£68,000

Division Road, Hull, HU3

3 Bedrooms
1 Bathroom
1 Reception

Property Type : Terraced

Reference number : mrc_536802936

Market info

3 Bedroom House for Sale

Popular location immediately off Hessle Road, spacious home – what’s not to like?

Available for sale with vacant possession and no chain, this 3 BEDROOM home must appeal to buyers looking for family-sized accommodation within a modest budget.

At more than 7 metres front to back, the lounge/diner is a super space. Light is shared from the windows at the front to the back and excellent accommodation is on offer for soft furnishings and a full dining suite.

The kitchen is fitted with a range of white units, cupboards and the standalone cooker is included in the sale. Through the kitchen is a lobby with an external door opening to a courtyard served by pedestrian access. At the back of the house is a bathroom with a full suite and an electric shower over the bath.

A staircase extends from the entrance hall to a first-floor landing split level landing with a loft access. Off the landing are 3 well-proportioned bedrooms.

Location : Division Road is in the heart of the Hessle Road shopping district ed from the kerbside. Off Granville Street, easy transport links to the city centre and the villages to the west are close by.

CHAIN FREE and a viewing is strongly recommended!

Tenure : Freehold

Council Tax Band : A

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Calculate your Return on Investment

Purchase Price

I want to invest

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Years of Investment

Est. Rental Income

Mortgage Required

£ 57440

Mortgage Loan to Value

84%

Gross Yield

Annual ROI

Annual Rental Profit

Cumulative Rental Profit

Cost of Purchase

£ 6440

Stamp Duty: £ 2040; Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget: £ 1700
Survey Costs: £ 400
Mortgage Fees: £ 1,000; Your home may be repossessed if you do not keep up repayments on your mortgage.
Legal Fees: £ 1,300; Adjust these figures

Refurbishment Budget
£

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.

Survey Costs
£

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.

Mortgage Fees
£

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.

Legal Fees
£

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.

Annual Costs

Mortgage Interest: £; The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
Letting and Management Costs (Inc VAT): £
Maintenance: £
Insurance: £ 500
Ground Rent: £ 0
Service Charge: £ 0; Adjust these figures

Mortgage Interest Rate
%

Management Fee % (Ex. VAT)
%

Letting Fee
£

Maintenance rate
%

This is the percentage of the rent that you will spend maintaining the property.

Ground Rent
£
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
£
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

Buildings Insurance
£
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.

Total Profit

Final Equity Profit: £; Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit: £; Cumulative Rental Profit = Annual rental profit x Time of Investment; Adjust these figures

Estimated Captial Growth Rate
%

This is the assumed rate of house price inflation.

Final Property Value

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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Single Property Single Additional Property Additional First Time Buyer First Time

Single Property

Stamp duty charges

Purchase Price

Effective Rate

00.00 %

Tax Band	%	Taxable Sum	Tax
less than £250k	0
£250k to £925k	5
£925k to £1.5m	10
rest over £1.5m	12

Additional Property

Stamp duty charges

Purchase Price

Effective Rate

00.00 %

Tax Band	%	Taxable Sum	Tax
less than £250k	3
£250k to £925k	8
£925k to £1.5m	13
rest over £1.5m	15

First Time Buyer

Purchase Price

Effective Rate

00.00 %

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

*If the price is over £625,000, you cannot claim the relief. Follow the rules for people who’ve bought a home before.

Division Road, Hull, HU3

£68,000

£68,000

Division Road, Hull, HU3

3 Bedroom House for Sale

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Calculate your Return on Investment

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Single Property

Stamp duty charges

Purchase Price

Additional Property

Stamp duty charges

Purchase Price

First Time Buyer

Purchase Price

MRC Letting and Estate Agents