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This individual property is set within almost 9.5 acres of land including paddocks, a pond and tree plantation, and is a lovely rural retreat on the East Yorkshire coast. The detached bungalow and its garden enjoy a peaceful position along a private roadway and outlooks across the surrounding fields comprising two grass paddocks, making this an ideal opportunity for those with equestrian or hobby farming interests. The property dates from the 1970's and benefits from generously proportioned rooms to include two dual aspect reception rooms, breakfast kitchen, three double bedrooms and three bath/shower rooms, all on the ground floor. The roofspace contains a fourth bedroom and wc, and may have potential for further development if a buyer should require.
LOCATION
Holmpton is a small village on the east coast about 3 miles south of the resort town of Withernsea, where a range of local shops and services are provided. The bungalow is only 3/4 mile from the sea, on the edge of the village. It is about 19 miles into the centre of the city and port of Hull.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Entrance Hall: The main area has a herringbone solid wood floor and open tread staircase leading off. Deep built-in cupboard, airing cupboard housing hot water tank, two radiators and ceiling coving.
Lounge: A bright and spacious dual aspect room with two large picture windows and a tiled fireplace with Baxi grate. Two radiators, ceiling coving, glazed double doors to:
Dining Room: Again dual aspect with four large arched windows and a wall with mock fireplace recess and two display niches. Radiator and ceiling coving.
Breakfast Kitchen: Fitted with a range of cabinets with oak doors and granite-effect laminate worktops including a one and a half bowl single drainer sink. Integral dishwasher, radiator and tiled flooring.
Entrance Lobby: Radiator.
Utility Room: Plumbing for automatic washing machine.
Bedroom One: Radiator.
En Suite Shower Room: With plumbed shower in enclosure, wash-hand basin and low level toilet suite. Approx. half height splashback tiling, tiled floor and radiator.
Family Bathroom: Features a large bathtub, pedestal wash-hand basin, low level toilet suite, bidet and a quadrant shower with plumbed shower unit. Built-in cupboard. Approx. half to full height wall tiling and radiator.
Bedroom Two: Fitted with a comprehensive range of wardrobes, high level cupboards and chest of drawers. Radiator and ceiling coving.
En Suite Wet Room: Majority fully tiled and with a plumbed shower unit, low level toilet suite and pedestal wash-hand basin. Radiator.
Bedroom Three: Fitted furniture includes two double wardrobes, high level cupboards and a dresser. Radiator and ceiling coving.
FIRST FLOOR
Landing: Built-in eaves storage cupboard and cold water tank storage. Radiator, roof light, door to remaining loft area.
Separate Toilet: With WC and wash-hand basin.
Bedroom Four: Radiator and roof light. Access to boarded out eaves storage.
EXTERNAL
The bungalow is set within the immediate surroundings of a mature garden that is contained within boundary hedges and entered through a gate in the middle of the frontage which serves a gravel driveway running to both sides of the building and providing ample parking. The front of the property is mainly planted with shrubs providing a roadside screen, and to the rear is a roughly south-west facing patio and lawn with borders. Timber summerhouse and timber shed.
THE LAND
Extending to around 9.47 acres in total the property includes two parcels of land, each with frontage to Patrington Road. A grass field of about 3.29 acres wraps around the bungalow and garden on 3 sides. On the opposite side of the private road which gives access to the property is a further grass field which includes a mature tree belt to the east and south side, and a pond - a further approx 5.87 acres.
Heating and Insulation: The property has oil-fired radiator central heating and sealed unit double glazing.
Services: Mains water and electricity are connected to the property. Private drainage system. 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 'D' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Joint Agents: Frank Hill & Son, 18 Market Place, Patrington, HU12 0RB.
Viewings: Strictly by appointment with the joint agents. Telephone: (01482) 866844 or 01964 630531.
Tenure : Freehold
Council Tax Band : D
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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