Location
The property is tucked away off Eastgate South and is accessed via a footpath from the street. Situated just a short walk from
Driffield Town centre where there is a comprehensive range of shops, bars and eateries.
The Accommodation comprises:
Ground Floor.
Kitchen/Dining Room
Fitted with a good range of Oak fronted base, wall and drawer units with countertops over,
integrated oven and ceramic hob with extractor hood over, integrated fridge, freezer and dishwasher (not tested), sink and draining board with mixer tap, wall
mounted gas combination boiler, double
panelled radiator, plumbing for an automatic washing machine. Vinyl
flooring.
Lounge
With ornamental fireplace, double
panelled radiator, power points, television
points.
W.C
With a low-level WC, wash hand
basin. Vinyl flooring.
First floor
Landing
Bedroom 1
With double panelled radiator and power points.
Bedroom 2
With double panelled radiator and power points.
Bedroom 3
With a double panelled radiator and power points.
Bathroom
With panelled bath with
electric shower overhead, pedestal wash
hand basin, low-level W.C, double panelled
radiator, extractor fan. Vinyl flooring.
Outside
Pathway with a walled boundary to three sides.
Services
All mains services are connected but have not been tested.
Tenure
Freehold with vacant possession upon completion.
Viewing
Strictly by appointment with the sole agents on 0845 400 99 00.
Council Tax
Council tax is payable to the East Riding of Yorkshire Council by the tenants. The house is currently listed in council tax band A.
Mr David Lundy, Lundys solicitors, 17 Exchange Street, Driffield. Tel 01377 252831
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
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.
Method of Sale
The property will be offered for sale by public auction on Wednesday 14th September 2022 at 3.00pm by online auction. For further legal information relating to this lot please log on to www.auctionhouse.uk.net/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 Information
If you are wanting to bid on this property, take a look at this video, which goes through the online bidding process: https://www.youtube.com/watch?v=ImXr4HXR36c
Tenure : Freehold
Council Tax Band : A
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 |
© 2024 Dee Atkinson & Harrison, All Rights Reserved.
