6 bedroom detached for sale

£650,000 Offers over

6

Bedrooms

4

Bathrooms

3

Reception

Floorplan

Situated in the highly desirable Oakalls Estate, in Bromsgrove, this six-bedroom detached home offers an abundance of living space, perfect for modern family life. With a loft conversion featuring an en-suite and dressing room, a large kitchen/family room with bifold doors, and two further reception rooms, this home is perfect for a growing family. The property is approached via a large blocked paved driveway accommodating parking for at least three vehicles, with access to the double garage. Once inside the entrance hallway, to the left there is the living room, downstairs WC and large storage cupboard and to the right the dining room which is a flexible space that could be used as a snug, home office or playroom. Straight ahead you enter the open plan kitchen/family room, a contemporary and spacious hub of the home, perfect for entertaining and family gatherings with bifold doors that open out onto a large patio, with a private split level rear garden beyond. The Kitchen features modern fittings and ample storage and there is a useful utility room also. On the first floor there are five bedrooms, two ensuites and a family bathroom. The largest bedroom on this floor benefits from an en-suite and three double fitted wardrobes. Bedrooms three and four share a Jack and Jill en-suite, providing seamless access perfect for family living or guest accommodation, and bedroom three has a double fitted wardrobe. In addition there are two further bedrooms and a family bathroom. The loft has been converted with building regulations approval, into a sixth, expansive bedroom with its own ensuite and dressing room. The Oakalls is close to Aston Fields which has a lively village feel with popular cafes, restaurants, bars and other amenities making it an ideal location for families and professionals. Transport links are excellent with easy access to the M5 and M42 motorway and Bromsgrove railway station in Aston Fields is just in easy walking distance. The property is situated very close to sought after local schools and is in the catchment for Finstall First School and Aston Fields Middle school which are both rated outstanding by Ofsted and South Bromsgrove High School' which is rated good. Tenure: FreeholdEPC Rating: CCouncil Tax Band: FApprox. Floor Area: 202.9sq m (2184sq ft)Rear Garden Orientation (approx.): North WestFor room measurements please refer to the floorplan. Living in the catchment area of a school will usually give you a high priority for places but does not guarantee admission. 'The property is believed to be freehold by the current owners. This will be verified during the legal process by the conveyancers.The information provided about this property does not constitute or form part of an offer or contract. All descriptions, dimensions, references to condition, and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct at the time of publication. However, they are intended to give a general outline only and do not constitute any part of an offer or contract. Prospective purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person in the employment of Guest Estate Agents has any authority to make or give any representation or warranty whatsoever in relation to this property.Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.Services: Please note that we have not tested the services or any of the equipment or appliances in this property. Accordingly, we strongly advise prospective buyers to commission their own survey or service reports before finalizing their offer to purchase.Photographs and particulars: Photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements, and distances given are approximate only.



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

£ 538950

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
    £ 16250
  • 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

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£

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

£ 51450
  • 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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