Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£120,000
Bedrooms
Bathrooms
Occupying a delightful location on this small select development of luxury apartments and enjoying the use of mature surrounding gardens creating a most pleasant setting, this attractive second floor apartment has been restyled by the present owners to create a modern & stylish interior, a superb example of its type! Deceptive externally, viewing of the accommodation is essential to appreciate the surprisingly spacious & well planned living space which includes fresh & neutral dcor throughout, quality flooring & carpets, modern white bathroom and a smart fitted kitchen with a range of built in appliances. Built in 2004 and having the benefit of radiator gas central heating & double glazing, the accommodation includes communal reception lobby with intercom system & staircase to the second floor, entrance hall with cloaks cupboard & separate airing cupboard, double bedroom with built in wardrobes, smart bathroom and an open living room with open archway to fitted kitchen with a range of built in appliances. The development is also approached via remote controlled gates at the main entrance with allocated parking including visitors spaces. Although creating a peaceful & rural setting, Castlecroft House is also convenient for the majority of amenities having local shops at Windmill Lane Shopping Parade, schooling in both sectors and adjacent to the grounds of Wolverhampton Rugby Club, together with Wightwick & Finchfield Cricket Club. A perfect opportunity for purchasers requiring a bespoke luxury home ready to just move into and ideal for either First Time Buyers or Rental Investors. Offered with no upward chain, the accommodation which measures at approx. 501sq. ft. (46.6sq.m.) further comprises:
Entrance Hall: Internal oak veneered front door, radiator, laminate flooring, built in cupboard housing gas fire central heating boiler and separate large cloaks cupboard with radiator.
Living Room: 141 (4.30m) x 131 (4.00m)
Two radiators, double glazed window to front and open archway to kitchen.
Kitchen: 92 (2.80m) x 77 (2.30m)
Fitted with a matching suite of laminate units comprising stainless steel 1.5 drainer sink unit with mixer tap, a range of base cupboards & drawers with matching worktops, suspended wall cupboards with under lighting, built in appliances including fridge, freezer, Bosch microwave, twin electric oven, 4-ring gas hob & stainless steel Neff extractor hood, built in washing machine, white tile splashbacks, recessed ceiling spot lights and tiled flooring.
Bedroom: 1010 (3.30m) x 102 (3.10m)
Built in double & single wardrobe, radiator and double glazed window to front.
Bathroom: Fitted with a smart white suite comprising panelled bath with shower & screen over, pedestal wash hand basin, low level WC, radiator, ceramic tiled walls with mounted large mirror, recessed ceiling spot lights, tiled flooring and extractor fan.
Remote control security gates provide access to the long driveway with allocated parking and visitors parking. Surrounding Grounds & Woodland: The mature landscaped gardens provide a most pleasant outlook with views over surrounding greenery, wooded paths, lawns, a large variety of shrubs and trees.
Tenure: Leasehold
Term: 150years from 1st January 2003
Ground Rent: 75.00 per quarter
Service Charge: 316.29 per quarter
Council Tax: Band B - South Staffordshire
EPC Rating: C (80) No: 9574-3006-8205-5429-3204
Total Floor Area: 501sq. ft. (46.6sq.m.) Approx.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
