Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£110,000
Bedrooms
Council tax band: TBC
A well presented, one bedroom first floor apartment located in a sought after estate in West Bromwich, Ideal for a first time buyer or investment the property briefly comprises; Hallway, Lounge, Kitchen, Bedroom, Bathroom, Central Heating, Double Glazing, Leasehold, No Upward Chain.
ENTRANCE LOBBY
With Secure Intercom Operated Single Glazed Wooden Door To Side Elevation And Stairs To First Floor
HALLWAY
Comprising Of Wooden Door To Side Elevation, Intercom Phone, Smoke Alarm, Central Heating Radiator, Alarm Panel, One Double Plug Socket.
LOUNGE
19 0 x 15 3 (5.8m x 4.66m) Comprising Of Double Glazed Windows To Front And Side Elevations, Double Glazed Balcony Doors To Side Elevation, Phone Line, T.V Point, Central Heating Radiator.
BATHROOM
7 11 x 5 5 (2.43m x 1.67m) Comprising Of Central Heating Radiator, Sink, W/C, Bath, Splashback Tiling, Extractor Fan And Shaving Point.
BEDROOM ONE
11 8 x 12 2 (3.57m x 3.72m) Comprising Of Central Heating Radiator, Double Glazed Window To Front Elevation, Build In Wardrobes, Phone Point, T.V Ariel.
KITCHEN
10 0 x 7 11 (3.05m x 2.42m) Comprising Of Vinyl Flooring, Wall And Base Units To Match, Gas Hob And Oven With Extractor Fan, Stainless Steel Sink And Drainer, Central Heating Radiator.
GENERAL INFORMATION
POSSESSION
With Vacant Possession upon Completion
SERVICES
We understand that all Mains Services are available at the
property
TENURE
We are advised by the Vendor that the property is Leasehold but
this has not been verified and confirmation will be forth coming
from the vendors solicitors during pre-contract enquires
FIXTURES / FITTINGS
As per sales details
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
