According to the public record, 8, Bank Parade, Otley is a period freehold house with 925 ft2 of internal area and sits on a 93.8 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Bank Parade, Otley, LS21 is located in the borough of Leeds within the LS21 postal district.
8, Bank Parade, Otley has 2 entries in the Land Registry database, most recently in August 2023 and a single entry in the EPC database dated May 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Bank Parade Otley as £295,083 and the rental value as £1,738 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 8 Bank Parade Otley has increased by £5,458 (1.8%) and its rental value has increased by £37 per month (2.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 8, Bank Parade, Otley is in very good condition we estimate a sale value of £309,838 and rental value of £1,825 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,428 and a rental value of £1,617 per month.
If you were able to purchase this property for the estimated value of £295,083, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,450 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 8, Bank Parade, Otley sits on a plot of 94m2.
We have plot size data on 18 out of 33 other houses in the postcode and 8, Bank Parade, Otley sits on the 12th largest plot.
According to HM Land Registry, 8, Bank Parade, Otley was last sold on 10 Aug 2023 for £307,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2023, the market for similar properties has risen 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Bank Parade, Otley within a radius of 740 metres over the last 2 years.
The most recent example is 18, Bank Parade, Otley, LS21 3DY, a Freehold house which sold for £295,000 in Nov 2023.
Read more about house prices in LS21.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bank Parade, Otley, LS21 has a total of 33 addresses. According to our analysis of all the public data, 8, Bank Parade, Otley is the 11th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £137k less expensive than the average property in LS21.
8, Bank Parade, Otley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 May 2019.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 8, Bank Parade, Otley is Menston station which is 2.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 8, Bank Parade, Otley, 40.5% of property is privately owned outright and 30.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 8, Bank Parade, Otley, 14.5% of residents are recorded as possessing school level qualifications and 45.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 8, Bank Parade, Otley, the average age was 46.4 and the most common age was 57.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 8, Bank Parade, Otley, 1.6% of property was a second home.
Comparison figures for Yorkshire and The Humber and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 8, Bank Parade, Otley, there are an average of 1.2 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.