2 bedroom apartment for sale

£230,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

NO ONWARD CHAIN - A rare to market ground floor apartment within this popular and well managed retirement complex in the centre of Guiseley. With two bedrooms, shower room to principal bedroom, living room, well-equipped kitchen, guest W.C, communal gardens, and residents parking.

Dacre, Son & Hartley are delighted to present to the market this generously sized, two bedroom apartment which is offered with no onward chain. With the additional benefit of a ground floor position, this well-equipped apartment comes with fitted furniture and is of spacious proportions throughout.

Briefly comprising; spacious entrance hall with storage cupboards providing ample storage space; guest W.C.; living room; fitted kitchen with integrated appliances; principal bedroom with fitted wardrobes; en suite shower room having a walk-in shower for ease of access; further good sized bedroom; separate guest W.C. Externally there is a communal car park and well maintained communal gardens.

The Laureates is a stunning development of luxury retirement apartments in a level, central and convenient location in the select town of Guiseley, within easy access of both Leeds and Bradford city centres. The building has two lifts to all floors and complies with Secure by Design security standards, including CCTV monitoring and secure door entry. Superb facilities include a spa room, hair salon, internet zone, communal lounge and coffee lounge and a laundry.

Retirement living at The Laureates offers you a combination of independent living and peace of mind. Enjoy the warm community spirit and take part in social activities as much as or as little as you like with likeminded neighbours. This is an ideal move to reduce the stresses of todays living without the worry of maintenance ever again. In addition, and exclusive to retirement apartments in the area, personal support and care can be provided through the on-site team if and when needed, as well as an on-site management team. The Laureates is in Anchors portfolio of award winning retirement developments, especially designed to offer comfort, security and choice for older people.

Local Authority & Council Tax Band
Leeds City Council - Council Tax Band C.

Tenure, Services & Parking
Leasehold. Mains electricity, water, drainage are installed. Domestic heating is from electric wall heaters. Residents car park.

Internet & Mobile Coverage
Information obtained from the Ofcom website indicates that an internet connection is available from at least one provider. Mobile coverage (outdoors), is also available from at least one of the UKs four leading providers. For further information please refer to:

If approaching by car from our office head out of Guiseley on the A65 on to Leeds Road. After the Westside shopping complex turn left on to Nunroyd Ave and at the playing field turn left on to Rushkin Crescent and immediate left again on to Shakespeare Road. The Laureates can be found at the bottom of the road.



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £994.67

Total Interest: £128,082.56

Overall Total: £358,082.56

Amortization For Monthly Payment: £994.67 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£7,292.28 £4,643.80 £225,356.20 
2026£7,141.48 £4,794.60 £220,561.60 
2027£6,985.79 £4,950.30 £215,611.30 
2028£6,825.03 £5,111.05 £210,500.24 
2029£6,659.06 £5,277.03 £205,223.22 
2030£6,487.69 £5,448.39 £199,774.82 
2031£6,310.77 £5,625.32 £194,149.50 
2032£6,128.09 £5,807.99 £188,341.51 
2033£5,939.49 £5,996.60 £182,344.91 
2034£5,744.75 £6,191.33 £176,153.58 
2035£5,543.70 £6,392.38 £169,761.20 
2036£5,336.12 £6,599.97 £163,161.23 
2037£5,121.79 £6,814.29 £156,346.93 
2038£4,900.51 £7,035.58 £149,311.36 
2039£4,672.04 £7,264.05 £142,047.31 
2040£4,436.15 £7,499.94 £134,547.38 
2041£4,192.60 £7,743.49 £126,803.89 
2042£3,941.14 £7,994.94 £118,808.95 
2043£3,681.52 £8,254.57 £110,554.38 
2044£3,413.46 £8,522.62 £102,031.76 
2045£3,136.70 £8,799.38 £93,232.37 
2046£2,850.96 £9,085.13 £84,147.24 
2047£2,555.93 £9,380.16 £74,767.09 
2048£2,251.32 £9,684.76 £65,082.33 
2049£1,936.82 £9,999.26 £55,083.07 
2050£1,612.11 £10,323.97 £44,759.09 
2051£1,276.86 £10,659.23 £34,099.87 
2052£930.71 £11,005.37 £23,094.50 
2053£573.33 £11,362.75 £11,731.74 
2054£204.34 £11,731.74 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 180,950

Mortgage Loan to Value

79%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 12,314

Cumulative Rental Profit

£ 123,141

Cost of Purchase

£ 8,450
  • Stamp Duty
    £ 0

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 5,750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 15,286
  • Mortgage Interest
    £ 8,143

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 3,643
  • Letting Fee
    £ 240
  • Maintenance
    £ 2,760
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£ 259,336
  • Final Equity Profit
    £ 136,196

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 123,141

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 374,646

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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