
This end of terrace house could be ideal for first time buyers or those looking for an investment property, having two double sized bedrooms. The accommodation is semi open plan on the ground floor with a full width kitchen extension and bathroom beyond, and would be ideal to accommodate a small family, house sharing or just plenty of space for visiting family & friends. A front lounge features a bay window and traditional cast iron fireplace and the property has a fully fenced garden to the rear. Scope exists to put your own stamp on this house with decorative finishes.
LOCATION
The property is in an established area of similar traditional housing on the east side of Beverley. Many of the main amenities of the town centre area, including bus and train stations, excellent shops and restaurants are within about three quarters of a mile distance. The modern Flemingate retail and leisure complex, and the sports centre with swimming pool are a much closer walk from the property.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Living Room: Features an open grate cast iron fireplace in a painted fire surround and front bay window. Radiator and ceiling coving.
Dining Area: A chimney breast includes a fireplace recess and the staircase leads off. Radiator and ceiling coving.
Kitchen: A modern rear extension includes a full-width kitchen with lantern-style roof light. This is fitted with white gloss base and wall units with laminate worktops incorporating a one and a half bowl sink and built-in electric oven, gas hob and cooker hood. Plumbing for automatic washing machine.
Rear Lobby: Built-in cupboard housing gas boiler. Tiled floor.
Bathroom: Fitted to include a panelled bath with plumbed shower above and a splash screen, pedestal wash-hand basin and low level toilet suite. Approx. half to full-height wall tiling, tiled floor and radiator.
FIRST FLOOR
Small Landing
Bedroom One: Fitted wardrobe to one alcove, radiator and ceiling coving.
Bedroom Two: Fitted wardrobes to an alcove and separate bulkhead built-in cupboard. Radiator and ceiling coving.
OUTSIDE
Shallow forecourt garden and a walled yard immediately to the rear of the house. This is separated by a shared pedestrian right of way from a separate lawned garden which is enclosed by timber fencing and includes a timber shed.
Heating and Insulation: The property has gas-fired radiator 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 'A' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent's Beverley office. Telephone: 01482 866844.
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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