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£585,000 Guide Price
Bedrooms
Bathrooms
Available with NO ONWARD CHAIN - A thoughtfully planned, beautifully appointed and substantial four bedroom detached family home with full width southerly facing balcony set within this popular and highly regarded development close to Otley centre and the River Wharfe.
23 Mill Way is a modern detached family home, built by respected builders David Wilson Homes Ltd with living space stretching over 1500 sq. ft. arranged over three storeys.
To the ground floor there is an open plan family/dining area with patio doors leading to the garden, a high quality fitted kitchen with a range of appliances and a separate WC and utility area.
To the upper storeys is a large lounge with a full width balcony, being southerly facing and overlooking Otley town towards the Chevin, four double bedrooms, one with an en-suite, another with a Jack and Jill shower room, plus a house bathroom.
Appointments and dcor throughout are to an exceptional standard and the property benefits from all mains services including gas-fired central heating, a security system and sealed unit double glazing and EV charging port.
Outside is a small fore garden and tarmacadam driveway leading to a car port, beyond which is a single garage with light and power which could be converted to a store/smart studio/office subject to the necessary consents. To the rear are level, easily managed, enclosed southerly facing gardens and patio area.
The highly regarded Mill development is handily placed for Otleys wide array of amenities which include three main supermarkets, numerous high quality independent shops, leisure facilities, sporting amenities, restaurants, public houses etc.
There is excellent schooling nearby with outstanding Prince Henrys Grammar School close to hand, and the town is well paced for the commuter with the West and North Yorkshire business centres of Leeds, Bradford Harrogate and York within daily commuting distance. For those travelling further afield, the train station at nearby Menston gives access to Bradford, Leeds and the national railway network whilst Leeds/Bradford International Airport at Yeadon is only a short drive from the property.
LocalAuthority & Council Tax Band
Leeds City Council
Council Tax Band F
Tenure, Services & Parking
Freehold
All mains services including double glazing and gas central heating
Driveway, car port and driveway
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 likely in this area.
From Otley proceed along the A659 eastwards towards Pool in Wharfedale. Drive past Otley Rugby Club, take the turning left onto Garnetts Wharfe and proceed through the development where the property will be seen on the left hand side 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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