5 bedroom detached for sale

£665,000 Guide Price

5

Bedrooms

1

Bathrooms

Floorplan

A substantial detached five bedroom family home with massive potential for further improvement. Benefits from a double garage with power, parking for several cars, and a large mature garden around the house. Located in the highly regarded village of Cookridge and in walking distance from Horsforth Station. Viewing is highly recommended.

We are delighted to be marketing this large detached family home with massive potential. It is a very substantial detached property that has accommodation stretching to approximately 2500 square feet (233 square metres) and includes four reception areas including a 29 foot living room. To the upper storey are four double bedrooms and one single bedroom and a house bathroom. The accommodation benefits from all main services including gas fired central heating. The property is now in need of some updating. Sitting on a plot of 0.13 hectares/0.34 acres, the property boasts substantial mature gardens with lawns, sitting out areas, ample parking and a detached garage.

The property is located in one of the most sought after areas of Cookridge village. The local Cookridge Hall Leisure and Golf Club offers excellent leisure facilities. The property is very close to countryside with many walks in the area. Cookridge is also strategically located close to further facilities including Horsforth with its abundance of restaurants, bars and train station. The outer ring road is within comfortable reach and leads to the national motorway network making Yorkshires key areas more accessible by road. Leeds Bradford International Airport is nearby and the fashionable spa towns of Harrogate and Ilkley are readily accessible along with the traditional market town of Otley.

From Dacre, Son and Hartleys Bramhope office proceed up to the village crossroads turning left onto Moor Road. Follow this road into Cookridge Lane and over the speed bumps before turning right at the small roundabout onto Tinshill Road, the driveway to this property can be found on Hillcrest Rise, proceed up Hillcrest Rise, to second turning on the left the property is approximately 50 yards on the right hand side identified by our for sale board.



Features
  • Freehold

Mortgage Calculator

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

Monthly Payment: £2,875.90

Total Interest: £370,325.68

Overall Total: £1,035,325.68

Amortization For Monthly Payment: £2,875.90 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£21,084.21 £13,426.64 £651,573.36 
2026£20,648.20 £13,862.65 £637,710.70 
2027£20,198.03 £14,312.82 £623,397.88 
2028£19,733.24 £14,777.61 £608,620.27 
2029£19,253.36 £15,257.49 £593,362.77 
2030£18,757.90 £15,752.96 £577,609.82 
2031£18,246.34 £16,264.51 £561,345.31 
2032£17,718.18 £16,792.68 £544,552.63 
2033£17,172.86 £17,337.100 £527,214.63 
2034£16,609.83 £17,901.02 £509,313.61 
2035£16,028.53 £18,482.33 £490,831.28 
2036£15,428.34 £19,082.52 £471,748.76 
2037£14,808.66 £19,702.19 £452,046.57 
2038£14,168.86 £20,341.99 £431,704.58 
2039£13,508.29 £21,002.57 £410,702.01 
2040£12,826.26 £21,684.60 £389,017.41 
2041£12,122.08 £22,388.77 £366,628.64 
2042£11,395.04 £23,115.82 £343,512.82 
2043£10,644.39 £23,866.47 £319,646.36 
2044£9,869.36 £24,641.50 £295,004.86 
2045£9,069.16 £25,441.69 £269,563.17 
2046£8,242.98 £26,267.87 £243,295.29 
2047£7,389.97 £27,120.88 £216,174.41 
2048£6,509.26 £28,001.60 £188,172.82 
2049£5,599.95 £28,910.91 £159,261.91 
2050£4,661.11 £29,849.74 £129,412.16 
2051£3,691.78 £30,819.07 £98,593.09 
2052£2,690.98 £31,819.88 £66,773.22 
2053£1,657.68 £32,853.18 £33,920.04 
2054£590.82 £33,920.04 £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

£ 538,825

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 36,299

Cumulative Rental Profit

£ 362,993

Cost of Purchase

£ 40,075
  • Stamp Duty
    £ 20,750

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

  • Refurbishment Budget
    £ 16,625
  • 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

£ 43,501
  • Mortgage Interest
    £ 24,247

    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)
    £ 10,534
  • Letting Fee
    £ 240
  • Maintenance
    £ 7,980
  • 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

£ 741,133
  • Final Equity Profit
    £ 378,140

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

  • Cumulative Rental Profit
    £ 362,993

    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

£ 1,083,215

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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