Positioned on the ground floor, this nicely presented one bedroom apartment is in a sought-after location in HULL MARINA, just a short walk from Hull city centre. Offering comfortable accommodation in a prime WATERSIDE SITUATION, it is an excellent choice for first-time buyers, professionals or investors.
The property features a bright lounge/dining room with French doors opening from the lounge to the waterside and super views across the marina. A fitted kitchen provides ample storage and worktop space, an integrated oven & bob, tall fridge freezer and provides sufficient space for the remaining appliances.
The double bedroom benefits from double fitted wardrobes, and the bathroom has a dazzling white suite with shower boarding to the walls and a shower over the bath.
The apartment has its own gas central heating system, the windows are fully double glazed and there is an allocated parking space very close by.
Access to the apartment is either via a communal entrance or the French doors opening directly into the lounge.
For a detailed exploration inside of the property, please check out the Virtual Tour link!
Hull Marina is one of the city's most desirable locations, renowned for its waterfront restaurants, cafés and bars. Princes Quay shopping centre, Hull's historic Old Town and the Museums Quarter are all within easy walking distance, offering a wide range of shopping, dining and cultural attractions.
Hull Paragon Interchange is approximately 1.25km away providing regular rail services to destinations across the UK. The bus terminus adds to the public transport services on offer serving nearby destinations.
Other points of note:
• The annual service charge: £1242.00
• The length of lease remaining : 86 years
• Annual payment due to the freeholder (ground rent) £25 per year
• Council Tax band B
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 |
Company Registration Number: 4179534