A modern three bedroom link detached house on this development on the north side of Hull. The house would benefit from some cosmetic improvement but offers well proportioned gas centrally heated and double glazed accommodation that will suit a range of purchasers. There is no forward chain.
The property offers an updated kitchen and bathroom but has been let for a few years which is why some cosmetic improvement may be required. In brief it comprises: Entrance Hall, WC Cloaks, Living/Dining Room with French windows opening onto the garden, Fitted Kitchen with a range of modern shaker style units, First Floor Landing, 2 Double Bedrooms, a Single Bedroom and Bathroom. A driveway leads to an attached garage which is joined to the neighbouring garage. Here are gravelled front gardens and further gardens to the rear, set up for low maintenance with decked areas, artificial lawn, paved patio area and raised borders.
LOCATION
The property is located on the northern side of Hull, providing good access to the city centre via Beverley Road. It also provides good access to nearby Kingswood, Beverley via the A1174 and the A1079 links to the wider road network. There is a Tesco’s supermarket very close and a range of schools and other amenities in the area.
ACCOMMODATION
Entrance Hall
WC Cloaks
Living/Dining Room
Kitchen - fitted with shaker style units.
First Floor Landing
2 Double Bedrooms
Bathroom
Driveway
Garage
Front Gardens
Rear Gardens - low maintenance.
Heating and Insulation: The property has gas fired central heating and uPVC double glazing.
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 ‘C' (verbal enquiry only).
Tenure: Freehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent’s Beverley office. Tel: (01482) 866844.
Tenure : Freehold
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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