The property briefly comprises:- communal entrance, entrance to the flat into an open plan living/dining area, double bedroom, first floor landing with kitchen, bathroom and additional storage room. There is on street parking.
LOCATION
Driffield offers an outstanding array of amenities, including shops, restaurants, public houses, quality sports facilities dedicated to Rugby, Golf, Football, Bowls, Cricket and many others, as well as a very highly regarded Secondary School. It also provides excellent road and public transport connections to Hull, Beverley, Bridlington and Scarborough.
THE ACCOMMODATION COMPRISES:-
ENTRANCE HALL/COMMUNAL SPACE
Entrance door which takes you to communal stairs leading up to the five separate flats.
ENTRANCE INTO:
LOUNGE/DINING AREA- 17'7 (5.38m) x 13'9 (4.20m)
Bay window to the front aspect, inset spotlights, stairs leading to the first floor landing, electric log burning stove, fitted carpets, radiator, TV point and power points.
BEDROOM ONE- 10'10 (3.31m) x 8'7 (2.63m)
Window to the front aspect, built in wardrobe, fitted carpets, radiator and power points.
FIRST FLOOR LANDING- 4'6 (1.39m) x 4'5 (1.37m)
Fitted carpet and power point. There is also access to the loft.
KITCHEN- 12'2 (3.73m) x 8'7 (2.62m)
Inset spotlights, wall mounted gas boiler, tiled splash back, a range of wall and base units with breakfast bar, sink with drainer unit, plumbing for washing machine, space for additional white goods, electric oven, electric hob, vinyl flooring, radiator and power points.
STORAGE SPACE- 12'6 (3.82m) x 13'0 (3.98m)
Fitted carpets.
BATHROOM- 11'10 (3.62m) x 7'9 (2.36m)
Inset spotlights, partially tiled walls, four piece bathroom suite comprising:- low flush WC, sink with pedestal, panelled bath, shower cubicle, vinyl flooring, radiator and extractor fan.
PARKING
There is no allocated parking spaces available. On street parking.
SERVICE CHARGE
The service charge is approximately £60 per month and includes buildings insurance.
GROUND RENT
The ground rent is approximately £25 per annum.
AGENTS NOTES
Ground rent and service charge is an approximate. To get more information, please contact a solicitor.
SERVICES
Understood to all be connected to mains.
TENURE
The property is leasehold and the lease is 90 years starting from February 1994. All leasehold information should be confirmed with a legal advisor.
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 'A'.
EPC
This property's energy rating is D.
VIEWING
Strictly by appointment with the sole agents.
FREE VALUATION
If you are looking to sell your own property, we will be very happy to provide you with a free, no obligation market appraisal and valuation. We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
ANTI-MONEY LAUNDERING (AML) REGULATIONS
In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, we are required to carry out identity checks on all purchasers. A charge of £25 + VAT per person will be payable by the purchaser to cover the cost of these checks. This fee is non-refundable and is payable upon acceptance of an offer.
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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