3 bed terraced house for sale heather road, small heath b10

£225,000

3

Bedrooms

1

Bathrooms

1

Reception

Pictures will be uploaded in due course

Located on Heather Road in the vibrant area of Small Heath, Birmingham, this three-bedroom terraced house offers a practical and comfortable living space. The property features an open-plan lounge, creating a spacious environment for everyday living. Upon entering, you are greeted by a hall that leads into the main living area. The house is equipped with a gas supply and heating, ensuring a warm and inviting atmosphere throughout the year.

The property layout includes three well-proportioned bedrooms, providing ample space for family living or accommodating guests. The open-plan lounge serves as the central hub of the home, offering flexibility in its use and arrangement. The absence of a designated bathroom or reception room is noted, yet the open-plan design enhances the sense of space within the property.

Situated in Small Heath, this property benefits from its proximity to various local amenities and transport links. The area is well-served by public transport, providing easy access to Birmingham city centre and surrounding areas. Local shops, schools, and recreational facilities are within reach, making it a convenient location for families and professionals alike.

In terms of energy efficiency, the property is equipped with a gas supply and heating system, contributing to its overall functionality and comfort. The neighbourhood of Small Heath offers a blend of residential and commercial spaces, contributing to a dynamic and accessible living environment.

Overall, this terraced house on Heather Road presents a practical living option in a well-connected area of Birmingham, suitable for those seeking a straightforward and functional home.

Nearest Stations:

0.87 miles
Small Heath
1.08 miles
Adderley Park
1.11 miles
Tyseley
1.53 miles
Birmingham Bordesley
1.64 miles
Stechford

Map location is not available for this property.

Mortgage Calculator

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 )

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

£ 177075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 5625
  • 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

£ 8325
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • 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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    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

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Please enter a valid UK mobile number (e.g. 07123456789 or +447123456789)

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message