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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10
August, 2018
09:36

With the interest rate rise what does this mean for #Ilkley property values

What Will Happen to Ilkley Property Values with the Interest Rates Rise? The current average value of a property in Ilkley currently stands at £394,350 and the base rates at 0.75%. In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last 5 years), but to answer this question we need to go back over 40 years, to 1975. The average...

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22
July, 2018
21:40

115 #Otley Landlords Plan to Expand Their Buy To Let Portfolios

A noteworthy number of buy to let landlords in Britain plan to buy more properties over the next year notwithstanding the frustrations, challenges and seismic changes in the private rented sector. According to Aldermore, the specialist Buy To Let lender, their research shows around 41% of portfolio buy to let landlord’s objective is to grow their buy to let portfolio (Portfolio landlords are landlords that own more than one...

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13
June, 2018
22:15

£660 pcm – The Average #Otley Rent

£660 pcm – The Average Otley Rent The rents paid by Otley tenants are now standing at £660 per calendar month (PCM), a rise of 1.39% year on year and 0.24% higher month on month. However, this attention-grabbing monthly rent figure masks stark differences in the various different parts of the Otley rental market. Demand in Otley for high quality family homes with two or three bedrooms in good catchment areas...

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02
April, 2018
09:31

#Otley Council Tax Payers Stung by 22.32% above Inflation Rise

Buying and selling a home in Otley isn’t the easiest or cheapest thing you will ever do. Estate Agent fees, Solicitors fees, Survey fees, Mortgage fees, Removal Van … the costs just mount up throughout every step of the move. Last week, an Otley landlord asked me whether the Council Tax Band made a difference to a property’s appeal, be it tenanted or to owner occupiers, when it comes to being sold on the open market and whether extensions...

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07
March, 2018
09:24

#Otley Property Market – The 25.8% ‘New Build Premium’

According to the National House Building Council (NHBC), more than 9,300 new homes were registered to be built in Yorkshire and Humber last year, a decrease of 3.25% on 2016 levels of nearly 9,700 dwellings. Still great news when you consider it is one of the highest number of new builds in the region since the pre-recession levels of the Credit Crunch and the uncertainty of Brexit and the General Election. So, when a landlord recently asked...

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