This is a very affordable detached home in a quiet and popular part of the town. The dormer style design includes three potential bedrooms, two of which are on the ground floor, with the main feature of the accommodation being an extended 8m living room at the rear which opens out to a very good sized and enclosed south facing garden. Surrounding homes within the cul-de-sac are also detached, and this property borders at the rear onto an area of open landscape which adds to the privacy of the garden setting. There is also a side driveway and detached garage. Potential exists to carry out modernisation of the interior of the house whilst the large plot would also allow further extension, if required.
LOCATION
The house is situated in Molescroft and is about a mile to the north of the main town centre where a Georgian Market Place is the core of a lively area providing shopping facilities, with many national retailers and local traders, and also an abundance of cafes and eateries. Other Beverley attractions include a cinema, theatre, sports clubs and a centre with swimming pool, golf and horseracing courses and historic churches including the Minster. Molescroft primary school is about a third of a mile walk.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Entrance Hall: Radiator. Understairs cupboard.
Separate WC: Low level toilet suite and wash-hand basin. Half tiled walls.
Lounge and Dining Area: An extended room with sliding patio doors opening to the rear garden. Fitted gas fire, two radiators and ceiling coving.
Kitchen: A range of fitted base and wall units include worktops with single drainer sink, plumbing for automatic washing machine, electric cooker point and radiator.
Bedroom Two: Radiator.
Bedroom Three: Radiator.
FIRST FLOOR
Landing: Built-in cupboard with two shelves houses gas combination boiler.
Bedroom One: Radiator. Archway to:
Dressing Area: A range of fitted furniture includes wardrobes, drawers and storage and conceals a door into a roof void with electric light.
Bath / Shower Room: Equipped with a panelled bath, pedestal wash-hand basin, toilet suite and quadrant shower enclosure with plumbed shower unit. Approx. half to full height wall tiling and heated towel radiator.
EXTERNAL
Detached Garage: Brick-built with flat felt roof measuring 18'0" x 9'0" (5.49m x 2.74m) externally with electrically operated up-and-over door. Approached over a private concrete strip side driveway.
Gardens: The property has an open plan front lawn. To the rear there is a private and south-facing garden of good proportions, mainly lawned with a small patio adjacent to the house. The bottom of the garden contains three trees and further trees beyond, in an area of public open space, provide a leafy backdrop.
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 'D' (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 : D
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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