Modern and classic. Big rooms, a south facing garden, a recently built brick workshop with 10’ access and private off-road parking at the back. This fantastic family home has a bit of everything and is ready to go!
Open the front door and the entrance hall sets the tone with original plasterwork & features, polished wood floors and smart décor. The lounge/diner is an impressive space with natural light streaming through from the fully glazed doors at the back of the room to the angled bay at the front. The focal point is a solid fuel burner set into a stone fireplace and the chimney breast above has a double skin lining. The long kitchen has a tiled floor, and a broad breakfast bar creates a super dining area. Nicely fitted with an array of base units and mounted cupboards the kitchen has an integrated oven & hob and excellent space for the remaining appliances. Wide windows along the side wall light up this area and through the kitchen is a handy utility area with a cloakroom/ basin and WC.
A staircase from the hallway extends to a split-level landing, 3 double bedrooms and a fully tiled bathroom with a rectangular bath (thermostatic shower over), an oval basin and a WC. Chrome radiator/towel rails finish the room off. The front bedroom features a black cast fireplace and has a dressing room off, currently serving as a nursery. Bed 2 is the perfect guest room to the middle of the house and a further double bedroom at the back overlooks the rear garden.
For a detailed exploration inside of the property, please check out the Virtual Tour link!
Externally, the house is a picture from the front and the back certainly doesn’t disappoint. A lawned garden with patio extends to a brick workshop served by its own electric consumer unit and opening to a secure ten-foot at the back. A timber shed provides additional outdoor storage space and beyond the ten-foot are allotments providing an open aspect.
Other points of note; the bay windows to the front of the house are the original sashes and the remaining windows throughout the property are double glazed. A newly installed, top of the range 40kw gas boiler has a 12 year warranty and the house has been upgraded by the present owner over time with all works completed to the highest standard.
Park Avenue runs between Chanterlands Avenue and Princes Avenue, offering good shopping and a range of cafes, restaurants and bars. The position of this property puts it in the catchment area of the Bricknell School and Kelvin Hall both of which have a sound reputation. The city centre, the University of Hull and the MKM stadium are easily accessible.
Tenure : Freehold
Council Tax Band : C
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 |
Company Registration Number: 4179534