The property briefly comprises:- entrance porch leading to the lounge area, kitchen/dining room, stairs leading to the first floor with three bedrooms, bathroom, seperate WC, garden, car port with WC and storage area.
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 PORCH- 2.16m (7'1) x 1.55m (5'1)
Door to the side aspect, storage cupboards and cushion flooring.
LOUNGE- 3.63m (11'11) x 4.55m (14'11)
Window to the front aspect, coving, stairs leading to the first floor landing, gas fire and power points.
KITCHEN/DINING AREA- 3.45m (11'4) x 6.27m (20'7)
Windows to the rear aspect, door to the side aspect leading to car port, storage cupboard, pantry, tiled splash back, a range of wall and base units, sink with double drainer unit, space for washing machine, space for fridge freezer, gas hob, gas oven, cushion flooring, extractor fan, electric radiator and power points.
FIRST FLOOR LANDING
Window to the side aspect, storage cupboard housing the water tank, gas fired heater, loft access and power points.
BEDROOM ONE- 3.59m (11'9) x 3.68m (12'1)
Window to the front aspect, built in wardrobes and storage cupboard, TV point and power points.
BEDROOM TWO- 2.72m (8'11) x 3.68m (12'1)
Window to the rear aspect, built in storage cupboard and power points.
BEDROOM THREE- 2.44m (8') x 2.51m (8'3)
Window to the front aspect and power points.
BATHROOM- 1.68m (5'6) x 2.49m (8'2)
Opaque window to the rear aspect, tiled walls, panelled bath with over head electric shower, sink with pedestal, cushion flooring and heated towel rail.
WC
Opaque window to the side aspect, low flush WC and laminated flooring.
CAR PORT
Parking for two cars and built in storage cupboards,
OUTSIDE STORAGE
Door and window to the rear leading to the garden and power points.
OUTSIDE WC
Brick outbuilding with low flush WC, sink and window to the rear aspect.
GARDEN
Mainly laid to patio with flower beds, gravelled, decking area, storage shed and outside tap.
PARKING
Off street parking.
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
Council Tax Band : B
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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