Poole Row, Burton Salmon, Leeds, North Yorkshire, LS25

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Available / For Sale

4 bedroom barn conversion for sale

£675,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

This impressive four bedroom barn conversion (1980 sqft) is the largest of just three high quality homes being created from a range of period farm buildings by one of the areas leading developers in a peaceful hamlet within close striking distance of excellent motorway links.

The conversion of the Manor Farm barns is the latest project by D & J Poulter Builders Limited who are highly regarded throughout the region for the quality of their developments, attention to detail and customer care.

They are providing a clever blend of period features with modern creature comforts as can be witnessed by the specification within these sales particulars.

A large open plan family sitting / dining room has bi fold doors leading to courtyard style garden areas and the high quality kitchen will feature and extensive provision of bespoke fittings and integrated appliances., There is the additional comfort of a separate utility room and ground floor shower room.

At first floor level a principal bedroom has its own ensuite facility and three further double family bedrooms are served by a stylish house bathroom.

Front and rear gardens are laid out with ease of maintenance in mind with allocated parking for residents and visitors .

Poole is a charming, unspoilt hamlet on the edge of Burton Salmon, which offers a primary school, a village hall, and a traditional public house. This peaceful village on the southern borders of North Yorkshire with outstanding communication links to the major commercial centres of the county and further afield, being only two miles from the A1(M) link road and M62.

The busy commuter will further appreciate the tranquillity of Poole Lane and its proximity to rolling open countryside.



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

£ 559575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 16875
  • 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

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£

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

£ 53325
  • 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

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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