DESCRIPTION
This individual detached bungalow is on the open market for the first time since being built 60 years ago and represents a rare opportunity to purchase a rural home with loads of further potential. The property is set in countryside on a plot of around a quarter of an acre and the grounds offer scope for extension, the existing ground foor accommodation having a westerly rear aspect from three main rooms affording views over farmland towards the city of Hull. Part of an expansive roofspace is already boarded, with a gable window installed, and the area could readily be turned into further accommodation (subject to any required consents). The property includes a substantial attached garage,separate workshop and utility, providing space for any number of hobby or storage uses. This is definitely a home you can make your own, which is ideal for those wanting views and countryside surroundings within easy reach of amenities.
LOCATION
The bungalow stands at the entrance to Frog Hall Farm drive on the west side of Wyton Road, only about a mile outside the village of Preston, Holderness, to the east of the city of Hull. There are both junior and secondary schools in the village. An ASDA store is situated in nearby Bilton and the historic market town of Hedon with further local amenities is about two miles distant, with Hull city centre being about 8 miles.
THE ACCOMMODATION COMPRISES:
Storm Porch
Entrance Hall: Small store room and a range of built-in cupboards. Radiator and ceiling coving. A retractable loft ladder leads to an area of the roof (approximately 12'6" x 14'9" / 3.84m x 4.54m) that is boarded out and has a gable window.
Bathroom / WC: A white suite includes panelled bath with electric shower fitted over, toilet and wash-hand basin. Tiled walls and radiator.
Bedroom One: Radiator and two built-in wardrobes.
Bedroom Two: Radiator, ceiling coving and built-in double wardrobe.
Lounge: With open grate tiled fireplace and radiator.
Dining Room / Bedroom Three: Radiator.
Kitchen: Fitted with a range of base and wall cabinets including worktops with single drainer sink. Built-in pantry.
Side Entrance Porch: With a range of fitted cupboards and oil central heating boiler.
Utility Room: Plumbing for automatic washing machine.
Garage: Oil storage tank and roller door.
Workshop / Store
Garden Toilet
EXTERNAL:
The property occupies a lawned garden plot of about 0.28 of an acre that is contained within boundary hedges. There are mature shrubs and trees screening the house from the road at the front, the rear garden enjoying distant views across fields towards Hull's eastern outskirts and the docks on the River Humber.
Heating and Insulation: The property has an oil fired radiator central heating system and uPVC double glazing.
Services: Mains water and electricity. Private drainage system. None of the services or installations have been tested.
Tenure: Freehold. Vacant possession upon completion.
Council Tax: Council Tax is payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'E' (verbal enquiry only).
Viewings: Strictly by appointment with the agent's Beverley office. Telephone: 01482 866844.
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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