6 bedroom detached for sale

£500,000 Guide Price

6

Bedrooms

3

Bathrooms

Floorplan

Delightfully situated on a private road of just two properties is this six bedroom detached home offering quality family living accommodation situated in an idyllic location on the edge of Allerton village.

A well presented and modernised six bedroom detached residence offering quality family living accommodation which is planned over three floors. The executive style detached home offers good quality fixtures and fittings throughout and only an internal inspection will reveal the versatility of this fine home. The property enjoys a private lane to the front with parking for multiple vehicles and a detached garage, central heating throughout, UPVC double glazing and recently modernised kitchen. An early viewing is highly recommended as we expect the property to appeal to a wide array of discerning purchasers.

The accommodation briefly comprises reception hallway with under stair storage, good sized lounge with french doors to the dining room, shower room and the modern fitted kitchen with breakfast bar, french doors to the rear and access to a good sized utility room, all to the ground floor. The first floor houses house master suite with fitted robes and ensuite shower room, three further double bedrooms and the house bathroom. On the third floor are two large bedrooms with eaves storage around, one currently used a further living room and office. Externally the property is approached along a private lane shared with just one other home that leads to driveway with parking for multiple vehicles that leads to the detached garage. At the rear is a good sized patio area with a mature lawn surrounded by beds and shrubs.

The property is delightfully situated within the popular resdiential location on the edge of Allerton village with Sandy Lane nearby. Sandy Lane and Allerton offer a range of shops and amenities, traditional public houses and well respected primary school. The location is surrounded by scenic countryside and easy access into the towns of Bingley and Shipley both of which benefit from a range of shops and amenities, bars, restaurants and excellent road and rail links to many West and North Yorkshire business centres which include Bradford and Leeds.

From Sandy Lane proceed along Prune Park Lane and then follow Allerton Lane in the direction of Bradford. As you go past the recreation ground turn left on to Ivy Lane and then right on to Old Apple Tree Lane.

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 415200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 40200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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