The Fazeley, Snow Hill Wharf, Shadwell Street, Birmingham, B4

1 /13
Available / For Sale

2 bedroom apartment for sale

£320,000

2

Bedrooms

Floorplan

A high specification, 6th floor, 2 bed 2 bath apartment with allocated parking and balcony in The Fazeley development at Snow Hill Wharf.

On a quiet stretch of the canal, Snow Hill Wharf is a modern collection of stylish apartments developed by St Joseph, part of the Berkeley Group. Located in the iconic Gun Quarter and less than a 5-minute walk to Snow Hill Station, this central area of the city is perfect for young professionals.

Snow Hill Wharf hosts a range of exclusive on-site residents facilities, which really are second to none. The concierge service is available 24-hours a day, offering you extra help with everything from deliveries to restaurant bookings. With round-the-clock access to the on-site gym featuring the very latest equipment as well as a sauna and steam room, you can stay fit and healthy whatever your schedule. And when its time to relax, you can either make use of the residents lounge or enjoy exclusive use of the residents cinema room where you can enjoy a screening of your favourite film. There are conferencing facilities when you want to work closer to home, plus meeting pods in the bright and airy garden room.

With three individually landscaped podium gardens, Snow Hill Wharf offers you the space to relax and unwind surrounded by nature. Each one draws inspiration from the rich, craft-manufacturing heritage of the Gun Quarter and is connected by pleasant walkways interspersed with flourishing borders and trees to create a unique sense of serenity all year round.

SPECIFICATION:

GENERAL
' Laminated Karndean Korlock flooring to hallway, kitchen and living room
' Carpets to bedroom
' Veneer ash stained apartment front doors
' Dark grey laminate internal doors
' Multi-point high security door locking system to entrance door with spy hole
' Dark bronze ironmongery throughout
' Fitted wardrobe to master bedroom
' Bosch freestanding washer / dryer
' Communal heating system to all apartments

ELECTRICAL
' LED downlights to hallway, kitchen, living room, bathrooms and utility room
' Ceiling pendant lighting to bedrooms
' Double socket with USB in dark bronze with black inserts to kitchen area and master bedroom
' TV / media points to living room and bedrooms
' Mini black touchscreen video and audio door entry system

KITCHEN
' Contemporary designed kitchen with handleless doors
' Slimline worktop with matching splashback
' Bosch black single oven
' Slimline telescopic cooker hood
' Bosch touch control integrated induction hob
' Fully integrated dishwasher
' Integrated full height 70 / 30 fridge-freezer

BATHROOMS
' Floor mounted Roca W/C with concealed cistern system
' Semi-recessed Roca basin with post-formed worktop and ceramic tiled housing
' Bath panel and vanity worktop in Avola grey
' Full width mirror to recess
' Electric feature towel warmer
' Brushed dark bronze robe hook
' Thermostatic controlled showers with mini handset and with ceiling mounted rain shower
' Thermostatic hand-held showers to baths
' Double ended bath
' Fixed bath screen in black trim
' Brushed dark bronze toilet roll holder

LEASEHOLD INFORMATION:
Service charge - 4,622 pa
Ground rent - 328 pa
Lease length - 250 years from June 2018

Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.

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

£ 266700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 8000
  • 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

£ 26700
  • 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

  %
  %
£
  %

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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