4 bedroom detached for sale

£950,000

4

Bedrooms

3

Bathrooms

2

Reception

Floorplan

Description: A beautifully presented four double bedroom detached house, offered with no upward chain, two reception rooms, a well-appointed breakfast kitchen, two en suites, a family bathroom, rear garden and gated driveway with a single garage (with planning permission for change of use) and detached double garage, situated in Fairfield, Bromsgrove, enjoying far reaching country views.

The property, which boasts underfloor heating throughout the ground floor, is approached via a gated block paved driveway providing off road parking for several vehicles with access to a single garage (with planning permission for change of use) and a detached double garage - all with electric doors.

Once inside, the welcoming entrance hallway with a storage cupboard leads off to; a downstairs wc with built-in storage cupboard; lounge with a feature fireplace; dining room with French doors to the rear garden; the well-appointed Shaker breakfast kitchen with French doors to the rear garden and integrated fridge, freezer, double dishwasher, microwave oven, oven, warming drawer, induction hob and extractor over; and a handy utility room.

Stairs from the hallway lead up to the first floor landing with doors off to; the master bedroom with an en suite shower room; double bedroom two with fitted wardrobes/furniture and an en suite shower room; double bedroom three with built-in wardrobes; double bedroom four; and the family bathroom.

Outside, the property enjoys a rear garden with a paved patio, lawn and fenced boundaries, beyond which are views across the neighbouring countryside.

Situated in Fairfield, the village enjoys a local post office store while still being conveniently located within easy distance from the town centre of Bromsgrove, offering a new leisure centre, a David Lloyd Gym, Bromsgrove Golf Course and a range of eateries, supermarkets as well as doctors, dentists, Health Centre and professional services. In addition, there are first, middle, and high schools, including the prestigious Bromsgrove School. Bromsgrove also provides easy access to the national motorway network and commuting to the West Midlands conurbation (from M5 and M42 junctions).

Room Dimensions:

Hall

WC 4' 1" x 5' 2" (1.26m x 1.59m)

Dining Room: 26' 7" x 11' 0" (8.12m x 3.37m) max

Lounge: 21' 10" x 16' 3" (6.66m x 4.97m) max

Kitchen: 21' 3" x 11' 11" (6.50m x 3.65m)

Utility Room: 7' 1" x 6' 9" (2.17m x 2.06m)

Stairs To First Floor Landing

Master Bedroom: 10' 4" x 21' 10" (3.15m x 6.67m) max

En Suite: 7' 1" x 5' 1" (2.18m x 1.57m)

Bedroom Two: 11' 1" x 14' 3" (3.39m x 4.36m) max

En Suite: 4' 9" x 7' 1" (1.45m x 2.17m)

Bedroom Three: 12' 11" x 11' 1" (3.95m x 3.40m) max

Bedroom Four: 11' 0" x 8' 10" (3.36m x 2.71m)

Bathroom: 8' 9" x 8' 1" (2.69m x 2.48m)

Garage: 18' 4" x 12' 4" (5.60m x 3.78m)

Double Garage: 21' 2" x 21' 0" (6.46m x 6.41m)

Nearest Stations:

3.75 miles
Barnt Green
3.88 miles
Bromsgrove
4.35 miles
Longbridge
4.35 miles
Hagley
4.68 miles
Blakedown

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 775200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 23750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 62700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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