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Rowley Moor Properties Ltd

In Spring 2014 the Lynton & Barnstaple Railway Trust acquired Rowley Moor Farm at Blackmoor Gate, the fields and barns being required for the planned extension to the line.

Rowley Moor House and Heddon View were included in the purchase price but were surplus to railway requirements. A separate Company, Rowley Moor Properties Ltd (RMP), was created which now owns and manages the two semi-detached houses as holiday timeshares.

Rowley Moor House and Heddon View

L&BR Trust members bought 100 time-shares in Rowley Moor Properties Ltd. The 50 time-shares in the five bedroom Rowley Moor House cost £6,000 each and the 50 time-shares in the two bedroom Heddon View cost £4,300 each. The owner of each share is entitled to stay in the relevant property for one week every year in perpetuity. The shares can be bequeathed to family or friends. There is an annual maintenance charge set at a level which is calculated to cover ongoing expenses for the next year.

The week allocated to each share moves on by 17 or 18 weeks each year – this gives shareholders the opportunity to enjoy Exmoor in the differing seasons. During the course of a period of 50 years each share will benefit from nearly every week in the year.

The houses are managed by a small group of volunteer shareholders. Much of the maintenance is performed by volunteers during the two weeks set aside for that purpose each year.

People's circumstances do change as the years go by and timeshares in Rowley Moor House and Heddon View sometimes become available to buy. If you are interested please send an email. We can then let you know what is currently available.

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