DESCRIPTION
A modern 2 bedroomed semi-detached house occupying an end of cul-de-sac location on the south side of Beverley. The property benefits from a garage, conservatory and a south-facing garden that is quite private in nature. It will have real appeal to first time and investment buyers.
The well-presented accommodation benefits from gas central heating as well as double glazing and briefly comprises: Entrance Hall, Living Room, fitted Kitchen, Conservatory, two Bedrooms and a Bathroom. A driveway leads to an attached Garage with up-and-over door and a courtesy door into the garden. There are open plan lawned gardens to the front of the house and further largely lawned gardens to the rear with a greenhouse.
A lovely property in a great location and an early internal inspection is highly recommended.
LOCATION
The property forms part of a development located just off Lincoln Avenue on the south side of Beverley. It provides good access to Beverley itself and routes to the south. As well as the amenities available within Beverley there are some more locally on Lincoln Way and also at the nearby Morrisons’ site.
ACCOMMODATION
Entrance Hall
Living Room
Kitchen
Conservatory
2 Bedrooms
Bathroom
Front and Rear Gardens
Driveway and Garage
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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