This is the property for you if you are looking for a home enjoying a cul-de-sac position with large and private sunny rear garden. The property having been in the same ownership for about 55 years, you will also need to embrace the opportunity to modernise, possibly further develop, the accommodation to create a finished home to personal taste and specification. This dormer bungalow currently has two double bedrooms, one on each floor, and already a side garden room has been added. There may be potential to increase living space within the roof void, whilst the generous back garden would also allow further extension, if desired and subject to any consents needed.
LOCATION
The property is in a small cul-de-sac on the north eastern edge of the town, close to the A164 (Swinemoor Lane). It is only about a mile to the centre of Beverley where Saturday Market square is surrounded by Georgian buildings providing a wide range of shops, and also bars, cafes and eateries. Beverley also has a wide range of sports and recreational facilities, bus and rail travel, and bordering common pastures know as the Westwood – home to golf and horse racing courses.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Entrance Lobby
Hallway: With cloaks cupboard and radiator.
Lounge: With an open tiled fireplace and patio doors to the rear garden. Radiator and ceiling coving.
Breakfast Kitchen: With a small built-in pantry cupboard and range of fitted base and wall units with worktops incorporating one and a half bowl single drainer sink. Provision for washing machine and electric cooker. Radiator and wall-mounted gas boiler.
Garden Room: Radiator.
Bedroom One: With a run of fitted wardrobes, radiator and ceiling coving.
Bathroom / WC: White suite comprises panelled bath, pedestal wash-hand basin and low level toilet suite. Approx. half height wall tiling, radiator and ceiling coving.
FIRST FLOOR
Landing: Full height built-in double cupboard. Airing cupboard housing hot water cylinder (fitted elecrric immersion heater). Door to front roof eaves.
Bedroom Two: Fitted furniture including wardrobes and chests of drawers. Radiator.
OUTSIDE
Garage (5.82m x 2.71m / 19'10" x 8'9"): Concrete sectional construction with up-and-over door and rear door to garden. Approached over a concrete driveway.
Garden: A small area of front garden has a low boundary wall. The main garden to the rear, with a south-easterly aspect, enjoys good privacy and is of above average size, widening towards the rear boundary. It is mainly gravelled with a number of shrubs, a pond and trees providing a screen around the boundaries.
Heating and Insulation: The property has gas-fired radiator central heating and includes 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 'B' (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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