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Kings House, 13 High Street, Pateley Bridge, North Yorkshire
£1,250,000 Guide Price
Bedrooms
Bathrooms
An impressive and versatile portfolio of properties in a delightful Nidderdale setting amounting to circa 3.5 acres of gardens, woodland and paddocks with extensive outbuildings : EAST HOUSE - a four / five bedroom period family home (over 2743 sqft) DIPPER BANK - a three bedroom barn conversion (over 1700 sqft) with additional development potential and THE OLD SMITHY - a self-contained one bedroom annexe (530 sqft).
East House is a historically significant Dales home nestling in a peaceful woodland setting which in the 19th Century was a hotbed of industrial activity centred around a thriving flax mill.
After 50 years in the same family ownership this intriguing group of properties now offers the opportunity for multi-generational occupation , a valuable stream of holiday home income or home business use to suit the needs of the new owners who will seek to carry out their own programme of improvement works to these characterful dwellings.
Approached via a private driveway alongside the beck which was the source of power for the local mills EAST HOUSE is a commanding Victorian residence revealing gracious reception rooms, a large family kitchen which connects with a utility / boot room and split level upper floor accommodation providing in all four / five bedrooms and two bathrooms. At lower ground floor level two excellent vaulted cellars ( 16 x 12 and 11 x 9 ) provide useful storage ( Internal floor area 2743 sqft excluding cellars)
At the rear THE OLD SMITHY is a self-contained first floor apartment ; ideal for guest or dependant relative accommodation and comprising an open plan living room / bedroom with kitchen and bathroom (520 sqft) beneath which is located a useful range of store rooms.
To the rear of East House and accessed via a shared courtyard lies DIPPER BANK; an impressive detached barn conversion currently providing over 1800 sqft of living and bedroom space with three reception rooms/ three bedrooms and the potential to develop an additional 1340 sqft of accommodation within an attached barn / mezzanine area and garage ( subject to planning consents). Finally to the rear lies a useful stone outbuilding comprising a carport (146' x 123') and storeroom (149' x 89')
IN RECENT YEARS A REGULAR RENTAL INCOME STREAM OF 24,000 HAS BEEN DERIVED FROM THE OLD SMITHY AND DIPPER BANK AND BOTH PROPERTIES ARE SOLD SUBJECT TO SIX MONTH ASSURED SHORTHOLD TENANCIES - FURTHER DETAILS AVAILABLE ON REQUEST .
Looking from the bridge over Fellbeck towards East House it is difficult to envisage the industrial heritage of the setting which is remarkably convenient for those seeking to access amenities in Harrogate, Ripon or Pateley Bridge with excellent road links into the major commercial centres of West and North Yorkshire.
Mature gardens have been dramatically landscaped over the years with a combination of lawns and woodland connected by cleverly designed pathways above which are situated a woodland area and an enclosed paddock including a stone barn - the total site area amounts to 3.59 acres or thereabouts.
Map location is not available for this property.
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.
Kings House, 13 High Street, Pateley Bridge, North Yorkshire
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