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£475,000
An excellent opportunity has arisen to acquire the former Bedale Health Centre, which is approximately 0.37 acres (0.15 hectares) in size and benefits from a detailed planning consent for the demolition of the existing building and the erection of eight semi detached houses with associated works.
An excellent opportunity has arisen to acquire the former Bedale Health Centre, which is approximately 0.37 acres (0.15 hectares) in size and benefits from a detailed planning consent for the demolition of the existing building and the erection of eight semi detached houses with associated works.
The former health centre is located on Sussex Street, which is only a short 3 minute walk from Bedale Market Place.
The development consists of four pairs of semi-detached houses, of which there are four two storey, two bed houses with a GIA of 760 sqft each and four two storey, three bed houses with a GIA of 929 sqft each. Total GIA across the development is 6,756 sqft.
Each property has the benefit of either one or two off street parking spaces.
Planning permission was granted by North Yorkshire Council on 17th April 2024, with planning ref: ZB23/01122/FUL.
Situated near Wensleydale, Bedale is a Georgian market town which boasts a rich heritage and is surrounded by some of Yorkshires most picturesque scenery. Bedales Georgian heritage is reflected in the elegant buildings which line its historic market square and the 12th century Church of St Gregory.
Bedale is located some 17 miles north of Ripon, 8 miles west of Northallerton, 11 miles east of Leyburn and 13 miles south of Richmond. The A1 is less than a 5 minute drive from the town centre and the stunning Yorkshire Dales National Park and the North Yorks Moors National Park are within easy reach.
The town is served by regular bus services and also offers the opportunity to explore some of Yorkshires breathtaking scenery on the Wensleydale Railway.
The town has an array of local shops, convenience stores, pubs and restaurants in addition to the local market held every Tuesday. There is a museum, leisure centre with swimming pool, football, cricket, hockey, squash and tennis facilities available and Bedale Golf Club is located close by on the northern edge of the town.
Bedale has three schools, Bedale Primary School, Bedale High School and Mowbray School.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
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.
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