
This property is a rare find for buyers seeking a potential live-work unit comprisng a spacious detached 2 bedroomed home with an adjacent GARAGE/WORKSHOP building of some 1090 sq ft / 101 sq m. which has previously been used to house and maintain two large motor coaches and includes an inspection pit. This would be ideal for those wishing to house, maybe work on multiple vehicles or for storage or workshop space. Alternatively there is the potential to remove this building in order to provide an enlarged plot for the dwelling and also allow further conversion of the original barn to create even more living accommodation. The living space is a converted single storey range of traditional brick and tile farm buildings enjoying a private south facing courtyard garden.
LOCATION
The property is quite centrally positioned within the village of Wawne which is close to the northern outskirts of Hull with local amenities including a convenience store and primary school. It is within the catchment area for Beverley's Grammar and High Schools. A full range of shopping is available at the Kingswood Retail Park, approx 2.5 miles distant, with Hull city centre being about 6.5 miles and the attractive market town of Beverley 8.5 miles distant.
THE ACCOMMODATION COMPRISES:
Entrance Hall: Tiled floor and radiator.
Separate WC: Cloaks lobby and fully tiled toilet with low level WC suite and vanity wash-hand basin. Heated towel radiator.
Living Room: Two radiators.
Dining Room: Radiator. Loft access hatch. Archway to:
Kitchen: Fitted cabinets in a grey gloss finish have woodblock worktops incorporating a sink and induction cooking hob with extractor hood above. Built-in electric oven and microwave. Wall and floor tiling.
Hallway Passage: Radiator and ceiling coving.
Bedroom Two: Radiator and walk-in wardrobe with store room and radiator.
Inner Hallway: Ceiling coving, radiator and lobby leading to shelved pantry.
Conservatory: Radiator and doors opening to south-facing courtyard.
Bedroom One: Features a slipper bath with pillar taps. Radiator.
Shower Room: Shower pod enclosure with body jets, wash-hand basin and toilet suite. Tiling to walls and floor. A passageway off leads to:
Workshop: With integral office/store.
EXTERNAL
Main Workshop: With full-height sliding doors to the front and rear access into the workshop space integral to the main dwelling/barn. Section of mezzanine storage to one rear corner.
Courtyard Garden: To the south side of the building there is a concreted courtyard garden, enclosed by the dwelling and workshop, together with a wall on the south boundary with gates to an area of farmyard/driveway giving access from Meaux Road (the owner of Home Farm is responsible for 60% of the cost of maintenance and repair of the access. Use by heavy goods vehicles is prohibited).
Heating and Insulation: The property has gas-fired radiator central heating and uPVC double glazing.
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 the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'C' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent's Beverley office. Tel: (01482) 866844.
Tenure : Freehold
Council Tax Band : C
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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