This substantial property will require full refurbishment.
We are informed that it historically had been a registered 7 bedroom HMO. It has the potential to be developed into flats or reinstated as an HMO with the relevant consents.
To the ground floor are 3 receptions, a kitchen and a rear lobby into a full bathroom at the back of the property. A staircase extends to a split-level landing on the first floor with 4 double bedrooms (the front bedroom has been split to create 2 equal sized rooms), 2 cloakrooms with WCs and a further bathroom with a full suite.
A switchback staircase from the landing has a roof window midway up and a short landing on the second floor has 2 bedrooms off with Velux windows.
The property has gas central heating, uPVc double glazed windows and the roof has been re-covered with concrete pantiles.
The house is approx. 1km from the city centre and is well positioned to access both the Hull Royal Infirmary, the Castle Hill hospital and the University of Hull.
In view of the condtion of the property and the scale of the works reuqired, sensiblbe offers are invited.
For sale with VACANT POSSESSION and NO CHAIN.
Floorplan to follow...
Tenure : Freehold
Council Tax Band : A
Unoccupied
Choose a prefered date and time
Contact details
If you are flexible on date and time, please just click the button below
Please complete the form below and we'll get back to you make the arrangements
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 |
