This three bedroom bay fronted period mid terrace house is located on Wilbert Lane which is one of Beverley’s sought after town centre residential streets. The property has been let out for some time and would now benefit from some updating which we feel is reflected in the price, but it offers excellent space at this level of the market in such a central location. A great opportunity for first time and investment buyers but also downsizers. No forward chain so early viewing essential.
Wilbert Lane is so central to Beverley that the entrance to the M&S food hall car park, sits at one end of it (though none of that traffic will impact this end!). It is largely made up of period terrace houses and obviously provides excellent access to the town centre but also to the nearby railway and bus stations. The house provides excellent space for this price in such a central location. While it would benefit from some updating it is perfectly liveable and would make an excellent project. With gas central heating and uPVC double glazing the accommodation comprises: a spacious Living Room, Kitchen, Bathroom, a double Bedroom with extensive fitted wardrobes and two further Bedrooms. There is a forecourt to the front of the property, and a block paved yard to the rear.
This excellently located terrace house is offered with no forward chain so an early viewing is essential.
LOCATION
The property lies in a traditional residential area of Beverley, just north of the town centre. The railway station is just a couple of minutes' walk east and the bus station is slightly further to the west. It therefore provides excellent access to all the amenities that Beverley is renowned for such as pubs, restaurants, shops and leisure facilities.
ACCOMMODATION
Living Room - a spacious living room with a bay window to the front, fireplace with a cast iron stove and a spiral staircase to the first floor.
Kitchen - a larger kitchen than many houses of this type with a range of base and wall mounted units in white, stainless steel sink and single drainer and space for an electric cooker. Window and door to the rear.
Bathroom - a three piece suite in white with a panelled bath, low flush WC and pedestal wash hand basin. Two windows to the side.
First Floor Landing
Bedroom - a double bedroom with a window to the front and extensive fitted wardrobes with sliding mirrored doors.
Bedroom - with a fitted cupboard housing a gas boiler and hot water tank.
Bedroom - with a window to rear. We believe some purchasers may wish to fit a bathroom into this room, freeing up the bathroom downstairs for other purposes.
Outside - there is a forecourt to the front of the house. To the rear there is a block paved yard with fencing to the perimeter.
Heating and Insulation: The property has gas-fired radiator 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: 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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