Two bedroom terraced house in the popular town of Beverley, the home would be perfect for first time buyers or investors. The property briefly comprises of:- Hallway, living room/dining room, kitchen, bathroom, to the first floor is two double bedrooms.
LOCATION
The property is located in the hugely popular town Beverley and is only a short walk or drive from the Town centre which contains a range of fantastic amenities such as restuarants, bars and the popular Flemingate shopping centre, other Beverley attractions include a cinema, theatre, sports clubs and a centre with swimming pool, golf and horseracing courses and historic churches including the Minster.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Hallway: Carpet flooring, storage cupboard and a radiator.
Lounge/Dining Area: Open plan, connected by an archway, double glazed window to front aspect, carpet flooring, gas fire, and two radiators.
Kitchen: Double glazed window to rear aspect, door leading to garden, vinyl flooring, work surfaces, electric hob, electric oven, washing machine, stainless steel sink and partially tiled walls.
Bathroom: Double glazed window to rear aspect, low level W.C, panelled bath with shower over, pedestal sink, vinyl flooring, tiled walls and a radiator.
First Floor
Bedroom One: Double glazed window to front elevation, carpet flooring, television point and a radiator.
Bedroom Two: Double glazed window to rear elevation, carpet flooring, two storage cupboards and a radiator.
Outside
Garden: To the rear of the property is a paved garden with fenced borders, storage shed and an access gate at the rear.
Heating and Insulation: The property has gas-fired radiator central heating and uPVC double glazing.
Services: All mains services are connected to the property. None of the services or installations have been tested.
Council Tax: Council Tax is payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'A' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent's Beverley office. Tel: (01482) 866844.
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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