3 bedroom detached for sale

£499,950

3

Bedrooms

1

Bathrooms

OVERVIEW Delightful three bedroom detached family home situated in the popular cul de sac location of Hainfield Drive located within easy reach of Solihull Town Centre, Birmingham Airport, NEC and the M42 motorway. Offered with no upward chain the immaculately presented accommodation includes welcoming entrance hall with guest cloakroom off, spacious lounge dining room with direct access to the rear garden, kitchen with separate utility room, three double bedrooms, recently refitted bathroom, garage and rear garden with south westerly aspect.



APPROACH The property iles back from the road behind tamacadem driveway with lawned area to side and pathway leading to the front of the property.





ENTRANCE HALL with upvc entrance door at front, radiator, understais storage cupboard and stairs to the first floor.

GUEST CLOAKROOM fitted with low level w.c., wash hand basin with tiled splash back, radiator and obscure double glazed window to the front.

SPACIOUS LOUNGE 22 7" x 10 11" (6.90m x 3.33m) having exposed brick fireplace with raised tiled hearth, radiator, double glazed bow window to the front with double glazed patio doors overlooking and providing access onto the rear garden.

KITCHEN 9 8" x 9 0" (2.96m x 2.76m) fitted with a matching range of base units having roll edge work surfaces and tiled splash backs with inset single drainer sink unit, gas cooker point, radiator and double glazed window to the rear. Further door leads to:-

UTILITY ROOM 10 2" x 7 8" (3.10m x 2.35m) having base unit inset single drainer sink unit, wall mounted gas combination boiler, double glazed window to rear with obscure double glazed door at side.

FIRST FLOOR

LANDING with obscure double window at side and from access can be gained to the loft space.

BEDROOM ONE 12 7" x 10 11" (3.86m x 3.33m) with radiator and double glazed window to the rear.

BEDROOM TWO 10 11" x 9 0" (3.34m x 2.76m) having double glazed window at rear and radiator.

BEDROOM THREE 9 10" x 9 2" (3.0m x 2.80m) with radiator and double glazed window.

REFITTED BATHROOM 9 7" x 5 10" (2.94m x 1.79m) having slate tiled flooring with complimentary wall tiling and fitted with white suite comprising panelled bath with shower attachment over, vanity wash hand basin, low level w.c., radiator, electric shaver point, obscure double glazed window and Linen/Airing Cupboard with radiator.

OUTSIDE



GARAGE with metal up and over door at front.

REAR GARDEN To the rear is an attractively presented garden with south westerly aspect having gated tardesmans entrances to both sides of the property, paved patio area extended to one side and lawn.

TENURE We are advised by the vendor that the property is FREEHOLD (subject to verification by your solicitor).

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

£ 415158.75

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 12498.75
  • 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

£ 40196.25
  • 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

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  %

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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