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£199,500
Bedrooms
Bathrooms
Situated in an established residential area convenient for the majority of amenities including local shops & schools in particular, Wolverhampton Grammar School & Wolverhampton Girls High, this characteristic & period mid-terraced property offers tremendous potential for buyers requiring a property to restyle to own requirements. Designed to utilise the maximum space and having a number of original & period features including tall ceilings with period coving, original wood stripped flooring, a number of fireplaces on both levels and glazed sash windows. At approx. 1223.5sq feet, the accommodation includes entrance hall with stairs to first floor, the choice of two reception rooms, an inner lobby with stores and traditional kitchen at rear with walk in pantry & useful utility. On the first floor the galleried landing leads to three bedrooms with the master being of a particularly large size and the bathroom is fitted with a white suite. At the rear of the house is a fully stocked garden and having a number of storage facilities including timber garden sheds & brick outbuildings. Not only within easy access of schooling in both sectors, the area is also served well with a variety of local shops, the amenities at Tettenhall & Compton and the city centre is also less than approx. 2 miles away. Offered with No Upward Chain, viewing is highly recommended to appreciate this excellent opportunity which further comprises:
Entrance Hall: Hardwood front door with opaque glazed window over, radiator and stairs to first floor.
Front Living Room: 13 (3.97m) x 112' (3.40m)
Cast iron period style open fireplace with tiled hearth & decorative surround, radiator, coved ceiling, wood stripped flooring and PVC double glazed bay window to front.
Rear Sitting / Dining Room: 1210' (3.90m) x 112' (3.40m)
Fireplace recess with tiled hearth, radiator, wood stripped flooring and glazed sash window to rear.
Inner Lobby: Tiled flooring and built in cloaks cupboard under stairs.
Kitchen: 108' (3.25m) x 8 (2.43m)
Fitted with a traditional suite of wood units comprising a range of base cupboards & drawers with matching suspended wall cupboards, corian worktops with sunken Belfast style sink, 4-ring gas hob, built in double oven & grill, radiator, tiled flooring, glazed sash window to rear and internal access to utility. Walk in pantry: Shelving, wall mounted gas fired central heating boiler, tiled flooring and glazed window to side.
Utility: 61' (1.86m) x 8 (2.43m)
Full width built in worktop with base cupboards, single drainer sink unit, tiled flooring and glazed opaque door to rear garden with matching side window.
First Floor Landing: Built in corner cupboard and loft hatch.
Bedroom One: 131' (4.00m) x 181' (5.51m)
Open tiled fireplace with matching hearth, radiator and double glazed windows to front.
Bedroom Two: 13 (3.96m) x 111' (3.39m)
Period style cast iron fireplace, radiator and glazed sash window to rear.
Bedroom Three: 8 (2.44m) x 810' (2.68m)
Period style cast iron fireplace, radiator and glazed sash window to rear.
Bathroom: 76' (2.29m) 55' (1.66m)
Fitted with a traditional white suite comprising panelled bath with electric shower over, pedestal wash hand basin, low level WC, radiator, , part tiled walls, wood stripped flooring and opaque glazed window to side.
Rear Garden: Courtyard to brick outbuildings including gardeners WC, steps to raised lawn with a variety of shrubs & trees, two timber garden sheds and surrounding fencing/ hedging.
Tenure: Freehold
Council Tax: Band B - Wolverhampton
EPC Rating: E (49) No: 4735-0622-6400-0510-6296
Total Floor Area: 1223.5 sq. feet (113.7 sq. metres) Approx.
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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