Spacious 3 bedroom semi-detached house for sale oldbury b68

£300,000

3

Bedrooms

2

Bathrooms

2

Reception

Profectus Estates proudly present For Sale, this spacious, extended, three-bedroom home on Hollyoake Close in the popular Oldbury area. The modern property briefly comprises an entrance hallway giving access to the fully fitted and tiled kitchen to the left. There is a ground floor w/c accessed via the hallway. To the right of the hallway is the living room which is bright and airy thanks to sliding patio doors leading to the garden. The living room also features a gas fire set into a stunning marble fireplace and glazed doors leading to the neighbouring dining room in the property's rear extension.

The staircase with a balustraded handrail leads to the first-floor accommodation which includes two double bedrooms, a single bedroom, a family bathroom and built-in storage cupboards on the landing area. The stairs, landing and bedrooms benefit from carpet throughout, all of which, are in good condition. The family bathroom has fully tiled walls & floor which are again in good condition, and along with all the usual features, has a bath with shower. The front of the property has off-road parking for one vehicle, whilst to the rear is a good-sized garden, which is fenced in for security and benefits from Conifer trees behind for added privacy. The garden has been designed with low maintenance in mind, for easy year-round management. The rear garden also features a wooden decked patio area to enjoy sunny afternoons with family and friends.There is further outdoor space to the left of the property currently accommodating a hot tub of sorts, accessed via a double-glazed side door in the kitchen. This property currently has an energy performance rating of C which means it can be economically heated to a constant 18 degrees.

Superbly located with several supermarkets and other stores/amenities just a few minutes down the road. The location also gives unparalleled access to road networks, motorways and travel links in & around the West Midlands.

Overall, this superb property just needs the right family to move in and make it a home once again. Don't delay, enquire today!

Council Tax Band: C EPC Rating: C

Nearest Stations:

0.81 miles
Rowley Regis
0.95 miles
Langley Green
1.91 miles
Sandwell and Dudley
1.96 miles
Old Hill
1.97 miles
Smethwick Galton Bridge

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

£ 250200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 7500
  • 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

£ 25200
  • 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

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  %

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

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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

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