3 bedroom mid terraced for sale

£210,000

3

Bedrooms

1

Bathrooms

2

Reception

DESCRIPTION This is a great, mid-terrace home in a sought after location! Two reception rooms, three bedrooms- a perfect property for a first time buyer!

Approach via a small front garden into the front porch, this leads into the first reception room. There is a further rear reception room, under stairs storage cupboard, recently fitted kitchen and a downstairs bathroom on the ground floor. On the first floor, the property boasts three bedrooms and a separate w/c. Neutral dcor throughout.

There is a manageable, slabbed rear garden with fenced boundaries and permit on road parking for residents.

**Viewings highly recommended**

RECEPTION ROOM 1 14' 0" x 10' 9" (4.28m x 3.29m)

RECEPTION ROOM 2 11' 1" x 12' 10" (3.39m x 3.93m)

KITCHEN 18' 9" x 5' 11" (5.73m x 1.81m)

BATHROOM 6' 5" x 6' 0" (1.98m x 1.83m)

BEDROOM 1 12' 0" x 12' 8" (3.68m x 3.87m)

BEDROOM 2 13' 0" x 9' 11" (3.97m x 3.03m)

BEDROOM 3 6' 0" x 6' 8" (1.85m x 2.05m)

WC 4' 0" x 3' 4" (1.24m x 1.03m)

Nearest Stations:

1.52 miles
Smethwick Rolfe Street
1.96 miles
Smethwick Galton Bridge
2.07 miles
Langley Green
2.07 miles
University
2.14 miles
The Hawthorns

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £908.18

Total Interest: £116,944.95

Overall Total: £326,944.95

Amortization For Monthly Payment: £908.18 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£6,658.17 £4,239.99 £205,760.01 
2026£6,520.48 £4,377.68 £201,382.33 
2027£6,378.33 £4,519.84 £196,862.49 
2028£6,231.55 £4,666.61 £192,195.87 
2029£6,080.01 £4,818.16 £187,377.72 
2030£5,923.55 £4,974.62 £182,403.10 
2031£5,762.00 £5,136.16 £177,266.94 
2032£5,595.21 £5,302.95 £171,963.99 
2033£5,423.01 £5,475.16 £166,488.83 
2034£5,245.21 £5,652.95 £160,835.88 
2035£5,061.64 £5,836.53 £154,999.35 
2036£4,872.11 £6,026.06 £148,973.29 
2037£4,676.42 £6,221.75 £142,751.55 
2038£4,474.38 £6,423.79 £136,327.76 
2039£4,265.77 £6,632.39 £129,695.37 
2040£4,050.40 £6,847.77 £122,847.60 
2041£3,828.03 £7,070.14 £115,777.46 
2042£3,598.43 £7,299.73 £108,477.73 
2043£3,361.39 £7,536.78 £100,940.95 
2044£3,116.64 £7,781.52 £93,159.43 
2045£2,863.95 £8,034.22 £85,125.21 
2046£2,603.05 £8,295.12 £76,830.09 
2047£2,333.68 £8,564.49 £68,265.60 
2048£2,055.56 £8,842.61 £59,422.99 
2049£1,768.41 £9,129.76 £50,293.23 
2050£1,471.93 £9,426.24 £40,866.100 
2051£1,165.83 £9,732.34 £31,134.66 
2052£849.78 £10,048.38 £21,086.28 
2053£523.48 £10,374.69 £10,711.59 
2054£186.57 £10,711.59 £0.00 

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

£ 165,450

Mortgage Loan to Value

79%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 11,168

Cumulative Rental Profit

£ 111,684

Cost of Purchase

£ 7,950
  • Stamp Duty
    £ 0

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 5,250
  • 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

£ 14,032
  • Mortgage Interest
    £ 7,445

    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)
    £ 3,326
  • Letting Fee
    £ 240
  • Maintenance
    £ 2,520
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 235,801
  • Final Equity Profit
    £ 124,118

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 111,684

    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

£ 342,068

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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