Looking for a refurbishment project - look no further!
This spacious, traditional terraced home is well positioned and offers fine accommodation with big bay windows and well-proportioned rooms.
Configured with an entrance hall, a living room and a similar sized 2nd reception/dining room with excellent storage. The kitchen is a decent space with a verandah beyond incoerporating a 2nd WC. A staircase from the entrance hall extends to 2 double bedrooms and a large bathroom with a combination boiler. A forecourt sets the house back from the kerbside at the front and at the back is a good outside space with shared pedestrian access. The house benefits from gas central heating and double glazing and is ready for a buyer to make it their home!
For a detailed exploration inside of the property, please check out the Virtual Tour link!
CHAIN FREE and for sale with vacant possession
The location on Goddard Avenue is very close to Newland Avenue where you will find everything that you need. Cafe bars, restaurants, as many shops as you can count and banks of course. This area has a special vibe - a winning blend of new folks to the area (being close to the University) and long-standing citizens who stick around because they appreciate what the area has to offer. Beverley Road and Princes Avenue are within a short walk and host more facilities including public transport links to both the Hull City centre, Cottingham and Beverley.
Tenure : Freehold
Council Tax Band : A
Void
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 |
