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£800,000
Bedrooms
Bathrooms
Full description:
A freehold site of approx. 17,942sq feet in one of the most premium locations in Tettenhall, adjacent to Tettenhall Pool & Green, together with Tettenhall Village High Street within walking distance, this unique site has approved Planning Permission (Wolverhampton Council - Ref: 24/01053/Ful) for the demolition of the existing two storey detached house and the erection of two 4 bedroom, 4 bathroom detached houses with a total floor area of Plot 1 = approx. 2464sq feet and Plot 2 = approx. 2,281sq feet.
Location:
Located just off Stockwell Road and the A41, Clifton Road occupies one of the most prestigious roads within the locality, convenient for the local amenities available in Tettenhall Village, High Street including a range of local shops, coffee shops, bank & post office. Not only has Clifton Road been held in high regards, the site is located within Tettenhall Green Conservation Area. The area is also served well by schooling in both sectors with Tettenhall College, Wolverhampton Grammar School, Wolverhampton Girls High, & Newbridge Preparatory School all in easy reach. Also very useful for Tennis & Cricket clubs, Golf courses, Gym, and of course opposite Tettenhall Green with the use of an outdoor pool and playing fields, Wolverhampton city centre is also only 3miles away.
Description :
A unique and exciting opportunity to purchase a site in such a sought after location with the rare chance of building two individually designed detached houses. Originally the plot of a detached two storey house which has fallen into disrepair, the private site has approved planning permission for 2x Bespoke 4 Bedroom 4 Bathroom Detached Houses. Early interest is highly recommended to appreciate this rare purchase!
Plot 1
Accommodation - The proposed accommodation for Plot 1 detached house at approx. 2,464.9sq feet (229.5sq metres) comprises:
Ground Floor: Approx. 1,410.0sq feet (131.0 sq. metres)
'Reception Hall
'Guest Cloakroom
'Lounge: 192 (5.86m) x 112 (3.36m)
'Full Width Open Plan Kitchen with Family/ Sitting Room: 341 (10.4m) x 149 (4.56m) x 109 (3.35m)
'Utility
'Guest Bedroom: 137 (4.20m) x 122 (3.71m)
'Ensuite
'Garage: 161 (4.91m) x 98 (3.00m)
First Floor: Approx. 1,054.8sq feet (98.5sq metres approx.)
'Galleried Landing
'Bedroom One: 15ft (4.60m) x 137 (4.20m)
'Bedroom Two: 149ft (4.56m) x 137 (4.20m)
'Bedroom Three: 126 (3.83m) x 98 (3.00m)
'Three Ensuite Shower Rooms
'Study: 89 (2.72m) x 75 (2.28m)
Outside
'Enclosed Rea-r Garden
'Driveway
Plot 2
Accommodation - The proposed accommodation for Plot 2 detached house at approx. 2,281.9sq feet (212sq metres) comprises:
Ground Floor: Approx. 1,184.3sq feet (110 sq. metres)
'Reception Hall
'Guest Cloakroom
'Lounge: 192 (5.86m) x 11ft (3.36m)
'Breakfast Kitchen: 1410 (4.56m) x 138 (4.20m)
'Utility
'Guest Bedroom: 142 (4.33m) x 122 (3.71m)
'Ensuite: 94 (2.86m) x 57 (1.75m)
'Garage: 175 (5.63m) x 98 (3.00m)
First Floor : Approx. 1,0978.9sq feet (102 sq. metres)
'Galleried Landing
'Bedroom One: 185 (5.63m) x 98 (3.00m)
'Bedroom Two: 15ft (4.60m) x 137 (4.20m)
'Bedroom Three: 149 (4.56m) x 137 (4.20m)
'Three Ensuite Shower Rooms
'Study: 89 (2.72m) x 75 (2.28m)
Outside
'Enclosed Rear Garden
'Driveway
Current Site Details
Tenure: Freehold
Council Tax: Band G - Wolverhampton
EPC Rating: G (18) No: 0958-3944-6222-7836-2920
Total Floor Area: 2766sq feet (257sq metres) Approx.
Services: We are informed by the Vendors that all main services are installed
IMPORTANT NOTICE: Every care has been taken with the preparation of these Particulars but they are for general guidance only and complete accuracy cannot be guaranteed. Areas, measurements and distances are approximate and the text, photographs and plans are for guidance only. If there is any point which is of particular importance please contact us to discuss the matter and seek professional verification prior to exchange of contracts.
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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