FOR SALE BY ONLINE PUBLIC AUCTION ON WEDNESDAY 15th SEPTEMBER 2021 AT 3.00PM. THIS MODERNISED END TERRACE HOUSE IN NEED OF A LITTLE TLC IS IN A QUIET CUL-DE-SAC NEAR ANLABY ROAD AMENTIES.
Tenure : Freehold
DESCRIPTION
The property is an end of terrace house set within a short footpath access cul-de-sac within easy reach of local amenities. Although in need of a little tlc, with cosmetic improvement works this would be a readily lettable two bedroomed home which features an upstairs bathroom and a converted roofspace area. Gas central heating and double glazing are installed.
LOCATION
The property is situated off Anlaby Road, about 2 miles to the west of Hull city centre and is within a comfortable walking distance from excellent shopping and recreational facilities together with public transport routes. Primary and secondary schools are within easy reach and there are good road links to the A63, Humber Bridge and general motorway network.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
ENTRANCE HALL
Radiator.
THROUGH LOUNGE / DINING ROOM
Fireplace and two radiators.
KITCHEN
With a range of fitted units including worktops with single drainer sink and built-in electric oven and gas hob. Wall mounted gas central heating boiler.
FIRST FLOOR
LANDING
BEDROOM ONE
Radiator.
BEDROOM TWO
Radiator.
BATHROOM / WC
With a white three piece suite. Radiator.
SECOND FLOOR
LOFT ROOM
Velux window.
EXTERNAL
Stoned forecourt enclosed by railings. Rear walled yard with pedestrian access.
Services
Mains water, electricity, gas and drainage are connected to the property. None of the services or installations have been tested.
Council Tax
Council Tax is payable to the Kingston-upon-Hull City Council. The property is shown in the Council Tax Property Bandings List in Valuation Band A (verbal enquiry only).
Tenure
Freehold. Vacant possession upon completion.
Viewing
By prior appointment with the auctioneers. Telephone: 01482 866844.
Solicitor
Lesley Connor, Lockings Solicitors, St. Mary's Court, Lowgate, Hull, HU1 1YG. Telephone: 01482 300200. Email: lac@lockings.co.uk
Legal Pack
A legal pack has been requested from the vendors solicitor and will be made available online as soon as it is received. You can register to receive an email notification when the pack is available by going to auctionhouse.co.uk/hullandeastyorkshire and clicking on the property you are interested in. On the property detail page you will see a red 'LEGAL PACK' button which you should click on and it will take you to the registration page.
Method of Sale
The property will be offered for sale by online auction with bidding starting at 12 noon on Monday 13th September and closing on Wednesday 15th September 2021 at 3.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer's offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Guide Price
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees
Additional Fees (Including VAT): Administration Charge: £750 Buyer's premium £480 Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online Bidding
If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c
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 |
© 2024 Dee Atkinson & Harrison, All Rights Reserved.
