A excellent and rare opportunity to purchase a three bedroom traditional semi-detached house on Wansford Road. This would make a great property for someone to get stuck into a renovation project whether that be an investor or someone to make it a home for themselves. It sits on great plot with lovely garden to the rear. It would benefit from a full re-wire, replumbing, new kitchen, bathroom and decor throughout.
The property briefly comprises:- entrance hall, lounge, dining room, kitchen, conservatory, first floor landing with three bedrooms, bathroom, separate WC, rear garden, single detached garage and off street parking.
LOCATION
Driffield offers an outstanding array of amenities, including shops, restaurants, public houses, quality sports facilities dedicated to Rugby, Golf, Football, Bowls, Cricket and many others, as well as a very highly regarded Secondary School. It also provides excellent road and public transport connections to Hull, Beverley, Bridlington and Scarborough.
THE ACCOMMODATION COMPRISES:-
ENTRANCE HALL- 138 (4.17m) x 31 (0.94m)
Composite door to the front aspect, picture rail, stairs leading to the first floor landing, spacious understairs cupboard, engineered wooden flooring, telephone point and power points.
LOUNGE- 1311 (4.24m) x 1111 (3.65m)
Bay window to the front aspect, picture rail, gas fireplace with tiled hearth and wooden surround, fitted carpets, telephone point and power points.
DINING ROOM- 1111 (3.64m) x 1111 (3.65m)
French doors to the rear aspect, picture rail, gas fireplace with tiled hearth and wooden surround, fitted carpets and power points.
KITCHEN- 202 (6.16m) x 74 (2.25m)
Spacious kitchen with door to the rear aspect, windows to either side, tiled splash back, a range of wall and base units, one and a half sink with drainer unit, ample space for white goods, tiled flooring, electric wall mounted heater and power points.
CONSERVATORY- 68 (2.05m) x 86 (2.60m)
Door to the side aspect, window to all three sides and laminate flooring.
FIRST FLOOR LANDING- 110 (3.36m) x 36 (1.09m)
Opaque window to the side aspect, fitted carpets and power point. There is also access to the loft.
BEDROOM ONE- 139 (4.21m) x 1011 (3.34m)
Window to the front aspect, picture rail, fitted carpets and power points.
BEDROOM TWO- 120 (3.66m) x 111 (3.38m)
Window to the rear aspect, picture rail, fitted carpets and power points.
BEDROOM THREE- 72 (2.21m) x 71 (2.18m)
Window to the front aspect, picture rail, built in cupboard, fitted carpets and power points.
BATHROOM- 57 (1.71m) x 70 (2.14m)
Opaque window to the side aspect, coving, fully tiled walls, built in storage cupboard, sink with vanity unit, panelled bath with over head shower attachment and tiled flooring.
W/C- 27 (0.79m) x 40 (1.24m)
Separate to the bathroom there is an opaque window to the side aspect, partially tiled walls, low flush WC and tiled flooring.
PARKING
Off street parking for multiple cars.
SINGLE DETACHED GARAGE- 1011 (3.33m) x 172 (5.24m)
Up and over door, side pedestrian door, power and lighting.
SERVICES
There is no heating in the property. There are mains gas, water and electric.
TENURE
Freehold. Vacant possession upon completion.
METHOD OF SALE
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 22nd July 2024 and closing on Wednesday 24th July at 1.00pm. 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 0.3% of the purchase price (0.25% plus VAT), subject to a minimum charge of £900 (£750 plus VAT), and a buyers 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 sellers 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.
ONLINE BIDDING
If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c
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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