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£450,000 Guide Price
Bedrooms
Bathrooms
Stunning Grade II Listed terrace set in the heart of the World Heritage Site of Saltaire village. Ideally located, with the renowned Salts Mill within easy walking distance. The property three bedroom house has an attractive array of original features and addition of an exceptional ground and lower ground floor commercial space.
A wonderful opportunity to buy this exceptional Grade II listed three bedroom property, located in the heart of the sought after World Heritage village of Saltaire. The property has been lovingly restored and offers attractive living space across three floors, blending character features with the comforts of modern-day living. Its outstanding location is a stones throw from the magnificent Salts Mill and within easy walking distance of Saltaires vibrant range of local amenities and excellent transport links. This historic home is likely to attract a variety of discerning purchasers - early viewing is highly recommended in order to fully appreciate the size and location of this superb property.
The property is entered from Lower School Street to a large stone flagged living room with a useful utility area leading to the stairs to the main living areas on the first and second floors, there is a door to the rear courtyard also. The first floor houses lounge with dual aspect windows across Victoria Hall and Victoria Road, modern dining kitchen with fitted kitchen, master bedroom with fitted wardrobes, modern house bathroom and separate WC. The second floor has two double bedrooms with ample eaves storage around. Externally the property has a stone paved courtyard to the rear while at the front is residents permit parking.
The commercial part of the property is accessed via Victoria Road to the front of the property and has a good size shop on the ground floor. The lower ground floor houses two dressing rooms and two good sized store rooms.
Designated a World Heritage site in 2001, thanks to its historic importance and architectural appeal, Saltaire is a model village with its roots stretching back firmly into the regions textile heritage. The community now provides a highly desirable living environment, set on the banks of the River Aire which, with the adjacent Leeds Liverpool Canal, offers fantastic leisure opportunities as well as easy access to popular primary and secondary schools. Saltaire provides independent & everyday shops, cafes and other amenities alongside Salts Mill, with its unique blend of international art and enticing retail, and the historic Victoria Hall, offering numerous community activities. The local cities of Leeds and Bradford along with the market towns of Skipton and Ilkley are all readily accessible, thanks to frequent services throughout the day from the villages metro railway. Beautiful Pennine countryside, made famous by the Brontes, is just a short drive away as is stunning Wharfedale and the Yorkshire Dales National Park. Leeds Bradford International Airport is just some 9 miles from the village.
Agents Note
The property contains a commercial business space that is to be sold as part of the property as an ongoing concern. Half of the ground floor and the lower ground floor are currently leased to a private business, providing a positive income to the vendor. Lease expires 10/12/2024 but is due to be extended for a further three year term. For further information please contact the agent, Dacre Son and Hartley Saltaire.
From our Saltaire office head along the main road in the direction of Shipley. Turn left on to Victoria Road, continuing over at the junction, and the property will be on your left hand side just after Shipley College.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,946.10
Total Interest: £250,596.32
Overall Total: £700,596.32
Amortization For Monthly Payment: £1,946.10 over 30 years ( Based on 3.20% Interest )
Year | Interest | Principal | Balance |
---|---|---|---|
2025 | £14,267.51 | £9,085.70 | £440,914.30 |
2026 | £13,972.47 | £9,380.74 | £431,533.56 |
2027 | £13,667.84 | £9,685.37 | £421,848.19 |
2028 | £13,353.32 | £9,999.89 | £411,848.30 |
2029 | £13,028.59 | £10,324.62 | £401,523.68 |
2030 | £12,693.31 | £10,659.90 | £390,863.79 |
2031 | £12,347.15 | £11,006.06 | £379,857.73 |
2032 | £11,989.74 | £11,363.47 | £368,494.26 |
2033 | £11,620.73 | £11,732.48 | £356,761.78 |
2034 | £11,239.74 | £12,113.47 | £344,648.31 |
2035 | £10,846.37 | £12,506.84 | £332,141.47 |
2036 | £10,440.23 | £12,912.98 | £319,228.49 |
2037 | £10,020.90 | £13,332.31 | £305,896.18 |
2038 | £9,587.95 | £13,765.26 | £292,130.92 |
2039 | £9,140.95 | £14,212.27 | £277,918.65 |
2040 | £8,679.42 | £14,673.79 | £263,244.86 |
2041 | £8,202.91 | £15,150.30 | £248,094.57 |
2042 | £7,710.93 | £15,642.28 | £232,452.29 |
2043 | £7,202.97 | £16,150.24 | £216,302.05 |
2044 | £6,678.51 | £16,674.70 | £199,627.35 |
2045 | £6,137.03 | £17,216.18 | £182,411.17 |
2046 | £5,577.96 | £17,775.25 | £164,635.91 |
2047 | £5,000.73 | £18,352.48 | £146,283.44 |
2048 | £4,404.76 | £18,948.45 | £127,334.99 |
2049 | £3,789.44 | £19,563.77 | £107,771.22 |
2050 | £3,154.14 | £20,199.08 | £87,572.14 |
2051 | £2,498.20 | £20,855.01 | £66,717.13 |
2052 | £1,820.96 | £21,532.25 | £45,184.88 |
2053 | £1,121.74 | £22,231.47 | £22,953.41 |
2054 | £399.80 | £22,953.41 | £0.00 |
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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