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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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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09
January, 2019
10:56

Live in #Otley? About to Retire and Privately Rent? You Could be £3,900 a Year Worse Off!

You read the personal finance pages of the newspapers and it all seems to be the impending pensions crisis ……. where people aren’t saving enough for their retirement. But it’s not the lack of Otley peoples’ future pension incomes that are my immediate concern. The fact is that so many of the future retirees in Otley over the coming decade, who never bought their home in the Millennial years of the 1990’s and 2000’s, will have to...

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07
January, 2019
11:47

#Ilkley buy to let deal of 2019!

Happy with a yield of 4%? Well, just sit tight with this two bedroomed semi detached property and watch it blossom. On the market with Dale Eddison Ilkley for £225,000 and located on the popular Hauxley Court development close to the highly sought after Ashlands Primary School and Ilkley town centre this property will make a solid investment for the future. The property is ready to be let out from that start as the hard work has already been...

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