The property briefly comprises:- entrance hall, lounge/dining area, kitchen, one bedroom and bathroom. There is also a communal laundry room, sitting area and parking for residents.
LOCATION
Driffield is a traditional market town that hosts a weekly market every Thursday. The town offers an outstanding array of amenities including Post Office, doctors, a thriving high street with independent and national shops, quality sports facilities dedicated to bowls, golf and tennis to name a few are also available. The larger towns of Beverley and Bridlington through to Hull and Scarborough are all accessible by regular bus a train service.
THE ACCOMMODATION COMPRISES:-
ENTRANCE HALL
Door to the front aspect, built in storage cupboards housing the water tank, fitted carpets and power points.
LOUNGE/DINING ROOM- 18'5 (5.62m) x 7'10 (2.40m)
Windows to the rear aspect over looking the cricket field, fitted carpets, wall mounted electric heater, fitted carpets, TV point and power points.
KITCHEN- 7'11 (2.42m) x 6'10 (2.10m)
A modern and sleek kitchen with splash back, a range of wall and base units, sink with drainer unit, integrated fridge, electric oven, electric hob, vinyl flooring and power points.
BEDROOM ONE- 9'10 (3.00m) x 8'10 (2.70m)
Window to the rear aspect, fitted carpets, wall mounted electric heater and power points.
SHOWER ROOM- 8'0 (2.45m) x 5'9 (1.75m)
Three piece bathroom suite comprising:- low flush WC, sink with pedestal and tiled splash back, walk in fully tiled shower, vinyl flooring, heated towel rail and extractor fan.
SECURITY
The front entrance to Taylors Field is locked at all times. Guests and visitors can contact the individual apartments from the main reception by entry phone and the occupants can unlock the front door by intercom from their own apartments.
COMMUNAL FACILITIES
There are communal facilities which include social living space for residents, laundry service, guest suite which can be booked out and regular maintenance of the grounds.
MAINTENANCE FEE & GROUND RENT
There is a ground rent and maintenance charge of £2,260.000 (approx.) total which is payable annually. This covers the cost of providing services including the house manager, care line service (this includes a personal emergency pull cords through out the flat), property insurance, gardening, heating and lighting and maintenance of the communal areas, water, fire alarms, window cleaning and exterior decoration.
PARKING
Parking bays are strictly for residents only and are not allocated. There is limited spaces allocated for guests.
SERVICES
Mains water, electricity and drainage are connected to the property.
TENURE
The property is held under Leasehold Title with approximately 99 years remaining. The lease started as of September 1st 1991. Further details on the lease and any additional charges are available upon request. The property is offered with the benefit of vacant possession upon completion.
COUNCIL TAX BAND
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band 'B'.
EPC- C
VIEWING
Strictly by appointment with the sole agents.
FREE VALUATION
If you are looking to sell your own property, we will be very happy to provide you with a free, no obligation market appraisal and valuation. We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
ANTI-MONEY LAUNDERING (AML) REGULATIONS
In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, we are required to carry out identity checks on all purchasers. A charge of £25 + VAT per person will be payable by the purchaser to cover the cost of these checks. This fee is non-refundable and is payable upon acceptance of an offer.
Tenure : Leasehold
Council Tax Band : B
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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