This 2 bedroom family home in a super popular location is being sold with LONG STANDING TENANTS IN SITU.
Well-proportioned living rooms and a wide kitchen fully across the back of the house combine to create a comfortable living space with a long lawned garden at the back.
An enclosed porch opens into an entrance hall and a lounge with an angled bay, a contemporary fireplace an inset gas fire and laminate flooring. The lounge widens into a dining room and a fitted kitchen with a good selection of base units, mounted cupboards and an integrated oven & hob. An external door opens from here to a private lawned garden with a patio and a wooden shed.
A staircase from the hallway extends to a first-floor landing. Bedroom 1 is a double room to the front and bedroom 2 looks across the gardens at the back. The bathroom has a full suite with tiling to the walls around the bath, a wide basin and a WC.
Houses in this area don’t hang around, so an early viewing is strongly recommended!
Further information relating to the tenancy can be provided by enquiry.
Penshurst Avenue is situated in the popular village of Hessle on the doorstep of the Penshurst Primary school & with other amenities close by. Close road and rail links are on offer with the Hull City Centre, the Humber Bridge and the A63/M62 motorway network easily accessible.
Tenure : Freehold
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 |
