A fine family home, at a GREAT PRICE!
Deceptively spacious, this property provides more than 1000sq ft of living accommodation and is situated close to Hull Royal Infirmary and major public transport routes into the Hull City Centre.
The house is a picture from the kerbside and internally is presented in move-in condition.
Off the hallway is a lounge with a square bay and a period fireplace and surround. Adjacent to the lounge is a dining room and a 3rd reception with a wide window to the side links the hallway with a smart, dual aspect kitchen at the back of house. This comes complete with an integrated oven & hob, fridge freezer and a washing machine. This is a fine space with base units fitted to 3 walls,
To the first floor are 3 double bedrooms, a bathroom with a full suite and a further shower room with a 2nd WC.
The house benefits from gas central heating, uPVC double glazing and a retiled main roof.
For a detailed exploration inside of the property, please check out the Virtual Tour link!
Positioned off Albert Avenue, the property is within walking distance of the MKM stadium, the Hull Royal Infirmary and is close to lots of local amenities. Easy public transport links are available to the City Centre and the surrounding villages.
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 |
