4 bedroom detached for sale

£500,000

4

Bedrooms

Partridge Homes are delighted to present this four bedroom extended detached family home on Birmingham Road, Coleshill, offered with no upward chain. Recently improved by the current owners, the property features a welcoming porch and hallway, lounge/bedroom four, impressive open-plan kitchen/dining/family room, utility, ground floor WC, three generous double bedrooms to first floor, an office, and two stylish en-suitesone recently addedtogether with a tandem garage, ample driveway parking, solar panels, and a private enclosed rear garden. Perfectly positioned for family living, the home is within walking distance of Coleshills charming town centre with its array of shops, pubs, cafs, and everyday conveniences, and is well served by highly regarded schools including The Coleshill School, Coleshill C of E Primary and St Edwards RC Primary. Excellent transport links are close by, with Coleshill Parkway rail station, Birmingham Airport, the NEC, and major motorway networks (M6, M42, M6 Toll) all easily accessible, making this an outstanding opportunity for buyers seeking space, convenience, and community in a desirable location.

Approach
The property is set back from the road with driveway providing off road parking for several cars, fencing to boundaries, access to garage, gated access to rear garden, and door leading to porch.

Porch
Having door leading into entrance hallway.

Entrance Hallway
Having doors leading to lounge and open plan kitchen diner, central heating radiator, and stairs leading to first floor accommodation.

Ground Floor Bedroom (Bedroom 4) 4.19m (139) x 3.76m (124)
Currently been used as a fourth bedroom with double glazed bay window to front, and central heating radiator.

Open Plan Kitchen / Lounge / Diner 8.51m (2711) x 5.46m (1711)
Kitchen has been fitted with a range of wall, drawer, and base level units with work surface over incorporating sink with drainer and mixer tap over, gas hob with extractor hood over, oven, double glazed windows to side and rear, double glazed sliding door to rear garden, tiling to floors and splash prone areas, lounge and dining area, central heating radiator, and doors leading to garage and utility space.

Utility Area
Having space for white goods, and door leading to guest w/c.

Guest W/C
Having low level flush w/c, and wash hand basin.

First Floor Accommodation
Landing
Having doors leading to bedrooms, bathrooms, and office space.

Bedroom One 4.90m (161) x 2.84m (94)
Having double glazed window to rear, and central heating radiator.

Bedroom Two 4.88m (160) x 2.84m (94)
Having double glazed window to rear, central heating radiator, and door leading to jack and jill bathroom.

Bedroom Three 4.24m (1311) x 3.73m (123)
Having double glazed window to front and side, central heating radiator, and door leading to jack and jill shower room.

Office 2.06m (69) x 1.32m (44)
Having double glazed window to side.

Bathroom 3.05m (100) x 1.80m (511)
Located off of bedroom two and the hallway fitted with corner shower unit, bath, vanity sink unit with low level flush w/c, tiling to splash prone areas, obscure double glazed window to rear, and central heating towel rail.

Shower Room
Located off of bedroom three and landing fitted with shower unit, low level flush w/c, vanity sink unit, central heating towel rail, and tiling to splash prone areas.

Outside
Side Garage 7.39m (243) x 2.18m (72)
Having up and over garage door to front.

Rear Garden
Having lawned area, with fencing to boundaries.



Features
  • Freehold

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

£ 415200

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
    £ 12500
  • 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

£ 40200
  • 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.

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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

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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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