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£675,000 Guide Price
Bedrooms
Bathrooms
An idyllic four-bedroom family home in an excellent location close to amenities, good schooling and great transport links.
Description
This wonderful property has recently undergone significant refurbishment, including the addition of a double-storey extension to make a substantial family residence.
The property is approached via a sweeping driveway giving off-road parking for a number of vehicles with a curved lawned area to the fore and a side gate accessing the rear garden.
The front entrance door opens onto a porch which is an ideal space to hang coats and store shoes. A further door leads through to the spacious hallway with an oak split level staircase rising to the first-floor accommodation with a glass balustrade and understairs storage cupboards.
To the right is a door flowing through into the living room with a feature log burner and a large, double-glazed window overlooks the fore.
Double doors open onto the open plan kitchen diner with wooden flooring and bifold doors in the dining area leading onto the rear garden. The contemporary kitchen is in a cream shaker style with granite worksurfaces incorporating a breakfast bar, sink unit with mixer tap and integrated appliances include two hide and slide Neff ovens, a Neff induction hob and extractor, a corner carousel unit, a dishwasher, and space for an American style fridge freezer.
Just off the kitchen there is an extended multipurpose room with wooden flooring, a vaulted ceiling with two Velux windows flooding the room with light, dual aspect double glazed windows to the rear and side elevations, and double-glazed French doors giving access to the garden. This versatile room could be used as a snug, a playroom or a spacious study.
Next to this room is a useful utility with space for domestic appliances, a tiled floor and access to the garage and the ground floor cloakroom housing a low-level WC and handwash basin with vanity unit.
First floor
The oak staircase leads from the hallway to the first-floor accommodation and splits to both the right and lefthand side leading to all four double bedrooms and the family bathroom.
Situated at the rear of the property is the spacious master bedroom which enjoying views over the playing fields and has an ensuite comprising of a low-level WC, handwash basin with mixer tap, shower cubicle with waterfall shower and additional handheld shower attachment.
To the left of the staircase is bedroom two which benefits from a window to the rear and an ensuite comprising of a low-level WC, an enclosed handwash basin with vanity unit beneath with mixer tap, a shower cubicle and complimentary tiling to both walls and flooring.
There are a further two double bedrooms are located at the front of the property with windows to the fore.
The contemporary family bathroom is spacious and sleek in design with complementary tiling to the floor and walls and includes a white suite comprising of a low-level WC, an enclosed handwash basin with water fall mixer tap, a freestanding bath with waterfall mixer tap, a walk-in shower with a waterfall shower and additional handheld shower attachment.
Garden
The west facing rear garden has a paved area making it the perfect place for alfresco dining and entertaining in the summer months. This area flows on to the lawn with borders of planting and foliage fully enclosed by panel fencing however, the real gem is a gate to the rear of the garden which gives access to open playing fields beyond.
Services
Mains gas, water, electricity and drainage.
Council tax band F
Location
Set within a conservation area, Love Lane is a highly desirable address in the heart of Oldswinford, which is a thriving area with shops, eateries and amenities on the doorstep. Stourbridge town is also nearby and there is good local schooling including Oldswinford Hospital School, Elmfield Rudolf Steiner School, Redhill Secondary and Oldswinford Primary, all of which are excellent schools. The property overlooks the extremely popular Mary Stevens Park and the train station and Stourbridge Golf Club are just a short distance away.
Fees
Reservation Fee - refundable on exchange
A reservation fee, refundable on exchange, will be payable by the Buyer to Andrew Grant Sales Limited prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract. This fee will be reimbursed upon Exchange of contracts. The fee will be retained by Andrew Grant Sales Ltd to cover costs in the event the Buyer withdraws from the purchase other than as a result of:
1. Any structural issues arising from any survey
2. Serious defect in the sellers legal title
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown
The reservation fee will depend on the level of your agreed offer for the property:
An agreed offer under 500,000 will be 500 inclusive of vat
an agreed offer between 500,000 and 1,000,000 will be 1,000 inclusive of vat
all agreed offers over 1,000,000 will be 1,500 inclusive of vat
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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