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9 - 11 Old Market Place, Ripon
£475,000
Bedrooms
Bathrooms
VIEWINGS BY APPOINTMENT ONLY
'''FOR SALE WITH NO ONWARD CHAIN'''
Coming to market for the first time, this property presents an exciting opportunity for the new owners to modernize a three bedroom detached home or, subject to the relevant planning permissions, explore a self-build opportunity.
The property is situated on a plot measuring just under half an acre on the sought after residential areas of Whitcliffe and Harrogate Road. Requiring full modernisation throughout, the home briefly comprises; entrance hall, two reception rooms, kitchen with separate utility room and downstairs shower room. To the first floor are three bedrooms and the house bathroom. Externally the property offers a wraparound garden, sheltered by mature trees, driveway parking and a triple garage, converted from old stables.
Ripon is a charming cathedral city, rich in history and surrounded by stunning countryside. Ripon has a vibrant market square, with a weekly market offering local produce and crafts, and a variety of independent shops, cafs, and pubs. The citys history is also reflected in its other landmarks, such as the Ripon Workhouse Museum and the nearby Fountains Abbey, a UNESCO World Heritage Site.
Ripon is well-connected by road and easily accessible by car. The A1(M) provides quick access to major cities like Leeds, York, and London, whilst the A61 connects Ripon to Harrogate, further linking the city to other parts of North Yorkshire. Ripon is well-served by local bus routes, with services linking the city to nearby towns like Harrogate, York, and Ripley. The city has a bus station in the centre with services operated by various companies, providing easy access to nearby areas and regional destinations.
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 & MOBILE SIGNAL - Please check Ofcom
FLOOD RISK Very low risk of flooding.
PLANNING PERMISSION Please check the local planning portal.
EPC: PENDING
COUNCIL TAX: F
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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