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£425,000
Church Street, Stourbridge, DY8 1LT
- 4 beds
£425,000
- 4 beds
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Estimate monthly mortgage payment:
£1,940 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£21,250
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INVESTMENT POTENTIAL
Conveniently located within easy reach of Stourbridge Town which boasts an array of amenities, as well as Stourbridge Junction train station which has fantastic transport links into Birmingham, Church Street offers a great investment opportunity with sitting tenants and the potential to earn a 7% yield on investment.
Set over three floors, the property has been split into three flats all which have sitting tenants, all of which have a Council tax band B.
Accessed via the communal hallway, Flat A which is located on the ground floor has a hallway, two good sized bedrooms, living area, fitted kitchen, fitted shower room and a cellar. This flat also has access to the rear of the property which provides off road parking.
On the first floor is Flat B, which consists of hallway, spacious lounge, fitted breakfast kitchen and a good sized bedroom.
On the second floor is Flat C, which consists of hall, spacious lounge dining room, fitted kitchen, a good sized bedroom and useful eaves storage.
To the front of the property is a further driveway for two cars and a telecom entry system. Each flat is on a separate meter and also have separate EPC's.
Conveniently located within easy reach of Stourbridge Town which boasts an array of amenities, as well as Stourbridge Junction train station which has fantastic transport links into Birmingham, Church Street offers a great investment opportunity with sitting tenants and the potential to earn a 7% yield on investment.
Set over three floors, the property has been split into three flats all which have sitting tenants, all of which have a Council tax band B.
Accessed via the communal hallway, Flat A which is located on the ground floor has a hallway, two good sized bedrooms, living area, fitted kitchen, fitted shower room and a cellar. This flat also has access to the rear of the property which provides off road parking.
On the first floor is Flat B, which consists of hallway, spacious lounge, fitted breakfast kitchen and a good sized bedroom.
On the second floor is Flat C, which consists of hall, spacious lounge dining room, fitted kitchen, a good sized bedroom and useful eaves storage.
To the front of the property is a further driveway for two cars and a telecom entry system. Each flat is on a separate meter and also have separate EPC's.
Mortgage calculator
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£1,940 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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