Tenure : Freehold
Flat 27A
Ground Floor
Entrance Hall
With coving to the ceiling, tiled flooring and radiator.
Sitting Room
4.22m (13'10") x 3.50m (11'6")
Radiator and coving to the ceiling.
Bedroom 1
3.60m (11'10") x 3.50m (11'6")
Radiator and alcove cupboard.
Bedroom 2
3.19m (10'6") x 3.12m (10'3")
Radiator.
Kitchen
2.69m (8'10") x 2.51m (8'3")
Fitted with a modern kitchen including base, wall and drawer units, worktop space over, tiled splash backs, fitted electric oven with four ring ceramic hob over, stainless steel sink with mixer tap, wall mounted gas boiler, space and plumbing for a washing machine, space for a fridge.
Bathroom
Fitted with a three piece suite in white comprising panelled bath with shower and screen over, pedestal wash hand basin, low level WC, radiator, fully tiled walls and extractor fan.
Flat 27B Entrance Hall
With under stairs storage cupboard and staircase leading off to the first floor.
Landing
Radiator, access to the loft space and smoke detector.
Sitting Room
4.29m (14'1") x 3.97m (13') max
Radiator and telephone point.
Kitchen
2.51m (8'3") x 2.44m (8')
Fitted with a modern kitchen comprising base, wall and drawer units having work top space over, tiled splash backs, stainless steel sink with mixer tap, fitted electric oven with four ring hob over, space and plumbing for a washing machine, space for a fridge and wall mounted gas boiler.
Bedroom 1
4.22m (13'10") x 3.50m (11'6")
Radiator.
Bedroom 2
3.60m (11'10") x 2.67m (8'9")
Radiator and built-in storage cupboard.
Bathroom
Fitted with a two piece suite comprising panelled bath with mixer tap, shower and screen over, pedestal wash hand basin, part tiled walls, radiator and storage cupboard.
WC
Fitted with a low level WC in white, radiator.
Outside
A shared side vehicle and pedestrian access leads to the rear of the property where there is a concrete yard which although currently part fenced could be opened up to create two off street parking spaces.
Services
All main services are connected to the property. Both flats are separately metered.
Tenure
The property is freehold vacant possession will be given on completion.
Council Tax
Council Tax is payable to the East Riding of Yorkshire Council. Both flats are shown on the Council Tax Property Banding's List in Valuation Band 'A'.
Viewing
Strictly by appointment with 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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