
This is a deceptive terraced house providing accommodation including three generous bedrooms and a first floor bathroom. There is also a 27ft / 8.2m long living kitchen in addtions to two reception rooms. It therefore has potential to be a great family house, but although double glazed and partially centrally heated it otherwise is in need of a comprehensive programme of general modernisation and will therefore appeal to those seeking a project to add value and possible rent out,
ACCOMMODATION
The property is located off The Boulevard, which links with two main arterial roads into Hull, around a mile west of the city centre. This position is well placed for access to the Hull Royal Infirmary and KC Stadium, and is within short level walking distance of a wide range of neighbourhood shops and amenities on Hessle Road.
GROUND FLOOR
Hallway Passage
Living Room
Dining Room: French doors to rear.
Breakfast Kitchen
Garden Room: With store.
FIRST FLOOR
Landing: Cupboard housing gas boiler.
Bedroom One
Bedroom Two
Bathroom: With three piece suite.
Bedroom Three
OUTSIDE
Shallow forecourt and rear yard with pedestrian access.
Services: All mains services are connected to the property. None of the services or installations have been tested.
Council Tax: Council Tax is payable to Kingston-upon-Hull City Council. The property is shown in the Council Tax Property Bandings List in Valuation Band A (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewing: Strictly by appointment with Auction House Hull & East Yorkshire. Telephone: 01482 866844.
Solicitors: TLT Solicitors, 1 Redcliff Street, Redcliffe, Bristol, BS1 6TP. Telephone: 0330 165 4201. Email: paul.ayres@tltsolicitors.com
Additional Fees:
The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) and a buyers premium of £1,020 (£850 + 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.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 14th November 2022 and closing on Wednesday 16th November 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
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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