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£195,000
Bedrooms
Bathrooms
A well presented modern Freehold End Terraced residence situated in a popular development of similar privately owned houses leading off Brownfield Road. Double glazing, modern electric panel heaters (replacing the original storage heaters) and solar panels, allocated car parking space, Hallway, rear lounge, fitted kitchen (including oven and hob), Two bedrooms (wardrobes in one), re-fitted Bathroom with shower, neat gardens. Internal viewing is strongly recommended.
A well presented modern Freehold End Terraced residence situated in a popular development of similar privately owned houses leading off Brownfield Road. Double glazing, modern electric panel heaters (replacing the original storage heaters) and solar panels, allocated car parking space, Hallway, rear lounge, fitted kitchen (including oven and hob), Two bedrooms (wardrobes in one), re-fitted Bathroom with shower, neat gardens. Internal viewing is strongly recommended.
Ground Floor -
Canopy Porch Entrance - UPVC double glazed front door.
Hallway - Laminate floor covering, electric panel heater. Stairs leading off.
Fitted Kitchen - 2.59m x 2.34m (86' x 78') - Modern fitted base and wall units, work surfaces, single drainer, stainless steel sink, built-in oven and 4-ring ceramic hob unit with cylindrical cooker hood air extractor fan above, complimentary tiled splashbacks, plumbing for automatic washing machines, double glazed window to fore.
Lounge - 3.91m x 3.58m (1210' x 119') - Laminate floor covering, electric panel heater, storage cupboard, double glazed French doors opening to rear garden.
First Floor -
Landing - Airing Cupboard off.
Bedroom 1 - 3.94m x 2.34m (1211' x 78') - Wardrobes to one wall, double glazed window to rear, electric panel heater.
Bedroom 2 - 2.79m x 1.98m (92' x 66') - Double glazed window to fore, electric panel heater, built-in wardrobe, loft access.
Re-Fitted Bathroom - 1.83m x 1.65m (60' x 55') - Partially tiled walls, panelled bath, wash hand basin with store cupboards beneath, low flush W.C., Mira over bath shower fitted, glazed shower screen, heated towel rail, double glazed window.
Outside -
Neat Gardens - Gravel and pathway to fore. At the rear the garden has screen fencing, front and rear patio areas, lawn, shrub borders.
Allocated Car Parking Space - To the fore.
Additional Information - Tenure - We are advised that the property is Freehold, however, interested parties should verify this information with a legal representative.
Council Tax - 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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