AVAILABLE TO INVESTORS ONLY...
This spacious 2 bed terrace is situated close to the Hull City centre and will generate rental income from day one.
The house is rented on a 5 YEAR LEASE to a local HOUSING ASSOCIATION., so the rental income is guaranteed until the lease ends in 2029. Very often the same Housing Association will renew the lease for another 5-year term when the current lease period expires.
The rent is set at £550pcm currently and is increased annually in line with Local Housing Allowance rates.
Located to the north-east of the city centre and available for sale at a price to appeal to most budgets, this must be attractive to landlords looking for a longer-term investment.
This end terrace briefly comprises, a part-glazed uPVC door lounge with an ornamental fireplace into a smart fitted kitchen with cooker and space for a breakfast table. Through the kitchen, the lobby has plumbing for a washing machine and a door opening to the rear courtyard. At the back of the house is a bathroom with a full white suite.
A staircase extends from the kitchen to the first-floor landing with 2 double bedrooms.
The property benefits from uPVC double glazing, gas central heating. It carries a valid EICR certificate and has an annual Landlord Gas Safety check.
Please click on the link to the virtual tour link.
Location: Close to Holderness Road with a wide range of shops, facilities and public transport links to the Hull City Centre. The Mount Pleasant retail park includes an ASDA superstore and is within a short walk.
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
