Wells Walk, Ilkley, West Yorkshire, LS29

1 /13
Available / For Sale

Dacre Son & Hartley Agricultural

1-5 The Grove, Ilkley, West Yorkshire

3 bedroom terraced for sale

£825,000 Guide Price

3

Bedrooms

3

Bathrooms

Floorplan

Enjoying a town centre position, this exceptional character conversion provides spacious accommodation with the convenience of off street parking and garden, only a short walk from a wide range of local amenities and the beautiful countryside of Ilkley Moor.

This exclusive conversion of just three character properties is ideally positioned in this much sought after area within easy walking distance of Ilkley town centre and its wide range of amenities and the stunning Ilkley Moor.

The accommodation which is arranged over three floors includes to the upper ground floor, an entrance hall leading into a high specification dining kitchen with central island unit and access to a separate utility room, an impressive living room of excellent proportion, featuring full drop windows providing good levels of natural light. To the ground floor and with direct access to the outside space is what is currently being used as a living room with fitted media unit, but would also work perfectly well as a third bedroom, and a separate shower room. To the first floor are two beautifully appointed double bedrooms both having access to their own luxury en suites.

To the outside and to the front is a block paved driveway for off street parking with an enclosed courtyard providing a pleasant seating space enjoying a southerly aspect. To the rear is a larger landscaped garden with direct access from the ground floor and personal access to Albany Walk.

Ilkley is a bustling and justifiably popular Victorian spa town set in the heart of Wharfedales stunning open countryside - equally the town is well placed for the West Yorkshire commuter with good road links throughout the area, and the towns Metro railway station offers frequent services throughout the day into the local cities of Leeds and Bradford.

Ilkley is well known for its first-class shopping environment but also features cultural amenities, a busy social round and a number of well-regarded sports clubs including those catering for golf, tennis, hockey, rugby and squash. The surrounding moors and open countryside offer an excellent opportunity for those who enjoy rural pursuits.

Agents Notes:

The property is located within the Ilkley conservation area.

Tenure
Freehold.

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

Services
All mains services are installed. Gas-fired boiler.

Parking
Off street parking space

Internet and Mobile Coverage
FTTP broadband connection.
The Ofcom website shows internet available from at least 1 provider. Outdoor mobile coverage (excl 5G) available 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.

From the Dacre, Son & Hartley Ilkley office proceed up Wells Road, taking the first turning right going straight ahead onto Queens Drive before immediately turning right onto Wells Walk and immediately left onto the cobbled street where the property will be found on the right hand side.

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

£ 683325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 20625
  • 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

£ 64575
  • 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

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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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