A spacious 2 bedroom semi detached house occupying a cul de sac location on the south side of Beverley. The property has potential to be extended (subject to necessary permissions) to provide a 3rd bedroom to match the extensive ground floor space.
As well as potentially extending to the first floor some purchasers may wish to do a degree of configuration on the ground floor, perhaps creating a dining kitchen to the rear overlooking the garden. With gas central heating and double glazing the accommodation briefly comprises: Entrance Hall, Kitchen, spacious Living Room and Garden/Dining Room with a large storage cupboard. To the first floor are two good sized Bedrooms and a Bathroom. There are open plan lawned gardens to the front of the property, a paved driveway leads to an integral garage/carport and there are further good sized south facing gardens to the rear.
A really lovely home that currently provides accommodation larger than a typical two bedroom property and has considerable potential. An early viewing is highly recommended.
ACCOMMODATION
Entrance Hall
Kitchen
Living Room
Garden/Dining Room with large cupboard.
2 Bedrooms
Bathroom
Front and Rear Gardens
Driveway and Garage/Carport
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.
Heating and Insulation: The property has a gas-fired central heating system 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 East Riding of Yorkshire 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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