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£235,000
Bedrooms
Bathrooms
For sale with no onward chain a two bedroom semi-detached property with parking and enclosed gardens in this popular and established residential area convenient for Otley centre and Prince Henrys Grammar School.
1 Chippendale Rise is a two bedroom, semi-detached family home dating from the 1930s that benefits from being available with no onward chain.
The house has a through living room and fitted dining kitchen whilst to the upper storey are two first floor bedrooms and house bathroom.
All main services are installed including gas fired central heating and sealed unit double glazing.
To the propertys front is a parking area and to the rear are enclosed lawned gardens, ideal for summer entertaining and childrens games.
Chippendale Rise is one of Otleys most sought after residential locations being handily placed for local primary schools and the highly regarded Prince Henrys Grammar School. Local walks and countryside are nearby whilst across the river are numerous facilities found in Otley centre.
The town is justifiably popular for the commuter being readily accessible for the Yorkshire business centres of Leeds, Harrogate and York, and handily placed for the national motorway network. Leeds/ Bradford International Airport is only a short drive away providing access further afield and regular train services to Leeds and Bradford are found at nearby Menston railway station.
Local Authority & Council Tax Band
Leeds City Council
Council Tax Band A
Tenure, Services & Parking
Freehold
All mains services
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
Flooding from groundwater is unlikely in this area
Flooding from reservoirs is unlikely in this area.
From Dacre, Son and Hartleys office turn right along Kirkgate and over the traffic lights across the River Wharfe bridge. Turn right onto Farnley Lane and then take the left turning onto Chippendale Rise where the property will be seen after a short distance on the right 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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