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£150,000 Offers over
Bedrooms
Bathrooms
** online virtual smart viewing tour available **A three bedroomed mid-terraced property that has been well-loved but now in need of some modernisation in places. Set in a cul-de-sac position within a popular location in the Kings Norton area and offered for sale with no upward chain makes this an ideal property for the first time buyer or investor wanting to put their own mark on a property. This definitely is one not to be missed, early viewing is strongly recommended to avoid disappointment!
The property€™s accommodation briefly comprises; Open Porch, reception hallway, guest WC, lounge, kitchen diner with access out into the rear garden. The first floor comprises of three bedrooms and a family bathroom. Outside there is a rear garden that€™s ideal for sitting out in the finer weather. To the front is a communal unallocated parking bay providing off road parking. Viewing is essential to appreciate all that this property has to offer. Please note - the property is of non-standard timber frame mcalpines metratim/3231 construction.
A Mid Terraced Property
Being well-loved but now in need of some modernisation in places.
Open Porch
Reception Hallway
Lounge (4.47m x 3.5m)
Kitchen Diner (5.33m x 2.7m)
Guest WC (1.5m x 0.81m)
First Floor Landing
Bedroom One (4.11m x 2.67m)
Bedroom Two (3.89m x 3.25m)
Bedroom Three (2.6m x 2.36m)
Family Bathroom (2m x 1.88m)
Rear Garden
Tenure
We are advised the property is Freehold, although this is subject to verification by Solicitors.
Council Tax Band B
Agents Note:
Agents comment s please note - the property is of non-standard timber frame mcalpines metratim/3231 construction
We believe the land to the rear of the property has planning permission to build 18 Houses and recommend any buyer to obtain confirmation of all details via solicitors.
Viewings
By prior appointment with Leaders option 2)
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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