This interesting opportunity offers two homes on one plot in a centrally located part of Beverley and may also offer a development opportunity, either residential or to run a business from home (necessary permissions may be required). Both properties front onto Blucher Lane where they are nicely set back from the road but there is also a sizeable boundary with Holme Church Lane where a gate provides vehicular access. At the very least there is a 3 bedroom end town house with nearly 1200 square feet of space and a detached 2 bedroom bungalow of almost 750 square feet as well as a large yard/garden area.
This property is appealingly situated alongside Holme Church Lane where it is a no-through road and set back from Blucher Lane by a wide grass verge and a short no-through road that primarily provides access to the neighbouring properties and parking. It may well suit multi generational buyers, someone looking for a home and investment property, a buyer looking for space to accommodate work vehicles or a buyer looking for a development opportunity (subject to necessary permissions). The local area has a number of smaller scale developments that have been completed over the last 15-20 years. The plot is approximately 0.15 acres in size and besides the two residential properties comprises a large hardstanding area with outbuildings/workshops with car ports to the front of them. The rear area is bounded by a high wall and fence.
The end town house (No 28) which has been extended to the front, benefits from a gas fired central heating system and uPVC double glazing, and offers almost 1200 sq. ft. of space. The accommodation comprises: an Entrance Hall, Large Living Room, Dining Kitchen, a rear Entrance Hall with a WC, 2 Double Bedrooms, a Single Bedroom and a Bathroom. The detached bungalow (No 30) benefits from gas fired central heating and wooden double glazing, and comprises an Entrance Hall, Living Room, Kitchen, good sized Double Bedroom, a further Bedroom and a Bathroom.
An unusual but interesting opportunity in this popular residential area of Beverley and early viewing is essential to fully appreciate all that is on offer.
LOCATION
The property is situated to the east of Beverley town centre at the convergence of Blucher Lane and Holme Church Lane. The houses front onto a side road of Blucher Lane with that and a wide grass verge separating them from the through road. Vehicular access is via Holme Church Lane. There are a number of local shops in the area and the Flemingate Centre is nearby. The property provides convenient access to Beverley town centre and the extensive range of shops, restaurants, pubs and leisure amenities the town offers.
ACCOMMODATION
No 28 - 3 bedroom end town house:
Entrance Hall - stairs to first floor.
Living Room - a spacious living room with double doors to…
Dining Kitchen - a good sized L-shaped space with a range of base and wall mounted fitted units.
Rear Entrance Hall - door to side.
WC
First Floor Landing
Bedroom 1 - a good sized double bedroom with fitted wardrobes.
Bedroom 2 - a double bedroom.
Bedroom 3 - a single bedroom.
Bathroom - with a three piece suite in white.
No 30 - 2 bedroom detached bungalow:
Entrance Hall - with fitted cupboards.
Living Room - a good sized living room.
Kitchen - fitted with a range of base and wall mounted units.
Bedroom 1 - a double bedroom with fitted wardrobes.
Bedroom 2 - with fitted wardrobes.
Bathroom - with a three piece suite in white.
Outside - there is a space at the front of both properties which is currently paved with a low brick wall to the front boundary. There is a passageway between the two leading to the rear yard. At the rear there is extensive hardstanding. High gates give vehicular access to Holme Church Lane and there is a high wall to the perimeter on the Holme Church Lane side and fencing to the opposite side. At the rear of the yard there are outbuildings that have been used as workshops with car ports to the front of them.
Heating and Insulation: No. 28 Blucher Lane has gas-fired radiator central heating and uPVC double glazing and no. 30 has gas-fired radiator central heating and wooden double glazing.
Services: All mains services are connected to both properties. None of the services or installations have been tested.
Council Tax: Council Tax is payable to the East Riding of Yorkshire Council. No. 28 Blucher Lane is shown in the Council Tax Property Bandings List in Valuation Band 'B' and No. 30 Blucher Lane is shown in Valuation Band 'C' (verbal enquiries only).
Tenure: Both properties are Freehold. Vacant possession upon completion.
Viewing: Strictly by appointment with the agent's Beverley office. Telephone: 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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