Gill Bank Road, Ilkley, West Yorkshire, LS29

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Sold STC

Dacre Son & Hartley Agricultural

1-5 The Grove, Ilkley, West Yorkshire

2 bedroom bungalow for sale

£875,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

Located on this desirable cul de sac providing the property with far-reaching views across the valley and access to open countryside only a few moments away is this generously proportioned detached home with the majority of the accommodation arranged over one level, positioned well within a good sized plot that affords the property a good degree of privacy.

Located in this highly desirable location in the Middleton area is this excellent property that is likely to appeal to those looking to downsize and the accommodation principally arranged over one level, whilst also appealing to those looking to reconfigure its existing layout to their own requirements, subject to any consents. The accommodation in brief includes a spacious entrance hall, very generous triple aspect sitting room, breakfast kitchen with glazed sliding doors to the rear garden, snug leading to the conservatory, a large master bedroom with access to the house bathroom, and a further good sized double bedroom with ensuite shower room.

To the outside, the property is approached by a driveway providing access to the double garage, with steps leading up to the front door. The garden wraps around the property to a very pleasant and private rear garden looking onto woodland and enjoying some far-reaching views.

Gill Bank Road has long been regarded as one of Ilkleys most desirable residential addresses, providing an endearing mix of architectural styles within a mature and lovely south facing setting. This side of the river is home to the towns golf, rugby and cricket clubs and also the famous Art Deco Lido.

The town centre is a mile or so distant and is renowned for its first-class shopping where High Street stores rub shoulders with a colourful mix of independent shops. There are comprehensive dining opportunities, from fine dining to family favourites, along with a local cinema, theatre and the Winter Gardens which regularly host popular performances. The town is blessed with highly regarded schools, although a number of private schools for children of all ages are within comfortable travelling distance.

Ilkley is surrounded by some of the finest countryside in the region - the River Wharfe and rugged moors offering many an opportunity for rural pursuits including invigorating walks, challenging mountain biking and road cycling. Local clubs cater for traditional sports such as hockey, rugby, tennis and golf.

Beyond this wonderful setting the town forms an ideal base for the West Yorkshire business traveller, with the local cities of Leeds and Bradford, as well as nearby Harrogate, all being within comfortable commuting distance. From Ilkley station there are frequent services throughout the day into both local cities, and from Leeds there are connections to London Kings Cross throughout the day. Leeds Bradford International airport is 10 miles away.


Agents Notes:

Tenure
Freehold

The property is located within the Middleton Conservation Area.

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

Services
All mains services are installed. Gas-fired central heating.

Parking
Double garage and off street driveway parking.

From our Ilkley office proceed down Brook Street, through the traffic lights and cross the bridge over the Wharfe before turning left on to Denton Road. Follow the road to the junction opposite The Old Bridge and turn right onto Clifford Road. Take the third left onto Gill Bank Road and continue towards the top of the road where the property will be found on the left hand side.

Map location is not available for this property.

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

£ 724575

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
    £ 21875
  • 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

£ 68325
  • 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

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

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