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Midlands Office

19 Kenyon Forge,
Kenyon Street
Birmingham
B18 6DH

T: 0121 2962600

North East Office

First Floor
Forth Banks Tower
Newcastle-Upon-Tyne
NE1 3RH

T: 0191 8204600

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Under Offer

Elbow Street, Cradley Heath, West Midlands, B64 6JP

£110,000Leasehold

211

Key Information

Tenure:Leasehold
Service charge:£1,603 per year
Ground rent:£95 per year
Time remaining on lease:134 years
Council tax band:B
Broadband:up to 900Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Double Glazed Throughout,
Close To Schools,
Allocated Parking Space,
Top Floor,
Secure Entry,
Fitted White Goods,
Recently Refurbished Two Bedroom Apartment,
Service Charge £1,,602.72 pa / Ground Rent £95 pa, Council Tax Band B,
Currently Rented at £695 PCM

Description

A perfect first home or buy-to-let investment opportunity, currently achieving a gross yield in excess of 7% and offering the potential for at least 8.3% Located in Cradley Heath, this beautiful upper floor apartment is offered on a leasehold basis. The property benefits from secure entry, allocated parking and communal gardens. The property is beautifully presented, having a fully integrated kitchen and a secure entry system.

***

A reservation fee, refundable on exchange, will be payable by the Buyer to Barrows & Forrester Property Group Ltd prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract.

This fee will be reimbursed upon Exchange of contracts.

In the instance the Seller withdraws from the sale the fee will be returned to the Buyer.

The fee will be retained by Barrows & Forrester Property Group Ltd to cover costs in the event the Buyer withdraws from the purchase or doesn't Exchange within 6 months of the fee being received other than as a result of:
1. Any structural or material issues arising from any survey that has not previously been disclosed. 2. A defect in the seller’s legal title.
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown.
4. The buyers chain falling through no fault of the buyer.
5. The vendor not securing a property in the allotted timeframe.
6. The vendor withdrawing the property from the market.

The reservation fee levels are as follows:-
-An agreed offer under £300,000 will be £750 inclusive of VAT.
-An agreed offer between £300,001 and £500,000 will be £1,000 inclusive of VAT.
-All agreed offers over £500,001 and £1,000,000 will be £1,500 inclusive of VAT.
-All agreed offers over £1,000,001 will be £2,500 inclusive of VAT.

The reservation fee is payable upon acceptance of an offer which itself is subject to an assessment of ability to proceed.

Any renegotiation of an accepted price after the issue of the Sales Memorandum for any reason not covered in points 1 to 6 above will lead to the reservation fee being retained.

A further fee will be payable on any subsequent reduced offer accepted by the vendor.

This will be returnable subject to the conditions that prevail for all reservation fees.

Arrange Viewing

Reddal Hill Primary School
(0.13 miles)
Good
Number of pupils: 427
Age Range: 3 - 11
Old Hill Primary School
(0.18 miles)
Good
Number of pupils: 217
Age Range: 3 - 11
Ormiston Forge Academy
(0.18 miles)
Good
Number of pupils: 1635
Age Range: 11 - 18
Temple Meadow Primary School
(0.38 miles)
Good
Number of pupils: 385
Age Range: 3 - 11
Corngreaves Academy
(0.42 miles)
Number of pupils: 204
Age Range: 4 - 11
Netherbrook Primary School
(0.53 miles)
Number of pupils: 476
Age Range: 3 - 11
Brickhouse Primary School
(0.57 miles)
Good
Number of pupils: 213
Age Range: 3 - 11
Timbertree Academy
(0.8 miles)
Number of pupils: 238
Age Range: 3 - 11
Dudley Wood Primary School
(0.83 miles)
Number of pupils: 429
Age Range: 3 - 11
The Westminster School
(0.95 miles)
Outstanding
Number of pupils: 222
Age Range: 7 - 19

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£579 /mo.25 Years, 5% Interest
Loan
£99,000
Total Repay
£173,623

Stamp Duty

You’ll have to pay the stamp duty of:
£0
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