3 bedroom detached for sale

£190,000 Offers in excess of

3

Bedrooms

1

Bathrooms

Floorplan

NO UPPER CHAIN | BUY-TO-LET Investment Opportunity | SPACIOUS Semi-Detached Home | Two Reception Rooms | Two Bathrooms | LARGE GARDEN | With Tenant in Situ| A three bedroom semi-detached home in a popular part of Wolverhampton and ideal for a buy-to-let investor as the property is currently tenanted. Accommodation comprises; entrance hall, lounge, dining room, kitchen, ground floor bathroom, three first floor bedrooms and a second bathroom off the landing. Additionally benefitting from a large rear garden.

Tenure: Freehold

EPC: E

Council Tax Band: B

Heating: Gas

Property Type: Semi-Detached House

Parking: Street

Reception 1

Reception 2

Kitchen

Bedroom 1

Bedroom 3

Bedroom 2

Bathroom


Every care has been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point which is particularly important to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. All measurements quoted are approximate. Any Fixtures, Fittings and Appliances referred to have not been tested and therefore no guarantee can be given that they are in working order. These particulars do not constitute a contract or part of a contract.

2 bathrooms

3 bedrooms

2 reception rooms

Ideal Investment Property

Large rear garden

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £821.69

Total Interest: £105,807.34

Overall Total: £295,807.34

Amortization For Monthly Payment: £821.69 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£6,024.06 £3,836.18 £186,163.82 
2026£5,899.49 £3,960.76 £182,203.06 
2027£5,770.87 £4,089.38 £178,113.68 
2028£5,638.07 £4,222.17 £173,891.50 
2029£5,500.96 £4,359.28 £169,532.22 
2030£5,359.40 £4,500.84 £165,031.38 
2031£5,213.24 £4,647.00 £160,384.37 
2032£5,062.34 £4,797.91 £155,586.47 
2033£4,906.53 £4,953.71 £150,632.75 
2034£4,745.67 £5,114.58 £145,518.17 
2035£4,579.58 £5,280.67 £140,237.51 
2036£4,408.10 £5,452.15 £134,785.36 
2037£4,231.05 £5,629.20 £129,156.16 
2038£4,048.25 £5,811.100 £123,344.17 
2039£3,859.51 £6,000.73 £117,343.43 
2040£3,664.65 £6,195.60 £111,147.83 
2041£3,463.45 £6,396.79 £104,751.04 
2042£3,255.73 £6,604.52 £98,146.52 
2043£3,041.25 £6,818.99 £91,327.53 
2044£2,819.82 £7,040.43 £84,287.10 
2045£2,591.19 £7,269.05 £77,018.05 
2046£2,355.14 £7,505.11 £69,512.94 
2047£2,111.42 £7,748.82 £61,764.12 
2048£1,859.79 £8,000.46 £53,763.66 
2049£1,599.99 £8,260.26 £45,503.40 
2050£1,331.75 £8,528.50 £36,974.90 
2051£1,054.80 £8,805.45 £28,169.46 
2052£768.85 £9,091.39 £19,078.06 
2053£473.62 £9,386.62 £9,691.44 
2054£168.81 £9,691.44 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 149,950

Mortgage Loan to Value

79%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 10,023

Cumulative Rental Profit

£ 100,227

Cost of Purchase

£ 7,450
  • Stamp Duty
    £ 0

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4,750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 12,777
  • Mortgage Interest
    £ 6,748

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 3,010
  • Letting Fee
    £ 240
  • Maintenance
    £ 2,280
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£ 212,266
  • Final Equity Profit
    £ 112,040

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 100,227

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 309,490

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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