A rare and interesting opportunity to purchase a dilapidated traditional farm homestead set in grounds extending to 2.08 acres or thereabouts. The homestead comprises a dwelling house and the remains of the original ranges of brick and tile outbuildings which enclose a fold yard with solid floor. These buildings are offered for sale in their existing condition without any formal planning consents and this site is offered for sale for whatever planning use can be achieved by the purchaser without overage. Interested parties must understand the house and buildings are a health and safety hazard therefore, viewing is entirely at own your risk and internal inspection of the house will not be permitted.
LOCATION PLAN
The land is located 1.2 miles to the north of Wawne, 4.1 miles east of Beverley and 6.9 miles north of Hull.
ACCESS
Direct access to the farmstead is available from the Council highway known as Meaux Road.
GENERAL REMARKS AND STIPULATIONS
PLANNING
Interested parties are invited to make their own planning enquiries with the Local Authority. The Purchaser will be responsible for the cost of obtaining planning consents in respect of their intended use of the site.
LOCAL AUTHORITY
East Riding of Yorkshire Council, County Hall, Cross Street, Beverley, HU17 9BA
Tel: 01482 393939
OVERAGE
The property will not be sold subject to an overage clause.
SERVICES
Mains electricity was previously supplied to the property. The water supply was previously supplied from a private bore hole located close to the house. Interested parties should make their own enquiries.
DRAINAGE
The Purchaser will provide their own foul sewerage infrastructure.
BOUNDARY OBLIGATIONS
The Purchaser to erect and thereafter maintain in perpetuity a stockproof fence between points T-V-W-X-Y-Z within nine months of the completion date.
PADDOCK
The sale includes an area of arable land extending to 0.96 acres between points W-X-Y-Z on the sale plan which has potential to be used for a grass paddock. There are no formal rights of occupation attached to the paddock area.
STEEL FRAMED BUILDING
A 6 bay steel framed Dutch barn is included in the site measuring 90ft x 30ft.
METHOD OF SALE
The property is for sale as a whole by auction via Auction House, Hull and East Yorkshire.
TENURE & POSSESSION
The property is for sale freehold with vacant possession on completion.
CONTAMINATED LAND
The Seller is not aware of any land having been filled with any contaminated matter referred to in the Environmental Protection Act 1990. The Seller does not give any guarantee in this respect and advises the Purchaser(s) to make such enquiries and investigations, which may be necessary to satisfy themselves that none of this land is so filled.
VAT
In the event that the sale of the property or any part of it or any right attached to it becomes chargeable for the purposes of VAT, such tax will be payable in addition to the purchase price.
PUBLIC RIGHTS OF WAY, EASEMENTS AND WAYLEAVES
The land is sold with the benefit of all the accustomed or granted rights of way, water, support, drainage, electricity supplies, light, or other easements, or quasi easements and restrictive covenants and all existing or proposed wayleaves for electricity, drainage, water, gas and other pipes whether shown on the plan or indicated in these particulars or not and without any obligations to define the same respectively.
PLANS AREAS & SCHEDULES
The plan provided in these sale particulars is for guidance only. It is the responsibility of the Purchaser(s) to verify the boundaries and area of the property before completing a sale.
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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