80 Lowndes Park is a two bedroom detached bungalow in one of the most sought after areas in Driffield. It is also offered to the market with no chain and it has huge potential.
The property briefly comprises:- porch into entrance hall, large lounge, kitchen with walk in pantry, seperate WC, two good size bedrooms, family bathroom, well propertioned garden, front garden, single garage and gated off street parking.
LOCATIONDriffield 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 ACCOMMODATION COMPRISES:-
PORCH
Door to the front aspect and tiled flooring.
ENTRANCE HALL
Door to the front aspect, airing cupboard, storage cupboard, telephone point, power points and loft access.
LOUNGE- 6.32m (20'9) x 3.63m (11'11)
Bay window to the front aspect, windows to the side aspect, coving, gas fire, radiator, TV point and power points.
KITCHEN- 3.58m (11'9) x 2.82m (9'3)
Window to the rear aspect, a range of wall and base units, tiled splash back, sink with drainer unit, plumbing for washing machine, electric oven, electric hob, walk in pantry, laminated flooring, radiator and power points.
REAR PORCH
Door to the side aspect leading to outside and tiled flooring.
WC
Opaque window to the side aspect, low flush WC and tiled flooring.
BEDROOM ONE- 2.00m (6'7) x 3.02m (9'11)
Window to the front aspect, coving, fitted wardrobes, radiator and power points.
BEDROOM TWO- 2.00m (6'7) x 2.90m (9'6)
Window to the rear aspect with garden view, coving, fitted wardrobes, radiator and power points.
BATHROOM- 2.39m (7'10) x 1.93m (6'4)
Opaque window to the rear aspect, partially tiled walls, three piece bathroom suite comprising:- low flush WC, sink with pedestal, panelled bath with over head shower, laminated flooring and radiator.
GARAGE- 5.76m (18'11) x 2.74m (9')
Electric up and over door, door to the side aspect, electric, lighting and boiler.
GARDEN
Mainly laid to lawn, paved pathway, greenhouse, pond, planted borders, side access to the front of the property which also has a lawned area and driveway.
PARKING
Off street parking for two cars.
SERVICES
Understood to all be 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- D
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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