5 bedroom detached for sale

£895,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

A superb newly built stone fronted detached family home with living space arranged over three storeys, extensive child friendly southerly facing gardens, ample parking plus a substantial garage all in very close proximity to Otleys array of amenities.

Oxford House has just been built by highly regarded local company Messrs. Basil Houldsworth & Sons Ltd and is one of two similar properties located in this discrete, yet central location. Oxford House is approached by electrically operated period gates which lead to a communal driveway providing ample parking.

The stone fronted house, as one would expect from a new property is fully double glazed and has ultra-modern services throughout. This includes solar panelling, EV car charging point, central heating system and wet underfloor heating downstairs. The property also benefits from a security alarm, BT full fibre connection and remote controlled electrically operated gates as aforementioned.

To the ground floor of the property is the superb dining kitchen with two roof lanterns and bifold doors leading to the rear garden. This floor also benefits from a substantial utility as well as a lounge, separate snug and downstairs WC

To the middle storey are four bedrooms one with ensuite and the house bathroom whilst to the upper level is the master suite with ensuite facilities and ample under eaves storage. The living space stretches to over 2500 square feet (232.26 square meters).

Outside are delightful southerly facing gardens which are mainly lawned and have handsome views up towards Otley Chevin. There is a substantial garage with stairs up to a mezzanine providing a useful space for a study/playroom if desired.

Oxford House is conveniently placed for Otley town centre which provides a good range of shopping, schooling and recreational facilities and within comfortable daily travelling into the surrounding business centres of both North and West Yorkshire. Leeds/Bradford International Airport is situated at Yeadon only 3 miles away and the nearest railway station is situated at Menston only 2.5 miles away

Local Authority & Council Tax Band
Leeds City Council,
Council Tax Band G

Tenure, Services & Parking
Freehold
All mains services, solar panels and underfloor heating
Driveway and garage

Internet & Mobile Coverage
The Ofcom website shows internet available from at least 1 provider. Outdoor mobile coverage (excl 5G) likely from at least 1 of the UKs 4 main providers. Results are predictions not a guarantee & may differ subject to circumstances, exact location & network outages

Flooding
Check for flooding in England - GOV.UK indicate the long term flood risks for this property are: - Surface Water - Very low; Rivers & the Sea - Very low; Groundwater - Flooding from groundwater is unlikely in this area; Reservoir - Flooding from reservoirs is unlikely in this area.

From Dacre Son & Hartleys Otley Office turn left, along Bondgate and onto Gay Lane, turn right onto East Chevin road. The property will be seen on the right-hand side and can be identified by our For Sale Board.

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

£ 741075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 22375
  • 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

£ 69825
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message