A delightful and light 1 bedroom (formerly 2 beds) second floor apartment with a balcony and great views towards Beverley Minster. Located just off sought after Highgate the property will really appeal to those keen to be central with all the convenience of an apartment. Early viewing is essential!
As well as the views to the south towards the Minster there are views from the kitchen window over ancient roof tops and gardens of this historic area of Beverley. The current owners removed walls (with permission of the freeholder) both partially and fully to maximise the space and light. Whereas the property was once two bedrooms, the merging of the old second bedroom into the principal one allows for a useful dressing area. A partial wall removal between the kitchen and living room really opens the space up but provides definition of the space. This lovely property benefits from a gas fired central heating system and double glazing, and comprises: Entrance Vestibule, Living Room with patio doors opening onto the balcony, Kitchen with a range of base level fitted units and pantry cupboard, Double Bedroom opening onto a dressing area and Bathroom with a suite in white. The communal areas have undergone a significant upgrade in recent years with redecoration and new windows so the staircase benefits from a large south facing window flooding the space with light. There is undesignated residents' parking and garages are available to rent upon application to the management company. The current owners have the use of two of these though these can’t be passed on and will need to be applied for once occupancy has commenced.
A really lovely property in an excellent location and early viewing is essential but we do have a 360 degree tour available which will provide an excellent insight in the first instance.
LOCATION
The property is located in a small apartment development off Highgate, one of the streets of Beverley linking the town to the Minster and its monastic surroundings. The street is lined with historic buildings reflecting Beverley’s long and celebrated past. Beverley provides an extensive range of shops, restaurants, cafés and local amenities including the railway station.
ACCOMMODATION
Communal Entrance Hall, Staircase and Landing
Entrance Vestibule
Living Room - with lots of light provided by the south facing patio doors that open onto the balcony, feature fireplace with electric cast iron style stove, ceiling coving, fitted book shelves and wooden style floor. Opening onto…..
Kitchen - with a range of base level units, work surfaces, tiled splashbacks, fitted open shelves, electric cooker point with filter canopy over, plumbing for automatic washing machine, wood style floor and useful pantry cupboard. There is a north facing window providing excellent views over Beverley.
Bedroom - a double bedroom with south facing window, fitted cupboard and opening onto the dressing area (formerly the second bedroom) which has a fitted cupboard and window.
Bathroom - a three piece suite in white comprising a panelled bath with shower over and shower screen, low flush WC, pedestal wash hand basin, tiled walls and floor.
Balcony - a small south facing balcony off the living room.
Outside - there is unallocated residents' parking. There are also a number of garages available to rent upon application to the management company. We are aware that our clients currently rent two of them though a new owner would have to apply in their own right on taking possession of the property.
Heating and Insulation: The property has a gas-fired radiator central heating system and double glazing.
Services: All mains services are connected to the property. None of the services or installations have been tested.
Council Tax: Payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band ‘A’ (verbal enquiry only).
Tenure: Leasehold. Vacant possession upon completion.
Viewings: Strictly by appointment with the agent’s Beverley office. Tel: (01482) 866844.
Tenure : Leasehold
Council Tax Band : A
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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