3 bedroom detached for sale

£600,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

A superb split level, three bedroom, well planned family home having a very contemporary feel with a spectacular sitting room, dining room, fitted kitchen, WC and separate cloakroom, three bedrooms and a substantial garage to the lower storey. The property has ample parking and well designed gardens, in a quiet, child friendly cul-de-sac, close to open countryside yet convenient for Bramhopes array of village amenities.

The owner of 3 Hall Close should be commended on the thought and imagination put into the design and finish of this detached property. There are five steps between the reception and bedroom space making it suitable for families, a retired couple or indeed a variety of potential age groups.

Over recent years an extensive programme of upgrading has been undertaken, and as the photographs show the living space has pleasant decor with a contemporary feel, ample natural light and up to date services. There are two reception areas with a smart fitted kitchen, as well as three double bedrooms, house bathroom, cloakroom and storage. A particular feature of the property is the very substantial garage to the lower storey which has two electrically operated vehicular doors.

The house is surrounded by easily managed lawned gardens having a substantial sitting out portion that is close to woodland and countryside beyond.

The property is situated in an established and sought after residential area in this regarded north Leeds village. Bramhope offers a range of local shops, a school, a public house, recreation facilities including a bowling green, tennis court, cricket club and village hall, with a wider variety of more extensive amenities found nearby in the active market town of Otley. The village is located approximately 8 miles north of the vibrant city centre of Leeds, as well as being within comfortable daily travelling distance to key business centres including Bradford, York and Harrogate, with the A1/M1 motorway network linking areas further afield. The Leeds Bradford International Airport is nearby in Yeadon and there are railway stations at Horsforth and Weeton.

From the Bramhope office turn left down Breary Lane and at the Leeds Road crossroads turn left. Take the second right onto Hall Rise where Hall Close will be found at the bottom left-hand side with the property located on the left.

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

£ 497700

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 15000
  • 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

£ 47700
  • 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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