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9 - 11 Old Market Place, Ripon
£495,000
Bedrooms
Bathrooms
'''RETIREMENT PROPERTY''' TWO BEDROOM COTTAGE WITHIN THE SOUGHT AFTER RED HOUSE DEVELOPMENT
A superb refurbished two-bedroom cottage, measuring 110sqm (1,184sqft), featuring a private south facing patio with bistro table and chairs, overlooking stunning mature communal gardens. This immaculate property includes carpets throughout and is situated in The Stables area.
The superbly refurbished house has been created with everything you could wish for. Here you will find the exceptional communal facilities (comprising reception hall, lounge and bar, restaurant, library, hair and beauty salon, treatment room, hobbies room, and gym). There are large windows, high ceilings and other original features throughout, and the beautiful, landscaped gardens are there for you to enjoy and relax in.
Private front door leading to entrance hall with built-in store cupboard, stairs leading to the first floor with an Acorn Stairlift; downstairs WC comprising toilet, sink, radiator, mirrored cabinet with light, large storage cupboard and underfloor heating; lounge area with bay window to the front, archway leading to the kitchen; fully-fitted kitchen with integrated appliances, including eye-level oven, microwave, fridge, freezer, dishwasher, island with cupboards under; dining area with French doors leading out to the private patio; first floor, large bedroom to the front with bay window; large second bedroom to the rear; shower room comprising shower cubical, toilet, sink, heated towel rail, underfloor heating and demist mirror.
The property has its own private patio area.
The Red House has attractive and peaceful grounds and gardens spread over four acres, with generous outside terraces and seating areas, plus an area of raised beds for use by owners in the village in a delightful setting overlooking the lawns and woodland, the perfect place to exercise green fingers.
The Red House benefits from a tranquil and leafy environment, but with proximity to the modern amenities and rich culture of Ripon City Centre, just over half a mile away. Ripon offers all the shops, cafs, restaurants and conveniences youd expect from a city, including Booths Supermarket, Marks & Spencer Food Hall, and Morrisons Supermarket, whilst still retaining a unique character and charm. For sports enthusiasts, the Ripon City Golf Club and Ripon Cricket Club are within easy reach, and its just two and a half miles to a lively day at the races. If its a more leisurely walk youre after, this is the perfect location to take in the stunning scenery of the Yorkshire Dales National Park, stopping at one of the many country pubs along the way. Nidderdale, deservedly designated an Area of Outstanding Natural Beauty, lies on the border of the National Park and is close to the World Heritage Site of Fountains Abbey.
Harrogate Borough Council, Band E.
Service charge and ground rent
A service charge for 2025, currently 917.94 monthly; 11,015.28 annually, is payable. This covers external buildings and maintenance, external cleaning of apartment windows, buildings insurance, refuse collection, all communal area maintenance, reserve fund, management fee, daily concierge service, garden and grounds maintenance, 24-hour on-site staffing, 1 hours domestic help a week. Ground rent of 606.12 per annum is currently payable to ERL (Red House Ripon) Limited on all properties for which the original leases were granted before 1 April 2023. In addition, ground rent is payable in advance on 1 October each year and reviewed every five years in line with the Consumer Price Index. The next review will be 1 January 2028.
A Deferred Development Payment of 6%, 8% or 10% of the selling price (occupancy of up to 1 year, 1 to 2 years, and over 2 years respectively) is payable when leaving or selling the property. A Sales Administration Fee of 1.5% of the selling price, plus VAT, is also payable. Further information is available from the Sales Team or the website,
Energy efficiency rating 86%; environmental impact rating 88%. A copy of the full Energy Performance Certificate is available upon request.
CRL
The property benefits from 10-year CRL Build Cover from 01/04/2019. The CRL paperwork will be provided by the vendor(s), but a copy of the CRLs guide to this cover is available upon request.
Viewing by appointment only.
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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