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£530,000
Bedrooms
Bathrooms
This is a super private spot, tucked in a corner position and sat well back off Locks Heath Park Road at the end of a shared driveway. There is parking for two cars in front of the double garage and further space alongside for another vehicle or trailer etc. Built in the 1980s this is a home that would suit someone with the imagination and flair to update and modernise the property as it retains its coloured bathrooms and original kitchen. The windows are UPVC double glazed and the boiler has been replaced, there are solar panels providing subsidised electricity and an income from the feed in tariff as well as a solar hot water system.
A smart composite front door opens into the porch where there is a useful built in cloaks cupboard for coats. The sitting room spans the width of the house and has a feature brick fireplace with gas flame effect fire. A door and glass panel lead into the hallway with doors off to the cloakroom, kitchen and dining room with a useful under stairs storage cupboard too. The dining room is adjacent to the kitchen and we feel that could all be opened into one large space so popular for families nowadays. The kitchen is fitted with oak fronted wall and base units with a built in oven and hob. The utility room has plumbing for the washing machine and space for a fridge/freezer.
The first-floor offers four generous bedrooms, with the master benefiting from built in and fitted wardrobes as well as an en-suite shower room. Theres a further fitted wardrobe to bedroom two and a family bathroom which is fitted with the original champagne coloured suite comprising panel bath with shower over, WC and wash hand basin.
Outside, the garden has various areas of interest from the raised patio area for outside dining, to the pond with water feature, and the well-established shrub and flower beds. There is a garden shed, summer house and a greenhouse, one side of the garden is walled, the remainder enclosed by timber fencing.
If you think you could make this place home and would like to have a look insidegive us a call as wed love to show you round.
Please note:
This is a probate sale, at the time of instruction we await the grant of probate which will be required prior to exchange of contracts.
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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