
A large vestibule with laminated wood flooring, radiator and storage space leads into:
Living Room
This spacious, airy Living Room has laminated wood flooring and windows to two elevations overlooking the communal garden.
Kitchen
This recently fitted kitchen offers a range of gray fronted cabinets with contrasting work surfaces and integrated electric oven & hob unit, extractor hood, washing machine and fridge/freezer; stainless steel sink unit and laminated wood flooring.
Bedroom 1
Overlooks the rear garden and features an ornamental original fireplace.
En Suite Bathroom
With a white suite incorporating panelled bath with shower attachment, shower screen, pedestal wash hand basin & low flush WC, radiator.
Bedroom 2
With a radiator.
Shower Room
With a white suite with shower cubicle, pedestal wash hand basin, WC, radiator, extractor fan, stone effect laminate flooring
Services - Mains water, electricity, gas and drainage are connected to the property.
Central Heating
The property has the benefit of a gas-fired central heating system.
Double Glazing
The property has the benefit of some replacement PVC double-glazed frames and sealed unit double-glazing.
Council Tax
From a verbal enquiry/online check we are led to believe that the Council Tax band for this property is Band B (East Riding Of Yorkshire). We would recommend a purchaser make their own enquiries to verify this.
Viewing
Strictly by appointment with the sole agents on 01482 866844.
Tenure
The property is understood to be leasehold and subject to an annual service charge: Current Service charge cost : £600 per quarter (£200 per month). Service Charge includes : Buildings insurance, communal repairs/maintenance/improvements, grounds maintenance, Company Secretary obligations.
Lease Commencement Date : 29.04.2003
Lease Length : 999 years from 01.01.2002 (927 years to run at January 2024).
No ground rent payable.
Tenure : Leasehold
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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