Description:
This one bedroom purpose built first floor apartment enjoys a quiet and convenient location just a short walk from Beverley town centre and its many shops and amenitites. The living room, kitchen and bedroom in the property all provide a view towards the historic Minster and the apartment also benefits from being fully double glazed has electric heating. The block stands within well kept communal gardens which include a car parking space.Location:
The property is on the south western edge of the town centre, with the nearest shops being in Wednesday Market just a short walk away. Beverley's other many facilities include good schools, a theatre, sports and recreation clubs including golf and horse racing on the Westwood common pastures. The town centre includes an array of places to eat, drink and socialise within delightful architectural surroundings.
THE ACCOMMODATION COMPRISES:
Communal Entrance Hall:
Stairs to first floor level.
Entrance Hall: Carpet flooring, electric radiator and storage cupboard.
Living Room: Double glazed window to rear elevation, carpet flooring, coving to ceiling and an electric radiator.
Kitchen: Double glazed baywindow to rear elevation, electric hob, electric oven, plumbing for washing machine, space for fridgefreezer, stainless steel sink, range of wall and base units and tiled splashback.
Bathroom: Partially tiled walls, panelled bath with shower over, vinyl flooring, pedestal sink, and a low level w.c.
Bedroom: Double glazed window to rear elevation, two storage cupboards, carpet flooring, and an electric radiator.
Outside: There are communal well maintained gardens and parking spaces available.
Heating and Insulation: The property has electric radiators and uPVC double glazing.
Services: Mains water, electricity and drainage are connected to the property. None of the services or installations have been tested.
Council Tax: Band 'A'.
Tenure: We are informed the property is leasehold with approximately 995 Years remaining on the lease and annual service charges currently £900 include the ground rent (subject to confirmation by the solicitors).
Viewings: Strictly by appointment with the agent's Beverley office. Telephone: 01482 866844.
Tenure : Leasehold
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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