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House For Sale Poplars Lane, Malton, YO17

£3,500

Auction Property
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.

Key Features

  • For Auction On 26th January 2021
  • Lot 63
Last Updated: 19th January 2021

Description

This has not been inspected by Edward Mellor however the client has advised us this is a vacant plot of land measuring approximately 402 square metres/4327 square feet
measurements have not been confirmed by Edward Mellor. Title plan & Boundary markings have been requested. Please refer to the legal pack for further information and ensure due diligence. Images have been provided by the client - there is NO planning that we are aware of due diligence must be taken.

Plot 8, The Maltings, West Knapton, Malton, North Yorkshire, YO17 6RW


TO BE SOLD BY AUCTION ON 26TH JANUARY 2021 UNLESS SOLD PRIOR

If you intend to borrow any money from a financial institution please make sure they are in a position to provide the funding in a timely manner, as they are currently experiencing extreme demands. For further information you can call us on to discuss your individual circumstances

Viewings - Check out the Virtual Viewing first (if available) then call to arrange an attended viewing.
Parties will be limited to two people from the same household and will be required to keep 2 metres distance from other viewing parties both inside and outside the property.
We request that PPE is worn by all viewers and if you or anyone in your household has any symptoms of Covid-19 then please do not attend.

Additional Information - This has not been inspected by Edward Mellor. The location has not been visited so ensure due diligence and refer to the legal pack for an outline of the boundaries and any further information.

Who, When And Where - Edward Mellor Auction
Date: 26th January 2021
Online Auction

Auction Consultant Dealing With This Property - Kate Freer

In Order To Bid At Our Auction - You will first need to create an account. This requires you to verify your email address, by clicking an activation link that we'll send to you.
Once you've created an account you can watch lots that you're interested in (you'll be kept up-to-date throughout the auction cycle), as well as gain access to the legal packs. In order to place a bid on a lot, you will need to complete the bidder registration steps, as detailed below.
The first time you register to bid you will be asked to verify your mobile number and upload copies of your photo ID (e.g. Driver's licence or passport) and recent proof of address (dated within the last 3 months). We can then easily keep in touch and will identify you in the event of you purchasing a lot.
You will also need to add your solicitor information on registration.

Important Notice - Before bidding, it is essential that you read our Online Auction Buying Guide. This is on our website
ews/online-auction-buying-guide.
You must not bid unless you have made yourself fully aware of the auction process. If you need help with this, please contact a member of the team.

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Agent Details
Edward Mellor Ltd
1 St. Petersgate Stockport SK1 1EB
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
0.0

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£105
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a lower return, when compared to other conservative investments.
0

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
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Purchase Price
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It may be difficult to get a mortgage offer for this property.
Mortgage
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
This is the potential achievable yield.
Potential Return-on-Cash Invested