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273 Otley Road, West Park, Leeds
£199,950 Guide Price
Bedrooms
Bathrooms
A superb two bedroom apartment in this exclusive development, the property is built to a high specification including a lift to all floors, secure under house garaging, Well presented throughout, ready to move straight in! No onward chain.
A modern, first floor, 2 bedroom, 2 bathroom apartment located within this highly regarded development in Far Headingley, close to Headingley centre, a vibrant hub with extensive amenities. Entered via a secure fob entry system on the ground floor with stairs and lift access to all floors including the residents parking. The apartment briefly comprises of hallway with two useful storage cupboards, one of which houses the boiler. Open plan and spacious living kitchen area with access to the balcony. The kitchen is very nicely presented with a range of wall and case units, integrated appliances and complimentary work top. The master bedroom is a good size double with fitted wardrobes and ensuite shower room. There is a further double bedroom and a three piece family bathroom suite with shower over bath. Externally there are communal grounds and a dedicated parking space. An early viewing is recommended to appreciate the sizeable accommodation, its versatility and the sought-after location.
Located just off Otley Road, this is a very popular development of modern apartments and town houses. Leeds City centre is just 3 miles from here. The Ring Road and motorway network beyond is accessed from Lawnswood less than 1 mile from the doorstep. Headingleys Arndale Centre is within a 10 minute walk from Carisbrook Road where a range of shops, amenities, restaurants, and bars can be found. Otley Road is a main bus route for local public transport.
Tenure, Services & Parking
Leasehold
Parking for 1 vehicle in resident undercroft parking plus residents permit for a second vehicle.
All mains services connected
No pets
Leasehold information
Ground Rent peppercorn
Service Charge 2831.00 per annum
Term : 999 years from 29.9.2002
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.
273 Otley Road, West Park, Leeds
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