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£220,000
Bedrooms
A well presented Freehold Three Bedroomed End Terraced residence with gas fired radiator central heating, double and secondary glazing, block paved driveway to fore providing a multiple car parking facility, Enclosed Porch Entrance, Hallway, Guests Cloakroom/W.C. Lounge, fitted Kitchen/Dining Room (including appliances) Shower room, well laid out rear garden, security alarm.
A well presented Freehold Three Bedroomed End Terraced residence with gas fired radiator central heating, double and secondary glazing, block paved driveway to fore providing a multiple car parking facility, Enclosed Porch Entrance, Hallway, Guests Cloakroom/W.C. Lounge, fitted Kitchen/Dining Room (including appliances) Shower Room, well laid out rear garden and security alarm.
Ground Floor -
Enclosed Porch Entrance - Double glazed entrance door, meter and bin store cupboards.
Hallway - Central heating radiator, recess understairs.
Guests Cloakroom - Low flush W.C., wash hand basin with store cupboard beneath, window.
Lounge - 4.47m x 3.58m (148' x 119') - Double and secondary glazed windows to fore with fitted blinds, carpet as laid, central heating radiator, Adam style fireplace.
Fitted Kitchen/Dining Room - 5.44m x 3.58m (1710' x 119') - Matching base and wall units, roll edge work surfaces, single drainer sink, part tiled walls, integrated dishwasher, central heating radiator, double glazed window. Sliding double glazed patio doors with fitted vertical blinds opening to the rear garden, free-standing gas cooker, cooker hood air extractor fan, washing machine, integrated fridge/freezer, two storage cupboards, tiled and wood effect floor coverings. Pantry off.
Downstairs W.C. -
First Floor -
Landing - Carpet as laid, spindle balustrade, built-in clothes cupboard, loft access, cupboard housing gas fired central heating boiler.
Bedroom 1 - 3.78m x 3.53m (125' x 117') - Double and secondary glazed window to fore, fitted mirror fronted wardrobes to one wall, central heating radiator.
Bedroom 2 - 3.81m x 3.56m (126' x 118') - Carpet as laid, double and secondary glazed window to rear with fitted blinds, central heating radiator.
Bedroom 3 - 2.69m x 2.59m (810' x 86') - Carpet as laid, double and secondary glazed window to fore with fitted blinds, fitted wardrobes, central heating radiator.
Re-Fitted Shower Room - Complimentary fully tiled walls, shower cubicle with glazed screens and Bristan shower fitment, air extractor fan, wash hand basin with store cupboard beneath, low flush W.C., chrome central heating radiator, double glazed window, sunken spotlight fittings to ceiling.
Outside -
Gardens - To the fore block paved driveway providing a multiple car parking facility.
Covered side tradesman entrance leads to the rear garden with patio, lawn, pathway, screen fencing, two storage sheds.
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 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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