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£1,250,000 Guide Price
Bedrooms
Bathrooms
Nestled in the serene countryside, this enchanting 200-year-old farmhouse is a testament to historical charm and timeless elegance. Boasting five spacious bedrooms, the property retains a myriad of original features, including an inviting open fireplace that serves as the heart of the home. The master bedroom is a private haven, complete with an en suite and a walk in wardrobe with ample loft storage, providing a perfect blend of comfort and privacy. With ample parking facilities for family and guests, this home offers the rare luxury of space and convenience. The charming courtyard is perfect for al fresco dining or a morning cup of tea, while the private garden offers a tranquil retreat to enjoy the natural beauty of the surroundings.
The property is perfect for those seeking a countryside lifestyle, 18 well-maintained stables are available, alongside various barns and a large workshop that cater to diverse needs. A spacious garage complements this offering, ensuring all storage and maintenance needs are met. There is significant potential to develop the barns.
Located in the picturesque village of Hemingbrough, this property offers a taste of idyllic rural life while remaining connected to essential amenities. The village itself is equipped with a quaint pub, convenient shop, and a post office, providing the essentials for day-to-day living without the urban hustle. Hemingbrough is renowned for its peaceful atmosphere, making it an ideal location for those seeking tranquillity without sacrificing convenience. It also benefits from strong road link to Hull, Leeds, Manchester and York, plus a rail connection from Selby train station to London.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay 349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of 6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than 450.00. These services are optional.
Map location is not available for this property.
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.
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