Nicely positioned in a smart development, this sunny ground floor apartment offers good room sizes and quality living accommodation in a quiet location close to the river.
An external door opens to a smart communal entrance lobby with an inner door accessing the apartment. Once inside, a hallway links the lounge, bedrooms and bathroom and provides a full-height storage cupboard. The intercom and thermostat are wall-mounted.
The dual aspect lounge is an impressive space. The bright decor gives the room a super airy feel with a living area at one end and a dining area linking though an arch into the kitchen.
The white kitchen has a nice mix of white mounted cupboards and base units topped with shiny black granite-effect worktops. Behind the units are matching black tiles, the integrated gas hob & oven fits in nicely and has an impressive extractor hood over. A single sink and drainer is to the side wall with plumbing for the washing machine beneath.
Bedroom 1 is a good space and links into a Jack ‘n’ Jill bathroom with a bath and drench-head shower over. A white pedestal basin and a matching WC complete the suite and the walls around the bath are tiled. The second bedroom is a large single room across the hallway.
To the front of the development is a parking area with clearly marked, allocated parking spaces. In addition to the allocated spaces, further parking bays are on offer for visitors.
The windows are all uPVC double glazed and central heating is fired by a gas boiler.
Fabulous walks along the waterfront are just outside of the front door. Shops, the vibrant Fruit Market, the Hull Marina, a children’s park and a well-regarded school are within a walk. The central location means also that the Victoria Dock Village offers easy transport to the M62 via the A63 (Castle Street).
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 |
