4 bedroom detached for sale

£530,000

4

Bedrooms

2

Bathrooms

Floorplan

Growing family This four-bedroom detached family home will afford you all the space you need to grow. With four double bedrooms, an en-suite, large private rear garden and parking a plenty, Southwood Gardens is all the home you will ever need. Having Brookfield senior school just 0.4 miles away and the Holly Hill Leisure Centre just beyond. Pop to the shops Locks Heath Shopping centre is just half a mile away, with all of lifes essentials right on your doorstep.
The inviting drive-in leads you to the red stone driveway providing off-road parking for four vehicles. Go through the entrance door into the spacious and light reception hall with ground floor toilet.

A large sitting room that runs from the front to the back of the house with dual-aspect windows allowing light to flood in from both ends of the room is as spacious as it is inviting. With an empty open fireplace that is ready for you. The dining room looks across the rear garden with large, double-glazed patio doors allowing lots of light in and becomes a room with a view. The kitchen comprises worksurfaces with storage above and below, an inset four-ring gas hob with electric oven beneath and extractor over. You have a one-and-half-bowl sink beneath the rear-facing window, breakfast bar and integrated gas-fired boiler. A double-glazed door to the side offers access to the rear garden or through the gated access to the front.

From the reception hall, which has a large window spanning the ground and first floor, the return staircase takes you onto the landing, which has an airing cupboard with lagged hot water cylinder, doors leading to the primary bedroom with a beautifully fitted en-suite shower room comprising a corner shower, close-coupled W.C. and wall mounted basin with waterfall tap.
A large spacious bedroom, overlooks the front of the house through the attractive dormer window and also has a large mirror-fronted double wardrobe. Bedrooms three and four are both double bedrooms. The modern family bathroom comprises a white three-piece suite with a P shaped bath with a waterfall mixer tap, and rain shower over, wall-mounted wash hand basin, close-coupled W.C. tiled floor, inset downlighters, chrome-heated towel rail and extractor fan.

The well-kept rear garden is enclosed by high-level wooden fence panelling, mature hedging and brick-built wall, and an outside tap. There is gated access on both sides and a raised terrace to relax on those warm summer evenings with a glass of something bubbly. To the front of the property there is parking for four vehicles and access to the integral garage with up and over door, power and light connected. Additionally, there are attractive borders with established shrubs.

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

£ 439950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 13250
  • 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

£ 42450
  • 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

Adjust these figures

  %

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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