4 bedroom detached for sale

£575,000 Guide Price

4

Bedrooms

2

Bathrooms

A real hidden gem in a great backwater setting a modern, impeccably appointed and very well planned spacious four bedroom detached family home with private gated driveway providing ample parking, garage with storage above and easily managed enclosed gardens .

This property truly is a hidden gem, discreetly tucked away with a private gated driveway.

A double fronted modern house with living space arranged over two storeys which is well thought out and impeccably presented throughout making it ideal for a growing family.

To the ground floor is a through sitting room with French windows providing access to the rear garden, a fitted breakfast kitchen having an array of appliances, a dining rooms, a utility room and useful downstairs WC.

To the upper storey are four bedrooms of varying sizes, one with an en suite and a house bathroom.

Outside there is parking for several cars and an out built garage with vehicular and pedestrian doors and very useful void storage above with a pull down ladder, the house is also surrounded by well established easily managed enclosed gardens.

As previously mentioned, the property is situated in this quiet backwater position on the north side of Otley, close to local primary schooling and the well-regarded Prince Henrys Grammar School.

Otley itself offers an excellent range of shopping and recreational facilities and is ideally placed for comfortable daily commuting to the surrounding business centres of both North and West Yorkshire. Leeds/Bradford International Airport is situated at nearby Yeadon.

Local Authority & Council Tax Band
Leeds City Council
Council Tax Band E

Tenure, Services & Parking
Freehold
All mains services, double glazing, gas central heating and water meter.
Gated 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 - High
Rivers & the Sea - High
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. Continue straight across the river and up Billams Hill. Take the 2nd turning on the right onto Oatlands Drive, continue straight on where the road turns left and you will enter a private road where, after a short drive the property will be seen in front of you.

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Local Authority & Council Tax Band
Leeds City Council
Council Tax Band E

Tenure, Services & Parking
Freehold
All mains services
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 - High; Rivers & the Sea - High; Groundwater - Flooding from groundwater is unlikely in this area; Reservoir - Flooding from reservoirs is unlikely in this area.

Map location is not available for this property.

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

£ 477075

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
    £ 14375
  • 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

£ 45825
  • 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

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

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