A stylish 3 storey 2 double bedroom town house located on the south side of Beverley. The property is relatively new and is in great condition. It has two bedrooms each on a different floor with a shower room and en suite Bathroom so may particularly suit sharers, someone thinking of having a lodger or investment buyers.
The well-proportioned accommodation benefits from gas fired central heating and double glazing and comprises: Entrance Hall, Double Bedroom and Shower Room to the ground floor, spacious Living Room with open plan Kitchen to include oven, hob, fridge and freezer to the first floor and to the second floor is a really good sized Double Bedroom with en suite Bathroom and extensive fitted wardrobes. Each of the principal rooms has at least three windows to 2 aspects ensuring the accommodation enjoys a high degree of natural light. There is a parking space to the front of the property.
As the property was only built in 2021 there is the balance of the NHBC guarantee remaining. We understand a service charge of £80 per year is payable to contribute to the upkeep of the surrounding areas though this has not yet been collected, presumably as the surrounding development is not yet completed.
LOCATION
The property is located on the south aside of Beverley, just off the A164 southern bypass. At one end of the bypass lies a Morrisons supermarket with associated shops and at the other a Lidl supermarket, garage and convenience store. Nearby beverley town centre provides an extensive range of further amenities. The A164 provides great access to Hull, the West Hull Villages and the A1079 and A63 providing links to the wider road network. It also joins the A1174 nearby which also provides access to Hull on the eastern and northern side.
ACCOMMODATION
Ground Floor
Entrance Hall
Double Bedroom
Shower Room - with modern white suite.
First Floor
Living Room - a good size with 4 windows to 2 different aspects.
Open Plan Kitchen - stylish with integral appliances including oven, hob, fridge & freezer.
Second Floor
Double Bedroom - very spacious with fitted wardrobes.
En Suite Bathroom - with modern white suite.
Parking Space to front.
Heating and Insulation: The property has gas fired 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 ‘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
Council Tax Band : B
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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