FOR SALE BY ONLINE PUBLIC AUCTION ON WEDNESDAY 15th SEPTEMBER 2021 AT 3.00PM. Guide Price £30,000 - £40,000 A PARCEL OF 0.4 ACRES OF LAND TOGETHER WITH A USEFUL WORKSHOP BUILDING ON THE OUTSKIRTS OF THIS POPULAR WOLDS VILLAGE.
Description
Extending to 0.4 Acres in total this parcel of land offers a rare opportunity to acquire a fully fenced parcel of land that offers the opportunity for a variety of uses. The land has the benefit of a useful blockwork and timber clad workshop 47'9" x 19'9" (943 sq ft) that has been fitted with a roller shutter door and two security posts. The land features mature trees to three boundaries and has a gated access off Driffield Road. A gravel road runs from the entrance to the building, where there is also hardstand for a caravan. The land is located outside of the Village development limit and as such is considered to be in open countryside. It is the agents opinion that (subject to planning consent) the land offers potential for alternative uses such as a tourism related use, as well as being of interest to anyone looking for a small pony paddock, workshop or storage facility.
Location
Huggate is an extremely popular Wolds Village conveniently located for access to the nearby towns of Driffield, Pocklington and Beverley as well as being within easy commuting distance of the City of York.
Services
Mains water is connected to the property.
Tenure
Freehold with vacant possession upon completion.
Viewing
Strictly by appointment with the agents.
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 www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.
Solicitors
Williamsons Solicitors FTAO : Steven Davidson Tower House, 65 North Bar Within, Beverley, East Yorkshire. HU17 8AZ Telephone: 01482 881278 steven.davidson@williamsons.co.uk
Additional Fees
Additional Fees (Including VAT): Administration Charge: £750 Buyer's premium £900 Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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.
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.
Online Bidding
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 www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.
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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