Fancy escaping the rat race? Six homes in the country for sale with their own businesses – with one earning £315k-a-year
- MailOnline Property picks six countryside homes with established businesses attached
- They include a luxury beauty salon in the basement of a £2million detached house
- There is also an award-winning glamping business focused around two Yurts and a Gypsy wagon
- And there is a cattery with a farmhouse and an impressive turnover of more than £300k
If you’re thinking of escaping the rat race and changing your career along the way, then you might end up dreaming of properties for sale that can help you achieve your goal.
But what kind of home could do that? MailOnline Property went hunting for some and we have picked six homes with established businesses attached, ranging from an award-winning luxury campsite to a five-acre vineyard in the English countryside.
Our selection shows it is possible to earn money by running a business from home, with one having a £315,000 turnover. It will be hard work – and you need to remember that it’s profits that matter – but each of these homes with a business might help you live that dream.
Looking to escape the rat race? MailOnline Property reveals homes for sale with businesses attached, such as this vineyard in the Chilterns in Hertfordshire
Estate agent Cheffins reports an increase in people looking to buy a property with a business attached.
Bruce King, a director at Cheffins: ‘As working life becomes more demanding, we have seen an increase in those looking to escape the rat race and buy a property with a business attached.
‘The idea of escaping to the countryside and investing in a house with an up and running revenue-boosting business is just a dream for many people, and properties that offer this lifestyle change are popular with buyers, particularly those moving from London.
‘Typical businesses could be bed and breakfasts, airbnb apartments, livery yards and smallholdings, homes with shops attached or even home spas.’
This attractive Yurt is part of the award-winning campsite called Acorn Glade in North Yorkshire (see below)
Financing your project
If you’re considering such a dramatic lifestyle change, it is important to do your research to avoid potential pitfalls along the way.
The first thing you will need to know is what the business’s revenue, cashflow and profits are. You then need to do your due diligence on how sustainable those things are and consider whether you are likely to run that business at an increased or decreased level once you take it over.
Unfortunately, but understandably, the owners of such properties are reluctant to divulge this information publicly or in property listings. However, if you are serious about buying they will tell you. If you can’t get a straight answer to your questions, plenty of documentary evidence and access to accounts, you might consider it wise to walk away.
Residential properties with a business attached will most likely require a commercial mortgage. Typically the deposit will need to be around 30 per cent of the value of the bricks and mortar, while other lenders will lend up to 65 per cent of the total purchase price – which includes the house as well as the value of the business.
The requirements of a commercial mortgage are slightly different to a residential one as you are running a business.
For example, the minimum deposit required tends to be higher with commercial borrowing than on residential deals. Commercial mortgage rates also tend to be higher, at around 4 and 5 per cent.
This cattery In Nottinghamshire (see below) comes with a farmhouse and an impressive turnover of £315,000
Most lenders will want to see some evidence of experience of working in the sector, or relevant business expertise.
Lucy Barrett, of mortgage brokers Vantage Finance, explains that commercial mortgage deals will be subject to historic trading accounts of the business, your business plan and if you have any knowledge of running such a venture.
‘If you have experience working in hospitality but not necessarily running a B&B, this can help with your mortgage application if you’re trying to buy a property with an established B&B business’, she says.
So what could you buy? Below is a selection of some residential properties with businesses that are included. They offer substantial turnover of up to £315,000 a year.
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1. Four-bedroom detached house in Melbourne, North Yorkshire, for £840,000 with a campsite
This is a home with an award-winning campsite attached. The business is called Acorn Glade and includes a woodland, a wildflower meadow and a fishing lake.
There is a four-bedroom house that includes a paddock, an orchard and a large barn.
The glamping business is focused around two Yurts, a log cabin and a bow-top Gypsy wagon.
The renovated 100-year old gypsy wagon is included in the sale of the property, in Melbourne, North Yorkshire
Escape to the country with this four-bedroom North Yorkshire house and established glamping business
The gypsy wagon includes a double bed, working coal-burning stove and solar-powered lamps
The North Yorkshire property is spread across a total of 3.5 acres and includes a generous fishing lake
The four-bedroom North Yorkshire home is called The Oaks and is next to the campsite
2. Four-bedroom detached house in Berkhamsted, Hertfordshire, for £1.75million – with a vineyard
If you want to be near London but fancy owning your own vineyard, here is your chance with a four-bedroom property that comes with a garden and five acres of planted grapes.
Frithsden Vineyard grows grapes that have been specifically developed in Europe to thrive in the cooler British climate, including Solaris, Rondo and Phoenix.
There is also a vineyard shop with a pretty terrace and parking area.
The land is subject to an agricultural occupancy condition. It means that the use and occupation of the property is limited to those employed in agriculture.
The four-bedroom house is part of Frithsden Vineyard, Hertfordshire, which includes an outside terrace
The Hertfordshire vineyard has a shop and sells about 4,000 bottles of wine a year
The current owners bought the Hertfordshire property in 2006 and have planted about 6,000 vines
The current owners host various wine tasting and dining events on the Hertfordshire property
The four-bedroom Hertfordshire house has an appealing vaulted ceiling and gallery landing above
3. Nine-bedroom detached house in Oban, Argyll and Bute, Scotland, for £1.1million – with a luxury guest house
This 19th century Baronial house has been beautifully restored into a luxury guest house with stunning views across Oban bay.
It is in a thriving town that’s a tourist destination offering various attractions locally and transport connections to the Inner Hebrides.
Called Greystones, the property combines period features with a contemporary interior. It has five en-suite rooms that are let, with an opportunity to refurbish a further four rooms.
The owner’s accommodation has two bedrooms and is described as ‘exceptional’ by CCL Property, the estate agent handling the sale.
It said: ‘It has an excellent reputation and has the advantage of much repeat business.’
The luxury guest house called Greystones has stunning views across Oban bay in Argyll and Bute, Scotland
The 19th century Baronial house has been beautifully restored to combine period features with a contemporary interior
The thriving town of Oban is a tourist destination, offering various attractions locally and transport connections to the Inner Hebrides
The freehold Scottish property has a private garden and an elevated position with stunning views
It has five en-suite rooms that are let, with an opportunity to refurbish a further four rooms
4. Five-bedroom detached house in Quendon, Essex, for £2,150,000 – with a state-of-the-art spa
Hill House has a basement that has been converted into a state-of-the-art spa, which includes a hydrotherapy pool, sauna, steam room, jacuzzi and changing rooms.
This part of the property has its own entrance and is accessed via a beauty room and a reception area.
It is being sold by estate agents Cheffins, which explains: ‘This space has allowed the current owners to run a successful beauty and spa business.’
The current owners of the property in Quendon, Essex, run a successful beauty and spa business from the basement
The basement spa has its own entrance and is accessed via a beauty room and a reception area
The Essex property is spread across three floors, including the spa in the basement
The Essex property is called Hill House and is a contemporary family home in north Essex
The current owners have lived at the Essex property since 2003, and have completely remodelled it
5. Seven-bedroom detached house in Saffron Walden, Essex, for £1,275,000 – with a separate coach house that could be let
The property includes a four-bedroom house and a separate coach house with up to three further bedrooms.
Cheffins, the estate agent handling the sale, described the coach house as having been ‘constructed to a high standard’, offering various uses – including family accommodation, potential business use or to provide a supplementary income from letting.
The detached home in Saffron Walden, Essex, comes with a self-contained coach house that is ideal for holiday lettings
The Essex property has a modern and comfortable interior, with plenty of light
The two-storey coach house has two bedrooms and a garage loft room that could be easily converted to provide a third
A conservatory has been added to the main house in Essex, leading to the garden and terrace
The modern bedrooms at the Essex home are the perfect space for holiday lettings
6. Four-bedroom property in Kirkby-In-Ashfield, Nottinghamshire, for £1,750,000 – with a cattery
This kennels and cattery could prove to be a lucrative way of indulging your love of four-legged friends.
The business has regular customers and a high occupancy rate and has revealed that it has an annual turnover of £315,534.
As well as a kennel block, there is a reception and office, a character farmhouse and a separate manager’s apartment.
The cattery could prove to be a lucrative way of indulging your love of four-legged friends
The established business has plenty of returning customers and a high occupancy rate
The premises include a new purpose-built detached kennels block with modern facilities
The farmhouse has four bedrooms and is only a 10 minute drive from the M1 motorway
The ground floor of the farmhouse includes a spacious kitchen with a breakfast bar
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