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153 Avon Road, , Cannock, , Staffordshire
£2,000,000
Bedrooms
Bathrooms
'' UNIQUE INVESTMENT OPPORTUNITY '' IMPRESSIVE DEVELOPMENT OF 18 APARTMENTS '' CONSISTING OF 4 X ONE BED, AND 14 X TWO BEDS '' TENANTS IN SITU '' IDEAL LOCATION CLOSE TO HEDNESFORD RAIL STATION ''WELL PRESENTED AND MAINTAINED '' COMMUNAL PARKING '' SPACIOUS OPEN PLAN KITCHEN/LIVING ROOM '' BATHROOM '' UPVC DOUBLE GLAZED '' CENTRAL HEATING ''
Webbs Estate Agents have pleasure in offering this unique opportunity to acquire 18 apartments on a private development. The development consists of 14 X two bed apartments and 4 One bed apartments all of which are very well presented and tenanted. Located close to Hednesford town centre and rail station, local amenities, shops and schools. ALL properties have central heating, individual access, open plan kitchen / diner / living and a bathroom. Outside there is ample communal parking. EARLY VIEWING IS ESSENTIAL.
Entrance Lobby / Porch -
Open Plan Living -
Kitchen Area -
Inner Lobby -
Bedroom 1 -
Bedroom 2 (Where Applicable) -
Shower Room -
Parking -
Identification Checks - Should a purchaser(s) have an offer accepted on a property marketed by Webbs Estate Agents they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is 28.80 inc. VAT per buyer, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.
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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