5 bedroom detached for sale

£345,000 Offers in excess of

5

Bedrooms

1

Bathrooms

Floorplan

''''IDEAL FOR FAMILIES - 5 BED FAMILY HOME IN A POPULAR AREA'''' This large detached 5 bedroom property is located in the Shelfield area of Walsall, near to good schools, parks and local amenities. The area has great transport links so will be a hit with commuters and families alike.

The property has a large lounge, large modern kitchen, separate utility area, downstairs w.c. Upstairs are four double bedrooms, a single bedroom and a family bathroom with separate w.c. The property benefits from gas central heating and double glazing throughout, an enclosed rear garden and a driveway and garage.

Early viewing is highly recommended.

Tenure: Freehold

Council tax: D

EPC: C

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.

Successful buyers will be required to complete anti-money laundering checks. Thirdfort will carry out the initial checks on our behalf. The non-refundable cost is 49 inc. VAT per buyer. Youll need to pay this and complete all checks before we can issue a memorandum of sale.

Lounge3.32 x 7.20

Lounge with feature window, patio doors and accessibility lift.

Kitchen2.32 x 7.90

With modern fitted wall and base units and integrated oven, hob and extractor.

Utility2.40 x 3.08

Separate utility area with space for 2 appliances and internal access to the garage.

Bedroom One3.83 x 4.09

Located above the lounge with accessibility lift and window to the front of the property.

Bedroom Two3.33 x 4.21

Large double bedroom located at the front of the house.

Bedroom Three4.25 x 3.01

Double bedroom positioned at the rear of the property with views of the rear garden.

Bedroom Four3.34 x 3.52

Double bedroom positioned at the front of the property.

Bedroom Five2.06 x 2.69

Single bedroom positioned at the rear of the property.

Bathroom2.78 x 1.170

Having bath and separate walk in shower cubicle with rainfall shower and vanity basin.

W.C.1.13 x 1.63

Adjacent to the family bathroom

EPC rating: C. Tenure: Freehold,

Features
  • Freehold

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 287325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 28575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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