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£725,000
Bedrooms
Bathrooms
NEWLY CONVERTED, Hill Mill offers a beautiful 4 bedroom bespoke homewhere historic mill charm meets modern design, nestled in peaceful countryside near Harrogate
High Mill offers a unique residential development nestled in the hamlet of Shaw Mills, only 6 miles from Harrogate. Combining a the rich industrial heritage of a 19th-century textile mill with a collection of thoughtfully designed converted and new-build homes.
The hamlet of Shaw Mills is believed to have been named after a Robert Shaw who built a corn mill by Thornton Beck in the 16th century. The stream provided the source of power for Low Mill and High Mill. Over the years the mills produced corn, flax and then silk. Silk spinning commenced in the late 19th century. After falling trade, the mills closed shortly after the end of the First World War but continued to be used for the manufacture of various
products. High Mill latterly housed a leather and suede tannery.
Number 10 at High Mill is located at the end of this beautiful conversion. This exceptional home provides three floors of stunning accommodation comprising of two large double bedrooms to the ground floor, one with a separate dressing area and ensuite shower room. The first floor offers a beautiful kitchen dining area with a large contemporary kitchen, quartz worksurfaces and integrated Bosch appliances. This floor also benefits from a bright living area with access out on a private patio garden. The second floor boosts an impressive principal bedroom, with a stunning ensuite bathroom, featuring Duravit white sanitary ware and contemporary sliding barn doors. There is also a fourth bedroom which would make a perfect study!
Externally are two parking spaces, one with the option for an electrical charging point.
For full specification details please call our office on option 2. The development is ready to view and we would encourage interested parties to arrange your slot as soon as possible.
LOCATION
Leave Harrogate on the A61 Ripon Road heading North. At Ripley, at the second roundabout, take the B6165 towards Pateley Bridge. Continue for about 2 miles into the village of Burnt Yates. Turn right, at the cross roads, onto Pye Lane and follow into Shaw Mills. Turn left onto Town Street and continue up the lane to High Mill
Located 6 miles northwest of Harrogate, offering easy access to the A1(M), connecting London and Edinburgh, and the wider motorway network. The nearby town of Pateley Bridge, as well as the historic cities of Ripon and York, are just a short distance away.
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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