DESCRIPTION
A more modern 3 double bedroom house in this sought after location just to the south of Beverley town centre and therefore convenient for all it offers. The property fully adjoins another to one side and one of the bedrooms adjoins another on the other side forming a gateway giving vehicular access to the rear and garage.
The size of the bedrooms is great, as a result of the style and we think this, as well as the fact it has a garage and WC Cloaks, will really set it apart for many buyers. It has a brand new stylishly fitted bathroom with a suite in white. The rest of the accommodation is in good condition but some buyers may wish to update aspects of it. The property benefits from gas central heating and uPVC double glazing.
In full it comprises: Entrance Hall, WC Cloaks, Living Room with French windows to garden and a Dining Kitchen with a range of fitted units, electric hob and oven, fitted microwave and dishwasher. To the first floor the landing gives access to 3 double bedrooms, one with fitted wardrobes, another with extensive fitted bookcase and a further one with a cupboard. There is also the bathroom with a new bathroom suite including low flush WC, wash hand basin with cupboard under, a panelled bath with shower over and a swing screen, Grohe taps to both basin and bath, marble style tiling.
To the rear of the property there is a west south west facing town garden with wall, railing and fence to perimeters which is largely paved with a raised bed. A courtesy door gives access to a detached single garage with power and light and an up and over door gives access to a turning circle that is shared with 1a Sloe Lane. A 5 bar gate provides vehicular access to Sloe Lane.
The property is likely to appeal to investors and first time buyers but possibly also to those looking to down-size and move into the town centre for whom the extra bedroom space might really appeal. An early internal inspection is highly recommended to fully appreciate all it offers but our 360 degree tour will also give you a fuller overview of the property https://tour.giraffe360.com/3b280845151b4d51b14a375cf6fb4ea4/
Heating and Insulation: The property has a gas-fired radiator central heating system and uPVC double glazing.
Services: All mains services are connected to the property. None of the services or installations have been tested.
Council Rax: 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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