2 bedroom apartment for sale

£475,000

2

Bedrooms

2

Bathrooms

1

Reception

The Grande Apartment would suit people looking to downsize or those looking for a lock up and leave apartment which could also provide a holiday income.

This apartment with its huge open-plan kitchen and living space and views that will take your breath away, is in Pateley Bridge, in the centre of The Nidderdale Area of Outstanding Natural Beauty

Its the perfect choice for a sophisticated gathering. The high-spec and well equipped Kesseler Kitchen is the perfect social hub with its central island and dining area - open to the uber stylish lounge.

The front garden is the real icing on the cake with this apartment. Imagine relaxing in your own hot tub in the secluded side garden. 2 Bedrooms (1 x Superking En-Suite with roll top bath, 1 x Double), Extra large Bathroom, Large open plan Kitchen / Dining Room, Lounge, Large lawned garden plus private garden area with hot tub.

The lounge has a spectacular glazed front offering great views over the front garden to Pateley Bridge and the fells beyond.

Pateley Bridge has much to offer including Doctors, Dentist, Chemist, 2 award winning butchers, bakers and 2 convenience stores and filling station. In such a scenic spot youd be surprised not to have stunning walking and cycling available. There is also a council run gym and swimming pool.

The market town of Ripon is about 20 minutes away by car. Harrogate which has great rail links to York, Leeds and London is about 25 minutes away and Leeds/Bradford Airport is about 40 minutes away by car. There is also a regular bus service to Harrogate.

This property would suit someone looking to downsize or an investor looking for their own holiday place. The vendor is prepared to share income with those interested in renting it as a holiday home. Servicing of this as a holiday home can be managed for you. The existing furniture can be purchased separately.
All furnishings are available by separate negotiation.

Council Tax Band: TBC
Tenure: Leasehold (999 years)
Parking options: Off Street, Residents
Garden details: Enclosed Garden, Front Garden, Private Garden, Rear Garden
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Sewerage: Mains
Broadband: FTTC
Accessibility measures: Not suitable for wheelchair users
Flood risk: Flood defenses present



Features
  • Leasehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 394575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 38325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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