According to the public record, 24A, New Market, Otley is a period apartment with 306 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
New Market, Otley, LS21 is located in the borough of Leeds within the LS21 postal district.
24A, New Market, Otley has no records in the Land Registry database and a single entry in the EPC database dated June 2010.
We combine this information with public data 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 24A New Market Otley as £118,595 and the rental value as £746 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 24A New Market Otley has decreased by £1,946 (1.6%) and its rental value has decreased by £9 per month (1.2%).
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 24A, New Market, Otley is in very good condition we estimate a sale value of £124,524 and rental value of £784 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,293 and a rental value of £694 per month.
If you were able to purchase this property for the estimated value of £118,595, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £583 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 the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 24A, New Market, Otley within a radius of 491m over the last 2 years.
The most recent example is 82, Burras Lane, Otley, LS21 3EW, a Leasehold flat which sold for £115,000 in Jul 2022.
Read more about house prices in LS21.
New Market, Otley, LS21 has a total of 12 addresses. According to our analysis of all the public data, 24A, New Market, Otley is the 4th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £313k less expensive than the average property in LS21.
24A, New Market, Otley has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 29 Jun 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 24A, New Market, Otley is Menston station which is 3.1 km 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 24A, New Market, Otley, 63.2% of property is privately rented and 23.1% is privately owned outright.
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 24A, New Market, Otley, 13.9% of residents are recorded as possessing school level qualifications and 31.7% 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 24A, New Market, 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 24A, New Market, Otley, 1.0% 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 24A, New Market, Otley, there are an average of 0.7 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.