DESCRIPTION
A period farmhouse and outbuildings within about 5 acres* of land on the East Yorkshire coast, enjoying panoramic sea views. The house has recently been completely modernised to provide a well appointed three bedroomed home with two bathrooms and three reception rooms. A range of traditional outbuildings include a two storey barn and the land is mainly fenced grassland, with a large parking/yard area and a pond. A truly rare chance to acquire a lifestyle home on the seaside, with potential for a multitude of business or holiday/tourism uses subject to any required consents. However, we advise that this area of coastline is subject to ongoing erosion* and the dwelling is currently only about 30m from the cliff edge.
LOCATION
The property is roughly midway between the resort towns of Hornsea and Withernsea and it is reached from the B1242 by turning off east at the village of Aldborough and into a quiet lane which extends for about 2 miles until reaching the signposted entrance to Cliff Farm on the left.
ACCOMMODATION
GROUND FLOOR
Entrance Hall
Lounge: A fireplace recess with inglenook beam feature includes woodburning stove. Radiator.
Sitting Room: Radiator.
Dining Room: Ceiling beams and radiator.
Kitchen: Fitted with a range of Shaker-style base units with worktops including one and a half bowl single drainer sink, integral dishwasher, provision for Range cooker and radiator. Dual aspect sea and countryside views.
Utility Room: Plumbing for automatic washing machine. Radiator.
Inner Hallway: Includes large lobby for boots and coats.
Separate WC: Toilet and wash basin. Radiator.
Plant Room / Study: With boiler and hot water tank/systems.
Boot Room / Rear Entrance
FIRST FLOOR
Landing
Bedroom One: Exposed brick chimney breast. Radiator.
En Suite Shower Room: Shower enclosure with plumbed fitting, vanity wash basin and low level toilet suite. Heated towel radiator.
Bedroom Two: Radiator.
Bedroom Three: Radiator.
Feature Bathroom: With paddock and sea views and appointed with a large shower enclosure with plumbed shower fitment, freestanding double-ended bathtub, twin vanity sinks, toilet and storage unit. Three heated towel rails.
OUTSIDE
Range of traditional brick and tile outbuildings comprise:
Workshop / Store (4.88m x 7.32m / 160" x 240")
Wood Store (4.88m x 3.35m / 160" x 110")
Detached Barn (10.24m x 5.67m / 336" x 186"): Comprising three cart sheds with granary above (recently re-roofed).
Walled Former Building (roof removed) (13.90m x 5.27m / 456" x 173")
Walled and Concreted Yard (13.11m x 13.72m / 430" x 450") includes a lean-to undercover area and vehicle entrance.
The property is approached over a private stoned driveway and includes a large parking area around the house and buildings. Fenced front lawn with patio. The principal part of the plot is a fenced and hedged grass field with a pond. Estimated total site area of 5 acres or thereabouts.
Services: Mains water and electricity. Propane gas central heating. Private drainage system. Exterior security lighting.
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.
Viewing: Strictly by appointment with the auctioneers on 01482 866844.
Solicitors: Hamers, 5 Earls Court, Priory Park East, Hull, HU4 7DY. Telephone: 01482 326666. email: dlewis@hamers.com
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
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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