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£375,000
Bedrooms
Bathrooms
Reception
Stunning first floor apartment with a large terrace enjoying the stunning Nidderdale Area of Outstanding Natural Beauty. Finished to a high standard this is an impressive place.
With its gloriously high ceilings and air of elegance, the Terrace Apartment is sure to impress. The double aspect lounge diner overlooking both the gardens and Pateley Bridge is a charming space.
There are two bedrooms, one is a king size with an en-suite and dressing room, the other is a double room. The bathroom has a roll top bath. The lounge / dining area has windows to two sides with great views, modern kitchen with all white goods. Huge roof top terrace with views over the river and countryside.
Pateley Bridge has much to offer including Doctors, Dentist, Chemist, 2 award winning butchers, bakers and 2 convenience stores and filling station. Stunning walking and cycling available in this area of outstanding natural beauty. 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 figures 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.
Council Tax Band: TBC
Tenure: Leasehold (999 years)
Parking options: Driveway, Residents
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
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,621.75
Total Interest: £208,830.27
Overall Total: £583,830.27
Amortization For Monthly Payment: £1,621.75 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £11,889.59 | £7,571.42 | £367,428.58 |
| 2026 | £11,643.72 | £7,817.29 | £359,611.30 |
| 2027 | £11,389.87 | £8,071.14 | £351,540.16 |
| 2028 | £11,127.77 | £8,333.24 | £343,206.92 |
| 2029 | £10,857.16 | £8,603.85 | £334,603.07 |
| 2030 | £10,577.76 | £8,883.25 | £325,719.82 |
| 2031 | £10,289.29 | £9,171.72 | £316,548.10 |
| 2032 | £9,991.45 | £9,469.56 | £307,078.55 |
| 2033 | £9,683.94 | £9,777.06 | £297,301.48 |
| 2034 | £9,366.45 | £10,094.56 | £287,206.92 |
| 2035 | £9,038.64 | £10,422.37 | £276,784.56 |
| 2036 | £8,700.19 | £10,760.82 | £266,023.74 |
| 2037 | £8,350.75 | £11,110.26 | £254,913.48 |
| 2038 | £7,989.96 | £11,471.05 | £243,442.43 |
| 2039 | £7,617.45 | £11,843.55 | £231,598.88 |
| 2040 | £7,232.85 | £12,228.16 | £219,370.72 |
| 2041 | £6,835.76 | £12,625.25 | £206,745.47 |
| 2042 | £6,425.77 | £13,035.23 | £193,710.24 |
| 2043 | £6,002.47 | £13,458.53 | £180,251.70 |
| 2044 | £5,565.43 | £13,895.58 | £166,356.12 |
| 2045 | £5,114.19 | £14,346.82 | £152,009.31 |
| 2046 | £4,648.30 | £14,812.71 | £137,196.59 |
| 2047 | £4,167.28 | £15,293.73 | £121,902.86 |
| 2048 | £3,670.64 | £15,790.37 | £106,112.49 |
| 2049 | £3,157.87 | £16,303.14 | £89,809.35 |
| 2050 | £2,628.45 | £16,832.56 | £72,976.78 |
| 2051 | £2,081.83 | £17,379.18 | £55,597.61 |
| 2052 | £1,517.47 | £17,943.54 | £37,654.07 |
| 2053 | £934.78 | £18,526.23 | £19,127.84 |
| 2054 | £333.17 | £19,127.84 | £0.00 |
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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Sat May 31 2025
All confirmed! We look forward to speaking with you.
Sat May 31 2025
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