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£159,500
Bedrooms
Bathrooms
Situated in a popular residential area in Penn and most convenient for the majority of amenities, 15 The Gallery occupies a ground floor position on this small exclusive development of luxury apartments which has been constructed to a superior specification, offering the upmost in luxury accommodation.
Designed to a high specification utilising the maximum space, the impressive layout which includes double glazing and gas radiator central heating comprises communal reception hall with fob security entry, entrance hall with two storage cupboards, open plan living room with dining area, fitted kitchen with a range of built in appliances, inner hall to the well-appointed smart bathroom, two double bedrooms both with built in wardrobes and the master has a spacious ensuite shower room. The development has a most pleasing front elevation with gated side access to residents carpark.
Ideal for purchasers requiring a property ready to just move into, or as an investment opportunity, this charming flat is also offered with No Upward Chain. Viewing is highly recommended to appreciate this excellent example of its type!
Entrance Hall: Radiator, built in airing cupboard with shelving, separate cloaks cupboard, coved ceiling and tiled flooring.
Living Room with Dining Area: 161 (4.90m) x 1110 (3.60m)
Two radiators, coved ceiling, laminate flooring and double glazed window to front. Archway to:
Kitchen: 96 (2.90m) x 92 (2.80m)
Fitted with a matching suite of laminate units comprising stainless steel single drainer sink unit, a range of base cupboards & drawers with matching worktops, suspended wall cupboards with lighting, built in appliances include fridge, freezer, dishwasher, stainless steel extractor hood, plumbing for washing machine, recess & gas point for cooker, coved ceiling, recessed ceiling spot lights, tiled flooring and double glazed window to front.
Bathroom: 79 (2.35m) x 77 (2.30m)
Fitted with a smart white suite comprising panelled bath with shower unit & screen, pedestal wash hand basin, low level WC, heated towel rail, part tiled walls, mounted mirrored cabinet with lighting, coved ceiling, recessed ceiling spot lights, extractor fan and tiled flooring.
Bedroom One: 131 (4.00m) x 112 (3.40m)
Built in double wardrobe, radiator, coved ceiling and double glazed window to rear.
Ensuite: 79 (2.35m) x 67 (2.00m)
Fitted with a smart white suite comprising corner shower cubicle, low level WC, pedestal wash hand basin, part tiled walls, mirrored cabinet with lighting, heated towel rail, coved ceiling, recessed ceiling spot lights, extractor fan, ceramic tiled flooring and double glazed window to rear.
Bedroom Two: 11ft (3.35m) x 86 (2.60m)
Radiator, coved ceiling and double glazed window to rear.
Outside: Remote control security gates provide access to the residents carpark with allocated parking and visitors parking.
Tenure: Leasehold
Leasehold Term: 125 years from 1st November 2002
Service Charge: 479.23 paid every quarter
Ground Rent: 100.00 every six months
Council Tax: Band C - Wolverhampton
Energy Rating: B (82)
Total Floor Area: 743 sq ft. ( 69.0 sq metres) Approx.
No Upward Chain
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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