A detached bungalow sitting on a plot of just over 0.4 acres which has had significant work done to convert the loft. The property will require significant upgrading work but may represent an appealing redevelopment project given the size of its plot. Unusually for properties in this location, its garden widens out halfway down providing a large open area that may be really appealing to those wanting great outside space or a working garden. There is also extensive garaging/workshop space. No forward chain.
A large garden with a redevelopment opportunity would be one way of introducing this interesting property. While the neighbouring properties are generally known for their long gardens they tend not to have the width that this one does, at least for the lower half of the plot. If you are looking for a lot of outside space, maybe for a working garden, this could well be for you. The residential part is a bungalow that has had much of a loft conversion carried out. Potential purchasers may wish just to complete and update what is already there but many neighbouring properties have been significantly extended to make the most of the size of their gardens which are often large, though not generally as big as this one (any extension or significant redevelopment would be subject to necessary permissions). The garage and outbuildings may also be of particular interest as well. The property currently comprises: an Entrance Vestibule, Entrance Hall, spacious Living Room, Conservatory/Garden Room, Dining Room, Kitchen, 2 ground floor Bedrooms and a Bathroom with shower cubicle. To the first floor there is a large Room, Box/Storage Room and a Cupboard. We believe the large room may have been intended for use as a bedroom but it may not comply with current building regulations for use as such. There is off street parking for a number of cars at the front and a driveway leads past the house to the rear where the garage/workshop is to be found. The initial part of the garden is the same width as the front of the plot but then it widens out, wrapping behind the neighbouring property as you go down, opening onto what is almost a field in proportions.
Only a viewing will allow you to fully appreciate the potential of this property as well as the superb plot but we have a 360 degree tour available which will provide a very useful first impression. There is no forward chain.
LOCATION
The property sits between Beverley and Tickton providing good access to both. Tickton provides a number of shops and local amenities and there is also a well regarded pub, the Crown & Anchor, at nearby Hull Bridge. Beverley offers an extensive range of shops and local amenities while Swinemoor and the riverside of the nearby River Hull offer some lovely walks.
ACCOMMODATION
Entrance Vestibule
Entrance Hall
Living Room - a good sized room with sliding patio doors to…
Garden Room/Conservatory - window to the side and rear. Door to the rear.
Dining Room - window to the side and stairs to the first floor.
Kitchen - a range of base and wall mounted units. Window to the rear.
Bedroom - with a window to the front.
Bedroom - with a window to the front and fitted wardrobes.
Bathroom - a 5 piece suite including shower cubicle, panelled corner bath, low flush WC, bidet and wash hand basin. Window to the side.
First Floor Landing
Box/Storage Room
Large Room - possibly intended to be a bedroom but might not comply with current building regulations for use as such. Velux style window to the rear. Walk-in cupboard.
Parking and Garage - there is off street parking for a number of vehicles to the front of the property. A driveway leads past double gates down the side of the property to the garden and garage/workshop at the rear. There is a single garage with a range of other outbuildings behind it.
Gardens - there area of garden adjacent to the house which offers more hardstanding and a large area of paving. Beyond the garage/workshop the garden widens on the right hand side. As you proceed down the garden there is an overgrown area on the right hand side behind a fence and we understand there is a pond or a number of them enclosed in there. After that the garden opens up into a large grassed field type area with a range of mature trees, hedging and fencing to the perimeter.
Heating and Insulation: The property has gas-fired radiator central heating and double glazing.
Services: Mains electricity, gas and water are connected to the property. Drainage is via a septic tank. We understand the septic tank does not meet the current regulations so is likely to require updating/replacing. 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 ‘D’ (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 : D
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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