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£700,000 Guide Price
Bedrooms
Bathrooms
Located in one of the areas finest locations with stunning views over the surrounding countryside, a greatly improved and extended three bedroom attached cottage with useful study and recently built snug having southerly facing gardens all handily placed for Otley and Ilkley.
Available with no onward chain 1 Manor Cottages is one of the finest properties placed on the market by this office in recent years.
As the photographs show the property has a wealth of period charm including exposed timber work and fireplaces etc, yet it has been vastly extended, reconfigured and modernised over recent years by the present owners, including the construction of a useful ground floor snug area.
There is a substantial open plan family kitchen split into cooking, dining and seating areas, a living room and aforementioned snug, plus a utility and downstairs WC. To the upper storey are three bedrooms, one with a recently installed en-suite together with a study area and house bathroom.
The property benefits from partial under floor oil fired heating mains water, electricity and a recently installed private drainage system treatment plant serving this and three neighbouring properties.
Were advised by our vendors there are two parking spaces found to the rear of the property which are on a long term informal basis (more information to follow) with the benefit of an EV charging point.
The property is situated in the heart of the hamlet of Weston, an area of outstanding beauty, close to its historic church between the Wharfedale towns of Ilkley and Otley. Both towns have a highly regarded state schooling system for primary and secondary ages as well as quality supermarkets, retail outlets, numerous leisure facilities, bars and restaurants.
Ilkley has regular train services to both Leeds and Bradford whilst Leeds/Bradford International Airport is located at nearby Yeadon.
Leave the centre of Otley in a northerly direction, crossing the river and continuing straight up Billams Hill. Take the first turning on the left onto Weston Lane and Continue along this road heading towards Askwith, the hamlet of Weston will be identified by the signpost. Take the right turning onto Moor Lane and continue up Moor Lane for approximately half a mile where the property will be seen on the right hand side identified by a Dacre, Son & Hartley 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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