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£750,000 Offers over
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This large, detached, family home in Marlborough Avenue, in Aston Fields, offers spacious, versatile living accommodation, along with a superb location. The property was built in the 1930s and over the years has been extended and modified, while still maintaining some of its charming original features, making it an ideal family home.The property has a generous, sweeping driveway leading to a front garden area that is secluded from the road by established trees and planting. You enter the property via an enclosed double-glazed porch and once inside there is a hallway, lounge with bay window, a formal sitting/dining room with double doors to allow access and views onto the rear garden. Adjoining the sitting room there is a large utility room, a shower room and a fitted kitchen with views to the front and side of the property. The kitchen has a range of fitted solid wood kitchen units and worktops, a space for a table and chairs, integrated oven, electric hob, fridge and space for other free-standing appliances. On the first floor there are an array of rooms that really lend themselves to offering versatile space for a family. There is a generous split-level landing that has space for a study area/activity area and four large double bedrooms, a single bedroom/study and a main bathroom. In addition, there is an annex with two additional rooms and an en-suite shower room which has access from its own set of stairs out to the rear of the property, or via a lockable door to bedroom two. To the rear of the property there is a large, established garden with patio seating areas, a lawn and a variety of mature shrubs and trees and side access to the front. The property is within easy walking distance of Bromsgrove train station, just 0.5 miles away; offering links to London and Birmingham, along with cafes, bars, restaurants and other amenities located in nearby Aston Fields. It is also situated very close to local schools and is in the catchment for Finstall First School and Aston Fields Middle school which are both rated outstanding by Ofsted, South Bromsgrove High School' and Bromsgrove Independent School. It is just over two miles from the Tardebigge Locks on the Worcester & Birmingham Canal, offering extensive canal-side walks with stunning views of the Worcestershire countryside, including the Malvern Hills.Distances (approx.):Bromsgrove Train Station: 0.5 milesBromsgrove Town Centre: 0.8 milesAston Fields Centre: 0.2 milesFinstall First School': 0.8 milesAston Fields Middle School': 0.3 milesSouth Bromsgrove High School': 0.6 milesBromsgrove Independent Prep School: 0.7 milesM42 (Jct.1): 2.1 milesM5 (Jct.4 north): 4 milesM5 (Jct.5 south): 4.1 milesTenure: FreeholdEPC Rating: ECouncil Tax Band: FApprox. Floor Area: 238.9 sq m (2572 sq ft)Rear Garden Orientation (approx.): NorthFor 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.
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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