Tenure : Freehold
LOCATION
Park Avenue lies off Manor Road in a cul-de-sac location just north of the town centre and provides ease of access to the very broad array of amenities on offer in this popular market town.
THE ACCOMMODATION COMPRISES:
ENTRANCE HALL
Accessed via a uPVC double glazed door. Laminate flooring.
LOUNGE
There is a bay-fronted window to the front elevation and a feature wooden fire surround. Radiator.
BREAKFAST KITCHEN
With a range of a base, wall and drawer units. Built-in electric oven and hob.
BEDROOM ONE
Has double glazed French doors leading on to the garden. Raditor.
BEDROOM TWO
With a uPVC double glazed window to the side elevation. Radiator.
BEDROOM THREE
There is a uPVC double glazed window to the rear elevation. Radiator.
BATHROOM
The suite comprises a bath, low flush WC and pedestal wash-hand basin. Chrome heated towel rail.
OUTSIDE
To the front of the property off-street parking is provided for one vehicle. To the rear the garden is laid mainly to lawn with a patio area and fencing to the boundaries.
Heating and Insulation
The property has gas fired central heating and uPVC double glazing.
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 'C' (verbal enquiry only).
Tenure
Freehold. Vacant possession on completion.
Viewing
Strictly by appointment with the agent's Beverley office. Telephone: 01482 866844.
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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