The property briefly comprises:- entrance into the hallway, lounge/dining area, kitchen, double bedroom and shower room.
LOCATION
Driffield offers an outstanding array of amenities, including shops, restaurants, public houses, quality sports facilities dedicated to Rugby, Golf, Football, Bowls, Cricket and many others, as well as a very highly regarded Secondary School. It also provides excellent road and public transport connections to Hull, Beverley, Bridlington and Scarborough.
THE ACCOMMODATION COMPRISES:-
ENTRANCE INTO:
ENTRANCE HALL- 12'3 (3.76m) x 2'6 (0.77m)
Door to the front aspect, exposed beams, fitted carpets and telephone intercom system. There is also additional storage on the landing before entering the property.
LOUNGE/DINING AREA- 16'6 (5.03m) x 8'6 (2.61m)
An open plan living/dining room with window to the rear aspect, exposed beams, fitted carpets, wall mounted energy saving heaters, TV point and power points.
KITCHEN- 7'4 (2.24m) x 8'0 (2.45m)
Window to the front aspect, exposed beams, tiled splash back, a range of wall and base units, sink with drainer unit, washing machine, fridge/freezer, built in eye-level oven, electric hob, laminated flooring, extractor fan and power points.
BEDROOM ONE- 11'2 (3.41m) x 8'4 (2.55m)
Window to the rear aspect, exposed beams, built in wardrobe, fitted carpets, wall mounted energy saving heaters and power points.
SHOWER ROOM- 6'8 (2.04m) x 5'3 (1.62m)
Wet wall panelling, three piece bathroom suite comprising:- low flush WC, sink with vanity unit and mixer tap, large walk in shower, vinyl flooring and extractor fan.
PARKING
Off street parking which is assigned to residents only.
SERVICES
Mains electric, main sewage and water.
TENURE
This property is leasehold. There is 135 years left on the lease. There is a payable annual ground rent of £600 which also includes buildings insurance and maintenance.
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 'A'.
EPC
This property's EPC rating is D.
VIEWING
Strictly by appointment with the sole agents.
FREE VALUATION
If you are looking to sell your own property, we will be very happy to provide you with a free, no-obligation market appraisal and valuation. We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
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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