Hodnet Grove

Birmingham

3 Bedrooms

1 Bathroom

Flat

Price: £150,000
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Price: £150,000
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Property Details

Key features

  • TWO STOREY MAISONETTE
  • THREE BEDROOMS
  • NO UPWARD CHAIN
  • BALCONY
  • FREE PARKING

Council Tax Band: A

Tenure: Leasehold

    Leasehold Information:

  • Number of years left on lease: 104 years
  • Annual service charge: £250
  • Annual ground rent: £10
  • Annual ground rent review period: Contact branch
  • Ground rent increase: Contact branch

Three bedroom split level maisonette perfectly located on the edge of the city offering a low ground rent and service charge. The property is light and spacious, and whilst it may require some light redecoration, the property offers a rare opportunity to purchase with parking. There is no chain!

This is a great investment property in a high demand area, so tenants will be found at ease. The low service charge and ground rent payable to Birmingham City Council helps to keep the rental yield as high as possible. The property briefly comprises of an entrance hallway, lounge, fitted kitchen, first floor landing, family bathroom with separate wc, three bedrooms, balcony, central heating and off road parking. There is no upward chain.



Approach
The property is approached via communal access from the car park.

Hallway
Main front door leading into the communal hallway, door into the lounge and a staircase rising to the first floor landing.

Lounge
Window to the rear, heating point, storage cupboard, telephone and TV points and a door leading into the entrance hall.

Kitchen
A fitted kitchen to comprise a range of wall and base unit with inset sink drainer, gas cooker point, plumbing for washing machine and double glazed window to the front.

Landing
Stairs rising from hallway with access to the bedrooms and bathrooms.

Bedroom One
Window and radiator, with a door leading out onto the landing.

Bedroom Two
Window and radiator, with a door leading out onto the landing.

Bedroom Three
Window & door leading out onto the balcony, and a door onto the landing.

Bathroom
A fitted bathroom suite to comprise of bath with mixer taps, wash hand basin, low level w.c, tile and radiator

Lease Service Charge Info
Remaining Lease: 105 years approx
Ground Rent: £10 per annum
Service Charge: £366 per annum

Three bedroom split level maisonette perfectly located on the edge of the city offering a low ground rent and service charge. The property is light and spacious, and whilst it may require some light redecoration, the property offers a rare opportunity to purchase with parking. There is no chain!

This is a great investment property in a high demand area, so tenants will be found at ease. The low service charge and ground rent payable to Birmingham City Council helps to keep the rental yield as high as possible. The property briefly comprises of an entrance hallway, lounge, fitted kitchen, first floor landing, family bathroom with separate wc, three bedrooms, balcony, central heating and off road parking. There is no upward chain.



Approach
The property is approached via communal access from the car park.

Hallway
Main front door leading into the communal hallway, door into the lounge and a staircase rising to the first floor landing.

Lounge
Window to the rear, heating point, storage cupboard, telephone and TV points and a door leading into the entrance hall.

Kitchen
A fitted kitchen to comprise a range of wall and base unit with inset sink drainer, gas cooker point, plumbing for washing machine and double glazed window to the front.

Landing
Stairs rising from hallway with access to the bedrooms and bathrooms.

Bedroom One
Window and radiator, with a door leading out onto the...

While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.

(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
(2) These particulars do not constitute part or all of an offer or contract.
(3) The measurements indicated are supplied for guidance only and as such must be considered incorrect.
(4) Potential buyers are advised to recheck the measurements before committing to any expense.
(5) Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
(6) Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

MORTGAGE CALCULATOR

Our handy mortgage calculator helps you to estimate what your monthly repayments could be. * Terms and conditions apply.

Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable.

If you would like guidance on the right mortgage for you, we recommend booking a mortgage appointment and speak to one of our mortgage consultants who will be more than happy to help.

** The 4.7% annual interest rate is based on the Connells Group average mortgage interest rate taken from the period of 01/01/2024 – 01/03/2024 and is correct as at 07/03/2024.

A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.

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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE. LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP. **THE 4.7% ANNUAL INTEREST RATE IS BASED ON THE CONNELLS GROUP AVERAGE MORTGAGE INTEREST RATE TAKEN FROM THE PERIOD OF 01/01/2024 – 01/03/2024 AND IS CORRECT AS AT 07/03/2024.

A LIFETIME FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

 
 

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.