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56 Market Place, Driffield, YO25 6AW
£55,000
Bedrooms
Bathrooms
Reception
The property briefly comprises:- entrance hall, storage cupboard, lounge/dining space, kitchen, double bedroom and shower room.
LOCATION
Driffield is a traditional market town that hosts a weekly market every Thursday. The town offers an outstanding array of amenities including Post Office, doctors, a thriving high street with independent and national shops, quality sports facilities dedicated to bowls, golf and tennis to name a few are also available. The larger towns of Beverley and Bridlington through to Hull and Scarborough are all accessible by regular bus a train service.
THE ACCOMMODATION COMPRISES:-
ENTRANCE HALL- 15'2 (4.63m) x 3'3 (0.99m)
Door to the front aspect, coving, intercom telephone system, fitted carpets and power points.
STORAGE CUPBOARDS
Storage cupboard which houses the water tank, coving, built in shelving, power and lighting.
LOUNGE/DINING ROOM- 14'8 (4.47m) x 14'1 (4.31m)
Fabulously sized and cosy lounge with space for a dining table. There is a window to the rear aspect, coving, electric fireplace with marble hearth and surround, fitted carpets, electric storage heater, TV point and power points.
KITCHEN- 5'11 (1.80m) x 13'2 (4.01m)
Velux window to the rear aspect, coving, tiled splash back, a range of wall and base units, sink with drainer unit, space for fridge, space for freezer, built in eye-level oven, electric hob, extractor hood, laminated flooring and power points.
BEDROOM ONE- 9'2 (2.80m) x 18'2 (5.55m)
Generously sized double bedroom with window to the rear aspect, fitted wardrobes with mirrored doors, fitted carpets, electric storage heater, TV point and power points.
SHOWER ROOM- 5'6 (1.70m) x 6'10 (2.09m)
Coving, fully tiled walls, three piece bathroom suite comprising:- low flush WC, sink with vanity unit, walk in fully tiled shower cubicle, fitting carpet, heated towel rail and extractor fan.
COMMUNAL GARDENS
The beautifully landscaped communal gardens are mainly laid to lawn with flurishing flower and shrub borders.
ON SITE FACILITIES
There is use of a house manager, communal lounge, kitchen, laundry, internal refuse room, guest suite, lift and communal gardens.
PARKING
Parking bays are strictly for residents only. The spaces are not allocated.
PETS
Having a pet is subject to the onsite pet policy.
SERVICE CHARGE
The service charge covers the communal residents lounge, kitchen, laundry, refuse, guest bedroom, lift, communal gardens, buildings insurance, external window cleaning, security and Careline facilities as well as the resident manager. It's current charge is 2,715.00 per year and payable 6 monthly.
GROUND RENT
Ground rent of 385 per year.
SERVICES
Mains water, electricity and drainage all connected to the property.
TENURE
The property is held under Leasehold Title with approximatley 105 years remaining. The lease started with 125 years as of 1st September 2003. Further details on the lease and any additional charges are available upon request. The property is offered with the benefit of vacant possession upon completion.
COUNCIL TAX BAND
Council Tax is payable to the East Riding of Yorkshire Council. The property is shown on the Council Tax Property Bandings List in Valuation Band 'B'.
EPC- B
VIEWING
Strictly by appointment with the sole agents.
FREE VALUATION
If you are looking to sell your own property, we will be very happy to provide you with a free, no obligation market appraisal and valuation. We offer very competitive fees and an outstanding personal service that is rated 5 star by our fully verified clients.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
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.
56 Market Place, Driffield, YO25 6AW
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