Standing on a good-sized plot on a small cul-de-sac off The Mount, this detached three-bedroom chalet-style house presents an excellent opportunity for anyone looking for a manageable renovation project. The property offers approximately 1060 sq ft of versatile and gas centrally heated accommodation together with an attached single garage. Renovation work required includes the replacement of windows, updating of kitchen and bathroom fittings, redecoration, replacement of floor coverings, and restoration of the garden.
LOCATION
Located in a popular residential area within the Market Town of Driffield which has a great variety of local shops, restaurants, and transport links including a railway station, a local market on a Thursday, and is within easy traveling distance of the east coast, Beverley and the Yorkshire Wolds.
ACCOMMODATION
GROUND FLOOR
ENTRANCE HALL
Door to the front aspect, single radiator, telephone point, and under-stairs cupboard.
LOUNGE/DINING AREA
Well-proportioned living space with living flame gas fire, double radiator, and TV point.
KITCHEN
Fitted with a basic range of wall and base units plumbing for dishwasher or washing machine, sink with drainer and mixer tapt, space for afree standing cooker with both gas and electric cooker points, double radiator wall mounted gas central heating boiler (not tested).
SIDE LOBBY
Side entrance door.
CLOAKROOM
Low flush WC, pedestal wash hand basin, and single radiator.
BEDROOM THREE
Window to the front aspect, and a single radiator.
FIRST FLOOR LANDING
Built in storage cupboard.
BEDROOM ONE
With a single radiator, built-in wardrobes, and large eaves storage cupboard.
BEDROOM TWO
With single radiator, and built in wardrobes.
BATHROOM
With a two-piece bathroom suite comprising a pedestal wash hand basin, paneled bath with independent shower and screen over. Single radiator.
GARDEN
There are good sized gardens to the front and rear. A private drive provides access t othe garage and off street parking. There is also space to the side of the garage for a caravan, boat or additional vehicles.
GARAGE
The property has an attached single garage with up and over door, power, light and personal door.
SERVICES
Understood to be connected to main electric, water, gas, and drainage but the services have not been tested.
TENURE
The property is Freehold and offered with the benefit of vacant possession upon completion.
COUNCIL TAX BAND
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 C.
VIEWINGS
Strictly by appointment with the Auctioneers on 0845 400 9900
METHOD OF SALE
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 20th November 2023 and closing on Wednesday 22nd November at 3.00pm. For further legal information relating to this lot please log on 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 on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
ADDITIONAL FEES
The purchaser will be required to pay an administration charge of £750 (£625 plus VAT) and a buyer’s premium of £480 (£400 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 prior to 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 : 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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