Location
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 and convenience store, fish and chip shop, public houses and Beacon status primary school together with a thriving sports club and Doctors surgery.
Ground Floor
Entrance Hall
With laminate flooring, smoke and carbon monoxide detectors and coving to the ceiling.
Cloakroom
Fitted with a two-piece suite comprising a low-level WC, wash hand basin, radiator and extractor fan.
Kitchen/Diner
Fitted with a range of base, wall and drawer units having worktop space over, tiled splash backs, stainless steel sink with mixer tap, fitted electric oven with four ring gas hob and extractor hood over, space and plumbing for a washing machine, radiator, wall mounted gas combination boiler, radiator, tile effect laminate flooring, inset spotlights and coving to the ceiling.
Sitting Room
With electric fire set in an Adams style surround with marble inlay and hearth, TV and telephone point, laminate flooring, radiator, coving to the ceiling, thermostat for the central heating and staircase leading off.
First Floor
Landing
Radiator, smoke and carbon monoxide detector.
Bedroom One
With radiator and over stairs storage cupboard.
Bedroom Two
Radiator and access to the loft space.
Bathroom
Fitted with a three-piece suite in white comprising panelled bath with mixer tap and shower over, pedestal wash hand basin, low-level WC, radiator, shaver point and fully tiled walls and floor.
Outside
To the front of the property is an open plan area of lawned garden and a block paved driveway providing off-street parking for several vehicles which leads to the detached single garage with up and over door, power and light connected and a personal door.
Services
All mains services are connected to the property.
Tenure
The property is held under freehold title with vacant possession on 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 'B'.
Viewing
Strictly by appointment with the sole agents on 01377 241919.
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 £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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