WELL MAINTAINED AND SPACIOUS, this substantial terraced home is positioned very close to Beverley Road in a popular residential area and provides a fine 1st time buyer opportunity.
The property can be viewed by appointment and is offered for sale with VACANT POSSESSION AND NO CHAIN.
An entrance hall leads into a long through lounge that shares natural light through a living area that provides plenty of space for soft furnishings and a dining suite. Through the dining area is a smart kitchen with a good selection of woodgrain cupboards/base units, an integrated halogen hob with an electric oven and a stainless-steel sink / drainer in front of wide windows in the side wall.
Behind the kitchen is a useful lobby with an external half-glazed uPVC door opening to the rear courtyard. The bathroom is complete with a bath and an electric shower over, a basin, a WC and a window in the back wall. The bathroom walls are majority tiled.
A staircase from the hallway extends to 2 double bedrooms and bedroom 1 has an original cupboard in the chimney breast recess.
The house benefits from gas central heating and double glazing and has a current landlord’s gas safety certificate and an electrical installation condition report created in 2022. The main roof has been recovered with concrete pantiles and the kitchen extension also has a pitched roof.
For a detailed look around, please click on the link to the virtual tour link.
The location is ideal for families, professionals, and those who wish to live within easy reach of the Hull City centre. On Beverley Road, a range of regular bus services operates connecting to the surrounding areas. A variety of shops and convenience stores are close by in addition to an Asda supermarket and the Stepney Primary school is on the doorstep.
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 |
