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£190,000
Bedrooms
Bathrooms
No upward chain - excellent renovation potential
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Austins Estate Agents are delighted to offer for sale this freehold, detached, two bedroom bungalow in the popular residential area of Bradmore, Wolverhampton. A fantastic renovation opportunity with excellent potential. Close to local amenities and transport links into Wolverhampton City Centre.
The property briefly comprises of:
A slabbed area at the front of the property with a tarmac drive for at least two cars leading along the side of the property, up to the porch and front door, through to the :
Hallway - 1.66m (55") x 2.23m (74")
With radiator and doors leading off into the various rooms.
Lounge - 5.54m (182") x 3.13m (103")
With radiator, coved ceiling, gas fire and patio doors leading onto the rear garden.
Kitchen - 3.1m (102") x 2.23m (74")
Partially tiled with a range of fitted base and wall units, radiator and a door leading through to a utility area.
Master Bedroom - 4.16m (138") x 3.13m (103")
Having fitted wardrobes, radiator and double glazed bay window.
Bedroom Two - 2.89m (96") x 2.23m (74")
With radiator, coved ceiling and double glazed window.
Bathroom - 1.85m (61") x 1.65m (55")
Fully tiled with shower unit, low level W.C, sink and radiator.
Utility Area - 3.24m (108") x 3.14m (104")
Garage has been partially converted into a useful utility area with fitted base units and worktop and a door leading out to the large rear garden.
Storage Area - 2.27m (75") x 3.14m (104")
To the front of the partially converted garage is a storage area.
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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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.
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