This attractive terrace cottage stands in the Wolds village of Langtoft and is ideal for anyone looking for a manageable project. The property has been partly modernised by the current owner, but ill health means the renovation is incomplete. The property offers great potential and provides the following double glazed and electric heated accommodation; Entrance lobby, sitting room, dining room, shower room, utility area and kitchen. There are two double bedrooms (one with an en-suite) on the first floor. Outside is a brick and tile outhouse and rear yard with vehicular access.
Location
Langtoft has become a popular village in recent years with a great community and boasts its own outdoor bowling green, village green and well-equipped childrens playground. Situated on the B1249 Langtoft is within easy commuting distance of Scarborough, Driffield and Bridlington.
Accommodation
Ground Floor: Entrance Lobby, Sitting Room, Dining Room, Kitchen, Utility Area, Shower Room.
Bathroom
First Floor: Bedroom One, en-suite shower room & WC, Bedroom Two
Outside: To the rear of the property is a rear yard with a brick and tile outhouse. There is a vehicular access off Scarborough Road which the neighbouring property has a right of access over.
Viewing:
Strictly by appointment with Auction House Hull & East Yorkshire. Driffield Office 01377 241919
Additional Fees:
The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) and a buyers premium of £480 (£400 + VAT) in addition to the purchase price of the property. Please see the legal pack for any disbursements that may become payable by the purchaser on completion.
Tenure: Freehold
Possession: Vacant possession upon completion.
Services: Mains water, electricity and drainage are connected to the property.
NB. Services, apparatus and equipment have not been tested by Auction House Hull & East Yorkshire and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
Solicitors: Williamsons Solicitors, Times House, Mill Street, Driffield, YO25 6TN
Telephone: 01377 252022
Energy Performance Certificate (EPC): E(42)
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 09th May 2022 and closing on Wednesday 11th May 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.
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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