The property briefly comprises:- entrance hall, lounge/kitchen, two bedrooms, bathroom and allocated parking space.
LOCATION
Driffield offers an outstanding array of amenities, including shops, restaurants, public houses, quality sports facilities dedicated to Rugby, Golf, Football, Bowls, Cricket and many others, as well as a very highly regarded Secondary School. It also provides excellent road and public transport connections to Hull, Beverley, Bridlington and Scarborough.
THE ACCOMMODATION COMPRISES:-
ENTRANCE INTO:
ENTRANCE HALL- 12'0 (3.68m) x 3'3 (1.01m)
Door to the side aspect, intercom telephone system, fitted carpets, radiator and power points.
LOUNGE/KITCHEN- 15'6 (4.73m) x 13'8 (4.18m)
Double aspect windows to the front aspect, wall mounted gas boiler, tiled splash back, a range of wall and base units, sink with drainer unit, space for fridge/freezer, plumbing for washing machine, electric oven, gas hob, extractor hood, vinyl flooring and fitted carpet, radiator, TV point, telephone point and power points.
BEDROOM ONE- 8'8 (2.66m) x 13'7 (4.15m)
Double bedroom with window to the front aspect, fitted carpets, radiator, TV point and power points.
BEDROOM TWO- 6'6 (1.99m) x 9'10 (3.00m)
Another good size bedroom with window to the front aspect, fitted carpets, radiator, TV point and power points.
BATHROOM- 7'5 (2.28m) x 6'11 (2.13m)
Opaque window to the side aspect, partially tiled walls, three piece bathroom suite comprising:- low flush WC, sink with pedestal and tiled splash back, panelled bath with over head shower and glass shower screen, vinyl flooring, radiator and extractor fan.
PARKING
Allocated parking space.
COMMUNAL ENTRANCE
Communal entrance is via a door to the rear aspect with intercom system.
SERVICE CHARGE & GROUND RENT
There is an annual service charge of around £900 per annum which includes the ground rent. This can be split up into monthly payment or quarterly payments.
SERVICES
Mains gas is connected to the property, mains sewage, water and electric.
TENURE
This property is leasehold and it started on 1st January 2005 with 999 years. From 2025 there is 979 years left on the lease.
COUNCIL TAX BAND
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band 'A'.
EPC- C
VIEWING
Strictly by appointment with the sole agents.
FREE VALUATION
If you are looking to sell your own property, we will be very happy to provide you with a free, no-obligation market appraisal and valuation. We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
Tenure : Leasehold
Council Tax Band : A
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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