3 bedroom detached for sale

£765,000

3

Bedrooms

3

Bathrooms

Floorplan

Situated in a highly sought after residential area, regarded as one Tettenhalls most exclusive addresses and having the majority of amenities close at hand, this distinctive and most attractive detached property has been sympathetically extended & remodelled in recent years to a superior specification providing a beautifully presented interior, with no expense spared! A first class example of its type, viewing of the extended accommodation is essential to comprehend the surprisingly spacious living accommodation at approx. 2,722.2sq feet which is stylishly appointed throughout incorporating many stunning features. New carpets & flooring, trendy & simplistic dcor throughout, a number of internal oak veneer doors, composite external doors & rear bifold doors, certified electrics, replaced central heating boiler, luxury modern bathrooms and a spectacular bespoke open plan dining kitchen. Perfect for buyers requiring a home, ready to just move into, the versatile interior offers outstanding living accommodation, ideal as a family house and now includes reception hall with staircase to first floor & guest cloakroom, 23ft lounge with dual aspect & feature modern fireplace. Double doors open into the dining room which not only enjoys views over the rear garden via the bifold doors, further double doors lead to the sitting room at side. From the dining room, an open archway leads to the fantastic modern dining kitchen, fitted with a smart white suite, built in state of the art appliances and a central island/ breakfast bar. This space is most fitting for hosting guest and large families. The ground floor also includes a useful utility and a separate home office which could be used for a multitude of purposes i.e. playroom, occasional guest bedroom etc. Internal access leads to the double width garage with workshop area and remote controlled shutter door. On the first floor the galleried landing leads to three double bedrooms, all with built in wardrobe furniture and new shower rooms. Originally a fourth bedroom, the area now provides a dressing room to the master suite and acts as Jack & Jill entry to the family bathroom. At the front of the property is a screened driveway providing off road parking and leads to the garage. The mature rear garden has been neatly landscaped to create an excellent useable outdoor space, enjoying a south facing aspect and pleasant views. Not only does No 40 occupy such a prominent position, Stockwell Road is also within walking distance of Tettenhall High Street and the amenities therein. These including a wide range of facilities, excellent schools in both sectors, popular coffee shops, local shops, Tennis & Cricket Clubs, South Staffordshire Golf Club and of course Tettenhall Green playing fields & pool. The city centre is less than 3 miles away and the M54 motorway is a short drive way, perfect for commuting to Birmingham, Telford and other principal cities. Internal inspection is highly recommended to appreciate the thought and design gone into creating this most exclusive property, certainly a superb example of its type!

Entrance Hall: Composite double glazed door with opaque side windows, radiator, engineered wood flooring, staircase to first floor and vaulted ceiling.

Fitted Cloakroom: Fitted with a white suite comprising low level WC, wall mounted sink unit, radiator, part tiled walls, ceramic tiled flooring and double glazed opaque window to front.

Living Room: 2211 (6.96m) x 182 (5.54m)
Granite hearth with Stovax Studio wood burning inset fire, three radiators, vaulted ceiling and double glazed windows to rear with matching full height picture window to front. Internal hardwood glazed double doors leads to dining room.

Dining Room: 178 (5.44m) X 144 (4.37m max)
Radiator, coved ceiling, engineered wood flooring and bifold doors to rear garden, open archway to kitchen and oak veneered double doors lead to:

Sitting Room: 193 (5.87m) x 810 (2.69m)
Radiator, coved ceiling, engineered wood flooring and double glazed picture window to rear with PVC door.

Breakfast Kitchen: 1911 (6.06m) x 196 (5.95m)
Fitted with a matching suite of Magnet modern white gloss units comprising a range of base cupboards, drawers & suspended wall cupboards, granite worktops with Franke black 1.5 drainer sink unit with chrome mixer tap, separate drainer unit with Quooker instant hot water tap, central island/breakfast bar with granite worktops & built in base storage units, a number of appliance include twin Neff multifunctional ovens, 4-ring induction hob with stainless steel extractor hood over, radiator, recessed ceiling spotlights, engineered wood flooring, double glazed window to front & side and built in double cloaks cupboard with shelving & railings.

Utility: 91 (2.76m) x 82 (2.49m)
Fitted to match the kitchen units with base cupboards & drawers, concrete effect laminate worktops with stainless steel double drainer sink unit, plumbing& recess for both washing machine & dryer, two radiators, tiled flooring, double glazed side window and hardwood door to front.

Home Office: 104 (3.14m) x 92 (2.80m)
Radiator, wall mounted gas fired Worcester central hearing boiler, built in tall wardrobes/cupboards, separate cupboard housing Gledhill hot water system/ cylinder and double glazed window to side.

Garage: 231 (7.03m) x 179 (5.40m)
Remote controlled roller shutter garage door, power, lighting, shelving, double glazed units to side and composite door to front & rear.

First Floor Landing: Radiator, loft hatch with pull down ladder and double glazed window to side.

Bedroom One: 13ft (3.95m max) x 12ft (3.65m)
Radiator, coved ceiling, double glazed window to rear and archway to: Dressing Room: 12ft (3.65m) x 79 (2.37m) A range of built in bespoke wardrobes, radiator, coved ceiling and double glazed window to rear.

Jack and Jill Ensuite/ Family Bathroom: 119 (3.58m) x 59 (1.76m)
Fitted with a superior white suite comprising panelled bath with chrome handheld spray, walk in double shower, vanity unit with storage & recessed WC including matching suspended wall cupboard above, chrome heated towel rail, part tiled walls, recessed ceiling spotlights, tiled flooring and double glazed opaque window to side.

Bedroom Two: 12ft (3.66m) x 116 (3.50m)
Built in double wardrobes with concealed entry to ensuite, radiator and double glazed window to front. Ensuite Shower Room: 58 (1.72m) x 411 (1.49m)
Fitted with a luxury white suite comprising corner shower enclosure, suspended vanity unit with LED mirror over, low level WC, chrome heated towel rail, tiled walls & flooring, recessed ceiling spotlights, extractor fan and double glazed opaque window to side.

Bedroom Three: 1111 (3.63m) x 109 (3.27m)
Built in bespoke furniture including wardrobes, drawers & corner desk unit, radiator and double glazed windows to front & side. Ensuite Shower Room: 7ft (2.14m) x 52 (1.58m)
Fitted with a luxury suite comprising corner double shower enclosure, wall mounted vanity unit with LED mirror over, low level WC, chrome heated towel rail, tiled walls & flooring, recessed ceiling spotlights and extractor fan.

Rear Garden: At over 130ft long approx., the south facing rear garden has been landscaped to provide a pleasant & interesting outlook, fully stocked and comprising full width paved patio with dwarf wall, shaped lawns & flowering borders with a variety of shrubs & trees, lattice fencing & trellis, greenhouse, surrounding fencing and side entry.

Tenure: Freehold
Council Tax: Band G - Wolverhampton
EPC Rating: C (77) No: 0310-2357-4490-2695-2515
Total Floor Area: 2722.2sq feet (252.9sq metres) Approx.
Services: We are informed by the Vendors that all main services are installed



Features
  • Freehold

Mortgage Calculator

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

Monthly Payment: £3,308.37

Total Interest: £426,013.75

Overall Total: £1,191,013.75

Amortization For Monthly Payment: £3,308.37 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£24,254.77 £15,445.69 £749,554.31 
2026£23,753.19 £15,947.26 £733,607.05 
2027£23,235.33 £16,465.13 £717,141.92 
2028£22,700.65 £16,999.81 £700,142.11 
2029£22,148.61 £17,551.85 £682,590.26 
2030£21,578.64 £18,121.82 £664,468.44 
2031£20,990.16 £18,710.30 £645,758.13 
2032£20,382.57 £19,317.89 £626,440.24 
2033£19,755.25 £19,945.21 £606,495.03 
2034£19,107.55 £20,592.90 £585,902.13 
2035£18,438.83 £21,261.63 £564,640.50 
2036£17,748.39 £21,952.07 £542,688.43 
2037£17,035.53 £22,664.93 £520,023.50 
2038£16,299.52 £23,400.94 £496,622.56 
2039£15,539.61 £24,160.85 £472,461.71 
2040£14,755.02 £24,945.44 £447,516.27 
2041£13,944.95 £25,755.51 £421,760.76 
2042£13,108.58 £26,591.88 £395,168.89 
2043£12,245.05 £27,455.41 £367,713.48 
2044£11,353.47 £28,346.98 £339,366.49 
2045£10,432.95 £29,267.51 £310,098.98 
2046£9,482.53 £30,217.93 £279,881.05 
2047£8,501.25 £31,199.21 £248,681.84 
2048£7,488.10 £32,212.36 £216,469.48 
2049£6,442.05 £33,258.41 £183,211.07 
2050£5,362.03 £34,338.43 £148,872.64 
2051£4,246.94 £35,453.52 £113,419.12 
2052£3,095.64 £36,604.82 £76,814.30 
2053£1,906.95 £37,793.51 £39,020.80 
2054£679.66 £39,020.80 £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

£ 621,325

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 41,803

Cumulative Rental Profit

£ 418,028

Cost of Purchase

£ 47,575
  • Stamp Duty
    £ 25,750

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

  • Refurbishment Budget
    £ 19,125
  • 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

£ 49,997
  • Mortgage Interest
    £ 27,960

    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)
    £ 12,118
  • Letting Fee
    £ 240
  • Maintenance
    £ 9,180
  • 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

£ 851,557
  • Final Equity Profit
    £ 433,529

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

  • Cumulative Rental Profit
    £ 418,028

    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

£ 1,246,104

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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