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128 Alcester Road, Birmingham, B13 8EE
£240,000 OIRO
Bedrooms
Bathrooms
Reception
Profectus Estates proudly offer for sale this luxury apartment in the sought-after Hemisphere development, located in Birmingham's City Centre. The building's design and modern architecture are something to behold. A lift takes you from the entrance lobby to this third-floor property, where you will step inside and notice immediately the high-quality wood flooring that runs throughout the hallways and main living areas of this stunning apartment. The neutral tone walls contrast well with the wood floor as you walk along the hall into the main open plan lounge/dining room, ideal for entertaining family and guests. The stunning kitchen features fully-fitted cabinets with integrated appliances and wrap-around worktops, offering ample space for food preparation. Back down the hallway, you will find two spacious bedrooms (one with en-suite), which are carpeted and easily accommodate a double bed, with plenty of space remaining for other bedroom furniture. Finally, you arrive at the bathroom, which has a walk-in shower with a sliding door. The walls are tiled in a modern design, fresh as the day it was first completed. The property also enjoys a designated parking bay in the secure underground car park.
Being based opposite Edgbaston Cricket Ground just outside Birmingham's City Centre, gives access to all of Birmingham's star attractions, such as The Bullring, The Mailbox, Broad Street, and so much more. Another benefit of its location is access to public transport, road networks, and travel links. Birmingham City Centre is just a five-minute journey away
In summary, this apartment represents outstanding value for money, whether you are looking to experience all city life has to offer or if you are an investor looking for a safe and secure return on your investment.
The property is currently rented, so there is the opportunity to purchase this property as an investment, with a sitting tenant.
The lease was Brand new in 2007, meaning 133 years remain on the head lease.
Service charge: 1,700 per annum
Ground rent: 500 per annum
Council Tax Band: D EPC Rating: C
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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