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£575,000 Guide Price
Bedrooms
Bathrooms
Available with no onward chain a generous four bedroom detached home located in this ever popular and sought after residential area with double garage, ample parking and southerly facing rear gardens.
8 Riverside Avenue is for sale with the advantage of having no onward chain, located in a desirable cul-de-sac position. The property is very well suited for a family and is ideally situated for both Prince Henrys Grammar School and The Whartons Primary School.
To the ground floor is a spacious entrance, dining room, fitted kitchen with modern high gloss fronted units and a breakfast bar which includes induction hob, fitted microwave and double oven, off the kitchen is a useful utility room with plumbing for a washing machine and integral door providing entry into the double garage. The living room is of an L shape layout and is southerly facing towards the rear with a patio door leading to the patio area which allows additional sunlight to shine through.
To the first floor are four bedrooms, the master bedroom benefitting from an en-suite bathroom in addition to the house bathroom which has electric underfloor heating.
Outside to the front is a driveway, useful patio area and double garage whilst to the rear there is a southernly facing generous sized garden and patio area boasting spectacular views towards Otley Chevin
All mains services including gas central heating and triple glazing.
Riverside Avenue is part of the Riverside Park development, one of the towns most sought after areas and is situated on the very fringe of the town with some delightful countryside walks on the doorstep.
Otley is a historic market town and sits on the banks of the River Wharfe with fantastic links to the major cities via road, rail or plane with Leeds Bradford Airport a short drive away.
There are three national supermarkets and a good variation of independent shops, restaurants and cafes.
Local Authority & Council Tax Band
North Yorkshire Council
Council Tax Band F
Tenure, Services & Parking
Freehold
All mains services, gas central heating and triple glazing
Driveway and double 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 - Low Rivers & the Sea - Very low Groundwater - Flooding from groundwater is unlikely in this area; Reservoir - Flooding from reservoirs is unlikely in this area.
Leave the centre of Otley in a northerly direction crossing the River Wharfe taking the first main turning on the right into Farnley Lane. Proceed past Prince Henrys Grammar School, up the hill and take the second entrance on the right, by the post box, into Riverside Crescent. After a short distance take the second left on to Riverside Avenue and the property will be identified by our For Sale Board.
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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