The property briefly comprises: entrance hall leading to lounge with dining area, kitchen, utility, large storage cupboard, two double bedrooms, bathroom, easily maintained outside area and parking.
LOCATION
Tibthorpe is an unspoilt village located 5 miles from the market town of Driffield. Driffield itself provides an excellent range of amenities and is conveniently placed for access to the larger centres of Bridlington, Malton, Beverley and Pocklington. The Cities of York and Hull are also easily accessible. Tibthorpe neighbours the village of Wetwang which boast a popular fish and chip shop, two pubs and a newly built village hall.
THE ACCOMMODATION COMPRISES:-
ENTRANCE HALL
Door to the front aspect, Tarkett wood style flooring, radiator and power points. There is also loft access which is partially boarded and insulted with power.
LOUNGE/DINING AREA- 3.68m (12'1) x 7.34m (24'1)
Double doors leading to the garden, windows to the front and rear aspect, exposed beams, solid oak wood flooring, electric fire, radiator, TV point and power points.
KITCHEN- 2.92m (9'7) x 3.25m (10'8)
Window to the rear aspect, a range of wall and base units including pull out larder cupboard, integrated fridge/freezer, integrated microwave, built in electric oven, electric hob with splash back, extractor fan, sink with drainer unit, Tarkett wood style flooring, spotlights and power points.
UTILITY- 1.94m (6'4) x 3.83m (12'7)
Door to the side aspect, velux window to the rear, wall unit, counter top, plumbing for washing machine, boiler, Tarkett wood style flooring, radiator, telephone point and power points.
STORAGE CUPBOARD
Radiator.
BEDROOM ONE- 2.97m (9'9) x 4.42m (14'6)
Window to the side aspect, Tarkett style wood flooring, radiator, TV point, telephone point and power points.
BEDROOM TWO- 2.57m (8'5) x 3.17m (10'5)
Window to the front aspect, curved wall, radiator, TV point and power points.
BATHROOM
Door to the rear aspect, partially tiled walls, three piece bathroom suite comprising:- low flush WC, sink with vanity unit and mixer tap, 'P' shaped bath with over head shower, storage cupboards, laminated flooring, extractor fan and heated towel rail.
GARDEN
Walled garden which is fully paved, easily maintainable with side access, shed and outside tap.
PARKING
Off street parking for one car.
SERVICES
Oil fired central heating, mains sewage, water and electricity.
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- TBC
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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