DESCRIPTION
This well presented and much improved two bedroom ground floor apartment is one of four properties located in a converted Victorian detached house in an extremely popular and convenient location close to the town centre. The property provides centrally heated accommodation that has been remodelled since its conversion to include a high-quality modern kitchen and en-suite bathroom, fitted furniture to both bedrooms and good quality fittings throughout. The property is available with immediate vacant possession and has the added attraction of off-street parking to the rear. An early opportunity to view should not be missed.
LOCATION
Driffield is a traditional established market town that earned its title as Capital of the Wolds by virtue of its central position within the county. The larger towns of Bridlington, Beverley and Malton and the cities of York and Hull are within easy travelling distance either by road, rail or bus.
The town provides 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.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
This apartment enjoys a private entrance located to the side of the property.
PORCH
With fitted doormat and Oak door with the upper half glazed in bevelled glass opening into:
HALL
With contemporary radiator, coving to the ceiling and large useful storage cupboard.
CLOAKROOM
With dual flush low-level WC with concealed cistern, vanity wash hand basin with cupboard below, heated towel rail and extractor fan.
KITCHEN
Extremely well fitted with an attractive range of high gloss units finished with granite work surfaces and including one and a half bowl stainless steel sink inset into the granite with routed granite drainer, base, wall and drawer units, soft close cupboards and drawers, integrated Neff single oven and microwave, pull out larder cupboard and carousel unit, glazed display cupboard, four ring ceramic hob with extractor hood over, mirrored splashbacks, integrated fridge and freezer, cupboard housing the wall mounted gas fired combination boiler, plumbing for automatic washing machine, chrome heated towel rail and ceiling spotlight.
LOUNGE
With deep bay window, electric fire set within an Adams style fireplace, contemporary radiator, moulded cornices to the ceiling, TV aerial point, telephone point and thermostat for the central heating.
BEDROOM ONE
With fitted wardrobes providing hanging and storage space, built-in drawers and bedside cupboards and shelving. Contemporary radiator and coving to the ceiling.
EN-SUITE SHOWER ROOM
With large walk-in shower fitted with a rainfall showerhead and hand spray attachment, vanity wash hand basin with cupboards and drawers beneath, low-level WC with concealed cistern, travertine tiled walls and non-slip marble effect floor covering. Chrome heated towel rail and extractor fan.
BEDROOM TWO
With fitted wardrobe providing hanging and storage space and also concealing a fitted shower cubicle with electric shower with extractor fan. Vanity wash hand basin to one side with drawers beneath, moulded cornices to the ceiling and heated towel rail.
OUTSIDE
A driveway provides access to the rear brick set parking area where there are two dedicated parking spaces and communal gardens. There is also an outside storage cupboard.
TENURE
The property is held under leasehold title. The original 125 year lease is understood to have approximately 95 years left to run. The ground rent is £50 per annum and the annual service charge covering the cost of insurance and maintenance to communal parts is approximately £1,300 per annum. Offered with the benefit of vacant possession upon completion.
COUNCIL TAX
Band B
SERVICES
Mains water, gas, electricity and drainage. None of the services or installations have been tested.
VIEWINGS
Strictly by appointment through the Sole Agents on 01377 241919.
Tenure : Leasehold
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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