A delightful 1 bedroom apartment in this impressive Victorian mansion conversion in a sought after area of Hessle. The property would make a great investment, first time buy, pied a terre, holiday home, bolt hole or letting investment.
Mentone House has a grand façade and spacious communal entrance hall. It is approached via remotely operated gates and an in and out driveway which provides generous parking for all the apartments in the property. The apartment itself is located on the second floor and provides spacious rooms that include: Entrance Hall, a 6m+ length Living Room, a spacious fitted Kitchen with breakfast bar, good sized Double Bedroom and a Bathroom with separate shower unit. The apartment is in good condition cosmetically and could be moved into or let out immediately.
The building sits in attractive mature and secure gated grounds with a gravelled driveway and car standing area providing ample parking for the needs of the development.
A really lovely property to use or let out. We expect it would let on an AST for £700+pcm
LOCATION
The property is located in the heart of traditional Hessle which is full of attractive Victorian buildings. The area provides good access to the A63 providing links to central Hull and the motorway network. The Humber Bridge Country Park is located nearby as are many local amenities.
ACCOMMODATION
Communal Entrance Hall and Stairs
Entrance Hall
Living Room
Kitchen
Double Bedroom
Bathroom with Separate Shower
Tenure
Leasehold. The property is held on a 125-year lease dating from 1/6/2001. Ground rent is £50 per annum, and the current service charge is £154.25 per month. Vacant possession upon completion.
Council Tax
Viewing: Strictly by appointment through our Beverley Office on 01482 866844
Tenure : Leasehold
Council Tax Band : C
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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