An interesting opportunity to acquire a substantial property in this central Beverley location. The property may have significant appeal to an extended family, buyers looking for space to work from home or investors who can recognise an opportunity to unlock the potential it represents.
The property was initially a 3 bedroom forecourted end terraced house occupied by the current owner’s family for some time. The space that allowed them to run a business from home was then used to extend the property to the rear and side, effectively creating an adjoining two bedroom bungalow with a very large reception room. It has its own entrance door if required. The property also has a maisonette attached with living room, dining kitchen, 1 bedroom and loft room. The maisonette is held on a leasehold from the freehold. A car port and storage space are below the maisonette. The house, ‘bungalow’ and maisonette offer approximately 3090 sq ft of internal accommodation in total in addition to the car port and storage space. There may be potential to extend into the roof void of the ‘bungalow’ should extra space be required (subject to necessary permissions). There are good size gardens to the rear. Both the period house and maisonette will require some upgrading by any purchaser. If a purchaser wished to use the house and ‘bungalow’ the maisonette could be let out. It really is a unique opportunity.
The property is part double glazed and has gas central heating.
Only an internal inspection will allow potential buyers to fully appreciate all that is available.
In full the accommodation comprises:
Period House
Entrance Hall
3 Reception Rooms
Lean-to Conservatory
Kitchen - modern fitted units
Wet Room - With shower, WC and wash-hand basin
First Floor Landing
3 Bedrooms
Study Area
Bathroom
‘Bungalow’ Annex
Entrance Hall
Living Room - very large 7.32m x 5.52m with bifold doors to garden
Kitchen
Shower Room
2 Bedrooms
Maisonette
Entrance Hall
Living Room
Dining Kitchen
Bedroom
Loft Room - some sanitaryware fittings
Outside
Car Port
Storage Shed
Good sized rear garden
Location
Queensgate is located to the south of Beverley town centre and provides excellent access to it as well as all the shops and amenities therein. Beverley Grammar School is located nearby. The location is considered to provide good access to routes south of Beverley leading to Hull and the wider road network.
Heating and Insulation: The property has a gas-fired central heating system and is part double glazed.
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 house is shown in the Council Tax Property Bandings List in Valuation Band ‘C' and the flat in Valuation Band 'A' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent’s Beverley office. Tel: (01482) 866844.
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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