An ideal opportunity to purchase a three bedroomed semi-detached house on Grovehill Road, Beverley. Briefly comprising to the ground floor an entrance hall, lounge, dining room, kitchen and a rear porch. To the first floor there are three bedrooms and a wet room. There are established gardens to the rear and a driveway to the front. *** No Onward Chain!***
LOCATION
The property is situated on Grovehill Road in Beverley which is East of the town centre, the property is within about a half of a mile of Beverley's extensive amenities which include a wide range of shops, restaurants, cafes, the Flemingate development, sports centre and bus and railway station.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Hall: Carpet flooring and stairs leading to first floor.
Lounge: Double glazed windows to front and rear, carpet flooring, fireplace with marble base, coving to ceiling and two radiators.
Dining Room: Double glazed bay window to front, carpet flooring, fire place, coving to ceiling and a radiator.
Kitchen: Double glazed window to rear, wall and base units, electric oven, electric hob with extraction over, space for washing machine, tiled flooring and understairs cupboard.
Rear Porch: Carpet flooring and door leading to rear garden.
FIRST FLOOR
Landing: Double glazed window to rear elevation, carpet flooring, storage cupboard, coving to ceiling and a radiator.
Wet Room: Double glazed window to rear elevation, low level toilet, pedestal sink, walk in shower area and a radiator.
Bedroom One: Double glazed window to front elevation, carpet flooring, original fireplace, coving to ceiling and a radiator.
Bedroom Two: Double glazed window to front elevation, wooden flooring, storage cupboard and a radiator.
Bedroom Three: Double glazed window to rear elevation, carpet flooring, coving to ceiling and a radiator.
OUTSIDE
To the front is a driveway and front garden with mature plants. To the rear is a partialy lawned and paved garden with mature plants, greenhouse and fencing to the boundaries.
Tenure: The property is freehold. Vacant possession upon completion.
Heating and Insulation: The property has gas fired central heating and benefits from full uPVC double glazing.
Services: All mains services are connected to the property. None of the services or installations have been tested.
Council Tax: Council Tax is payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band A (verbal enquiry only).
Viewing: Strictly by appointment through our Beverley Office on 01482 866844.
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 |
© 2023 Dee Atkinson & Harrison, All Rights Reserved.
