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9 - 11 Old Market Place, Ripon
£585,000
Bedrooms
Bathrooms
SUBSTANTIAL FAMILY HOME IN BOROUGHBRIDGE
A substantial family home located in a modern estate, just a short walk from Boroughbridge and good access onto the A1M. The property was built in 2020 and has 5 years builders warranty remaining.
The property offers expansive accommodation over two floors and briefly comprises; Entrance hall, living room, kitchen diner with integrated appliances, snug, utility room and ground floor WC. To the first floor is the main bedroom with built in wardrobes and en-suite shower room, two further double bedrooms, sharing a jack and jill shower room, two more double bedrooms, a single bedroom/study and a family bathroom. Externally there is a large double garage, off street parking for 2 cars and an enclosed rear garden. The property is double glazed throughout and has gas central heating.
Hockley Crescent is located close to the centre of the pretty market town of Boroughbridge which offers a variety of shops, delicatessens, cafes, and independent boutiques.There are many good schools in the vicinity, including Queen Ethelburghas, Cundall Manor, Queen Marys as well as excellent state and primary schools. Its conveniently located for the wider area, including the major business centres of Harrogate, York and Leeds via the nearby A1(M). Boroughbridge and the surrounding villages sit between the stunning National Parks of The North Yorkshire Moors and the Yorkshire Dales, offering a wealth of family attractions and activities from National Trust Houses to Sports Activity Centres.
MATERIAL INFORMATION
TENURE - The property is Freehold.
SERVICES - The property has mains gas, electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.
BROADBAND - Ultrafast available
MOBILE SIGNAL & COVERAGE - Available from EE, O2, Vodafone and Three.
FLOOD RISK Very low risk of flooding.
PLANNING PERMISSION none in the immediate area.
EPC: B
COUNCIL TAX: G
Map location is not available for this property.
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.
9 - 11 Old Market Place, Ripon
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