FOR SALE BY INFORMAL TENDER A rare opportunity to purchase a potential building plot in a central location within this most popular village. Forming part of the garden to the former Vicarage, this garden plot has the benefit of a favourable pre-application enquiry for the construction of a detached bungalow and garage.
Tenure : Freehold
Description
Forming part of the garden to the former Vicarage this single plot of land provides a rare opportunity to purchase a site suitable for the construction of a detached bungalow. The setting and central location makes this garden plot a most appealing proposition for builders and anyone looking for a self build project. The plot is the subject of a pre-application enquiry with indicative plans for a three bedroom detached bungalow and garage, which was submitted to the local planning authority and received a favourable response. A copy of the response is available upon request. The plot has a frontage onto Rectory Close of approximately 28m (92ft) and a depth of approximately 19m (62ft).
Location
The plot is located in the centre of the village within the Nafferton Conservation Area, with views towards the church and the village mere. Nafferton is situated at the foot of the Yorkshire Wolds. The village benefits from a railway station (Hull to Scarborough line) and a regular bus service to Beverley, Driffield, Hull, Bridlington and Scarborough. The village has a good range of facilities including Post Office, newsagent, convenience store, fish & chip shop, public houses, a well regarded primary school, a thriving sports club and a Doctors surgery.
Pre-Application Enquiry.
The pre-application enquiry response given by the head of planning stated "The principle of the development is therefore considered to be acceptable subject to other material considerations". Interested parties should be aware that there has been no formal application for planning consent. The property is being offered to the market with the benefit of a positive pre-application enquiry response only. It will be the purchasers responsibility to make a full planning application, the outcome of which is not guaranteed based on the pre-app response. A copy of the full response will be available from the agents upon request.
Fencing Liability
The purchaser will be responsible for the erection and maintenance thereafter of a 1.8m close boarded fence between points A-B, B-C & C-D as shown on the plan included in these particulars. This should be completed within 2 months of completion of the purchase.
Method of Sale
Best and Final Offers are to be submitted on the offer form which is available upon request and must be received by Dee Atkinson & Harrison, 56 Market Place, Driffield, East Yorkshire YO25 6AW, by 3pm on Friday 17th September 2021. The offer should be in a sealed envelope clearly marked 'OFFER FOR PLOT ADJACENT TO 3 MIDDLE STREET, NAFFERTON'. Offers for the property will need to be substantiated with proof of finance for the purchase price.
Services
All mains services are available in the Village. Purchasers should make their own enquiries as to the exact location and cost of connection thereto.
Tenure
Freehold with vacant possession upon completion.
Viewing
Strictly by prior appointment with the sole agents.
Sale Restrictions & Covenants
Standard ecclesiastical covenants will be required for the protection of the nearby church including a requirement that the buyer changes the name of the property. Full details are available from Dee Atkinson and Harrison upon request.
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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