One bedroom apartment situated in the popular village of Walkington, the property would be perfect for cash buyers and investors. The home briefly comprises:- Entrance hall, wetroom, bedroom, living room and a kitchen. Outside the property benefits from allocated parking and a communal gardens at the rear.
LOCATION
Walkington village is approximately three miles west of the market town of Beverley which provides extensive and popular shopping and recreational facilities, sports clubs and a railway station. Hull city centre is about 11 miles away. The property is located a few hundred yards south of the main street through the village along which are located a local shop/PO, modern parish hall and three public houses/restaurants. There is also a pretty village pond and village primary school which feeds into the Beverley High and Grammar schools.
THE ACCOMMODATION COMPRISES:
Entrance Hall: Two storage cupboards, carpet flooring and an electric radiator.
Wet Room: Double glazed window to front aspect, partially tiled walls, pedestal sink, low level W.C and a shower area.
Bedroom: Double glazed window to rear aspect, carpet flooring, and an electric radiator.
Living Room: Double glazed window to rear aspect, carpet flooring, electric fire place with marble surround, and two electric radiators.
Kitchen: Double glazed window to front aspect, work surfaces, sink, space for oven/hob, space for a fridge and washing machine. Partially tiled splashback.
Outside: To the front/side there is parking spaces for two cars and to the rear is a lawned communal area.
Heating and Insulation: The property has electric radiators 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: Leasehold. Vacant possession upon completion. The current service charge is £383.86 which is to be paid every quarter. There is also potential to extend the lease on this property.
Viewings: Strictly by appointment with the agent's Beverley office. Tel: (01482) 866844.
Tenure : Leasehold
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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