Location
The property stands on a frontage plot onto Main street and also has a return frontage onto South Townside Road where there is vehicular access to the rear of the property. North Frodingham is a popular village
Accommodation
Ground Floor
Entrance Hall
With under stairs cupboard, a dog-leg staircase leading off and a uPVC front entrance door.
Living Room
With an open fire in a tiled fireplace, double radiator, single glazed sash window to the front and uPVC double glazed window to the rear.
Dining Room
With an open fire in a brick fireplace, double radiator, walk-in pantry and single glazed sash window to the front and uPVC double glazed window to the rear.
Kitchen
With sink, uPVC rear entrance door and rear window, boiler cupboard housing the Baxi gas fired combination boiler.
Shower Room
With WC and shower.
Workshop
With fixed wooden stairs to the first floor which provides great scope for conversion into additional living space.
On the First Floor
Landing
With access to the roof space.
Bedroom One
With a double radiator and single glazed sash window to the front and uPVC double glazed window to the rear.
Bedroom Two
With a tiled fireplace, double radiator and single glazed sash window to the front and uPVC double glazed window to the rear.
Outside
The property enjoys the benefit of a private access drive leading off South Townside Road which leads to the rear of the property where there is ample space for parking and turning as well as the erection of a garage if required (subject to planning consent. The rear garden is a good size and, in the agents opinion, provides the potential for the erection of a second dwelling (subject to formal planning approval). Potential purchasers should make their own enquiries as to the feasibility of any proposed scheme.
Services: All mains services are connected.
Viewing:
Strictly by appointment with Auction House Hull & East Yorkshire. Driffield Office 0845 400 9900
Additional Fees:
The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) and a buyers premium of £480 (£400 + VAT) in addition to the purchase price of the property. Please see the legal pack for any disbursements that may become payable by the purchaser on completion.
Tenure: Freehold
Possession: Vacant possession upon completion.
Solicitors: Mr David Lundy, Lundys Solicitors, 17 Exchange Street, Driffield.
Energy Performance Certificate
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 4th July 2022 and closing on Wednesday 6th July 2022 at 3.00pm. For further legal information relating to this lot please log on 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 auctioneers offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.
Online Bidding
If you are wanting 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 £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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