4 bedroom detached for sale

£360,000

4

Bedrooms

2

Bathrooms

Floorplan

Situated in a pleasant cul-de-sac location this Freehold FOUR Bedroomed Detached residence offers potential for improvement and extension/s (subject to planning consent). The centrally heated and double glazed accommodation briefly comprises:- Enclosed Porch Entrance, Hallway, Two Reception Rooms, Conservatory, Kitchen, Laundry Room, Downstairs 2nd W.C., En-suite Shower Room off Bedroom 1, Family Bathroom. Outside there are good size gardens to the front and rear with multiple car parking facility to the front and Double Width Side Garage.

Situated in a pleasant cul-de-sac location this Freehold FOUR Bedroomed Detached residence offers potential for improvement and extension/s (subject to planning consent). The centrally heated and double glazed accommodation briefly comprises:- Enclosed Porch Entrance, Hallway, Two Reception Rooms, Conservatory, Kitchen, Laundry Room, Downstairs 2nd W.C., En-suite Shower Room off Bedroom 1, Family Bathroom. Outside there are good size gardens to the front and rear with multiple car parking facility to the front and Double Width Side Garage.

Ground Floor -

Enclosed Porch Entrance - Double glazed inner and outer doors, side double glazed windows.

Hallway - Laminate floor covering, central heating radiator, stairs leading off.

Lounge - 5.18m 1.22m x 4.27m 0.00m (17 4' x 14 0') - Double glazed bay window to front, central heating radiator, Adam style fireplace, coal effect gas fire fitted.

Dining Room - 3.35m 0.61m x 2.74m 0.30m (11 2' x 9 1') - Central heating radiator, double glazed patio doors to:-

Domed Rear Conservatory - 3.35m 1.52m x 3.05m 2.44m (11 5' x 10 8') - Power and lighting, double glazed windows and double glazed doors to rear garden.

Kitchen - 3.35m 1.22m x 2.44m 0.30m (11 4' x 8 1') - Base and wall cupboards, roll edge worksurfaces, 1 1/4 bowl single drainer sink, part tiled walls, central heating radiator, double glazed window to rear, understairs storage cupboard.

Laundry Room - 2.74m 2.74m x 1.22m 1.83m (9 9' x 4 6') - Single drainer stainless steel sink and cupboard under, wall cupboards, plumbing for domestic appliances.

2nd W.C. - Low flush w.c.

First Floor -

Landing -

Bedroom 1 - 3.35m 3.05m x 3.05m 1.52m (exc en-suite) (11 10' - Double glazed window to front, central heating radiator, built-in wardrobes with mirrored doors.

En-Suite Shower Room Off - Shower area with glazed screens and Triton shower fitted, pedestal wash hand basin, central heating radiator, double glazed window, laminate floor covering.

Bedroom 2 - 3.05m 1.83m x 2.44m 2.44m (10 6' x 8 8') - Double glazed window to rear, central heating radiator, fitted wardrobes.

Bedroom 3 - 2.74m 0.61m x 2.44m 3.05m (9 2' x 8 10') - Double glazed window to front, central heating radiator, fitted wardrobes.

Bedroom 4 - 2.74m 0.30m x 1.83m 1.83m (9 1' x 6 6') - Double glazed window to rear, central heating radiator, fitted wardrobes.

Bathroom - 1.83m 0.91m x 1.52m 2.44m (6 3' x 5 8') - Panelled bath, Triton overbath shower fitted, glazed shower screen, pedestal wash hand basin, low flush w.c., fully tiled walls, central heating radiator, double glazed window, sunken spot light fittings to ceiling.

Outside -

Double Width Side Garage - 4.88m 0.30m x 4.27m 2.74m (16 1' x 14 9') -

Gardens - To fore there are lawns, block paved driveway providing a multiple car parking facility.
Gated side access leads to the enclosed rear garden with patio, lawn, shrubs and a cold water tap.

Additional Information - Tenure - We understand that the property is Freehold, however we would advise all interested parties to have this information verified by a Legal Representative.

Council Tax - Band E - Solihull Metropolitan Borough Council.

Please note that there is a Water Meter fitted at the property.

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

£ 299700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 9000
  • 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

£ 29700
  • 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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