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£395,000
Bedrooms
Bathrooms
HMO LICENCED Virdee Estates are proud to present For Sale this seven bedroom terrace property. Comprising of having a porch, hallway, reception room, lounge, two fitted kitchens, ground floor bathroom, first floor bathroom and second floor bathroom. Further benefiting from having gas central heating, double glazing, basement with two rooms and two utility rooms and rear garden. Offered Freehold. EPC Rating: E53
Approach
Having a brick wall perimeter, slab paving and step leading to a upvc front door.
Porch
Having tiled flooring and a double glazed window to the front elevation.
Hallway
Having two ceiling light points, panelled radiator, stairs leading to the first floor and laminate flooring.
Reception Room
5.76m x 4.59m Into Alcoves
Having a ceiling light point, panelled radiator, fire surround, laminate flooring and a double glazed window to the front elevation.
Lounge
4.98m x 4.4m Into Alcoves
Having a ceiling light point, panelled radiator, gas fire with surround, laminate flooring and a double glazed window to the rear elevation.
Kitchen One
4.53m x 3.18m
Having a ceiling light point, wall and base units with worktop over, stainless steel sink with mixer tap over, laminate flooring and a double glazed window to the side elevation.
Kitchen Two
4.28m Minimum x 3.21m
Having a ceiling light point, wall and base units with worktop over, stainless steel sink with mixer tap over, ceramic splash back wall tiles, tiled flooring and a double glazed window to the side elevation.
Ground Floor Bathroom
1.60m x 3.17m
Having a ceiling light point, panelled radiator, hand wash basin, bathtub with mixer tap over, ceramic splash back wall tiles, tiled flooring and an obscure double glazed window to the side elevation.
Basement Room One
3.81m x 3.82m
Having a ceiling light point and tiled flooring.
Basement Room Two
3.24m x 3.51m
Having a wall light, panelled radiator and tiled flooring.
Basement Utility Room One
1.70m x 2.76m Max
Having a wall light, worktop with stainless steel sink, ceramic splash back wall tiles, tiled flooring and an obscure double glazed window to the front elevation.
Basement Utility Room Two
1.51m x 3.49m
Having a wall light, worktop with stainless steel sink, ceramic splash back wall tiles, wall mounted boiler and tiled flooring.
First Floor
Landing
Having a ceiling light point, panelled radiator and floorboards.
Bathroom
2.1m x 2.19m
Having a ceiling light point, panelled radiator, hand wash basin, bathtub with mixer tap over, ceramic splash back wall tiles, vinyl flooring and an obscure double glazed window to the side elevation.
Bedroom One
3.13m Minimum x 3.1m
Having a ceiling light point, panelled radiator, floorboards and a double glazed window to the rear elevation.
Bedroom Two
Bedroom Three
Bedroom Four
3.13m x 2.85m
Having a ceiling light point, panelled radiator, laminate flooring and a double glazed window to the front elevation.
Second Floor
Landing
Having a ceiling light point, floorboards and a single glazed window to the side elevation.
Bathroom
3.28m x 1.62m
Having several spotlights, panelled radiator, hand wash basin, bathtub with mixer tap over, ceramic splash back wall tiles, tiled flooring and an obscure double glazed window to the side elevation.
Bedroom Five
2.93m x 2.99m
Having a ceiling light point, panelled radiator, laminate flooring and a skylight to the front elevation.
Bedroom Six
4.70m x 4.15m Into Alcoves
Having a ceiling light point, panelled radiator, vinyl flooring and a skylight to the front elevation.
Bedroom Seven
4.90m x 4.6m Into Alcoves
Having a ceiling light point, panelled radiator, vinyl flooring and a double glazed window to the rear elevation.
Garden
Having a brick wall and fence perimeter with tiled paving.
General Information
Tenure
The property is Freehold.
The Agent has not checked the legal documents to verify the Freehold status of the property. The buyer is advised to obtain verification from their Solicitor or Surveyor.
Services
All mains services are understood to be available and connected.
Fixtures and Fittings
All fixtures and fittings mentioned in these particulars of sale are included in the asking price. All others are specifically excluded, but some items may be available by separate negotiation.
THINKING OF SELLING OR LETTING YOUR HOME
Virdee Estates would be delighted to carry out a FREE market appraisal of your property.
CALL NOW ON 0121 554 0330
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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