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Thursday, 21 December 2017 16:15

Canon Pyon, Hereford

 

15.27 hectares (37.73 acres) of arable and pasture land available by informal tender as a whole or in lots.

Wednesday, 20 December 2017 16:10

Barn Conversion With Convenience

Granary House is located in the pretty hamlet of Edge, near Yockleton. It is a charming three bedroom barn conversion and is on the market with Balfours.

Located less than eight miles from Shrewsbury and three from Pontesbury, Granary House is in a quiet rural location, yet with good access to services, including schools and the major road networks.

This grade II listed property has been finished to a high standard, including solid oak internal doors and generous down lighters which highlight character features. From the reception hall, double doors beckon to the lounge/dining room which benefits from dual aspect windows. Here the seasonal focal points are the inglenook fireplace with wood burner and French doors to the garden.

The kitchen breakfast room offers ample storage cupboards in cream finish, complementing the wooden worktop and floor, while black electrics, including a large Range Master oven proving a contrast.  A cloakroom and under-stairs storage completes the ground floor. Upstairs the master bedroom is en-suite, there are two additional bedrooms, one with built in wardrobes, plus a family bathroom.

Agent, Duncan Scobie of Balfours comments: “The property is very well presented. It provides garden to the front and rear, including patio area. There is a rare feature of a double garage set within the curtilage of the plot.  Balfours are marketing Granary House with a guide price of £342,000, for more information call Duncan Scobie on 01743 353511.

Please click here for further details.

Granary House Main

Granary House Lounge

Granary House Kitchen

Granary House Bedroom

 

Monday, 18 December 2017 09:28

Wrentnall, Shropshire

 

A five bedroom former farmhouse with well stocked south facing gardens, a large barn and 4.29 acres (1.74 ha). No upward chain.

Monday, 18 December 2017 10:25

Raising Finance – Is Now More Involved

We want to raise finance, probably £500,000 to fund several projects on the farm, including a third broiler house and a house for myself and my fiancé on the farm. Dad took a business loan half that sizeten years ago and he says the bank were very good, just a few formsand we had the money through a few weeks later. My friend says it is much more complicated these days, who is right?

Your friend is correct that increasing legislation and compliance is creating challenges for those seeking to raise funds. 

You have to prove the loan is affordable by demonstrating that there is sufficient cash in the business to make the repayments; also to carefully consider the value and suitability of the security being offered. Both these aspects now need greater consideration than before by whichever financier you approach, including ourselves as agents for the AMC.

You mentioned building a house on the farm, unfortunately since the Mortgage Credit Directive was introduced business loans can no longer be used for personal expenditure and that includes private house purchases, tax bills or other personal debts.

Anti-money Laundering (AML) requirements put pressure on timescales. Admittedly it is easier if you are looking for a loan from your existing bank but if you are considering moving to a new lender for a better deal, then full ID interrogation will be needed. Some clients, particularly trusts and charities also face questions relating to the original source of their wealth.  With you and your father, may I suggest you have an early fact finding meeting with me at this formative stage?

The process of securing a business loan from a new lender is significantly more onerous and can take from several weeks to several months depending on the complexity. Preparation is key; furthermore you must be made formally and demonstrably aware of the choices and implications of opting for fixed rate loans and the possible costs of redemption fees for early repayment. You will of course be aware that currently rates remain extremely favourable and in that regard time is of the essence.

I feel confident that together we can compile a strong case for the finance you are seeking. However I fear that today, unless you, or your father, are happy spending considerable time in the office, accessing such a loan is a minefield of form filling and information disclosure. As an AMC agent however we do the work for you and are regularly submitting applications on behalf of clients and I am pleased to say that in 2016 Balfours were rated the top AMC agency in the area, successfully securing more finance for clients than any other agent in the region.

Finally I am sure that there will be a viable route for your proposal to finance a new home for yourself and your fiancé, the first step will of course be planning permission – and that is something on which my colleagues would be happy to advise you. Rory Galliers, partner Balfours and AMC agent This email address is being protected from spambots. You need JavaScript enabled to view it.

Friday, 15 December 2017 16:58

Much Wenlock, Shropshire

 

A contemporary country house built in 2014 together with 44 acres, outbuildings, private runway and helicopter access.

Friday, 15 December 2017 15:59

Nesscliffe, Shropshire

 

A period sandstone house with detached barn set in 0.85 acre (0.34 ha) plot and paddock.

Shropshire has enjoyed a steady and remarkably certain property market during the past twelve months; indeed since the whole Brexit debate heated up nearly two years ago, perhaps the most uncertain time was just prior to the Brexit vote, writes Alistair Hilton Head of sales at Balfours.

I began writing this the first week of December, when at Balfours we were processing a number of sales agreed and exchanged during the Brexit wobble week. Then as the news came through that the British Government had agreed the first phase of the Brexit talks, we were taking instructions to launch several properties to the market and being asked to put several completions through, one for Christmas week.

This “legend,” that the late autumn and winter property market is quiet, certainly doesn’t hold credit at Balfours. We have seen a steady three to five per cent increase in house values throughout Shropshire during 2017. Shropshire has weathered the uncertainty of Brexit exceptionally well, operating in a more insular domestic market with confidence in buyers and sellers alike.

It remains too early to judge the effect the abolition of stamp duty on first time buyers will have – but one suspects that the chancellor’s gesture is a gesture which will be acted upon – and Shropshire has a good stock of homes which will fit the bill.

After deadlock, the breakthrough in the Brexit talks in the 11th hour paves the way for trade agreement talks, empowering Britain – and instilling confidence. This was a crucial stage for the economy, regarding the positive relationship Britain and Europe could achieve – and thereby freeing markets to proceed with confidence.

Going forward into 2018 we all have a better picture of what Brexit looks like and significantly, the knowledge that this is now unlikely to be a divorce where Britain is left out in the cold.

Throughout Balfours territory, Shropshire, Staffordshire and border counties, the residential town and rural markets, development and agricultural land have enjoyed a hugely positive year and running right through to the festive break. For 2018 demand will dictate what will happen to property prices. We don’t anticipate a huge influx of new stock coming to market, enabling prices of good quality, and well marketed, well priced stock, to be a commodity remaining in high demand. Alistair Hilton, is based at Balfours office The Square, Shrewsbury,  This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Thursday, 14 December 2017 14:40

Ellerdine, Shropshire

 

Beautifully converted former village school set within the idyllic Shropshire countryside.

Tuesday, 12 December 2017 16:36

Newport, Shropshire

 

A five bedroom detached house surrounded by gardens and adjacent to the River Meese.

Tuesday, 12 December 2017 16:20

Award Winning Historic Long House To Let

If you are seeking to optimise your lifestyle surroundings, then a restoration award-winning, unique half-timbered aisled hall house, dating to the mid-15th century could be the answer. Balfours has instructions to let the three- bedroom Long House, Ty Mawr, Castle Caereinon, Ty Mawr meaning ‘Big House’ of its day.

Today the timber-framed home comprises of a magnificent full-height sitting room with a 17th century fireplace, a second south facing reception room, a study and kitchen. There is a master bedroom with en-suite, together with two further double bedrooms which have an adjacent bathroom. Part of this fine house is opened to the public, by appointment only.

Head of lettings at Balfours, Charlotte George MARLA, explains: “This is a truly unique and fabulous home with the most amazing timber frame; Ty Mawr is a rare surviving example of an important late medieval house typical of the Welsh Marches. While it dates to around 1460, it actually had been neglected to a point where in the 1970’s it was virtually derelict, partially clad in corrugated iron and housed farm stock.”

However, in 1971 it was rediscovered and ultimately fully restored in 1998 to its 17th century appearance, the restoration work winning the RICS “Building of the Year” award in 2000 for Shrewsbury builders’ Frank Galliers who undertook the work for the Powis Castle Estate and CADW – the historic building body for Wales. Today 21st century facilities include full oil central heating, garage and workshop outbuilding, parking and surrounding garden area.

Its rural situation at Castle Caerenion, provides a primary school, shop, public house and church, together with stunning scenery and walks. Full amenities area available at Welshpool just four miles away, with Newtown and Shrewsbury 13 and 23 miles respectively.

Pictured Charlotte George (Balfours) and Tom Till (Powis Castle Estate Manager).

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