3 bedroom house - detached for sale

£575,000

3

Bedrooms

2

Bathrooms

3

Reception

Floorplan

With a plot of around 0.37 acres that includes an extensive hardstanding area with a large tall workshop of over 1400 sq. ft. this property will be sure to be of interest to a range of purchasers. That is particularly so as it includes a good sized three bedroom house in very good condition. The property is situated on the east side of Hull and provides immediate access to the A1033 which links to the A63 and then M62. It is likely to be of particular interest to those looking for a home with significant storage space or buyers looking to run a business from home (subject to necessary permissions). Early viewing is essential.

This well appointed residential property provides nearly 1800 square feet of accommodation including a large ground floor room with a full size snooker table that may also be used for a variety of different purposes. The property is very well presented with a modern kitchen, bathroom and shower room. With gas fired central heating and uPVC double glazing it briefly comprises: an Entrance Hall, a Living Room with bay window to the front and windows to two further aspects, a Dining Room with bay window to the front and further window to the side, a Study, a modern fitted Kitchen with a range of appliances, breakfast bar and windows to two aspects and then the large room at the back which is nearly 400 sq. ft in its own right and has multiple windows over two aspects. To the first floor is a Master Bedroom with a bay window, extensive fitted bedroom furniture and an en suite Shower, a further Double Bedroom also with a bay window, a Single Bedroom, Bathroom and separate WC. There is a good size lawned front garden with a high hedge and low wall to the roadside which help to shield it from the road. Remotely operated double gates provide access to the property from the road and lead to a large area of hardstanding and parking which make up much of the plot. The yard dog-legs towards the northern side and in this area there are a number of storage units. What is likely to be of significant interest to most purchasers is the large workshop of over 1400 sq. ft that is also tall which has been used to work on haulage vehicles. There are two high (around 15 ft) electric doors to the western aspect and one to the south. This space could be useful for use as workshop, warehouse or just to accommodate vehicles or motorhomes (business use subject to any necessary permissions) but the workshop is well built.

A special property that is in excellent condition in all areas which would suit a wide range of potential purchasers. Early viewing is highly recommended to fully appreciate all that it offers but we do have a 360 degree tour that will provide an excellent insight in the first instance. There is no forward chain.

ACCOMMODATION


Entrance Hall - with stairs to the first floor and attractive wooden flooring.

Living Room - a spacious room with a bay window to the front and further windows to the side and rear. Fireplace, built-in cupboard and attractive wooden flooring.

Dining Room - with a bay window to the front, further window to the side, fireplace and attractive wooden flooring. Opens onto the

Study - with a window to the side and attractive wooden flooring.

Kitchen - a good sized kitchen with an attractively fitted range of modern units including a number of fitted appliances as well as a breakfast bar. Windows to two sides.

Snooker Room - a large room currently housing a full size table providing almost 400 sq. ft. of space with three windows across two aspects as well as a sliding patio door.

Outside WC - there is an externally accessed WC at the rear of the house.

First Floor Landing - with a window to the rear and built in cupboard.

Master Bedroom - a double bedroom with an extensive range of fitted bedroom furniture including wardrobes. Bay window to the front. Access to

Shower Room - fully tiled with a walk-in shower.

Bedroom 2 - a double bedroom with a bay window to the front, further window to the side and an open storage space.

Bedroom 3 - a single bedroom with a window to the front and fitted dressing table with storage.

Bathroom - fitted with a modern suite including a panelled P-shaped bath with shower screen and shower over as well as a wash-hand basin with storage under. Fully tiled walls and a window to the rear.

Separate WC - low flush wc, fully tiled walls and a window to the rear.

Outside - There is a lawned garden to the front of the property which helps set it back from the road from which screening is provided by a high hedge and low brick wall on the outside. The property is accessed via remotely operated electric gates which opens onto a large parking and hardstanding area which takes up much of the 0.37 acre plot. The hardstanding dog-legs at the north west corner where there are a number of storage buildings. In the north east corner there is a large workshop offering over 1400 square feet of space. This can be accessed via three high (around 15 ft) electric doors, two on the western side and one on the southern side. There is also a courtesy door on the southern side. The workshop is tall enough to accommodate motorhomes and haulage trucks and is in excellent condition. It may well appeal to buyers for personal use as a workshop or for storage but may also be ideal for running a business from (subject to any necessary permissions). These could range from a plumbers to electricians yard, vehicle engineering or even a warehouse, (again, subject to necessary permissions). It does not currently have a rateable value. The potential for use for commercial activities is enhanced by the excellent connection to the road network provided by its location on the A1033. The A1033 links to the A63 and M62 providing connections to the local and regional road network.


Heating and Insulation:The property has gas-fired radiator central heating and uPVC doubleglazing.

Services:All mains services are connected to the property. None of the services or installations have been tested.

Council Tax:Council Tax is payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band D (verbal enquiry only).

Tenure:Freehold. Vacant possession upon completion.

Viewing:Strictly by appointment with the agents Beverley office. Telephone: 01482 866844.

Nearest Stations:

4.57 miles
Hull
5.9 miles
New Holland
6.24 miles
Goxhill
7.14 miles
Thornton Abbey
7.24 miles
Barrow Haven

Map location is not available for this property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 477075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 14375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 45825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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