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1-5 The Grove, Ilkley, West Yorkshire
£295,000 Guide Price
Bedrooms
Bathrooms
Enjoying a fantastic central town location only a moments walk from many of the towns amenities and transport links, is this smartly appointed and generously proportioned two double bedroom first floor apartment with the advantage of a private west-facing balcony providing elevated views and the convenience of an allocated parking space.
Forming part of this successful conversion of just three apartments is this spacious first floor apartment with the advantage of a designated parking space.
The accommodation in briefing includes a communal entrance vestibule and useful storage cupboard. Upon entering the apartment there is an entrance hall, good sized sitting room, modern fitted dining kitchen with door leading out to the west-facing balcony, two double bedrooms and house bathroom.
The property enjoys an incredibly convenient location just a couple of hundred yards or so off Ilkleys main shopping street The Grove. The former Victorian spa town of Ilkley enjoys a lovely setting in the heart of some of Yorkshires most stunning countryside a location which provides ready access to the Yorkshire Dales and the rugged moors, whilst being an ideal base for the regional business traveller. From Ilkleys town centre railway station there are frequent services throughout the day into the cities of Leeds and Bradford, and an international airport is only some 12 miles drive away. Ilkley is renowned for its first class shopping and excellent social and recreational amenities. A broad choice of first class restaurants and tearooms cater for a busy social round, whilst for the more energetic there are sports clubs for a wide range of interests including golf, rugby, tennis and squash.
Agents Notes:
Tenure:
Leasehold
Terms of Lease: 999 years commencing on and including 1 January 2014
Service Charge: Payment of approximately 400 per year to cover the insurance and fire maintenance.
Maintenance costs to the building are shared between the four properties with 30% of the costs payable by this property
Annual Ground Rent: 3
Keeping of pets: the lease permits only the keeping of birds, fish or small animals in cages/tanks or, with the Landlords prior written permission, one dog and/or one cat.
The property is located within the Ilkley conservation area
An external door that leads to the entrance of the property is shared with Flat 3
Local Authority & Council Tax Band:
The City of Bradford Metropolitan District Council
Council Tax Band C
Services:
All mains services installed with gas fired central heating
Parking:
One allocated parking spaces
Internet & 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 - Flooding from reservoirs is unlikely in this area.
From Dacre, Son and Hartleys office proceed down The Grove, turn left onto Riddings Road where the property will be found after a short distance on the left hand side.
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.
1-5 The Grove, Ilkley, West Yorkshire
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