The property offers extensive well presented ground floor accommodation, but we believe many purchasers would be interested in extending (subject to necessary permissions) the house to provide further first floor accommodation. The former stables may also afford the opportunity to create garaging and other useful space (subject to necessary permissions).
The well-presented accommodation currently comprises: front entrance hall, living room with wood burning stove, double glazed conservatory, dining kitchen with dual aspect windows and a range of fitted appliances including dishwasher, fridge, electric oven and induction hob. There is an attractive and modern bathroom with shower over bath, smart toilet and underfloor heating, plus a further reception room/ground floor double bedroom. There are two double bedrooms to the first floor one of which has an en suite shower room. Our 360 degree tour will provide a full overview of all the internal accommodation.
There are very attractive and good sized largely lawned gardens to the front and side with a large ornamental pond and waterfall. There is a range of mature trees and shrubs together with a patio area, all with fencing to surrounds. The property is approached via a long driveway from Long Lane that runs into an area hardstanding to the rear of the property. There are two sets of 3 former stables, one attached to the side of the house plus another one to the side of the driveway.
SURROUNDING AREA
The property is a former farm and the land to the rear and sides has been zoned for residential development so will be built on in the coming years. However, we believe the property will appeal to many in its current format but will also be attractive to those looking for an opportunity to develop it further (subject to necessary permissions). That would provide a larger property on an attractive plot on the southern edge of Beverley. The stables would provide an opportunity to create garaging space and workshops (subject to necessary permissions).
Heating and Insulation: Heating in the house is electric supplemented by the stove in the living room. There is uPVC double glazing throughout.
Services: Electricity is connected and there is a private water supply from a bore hole. Sewage is via a sceptic tank that doesn’t comply with current regulations and will need to be replaced. It is located on land that will be sold as part of the development zoning but could be relocated within the garden of the property and almost adjacent to where it is currently located. . None of the services or installations have been tested.
Rights of Way: There is a public right of way/footpath along the drive past the first set of stables before it crosses a ditch and leaving the property.
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 'C' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent's Beverley office. Tel: (01482) 866844.
Tenure : Freehold
Council Tax Band : C
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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