FOR SALE by ONLINE AUCTION on WEDNESDAY, 22nd MAY 2024, at 1:00 pm - GUIDE PRICE £150,000
Windmill Cottage is a generally well-maintained detached true bungalow standing within well-kept gardens and benefiting from uPVC double-glazed windows and doors, gas-fired central heating and a detached single garage. It would, however, benefit from refurbishment of the kitchen and bathroom fittings that, although functional, are now looking a little tired. The property would suit owner occupiers and investors looking for an easy-to-let property to start or add to their portfolio.
Location
The property stands on a generous corner plot that is conveniently placed for local amenities and just a short walk from the town centre. Driffield offers an excellent range of shopping and recreational facilities, as well as excellent public transport connections to the East Coast and the larger centres of Beverley, Hull, and York.
Accommodation
Entrance Hall
With a uPVC double-glazed panel door opening from a recessed porch into a welcoming hallway with ceiling coving, radiator, thermostat for the heating, loft access hatch, and built-in airing cupboards housing the gas-fired combi boiler.
Lounge
With ceiling coving, radiator, TV point, fitted carpet and a double glazed window to the front elevation. Gas point for a gas fire set within a traditional fireplace.
Breakfast Kitchen
Fitted with a range of base, wall and drawer units in a laminate finish, marble-effect rolled-edge worktops, one and a half-bowl stainless steel sink unit with mixer tap, electric oven, gas hob with extractor hood above, and recess spaces to accommodate freestanding appliances. Ceiling coving, vinyl flooring, radiator, double-glazed windows to the rear and side elevations, and a double-glazed panel door opening to the rear.
Bedroom One
A double room with ceiling coving, TV aerial point, radiator and a double-glazed window to the front elevation.
Bedroom Two
Also a double room, again with ceiling coving, TV aerial point, radiator, double glazed window to the rear elevation.
Bathroom
With Pampas coloured suite comprises of a panelled bath with mixer shower attachment and folding glass screen, pedestal wash basin and WC, fully tiled walls, ceiling coving, radiator and a double glazed window.
Outside
The property is approached via a wide vehicular access to a gated side driveway, with an open lawn and planted border extending across the front. The driveway turns across the back of the bungalow to provide additional vehicle space if required and gives access to the:
Detached Garage - 5.18m x 3.18m (170" x 105") with up and over door.
Gardens
The gardens wrap around to the rear and side of the bungalow, providing generous terrace spaces and a multilevel lawn with various well-stocked planting beds and borders. Set within a fenced perimeter, with summerhouse and greenhouse included.
Council Tax
Council Tax is payable to East Riding of Yorkshire Council, with the property understood to be rated in Tax Band - B.
Viewing
Strictly by appointment with the auctioneers on 0845 400 9900
EPC rating: D(65)
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 20th May 2024 and closing on Wednesday 22nd May at 1.00pm. For further legal information relating to this lot please go to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire, before the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
Guide Price
Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time before the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online bidding
If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search, and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c
Tenure : Freehold
Council Tax Band : B
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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