2 bedroom apartment for sale

£175,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

NO ONWARD CHAIN - A well-proportioned first-floor apartment comprising two double bedrooms, a separate kitchen, a spacious living room, bathroom, and an allocated parking space, conveniently positioned within close proximity to a range of local shops and amenities in Guiseley.

This well-presented first-floor apartment, offering two double bedrooms, is brought to the market with no onward chain and is ready for immediate occupation. Ideally located in the heart of Guiseley, the property enjoys a peaceful position while being just a short walk from a wide range of local shops and amenities.

The accommodation briefly comprises: a private entrance hall, a generously sized living room with space for dining and double doors opening onto a Juliet balcony, and a separate kitchen fitted with a built-in oven and hob, along with space for additional appliances. There are two good-sized double bedrooms and a bathroom fitted with a white suite.

Externally, the apartment enjoys the advantage of a designated parking space, providing convenient and secure off-street parking. In addition, there are visitor parking spaces available for the use of guests. Residents also benefit from access to communal gardens, offering a pleasant and well-maintained outdoor space for relaxation and socialising in a peaceful setting.

Shires Court is an exclusive development of just nine apartments, providing spacious and contemporary living. Each apartment features gas-fired central heating, sealed unit double glazing, and a security intercom entry system. Externally, the development is complemented by attractive communal grounds.

Guiseley has a wealth of local amenities which include highly regarded schools for all ages, an abundance of small shops, retail parks offering Marks and Spencer Food Hall, Next, and Argos, amongst others. An assortment of restaurants for varying tastes, wine bars, Nuffield Leisure complex, Aireborough Sports Centre and other recreational facilities. For the commuter there is a bus service, Guiseley railway station which offers links to Leeds and Bradford and the A65 and the Harrogate Road (A658). The Leeds & Bradford Airport is approx. 10 minute drive away.

Agents Notes
The property is leasehold with the balance of a lease of 125 years from 1st July 2006. The current annual service charge is 960.00 and there is a ground rent of 200.00 per annum.

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

Tenure, Services & Parking
Leasehold. Mains electricity, water, drainage and gas are installed. Domestic heating is from a gas fired combination boiler. Allocated parking space.

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:

From Guiseley proceed along the A65 Otley Road towards Leeds. At the second set of traffic lights turn right into Park Road. Go past the retail park on the left hand side and take the next left hand turning into Shires Road. Follow the road around bearing to the left and the apartments can be found on the left hand side.



Features
  • Freehold

Mortgage Calculator

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 )

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

£ 138325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 4375
  • 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

£ 7075
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    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

£

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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