Tenure : Freehold
Location
Lowthorpe is a small, largely Estate owned village situated off the A614, approximately 5 miles to the east of Driffield. Lowthorpe house itself is located on the northern edge of the village, close to the church. Driffield and Bridlington offer a good range of local facilities and rail links. The city of York is within easy reach some 32 miles west, the market town of Beverley is 15 miles away and Malton is 26 miles distant. The city of Hull lies some 25 miles to the south.
Porch
With tiled floor and moulded cornices.
Reception Hall
4.89m (16') x 3.44m (11'3") min
With three single radiators, door to the cellar, five picture light points, easy staircase leading off, log burning stove set within a Minster stone fireplace, moulded cornices to the ceiling, picture rail.
Living Room
5.20m (17'1") x 4.89m (16')
With log burner set within a Minster stone fireplace, two single radiator's, moulded cornices to the ceiling, ceiling rose and TV aerial point.
Study
4.11m (13'6") x 3.72m (12'2")
With cast-iron fire grate set within a Minster stone fireplace, moulded cornices to the ceiling and single radiator.
Dining Room
4.89m (16') x 4.28m (14')
With log burner set within a Minster stone fireplace, two single radiators, moulded cornices to the ceiling.
Inner Hallway
With ceramic tiled floor, under stairs storage cupboard, single radiator and staircase leading off.
Shower Room
2.73m (8'11") x 1.77m (5'10")
With ceramic tiled floor and walls, large shower cubicle with power shower, low-level WC, pedestal wash hand basin, chrome heated towel rail, vanity mirror and light, electric shaver point, extractor fan and inset ceiling spotlights.
Kitchen
4.89m (16') x 4.37m (14'4")
Fitted with an extensive range of kitchen units including Belfast sink with mixer tap, base, wall and drawer units, glazed display units, granite work surface, concealed worktop lighting, two oven oil fired cream coloured Aga, larder cupboards, electric single oven and two ring ceramic hob, ceiling spotlights, ceramic tiled floor, single radiator and TV aerial point.
Utility Room
3.22m (10'7") x 2.30m (7'7")
With inset sink set within a granite worktop, base and wall cupboards, space for a fridge and freezer, ceramic tiled floor and single radiator.
Pantry
2.30m (7'7") x 1.70m (5'7")
With ceramic tiled floor and fitted shelving to 3 walls.
Rear Porch
With sectioned dog kennel, rear entrance door and doors leading off to:-
Boiler Room
With oil fired boiler and plumbing for an automatic washing machine.
Workshop
Fuel Store
Fuel Store
Landing
With three wall light points, two single radiators, moulded cornices to the ceiling and two large built-in cupboards.
Master Bedroom
5.19m (17') x 4.28m (14')
With ornamental fireplace, two single radiators, TV aerial point and Jack and Jill door to:
En-suite Shower Room
With corner shower cubicle, vanity wash hand basin, and dual flush low-level WC with concealed cistern, picture rail, single radiator, ornamental fireplace, and useful storage cupboard.
Bedroom 2
5.19m (17') x 4.26m (14')
With ornamental fireplace, two single radiator's and TV aerial point.
Bedroom 3
4.13m (13'6") x 3.85m (12'8")
With ornamental fireplace, single radiator and alcove cupboard.
Bathroom
With encased bath, WC with high-level cistern, pedestal wash hand basin, single radiator, match-board half-height panelling, chrome heated towel rail.
Bedroom 4
4.05m (13'4") x 3.71m (12'2")
With single radiator, ornamental fireplace, alcove cupboard.
Bedroom 5
4.88m (16') x 2.50m (8'3")
With ornamental fireplace, single radiator, and large airing cupboard housing the factory lagged hot water cylinder equipped with an electric immersion heater.
Outside
The gardens extend to approximately 0.92 of an acre and consist of delightful formal gardens extensive lawn, flower beds and a number of mature hardwoods and hedging that provide a high degree of privacy. A sweeping gravel drive leads to the back of the house where there is ample parking and an open fronted double garage with adjoining store and log store.
Tenure
The property is held under freehold title and vacant possession will be given upon completion.
Council Tax
Council tax is payable to East Riding of Yorkshire Council. The property is currently listed in council tax band G.
Services
Mains water and electricity are connected to the property. Central heating is from an oil fired boiler. Drainage is to a septic tank.
Viewing
Strictly by appointment through the sole agents on 01377 241919.
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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