With gas fired central heating and double glazing the accommodation, which is already extended to the ground floor, comprises: a spacious Entrance Hall, WC Cloaks, Living Room with windows to two aspects including a bow window to the front, 21’ extended Dining Room, 18’ Breakfast Kitchen, 4 double Bedrooms 3 with wardrobes and one with a built in cupboard) and a Bathroom. There are mature gardens to the front of the property, largely lawned with a range of shrubs. To the rear of the property are further good sized largely lawned gardens with a range of trees and shrubs. A double block paved driveway leads to an attached double garage with remotely operated roller door, power and light and a courtesy door to the garden.
A lovely home with lots of potential. These types properties in this location are always highly sought after and early internal inspection is recommended.
LOCATION
The property is situated in the highly regarded Molescroft area of Beverley. The local primary school is very close and Longcroft Secondary School is also conveniently located. There are some local shops in Molescroft on Woodhall Way which are supplemented by the extensive range available in nearby Beverley town centre.
ACCOMMODATION
Entrance Hall
Living Room
Dining Room
Kitchen
WC Cloaks
4 Bedrooms
Bathroom
Front & Rear Gardens
Driveway & Double Garage
Tenure : Freehold
Council Tax Band : E
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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