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£240,000
Bedrooms
Bathrooms
Offered with no upward chain! Situated in a prominent position, this well presented ground floor apartment must be viewed to be fully appreciated. The property is ideally located for Solihull town centre and its fantastic amenities to include the renowned Touchwood Shopping Court along with the train station with its commuter links to Birmingham and London.
Details
A fabulous opportunity for someone either wishing to downsize or to get on the property ladder but still enjoy being within close proximity to all the amenities in and around Solihull. 14 Dingle Lane is situated on the corner of Dingle Lane and Blossomfield Road therefore making it very attractive to those wishing to take advantage of excellent commuter links.
There is a communal front door with security entry system opening into the foyer which in turn gives access to the accommodation. The modern fitted kitchen has contrasting colour wall, base and drawer units with integrated appliances to include induction hob with extractor hood over, built in oven, fridge/freezer, dishwasher and washer/dryer. Having space for a breakfast table and chairs, this is a lovely place to sit and enjoy your morning cup of coffee. The bright and spacious lounge/dining room has room for seating furniture and formal table and chairs. An added bonus feature is the French door which gives access to a little terrace area, perfect for the summer months.
Separating the living accommodation is the inner hallway which has a large storage cupboard, ideal for ironing boards, hoovers, coats etc. There are two double sized bedrooms both benefiting from built in wardrobes and finally the shower room.
Outside
The property benefits from a single garage with unallocated parking.
Viewings
At short notice with DM & Co. Homes on or by email .
General Information
Planning Permission & Building Regulations: It is the responsibility of Purchasers to verify if any planning permission and building regulations were obtained and adhered to for any works carried out to the property.
Tenure: We are advised by the vendor that the property is Leasehold with 139 years remaining and with vacant possession upon completion. The lease was renewed in 2016 when the current owners purchased the apartment. However, we would advise that you check this with your legal advisor before exchanging contracts.
Service Charge: 1,604 per annum.
Services: All mains services are connected to the property. However, it is advised that you confirm this at point of offer.
Local Authority: Solihull Metropolitan Borough Council.
Council Tax Band: C.
Other Services
DM & Co. Homes are pleased to offer the following services:-
Residential Lettings: If you are considering renting a property or letting your property, please contact the office on .
Mortgage Services: If you would like advice on the best mortgages available, please contact us on .
Want To Sell Your Property?
Call DM & Co. Homes on to arrange your free no obligation market appraisal and find out why we are Solihulls fastest growing Estate Agency.
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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