A more modern three bedroom (1 en suite) detached bungalow with a double garage in this sought after East Yorkshire village. The property requires considerable upgrading and cosmetic attention but is an excellent opportunity for the right buyer.
The property is located on the western side of Leven which is highly regarded due to the good range of local amenities. There is extensive double glazing and there has been central heating in the property though it isn’t known if it is working. Some of the electrical fittings have been damaged so work will be required there. It offers excellent accommodation of nearly 1000 sq ft, has a good sized driveway and detached double garage making it a very interesting opportunity to fit out a bungalow to suit your exact requirements. The condition of the property may also present a good opportunity to adjust the room layout to suit particular needs (subject to necessary regulations). In full the accommodation comprises: Entrance Hall, what was formerly a WC, a good sized Living Room with feature fireplace, Dining Room, Kitchen, Utility Room, master Bedroom with En Suite, 2 further Bedrooms (all bedrooms have fitted wardrobes) and a House Bathroom. There are gardens and a good sized driveway to the front of the property which leads to a detached double garage with twin up and over doors. There are further largely lawned gardens to the rear with a greenhouse.
There is no forward chain and early viewing is essential.
LOCATION
The property is located on the western side of Leven, a highly regarded East Yorkshire village renowned for its extensive range of local amenities. These include a GP’s surgery, pharmacy, 2 pubs, convenience store and post office, butchers and hairdressers among others. There is a regular bus service connecting to nearby Hornsea and Beverley, and good road access to both of these as well as Bridlington and Hull at a further distance.
ACCOMMODATION
Entrance Hall
WC - not fitted with suite.
Living Room - with feature fireplace and sliding patio doors to garden.
Dining Room - with sliding patio doors to garden.
Kitchen
Utility Room
Master Bedroom - with fitted wardrobes.
En Suite Shower Room - with low flush WC and pedestal wash hand basin. There is no shower unit fitted at the moment.
Bedroom 2 - with fitted wardrobes.
Bedroom 3 - with fitted wardrobes.
Bathroom - with a three piece suite including low flush WC, pedestal wash hand basin and panelled bath.
Outside - to the front of the property there is an area of lawned garden and a good sized driveway leading to a detached double garage with twin up and over doors. There is a rear garden which is largely lawned garden with a greenhouse.
Heating and Insulation: There is extensive double glazing and the property has previously had a gas-fired central heating system although it isn't known if it is working.
Services: All mains services are connected to the property. None of the services or installations have been tested.
Council Tax: Payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band ‘D’ (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 : D
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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