DESCRIPTION
The land comprises a permanent grass paddock of approximately 3.03 acres (1.22 hectares) adjoining residential properties on the outskirts of the village. It has extensive road frontage to the Hull Road leading into the village from the south from which a wide gated field access is available. The land is gently sloping to the south west corner and is post and rail fenced, with a roadside hedge and line of deciduous trees to the south boundary, making it an ideal horse or livestock paddock.
SITUATION
Great Hatfileld is about 3 miles from the East Yorkshire coastline and the land is on the western edge of the village fronting the road from the resort town of Hornsea towards the city of Hull.
SERVICES
We understand that mains water is not connected to the land but may be available in the area for connection. Purchasers are to make their own enquiries. There is no electricity connection to the land.
TENURE
The land is for sale freehold with vacant possession available upon completion.
OVERAGE PROVISION
The land will be subject to an overage clause whereby the vendors or their successors in title will receive 30% of any uplift in value arising as a result of obtaining any planning consent for a change of use other than agriculture, horticulture or equestrian use, for a period of 30 years from the completion of contracts.
PUBLIC RIGHTS OF WAY, EASEMENTS AND WAYLEAVES
The land is sold with the benefit of all the accustomed or granted rights of way, water, support, drainage, electricity supplies, light, or other easements, or quasi easements and restrictive covenants and all existing or proposed wayleaves for electricity, drainage, water, gas and other pipes whether shown on the plan or indicated in these particulars or not and without any obligations to define the same respectively.
SITE PLAN
The plan provided in these particulars and the area stated are for guidance only and are subject to verification with the title deeds.
CONTAMINATED LAND
The vendor is not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The vendor does not give any guarantee in this respect and advises the purchaser(s) to make such enquiries and investigations, which may be necessary to satisfy themselves that none of this land is so filled.
BASIC PAYMENT SCHEME
It is understood that the land has not been registered for the Basic Payment Scheme (BPS) and there are no entitlements included in the sale.
SPORTING AND MINERAL RIGHTS
The sporting rights, mining and mineral rights are in hand and included in the sale.
VIEWING
Viewing of the land can be arranged by prior appointment with the auctioneers. Telephone: 01482 866844.
METHOD OF SALE
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 17th January 2022 and closing on Wednesday 19th January 2022 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 auctioneers offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.
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.
SOLICITORS
Wilkin Chapman LLP, The Hall, Lairgate, Beverley, HU17 8HL. Telephone: 01482 398399. Email: charlotte.boyes@wilkinchapman.co.uk
GUIDE PRICE
*Guides are provided as an indication of each sellers 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
Buyers 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
Tenure : Freehold
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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