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4 bedroom detached house for sale

Braceborough, Lincolnshire

Sold STC £495,000

Property Description

Full description

A Grade II listed Georgian Farmhouse in the delightful village of Braceborough
A substantial residence of about 3550 sq/ft set in a good sized garden
Recently renovated: held for many years as an income producing investment with the most recent tenant paying £21,000 per annum
Paddocks of circa 5 or 10 or 20 acres available elsewhere on the Estate (near Spa Lodge Farm)
Architectural drawings available
Situated about 7 miles from the historic town of Stamford

Two Reception Rooms
Master bedroom with en suite
Three Bedrooms
Study
Family Bathroom
Conservatory

Stop Press: Ivy Farmhouse – Braceborough

The guide price of Ivy Farmhouse is now only £495,000 - the guide price having been reduced, in stages from £750,000 to £495,000. This is only circa £138 per sq/ft, and in our view represents good value: for example, the property opposite, Ivy Farm Cottage has been sold for circa £220 per sq/ft (total sale price including Shepherds Hut £337,000), whilst Delacroix Lodge, a barn conversion only a few hundred yards away, sold for £247per sq/ft (£440,000 the total sale price). Whilst Delacroix Lodge is a lovely property, in our view Ivy Farmhouse is even lovelier and has a much larger and better garden.

We encourage prospective buyers of property on the Braceborough and Greatford Estate carefully to evaluate the merits of Ivy Farmhouse – in our view an excellent property at a very competitive price, especially if one analyses property in terms of the price per square foot. Ivy Farmhouse has also been subject to a repairs programme. The owner of the Braceborough and Greatford Estate is in the market to sell property!


Please be aware that the immediate land adjacent to the property is not available due to the fact that the estate's long held aspiration is to build more houses in the village of Braceborough.


Braceborough

The village is one of sequestered charm, enhanced by several thatched cottages and a mix of the old and the new. Excellent train links to London and the North run through Peterborough (approximately. 12 miles). The A 5 and the A1 are located nearby for easy commuting by road. There is a good range of both private and state schools within the local area, including Stamford Endowed Schools, Oakham and Uppingham.

Description

Pride and Prejudice

It is a truth universally acknowledged that a woman, or man, in possession of a good fortune is in need of a Grade II Listed Farmhouse. Ivy Farmhouse (about 3,550 sq. ft) is just such a dwelling; this well-proportioned Grade II Listed Georgian residence is situated in the delightful South Lincolnshire Village of Braceborough.
Whilst in Pride and Prejudice some of the five Bennet sisters may have aspired to stately "Pemberley", nonetheless the Bennet family dwelt harmoniously in a small house that bore a passing resemblance to a typical Georgian Farmhouse, such as Ivy Farmhouse. Nonetheless the presence within Braceborough - or even within nearby Stamford - of a dashing Mr Darcy can by no means be guaranteed! The South Lincolnshire Wolds are renowned for their beauty, their rich farmland, and the area does indeed boast several grand houses - such as Burghley House, Stamford. It is believed the town of Stamford has been used as a setting for a number of costume dramas.

A Georgian Farmhouse

Whilst Ivy Farmhouse was, we think built in the 18th Century, the building has, in modern times, been extensively renovated: the standard attained is that of a well presented long-term income producing investment property (for that has been the historic role of Ivy Farmhouse) rather than that of a much treasured family residence. The house boasts a large garden. A keen gardener could quite easily re-create the type of planting that embellished the typical Georgian Farmhouse.


The Accommodation

This substantial Grade II Listed Georgian Farmhouse is constructed of coursed limestone rubble with ashlar quoins and dressings and red brick to the right hand bay with Pantile roof. Ivy Farmhouse enjoys many original features. On the ground floor there are 2 receptions rooms as well as a study, a well appointed kitchen with a large island, and conservatory. There are 4 bedrooms on the first floor and the master has an en suite bathroom. There is an attic room which could provide a further bathroom or playroom. The property occupies a delightful and quiet village location. This Farmhouse is being offered for sale for the first time for many years, having been owned and managed as part of the Braceborough Estate.

History as an income producing investment

Ivy Farmhouse has for many decades provided a significant income stream, and five year records of income receipts are probably available to interested parties. The Farmhouse was previously let for £21,000 per annum (£1,750 per calendar month). This, in terms of rental per sq.ft (approximately £5.91) is in our view a rather modest rent. We are of the opinion that providing a significantly higher specification would lead to a significantly higher rental level. Ivy Farmhouse is not being offered with any adjacent agricultural land. However, interested parties can inspect plots of about five, ten and twenty acres situated outside the village of Braceborough and towards the Spa Lodge area.

Braceborough History

Braceborough was mentioned in the Great Domesday Book 1086. It has had several spellings during the centuries such as Braseborg, Breseburc & Breseburg. Borg meant 'a fortified place' but it is uncertain as the true meaning of the Brase but it could be 'bold', therefore the village could mean 'a fortified place of the bold ones'. Braceborough was once known as Braceborough Spa, a secluded place of mineral springs visited by Victorian health addicts seeking a cure of their various illnesses, both real and imagined. The famous Dr Willis treated King George III here for his madness.

The nearby historical market town of Stamford

Stamford is a bustling, prosperous market town with a wide range of shops, hostelries and attractions. Proclaimed by Sir Walter Scott as "the finest stone town in England", Stamford was declared a conservation area in 1967. It has over 600 listed buildings of mellow limestone in the town centre including five medieval churches. Stamford has a fascinating history and escaped relatively unscathed despite Oliver Cromwells siege of Burghley House (one of the most impressive Elizabethan houses in England) and the visit of the fugitive King Charles in May 1643. After the restoration of 1660, the town recovered as improvement to the Great North Road encouraged road trade and the river was made navigable again by a canal. The consistency and quality of the houses and exceptional streetscapes

The Electrical System & Services

The electrical systems in Ivy Farmhouse in our view meets the quite demanding standards required of buy-to-let properties. In fact we believe Ivy Farmhouse meets an even higher standard in that according to Sadler Electrical Ltd the system in Ivy Farmhouse is in accordance with the BS 7671 Requirements of Electrical Installations 17th edition i.e. Ivy Farmhouse is in accordance with the standard demanded of new residential constructions. A new boiler was installed into the property in 2006. The property is fitted with hard wired smoke detectors and intruder alarms. The Farmhouse has oil fired central heating, mains electricity, mains water and sewage.

Fixtures, fittings and Chattels

All fixtures, fittings and furniture such as curtains, light fittings, garden ornaments and statuary are excluded from the sale, unless otherwise stated but are, nonetheless, available
for purchase.

Directions - Postcode PE9 4NT

From the A1 (travelling North) take the Stamford turnoff (A1175). At traffic signal turn right onto Wharf Road (Signposted Spalding A16 / Sleaford A6121), turn right onto
St Leonards Street (A1175), Turn left into Brazenose Lane, At traffic signals turn right onto St Pauls Street. At mini-roundabout bear left onto the A6121 (signposted Bourne), Turn right, Turn left, Turn right onto Church Lane - first drive on the right. We do suggest you use the Fisher German interactive map.

Viewings

Viewing is by strict appointment through the selling agents, Fisher German LLP, Tel. no. 01858 410200, and email harborough@fishergerman.co.uk. The property may be viewed on all days of the week because Managing Agents OHL Ltd (Tel: 01832 272264 Mobile: 07802 356171 and email: estate office@ashton.ohllimited.com) may conduct viewings on the instruction of Fisher German.

Important Note
The subject property is part of a larger estate. (The Braceborough & Greatford Estate), and as such it is subject to several obligations, details of which should be evaluated by a professionally qualified solicitor or expert in property matters. Both the vendor and the prospective purchaser understand that there remain a number of unresolved issues, including Title issues, parking, access to utilities including oil, water, electricity, telephone, internet and drainage. Any expenses incurred with regard to all fees and charges, including professional fees, including but not limited to solicitors and surveyors charges are incurred at each party’s individual risk. In view of the issues outlined above, prospective purchasers may wish to delay incurring costs until they are satisfied that they do wish to proceed.


More information from this agent

Listing History

Added on Rightmove:
03 July 2015

Map & Street View

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