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448 Bordesley Green, Birmingham, B9 5NS
£180,000
Bedrooms
Bathrooms
Reception
A great opportunity to purchase this well presented, chain free, three-bedroom property in a popular residential location. The property comprises of three bedrooms, a large spacious reception room, first floor bathroom, a large kitchen, a low maintenance garden and front garden.
Situated in a convenient and popular residential location having access to local amenities such as shops, schools, and restaurants, excellent travel links to Birmingham City Centre, motorway network. This property provides an ideal opportunity for investors, landlords, families, and offers the scope for further development subject to planning consent.
Approach
Property is approached via a public pathway leading to a double glazed door into the porch, with a paved fore garden and wall to frontage.
Glass paneled UPVC door leading into ground floor landing which to the the reception room and stairs.
Lounge ( 11.87 ft x 20.27 )
Double glazed slide door to rear aspect, carpet flooring, central heating radiator, under-stairs storage cupboard.
Landing
Kitchen( 07.56 ft x 18.35 ft )
Double glazed window to front aspect, a fitted kitchen comprising of a range of wall and base units with work surfaces over, incorporating a stainless steel sink and drainer unit, space and connections for a gas cooker, washing machine and a fridge/freezer. Tiled to all splash-prone areas. Lino flooring in the kitchen space.
Stairs leading to small landing:
Bedroom One ( 10.43 ft x 13.03 ft )
Double glazed window to front aspect and central heating radiator. Carpet flooring.
Bedroom Two ( 05.27 ft x 10.77 )
Double glazed window to rear aspect, central heating radiator, carpet flooring.Bedroom Three ( 11.10 ft x 06.20 ft )
Double glazed window to rear aspect, central heating radiator, carpet flooring.
Bathroom ( 05.25 ft x 08.81 ft )
Obscure double glazed window to rear aspect, a white bathroom suite to comprise of paneled bath, pedestal hand wash basin, low level flush WC, lino flooring, central heating radiator.
Garden
Mostly paved and partial grass area, fencing to all boundaries.
Disclaimer
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Property Link UK Ltd has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Property Link UK Ltd has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
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.
448 Bordesley Green, Birmingham, B9 5NS
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