The property briefly comprises:- entrance hall, kitchen, lounge/dining area which leads onto the conservatory, two double bedrooms, family bathroom, garden, shed and side access.
LOCATION
Driffield is a traditional established market town which earned its title as Capital of the Wolds by virtue of its central position within the county. The larger towns of Bridlington, Beverley and Malton and cities of York and Hull are within easy travelling distance either by road, rail or bus.
THE ACCOMODATION COMPRISES:
ENTRANCE HALL-
Door to the front aspect, two storage cupboards, laminated wood style flooring, radiator and power points.
KITCHEN- 2.95M (9'8) x 2.09m (6'10)
Window to the front aspect, cupboard housing the boiler, a range of wall and base units, space for fridge freezer, space for washer and dryer, sink with drainer unit, gas hob, gas oven, extractor fan, laminated flooring, radiator and power points.
LOUNGE/DINING ROOM- 5.54m (18'2) x 2.84m (9'4)
Double doors leading to the conservatory, radiator, TV point and power points.
BEDROOM ONE- 3.10m (10'2) x 3.83m (12'7)
Window to the rear aspect, radiator and power points.
BEDROOM TWO- 2.44m (8') x 2.51m (8'3)
Window to the front aspect, radiator and power points.
BATHROOM- 2.16m (7'1) x 1.75m (5'9)
Opaque window to the side aspect, partially tiled walls, three piece bathroom suite comprising:- panelled bath with overhead shower, low flush WC, sink with pedestal, extractor fan, laminated flooring and heated towel rail.
CONSERVATORY- 2.41m (7'11) x 3.10m (10'2)
Double doors leading out to the garden, laminated wood flooring and power points.
GARDEN
Laid to lawn, patio area, side access and garden shed.
PARKING
Off street parking for two/three cars.
SERVICES
All connected to mains.
TENURE
The property is Freehold and offered with the benefit of vacant possession upon completion.
COUNCIL TAX BAND
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band 'B'.
EPC- TBC
VIEWING
Strictly by appointment with the sole agents.
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 £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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