A wonderful opportunity to acquire a two bedroom detached non estate bungalow occupying a great position on Leconfield’s Main Street.
While it's detached it’s not too large so will suit those wanting detached in a smaller size and lower price point. With gas fired central heating and double glazing the accommodation comprises: Entrance Hall, Living Room, Dining Kitchen, a double Bedroom with extensive fitted wardrobes and a further good sized single Bedroom, also with a wardrobe. There is a modern refitted Shower Room with a larger shower enclosure.
Outside, to the front of the property is an area of garden with trees and shrubs and a good sized area of block paved car hardstanding that provides turning space and parking for a number of vehicles but also access to the single attached garage. To the rear are gardens with a timber shed, further block paving and gravelled areas for ease of maintenance. There is also a raised bed and currently some other vegetable beds.
LOCATION
The property sits on the Main Street of this popular village in an attractive non estate position. The village provides amenities including a church, primary school and sports club which are supplemented by the extensive range in nearby Beverely. There is a regular bus service from the centre of the village, just steps from the property, to Beverley and Driffield.
ACCOMMODATION
Entrance Hall
Living Room
Dining Kitchen
2 Bedrooms - both with fitted wardrobes
Shower Room - with modern suite
Front & Rear Gardens
Driveway, car hardstanding and single Garage.
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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