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£470,000
Bedrooms
Bathrooms
A well extended Freehold Detached residence, set well back behind a block paved driveway providing a multiple car parking facility.
The property benefits from central heating and double glazing and comprises of:- Enclosed Porch Entrance, Welcoming Reception Hall, Three Reception Rooms (with the rear room being extended), Extended Kitchen/Breakfast Room, Laundry Room, Fitted Guest Cloakroom, Four Double Bedrooms (En-Suite Shower Room off Bedroom 1), Family Bathroom, Side Garage and Pleasant Rear Garden.
A well extended Freehold Detached residence, set well back behind a block paved driveway providing a multiple car parking facility. The property benefits from central heating and double glazing and comprises of:- Enclosed Porch Entrance, Welcoming Reception Hall, Three Reception Rooms (with the rear room being extended), Extended Kitchen/Breakfast Room, Laundry Room, Fitted Guest Cloakroom, FOUR Double Bedrooms (En-Suite Shower Room off Bedroom 1), Family Bathroom, Side Garage and Pleasant Rear Garden.
Ground Floor -
Enclosed Porch Entrance -
Welcoming Reception Hall - Central heating radiator.
Fitted Guest Cloakroom - Wash hand basin with store cupboard beneath, low flush w.c., part tiled walls, air extractor fan.
Front Reception Room - 5.79m 0.00m x 3.35m 1.83m (19 0' x 11 6') - Double glazed bay window to fore, central heating radiator, Adam style fireplace, coal effect fitted gas fire.
Extended Rear Reception Room - 3.96m 0.30m x 3.35m 1.83m (13 1' x 11 6') - Extending into:-
Additional Sitting Room - 3.66m 1.83m x 3.35m 2.44m (12 6' x 11 8') - Double glazed windows looking out to pleasant rear garden, central heating radiator.
Extended Kitchen/Breakfast Room - 7.32m 2.13m x 4.27m 0.30m (24 7' x 14 1') - Matching base and wall units, roll edge worksurfaces, 1 and 1/4 bowl single drainer sink, built-in double oven and 4 ring gas hob unit, cylindrical cooker hood air extractor fan, tiling to splash prone areas, laminate floor covering, sunken spot light fittings to ceiling, 2 double glazed patio door to rear garden.
Laundry Room - 3.66m 3.05m ' x 1.52m 3.35m (12 10 ' x 5 11') - Single drainer stainless steel sink with cupboard beneath, double glazed door to rear garden, tiled floor covering.
Reception Room 3 - 6.10m 0.00m x 2.74m 0.61m (20 0' x 9 2') - Double glazed window to fore, laminate floor covering.
First Floor -
Landing - Double glazed window, store cupboard.
Bedroom 1 - 3.66m 2.74m x 3.35m 1.83m (12 9' x 11 6') - Double glazed window to rear, fitted wardrobes and over head cupboards, dressing table, central heating radiator. Door to:-
En-Suite Bathroom - Panelled bath, pedestal wash hand basin, low flush w.c., shower cubicle with fitment, central heating radiator, double glazed window, part tiled walls.
Bedroom 2 - 4.27m 0.30m x 3.35m 1.83m (14 1' x 11 6') - Double glazed window to fore, central heating radiator.
Bedroom 3 - 3.66m 0.61m x 2.74m 1.83m (12 2' x 9 6') - Double glazed window to fore, central heating radiator.
Bedroom 4 - 2.74m 0.61m x 2.13m 2.13m (9 2' x 7 7') - Double glazed window to fore, central heating radiator.
Family Bathroom - 2.44m 3.05m x 2.44m 3.05m (8 10' x 8 10') - Panelled bath, wash hand basin with store cupboard beneath, low flush w.c., shower cubicle with shower fitment, fully tiled walls, central heating radiator, double glazed window, tiled floor covering.
Outside -
Side Garage - Power and lighting, Vaillant combination gas fired central heating boiler.
Good Size Gardens - Block paved drive and lawn to fore.
At the rear there is a patio, lawn, flower and shrub borders, tradesmans side entrance.
Additional Information - Tenure - We understand that the property is Freehold, however we would advise interested parties to have this verified with their Legal Representative.
Council Tax - Band F - 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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