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£350,000 Offers over
Bedrooms
Bathrooms
A spacious four bedroom detached dormer bungalow with scope for improvement having a private rear garden, single garage and glorious views across the Wharfe Valley.
23 Milner Bank, Otley has been a much-loved home for many years and is now ready for its new owners to enjoy.
Located in a much sought after location on the outskirts of Otley, within walking distance of Otley Golf Club and a short drive to Menston train station and Sainsburys supermarket.
Now in need of some TLC this property offers spacious accommodation ideal for a growing family with gardens to the front and rear, off street parking and a single garage.
To the ground floor is a welcoming entrance hall leading to the sitting room with views out towards the front elevation over the valley, bedroom, dining room (bedroom four), kitchen and large timber-built porch/sun room with access to the rear garden.
Upstairs you will find two further bedrooms with useful under eaves storage.
Otley Chevin provides a wonderful backdrop with access to the countryside from your doorstep.
Milner Bank is a sought after residential neighbourhood located within easy reach of nearby amenities along Bradford Road including a local shop and bus services. The neighbouring village of Menston has a railway station a little over a mile away with mainline commuter links to Leeds, Bradford and beyond. Otleys nearby active market town centre offers a good range of shops, Waitrose, Sainsburys and Asda supermarkets, numerous recreational facilities and schools in all age groups including the highly regarded Prince Henrys Grammar school.
North and West Yorkshires business centres including Leeds, Bradford, Harrogate and York are within comfortable daily travelling distance by road and there is the Leeds/Bradford International Airport at nearby Yeadon.
Local Authority & Council Tax Band
Leeds City Council
Council Tax Band E
Tenure, Services & Parking
Freehold
All mains services including double glazing and gas central heating. Water meter
Single Garage, off street parking
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
Leave the centre of Otley in a westerly direction along Bradford Road. Continue straight ahead at the roundabout and after approximately half a mile turn left onto Milner Bank, where following the road round, the property will be seen 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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