A fine opportunity to purchase a modernised 3 bedroom terraced house in a quiet location but close to everything. For sale with NO CHAIN and with vacant possession!
This terraced property has well-proportioned rooms and is presented in move-in condition, nestled towards the end of Park Avenue West in the extremely popular HU5 neighbourhood.
An entrance hall leads into a fine living space. Sliding glass doors between the 2 receptions provide the option of 2 rooms with angled bay windows at the front, an open period fireplace in the dining room and a door opening from here to the garden at the back.
At the end of the hallway, the kitchen has a split-level roof with a south-facing window between the 2 levels lighting up the space. The kitchen fittings are new and include an integrated oven/hob/ extractor with good space for the other appliances. Through the kitchen, the rear lobby has a half-glazed external door to the rear garden and at the back of the house is a small cloakroom with a WC.
A staircase from the hallway extends to a landing with a square loft hatch, 3 bedrooms and a shower room. The 2 double bedrooms are a similar size and the 3rd is surprisingly large for a house of this vintage. The shower enclosure has a thermostatic shower, basin and a WC. A window with obscured glass lights up the space.
The house is accessed from a pedestrian pathway to the front and the front garden sets it nicely back. A long back garden offers mature, bushes and shrubs and a garage at the end is served by vehicle access. To the side of the garage is a private off-road parking space.
Park Avenue West is approx. 2 miles north-west of the Hull city centre, close to an array of excellent local facilities including shops, cafes and restaurants. This property is set on the edge of the leafy Avenues conservation area, close to well-regarded schooling for all age groups, the University of Hull and the MKM stadium.
Tenure : Freehold
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
