Greenholme Mills, Iron Row, Burley In Wharfedale, Ilkley, LS29

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Available / For Sale

Dacre Son & Hartley Agricultural

1-5 The Grove, Ilkley, West Yorkshire

4 bedroom end of terrace for sale

£729,950 Guide Price

4

Bedrooms

3

Bathrooms

Floorplan

A generously equipped and characterful four bedroom townhouse, enjoying a stunning riverside setting within the impressive Greenholme Mill conversion itself set on the edge of Burley Village within walking distance of central amenities.

The village of Burley in Wharfedale is set amongst some of the areas most stunning countryside and offers a highly desirable living environment, close to the local towns of Ilkley and Otley, as well as being well placed for the business centres of West Yorkshire and Harrogate.

With its vibrant sense of community Burley offers a thriving village atmosphere, supported by a broad provision of every day amenities including local shops, sports clubs, a couple of primary schools as well as a number of pubs and restaurants. The village even has its own metro railway station, positioned within comfortable walking distance of Greenholme Mills, from where there are frequent services throughout the day into the local cities of Leeds and Bradford. There are regular onward connections from the former to London Kings Cross. The surrounding countryside, River Wharfe and rugged moors offer many an opportunity for stunning walks, mountain and road biking and other rural pursuits.

Nearby Ilkley is an elegant former Victorian Spa town, whilst Otley has its roots embedded in the local agricultural community and retains a regular market within the picturesque square. Each town offers an excellent choice of retail, social and recreational amenities along with clubs to suit a variety of interests. Both are accessible from Burley by public transport, whilst for those who need to travel further afield Leeds/Bradford International Airport is only some 7 miles or so distant.

Greenholme Mills enjoys a stunning location on the edge of Burley village from where there are beautiful sweeping aspects across the river towards open countryside and the moors beyond.
Whilst the mills have been in decline for decades, the vision of JF Development Group, working with highly regarded contractor MMR and architects Bowman Riley, has brought us the magnificent scheme which we see today - the conversion of the two substantial Victorian mill buildings - Whitaker and Forster - in to a mix of single, two and three bedroom apartments along with a handful of town houses. Each unit, irrespective of size, is comprehensively and stylishly equipped.

Each of the four townhouse conversions have upper level balconies, substantial raised terraces and covered parking, external balconies providing outside space and a vantage point from which to soak up the every changing views. The site provides generous parking allocation, whilst there are sweeping lawned areas and strategic planting.

Agents Notes:

Tenure
Freehold.

Please note that an estate charge is payable for the maintenance of communal areas. Full details to be confirmed.

Local Authority & Council Tax Band
The City of Bradford Metropolitan District Council, Council Tax Band F

Services
Mains electricity, gas and water are installed. A private estate drainage system connects to mains drainage.

Parking
Undercroft garaging.

Internet and Mobile Coverage
The Ofcom website shows internet available from at least 1 provider. Outdoor mobile coverage (excl 5G) likely from at least 1 of the UKs 4 main providers. Results are predictions not a guarantee & may differ subject to circumstances, exact location & network outages.

Flooding
Check for flooding in England - GOV.UK indicate the long term flood risks for this property are: - Surface Water - Very Low; Rivers & the Sea - Very low; Groundwater - Flooding from groundwater is unlikely in this area; Reservoir - Risk of flooding from reservoirs in this area.

From Ilkley proceed towards Burley and at the roundabout continue on to the bypass. Take the first left turn towards Greenholme Mill and the property is clearly visible to the right after 200 yards.

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

£ 604908.75

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 18248.75
  • 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

£ 57446.25
  • 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

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  %

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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