3 bedroom detached for sale

£563,500 OIRO

3

Bedrooms

1

Bathrooms

Floorplan

Martin & Co are pleased to offer this superbly presented spacious family detached property. Situated in one of Sutton Coldfields most sought after neighbourhoods located just moments away from Boldmere High Street, youll enjoy easy access to local shops, cafes, reputable schools and excellent transport links. Nestled just a stroll away from Sutton Park an internal viewing is highly recommended.

Approached via a good sized driveway with enclosed porch entrance that leads to the reception hallway with guest W.C. with wash basin. There is a lovely welcoming lounge that has sliding doors that can be opened up to the dining area ideal to entertain family and friends. There is a fitted kitchen with a range of wall and base units and a utility with front and rear entry. The garage has been converted into a lovely snug ideal for an extended family.
On the first floor is a landing with access to the three double bedrooms that are accompanied by the family bathroom.
To the rear is a lovely lawned garden ideal for easy maintenance with patio perfect for garden furniture. The front provides plenty of off road parking.

AN INTERNAL VIEWING IS HIGHLY RECOMMENDED



PORCH

HALLWAY

LOUNGE 15 10" x 11 5" (4.83m x 3.48m)

DINING ROOM 11 4" x 9 11" (3.45m x 3.02m)

SNUG 15 9" x 7 10" (4.8m x 2.39m)

FITTED KITCHEN 9 10" x 9 9" (3m x 2.97m)

GUEST W.C.

UTILITY 10 11" x 5 5" (3.33m x 1.65m)

LANDING

BEDROOM ONE 14 0" x 11 4" (4.27m x 3.45m)

BEDROOM TWO 11 4" x 9 9" (3.45m x 2.97m)

BEDROOM THREE 12 11" x 8 10" (3.94m x 2.69m)

BATHROOM 9 10" x 9 9" (3m x 2.97m)

REAR GARDEN

FRONT DRIVEWAY

GENERAL INFORMATION COUNCIL TAX BAND - E

FIXTURES AND FITTINGS as per sales brochure.

TENURE
Martin and Co has been informed that the property is freehold. The agent has not received confirmation from the vendors solicitors and therefore would advise any interested parties to verify this information via their own solicitor.

Martin and Co has not tested any fixtures, heating systems or services and so cannot verify that they work or are fit for purpose. Any buyer is advised to obtain verification from their Solicitors/Surveyors. All measurements are approximate.

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

£ 467587.5

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
    £ 14087.5
  • 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

£ 44962.5
  • 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

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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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