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1-5 The Grove, Ilkley, West Yorkshire
£360,000 Guide Price
Bedrooms
Bathrooms
This property is for sale by Modern Method of Auction. Located on the Main Street of Addingham, Ilkley, is this most attractive stone built character cottage that enjoys private courtyard gardens and three bedroom accommodation and has been finished to an exceptional standard throughout.
Modern Method of Auction allows the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of 6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than 960 inc. VAT. These services are optional.
Located on the Main Street of Addingham, within walking distance of both the amenities on offer within the village and stunning countryside, is this most appealing stone-built character home that has been sympathetically renovated to an exceptional standard throughout. The accommodation which is arranged over two floors includes a fitted kitchen with side access door, dining room, sitting room with wood burning stove and character features. To the first floor are three good sized bedrooms, two of which are doubles and a luxury house bathroom. To the outside there is a small paved area to the front with a landscaped courtyard garden found to the westerly aspect. There is also a courtyard garden/sheltered seating area to the rear of the property that enjoys high levels of privacy, a south facing aspect and access to the under house storage. On street parking is available close by.
The village of Addingham enjoys a highly regarded location within mid-Wharfedale just a short drive from the Yorkshire Dales National Park and only some four miles (approximately) from the Victorian spa town of Ilkley. The community retains a broad range of everyday amenities including local shops, primary school, medical centre and churches of a number of denominations. There are sports clubs on offer, whilst the surrounding countryside and rugged Moors offer many an opportunity for walking and cycling. For the commuter there is good road access into the regions business centres and a Metro railway station, with frequent links throughout the day into Leeds and Bradford, can be found in nearby Ilkley.
Agents notes:
Services
Mains electricity, gas, water and drainage are installed. Gas-fired central heating.
Parking
Parking is on street
Internet and Mobile Coverage Information obtained from the Ofcom website indicates that an internet connection is available from at least one provider. Mobile coverage (outdoors), is also available from at least one of the UKs four leading providers. For further information please refer to:
Proceed all the way up through the village on Main Street, as the road begins to bear to the right, opposite the Craven Heifer Public House, Craven Cottage will be found.
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.
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