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£120,000
Bedrooms
Bathrooms
Conveniently situated within walking distance of the majority of amenities and only a short distance from the city centre, this deceptive mid-terraced property offers a well-planned design yet ideal for purchasers requiring a property to refurbish i.e., gas central heating system and both the kitchen and bathroom require replacing. With internal inspection recommended to appreciate the huge potential this property has to offer, the interior includes the choice of two reception rooms, kitchen, rear lobby and downstairs bathroom. On the first floor there are two double bedrooms. At the rear of the house is a courtyard leading to the rear garden. Presenting an excellent opportunity for an investment purchase, the double glazed accommodation further comprises:
Dining Room: 114' (3.45m) x 1010' (3.30m)
Front PVC door, fire place with tiled hearth & gas fire, and double glazed picture window to front. Living Room: 124' (3.75m) x 1010' (3.30m) Brick fireplace with tiled hearth & gas fire, coved ceiling, double glazed window to rear and concealed staircase to first floor. Kitchen: 910' (3.00m) x 57' (1.70m) Fitted with a traditional suite of units comprising stainless steel single drainer sink unit, a range of base cupboards & drawers, recess & gas point for cooker, plumbing for washing machine, part tiled walls and double glazed window to rear. Rear Lobby: Built in cupboard housing hot water system and door to rear. Bathroom: 57' (1.70m) x 57' (1.70m) Fitted with a traditional suite comprising panelled bath, wall mounted electric power shower, low level WC, pedestal wash hand basin, laminate effect vinyl flooring and double glazed opaque window to rear. First Floor Bedroom One: 124' (3.75m) x 1010' (3.30m) Built in cupboard/ wardrobe and double glazed window to rear. Bedroom Two: 114' (3.45m) x 1010' (3.30m) Double glazed window to front. Rear Garden: At approx. 60ft long the south-west facing garden includes patio/ courtyard area with fencing & gating to the lawned area with variety of shrubs & trees, shed and surrounding fencing.
Tenure: Freehold
Council Tax: Band A - Wolverhampton
EPC Rating: E (44) No: 0310-2400-3350-2994-2775
Total Floor Area: 678sq feet (63.0sq metres)
No Upward Chain
Services: We are informed by the Vendors that all main services are installed
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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