This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
2 bedroom Flat for sale, Tower Park Mews, Hull, East Yorkshire, HU8
Features and Description
- GUIDE PRICE £48,000 - FOR SALE BY MODERNE AUCTION VIA OUR PARTNER AGENTS, AUCTION HOUSE NORTH EAST
- A superb two-bedroom duplex apartment offered exclusively to investors with tenant in situ with a rental income of £600 per month.
- This offering promises a lucrative yield, making it an attractive proposition for those seeking to capitalise on Hull's thriving rental market.
- With a lease spanning over 985 years, stability and longevity are assured, ensuring enduring value and peace of mind for prospective buyers.
- Spanning the first and second floor levels, this spacious duplex apartment offers nearly 800 ft² of meticulously crafted living space.
- Well-maintained by the current tenant, the accommodation exudes comfort and style.
- Details regarding ground rent and maintenance charges are forthcoming, ensuring transparency and clarity for potential buyers.
- With a council tax band 'A' payable to Hull city council and an EPC grade of D, this property exemplifies both investment potential and comfortable living.
GUIDE PRICE £48,000 - FOR SALE BY MODERN AUCTION VIA OUR PARTNER AGENTS, AUCTION HOUSE NORTH EAST
A superb two-bedroom duplex apartment offered exclusively to investors with tenant in situ with a rental income of £600 per month, this offering promises a lucrative yield, making it an attractive proposition for those seeking to capitalise on Hull's thriving rental market. With a lease spanning over 985 years, stability and longevity are assured, ensuring enduring value and peace of mind for prospective buyers.
Situated within the esteemed former sheriff house, this property boasts a rich history and a captivating blend of architectural styles, blending the grandeur of old-world charm with the sophistication of modern development. Upon arrival, you’ll be captivated by the seamless integration of meticulously converted individual apartments within the historic structure, complemented by the addition of high-quality new builds. Nestled at the forefront of this prestigious development, this property presents a unique opportunity for discerning investors.
Spanning the first and second floor levels, this spacious duplex apartment offers nearly 800 ft² of meticulously crafted living space. Well-maintained by the current tenant, the accommodation exudes comfort and style.
Upon entering, a grand communal entrance hall sets the tone, leading to a first-floor landing area. Inside the apartment, a central hallway provides access to a comfortable sitting room, a well-appointed fitted kitchen, and a spacious bedroom, alongside a thoughtfully designed bathroom. Ascending to the first floor, another double bedroom awaits offering versatility and privacy.
Externally, the development is complemented by its own grounds, featuring an allocated parking space for added convenience.
Details regarding ground rent and maintenance charges are forthcoming, ensuring transparency and clarity for potential buyers.
With a council tax band 'A' payable to Hull city council and an EPC grade of D, this property exemplifies both investment potential and comfortable living.
Lease Details: 999 Years Commencing On And Including 1 September 2011
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Agents Note 1
To fulfil the obligation to share material information, please visit the link below. You'll find a comprehensive document containing key facts for buyers, providing valuable insights related to the property that you'll undoubtedly find useful.https://sprift.com/dashboard/property-report/?access_report_id=3363394
Agents Note 2
HMRC is a supervisory body for money laundering regulations, of which all estate agents need to be registered. As part of this, there are multiple requirements that agents must rigorously and consistently meet to ensure they stay compliant with the regulations and protect their clients. To do this, we use an identity verification service, approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF). This method and the process we follow to ensure compliance for your transaction come with significant time, financial and legal implications hence a portion of this is passed on. We elected for this verification process due to the speed, certainty, and accuracy it delivers. This helps us to protect all our client's interests by using the most advanced verification process to help prevent the impacts of money laundering alongside our internal manual policies and procedures while staying compliant with HMRC.The administrative charge for this process is £35 plus VAT for a sole purchaser, £60 plus VAT for two purchasers and £70 plus VAT three or more purchasers.
Charges
The costs for 9 Tower Park Mews are as follows:Service ChargeTPM Management £000 per yearGround RentNominal £150 per year
Auctioneer's Notes
Property construction - StandardElectricity supply - MainsWater supply - MainsSewerage - MainsHeating – GasBroadband - Standard Speed - 22 mbpsMobile signal / coverage –O2/ Vodafone /EE/ Three – Very GoodParking – Resident ParkingBuilding Safety – See Legal PackRestrictions – Yes See Legal Pack – Holderness Road East Conservation AreaRights and easements - See Legal PackFlood risk – LowCoastal erosion –LowPlanning permission – See Legal PackAccessibility / adaptions - See Legal PackCoalfield or mining area - See Legal Pack
Notes
Tenure: LeaseholdLease Details: 999 Years Commencing On And Including 1 September 2011EPC Rating: DAdministration Fee: £1200 inc VAT payable on exchange of contracts.Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Tower Park Mews, Hull, East Yorkshire, HU8
Additional Information
-
Property refHUL240298
-
EPCD
-
TenureLeasehold
-
Lease length985 years
-
Council TaxA
-
Local authorityHull City Council
-
Ground Rent£150
-
Ground Rent ReviewContact the branch
-
Service Charge£1,000
The pin shows the exact address of the property
Energy Efficiency Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs
Current
59Potential
75CO2 Rating
Very energy efficient - lower running costs
Not energy efficient - higher running costs