A two-bedroom detached traditional-style bungalow situated within a large plot of half an acre in the coastal village of Hollym. The accommodation briefly comprises an entrance hall. lounge, dining kitchen, utility, two double bedrooms, bathroom and substantial gardens. Offers potential for extension (subject to relevant permission) and cosmetic updating.
Location
The village of Hollym is situated approximately two miles south of the seaside resort of Withernsea which lies approximately 20 miles to the east of the city of Hull and offers a variety of shopping facilities including Aldi and Tesco supermarkets together with schooling and recreational facilities including a leisure centre. Local attractions include the lighthouse which is well known as being the only one which is on-shore in the region.
Accommodation: The property is arranged on one floor and briefly comprises as follows:
Porch
With uPVC double glazed door.
Entrance Hall:
With radiator and doors to...
Lounge: 13' 0" into recess x 13' 0" (3.96m x 3.96m)
With radiator, UPVC double glazed window, tiled fire surround with open grate, TV aerial point and coving to the ceiling.
Dining Kitchen: 9' 2" x 73' 0" (2.79m x 3.96m)
With wall mounted and base level units with roll edge work surfaces over, stainless steel single drainer sink unit with mixer tap over, space for cooker, Rayburn solid fuel central heating boiler/cooker, radiator and coving to the ceiling.
Utility Room: 5' 9" x 13' 7" (1.75m x 4.74m)
With space for fridge freezer, plumbing for automatic washing machine, built in storage cupboards and an oil fired central heating boiler. Door to rear garden.
Bedroom 1: 10· 71" x 13' 0" (3.32m x 3.96m)
With radiator, built-in wardrobes, access to the roof space.
Bedroom 2:11· 3" x 9' 4" (3.43m x 2.84m)
With radiator and coving to the ceiling.
Bathroom: 5' 9" x 7' 4" (1.75m x 2.23m)
Comprising a low-level WC, pedestal wash hand basin, panelled bath with electric shower over, and tiIing to water-sensitive areas, radiator.
Outside: The property is situated within large gardens to the front, side, and rear, which are laid mainly to lawn with mature flowers and shrubs. There is a side driveway providing multi-vehicle parking, and there are some concrete block-out houses suitable for storage/workshop purposes.
Tenure
Freehold with vacant possession upon completion.
Council Tax Banding;
The property is listed as being in Council Tax Band C
Services
Mains water and electricity are believed to be connected but have not been tested. Drainage is to a private system. The property is fully double glazed with uPVC frames and benefits from central heating field from a mixture of Solid Fuel and Oil.
Viewing
Strictly by appointment with Auction House on 0845 400 9900
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday, 23rd September 2024, and closing on Wednesday, 25th September, at 1.00 pm. To register to bid and further legal information relating to this lot please go to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT), and a buyer's premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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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