Location
Conveniently located in Eastfield on the Southern outskirts of the traditional East Coast resort town of Scarborough, this property is located close to a wealth of amenities including local shops, supermarkets, Pindar Leisure centre and a regular bus route. Within walking distance of primary and secondary schools.
GROUND FLOOR
Private Entrance
Entrance Hallway
With understairs cupboard housing the gas and electricity meters, ceramic tiled floor, radiator and rear door to the garden and parking space.
W.C
With low level WC, pedestal wash hand basin, fully tiled walls, mazaic tiled floor and radiator.
FIRST FLOOR
Landing
With inset ceiling spotlights, radiator and smoke detector. Access to the loft space and thermostat for the central heating.
Lounge/Dining Room
With radiator, TV aerial point, coving to the ceiling and verticale blinds to the windows.
Kitchen
With a range of white units including base, wall and drawer units, electric oven and grill, four ring gas hob, stainled steel sink with mixer tap, plumbing for an automatic washing machine or dishwasher, wall mounted gas central heating boiler, chrome heated towel rail and ceramic tiled floor.
Bedroom One
With fitted wardrobes to one wall enclosed by sliding mirrored doors, radiator and verticle blinds to the window.
Bedroom Two
With radiator.
Bedroom Three
With radiator and roller blind to the window.
Bathroom
With white suite including encased bath with shower and curtain over, low level WC and pedestal wash hand basin. Fully tiled walls, extractor fan, and inset ceiling spotlights.
Outside
To the rear of the property there is an enclosed private garden, double gates to the rear of the property providing ample off street car parking.
Tenure & Outgoings
Leasehold. Lease Details: 125 year lease implemented 2003. 107 years remaining. £10 pa ground rent. Building insurance is beleived to be £85.00 per annum. We believe assured shorthold tenancies and pets are permitted. *We do however advise that matters of this nature are subject to clarification via the legal pack or the acting solicitor.
EPC Rating: C
Services
Mains water, gas, electricity and drainage are connected. The services have not been tested.
Local Authority
This property falls within the geographical area of the North Yorkshire Council and is listed as being in Council Tax Band A.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 20th May 2024 and closing on Wednesday 22nd May at 1.00pm. For further legal information relating to this lot please go 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 auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire, before the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £900 (£750 plus VAT) in addition to the purchase price of the property.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Guide Price
Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time before the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Online bidding
If you want 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 : 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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