2 bedroom house for sale

£699,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

In the heart of leafy Edgbaston, St Georges Place retirement village is moments from Birmingham. Two Grade II listed Regency villas, a restored Victorian building and new buildings house 95 luxury cottages and apartments.

This charming grade II listed apartment is perfectly located on the ground floor of Middlemore Hall and really should be viewed to appreciate the size.

The apartment offers a very spacious light, sunny living/dining room with dual aspect and period features and character windows. The patio doors lead to a very large, attractive private terrace with plenty of room for furniture and pot plants. There is a large cupboard for storing garden equipment.

The very spacious main bedroom is well-appointed and offers fitted wardrobes with internal lights and a beautiful Georgian bay window. Original fireplace.

There is a second double bedroom / multi function room with separate walk in wet room fitted with Villeroy & Boch sanitaryware. There is also a second bathroom fitted with a full sized bath.

The modern SieMatic kitchen is fitted with integrated new appliances including a Neff oven, hob, dishwasher and fridge freezer and a Bosch washer dryer and there is room for a small dining table / breakfast bar.

Beautifully presented throughout with an allocated car parking space if required.


This unique development was previously the home of the Royal School for the Deaf and has now being transformed to meet Audleys impeccable standards. For those with a preference for the vibrancy and bustle of town life, St Georges Place offers beautiful and secure living in the centre of Edgbaston with private facilities to rival any country house hotel, including a restaurant, a lounge room, bistro bar, library, gym and fitness suite, and swimming pool.

Whether you want to be active, exercise and make the most of the local amenities, or simply take it easy, relax and enjoy a little peace, this village offers a life full of colour.

PLEASE NOTE: A monthly management charge and deferred fees apply to this property There are no ground rent fees payable on this property.

Flexible Audley care packages are available at an additional cost.

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

£ 579375

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 17475
  • 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

£ 55125
  • 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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