A rare opportunity to acquire a large two bedroom second floor apartment in an immensely popular part of Beverley. Accessed via a convenient lift, the property briefly comprises:- Hallway, open plan living/dining/kitchen area with integral fridge freezer, washing machine, dishwasher, and electric hob and oven with extractor over. down the hall there are two double bedrooms, an en suite and family shower room. There is also a balcony overlooking the well maintained landscape gardens.
The property also benefits from communal living spaces for the residents to enjoy. These include a lounge with tea and coffee making facilities, a games room and a library.
The property is located just off Molescroft Road which is a short walk from the immensely popular Beverley town centre.
ACCOMMODATION
Hallway: Carpet flooring and a large storage cupboard.
Living Area: Double glazed French doors lead onto the balcony. Carpet flooring, electric radiator and electric fireplace.
Kitchen: Tiled flooring, a range of wall and base units, integrated fridge freezer and washing machine, electric hob with extractor over, electric oven, sink with mixer tap and a microwave.
Bedroom One: Double glazed window to front elevation, carpet flooring, built in wardrobe and an electric radiator.
En Suite Shower Room: Tiled flooring, step-in shower cubicle, pedestal sink, low level WC, vanity cabinet and a heated towel rail.
Bedroom Two: Double glazed window to front elevation, carpet flooring, built in wardrobe and an electric radiator.
Family Shower room: Tiled flooring, step-in shower cubicle, pedestal sink, low level WC, vanity cabinet and a heated towel rail.
OUTSIDE
Outside there is an allocated parking space and very well kept landscaped gardens. In addition, there is also a bus stop right outside the main building making transport to and from the property very convenient.
Tenure: The property is leasehold with 994 years remaining on the lease. Ground rent is £495 per annum. Ground rent review in 2039. All residents must be at least 55 years of age. The service charge is £3791.21 per annum.
Services: Mains electricity, water and drainage are connected to the property. None of the services or installations have been tested.
Heating and Insulation: The property has electric heating and uPVC double glazing.
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).
Viewings: Strictly by appointment through our Beverley office. (01482 866844).
Tenure : Leasehold
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 |
© 2025 Dee Atkinson & Harrison, All Rights Reserved.
