DESCRIPTION
This mid 20th century detached house rubs shoulders with substantial Victorian town houses in one of Beverley's most attractive and sought after residential positions. The house is in need of a full programme of modernisation and, in the agent's opinion, represents a fantastic opportunity to carry out an imaginative redevelopment and create a bespoke individual residence within a setting that includes a side frontage to New Walk. The property has a versatile layout including three bedrooms and two bathrooms over two floors, and a generous main living room with south and west aspects.
LOCATION
The property is located on the perimeter of Victorian Beverley, being on the north side of the town and approached from the centre along what is widely regarded as the most attractive route into Beverley, New Walk and North Bar Without being lined with an abundance of fine period homes, many of which are listed buildings. The surroundings also include mature trees. It is about half a mile into Saturday Market within the historic town centre, which is noted for its variety and quality of shops, restaurants and other amenities. Access to the common pastures of the Westwood, the home of the town's race and golf courses, is a short walk along Norfolk Street, which is just across the road from the property.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Storm Porch: Glazed entrance doors and glazed inner door and side panel providing light to:
Entrance Hall: A staircase leads off with cupboard beneath. Cloaks cupboard, two radiators, ceiling coving and glazed door and screen to:
Main Living Room: Enjoying a double aspect and with marble fireplace and Adam style fire surround. Two radiators and ceiling coving.
Dining Room: Radiator and ceiling coving.
Kitchen: Fitted base and wall cabinets with worktops include two inset sinks and a fitted electric double oven and gas hob. Plumbing for dishwashing machine. Larder.
Bedroom Three / Reception Two: Radiator and ceiling coving.
Bathroom / WC: With an original period pink suite and half-height wall tiling. Heated towel radiator.
FIRST FLOOR
Landing: Radiator and walk-in airing cupboard with hot water tank and slatted shelves. Loft access to a boarded and floored loft space with a roof light and separate area of water storage tanks.
Bedroom One: Two double fitted wardrobes with cupboards above. Radiator.
Bedroom Two: Two double fitted wardrobes with cupboards above. Radiator.
Shower Room / WC: Quadrant shower enclosure with electric shower unit, toilet and wash-hand basin. Tiled walls with radiator and heated towel rail.
Separate WC: Pink toilet suite and wash-hand basin with grey half tiled walls. Radiator.
EXTERNAL
Integral Garage: Up-and-over door and gas central heating boiler.
Timber Carport (4.88m x 2.47m / 16'0" x 8'10"): A tarmac driveway provides additional parking for two vehicles.
Gardens: The main area of the plot comprising a lawn with shrub borders and contained within a beech hedge is to the front and New Walk side of the house. There is an additional area of paved patio to the rear of the garage and carport.
Heating and Insulation: The property includes gas-fired radiator central heating and uPVC double glazed windows.
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 'E' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent's Beverley office. Tel: (01482) 866844.
Tenure : Freehold
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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