This 2 bedroom family home is being sold with vacant possession in an extremely popular residential location.
A half-glazed external door opens to an entrance hall and into a lounge with a large window to the front and good storage in a cupboard beneath the staircase.
The kitchen is complete with a selection of woodgrain mounted cupboards and base units topped with grey granite-effect worktops and white splashbacks. The integrated oven is separate from the halogen hob to enable more cupboard space and the sink/drainer is in front of a window in the back wall. At the back of the house is a utility area with and an external door to the long lawned garden and patio area.
A staircase from the hallway extends to a first-floor landing. Bedroom 1 has a recessed area behind the staircase and loft access is from tis room. The second bedroom looks across the gardens behind the house and the shower room has an enclosure, a pedestal basin and a WC.
For a detailed exploration inside of the property, please check out the Virtual Tour link!
The property is ideally positioned for access to both Hull City Centre and the A63/M62 motorway link, with a good selection of shops and public transportation available close by. Local schooling and sporting facilities can also be found not far away.
VACANT POSSESSION and NO CHAIN.
Tenure : Freehold
Council Tax Band : A
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 |
