2 bedroom flat for sale

£300,000 OIRO

2

Bedrooms

2

Bathrooms

1

Reception

This stunning flat for sale in Solihull offers a modern and comfortable living space, perfect for individuals or small families. Situated in a sought-after residential area, this property boasts 2 bedrooms and 2 bathrooms, providing ample space for relaxation and privacy.As you enter the flat, you are greeted by a bright and spacious open plan dining room, offering plenty of natural light and a welcoming atmosphere. The dining area seamlessly flows into a stylish integrated kitchen, complete with sleek countertops, modern appliances, and ample storage space. This open layout is perfect for entertaining guests or enjoying meals with loved ones.The property features two well-appointed bedrooms, each offering a peaceful retreat. The master bedroom includes an en-suite bathroom, providing a touch of luxury and convenience. The second bedroom is also spacious and well-lit, with easy access to the second bathroom, which features modern fixtures and a pristine finish.Residents of this flat will have access to a range of excellent amenities within the building. A fully-equipped on-site gym allows you to maintain an active lifestyle without leaving the premises. Additionally, communal areas provide a space to socialize and relax, with beautifully landscaped gardens providing a serene environment.Convenience is further enhanced with an allocated parking spot, ensuring a hassle-free parking experience for residents and their guests.Solihull, a vibrant town in the West Midlands, offers a plethora of activities and attractions for residents and visitors alike.1. Touchwood Shopping Centre: Located in the heart of Solihull, Touchwood is a leading retail destination, providing a wide range of high street brands, designer boutiques, and specialty stores. Indulge in a day of retail therapy, accompanied by fantastic dining options.2. Tudor Grange Park: This scenic park offers beautiful landscapes, tranquil ponds, and walking trails, making it the perfect spot for picnics, leisurely walks, and outdoor activities. It also features a childrens play area, ideal for families with young children.3. National Motorcycle Museum: For motorcycle enthusiasts, the National Motorcycle Museum is a must-visit. Explore an extensive collection of vintage and modern motorcycles from different eras, and learn about the rich history of this iconic mode of transportation.4. Malvern and Brueton Park: This expansive park offers vast green spaces, picturesque lakes, and well-maintained walking trails. Its a fantastic place for outdoor exercise, leisurely strolls, or relaxing with a picnic by the water.5. Solihull Arts Complex: Enjoy an evening of entertainment at the Solihull Arts Complex, which encompasses a theater, gallery, and concert hall. Experience live performances, art exhibitions, and cultural events from local and international talents.6. Resorts World Birmingham: Located nearby, Resorts World is the ultimate leisure destination. It houses a variety of restaurants, a cinema, a spa, and a casino, providing a diverse range of entertainment options for all ages.With its abundance of amenities, natural beauty, and cultural offerings, Solihull offers a vibrant and fulfilling lifestyle for residents of this impressive flat.Agents Note We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales details are approximate. Subjective comments in these details imply the opinion of the selling Agent at the time these details were prepared. Naturally, the opinions of purchasers may differ. These sales details are produced in good faith to offer a guide only and do not constitute any part of a contract or offer. We would advise that fixtures and fittings included within the sale are confirmed by the purchaser at the point of offer. Anti Money Laundering (AML) We will appreciate your co-operation in fulfilling our requirements to comply with anti-money laundering regulations. As well as traditional methods of producing photographic ID and proof of address, Rouds as the Agent may also use an electronic verification system to meet compliance obligations for AML. This system allows us to verify you from basic details. You understand that we will undertake this search for the purpose of verifying your identity. Any personal data we receive from you for the purpose of money laundering checks will be processed only for the purposesWant To Sell Your Property? - Call Rouds on 0121 517 0490 to arrange your FREE no obligation valuation.Gym

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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

£ 250200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 7500
  • 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

£ 25200
  • 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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