Potential 4-Bed HMO, Wolverhampton, WV3 9SA, £325,000

Oaks Crescent, Chapel Ash, Wolverhampton, WV3 9SA - 14 views - 3 years ago

HMO
ROI: 1%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£47K - £350K
Sold Prices/m²£365/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£168,893

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£494

Gross Rent

£1,976

Running Costs/mo

£1,912

Cashflow/mo

£64

Cashflow/yr

£769

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £47K to £350K, average is £165K. £365/m² to £3.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£307.5K08/230 mi21, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SA3
£165K11/200.09 mi6, Oak Street, Wolverhampton, West Midlands WV3 0AD3
£190K01/210.1 mi42, Yew Street, Chapel Ash, Wolverhampton, West Midlands WV3 0DA3
£165K12/220.11 mi7, Hornbeam Walk, St Marks, Wolverhampton, West Midlands WV3 0XF3
£247K12/220.12 mi20, Yew Street, Chapel Ash, Wolverhampton, West Midlands WV3 0DA3
£152K05/210.14 mi71, Oak Street, Wolverhampton, West Midlands WV3 0AH3
£138.8K06/210.16 mi32, Laburnum Street, Wolverhampton, West Midlands WV3 0BT3
£173K11/200.19 mi23, Merridale Gardens, Wolverhampton, West Midlands WV3 0UU3
£160K07/210.21 mi4, Clarendon Street, Wolverhampton, West Midlands WV3 9PP3
£152K05/210.23 mi34, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£221K06/230.23 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£190K11/200.23 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£176.5K07/210.23 mi5, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£150K02/230.23 mi29, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£149K11/210.23 mi16, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£163K02/230.23 mi14, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£97.2K01/210.28 mi44, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX3
£170K05/230.28 mi63, Kimberley Street, Penn Fields, Wolverhampton, West Midlands WV3 0BP3
£94.5K12/200.29 mi102, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3
£150K06/210.29 mi124, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3
£190K10/230.32 mi30, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS3
£158K10/230.32 mi28, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS3
£194K10/200.32 miHawverley, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NR3
£224K11/220.32 mi133, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7HA3
£210K04/230.34 mi33, Park Road West, Wolverhampton, West Midlands WV1 4PN3
£153K07/210.35 mi55, Lennox Gardens, Wolverhampton, West Midlands WV3 0RR3
£171.5K02/210.36 mi20, Westland Avenue, Wolverhampton, West Midlands WV3 9NX3
£245K07/210.36 mi156, Compton Road, Wolverhampton, West Midlands WV3 9QB3
£307K06/230.36 mi12, Westland Avenue, Wolverhampton, West Midlands WV3 9NX3
£90K09/210.37 mi139, Lime Street, Wolverhampton, West Midlands WV3 0HA3
£165K10/230.38 mi7, Lower Vauxhall, Wolverhampton, West Midlands WV1 4SP3
£47K12/200.38 mi32, Lime Street, Wolverhampton, West Midlands WV3 0EY3
£257.5K09/230.39 mi7, Gamesfield Green, Wolverhampton, West Midlands WV3 9RA3
£158.2K10/230.4 mi215, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£110K04/230.4 mi223, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£135K03/230.42 mi11, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ3
£265.5K11/220.42 mi24, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£350K05/230.43 mi21, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£325K11/220.43 mi24, Clark Road, Wolverhampton, West Midlands WV3 9NP3
£148K11/210.43 mi31, Manlove Street, Wolverhampton, West Midlands WV3 0HG3
£82K04/210.43 mi16, Fisher Street, Wolverhampton, West Midlands WV3 0LF3
£220K09/210.45 mi46a, Park Road East, Wolverhampton, West Midlands WV1 4QA3
£220K09/210.45 mi46a, Park Road East, Wolverhampton, West Midlands WV1 4QA3
£120K12/230.46 mi14, Aston Street, Wolverhampton, West Midlands WV3 0HY3
£190K11/230.46 mi25, Rayleigh Road, Wolverhampton, West Midlands WV3 0AR3
£202K11/230.47 mi16, Cranmore Road, Wolverhampton, West Midlands WV3 9NL3
£130K12/220.47 mi100, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£168.9K02/230.48 mi52, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£130K03/210.48 mi16, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£143K04/210.48 mi78, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.87 miles away

Nearest school

0.20 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £325,000

March 25, 2022

Floor Plans

Description

  • A THREE BEDROOM CHAIN FREE SEMI-DETACHED PERIOD PROPERTY +
  • Large driveway to front with ample off road parking +
  • Property has been recently renovated to cater for HMO market +
  • Close proximity to Wolverhampton City Centre +
  • Close to local amenities +
  • Period features throughout making this the perfect character property +
  • Minton flooring to the hallway +
  • Two bedrooms with en suite +

SUMMARY
"THIS BEAUTIFUL PERIOD PROPERTY OOZES CHARACTER"
This three bedroom semi-detached home is situated within close proximity to Wolverhampton city centre and local amenities, this property MUST BE VIEWED TO APPRECIATE ALL ACCOMMODATION ON OFFER.

DESCRIPTION
This gem of a three bedroom semi-detached property oozes character throughout and is the perfect period property with all its glorious original features. This Victorian property is set within close proximity to Wolverhampton City Centre and has local amenities, excellent commuting links taking you in and out of Wolverhampton city centre which is also within walking distance. This property has been recently renovated and is catering for the HMO market with fire doors and utility systems in place.

Internally this property comprises of Minton flooring to hallway, two reception rooms, kitchen area with utility, downstairs toilet, three bedrooms, two with en suites. Externally the property has a large driveway to front offering ample parking.

This property must be viewed to appreciate all accommodation on offer.

Location And Area 
Situated to the outskirts of Wolverhampton City centre the property is ideally situated by a host of excellent schools, amenities and shops with West Park hospital only a short drive away. Wolverhampton City centre itself offers a range of high street shops, amenities and leisure facilities along with excellent transport links including the rail and bus station, which offers both local and national services.

Entrance Hall 
Minton flooring, Central heated radiator, door to front, door leading to all other accommodation.

Downstairs Shower Room 
Shower cubicle, wash hand basin, extractor fan, window, central heated radiator.

Separate Wc 
Wash hand basin, low level wc, window, central heated radiator.

Lounge 13' 9" max x 13' 8" max ( 4.19m max x 4.17m max )
Double glazed window to front, central heated radiator, door to entrance hall.

Second Reception Room 12' 8" max x 10' 9" max ( 3.86m max x 3.28m max )
Double glazed window to rear, central heated radiator, door to hallway.

Kitchen Diner 18' 3" max x 8' 4" max ( 5.56m max x 2.54m max )
Two double glazed window to side, door to side, array of wall and base units with roll top work surfaces, integrated sink drainer unit, electric oven with gas hob and cooker hood over, central heated radiator.

Utility 8' 8" max x 5' 7" max ( 2.64m max x 1.70m max )
Double glazed window to rear and side, cupboards.

First Floor Landing 
Skylight, central heated radiator, loft hatch, stairs to entrance hall, doors to various rooms.

Bedroom One 14' 1" max x 14' 1" max ( 4.29m max x 4.29m max )
Double glazed window to front, central heated radiator, door to en suite, door to first floor landing.

Ensuite 
Shower cubicle with shower, wash hand basin and extractor fan.

Bedroom Two 12' 9" max x 11' 4" max ( 3.89m max x 3.45m max )
Double glazed window to rear, central heated radiator, door to first floor landing.

Bedroom Three 10' 1" max x 13' 7" max ( 3.07m max x 4.14m max )
Double glazed window to side, central heated radiator, door to first floor landing, door to dressing room area, door to en suite.

Ensuite 
Shower cubicle, wash hand basin and low level wc, door leading to bedroom three.

Family Showerroom 
Double glazed window to side, shower cubicle, wash hand basin.

Outside Front 
Large gravelled driveway perfect for ample parking.

Agents Notes 
Recently renovated and has all the amenities for a HMO.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Wolverhampton

01902 943827

Next Steps?

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