Location
The property is within close proximity to a range of amenities, which include; South Beach, Scarborough Castle, Scarboroughs , indoor market, and Town Centre.
Ground Floor
Entrance Hall
With stairs leading to the first floor.
Living Room
With bay window to the front elevation, a solid fuel burner, wood flooring and a radiator.
Dining Room
With a feature brick fireplace, wood flooring and a radiator.
Kitchen
It is fitted with a range of wall and base units with worktop surface areas and incorporates an inset sink unit. Space for an electric cooker, washing machine and a fridge/freezer. Wood effect flooring. Double glazed window and a door to the side elevation leading to a rear yard.
First Floor
Landing
Bedroom
A double bedroom with radiator.
Bedroom Two
Another double bedroom with window to the rear elevation offering distant sea views, and a radiator.
Bathroom
Fitted with a three piece suite which includes a bath with electric shower and a separate shower attachment, wash hand basin and a low level WC. Radiator.
Second Floor
Landing
Return staircase from first floor.
Bedroom Three
A further double bedroom with wood flooring and a radiator.
Bedroom Four
Again, a double bedroom with a window to the rear elevation with distant sea views and a radiator.
Outside
Tenure
Freehold with vacant possession upon completion.
EPC Rating: D(64)
Services
Mains water, gas, electricity and drainage are connected. None of the services or appliances have not been tested.
Local Authority
This property falls within the geographical area of the Scarborough District Council and is listed as being in Council Tax Band B.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 20th May 2024 and closing on Wednesday 22nd May at 1.00pm. For further legal information relating to this lot please go 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 auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire before the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price, including VAT and a buyer’s premium of £900 (£750 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.
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 before 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.
Online bidding
If you want 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
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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