4 bedroom detached for sale

£999,999

4

Bedrooms

3

Bathrooms

2

Reception

Floorplan

This stunning detached house in Solihull boasts luxurious living with no chain, making it the perfect opportunity for those looking to move quickly. The property features 4 beautifully appointed bedrooms, 2 bathrooms, and an additional WC for added convenience. Two of the bedrooms come with en suite bathrooms, providing ultimate privacy and comfort.The double reception room offers a spacious and open plan living area, perfect for entertaining guests or relaxing with the family. The large garden is perfect for outdoor gatherings or simply enjoying the sunshine. The option to purchase the property fully furnished adds to the convenience of moving in right away.The property also includes a spacious garage for parking or additional storage. With great transport links and local amenities nearby, this house offers both comfort and convenience for its new owners.The house 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.



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

£ 818949.125

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
    £ 24999.975
  • 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

£ 68949.875
  • 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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