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1-5 The Grove, Ilkley, West Yorkshire
£215,000 Guide Price
Bedrooms
Bathrooms
This one bedroom apartment offers an excellent opportunity to purchase this fantastic property in this over 60s development. The apartment has 24 hour support and care available if required, offering independent living with total peace of mind.
Emmandjay Court is a purpose built development of 56 apartments.
The accommodation briefly comprises; living room, fully fitted modern kitchen with fan assisted oven, electric hob, extractor hood, fridge/freezer and dishwasher, double bedroom and wet room. The apartment has the benefit of specialist flooring in the kitchen and bathroom to reduce slip hazards, raised power points, security optical door viewer and 24 hour emergency assistance call system.
The development is situated close to public transport links, shops, post office and a newsagent. The development offers the privacy and pleasure of your own home within a friendly community, 24 hour specialist care and support, safety and security features, and a social programme of activities and events for the residents enjoyment.
Shared communal facilities include: residents lounge with IT facilities; platinum room with library facilities; en-suite guest room; assisted bathroom; shared gardens for outdoor enjoyment and caf bistro.
Specialist features include an on-site care team available 24 hours a day, optional flexible quality care if needed, an extensive social programme, 24 hour emergency assistance, and optional daily contact for assurance.
Agents Notes:
Tenure
Leasehold
125 year lease from and including 1st January 2012.
Service charge of 402.29 per calendar month payable in advance for the month ahead.
Ground rent between 345.12 to 518.66 per annum.
Wellbeing charge of 375.21per calendar month payable in advance for the month ahead.
A contribution to the Contingency Fund is payable on sale or a transfer of ownership. The Fund covers spending for the repair or renewal of communal areas, roofs, lifts, etc. The contribution is 1% of the open market value of your apartment at the point of sale/ transfer, for each year or partyear of ownership.
Services
Mains electricity, water and drainage are installed.
Electric central heating.
There is no gas connection to the property.
Parking
Residents car park.
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 - Flooding from reservoirs is unlikely in this area
From Dacre, Son & Hartley Estate Agents head south on Wells Road towards Whitton Croft Road. Turn right onto Queens Road, then turn right at the first cross street onto Wells Promenade. Take the turning right onto Station Road/B6382 and go through the roundabout. Take the turning left onto Valley Drive and turn right into Emmandjay Court.
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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