EPC Rating E(45)
Location
The Boulevard runs between Anlaby Road and Hessle Road. Road connections give easy access to the City Centre and the Clive Sullivan Way, A63/M62 motorway link and the area offer convenient access to local shops and schooling, the KC Stadium, The Hull Royal Infirmary and other sports and leisure facilities. The area has frequent local bus services to the City Centre with routes running to the West Hull villages via Anlaby Road and Hessle Road.
Services
Mains water, electricity and drainage are all connected but have not been tested.
Tenure
Leasehold with 93 years remaining at an annual ground rent of £45.
Possession:
Vacant possession upon completion.
Service Charge
The annual cost of the service charge that covers building insurance, cleaning and maintenance of common parts is £1,200.
Council Tax
The property is listed in council tax band A.
Viewing:
Strictly by appointment with Auction House Hull & East Yorkshire on 0845 400 9900
Additional Fees:
Additional Fees (Including VAT) Administration Charge: The purchaser will be required to pay an administration charge of £1,200 (£1,000 plus VAT). Buyers premium £1,140 (£950 + VAT)
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Solicitors: TBC
Method of Sale
The property will be offered for sale by online auction with bidding commencing Monday 23rd January 2023 and closing on Wednesday 25th January 2023. 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 online 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:
Tenure : Leasehold
Council Tax Band : A
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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