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£300,000
Bedrooms
Bathrooms
Situated on Cannock Road in Wolverhampton, this impressive 7-bedroom, 2-bathroom semi-detached house is now available for sale. Boasting a Freehold tenure, this property offers a fantastic investment opportunity as a 7 Bed HMO.
Upon entering, you are greeted with a spacious reception room, perfect for entertaining guests or relaxing with family. The property also features solar panels, ensuring energy efficiency and cost savings for the future.
Convenience is key with driveway parking for 2 cars, making coming home a breeze. The propertys popular location adds to its appeal, with amenities, schools, and transport links all within easy reach.
Currently, the property has tenants in-situ, providing an immediate rental income for the new owner. Priced at 300,000, this property presents a rare chance to own a substantial HMO in a sought-after area. Dont miss out on this excellent investment opportunity - arrange a viewing today!
Tenure: Freehold
EPC: A
Council Tax Band: D
Parking: Driveway
Property Type: Semi-Detached
Reception 1
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 7
Bedroom 6
Bathroom 2
Bedroom 5
Bedroom 4
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.
7 Bed HMO
Solar Panels
Driveway Parking for 2 Cars
2 Bathrooms
Popular Location
Tenants In-Situ
Map location is not available for this property.
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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