4 bedroom detached for sale

£650,000 Offers over

4

Bedrooms

OVERVIEW Offering spacious family accommodation this substantially extended detached residence is situated in popular cul de sac off Widney Lane in Solihull within easy access of Solihull Town Centre and excellent range of primary and secondary schooling. The well presented accommodation includes to the ground floor welcoming entrance hallway, family lounge, separate dining/living room, spacious kitchen leading to conservatory, downstairs cloaks/utility room. On the first floor is the master bedroom with ensuite shower room, three further good sized bedrooms and large family bathroom. It is set back from the road behind block paved driveway providing parking for several vehicles together with private rear garden

GROUND FLOOR

ENTRANCE HALL having composite entrance door to the front, obscure double glazed window at side, tile effect flooring and radiator.

INNER HALLWAY with radiator, tile effect flooring, ceiling spot lights and stairs to the first floor.

FAMILY LOUNGE 22 4" x 13 5" (6.81m x 4.09m) having two radiators, wood effect flooring and double glazed bow window to the front.

GUEST CLOAKROOM/UTILITY ROOM 7 6" x 5 6" (2.30m x 1.68m) having range of fitted cupboards, roll edge work surface area with space and plumbing under for washing machine, radiator, low level w.c.wash hand basin tiled flooring and roof light.

SPACIOUS KITCHEN 16 6" x 11 0" (5.04m x 3.37m) being fitted with an extensive range of modern contemporary units having granite work surfaces with inset twin bowl Belfast style sink unit with shower mixer tap over, space for range style cooker with canopy extractor hood over and integrated dishwasher. There is additional space for American style fridge/freezer, double glazed window to rear, tiled flooring and under stairs storage/pantry cupboard off.

CONSERVATORY 10 3" x 7 10" (3.14m x 2.40m) leading directly from the kitchen having radiator, tiled flooring and double glazed windows to side and rear with double glazed French doors opening onto the rear patio.

REAR LIVING ROOM 12 7" x 10 10" (3.85m x 3.31m) with wood effect flooring, vertical radiator, double glazed windows to side and rear with upvc double glazed door giving access to the rear garden.

FIRST FLOOR

LANDING from which lead:-

MASTER BEDROOM 12 7" x 10 8" (3.85m x 3.27m) plus 12 1" x 6 5" (3.70m x 1.97m) with double glazed window to the front, heated towel and access to loft space.

EN SUITE SHOWER ROOM having large walk in shower cubicle with fitted thermostatic shower unit, vanity wash hand basin, low level w.c., heated towel rail and obscure double glazed window to the front.

BEDROOM TWO 16 4" x 7 0" (5.0m x 2.14m) with radiator, wood effect flooring and double glazed windows to front and side.

BEDROOM THREE 11 0" x 9 10" (3.36m x 3.0m) with double glazed window to the rear, built in wardrobe/storage cupboard and radiator.

BEDROOM FOUR 9 10" x 9 7" (3.0m x 2.94m) with double glazed side window and radiator.

LARGE FAMILY BATHROOM 14 7" x 6 4" (4.46m x 1.94m) being half tiled to compliment the modern four piece suite which includes corner bath with shower attachment, separate corner shower cubicle with thermostatic shower unit, vanity wash hand basin, low level w.c., tiled flooring and two obscure double glazed window to the rear.

OUTSIDE To the rear is a private garden with side access having full width paved patio area with lawn beyond having railway sleeper edging and herbaceous borders.

GARAGE 17 0" x 7 9" (5.19m x 2.38m) having metal up and over door to the front, power and light points, hot/cold water taps and door to the inner hall.

TENURE We are advised by the vendor that the property is FREEHOLD (subject to verification 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

£ 538950

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
    £ 16250
  • 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

£ 51450
  • 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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