
A beautifully presented first floor RETIREMENT APARTMENT close to the town centre.
Tenure : Leasehold
Council Tax Band : B
Description
Located within walking distance of the town centre is this extremely well presented first floor retirement apartment which must be viewed to be fully appreciated. The property provides modern, light and airy accommodation with a fitted kitchen opening into the sitting room which enjoys a Juliet balcony overlooking the front of the building, double bedroom, bathroom, electric heating and double glazing. In addition to the private accommodation, there is a residents sitting room and communal facilities including house manager, visitors bedroom and residents parking.
Driffield Information
Driffield is a traditional established market town which earned its title as Capital of the Wolds by virtue of its central position within the county. Recently voted the 5th best place to live in the north and north east of England. The larger towns of Bridlington, Beverley and Malton and cities of York and Hull are within easy travelling distance either by road, rail or bus. The town offers an excellent range of shopping facilities including national stores such as Wilkinsons, Boots, Tescos, W H Smiths and Iceland Foods. A new industrial site is located on the western outskirts of the town and is set to provide continued growth and employment to the area. Driffield is surrounded by a large agricultural community providing both employment and prosperity to the area. Schooling is provided in the form of several primary schools and the very well renowned Driffield Secondary School. Sport and entertainment are well catered for, with well supported clubs offering excellent facilities for rugby cricket, football, golf, hockey and tennis. Driffield has a modern Sports Hall with swimming pool and multi gym plus a flood lit all weather sports field. The town and villages provide a host of pleasant pubs and eating houses and visitors to the area are always impressed by the friendliness and hospitality by the local residents.
Entrance Hall
With built-in storage cupboard, smoke detector and intercom telephone.
Sitting Room
14'9'' x 10'1''
With electric wall mounted stone effect fire, TV and telephone point, Juliet balcony, two electric wall mounted heaters and coving to the ceiling. French doors to:
Kitchen
7'3'' x 5'8''
Fitted with a range of base, wall and drawer units having work top space over, stainless steel sink, fitted electric oven, four ring ceramic hob with extractor hood over, space for a fridge and freezer, spotlights and coving to the ceiling, wall mounted electric heater.
Bedroom
13'9'' x 9'
With fitted mirrored wardrobes to one wall, telephone point and coving to the ceiling.
Bathroom
Fitted with a three piece suite comprising panelled bath with shower and screen over, vanity wash hand basin with light over, fully tiled walls, extractor fan, wall mounted heater and heated towel rail.
Outside
There are communal gardens including lawned area and well stocked borders. There is also a residents parking area.
Services
Mains water, electricity and drainage are all connected to the property.
Viewing
Strictly by appointment through the Sole Agents on 01377 241919.
Council Tax
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 'B' (verbal enquiry only).
Tenure
The property is held under Leasehold Title with approximately 109 years remaining, further details on the lease and any additional charges are available upon request. The property is offered with the benefit of vacant possession upon completion.
Service Charge
This covers the communal residents lounge, kitchen, laundry, refuse, guest bedroom, lift, communal gardens, buildings insurance, external window cleaning, security and Careline facilities as well as the resident manager.
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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