The property briefly comprises:- entrance into a cosy lounge, open plan kitchen/dining area, to the first floor is two bedrooms and a family bathroom as well as an additional second floor with double bedroom. There is also a garden to the rear with storage shed and on 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:-
LOUNGE- 10'6 (3.21m) x 11'11 (3.65m)
Bay window with window seat and door to the front aspect, log burner with slate hearth, storage cupboard, radiator, TV point and power points.
DINING AREA- 13'4 (4.07) x 11'11 (3.64m)
Feature fireplace, stairs leading to the first floor landing, laminated flooring and power points.
KITCHEN- 10'3 (3.14m) x 10'9 (3.30m)
Window to the side aspect, window and door to the rear aspect, a range of wall and base units, tiled splash back, integrated fridge, integrated freezer, sink with drainer unit, space/plumbing for washing machine, breakfast bar with gas hob, electric oven, laminated flooring, radiator and power points.
FIRST FLOOR LANDING
To the top of the stairs is an additional step either side and power point.
BEDROOM ONE- 10'7 (3.23m) x 15'6 (4.73m)
Window to the front aspect, coving, small walk in cupboard, radiator, TV point and power points.
BEDROOM TWO- 10'6 (3.22m) x 8'6 (2.60m)
Window to the rear aspect, combi-boiler, stairs leading to the third bedroom, radiator and power points.
BEDROOM THREE- 12'3 (3.74m) x 14'0 (4.28m)
Window to the front aspect and power points.
BATHROOM- 6'9 (2.07m) x 6'10 (2.60m)
Opaque window to the rear aspect, panelled walls, four piece bathroom suite comprising:- low flush WC, sink with pedestal, free standing roll top bath with shower, fully tiled shower cubicle, laminated flooring and heated towel rail.
GARDEN
Nicely sized garden which has a fully enclosed yard, it also leads up to a lawned area with rear gate access. The garden also benefits from a large garden shed with sliding doors.
PARKING
On street parking.
SERVICES
Understood to all be connected to mains.
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 'A'.
EPC- E
VIEWING
Strictly by appointment with the sole agents.
Tenure : Freehold
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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