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£380,000
Bedrooms
Bathrooms
Occupying an exclusive & private position in this select cul de sac just off Richmond Road and therefore situated in one of the most favoured areas of Wolverhampton, this individually designed detached bungalow offers a number of characteristic & special features, with viewing an absolute must to appreciate this unique property. Restyled over the years to provide a most attractive and distinctive home, 28 Richmond Avenue has been constructed to a well-planned design, creating a versatile interior whilst utilising the maximum space. At approximately 1,249sq feet, the comfortable accommodation is ideal for purchasers requiring the space from a traditional house, yet all on one level and ready to just move into. The accommodation includes entrance hall, two double bedrooms at front, both with built in furniture & wardrobes, a large wet room style shower room and breakfast kitchen with useful utility adjacent. From the entrance hall, the dining room has an open archway leading to the 19ft living room with double glazed conservatory off, this versatile space creates a large area, perfect for entertaining guests & large families. From the end of the cul de sac, the bungalow is approached via a private driveway providing off road parking and the benefit of a detached garage at front. The south west facing rear garden is without doubt a most impressive feature of the property having been extensively landscaped to create a most charming setting with patio, 180ft lawn, whilst providing the maximum privacy. Although situated in a secluded position, the bungalow is still within easy reach of the majority of amenities having Finchfield, Compton and of course the city centre, all within easy reach. The area is served well for primary & secondary schools, regular bus routes and convenient distance to the favoured Bantock Park. Truly one of the finest examples of its type and offering with No Upward Chain, the accommodation further comprises:
Reception Hall: 155' (4.70m) x 114' (3.45m)
Composite double glazed door with matching opaque side windows, tiled flooring, coved ceiling and loft hatch.
Bedroom One: 124' (3.75m) x 122' (3.70m)
Radiator, built in full width wardrobes, coved ceiling, laminate flooring and double glazed leaded bow window to front.
Bedroom Two: 157' (4.75m) x 96' (2.90m)
Built in furniture including twin double wardrobes with overhead stores, radiator, coved ceiling, laminate flooring and double glazed leaded window to front.
Shower Room / Wet Room: 130' (3.95m) x 77' (2.30m)
Fitted with a wet room style suite comprising walk in open shower with wall mounted chrome overhead shower with separate spray, recessed WC, vanity unit with storage, wall mounted mirrored cabinet, recessed ceiling spotlights, stone style tiled flooring & walls, built in airing cupboard housing hot water tank and double glazed leaded opaque window to side.
Dining Room: 122' (3.70m) x 96' (2.90m)
Radiator, coved ceiling, double glazed opaque leaded window to side and open archway to:
Living Room: 194' (5.90m) x 1210' (3.90m)
Radiator, feature marble fireplace with gas fire and matching shelving, coved ceiling and internal hardwood glazed double doors to:
Conservatory: 124' (3.75m) x 1010' (3.30m)
Wall light points, ceiling fan, fitted window blinds, tiled flooring and double doors to rear garden.
Breakfast Kitchen: 194' (5.90m) x 90' (2.75m)
Fitted with a matching suite of laminate units comprising stainless steel 1 drainer sink unit, a range of base cupboards & drawers with matching worktops, breakfast bar, built in electric oven with 4-ring ceramic hob & stainless steel extractor hood over, plumbing for dishwasher, radiator, coved ceiling, part tiled walls, tiled flooring and double glazed leaded window to side.
Utility: 810' (2.70m) x 63' (1.90m)
Plumbing for washing machine, radiator, wall mounted Worcester gas fired central heating boiler, laminate style vinyl flooring and double glazed leaded door and window to rear.
Detached Garage: 171 (5.20m) x 92 (2.80m)
Up & Over garage door, power, lighting and glazed window rear & side with matching door.
Rear Garden: Enjoying a south-west facing aspect, this impressive approx. 180ft long rear garden provides a most green & scenic setting with paved patio having raised flower bed, large lawn, a variety of shrubs & trees, garden shed, surrounding fencing & hedging.
Tenure: Freehold.
Council Tax: Band E - Wolverhampton
EPC Rating: C (69) No: 9000-8056-0522-6497-3343
Total Floor Area: 1249 sq.ft (116.0 sq m.) approx.
Services: We are informed by the Vendors that all main services are installed
No Upward Chain
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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