2 Bed Flat, Single Let, Wolverhampton, WV3 9LB, £125,000

Avenue Road, Wolverhampton, West Midlands, WV3 9LB - 1 views - a year ago

Sold STC
Leasehold
BTL
ROI: 10%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£71.5K - £182K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£143,607
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£725 - £4,000

Rent Estimate

£900

Running Costs/mo

£591

Cashflow/mo

£309

Cashflow/yr

£3,713

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £71.5K to £182K, average is £122.5K. £999/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£123K04/210.36 mi1, Bantock Gardens, Wolverhampton, West Midlands WV3 9LP2
£165K12/230.47 mi9, Finchfield Road, Wolverhampton, West Midlands WV3 9LS2
£135K11/220.47 mi2, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£128K01/230.47 mi5, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£135K11/220.48 mi14, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£179.9K12/200.52 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.52 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£178K08/230.52 mi7, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£179.9K12/200.52 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.52 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£160K02/230.52 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£71.5K04/220.53 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£143K11/220.56 mi17, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£150K08/220.57 mi4, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£130K10/230.58 mi18, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£115K11/200.58 mi1, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£112.5K06/210.59 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£139.9K07/230.6 mi9, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£130K08/220.6 mi6, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£96K08/210.6 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.6 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.6 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£107.5K11/220.61 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£100K06/230.61 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.61 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.61 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£118K11/210.7 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£134K03/230.7 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.7 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£90K02/230.7 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£157.5K11/220.71 mi53, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£140K11/220.71 mi48, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£182K05/240.74 mi11, Cygnet Close, Wolverhampton, West Midlands WV6 8XR2
£100K10/210.74 mi53, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2
£119K03/230.74 mi127, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2
£93K03/230.77 mi32, White Oak Drive, Wolverhampton, West Midlands WV3 9AW2
£123.1K12/220.79 mi141, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2
£100K12/220.79 miFlat 13, College Court, High Street, Tettenhall, Wolverhampton, West Midlands WV6 8QP2
£85K07/210.79 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£98K01/210.8 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£128.1K06/230.8 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£163.4K08/230.8 mi18, Upper Street, Wolverhampton, West Midlands WV6 8QG2
£105K12/220.81 mi18, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£122K11/220.82 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£110K11/230.82 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£110K07/210.83 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£85K12/220.86 mi40, St Michaels Court, Wolverhampton, West Midlands WV6 9AD2
£96.5K10/200.89 mi18, Gail Park, Wolverhampton, West Midlands WV3 7JJ2
£85K04/230.89 mi27, Gail Park, Wolverhampton, West Midlands WV3 7JJ2
£85K01/210.9 mi118, Limehurst Avenue, Wolverhampton, West Midlands WV3 9BE2

Local Rents

25 rents from £725/mo to £4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£72504/250.06 mi-2
£85004/250.06 mi-2
£82511/240.29 miYork Avenue, Finchfield2
£79511/240.4 miCompton Road, Wolverhampton, West Midlands, WV32
£89510/240.4 mi-2
£85012/240.45 miSlade Hill, Wolverhampton2
£80012/240.45 miSlade Hill, Wolverhampton2
£80012/240.45 miSlade Hll, Wolverhampton2
£79511/240.45 miTettenhall Road, Wolverhampton, West Midlands2
£79512/240.5 miTettenhall Road, Wolverhampton2
£79511/240.54 miFinchfield Road West, Finchfield, Wolverhampton2
£1,50012/240.56 mi11 Beacon House, Tettenhall Road, Newbridge2
£85002/250.56 mi-2
£90012/240.56 mi-2
£79903/250.58 mi-2
£79511/240.59 miMerridale Road, Wolverhampton, WV32
£92511/240.6 miHaden Hill, Wolverhampton2
£80011/240.6 miHaden Hill, Wolverhampton2
£99511/240.6 miHaden Hill, Wolverhampton2
£87511/240.6 miHaden Hill, WOLVERHAMPTON2
£82511/240.6 miTettenhall Gate, Haden Hill, Wolverhampton2
£85004/250.6 mi-2
£85004/250.6 mi-2
£4,00011/240.62 mi-2
£4,00011/240.62 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.14 miles away

Nearest school

0.20 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £125,000

October 27, 2023

Description

  • 2 x Bedrooms +
  • Secure Communal Entrance +
  • Entrance Hallway +
  • Kitchen +
  • Living Room +
  • Bathroom +
  • Garage +
  • Communal Gardens +
  • Viewing Advised +

CHAIN FREE – SECOND FLOOR FLAT - TWO DOUBLE BEDROOMS WITH SHARE OF FREEHOLD

Whitegates have immense pleasure in offering FOR SALE this LARGE two-bedroom 2nd Floor Flat west facing located on Grosvenor Court, Avenue Road, Compton. This property is very well situated and has a wide range of amenities close by that include excellent transport links via car/public, schools/shops, and is a short distance from Wolverhampton City Centre.

The block is set on very well maintained grounds with parking and secure gated access to the garages which then further leads into the communal gardens.

Upon entry you have secure intercom along with hallway entrance, spacious living room, two double bedrooms, Bathroom, Kitchen and THREE storage cupboards.

GCH and DG Windows

Service Charges are £300 per quarter and buyer would become a share holder of the freehold.

PLEASE NOTE - The property has a fixed term tenanacy until 5/3/2025 rent is £900 PCM.

Agent Details

Whitegates, Wolverhampton

01902 943727

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪