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£235,000
Bedrooms
Bathrooms
A well presented, Traditional, Freehold, centrally heated, double glazed 3 Bedroomed Semi-detached residence. Having Off Road Parking Space to fore plus Side/Rear Garage, Enclosed Porch Entrance, Hall, Lounge, Fitted Kitchen/Dining Room, Bathroom with Shower, Security Alarm and approximately 100ft South Facing Rear Garden.
A well presented, Traditional, Freehold, centrally heated, double glazed 3 Bedroomed Semi-detached residence. Having Off Road Parking Space to fore plus Side/Rear Garage, Enclosed Porch Entrance, Hall, Lounge, Fitted Kitchen/Dining Room, Bathroom with Shower, Security Alarm and approximately 100ft South Facing Rear Garden.
Ground Floor -
Enclosed Porch Entrance - Double glazed entrance door with matching side window panels.
Hallway - Laminate floor covering, central heating radiator, understairs store cupboard.
Lounge - 3.66m 2.74m x 2.74m 2.44m (12 9' x 9 8') - Double glazed bay window to fore, laminate floor covering, central heating radiator.
Fitted Kitchen/Dining Room - 4.88m 1.22m x 3.48m (16 4' x 115') - Matching fitted base and wall units, roll edge worksurfaces and breakfast bar, single drainer stainless steel sink, part tiled walls, cupboard housing Worcester gas fired central heating boiler, central heating radiator, double glazed window and double glazed doors to pleasant rear garden.
First Floor -
Landing - Side double glazed window and loft access.
Bedroom 1 - 3.96m 2.44m x 2.74m 3.05m (13 8' x 9 10') - Double glazed bay window to fore, central heating radiator.
Bedroom 2 - 3.66m 2.74m x 2.74m 3.35m (12 9' x 9 11') - Double glazed window to rear, central heating radiator.
Bedroom 3 - 1.83m 1.83m x 1.52m 2.13m (6 6' x 5 7') - Double glazed window to fore, central heating radiator.
Bathroom - Fully tiled walls, panelled bath, Triton overbath shower fitted, glazed shower screen, wash hand basin with store cupboard beneath, low flush w.c., central heating radiator, air extractor fan, double glazed window to rear.
Outside -
Side/Rear Garage -
Gardens - Off road car parking space and shared drive to fore.
Gated side access leads to the south facing rear garden which extends approximately 100ft and has 2 patio areas, brick built tool store, lawn and shrubs.
Additional Information - Tenure - We understand that the property is Freehold, however we would advise any interested parties to have this information verified by a Legal Representative.
Council Tax - Band B - Birmingham City 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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