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273 Otley Road, West Park, Leeds
£820,000 Guide Price
Bedrooms
Bathrooms
An immaculately presented detached property offering high specification throughout, the property has been improved by the current owners and would make an ideal purchase for family buyers looking to settle down in this highly desirable residential area of Adel.
This beautifully presented and elegant five bedroom property which has been built with space and versatility in mind, with bespoke modern fixtures and fittings making it a splendid family home. The property features a generous enclosed rear garden along with ample parking on the drive for four cars. The garage has been converted into a play room/games room/home office. The property is situated in this very pleasant and convenient location of Adel and briefly comprises of welcoming reception hall, cloaks / guest wc, living room with feature fireplace, dual aspect windows and patio doors to the rear elevation. Double doors leading into the dining room with underfloor heating, bay window and further double doors opening into the kitchen diner, which is a great space to entertain with family and friends with built in appliances and ample worktop space, large island with breakfast seating, continued underfloor heating and Bi-folding doors providing access to the garden. Off the kitchen is a separate utility with side access. There is also a further reception room to the front elevation which is an ideal playroom or second sitting room overlooking the front garden To the first floor via the galleried landing splitting both ways at the top there are five bedrooms, four of which have fitted wardrobes, and two bedrooms have modern ensuite shower rooms. There is also a further modern family bathroom with four piece suite. Externally, the property is positioned on a nice size plot, with a lovely open aspect to the front with ample parking, lawn, and shrubs and to the rear; a low maintenance, enclosed garden with patio and astroturf providing a private and secure area for children and pets. The property stands within this highly sought after residential area in the heart of Adel, conveniently situated in this highly sought after residential location to the north of Leeds only minutes from spectacular Yorkshire countryside. There are many amenities nearby including a wide range of shops, excellent schools and recreational facilities, and the property is ideally placed for travelling into the centre of Leeds. The Leeds outer ring road is nearby, enabling easy access to the surrounding business centres of Bradford, Harrogate and York and the national motorway network (M1, M62 and A1). Leeds/Bradford International Airport is situated at nearby Yeadon.
Tenure, Services & Parking
Freehold
Large driveway for ample parking
Main Electricity, water, drainage and gas are installed.
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:
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.
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