Farnley Lane, Farnley, Otley, North Yorkshire, LS21

1 /13
Available / For Sale

Dacre Son & Hartley Agricultural

1-5 The Grove, Ilkley, West Yorkshire

5 bedroom detached for sale

£2,250,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

A beautifully proportioned family home, enjoying a highly desirable Wharfedale setting with views to the south across grounds which extend to over 1.3Ha (3.42 acres), with an additional parcel of grazing land (1.4 Ha, 3.5 acres), available by negotiation.


Accommodation Summary

Ground Floor: Reception Hall, a welcoming introduction to Lady Close, with a return staircase off to the first floor and access to the three principal south facing reception rooms; Living Room, a lovely dual aspect room with a broad splay Bay window; Family/Sitting Room with garden access; Dining Room with charming Bay window; generous Breakfast Kitchen with gas fired 4 oven Aga; Cloakroom and WC; Laundry with Pantry off; Boot Room with further WC and lift access to the Principal Bedroom. Integral double garage.

First Floor : Landing with Bay window offering lovely views to the north; Principal Bedroom Suite generously proportioned and incorporating a discreetly positioned dressing area, further wardrobes and storage and ensuite bathroom off; three further double Bedrooms, the majority with fitted wardrobes and two sharing a Jack and Jill ensuite shower room; Study/Bedroom five; House Bathroom. Second Floor A return staircase leads to a Playroom/Studio with additional attic storage off.

Outside: Lady Close is approached through remote control gates via a sweeping tarmacadam driveway leading to a large parking turning and area. The grounds are a delight and commensurate with the grace and style that Lady Close exudes, with mature trees and shrubs, sweeping lawns, paved pathways, an expansive terrace to the southern side, fruit/vegetable garden and tennis court. Around 3.5 acres of grazing land is available by separate negotiation (Lot 2).

General Remarks:

Constructed on lands that originally formed part of the Farnley Hall estate, Lady Close enjoys a favoured and commanding position on the edge of the traditional market town of Otley, with the advantage of beautiful far reaching views across the propertys mature and sweeping grounds, which extend to around 3.42 acres, towards Otley Chevin.

The house offers generously proportioned Arts & Crafts style living, extending to almost 5500 square feet and includes a wonderful and characterful reception hall which sets the tone for the balance of the accommodation. There are three principal reception rooms, all of which run across the southern elevation; whilst to the side a spacious dual aspect breakfast kitchen is complemented by a useful laundry, pantry and boot room with both garden and garage access.

The character of this period home shines through on the first floor too - this level having been significantly extended in the past with the addition of a substantial principal suite with dressing area and large bathroom off. Bedroom one is served by a passenger lift accessed from the ground floor boot room. There are three further double bedrooms which run down the southern elevation of Lady Close, whilst the study to the rear could easily provide a fifth. These bedrooms share the house bathroom, although bedrooms two and four also have direct access to a Jack and Jill ensuite shower room. From the landing a return staircase leads to the second floor where there is a playroom/studio with useful additional attic storage off.

Outside the property benefits from a true sense of arrival, with a sweeping driveway leading from remote control gates on Farnley Lane to an expansive tarmacadam finished parking/turning area with a garage/implement store beyond. The gardens offer a fantastic family amenity with sweeping lawns, generous terraces and mature trees and shrub planting. There is a delightful orchard to the side of the house along with a vegetable garden, stable block and tennis court.

An area of grazing land to the East of Lady Close and with independent access off Farnley Lane is available by negotiation and extends to roughly 3.49 acres.

Location:

Lady Close - an exciting and rare opportunity to acquire a substantial and characterful family home in a lovely, yet convenient rural setting ideally placed for the West and North Yorkshire business traveller.

Otley is a historic market town set in the heart of Wharfedale, surrounded by some of the regions finest countryside and yet, only some 13 miles from the centre of Leeds and 10 miles from nearby Harrogate. With strong agricultural roots along with a history of papermaking and textiles, the town is now a vibrant and thriving community with its central market square playing host to a broad array of high street stores which rub shoulders with bustling independent shops. There are a couple of supermarkets within the town (including Waitrose), whilst sports and civic amenities cater for a broad variety of tastes and include the towns rugbyand cricket clubs amongst others. The surrounding countryside offers many an opportunity for rural pursuits, with the country lanes weaving through Wharfedale offering an excellent environment for road cycling.

The town has a very popular secondary school, although private schools for children of all ages are within comfortable daily travelling distance. For the commuter Leeds Bradford Airport is some 5 miles away, whilst stations at Weeton and Menston offer frequent services throughout the day into Leeds, with onward connections from the city to London Kings Cross meaning an early start in the capital is a practical consideration.

Agents Notes:

Tenure
Freehold

Local Authority & Council Tax Band
North Yorkshire Council
Council Tax Band H

Services
Mains electricity and drainage; private water supply; oil fired heating; gas fired aga.

Parking
Garage and off street driveway parking

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 central Otley head north towards Pateley Bridge, crossing the river bridge over The Wharfe. Take the next right hand turn towards Leathley and continue to the edge of town where the stone gate pillars mark the driveway leading to Lady Close.

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

£ 1927700

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
    £ 56250
  • 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

£ 240200
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message