Welcome To The Wharfe Valley Property Blog

Welcome to The Wharfe Valley Property Blog, the place where landlords and homeowners can find useful information, advice, insights, resources and inspiration for owning, renting out, buying and selling property in the Wharfe Valley covering Ilkley, Addingham, Ben Rhydding, Burley in Wharfedale, Menston, Otley and Pool in Wharfedale area.

The Wharfe Valley Property Team

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14
March, 2019
10:31

45.7% of #Otley Property is Sold

As 45.7% of Otley Property on the Market is Sold

Are there any bargains because of Brexit?

Bargains – well yes and no – and let me explain why. To find a bargain you need to know the ‘market’, yet there is not one ‘property market’ in the UK. In fact, the...

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11
March, 2019
20:03

#Otley Property Market – Outlook for 2019

Otley property values are unexpectedly 3.8% higher than at the end of 2017, notwithstanding the uncertainty and threats over the potential impact of Brexit in 2019. This has exceeded all the predictions (aka guesses) of all the City of London economists, in an astonishing sign of strength for the local Otley and wider national economy. Nevertheless, the statistics from the Land Registry come after a lethargic year for the number of...

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16
February, 2019
14:32

#Ilkley House Prices up 25.8% in the last 5 Years

Over the last 5 years, we have seen some interesting subtle changes to the Ilkley property market as buying patterns of landlords have changed ever so slightly. The background to this story was the recently published set of buy-to-let (BTL) lending statistics. Roll the clock back 12 months and 6,700 BTL mortgages were granted (in the same month) for £900m, meaning the average BTL mortgage was £134,200. Looking at last month’s figures, and...

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24
January, 2019
10:39

1 bed, 2 bed or 3 bed homes – Which Sell the Best in #Otley?

A few months ago, I wrote an article on the Otley Property Blog about the length of time it took to sell a property in Otley and the saleability of the different price bands (i.e. whether the lower/middle or upper local property markets were moving slower or quicker than the others). For reference, a few months ago it was taking on average 27 days from the property coming on the market for it to be sold subject to contract (and that was...

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18
January, 2019
10:30

33.5% of All #Ilkley Properties were Bought Without a Mortgage in the Last 7 Years

For most Ilkley people, a mortgage is the only way to buy a property. However, for some, especially Ilkley homeowners who have paid off their mortgage or Ilkley buy to let landlords, many have the choice to pay exclusively with cash. So the question is, should you use all your cash, or could a mortgage be a more suitable option? Well, looking at the numbers locally... 15,038 of the 44,910 property sales in the last 7 years in...

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