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153 Avon Road, , Cannock, , Staffordshire
£635,000
Bedrooms
Bathrooms
'' NO CHAIN '' FULLY FREEHOLD '' FOUR TWO BEDROOM APARTMENTS '' THREE DOUBLE GARAGES '' POPULAR LOCATION '' FANTASTIC ANNUAL RENTAL INCOME OF 35,820 ''
WEBBS ESTATE AGENTS have pleasure in offering this FREEHOLD block of flats presents a fantastic investment opportunity, situated in a popular location being close to all local amenities, Hednesford Town Centre & Train Station. Benefiting from 35,820 per annum rental income. All FOUR APARTMENTS feature two bedrooms each, ideal for comfortable living, along with a bright reception room perfect for relaxing or entertaining guests. The properties also include a bathroom for added convenience, with their own private entrances.
Convenience is key with parking available, ensuring you always have a place to park in this bustling area. The flats are thoughtfully designed with double glazing and gas central heating, providing a cosy and energy-efficient living space. There are three double garages currently used for additional parking and storage, which also offers a great opportunity for further development.
Awaiting Vendor Approval -
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.
153 Avon Road, , Cannock, , Staffordshire
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