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128 Alcester Road, Birmingham, B13 8EE
£360,000 OIRO
Bedrooms
Bathrooms
Reception
Profectus Estates proudly present for sale, this exceptional two-bedroom townhouse situated on Parkes Avenue in the popular Balsall Heath area of Birmingham, ideally situated just a five-minute journey from Birminghams vibrant commercial hub, New Street Station, and the renowned Grand Central shopping centre. Located within the landmark Belgrave Village development, this property enjoys the perfect balance of urban convenience and tranquil green spaces, along with exclusive access to premium on-site amenities, including an indoor gym, screening room, and co-working space.
This property comprises a hallway, spacious open-plan dining and living areaperfect for both relaxation and entertaining. Adjacent to the living space, the L-shaped kitchen offers both style and functionality, complemented by a separate utility room for added convenience. The ground floor also benefits from a W/C, a dedicated storage room, and elegant central French doors that open onto the garden, enhancing indoor-outdoor living.
Upstairs, the well-appointed layout includes a family bathroom, shared by a generously sized two double bedrooms, both overlooking the garden. To the front of the home, the master bedroom boasts an en-suite bathroom and ample wardrobe space, creating a private retreat.
Exclusive Resident Amenities:
Key Features:
Room Dimensions:
Ground Floor:
First Floor:
Council Tax Band: B EPC Rating: B
Agents Note:
All images, illustrations, floor plans, measurements and specifications are for indicative purposes only and are subject to change.
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.
128 Alcester Road, Birmingham, B13 8EE
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