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£279,500 Guide Price
Bedrooms
Bathrooms
Rowntree Wharf, with five storeys and a nine-storey water tower featuring original gantries and hoists, is probably Yorks best industrial building. Originally one of the largest flour rolling mills in Europe and owned by Leethams, it was founded in 1860 and supplied with grain via barge on the River Foss to the original mill close by. Five years after it closed in 1930, it was purchased by Joseph Rowntree to become Rowntree and Cos Navigation Warehouse as cocoa beans were brought to the wharf, gradually falling out of use in the 1960s. The conversion to flats and offices began in 1989, wit the final phase of the development completed approximately 10 years ago.
Number 68 enjoys wonderful cityscape views from its penthouse position on the 5th floor, a duplex arrangement with double height ceilings and full-length windows maximising the natural light and sense of space. A highly unique design with original character and exposed beams, the conversion was sensitively accomplished to preserve the buildings history and design.
The living space is largely open-plan, a contemporary kitchen with high-quality appliances and ample worktop space thoughtfully designed create a practical working kitchen partitioned from the living and dining area by a breakfast bar. There is a separate utility room with plumbing and space to create a wc if desired, leading from a spacious entrance hallway. The bedroom is located on this level, a generous sized double with a large window fitted with stylish plantation shutters.
Upstairs is entirely open plan; a fabulous loft-style space with exposed trusses and steelwork, cleverly constructed to allow natural light to flow throughout with double aspect Velux windows and glazed balustrades. This area offers great versatility with Minster views, providing sufficient space to designate separate living and study areas, and even a 2nd bedroom if required.
The property comes with one allocated space within the adjoining gated undercover car park, and there is a secure video entry phone system.
Rowntree Wharf is ideally located within York city walls. A peaceful location tucked away from the hustle and bustle of city life, yet within easy walking distance of Yorks numerous attractions and amenities. For commuting, the railway station is within a mile and the outer ring road network is easily reached by car.
Length of lease: 990 years remaining
Ground Rent 300 Per Annum
Service Charge 1192 Per Quarter (inclusive of water rates & buildings insurance)
Council Tax Band- E
Holiday lets NOT permitted
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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