The property briefly comprises:- entrance to a lounge/dining area, kitchen, spacious double bedroom, shower room, space to the rear which is gated and two parking spaces to the front.
LOCATION
The small rural village of Wold Newton lies deep within the beautiful Yorkshire Wolds and is built around the village green and pond. The village is conveniently situated between Scarborough and Driffield also offering easy access to the east coastal towns of Bridlington and Filey. The village enjoys the benefit of a well regarded infant school and public house.
THE ACCOMMODATION COMPRISES:-
LOUNGE/DINING AREA- 12'0 (3.67m) x 13'11 (4.26m)
Cosy lounge/dining area which has door to the front aspect, window to the front and rear aspect, exposed beam, feature fireplace with electric stove, slate hearth and solid wood mantle, fitted carpets, radiator, TV point and power points.
KITCHEN- 6'4 (1.94m) x 8'2 (2.51m)
Large window to the front aspect, a range of wall and base units, tiled splash back, sink with drainer unit, free standing fridge, integrated freezer, free standing washing machine, tiled flooring and power points. There is also access to the loft which has extensive space/storage and runs the full size of the property, it is also fully boarded.
BEDROOM ONE- 7'9 (2.38m) x 13'11 (4.25m)
Spacious double bedroom with window to the front aspect, exposed beam, wall mounted boiler, fitted carpets, radiator and power points. There is also additional loft access.
SHOWER ROOM- 6'2 (1.90m) x 6'2 (1.90m)
Well presented and immaculate shower room with opaque window to the rear aspect with fitted roller blind, three piece bathroom suite comprising:- low flush WC, sink with pedestal, shower cubicle, fitted storage units, tiled flooring, heated towel rail and extractor fan.
EXTERNAL
The property sits back from the road with a side gate which leads to an easily maintainable outside space ideal for storage with outside tap. To the front of the property it is half gravelled and the other half is laid with patio. It also benefits from a hedge to the front and timber fencing to the side.
PARKING
Off street parking for two cars.
SERVICES
LPG gas, drainage to a septic tank and mains electric.
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- TBC
VIEWING
Strictly by appointment with the sole agents.
FREE VALUATION
If you are looking to sell your own property, we will be very happy to provide you with a free, no obligation market appraisal and valuation. We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
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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