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£240,000
Bedrooms
Bathrooms
New to the market is this amazing three-bedroom property situated in the heart of West Bromwich. This property is like no other with the characterful features and sense of community as you drive up to the property. On your doorstep you have regular bus routes, linking you to Sandwell and Birmingham. There are many different amenities for you to explore with Sandwell Valley Country Park stones throw away from the property, plenty of shops, restaurants and bars for you to try.
As you enter the property you are greeted with a large reception room / diner, this room has large bay windows, allowing plenty of natural sun light. On the ground floor you also have the kitchen, which has plenty of storage and work top space.
As you make your way up the stairs you have the two double bedrooms and single room to the left. Both double doubled sized rooms have plenty of space for bedroom furniture. Also, on this floor is the family bathroom with a three-piece suite. Through the window you can see the low-maintenance garden with grass and slabbed areas, perfect place to sit in the summer.
This property has the bonus of a cellar, and a double garage with electric shutters. The garage has the potential to be converted to a home office or 2nd reception room.
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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