3 bedroom detached for sale

£360,000

3

Bedrooms

1

Bathrooms

2

Reception

Floorplan

Description: A beautifully presented three bedroom detached house, offered with an attractive kitchen, lounge, dining room with open plan conservatory, a well-appointed family bathroom, low maintenance rear garden and off road parking, situated in Northfield, Birmingham.

The accommodation, in brief, features:- Block Paved Driveway providing Off Road Parking for up to Four Vehicles; Secure Porch; Hall; Downstairs WC; Lounge with Feature Fireplace; Spacious Dining Room Open Plan to Conservatory with French Doors to Rear Garden; Attractive Kitchen with Feature Sky Light, Granite Work Surfaces incorporating Breakfast Bar and Integrated Dishwasher and Microwave; Utility Room; Stairs to First Floor Landing; Master Bedroom with Fitted Wardrobes; Double Bedroom Two with Fitted Wardrobes; Bedroom Three; and Well Appointed Bathroom with both Bath and separate Shower Room.

Outside, the property enjoys a low maintenance rear garden with a good-sized paved patio with garden shed, artificial lawn, gravelled area and fenced boundaries.

Northfield is a vibrant town offering a number of shopping and eating facilities, plus easy access for commuters into Birmingham City Centre via Northfield Train Station. Nearby, is also Longbridge Train Station and the recently regenerated Longbridge Town Centre Development (former MG Rover car plant), home to the largest Marks and Spencer in the Midlands.

Room Dimensions:

Porch

Hall

Downstairs WC

Lounge: 15' 0" x 11' 8" (4.58m x 3.58m) max

Dining Room: 15' 0" x 10' 5" (4.58m x 3.20m)

Conservatory: 13' 11" x 12' 9" (4.25m x 3.90m)

Kitchen: 19' 10" x 8' 2" (6.05m x 2.50m)

Utility Room: 5' 3" x 4' 6" (1.62m x 1.38m)

Stairs To First Floor Landing

Master Bedroom: 13' 9" x 8' 5" (4.20m x 2.58m)

Bedroom Two: 12' 2" x 8' 3" (3.72m x 2.52m)

Bedroom Three: 9' 10" x 6' 5" (3.00m x 1.98m)

Bathroom: 7' 5" x 6' 4" (2.28m x 1.95m)

Nearest Stations:

0.34 miles
Northfield
1.17 miles
Longbridge
1.24 miles
King's Norton
1.98 miles
Bournville
2.66 miles
Selly Oak

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

£ 299700

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
    £ 9000
  • 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

£ 29700
  • 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

Adjust these figures

  %
  %
£
  %

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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