Offered to the market with no onward chain, 5D Middle Street South is a spacious two-bedroom flat, built in 2009 by renowned local builders W E Naylor & Son Ltd and is now ready for immediate occupation having just been refurbished, including new carpets/floor coverings and redecorated throughout. Situated on the first floor, the property offers a blank canvas for any potential buyer to put their own stamp on it. Not only is it central to the local town, it also offers its own allocated parking which is a rare bonus.
The property briefly comprises:- a communal entrance hall with a rear door to the parking, stairs leading to the first floor, a door into the flat with a hallway, lounge/dining room, kitchen, two double bedrooms, family bathroom and allocated parking space. The property is fully double glazed and also boasts gas central heating to radiators.
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
COMMUNAL AREA
Intercom entry system to the apartments and stairs leading to all floors.
ENTRANCE HALL
With single radiator, thermostat for the central heating, coving to the ceiling and doors leading off to:
LOUNGE/DINING ROOM
A spacious and light living/dining area with coving to the ceiling, ornamental fireplace fitted with an electric feature fire creating a focal point to the room, radiator, fitted carpets, TV point and power points. An open archway gives access to:
KITCHEN
With a range of shaker style wall and base units, inset sink with drainer unit, plumbing for washing machine, electric oven, electric hob, extractor fan, vinyl flooring, radiator, wall mounted gas central heating boiler concealed within a matching kitchen wall unit, integrated slimline dishwasher, and integrated fridge and freezer.
BEDROOM ONE
Large double bedroom with coving to the ceiling, fitted carpets, and a single radiator.
BEDROOM TWO
Another good size bedroom with coving to the ceiling, fitted carpets, radiator.
BATHROOM
With partially tiled walls, three piece bathroom suite comprising:- low flush WC, pedestal wash hand basin, newly replaced panelled bath and independent shower and shower screen over, wet walled surround, vinyl flooring, radiator, extractor fan and shaving point.
PARKING
There is an allocated parking space for the apartment to the rear.
SERVICE CHARGE
The service charge is around £880 per annum. This also includes buildings insurance.
GROUND RENT
Ground rent is charged at £100 per annum.
SERVICES
The property is understood to all be connected to mains water, gas, electric and drainage. Central heating is from a gas-fired combination boiler located in the kitchen.
TENURE
The property is leasehold and the lease is understood to have 108 years remaining. All leasehold information should be confirmed with a legal advisor.
COUNCIL TAX BAND
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band 'B'.
EPC- C(80)
VIEWING
Strictly by appointment with the sole agents.
FREE VALUATION
If you are looking to sell your own property, we will be very happy to provide you with a free, no obligation market appraisal and valuation. We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
Tenure : Leasehold
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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