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£549,950
Bedrooms
Nestled in the desirable location of Sharmans Cross Road, this property presents an exceptional opportunity for those seeking a project with immense potential. Located in close proximity to reputable schools and within easy reach of local amenities, this residence offers convenience and promise in equal measure.
Upon arrival, youll be greeted by a charming facade that hints at the possibilities within. Step inside to discover two reception rooms, providing versatile spaces for living, dining, or entertaining. With ample natural light streaming through the windows, these rooms offer a welcoming ambiance for gatherings with friends and family.
The kitchen, alongside a convenient utility area, presents the ideal canvas for creating your dream culinary space. With a little imagination and creativity, you can transform this area into a modern hub for cooking and dining, tailored to your unique tastes and preferences.
Venture outside to explore the generously sized garden, a blank canvas waiting to be transformed into your own private oasis. Whether you envision lush greenery, vibrant blooms, or a tranquil retreat, this outdoor space offers endless possibilities for relaxation and recreation.
Upstairs, three well-proportioned bedrooms await, providing comfortable accommodation for the whole family. The family bathroom offers functionality and potential for renovation, allowing you to design a space that suits your lifestyle and preferences.
Completing the picture is off-road parking, ensuring convenience and peace of mind for you and your guests.
While this property may require modernization, its fantastic potential is evident at every turn. Whether youre a seasoned investor or a homeowner with a vision, this residence offers the perfect opportunity to create a home tailored to your exact specifications. Dont miss your chance to unlock the possibilities of this Solihull gemschedule a viewing today and prepare to be inspired.
FULL DETAILS TO FOLLOW
Approach
Entrance Hallway
First Floor Accommodation
Landing
Outside
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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