek out opportunities. I am especially enjoying the rural professional work of advising clients on Countryside Stewardship Capital Grant schemes and MidTier applications and submi ng on their behalf.
What work have you been involved in?
I say I manage clientsí agricultural property and land por olios but that just scratches the surface. I can be found out valuing
farms and agricultural land across Somerset and Devon or producing farm business tenancies and licences for a longstanding client who owns a large land por olio with parcels ranging from 0.5 of an acre to 185 acres. Or I could be booking in machinery at our bimonthly collective machinery sale and lo ng up machinery out on farm prior to a sale, assisting with viewing days for the sale of both agricultural machinery and farm holdings, providing advice on environmental schemes and grants or selling at our monthly general sale and poultry sale.
Has there been a day that has stood out for you?
One of the busiest days I have experienced here was being involved with both a dairy sale held at Sedgemoor Auction Centre and a machinery sale out on farm. During the morning I helped lot up the remaining dairy cows prior to the sale and during the sale itself I was manning our online bidding system, Marteye. In the a ernoon, I a ended a farm to lot up machinery ahead of the sale due to be held online. I enjoy meeting and interacting with the vendors prior to a sale and accommodating last minute entries prior to the sale.
Agricultural Surveyor
Graduate Schemes
LANGPORT, SOMERSET
@The Orchard is an exclusive development. Plot 12 The Lynton, is a superb detached family home, offering versatile living space including a kitchen/diner with family area, utility room and separate living room.
Guide Price £450,000
Langport Office: 01458 250589
LYNTON, DEVON
3 4 3
Hunters Lodge represents a superb property package, occupying an outstanding position enjoying views over the picturesque East Lyn river and surrounding Exmoor countryside. The property is a detached period house dating back to the early 1900s. EPC band D.
Guide Price £575,000
South Molton Office: 01769 574500
TAUNTON, SOMERSET
A highly a ractive and individual co age, with expansive and beautifully presented living accommodation, private and pre y garden, home study and situated in the thriving and sought a er village of Hatch Beauchamp.
UNDER OFFER | Guide Price £305,000 Ilminster Office: 01460 57222
WILLITON, SOMERSET
2 4 2 1 3 1
A substantial family home set in approx. 2 acres of mature gardens and woodland. The property features a separate detached building which is currently used as a bar which has potential to convert into ancillary accommodation (subject to the relevant planning consents). EPC band G.
Guide Price £900,000
Yeovil Office: 01935 415300
This lovely bungalow boasts an elevated position which provides superb views out across the village, towards North Hill, down towards the coast and to the Quantock Hills. EPC band C.
Guide Price £360,000
Williton Office: 01984 632167
HARDINGTON MOOR, SOMERSET
SOUTH PETHERTON, SOMERSET
An outstanding, rare and hugely exciting opportunity to acquire a magnificent four bedroom detached house, with outbuildings and garages, set in grounds of circa 1 acre in the heart of this highly desirable village. EPC band D.
An immaculately presented, charming character three bedroom detached house plus a self contained a ached side annex/additional accommodation ideal for holiday le ng. EPC band D.
UNDER OFFER | Guide Price £399,950
BurnhamonSea Office: 01278 782326 1 3 1
BURNHAM-ON-SEA, SOMERSET
GREENSLADE TAYLOR HUNT
1 6 4
Flossy Brook is a purpose built holiday lodge in the heart of the Blackdown Hills, bordering both Somerset and Devon, and occupying a location within a meadow and surrounded by open countryside. EPC band C.
UNDER OFFER
Guide Price £850,000
Chard Office:
01460 238382
RIVEL, LANGPORT
2 4 2
An exceptional period home in the sought a er village of Curry Rivel. Finished to a beautiful standard throughout, offering generous accommodation, an a ractive, enclosed garden, home office, garaging and offroad parking. EPC band D.
UNDER OFFER
Guide Price £600,000
Langport Office: 01458 250589
CURRY
BUY-TO-LET: NOW IS THE TIME
Over the past two years we have experienced perhaps the busiest housing market in recent times for both sales and le ngs. The demand for rental properties remains high, whilst stock levels are very low.
Shona Medcro , Le ngs Manager in Tiverton, notes: ìIf you have been considering a buytolet investment property, now would be the perfect time as here at GTH, we have a steady stream of applicants registered, and extremely keen to find a rental property. Itís also a great time to invest with buy to let mortgages opening the door for more people.î
We recently caught up with Neil Wya from Cooper Associates and here he provides an overview of the current mortgage market.
ìThe good news for landlords is there are now more mortgage options available to you than at any point since the start of the pandemic. A er a tumultuous year we have seen normal market conditions return, with buytolet lending returning to prepandemic levels. The market is very much open so no ma er whether you are embarking upon your first buytolet mortgage or you are an experienced por olio landlord, the facilities are available.
ìThe Bank of England recently raised interest rates from 0.25% to 0.50%. This was the second increase in the space of two months and is a measure to tackle the continued rise in inflation. With inflation continuing to surge, further adjustments to interest rates in the coming months are anticipated, and it is possible there will be two or three increases throughout 2022.
ìWith further rate rises expected, it is more important than ever for home movers and investors to secure a good, longterm mortgage deal now. By utilising a whole of market mortgage broker you can check the best rates which are available to you.
ìThere have been more than 200 new deals for property investors launched in the last month alone. In addition to this, new data shows rental demand is rising significantly.
In the table below Cooper Associates have provided a snapshot of the best rates currently available* on buytolet mortgages.
*As of February 2022. Please consult Cooper Associates for more information GTH cannot provide mortgage or financial advice.
GTH has a close relationship with Cooper Associates Mortgages and they would be delighted to guide you through your next buytolet purchase or remortgage. They offer a feefree, whole of market service, backed up by significant experience in assisting landlords with financing their properties.
If you are due to remortgage in the coming months, we advise you speak with one of their mortgage advisers as soon as possible, to take advantage of the best rates available. A mortgage offer can be obtained up to six months in advance, allowing you the peace of mind to secure a rate now and not be affected by any future increases to the base rate.
Shona continues: ìWe appreciate the thought of becoming a Landlord can be daunting, but we can provide consultancy at the start of looking for your investment property with the help of our network of offices across the South West, through to a range of tailored management packages when youíre ready to let.î
LETTINGS PROPERTIES...
If an investment property is something you have been considering, please do not hesitate to contact your local office where our friendly teams would be more than happy to assist and answer any queries you may have. www.gth.net/contact
2 4 2
Weíre proud to offer this wellpresented detached family home in a popular area of Chard. Property includes gas central heating, double glazed, garage, parking and gardens. EPC band D.
TO LET | £1,500 pcm
Chard office:
01460 238388
Le ngs Manager, Tiverton
DORCHESTER, DORSET
2 2
This impressive flat property offers open plan kitchen/living area, with a large balcony running the length of the apartment. Situated in the desired town of Dorchester with underground allocated parking. EPC band C.
LET
£1,250 PCM
Dorchester office: 01305 268786
SOMERSET 3 2 1
A spacious terrace co age, presented to a high standard throughout with a ractive rear garden adjoining farmland and benefiting from a separate plot a short distance from the property offering a garage & parking. EPC band E.
TO LET
£925 PCM
Ilminster office: 01460 207333
ILMINSTER,
