FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 19th JULY AT 3.00PM BY ONLINE AUCTION Guide price £110,000 - £120,000
This three-bedroom, semi-detached house offers an excellent opportunity to investors and DIY enthusiasts looking for a manageable project to flip or retain for a lettings portfolio. The gas centrally heated and fully double-glazed accommodation is now in need of a manageable programme of cosmetic modernisation but could easily be let with only minimal improvement.
Location
The Historic Town of Hedon is located just off the A1033, approximately seven miles to the east of the centre of Hull. A weekly market is held in St Augustines Gate where a variety of local shops can be found. Considered the Gateway to Holderness, Hedon also serves many of the nearby villages. The well-regarded South Holderness Secondary School is located on the north side of the town, there are two local primary schools and a regular bus service to Hull is available.
Accommodation
Ground Floor
Entrance Hall
With uPVC front door, single radiator and under stairs cupboard.
Living Room
With electric coal effect fire set in a brick fireplace, double radiator, dining area with serving hatch to the kitchen, TV aerial point.
Kitchen
With a range of base, wall and drawer units, stainless steel sink with mixer tap, double oven and four ring ceramic hob with extractor over, single radiator and iuPVC side entrance door. Wall mounted gas central heating boiler.
On the First Floor
Landing
With access to the roof space and airing cupboard housing the hot water tank.
Bedroom one
With single radiator.
Bedroom two
With single radiator.
Bedroom three
With double radiator and over stairs storage cupboard.
Bathroom
With white suite including a panelled bath with mixer tap and hand spray attachment, pedestal wash hand basin, single radiator and half tiled walls.
Separate WC
With low level WC and half tiled walls.
Outside.
To the front is a forecourt garden that could be altered to provide off street parking (subject to planning and highway consent).
To the rear is a good sized garden with garden shed.
Tenure
Freehold with vacant possession upon completion.
Council Tax
East Riding of Yorkshire Council shows that all three flats are banded in council tax band B
Services
All mains services are believed to be connected but have not been tested.
Viewings
Strictly by appointment with the auctioneers on 0845 400 9900
Solicitors
TBC
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 17th July 2023 and closing on Wednesday 19th July 2023 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 auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Guide Price
*Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees:
The purchaser will be required to pay an administration charge of 0.3% of the purchase price subject to a minimum of £750 (£625 plus VAT) and a buyers premium of £480 (£400 plus VAT) in addition to the purchase price of the property.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 : 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 |
© 2025 Dee Atkinson & Harrison, All Rights Reserved.
