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£190,000 OIRO
Bedrooms
Bathrooms
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This stunning 2 bedroom flat in Solihull, West Midlands is now available for sale at 190,000.00. The property boasts a modern and stylish interior, with a spacious living area, a fully fitted kitchen, and two well-appointed bathrooms. The master bedroom features an en-suite bathroom, providing extra privacy and convenience for the lucky new owners. The second bedroom is also a good size, perfect for guests or for use as a home office.The apartment is located in a desirable area of Solihull, known for its excellent schools, beautiful parks, and great transport links. The property is within walking distance of local amenities, including shops, restaurants, and cafes, making it the perfect place for both young professionals and families.Residents of Solihull can enjoy a variety of activities and attractions in the local area. For those who love shopping, the Touchwood Shopping Centre is a must-visit destination, offering a wide range of high street and designer stores. History buffs will enjoy visiting the historic Tudor Grange Park and House, while nature lovers can explore the beautiful Malvern and Brueton Park.Sports enthusiasts can take advantage of the excellent leisure facilities in Solihull, including the Tudor Grange Leisure Centre and the nearby golf courses. The town also hosts a number of events and festivals throughout the year, providing plenty of opportunities for entertainment and socializing.Overall, Solihull offers a high quality of life for residents, with its mix of urban amenities and green spaces. This flat in Solihull presents a fantastic opportunity for anyone looking to buy a property in a vibrant and thriving area of the West Midlands.
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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