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£300,000
Bedrooms
Council tax band: TBC
An impressive three bedroom, detached property occupying a choice position in a quiet, popular, cul-de-sac location in West Bromwich. Ideally situated for easy commuting, being only a short walk from Tame Bridge train station. Briefly comprising; Porch, Hallway, Through Lounge, Kitchen, Three bedrooms, Bathroom, Internal Double Glazing, Central Heating, Garage, Driveway, Freehold, No Upward Chain.
PORCH
With double glazed sliding door to front elevation, tiled flooring and tongue and groove to wall.
HALLWAY
With laminate flooring and central heating radiator.
LOUNGE
25 5 x 12 8 (7.75m x 3.88m) With central heating radiator, double glazed sliding dors to rear elevation, double glazed bow window to front elevation and ceiling coving.
KITCHEN
10 6 x 7 8 (3.22m x 2.36m) With vinyl flooring, central heating radiator, double glazed door to side, under stair storage housing alarm panel, double glazed window to rear elevation, gas hob, oven, wall and base units to match, extractor, one and half stainless steel sink and drainer plus splashback tiling.
CONSERVATORY
10 4 x 10 0 (3.15m x 3.06m) Being fully double glazed, laminate flooring, central heating radiator, double glazed double doors to side elevation.
STAIRS AND LANDING
With double glazed window to side elevation, smoke alarm, loft access and storage housing central heating boiler.
BATHROOM
6 4 x 5 6 (1.95m x 1.68m) With WC, wash hand basin, chrome heated towel rail, bath, tiled flooring and walls, shower, extractor fan, double glazed window to rear elevation.
BEDROOM ONE
13 0 x 9 1 (3.98m x 2.78m) With double glazed window to front elevation, central heating radiator and built in storage.
BEDROOM TWO
9 8 x 9 3 (2.97m x 2.84m) With central heating radiator, double glazed window to rear elevation and storage.
BEDROOM THREE
6 5 x 6 1 (1.97m x 1.87m) With laminate flooring, double glazed window to front elevation, central heating radiator and built in storage.
FRONT
With lawned garden, access to rear, access to garage and tarmacadam driveway.
REAR
With access to front, access to garage, lawned garden, fence to borders and wooden shed.
GARAGE
17 2 x 8 0 (5.24m x 2.46m) With up and over door to front elevation and single glazed wooden door to rear elevation.
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 Freehold 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.
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