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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26
March, 2019
10:36

Home Ownership among #Ilkley young people…….. read on

Home Ownership among Ilkley young people has dropped by more than a third in 20 years

The proportion of 25 to 34-year olds who own their home in Ilkley has dropped by more than a third in the last 20 years, so what does this mean for all the existing Ilkley landlords and homeowners together with all those youngsters considering buying their first home? Well,...

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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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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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