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448 Bordesley Green, Birmingham, B9 5NS
£230,000 Offers in excess of
Bedrooms
Bathrooms
Reception
and a upstairs bathroom.
Located in the heart of Hodge Hill. Ideal family home as you have all the local amenities on offer like schools, shopping parades, bus routes into the city & the main hospital.
A must see to appreciate potential for a rear extension.
Ground Floor
Entrance
Composite front door leading to the entrance hallway, first reception, second reception andkitchen.
Reception One ( 9.88 ft x 12.98 ft )
Double glazed UPVC window to front aspect, central heating radiator and carpeted flooring.
Reception Two ( 10.08 ft x 17.50 ft )
Double glazed UPVC window to rear aspect, central heating radiator carpeted flooring.
Kitchen ( 13.99 ft x 6.15 ft )
Double glazed UPVC window to side 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 and a fridge/freezer. Tiled to all splash-prone areas. Door leading to rear garden area.
First Floor
stairs and landing: Carpeted
Bedroom One ( 13.52 ft x 9.84 ft )
Double glazed UPVC window to front aspect, central heating radiator and carpet flooring.
Bedroom Two ( 10.03 ft x 10.06 ft )
Double glazed UPVC window to rear aspect, central heating radiator and carpet flooring.
Bedroom Three ( 9.71 ft x 5.90 ft )
Double glazed UPVC window to rear aspect, central heating radiator and carpet flooring.
Bathroom ( 7.06 ft x 5.74 ft )
Double glazed UPVC window. Bathroom consisting of a bath, toilet and sink.
*VIEWING DONE STRICTLY BY APPOINTMENT*
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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