News

Launched on the market this week, Rock Hall in Nidd, a highly sought after village between Ripley and Scotton, is a unique rural courtyard development of three properties - The Manor House, The Old Farmhouse and The Old Workshops, each offering superb potential for renovation and refurbishment to create a series of superb family houses with land and/or extensive gardens.

The Manor House - Guide Price £500,000 - A substantial property with four double bedrooms, in need of modernisation throughout to create a magnificent family home with fabulous views, paddocks and grassland.  The Old Farmhouse - Guide Price £300,000 - A substantial detached property, with accommodation over four floors, currently divided into two apartments, now requiring full modernisation and re-planning to create a superb family home with five double bedrooms, four bath/shower rooms and good sized gardens.  The Old Workshops - Guide Price £300,000 - A substantial range of buildings with full planning permission to detach from The Manor House to create a superb detached family house with five double bedrooms, excellent living space, three bath/shower rooms, paddocks and grassland.

Nicholls Tyreman Estate Agents are delighted to offer to the market a superb, newly constructed, architect designed detached family house, set in an excellent location to the highly favoured South side of Harrogate.

106 Leadhall Lane will appeal to a wide variety of purchasers and has been appointed to the highest specification throughout. The accommodation, in brief, comprises: Covered entrance, spacious reception hall, cloakroom/WC, bay fronted sitting room, dining room with side bay window, study, superb open plan kitchen/breakfast room/day room, utility room, galleried landing with feature balcony, five well proportioned double bedrooms, three en-suites and house bathroom. To the outside there is ample private parking, a double garage with electrically operated door and delightful gardens with a stream.

The developer, C K Batchelor, is well known within the local area for providing high quality traditional homes, and for a high degree of workmanship. The property is offered for sale with a guide price of £945,000, is covered by a full 10 year NHBC warranty and is now open for viewings by appointment with Nicholls Tyreman.

Nicholls Tyreman, Harrogate’s leading sales and lettings specialists, are seeing more and more clients putting their properties on the market For Sale and To Let under one roof, and whilst the recent slowdown in residential property sales has been widely reported in the national media, what has gone largely unmentioned is the thriving lettings market, which has seen a dramatic boost in the first quarter of 2008.

Harrogate remains a very popular location in which to live and to invest in property and, as such, is insulated from the worst effects of the Credit Crunch. However, many potential first time buyers, faced with a general tightening in the mortgage market, are now delaying their climb on to the property ladder in favour of renting instead.

In addition to first time buyers, there has been a general growth in single-person households, a rise in immigration and a requirement for flexibility amongst contract workers. With demand from these sources continuing to outstrip supply, buy-to-let will continue to soar. Indeed, the Council of Mortgage Lenders reported a 23% rise in the number of buy-to-let loans last year, accounting for more than one tenth of all outstanding mortgages.

“The Harrogate lettings market witnessed sharp increases in both rentals yields and returns during 2007”, said David Craven, Lettings Manager of leading independent estate agent Nicholls Tyreman, “And with landlords optimistic about the future, there is a genuine commitment to providing quality, affordable accommodation for the increasing numbers who choose to rent. As we move into this buyer’s market, landlords have rarely had a better opportunity to invest in quality properties at competitive prices.”

Nicholls Tyreman are advising homeowners, in this subdued sales market, to consider the benefits of renting their property out, thereby retaining the property as an investment and generating an attractive monthly income, whilst at the same time freeing themselves to take advantage of the new buyer’s market to secure their next dream home.

The rise in ‘Let-to-Buy’ mortgages, an alternative to the traditional ‘Buy-to-Let’ mortgage, is enabling more and more homeowners to rent out their current property, whilst borrowing money to fund their next move. “This provides real financial freedom for many of our clients”, said David, “And by retaining ownership of their property they can benefit from a comfortable rental income in the short, medium or even longer term, before deciding whether to offer the property for sale again in a more buoyant sales market, or whether to remain an investment landlord.”

Indeed, Nicholls Tyreman have announced an impressive 25% increase in their lettings business for the first quarter of 2008, compared to the same period last year, and are optimistic about the future. David commented, “If you are struggling to sell your property in this cooler sales climate, and would like to know how to turn these market conditions to your advantage by having your home For Sale and To Let with the same firm, then let a local expert provide you with a free rental valuation and sound financial advice.”