A quaint, one bedroom cottage in the quiet village of South Ferriby which offers tons of potential to any new owner. Originally part of one dwelling, 3 Meadow Cottages now occupies the end of terrace plot having been converted by a local builder in 1993. South Ferriby sitting close to the Humber dates back at least to Roman times when there was a major settlement and is known locally as one of the 'Low Villages' which still proves extremely popular to avid walkers lying on route of the 147mile Viking Way. An ideal opportunity here to turn this stunning property into a holiday let or to continue it's existance as a cosy, simplistic full time home.
Internally the property comprises kitchen into lounge, one bedroom and bathroom. Externally there is a court yard to the rear with planning permission for a single storey extension with further opportunity to purchase extra outdoor space from the neighbouring properties.
The property benefits from gas central heating and PVCu double glazing throughout.
This remarkable home is on the market with an asking price of just £74,495 with viewings available immediately through JC Property in Scunthorpe.
Entrance:- From the rear into kitchen.
Kitchen:- Door and window to rear, range of wall and base units with complementary work surfaces and tiled splash backs, integrated apliances including electric oven, microwave, fridge/freezer and washer dryer. open access into lounge and stairs to first floor.
Lounge:- Window to front.
First Floor Landing:- Access to bathroom and bedroom.
Bedroom:- Window to front.
Bathroom:- Window to rear, newly fitted bathroom suite including panel enclosed bath with mixer shower over, pedestal wash basin, low flush w.c, tiled walls.
Outside:- The rear of the property offers a man cave in the courtyard garden which is enclosed by brick walling. Off road parking available.
Tenure : Freehold
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 £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
