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£150,000
Bedrooms
Bathrooms
A good size Freehold mid-terraced residence of Bryant Wallframe non-traditional construction. Radiator central heating, double glazing, enclosed porch entrance, Hallway, Fitted Kitchen/Dining Room, Lounge, Three bedrooms, Bathroom with shower, Gardens. No on-going chain.
A good size Freehold Mid-terraced residence of Bryant Wallframe non-traditional construction. Radiator central heating, double glazing, Enclosed Porch Entrance, Hallway, Fitted Kitchen/Dining Room, Lounge, Three Bedrooms, Bathroom with shower and Gardens.
No on-going chain.
Ground Floor -
Enclosed Porch Entrance - Store room off.
Hallway - Laminate floor covering, central heating radiator, stairs leading off.
Kitchen/Dining Room - 5.44m x 2.77m (1710' x 91') - Double glazed window to fore, matching base and wall units, roll edge work surfaces, single drainer stainless steel sink, tiled splashbacks, central heating radiator, laminate floor covering, good size store room off.
Lounge - 5.79m x 3.61m (190' x 1110') - Laminate floor covering, central heating radiator, double glazed window and double glazed door to rear garden.
First Floor -
Landing - 2 store rooms (one of which houses the Ariston gas fired central heating boiler).
Bedroom 1 - 3.76m x 3.35m (124' x 110') - Double glazed window, central heating radiator.
Bedroom 2 - 3.38m x 2.74m (111' x 90') - Double glazed window, built-in wardrobe, central heating radiator.
Bedroom 3 - 3.00m x 2.34m (910' x 78') - Double glazed window, central heating radiator.
Bathroom - Panelled bath, pedestal wash hand basin, overbath shower fitted, glazed shower screen, low flush w.c., double glazed window, central heating radiator.
Outside -
Gardens - Block-paved forecourt.
The rear garden is predominately paved, also timber decked area, screen fencing.
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 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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