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£100,000

York Road, YO25

  • 0 beds
Other

£100,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£457 per month

Minimum deposit amount:

£5,000
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Although currently quite overgrown, this L-shaped paddock extends to approx. 1.65 acres and is located on the eastern edge of the small village of Little Driffield.  Although outside the village's development boundary, it offers some development potential.  A recent application for developing 16 affordable houses (Application Number: 22/03163/PLF) on the site was recently withdrawn, despite having support from the Director of Planning and Economic Regeneration, to Approve, subject to the completion of the Section 106 Agreement, as a Rural Exception Site.  The application was for 6 no. Social Rented and 10 no. Shared Ownership homes (10 three-bed and 6 two-bed).  The application received strong objections from local residents and the Town Council, and the timescale given for completion of the section 106 agreement has now passed.

Interested parties should note that the neighbouring 0.48-acre paddock, which is in separate ownership, is also offered for sale in this auction.

Location

The land enjoys a frontage onto York Road, Little Driffield, from which it is accessed.  As such, it is convenient for the Village of Little Driffield and Driffield Town.  

Planning

Full details of the withdrawn application can be found on the East Riding of Yorkshire planning public access website using the planning reference number to search.  22/03163/PLF

Tenure

Freehold with vacant possession upon completion.

Services 

We are not aware of any services being connected to the land.

Local Authority 
This property falls within the geographical area of the East Riding of  Yorkshire Council.

Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12.00 pm on Monday 27th January 2025 and closing on Wednesday 29th January at 1.00pm. For further legal information relating to this lot please go to auctionhouse.co.uk/hullandeastyorkshire.

Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and online at auctionhouse.co.uk/hullandeastyorkshire before the date of the auction.

Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price, including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.

Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures that a property will sell for and may change at any time before the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction), which we expect will be set within the Guide Range or no more than 10% above a single-figure Guide.

Online bidding
If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search, and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c

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£457 per month
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Stamp Duty tax
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Mortgage and legal costs:
£999
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