Fantastic City Centre Living
This super city centre apartment is available for sale, very reasonably priced and in good cosmetic order.
The communal entrance and landings are well maintained and internally the apartment is spacious, airy and nicely fitted. The apartment provides a dual-aspect, open-plan living area finished with French doors opening to a Juliet balcony. The kitchen is to the edge of this room with fully integrated under-counter appliances and a good selection of cupboards and units. The hallway offers a deep walk-in cupboard and a further full-height cupboard provides a home for the water heater.
Both bedrooms are doubles and bedroom 1 has French doors and a Juliet balcony. The bathroom is a big space with a full suite and a shower over the bath.
The rooms benefit from a centrally controlled electric heating system and an intercom allows access for visitors and guests from the ground floor.
To access the full virtual tour, please see the icon within the photographs.
The apartment is on the edge of Freetown Way very close to the main bus depot / railway station. Good public transport links are on offer to the surrounding villages of Cottingham, Anlaby and Hessle and excellent road connections are available to all parts of the city with easy access to the M62 via the A63 dual carriageway.
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
