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£550,000 Guide Price
Bedrooms
Bathrooms
Situated in an idyllic semi-rural cul-de-sac, this property is a vastly improved, extended and beautifully presented four/five bedroom detached family home offering flexible living space over two storeys ,including a substantial living kitchen, two ground floor bedrooms and a bathroom, two first floor bedrooms, a first storey lounge/fifth bedroom with Juliet balcony, ample parking and delightful gardens.
14 Park Terrace is now a substantial four/five bedroom family home that has been vastly improved and extended over recent years by the present owners. As the photographs show, the fittings, furnishing and dcor of this property are to an excellent standard and the versatile layout over two storeys is ideal for changing family circumstances.
To the ground floor there is a feature living kitchen with high quality appliances and fittings plus a sitting room, music room, useful utility area and intergral garage, two ground floor bedrooms and a bathroom.
To the upper storey are 2 further bedrooms, a lounge/fifth bedroom with French windows to a Juliet balcony plus a shower room.
To the propertys front, the gardens have been reconfigured to provide generous parking facilities and there are charming, enclosed family-friendly gardens to the rear abutting with pleasant views.
Park Terrace enjoys a superb semi-rural location with close proximity to Otley Chevin Forest Park and has delightful views over the mid-Wharfe valley towards Almscliffe Crag. This provides an excellent opportunity to combine semi-rural living for those with both outdoor interests but also within close proximity to local amenities in Bramhope, Pool in Wharfedale and Otleys market town is close by.
Otley itself features excellent schooling, recreational and shopping facilities and is strategically located for comfortable daily travelling into Yorkshires key commercial centres including Leeds, Bradford, Harrogate and York. The acclaimed A1/M1 link road enables areas further afield to be more accessible and there is the added advantage of Leeds/Bradford International airport at nearby Yeadon.
Leave Otley in a southerly directly on the A660 Leeds Road. At the Dyneley Arms traffic lights turn right onto the A658, then turn right at the first turning onto Old Pool Bank. Take the first left onto Quarry Farm Road and then the second right onto Park Terrace, where the property will be found half way down on the left hand side, identified by our for sale board.
Map location is not available for this property.
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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