The property briefly comprises:- entrance hall, large lounge area, dining area leading to kitchen, three bedrooms, family bathroom, enclosed garden, garage and off street parking.
LOCATION
Driffield is a traditional established market town which earned its title as Capital of the Wolds by virtue of its central position within the county. The larger towns of Bridlington, Beverley and Malton and cities of York and Hull are within easy travelling distance either by road, rail or bus.
THE ACCOMMODATION COMPRISES:
ENTRANCE HALL
Door to the side aspect, coving, radiator, power points, loft access which is boarded and insulated with lighting.
LOUNGE- 4.88m (16') x 3.71m (12'2)
French doors leading to the garden, window to the side aspect, coving, electric fireplace with oak surrounding hearth, radiator, TV point, telephone point and power points.
DINING ROOM- 4.12m (13'6) x 3.02m (9'11)
Window to the front aspect, coving, radiator and power points.
KITCHEN- 2.66m (8'9) x 3.4m (11'2)
Window to the front aspect, coving, tiled splash back, a range of wall and base units, sink with drainer unit and mixer tap, plumbed for washing machine and space for dryer/dish washer, space for fridge, space for freezer, electric hob, electric double oven, extractor fan, laminated flooring and power points.
BEDROOM ONE- 3.96m (13') x 3.23m (10'7)
Window to the rear aspect, coving, fitted wardrobes, radiator, telephone point and power points.
BEDROOM TWO- 3.43m (11'3) x 2.64m (8'8)
Window to the side aspect, coving, fitted wardrobes, radiator and power points.
BEDROOM THREE- 1.98m (6'6) x 2.16m (7'1)
Opaque window to the side aspect, coving, radiator and power points.
BATHROOM
Opaque window to the side aspect, partially tiled walls, three piece suite comprising: low flush WC, sink with vanity unit, fully tiled shower cubicle and heated towel rail.
GARDEN
Paved patio and gravelled garden, raised flower beds round the side and gate leading to the driveway.
GARAGE- 5.76m (18'11) x 2.74m (9')
Electric roller door, door to the side aspect and window to the rear, power and lighting.
PARKING
Ample off street parking and outside tap.
SERVICES
All mains services are connected to the property.
TENURE
The property is Freehold and offered with the benefit of vacant possession upon completion.
COUNCIL TAX BAND
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band 'D'.
EPC- C
VIEWING
Strictly by appointment with the sole agents.
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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