Location
Dorset Street is located off Hessle Road on the Western side of the City and is conveniently placed for a wide range of shopping and public amenities.
Accommodation
Ground Floor
Entrance Hall
With uPVC front door and staircase leading off.
Living Room & Dining Area
This large bay fronted through room provides excellent living space with an ornamental fireplace, two single radiators, dado rail, TV aerial point and coving to the ceiling. Understairs storage cupboard.
Kitchen
With a good range of base and wall units, inset sink, plumbing for an automatic washing machine, space for a fridge, uPVC rear entrance door and side window, wall mounted gas boiler.
First Floor
Landing
Bedroom one
With a single radiator, uPVC window and TV aerial point.
Bedroom two
With a single radiator and uPVC window.
Bedroom three
With a single radiator and uPVC window.
Bathroom
With white suite including encased bath, low-level WC and pedestal wash hand basin. Single radiator.
Outside
Small forecourt and good sized enclosed low maintenance yard to the rear with pedestrian access.
Services: All mains services are connected.
Viewing:
Strictly by appointment with Auction House Hull & East Yorkshire. Driffield Office 0845 400 9900
Additional Fees:
The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) and a buyers premium of £480 (£400 + VAT) in addition to the purchase price of the property. Please see the legal pack for any disbursements that may become payable by the purchaser on completion.
Tenure: Freehold
Possession: Subject to the existing tenancy.
Solicitors: Mr William King, Beetenson & Gibbon Solicitors, Lauriston House, Town Hall Square, Grimsby, DN31 1JB. Tel: 01472 240251. Email: william.king@bgsolicitors.com
Energy Performance Certificate: D (64)
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 4th July 2022 and closing on Wednesday 6th July 2022 at 3.00pm. 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 on-line 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:
youtube.com/watch?v=ImXr4HXR36c
Tenure : Freehold
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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