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£190,000
Bedrooms
Freehold mid-terraced offering good size, centrally heated, double glazed accommodation with off-road parking for two cars, enclosed porch entrance, Hallway, Lounge, fitted Kitchen/Dining Room (including fridge, freezer and hob), Three bedrooms, modern Bathroom with shower, gardens designed for ease of maintenance. No in-going chain.
Ground Floor -
Enclosed Porch Entrance - Double glazed entrance doors, laminate floor covering.
Hallway - UPVC double glazed front floor, laminate floor covering, central heating radiator with cover, stairs leading off to first floor.
Lounge - 3.94m x3.91m (1211' x1210') - Double glazed window to fore, laminate floor covering, central heating radiator.
Kitchen/Dining Room - 5.77m x 2.74m (1811' x 90') - Matching base and wall units, roll edge work surfaces, single bowl stainless steel sink, built-in oven and 4-ring gas hob unit with cylindrical cooker hood air extractor fan above, built-in fridge freezer, tiled splashback, double glazed window, large store/meter cupboard. Double glazed door to rear garden.
First Floor -
Landing - Cupboard housing Baxi gas fired central heating boiler, loft access.
Bedroom 1 - 4.01m x 3.66m max (132 x 120 max) - Double glazed window to fore, central heating radiator.
Bedroom 2 - 4.11m x 3.00m (136' x 910') - Double glazed window to rear, central heating radiator, built-in wardrobes
Bedroom 3 - 2.74m x 2.34m (90' x 78') - Central heating radiator, double glazed window to fore.
Bathroom - 2.34m x 1.70m (78' x 57' ) - White suite comprising of panelled bath, wash hand basin with store cupboard beneath, low flush w.c., Triton over bath shower fitted, glazed shower screen, UPVC clad walls, central heating radiator, double glazed window.
Outside -
Gardens - Designed for ease of maintenance. To the fore, block paved driveway providing off road parking for two cars. At the rear, timber decking, paving, shrubs, screen fencing.
Additional Information - Tenure - We understand that the property is Freehold, however we would advise interested parties to have this information verified by a Legal Representative.
Council Tax - -Band A - Solihull Metropolitan Borough Council.
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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