This is a substantial detached house on a 2.1 acre site, the five bedroomed accommodation having principal rooms overlooking a private south facing garden. Externally the property, which was formerly a garden centre, also has a workshop and retail unit (approx 2825 q sft/262 sqm) presently used for sale of fishing tackle, and a fishing lake with 9 pegs. This is served by a large area of car parking. This is a tremendous opportunity to aquire a lifestyle property and add value whilst completing the finishing off works required to the house and grounds. Additionally potential exists for further development of the site for any number of recreational or business purposes, and as an income producing asset.
LOCATION
North Moor Lane is on the north western fringe of the Hull area conurbation. Located just 1.5 miles from the central shopping and amenities in Cottingham the property is set along a no through road, with open fields to the front and rear, yet enjoys good accessibilty to a large area of population and local services.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Entrance Hall: Staircase, radiator and with timber flooring extending through to:
Dining Room: Radiator.
Cloakroom: Radiator.
Lounge: A chimney breast contains a contemporary living flame gas fire and is flanked by twin bay windows. Wooden flooring and French door to garden.
Dining Kitchen: Comprehensively fitted with a range of maple wood Shaker-style cabinets including a large island unit, all with dark granite work surfaces. Double sink, 5-ring induction hob, integral electric double oven and Amercian-style fridge-freezer. Two radiators.
Garden Room: Radiator and bifold doors opening to the outside entertaining area.
Office / Study: Tiled floor.
Utility Room / WC: With toilet suite, wash basin and plumbing for automatic washing machine.
FIRST FLOOR
Landing: Walk-in cupboard with gas central heating boiler. Two radiators.
Bedroom One: Two radiators. Partitioning erected to create dressing room.
En Suite Bathroom: With travertine tiling and fittings including a shower enclosure with sliding door and plumbed shower fitment, generous bathtub, toilet and twin stone wash basins on a stand. Feature radiator.
Bedroom Two: Radiator.
Bedroom Three: Radiator.
Bedroom Four: Radiator.
Bedroom Five: Radiator.
Family Bathroom: With tiled walls and fittings including a quadrant shower enclosure, encased bathtub, toilet and wash-hand basin. Tiled walls with heated towel radiator.
OUTSIDE
Located on the south side of the house a private landscaped garden includes an attractive lawned area with well stocked borders of plants and shrubs as well as raised beds and a fish pond around a paved and decked outside entertaining space. An adjacent building 31' 3" x 17' 4" (9.54m x 5.30m) has potential for an indoor entertaining area or storage/workshop use.
DRIVE AND CAR PARK
A wide roadside entrance to the north of the house leads to a stoned parking area adjacent to the house and through to a good expanse of tarmac parking.
COMMERCIAL BUILDING
Extending to approx. 2,825 sq. ft (262 sq. m) this timber framed building with an eaves height of about 9' 8" (3m) is currently used as a fishing tackle shop and workshop.
FISHING LAKE
With an approximate total area of 0.72 of an acre the lake includes 9 fishing pegs set around the perimeter. Fish stock in the pond can be included in the sale subject to a payment of a further £5,000 above the hammer price of sale.
Services
Mains water, gas and electricity. Private drainage system.
Council Tax/Business Rates
These are payable to the East Riding of Yorkshire Council. From verbal enquiries we are advised that the dwelling is shown in the Council Tax Property Bandings List in Valuation Band 'E' and the outbuilding and car park have a rateable value of £5,100.
Tenure
Freehold.
Viewings
Strictly by appointment with the agents on 01482 866844.
Solicitors
Mike Stoney, James Legal, 2 Planet House, Woodhouse Street, Hedon Road, Hull, HU9 1RJ. Tel: 01482 225566. Email: mike.stoney@jameslegal.co.uk.
Tenure : Freehold
Council Tax Band : E
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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