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22 Stone Street, Dudley
£120,000 Guide Price
Bedrooms
Bathrooms
'BEING SOLD VIA THE MODERN METHOD OF AUCTION' Located at this quiet residential address close to a host of local amenities, this VERY WELL PRESENTED terraced home must be viewed to be fully appreciated. On the ground floor, there is an attractive LOUNGE to the front, generous KITCHEN / DINER and UTILITY extension, whilst upstairs, we find TWO GOOD SIZED BEDROOMS and a house bathroom. Outside, there is a LOW MAINTENANCE REAR GARDEN offering the ideal space for entertaining and relaxing during the summer months. Being sold with NO UPWARD CHAIN, this property is IDEAL for both FIRST TIME BUYERS and LANDLORD INVESTORS. FREEHOLD - EPC =E - COUNCIL TAX = A
CALL TO BOOK YOUR PERSONAL VIEWING OR BOOK ON-LINE 24/7 VIA OUR WEBSITE
This property is for sale by the Modern Method of Auction, starting bid of 120,000 plus reservation fee. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of 6,600 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
Entrance Hall -
Lounge - 3.86 x 3.47 (excl. bay) (127' x 114' (excl. bay) -
Kitchen / Diner - 3.86 x 3.74 (127' x 123') -
Utility - 1.61 x 2.04 (53' x 68') -
Cellar - 3.80 x 3.37 (125' x 110') -
First Floor Landing -
Bedroom One - 3.87 x 3.75 (128' x 123') -
Bedroom Two - 3.15 x 3.99 (104' x 131') -
Bathroom - 1.66 (max.) x 3.49 (55' (max.) x 115') -
Outside -
Rear Garden -
Tenure - Freehold
Council Tax - Dudley MBC - Band A
Epc Rating - E (49)
Broadband - According to Ofcom (the office of communications), standard and ultrafast broadband is available at this property. Further information can be found here:
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.
22 Stone Street, Dudley
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