FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 10TH MARCH 2021 AT 6.30PM BY ONLINE AUCTION A Semi detached two bedroom house for renovation *Guide Price £70,000 to £80,000
Description - Monument View is an ideal property for investors and property renovation enthusiasts looking for their next project. The property stands on a slightly elevated plot within the Village and now requires a programme of modernisation and improvement including; attention to damp issues, updating of wiring, installation/upgrading of heating, refitting of kitchen and bathroom and redecoration. The width of the plot also gives scope for further extension (subject to any necessary planning consent). The property does benefit from PVCu double glazing, a vehicular access and a useful brick and tile outbuilding.
Location - As the name suggests, the property enjoys an outlook towards the Village monument on Back Street away from the main road. Langtoft is an unspoilt Wolds Village located on the B1249 Driffield to Scarborough Road approximately 6 miles North of Driffield and 16 miles South of Scarborough.
Living Room - 3.73m x 3.39m (12'3" x 11'1") - With open fire, front entrance door and storage heater.
Kitchen - 3.67m x 2.89m (12'0" x 9'6") - With sink unit, open fire, electric cooker point, storage heater, under stairs cupboard and enclosed staircase leading off.
Lobby - With door to a shelved pantry.
Bathroom - 2.09m x 1.87m (6'10" x 6'2") - With encased enamel bath, pedestal wash hand basin and low level WC. Electric wall mounted heater nd airing cupboard housing the hot water tank.
Porch/Utility Area - 3.19m x 2.09m (10'6" x 6'10") - With plumbing for an automatic washing machine.
On The First Floor - Landing
Bedroom 1 - 3.73m x 3.39m (12'3" x 11'1") - With storage heater.
Bedroom 2 - 3.67m x 2.94m (12'0" x 9'8") - With alcove cupbard and over stairs storage cupboard.
Outside - To the front of the property is a raised area of garden and a private drive providing off street parking and giving access to the single garage. To the side stands a useful brick and tile domestic outbuilding11'9" x 9'1" with power connected. Adjoining the outbuilding is a lean too greenhouse. The rear garden is slightly sloping and laid mainly to lawn.
Services - Mains water, electricity and drainage are all connected.
Viewing - Strictly by appointment with the auctioneers on 0845 400 9900. An online video viewing is also available and interested parties are requested to watch this before making an appointment for a physical viewing.
Tenure - Freehold with vacant possession upon completion.
Council Tax - 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 'A'.
Method Of Sale - He property will be offered for sale by public auction on Wednesday 10th March 2021 at 6.30pm 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 auctioneer's offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.
Agents Note - This property previously sold in our September 2020 auction however due to a delay in the grant of probate, it failed to complete and is therefore now being re-offered.
Additional Fees - Additional Fees (Including VAT)
Administration Charge: £750
Buyer's premium £480
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Solicitors - David Lundy
Lundys Solicitors
17 Exchange Street
Driffield
YO25 7LA
01377 252831
*Guide Price - Guides are provided as an indication of each seller's 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.
Disclaimer: Dee Atkinson & Harrison for themselves and for the vendors or lessors of this property, whose Agents they are, give notice that these particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a Contract. No person in the employment of Dee Atkinson & Harrison has any authority to make any representation or warranty whatever in relation to this property.
New Home: Non New Home
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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