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£220,000
Bedrooms
Bathrooms
* investors * Work required * Extended Modern Semi Detached Property * Three Bedrooms * Through Lounge/Diner * Kitchen * Bathroom * Separate WC * Guest WC * Integral Garage * Double Glazed * Gas Central Heating * Block Paved Driveway * Rear Garden * Freehold * Tenant in Situ * Please email the agent to request a viewing
Summary description The property is situated in a cul de sac location in a much sought after residential area in Rednal and sits back from the road behind a block paved driveway for off road parking leading to a side entrance to rear garden. This modern semi detached property with integral garage briefly comprises: Spacious Entrance Hallway, Extended Through Lounge and Dining Area (L shaped), Kitchen, Guest WC. Stairs rising to first floor landing with doors to Three good sized bedrooms, bathroom and separate wc. The property is double glazed and gas centrally heated. The property is currently tenanted and fully managed by Arkade Property.
Location Rednal is conveniently situated close to Rubery Great Park, Rubery Village.
Longbridge Retail Park is near by for local shopping and dining, including Marks and Spencers and Sainsburys and is close to good transport links for commuters, with easy access to the motorway networks. Longbridge & Barnt Green Train Stations
entrance hallway Stairs rising to first floor accommodation, central heating radiator, doors to
guest WC Obscure double glazed window to side aspect, low level wc
extended through lounge/diner (L shaped)
through lounge dimensions 15 11" x 9 into chimney breast 11" (4.85m x 3.02m) Adams style feature fire surround, central heating radiator
extended dining area 16 04" x 8 10" maximum (4.98m x 2.69m) Double glazed window and double glazed sliding patio doors to rear garden, central heating radiator
kitchen 15 11" x 6 05" (4.85m x 1.96m) Double glazed window and double glazed door to side providing access to rear garden, range of base and wall mounted units and roll top work surfaces, single bowl stainless steel sink with drainer, recesses and plumbing for automatic appliances, extractor hood over oven recess, under stair storage cupboard
landing Obscure double glazed window to side elevation and doors to
bedroom one 15 11" x 10 01" maximum including wardrobes (4.85m x 3.07m) Double glazed window to rear elevation, central heating radiator, built in wardrobes
bedroom two 11 06" x 10 00" (3.51m x 3.05m) Double glazed window to fore, central heating radiator
bedroom three 9 01" x 6 04" (2.77m x 1.93m) Double glazed window to rear, central heating radiator
bathroom Obscure double glazed window fore. White bath with electric shower over, pedestal hand wash basin, ladder heated towel rail, bulk head storage cupboard housing Glow Worm combination boiler
separate WC Obscure double glazed window to side elevation, low level wc
integral garage Up and over doors. Unmeasured at time of inspection.
Rear garden Block paved patio area and garden laid to lawn, side gate and access to front of property panel fencing to boundaries
rental yield potential Based on a property value of 220,000 and a monthly rental income of 750, your client could expect a 4.09% rental yield
The annual rental potential is a gross value based on an asking price offer of 220,000 and represents an annual yield of 4.09%.
Please note this figure does not include additional fees for management fees (if fully managed) or annual repair costs.
Tenure - freehold The seller has advised that the property is Freehold
Tenure Disclaimer
Consumer Protection from Unfair Trading Regulations 2008
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. References to the tenure of a property are based on information supplied by the seller. The Agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor. Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
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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