Description
This secluded single building plot has the benefit of full planning consent for a detached two-bedroom bungalow and provides an excellent opportunity for developers and private buyers looking for a self-build project to acquire an excellent site in a popular village. The plot currently forms part of the garden to Broadley House and has the benefit of an established private access off North Townside Road. The main dimensions of the plot are approx. 70 ft (21.34m ) by 64 ft (19.5m) excluding the drive and turning area. The planning consent also provides for creation of a pedestrian access from the garden onto North Townside Road.
Location
North Frodingham is a typical village community which stretches along either side of the B1249 between Beeford, approximately 2 miles and Driffield approximately 7 miles.
Well placed for access to the East Yorkshire Coast, the village is also within comfortable commuting distance of the city of Hull approximately 19 miles and the historic town of Beverley approximately 12 miles. Within the village there is a public house, petrol station, church and primary school.
More comprehensive facilities are readily available in the nearby villages of Beeford and Brandesburton.
Planning Consent
Full planning consent was approved on 14th July 2021 under application number 21/01797/PLF for 'Erection of a dwelling'. A copy of the notice of decision and plans will be available in the legal pack or can be accessed on the East riding of Yorkshire planning department website using the application number quoted above.
Accommodation
Upon completion of the development, the approved property will provide:
Ground floor: Entrance Hall, Living room and dining area, kitchen, utility room, WC, two double bedrooms and a bathroom.
Outside: Private drive turning area and a garden.
Fencing Liability & Tree Removal
The purchaser of the plot will be obligated, within 6 months of completion of the purchase, to erect and thereafter maintain a 1.8m close boarded fence between points AB, BC, CD & DE as marked on the plan. The purchaser will also be responsible for the cost of the removal of the two Leylandii trees.
Services: All mains services are available in the village. Buyers should make their own investigations as to the exact location of these services and the cost of connection thereto.
Tenue: Freehold with vacant possession upon completion.
Viewing: Strictly by appointment with the auctioneers on 0845 400 9900.
Solicitors: Mr David Lundy, Lundy's Solicitors, 17 Exchange Street, Driffield, YO25 6LA Tel: 01377 252831
Method of Sale:
The property will be offered for sale by online auction with bidding starting at 12 noon on Monday 15th November and closing on Wednesday 17th November 2021 at 3.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer's offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire prior to the date of the auction.
Guide Price
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
Online Bidding Information
If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c
Offered in association with Dee Atkinson and Harrison
Additional Fees
Buyer's Premium - The purchaser will be required to pay a buyers premium of £480 (£400 plus VAT) in addition to the purchase price of the property.
Administration Charge- The purchaser will be required to pay a administration charge of £750 (£625 plus VAT) in addition to the purchase price of the property.
Disbursements- Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Tenure : Freehold
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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