Great location & an extremely spacious home – what’s not to like?
Available for sale with NO CHAIN and VACANT POSSESSION this grant-improved property provides over 1000 sq. ft of accommodation. Appealing to investors and first-time buyers, this fine 3 bed end house has bags of potential and an early viewing is strongly recommended.
A hallway leads into a super lounge/diner. Natural light is shared from the front bay to the windows at end of the room. Plenty of space is on offer for soft furnishings and a full dining suite and beneath the staircase is a cloak area and the usual utility cupboard.
The kitchen is fitted with a wide range of white base units. A stainless-steel sink and drainer is in front of a wide window in the side wall and the Ideal condensing boiler fits snugly into one of the cupboards. An external half-glazed uPVC door opens to a courtyard from the rear lobby and at the back of the house is a bathroom with a full white suite.
A staircase extends from the entrance hall to a first-floor landing split level landing. Off the landing are 3 double bedrooms.
For a full inspection, please visit the virtual tour link within the property photos.
Location : Gordon Street forms a part of Hull’s regeneration area and subsequently the house is well presented from the kerbside. Off the Boulevard, easy transport links to the city centre and the villages to the west are close by.
Tenure : Freehold
Council Tax Band : A
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
