3 bedroom semi-detached for sale

£284,950

3

Bedrooms

1

Bathrooms

Floorplan

Midland Residential is pleased to present this extended 3-bedroom Semi Detached house located in the popular and much sought-after location of Walsall Road Great Barr. Having off-road parking and garage to the fore: To the ground floor: Porch and entrance hallway, two reception rooms, and kitchen with a utility, store, WC and garage access leading thereof, whilst having access to the mature rear patio and garden area. On the first floor, three good-sized bedrooms, and a family bathroom with a separate WC. Being ideally located for public transport with bus and train routes connecting Birmingham and Walsall and the wider region of West Bromwich and Sutton Coldfield, whilst also being ideally located near the M5 and M6 motorway network. Being also ideally located near Scott Arms shopping parade along with easy access to One Stop Shopping Centre. The property is located in a good catchment area for several local primary and secondary schools with access to the local parks of Perry Park, Perry Hall Park, Merrions Wood and Barr Beacon. The property is in need of modernisation and offers the potential to make for a larger family home. There is no onward chain and we are lead to believe the property is Freehold. The seller has advised us they will be removing and replacing the decorative glass panes before the sale completes. EPC rating F, Council tax band D. Viewing strictly by appointment only.

Approach

Having a mature lawn with mature flower beds, off-road parking and garage access

Porch

Having wooden doors, with gas and electric meter points, ceiling light point, with a door leading to:

Entrance Hallway

Having a wooden front door with two side windows, ceiling light point, central heating radiator, under stairs storage provision, with doors leading there off

Front Reception Room (4.4 x 3.3 (145" x 109" ))

Having a timber framed 5-sided bay window, ceiling light point

Rear Reception Room (4.2 x 3.6 into bay (139" x 119" into bay ))

Having a three-sided bay to the rear with door access leading to the rear, ceiling light point

Kitchen (3.4 x 2.3 (widest point) (111" x 76" (widest poi)

Having a selection of wall and base units, with laminated work surface, wall tiles, stainless steel sink with mixer tap over, single glazed timber framed window to the rear, ceiling light point, with door leading thereoff:

Side Utility

Having ceiling light point, sink with Ariston water heater above, door access through to an enclosed store room, door access through to a WC, door access through to a garage at the fore, door access leading to the rear garden.

Stairs & Landing

Having an l-share staircase leading to the first-floor landing, with enclosed cupboard storage leading off the stairs, ceiling light point, loft hatch access and doors leading thereof:

Bedroom 1 (3.5 x 4.3 (115" x 141" ))

Having two single glazed windows to the fore with secondary glazing, having single glazed window to the rear, ceiling light point

Bedroom 2 (4.5 into bay x 3.3 (149" into bay x 109" ))

Having a timber framed 5 sided bay window, ceiling light point, built-in closet

Bedroom 3 (4.4 into bay x 3.6 (145" into bay x 119" ))

Having a timber framed 3-sided bay window, ceiling light point

Bathroom (1.7 x 2.4 (56" x 710" ))

Having a bath with side panel, wash hand basin, pedestal with hot and cold tap, electric shower, electric wall heater, single glazed window, built-in airing cupboard

Rear Garden

Having a slabbed patio to the rear with a well-kept mature rear garden with fencing in part to the boundary.

These particulars, whilst believed to be accurate are set out as a general outline for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. This property is being handled by Midland Residential. We would be delighted to discuss the purchase with you and to assist with any queries you may have regarding the property, arranging a mortgage or giving a sale valuation on your existing home. These Particulars of Sale were prepared and photographed by Midland Residential. Items contained within the property will not remain when the sale completes unless by separate negotiation.
Disclaimer notice: Consumer Protection from Unfair Trading Regulations 2008: The Agent has not tested any apparatus, equipment, fixture, fittings or services, and so does not verify they are in working order, fit for their purpose, or within the ownership of the sellers, therefore the buyer must assume the information given is incorrect. Neither has the Agent checked the legal documentation to verify the legal status of the property or validity of any guarantee. A buyer must assume the information is correct until it has been verified by their own solicitor. All measurements in these sales particulars are approximate and photographs are deemed representative of the property but no assumption should be made in respect of the property or locality which might not be shown. Items shown in photographs are not included unless specifically mentioned in writing with the sales particulars. A separate negotiation may be available.
Misrepresentation Act 1967: These particulars are not to be regarded as an offer or a contract. Statements about the property are without responsibility on the part of Midland Residential, or their client, nor are they to be relied on as representations of fact. The applicant should satisfy himself by inspection or otherwise as to the accuracy of the particulars. No representation or warranty about the property is given by the client or the Agents or any of their employees authorised to do so.
Tenure: We have been advised by the vendor that the property is Freehold. The agent has not had sight of the title documents and therefore, a prospective buyer is advised to obtain verification from their solicitors.
Money Laundering Regulations: Intending purchasers will be asked to produce documentation at the offer stage. We ask for your co-operation to prevent a delay in agreeing the sale.



Features
  • Freehold

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

£ 237783.75

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
    £ 7123.75
  • 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

£ 24071.25
  • 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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