Nicely positioned, with easy access to the Market Place in the centre of Beverley, this tidy, 3 bedroom terraced home is a must see.
Sold with a tenant in situ, the property is currently rented at £805pcm.
The house is a picture from the front with a low wall and forecourt setting the house nicely back from the kerbside. The front door opens to a hallway and a lounge with an angled bay and a log burner installed within the chimney breast.
The dining room is well proportioned, with a feature fireplace, fixed drawers and a cupboard providing useful storage.
A smart galley kitchen includes an integrated oven with a gas hob and a window in the opposite wall behind the stainless-steel sink and drainer. This space is well equipped with plenty of units, cupboards and drawers. A short lobby provides accommodation for appliances and leads into a bathroom with a full suite, tiling around the bath and an electric shower over.
A staircase from the dining room extends to the first-floor landing and a double bedroom to the front with an ornamental period fireplace and a cupboard in the chimney breast recess. A further double bedroom has fixed storage behind the staircase and steps down to the 3rd bedroom currently in use as an office.
At the back of the house is a super lawned garden.
Location : The popular historic town of Beverley in East Yorkshire offers a fine range of local amenities and a wide selection of shops, many high street chains, Public Houses and restaurants. The recent Flemingate development provides more of the same, including a cinema. The town is well situated for access to Hull, York and the M62.
Tenure : Freehold
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
