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£350,000 Guide Price
Bedrooms
Bathrooms
Available with no onward chain - a two bedroom detached bungalow with several improvements but now in need of cosmetic TLC with useful boarded and naturally lit roof void, adjoining garage and pleasant lawned gardens in this quiet, rural cul-de-sac abutting open countryside and convenient for Otley, North Leeds and the West Yorkshire conurbations.
We are informed that Hillside was built in the 1920s of brick, set under a Rosemary tiled roof with the benefit of all main services.
As the photographs show the property needs improvement yet has a modern heating system including combi boiler, air conditioning and sealed unit double glazing.
The accommodation includes a front entrance area, sitting room and kitchen, together with two bedrooms and bathroom, as well as storage and an adjoining large single garage with up an over door. There is a hatch to a boarded and naturally lit roof void, suitable for extension of the living space (subject to the necessary consents).
Outside is a garden and driveway to the front whilst the majority of the garden is found to the rear, being level, lawned and enclosed.
The property is situated on a private cul-de-sac which is owned by a neighbouring property allowing access from the A660 to Hillside, its drive and garage with no on road parking. It sits on the outskirts of Pool in Wharfedale in this select location just off Old Pool Bank Road.
Pool itself offers a wide array of village amenities including a chemist, village shop/post office, public house, primary school, churches, sports and social club etc. and is also on the banks of the River Wharfe.
A wider range of recreational and educational facilities are found in the well known market town of Otley and include several national supermarkets and high quality shops.
The surrounding business centres of both North and West Yorkshire are within daily travelling distance with Leeds/Bradford International Airport situated at nearby Yeadon.
Local Authority & Council Tax Band
Leeds City Council
Council Tax Band D
Tenure, Services & Parking
Freehold
All mains services including double glazing, gas central heating and air conditioning unit
Driveway and garage
Internet & Mobile Coverage
For information on Internet and Mobile coverage access the Ofcom website from this link
Flooding
For information on flood risks please use this link Check for flooding in England - GOV.UK
Leaving Dacre, Son & Hartleys Otley office proceed in an easterly direction along Bondgate following the road round to the right which in turn becomes Gay Lane. Follow the road to the left and continue onto Leeds Road. At the roundabout take the first exit and continue along Leeds Road. Continue on and immediately before the K T Green garage on the right hand side turn right into the cul-de-sac identified by our For Sale board. The property can be found at the top of the road on the right hand side'
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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