This interesting property is one of a pair of architecturally distinctive former chapels which have been converted into individual homes and are located a short distance from Hornsea town centre. The detached accommodation created is both individual and characterful, with feature windows and a vaulted upstairs space with large king post roof truss exposed in the spacious open plan living and kitchen area. The ground floor rooms include 3 bedrooms, one having an en-suite, plus a second shower room. Externally, the side driveway is shared with the other chapel and a small land area to the rear is suitable as a parking space. This is a lifestyle home ideal for a buyer wanting a home with a difference on the East Yorkshire coast, with the beach within easy reach, or to create a holiday spot with that extra bit of character and quirkiness that will mean its always in demand.
LOCATION
The property is situated to the south of Hornsea town centre, within a third to half a mile of many of the shops there, and is just a third of a mile from Hornsea Mere, Yorkshire's largest freshwater lake. Hornsea is on the east coast and its beach is about three quarters of a mile away, via the town centre.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Entrance Hall: A quarter-turn staircase leads off. Radiator and cupboard housing gas combination boiler.
Bedroom One: Radiator.
Dressing Area: With walk-in wardrobe.
En Suite Bathroom / WC: Fitted with a shower bath with plumbed shower unit and splash screen, pedestal wash-hand basin and low level WC. Radiator.
Bedroom Two: Radiator.
Bedroom Three: Radiator.
Shower Room / WC: Includes a shower enclosure with plumbed shower fitment and tiling, pedestal wash-hand basin and low level WC. Radiator.
FIRST FLOOR
Living Kitchen: This open plan living space is a main feature of the property, set within the high roof void and including a substantial exposed roof truss and Velux roof windows. There are three radiators and the kitchen area is comprehensively equipped with a range of fitted units which have wood block worktops including a twin Belfast sink and small island. Integrated electric oven hob and hood, dishwashing machine and fridge. Plumbing for automatic washing machine.
OUTSIDE
The property has gravelled driveway space bounded by impressive gates and walling. This is shared with the next door house and is also an access into the town cemetery at the rear. A small area of land to the rear of the house is suitable for car parking.
Heating and Insulation: The property has gas-fired radiator central heating and the timber window frames are double glazed.
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 'B' (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 : 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 |
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