Tenure : Freehold
Location
Driffield is a traditional established market town which earned its title as Capital of the Wolds by virtue of its central position within the county. The larger towns of Bridlington, Beverley and Malton and cities of York and Hull are within easy travelling distance either by road, rail or bus.
Hall
Stairs, door to:
Sitting Room
3.91m (12'10") x 3.49m (11'5")
Bay window to front, radiator, TV and telephone point, open fireplace with tiled hearth, opening into:
Dining Room
4.92m (16'2") max x 3.08m (10'1")
Radiator and under stairs storage cupboard.
Kitchen
3.69m (12'1") x 3.63m (11'11") max
Fitted with a range of base, wall and drawer units with work top space over, tiled splash backs, 4 ring gas hob with extractor hood over, fitted electric double oven, integrated fridge and freezer, 1 1/2 bowl stainless steel sink with mixer tap, space and plumbing for a washing machine and dishwasher, spotlights to the ceiling.
WC
Fitted with a two piece suite comprising low level WC, wash hand basin, radiator, part tiled walls and tiled flooring.
Landing
Access to the loft space, built-in cupboard.
Bedroom 1
3.49m (11'5") x 3.05m (10') plus 0.01m (0') x 0.01m (0')
Radiator.
Bedroom 2
3.12m (10'3") x 2.74m (9')
Radiator, built-in cupboard housing the gas central heating boiler.
Bedroom 3
2.20m (7'3") x 2.05m (6'9") plus 0.64m (2'1") x 0.64m (2'1")
Radiator.
Bathroom
Fitted with a three piece suite in white comprising 'P' shaped bath with mixer tap, shower and screen over, pedestal wash hand basin with mixer tap, low level WC, part tiled walls and tiled floor, extractor fan, radiator.
Outside
To the front of the property is a driveway providing off street parking. The property has a superb rear garden which is of a good size and includes a patio area, lawned garden, gravelled area, flower and shrub borders and two timber garden sheds.
Services
All mains services are connected to the property.
Tenure
Freehold with vacant possession on completion.
Council Tax
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band 'C' (verbal enquiry only).
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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