Located at the end of a terrace this house offers potential for extension (subject to required permissions) having a corner plot with gardens to three sides. The accommodation currently includes two good sized bedrooms and although equipped with gas central heating and replacement double glazing does now require an injection of funds and effort on a programme of general updating.
LOCATION
The property is situated on the Bilton Grange estate, an area of post war housing on Hull's eastern boundary that is around four miles from the city centre. Nearby community facilities include shops, schools and a health centre and nearby Holderness Road, an arterial route into the city from the east coast, includes local attractions East Park and Woodford Leisure Centre.
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Entrance Porch
Hallway: Radiator amd staircase off.
Lounge: Gas fire on a painted brick fireplace. Radiator.
Kitchen: Fitted base and wall units with worktops and sink. Understairs cupboard.
Lobby: Radiator.
Utility Room: Fitted base and wall cupboards and store leading off.
FIRST FLOOR
Landing
Bedroom One: Radiator and walk-in bulkhead cupboard housing gas boiler.
Bedroom Two: Radiator and two built-in cupboards.
Bathroom: White panelled bath and pedestal wash-hand basin, splashback wall tiling and radiator.
Separate WC: Low level toilet suite.
EXTERNAL
Gardens to the front, side and rear.
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 Kingston-upon-Hull City Council. The property is shown in the Council Tax Property Bandings List in Valuation Band A (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewing: A video viewing is available. Personal inspection by appointment with the auctioneers. Telephone: 01482 866844.
Solicitor: Messrs Smith Sutcliffe, 50 Manchester Road, Burnley, BB1 1HY. Telephone: 01282 426251. Email: darren.hendleman@smithsutcliffe.com
Legal Pack: A legal pack has been requested from the vendors solicitor and will be made available online as soon as it is received. You can register to receive an email notification when the pack is available by going to auctionhouse.co.uk/hullandeastyorkshire and clicking on the property you are interested in. On the property detail page you will see a red 'LEGAL PACK' button which you should click on and it will take you to the registration page.
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.
Additional Fees: Additional Fees (Including VAT):
Administration Charge: £750
Buyer's premium £480
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online Bidding: 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
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 |
© 2024 Dee Atkinson & Harrison, All Rights Reserved.
