The property briefly comprises:- entrance hall, kitchen, lounge leading onto a conservatory, double bedroom, second bedroom currently used as a dining room, garden, garage and off street parking.
LOCATION
Driffield is a traditional established market town which earned its title as Capital of the Wolds by virtue of its central position within the county. The larger towns of Bridlington, Beverley and Malton and cities of York and Hull are within easy travelling distance either by road, rail or bus.
THE ACCOMMODATION COMPRISES:-
ENTRANCE HALL
Door to the side asepct, coving, loft access, laminated wood style flooring, radiator and power points.
KITCHEN- 2.51m (8'3) x 1.85m (6'1)
Window to the rear aspect, boiler, a range of wall and base units, splash back, sink with drainer unit, space for fridge/freezer, space for washing machine, electric hob, double electric oven, extractor fan, laminated wood style flooring and power points.
LOUNGE- 4.95m (16'3) x 3.58m (11'9)
Double doors to the rear aspect leading onto the conservatory, coving, laminated wood style flooring, electric fire place with hearth, radiator, TV point, telephone point and power points.
CONSERVATORY- 2.87m (9'5) x 3.68m (12'1)
Double doors to the side aspect leading to the garden, laminated wood style flooring and power points.
BEDROOM ONE- 3.94m (12'11) x 3.58m (11'9)
Window to the front aspect, coving, laminated wood style flooring, radiator, TV point and power point.
BEDROOM TWO/DINING ROOM- 2.94m (9'8) x 2.44m (8')
Window to the front aspect, laminated wood style flooring,coving, radiator and power points.
BATHROOM
Opaque window to the side aspect, fully tiled walls, three piece bathroom suite comprising:- low flush WC, sink with vanity unit, fully tiled shower cubicle, laminated wood style flooring, extractor fan and heated towel rail.
GARDEN
Garden to the front which is gravelled, rear garden which is laid with patio, flower beds, side access and outside tap.
GARAGE
Up and over door and power.
PARKING
Off street parking for two cars.
SERVICES
All connected to mains with brand new boiler.
TENURE
The property is Freehold and offered with the benefit of vacant possession upon completion.
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 'B'.
EPC- D
VIEWING
Strictly by appointment with the sole agents.
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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