A second floor studio flat in SECURE GATED DEVELOPMENT in the OUTSKIRTS of BIRMINGHAM CITY CENTRE. With circa. 968 YEAR LEASE. Benefiting from electric heating, this ideal buy to let investment comprises; open plan living bedroom area with kitchen, dressing area, bathroom with an electric shower and secure gated residents parking area. Offered with NO UPWARD CHAIN. EPC Rating: C Council Tax band A.
Description A second floor studio flat set within a purpose built three storey secure gated development with a pitched tile roof. The property is in a well-presented condition throughout. Benefiting from uPVC double glazing and electric heaters.
Location Matthew Court is well located in a convenient location on Hagley Road (A456), approximately 0.5 miles from Bearwood Road Shopping District, approximately 1.9 miles from Five Ways Train Station and 2.8 miles from Birmingham City Centre.
Accommodation Please refer to floor plan for room measurements
Flat Flat - Open plan living room/bedroom and kitchen area, dressing room and bathroom with WC.
Communal Areas Secure communal entrance, gardens and secure gated residents communal parking.
Lease 999 years from 25th March 1983.
Ground Rent A peppercorn.
Share of Freehold Owners of the flat will be come a director and own a share of Matthew Court (Edgbaston) Limited with own the freehold for the development.
Service Charges The development is managed by Cottons. The service charges are presently £900 per annum with a 10% discount if paid within 14 days of being due (effectively £810 per annum).
Availability The property is offered with vacant possession and no upward chain.
Council Tax Band: A Tenure: Leasehold Lease Years Remaining: 968 Ground Rent: £0.00 per year Service Charge: £810.00 per year
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Cottons Chartered Surveyors - Edgbaston. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Cottons Chartered Surveyors - Edgbaston for full details and further information.