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£925,000 Guide Price
Bedrooms
Bathrooms
One of Otleys finest central properties, a magnificent and substantial double fronted detached stone built home, reputed to date from 1704. Recently subject to a massive programme of renovation in 2024 including an extension benefitting from ample parking, single garage/store and superb southerly facing family friendly gardens.
Cambridge House is a handsome detached home reputed to date back from 1704.
It has been recently renovated by respected local firm Messrs. Basil, Houldsworth & Sons Ltd who have retained its inherent character whilst making improvements that provide a good balance of traditional and contemporary living. For a full breakdown of improvements that have been undertaken, including regulations, insulation and building works, please ask the selling agent.
The house has been re-roofed along with insulation, new gutters, sash windows and FENSA certified windows, as well as full rewire and plumbing which includes a pressurised unvented system with wet underfloor heating to the kitchen and utility extension.
To the ground floor is a superb family kitchen with an extensive array of quality units, dining room, snug study/bedroom as well as four first floor bedrooms, two with en-suites and a house bathroom.
The property is approached through remote controlled electrically operated gates and has a garage/store to the rear and ample parking, whilst to the front are southerly facing superb lawned gardens with fine views towards Otley Chevin that are ideally suited for outdoor entertaining and childrens games/sports.
Conveniently placed for Otley town centre which provides a good range of shopping, schooling and recreational facilities and is ideally placed for comfortable daily travelling into the surrounding business centres of both North and West Yorkshire. Leeds/Bradford International Airport is situated at Yeadon and the Metro railway station is situated at Menston.
Local
Authority & Council Tax Band
Leeds City Council
Council Tax Band G
Conservation area
Tenure, Services & Parking
Freehold
All mains services
Driveway and Garage
Internet & Mobile Coverage
Information obtained from the Ofcom website indicates that an internet connection is
available from at least one provider. Outdoor mobile coverage (excluding 5G) is also
available from at least one of the UKs four leading providers. Results are predictions
and not a guarantee. Actual services may be different depending on particular
circumstances and the precise location of the user and may be affected by network
outages. For further information please refer to:
From Dacre Son & Hartleys Otley Office turn left, along Bondgate and onto Gay Lane. The property will be seen on the right-hand side at the junction with East Chevin Road and can be 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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