Building plots of this quality do not come along very often! This established garden plot enjoys an enviable location, with views to the front over open fields. It has the benefit of outline planning consent for the erection of a dwelling. The indicative site drawing submitted with the application indicates a four-bedroom detached house and garage, which is estimated to be over 2000 sq ft. The plot itself has a frontage onto Long Street of approximately 56 feet and an overall depth of approx. 147 feet. The boundaries with Broadacres have already been newly fenced.
Location
Rudston is a pretty village nestled in the Gypsey Race valley at the heart of the Yorkshire Wolds. The village is conveniently located close to the East Coast resort town of Bridlington and the market town of Driffield. A good range of amenities are available in the neighbouring village of Kilham.
The Plot
The plot has a frontage onto Long Street of 56 ft (17m), narrowing to 47 ft (14.3m) at the rear and an overall depth of 147 ft (44.8m). It is an established garden site having served as a vegetable and fruit garden to the vendors who have been keen gardeners. It is sold with the remaining garden structures in situ on the day of the auction but not the freestanding pots or contents of the greenhouse.
Planning Consent
Outline planning consent was approved on October 13th 2023 under application reference 23/02418/OUT for the erection of a dwelling (All Matters Reserved). A copy of the notice of decision will be available in the legal pack and can be downloaded from the East Riding of Yorkshire planning open-access website using the postcode or reference number given above.
Approval of Plans
The vendors or their successors in title reserve the right to approve the proposed final plans for the new dwelling. Approval cannot be unreasonably withheld.
Services
Mains water, electricity and gas are all available within the village. Purchasers should make their own enquiries into the exact location and cost of connection thereto. Drainage will be to a private system. N.B. The septic tank that used to serve the existing dwelling was located on the plot but has now been relocated off the plot of the plot.
Tenure
Freehold with vacant possession upon completion.
Viewing
Strictly by appointment with the auctioneers on 0845 400 9900
Solicitors
Williamsonson Solicitors, 16 Wellington Rd, Bridlington YO15 2BG 01262 678128
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 20th May 2024 and closing on Wednesday 22nd May at 1.00pm. For further legal information relating to this lot please go 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 auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire, before the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
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 before 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.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online bidding
If you want 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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