4 Bed Detached House, Planning Permission, Wolverhampton, WV3 7LT, £555,000

Coalway Avenue, Penn, Wolverhampton, WV3 7LT - a year ago

Planning
ROI: 1%
~129 m²
+18 photos

ValuationOvervalued

Sold Prices£155K - £615K
Sold Prices/m²£1K/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£4.3K/m²

Value Estimate

£327,233

 

 

End Value (After Refurb)

£370,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£138,750

Stamp Duty & Legal Fees

£44,200

Refurb Costs

£51,147

Bridging Loan Interest

£14,569

Total Cash In

£250,416

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£370,000

Mortgage (After Refinance)

£277,500

Mortgage LTV

75%

Cash Left In

£250,416

Equity

£92,500

Rent Range

£875 - £4,300

Rent Estimate

£1,853

Running Costs/mo

£1,547

Cashflow/mo

£306

Cashflow/yr

£3,674

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £155K to £615K, average is £350K. £1K/m² to £4.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£370K01/230.06 mi236, Penn Road, Wolverhampton, West Midlands WV4 4AA4
£410K02/230.08 mi19, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7LU4
£275K02/210.18 mi29, Alexandra Road, Wolverhampton, West Midlands WV4 5UA4
£240K02/240.18 mi28, Alexandra Road, Wolverhampton, West Midlands WV4 5UA4
£320K10/220.22 mi316, Penn Road, Wolverhampton, West Midlands WV4 4AQ4
£362.5K02/220.3 mi19a, Tudor Crescent, Wolverhampton, West Midlands WV2 4PX4
£425K10/230.3 mi28, Appleton Crescent, Wolverhampton, West Midlands WV4 5TW4
£530K11/220.31 mi26, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SW4
£330K10/210.32 mi42, Osborne Road, Wolverhampton, West Midlands WV4 4AY4
£390K06/210.32 mi8, Osborne Road, Wolverhampton, West Midlands WV4 4AY4
£590K06/210.32 mi17, Copthorne Road, Penn Fields, Wolverhampton, West Midlands WV3 0AB4
£415K11/200.34 mi52, Goldthorn Avenue, Wolverhampton, West Midlands WV4 5AB4
£275K01/230.34 mi30, Goldthorn Avenue, Wolverhampton, West Midlands WV4 5AB4
£400K06/230.35 mi3, Osborne Road, Wolverhampton, West Midlands WV4 4BA4
£310K09/220.36 mi38, Goldthorn Road, Blakenhall, Wolverhampton, West Midlands WV2 4PN4
£270K12/200.36 mi7, Marlbrook Drive, Wolverhampton, West Midlands WV4 5AU4
£290K11/210.39 mi64a, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BE4
£190K11/210.39 mi200, Jeffcock Road, Wolverhampton, West Midlands WV3 7AH4
£375K12/230.4 mi71, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BD4
£350K01/230.4 mi29, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BD4
£348K05/230.4 mi43, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BD4
£361K04/210.4 mi30, Buckingham Road, Wolverhampton, West Midlands WV4 5TJ4
£470K01/210.43 mi125, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7NA4
£392.5K02/230.44 mi6, Hanbury Crescent, Wolverhampton, West Midlands WV4 4BW4
£366.5K06/210.44 mi10, Sandringham Road, Wolverhampton, West Midlands WV4 5TG4
£255.5K05/210.45 mi14, Balmoral Road, Wolverhampton, West Midlands WV4 5SZ4
£595K01/230.45 mi4, Hartwood Crescent, Wolverhampton, West Midlands WV4 5QN4
£320K03/210.46 mi11a, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BG4
£437K10/220.47 mi4, Belvedere Avenue, Wolverhampton, West Midlands WV4 5TD4
£400K03/210.48 mi94, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7NB4
£210K10/220.48 mi3, Chetwynd Road, Wolverhampton, West Midlands WV2 4NZ4
£615K05/210.49 mi68, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SD4
£248K01/210.52 mi48, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AP4
£485K04/210.53 mi29, Claremont Road, Wolverhampton, West Midlands WV3 0EA4
£255K07/210.53 mi33, Birches Barn Road, Wolverhampton, West Midlands WV3 7BL4
£183K08/210.53 mi75, Upper Villiers Street, Wolverhampton, West Midlands WV2 4NX4
£187.5K11/210.57 mi164, Lea Road, Penn Fields, Wolverhampton, West Midlands WV3 0LQ4
£372.5K01/230.57 mi17, Linton Road, Penn, Wolverhampton, West Midlands WV4 4DS4
£345K02/230.61 mi25, Swan Bank, Penn, Wolverhampton, West Midlands WV4 5PZ4
£360K10/230.61 mi95, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AN4
£325K12/220.63 mi120, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7HA4
£240K01/240.63 mi72, Hughes Avenue, Wolverhampton, West Midlands WV3 7AT4
£350K08/210.64 mi4, Virginia Drive, Penn, Wolverhampton, West Midlands WV4 5PS4
£350K08/210.64 mi4, Virginia Drive, Penn, Wolverhampton, West Midlands WV4 5PS4
£475K06/210.64 mi9, Virginia Drive, Penn, Wolverhampton, West Midlands WV4 5PS4
£257.5K07/210.65 mi24, Maple Road, Wolverhampton, West Midlands WV3 7JD4
£425K12/220.67 mi107, Oxbarn Avenue, Wolverhampton, West Midlands WV3 7HQ4
£347K03/210.69 mi5, Thurlstone Drive, Penn, Wolverhampton, West Midlands WV4 5QL4
£155K03/210.7 mi18, Dalton Street, Wolverhampton, West Midlands WV3 0HF4
£236K11/210.72 mi55, Rowan Crescent, Wolverhampton, West Midlands WV3 7HN4

Local Rents

19 rents from £875/mo to £4.3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40011/240.13 mi19A Woodfield Avenue, Penn3
£1,65003/250.15 mi-4
£1,30004/250.29 mi-3
£1,60002/250.32 mi-4
£1,35011/240.36 mi-4
£1,50011/240.36 miGoldthorn Road, Wolverhampton4
£2,19503/250.38 mi-4
£2,95011/240.4 mi7 Great Hall Grove, Penn6
£1,39502/240.42 mi-4
£2,65011/240.44 mi-6
£1,14511/240.54 mi-3
£2,70004/250.55 mi-3
£89511/240.56 miBruford Road, Wolverhampton, WV33
£1,75011/240.56 mi-4
£1,75001/250.56 mi-4
£87511/240.57 miSwan Bank, Wolverhampton3
£4,30003/250.58 mi-5
£1,20001/250.62 mi-3
£1,20001/250.62 mi-3

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.47 miles away

Nearest school

0.10 miles away

Nearest train station

1.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £555,000

December 25, 2024

Listed for £550,000

March 28, 2024

Floor Plans

Description

  • CHAIN FREE AND AVAILABLE NOW +
  • Attractive four bedroom detached family property +
  • Potential for loft conversion and rear extension subject to planning permission +
  • Large over 17ft long entertainment style family lounge +
  • Large breakfast kitchen with feature island and adjoining utility +
  • Two en-suite shower rooms, family bathroom, downstairs wc and separate toilet +
  • Large enclosed rear garden ideal for families +
  • Close to the popular Royal School & Other popular schools +

SUMMARY
"AN EXCEPTIONALLY SPACIOUS & ATTRACTIVE 4 BEDROOM DETACHED FAMILY PROPERTY IN THE POPULAR PENN AREA"
Comprising of entrance porch, entrance hall, lounge, dining room, breakfast kitchen, downstairs wc and utility, 4 bedrooms, 2 en-suites, bathroom, separate wc, garage, driveway to front, rear garden

DESCRIPTION
Connells Wolverhampton have the pleasure of bringing to the market this exceptionally large and spacious detached four bedroom period family property. Benefiting from NO CHAIN this property would be an ideal family purchase, internally the property has an abundance of space and must be viewed in order to fully appreciate.

The property comprises of a large entrance porch, large and stylish entrance hall with original feature parquet flooring, entertainment family lounge, large formal dining room/ potential bedroom five, large entertainment style breakfast kitchen with feature island, downstairs wc and a separate utility. On the first floor there are four double bedrooms, two with en-suite shower rooms, family bathroom and a separate wc. This property offers huge potential for loft conversion which neighbouring properties have done, with a large gallery landing offering ample room for a conversion to be completed.

Externally there is a garage, drive / front garden area offers ample scope for increasing the parking area and side gated access. To the rear there is a large raised patio area with steps leading down to a large enclosed rear garden making this the ideal family property.

Viewing is highly recommended to appreciate the accommodation on offer.

Location And Area 
Situated on the ever popular Coalway Avenue, with a fantastic selection of local schooling nearby. This property is situated off the Penn Road, close to local amenities and bus routes to Wolverhampton city centre

Entrance Porch 
Double glazed door to front, stained glass door leading the entrance hall

Entrance Hall 
Stained glass door leading the entrance porch, parquet flooring, panelled staircase, radiator, doors to various rooms, picture rail.

Dining Room/ Bedroom Five 18' into bay x 12' 2" ( 5.49m into bay x 3.71m )
Double glazed bay window to front radiators, feature wall lighting, potential use for bedroom five, door to entrance hall.

Lounge 17' 3" into bay x 16' ( 5.26m into bay x 4.88m )
Double glazed bay window to rear, radiators, gas fire, door to entrance hall, door to breakfast kitchen.

Breakfast Kitchen 15' 1" x 16' 3" ( 4.60m x 4.95m )
Double glazed french doors to rear with fitted blinds, double glazed door to inner entrance hall, two double glazed windows to side, range of wall and base units, one and a half stainless steel drainer sink, five ring Neff gas hob, integrated Neff microwave, grill and oven, feature two tiered breakfast island, large utility storage cupboards, tiled flooring and splashbacks, two radiators, door to entrance hall, door to inner entrance hall, door to lounge.

Inner Entrance Hall 
Glazed door to side, double glazed door to kitchen, open to utility.

Utility 5' 6" x 6' 5" ( 1.68m x 1.96m )
Double glazed window to side, base unit with an inset sink, plumbing for a washer, radiator, open to inner entrance hall.

Ground Floor Guest Wc 
Double glazed window to front, vanity sink, low flush toilet, radiator, tiled wall and floor, door to entrance hall.

First Floor landing 
Double glazed stained glass window to front, radiator, doors to various rooms, loft access, storage cupboard.

Bedroom One 17' 7" max into bay x 12' 3" ( 5.36m max into bay x 3.73m )
Double glazed bay window to rear, radiator, fitted wardrobe, door to en-suite.

En-Suite 
Electric shower in cubicle, radiator, vanity sink, part tiled wall and floor, feature spotlights and vanity unit, door to bedroom one.

Bedroom Two 17' 9" into bay x 12' 2" ( 5.41m into bay x 3.71m )
Double glazed bay window to front, two radiators, fitted wardrobe with concealed door to en-suite.

En-Suite 
Double glazed window to front, low flush toilet, vanity sink, electric shower in cubicle, spotlights, extractor, door to bedroom two.

Bedroom Three 12' 6" x 9' ( 3.81m x 2.74m )
Double glazed window to front, radiator, fitted wardrobe, door to landing.

Bedroom Four 14' 2" x 9' 8" ( 4.32m x 2.95m )
Double glazed window to rear, radiator, fitted wardrobe, door to landing.

Family bathroom 
Double glazed window to rear, panelled bath with mixer shower over, vanity sink, low flush toilet, radiator, heated towel rail, airing cupboard.

Separate Wc 
Double glazed window to side, low flush toilet, radiator, tiled floor.

Garage 
Double doors to front, door to side.

Outside Front 
Tarmacked driveway with a lawned area (potential to extend) surrounded by planter beds, dwarf wall to front, panelled fencing to side, side access leading to the rear garden.

Outside Rear 
Large paved patio area with steps leading down to a large lawned area with a range of planter beds either side, range of plants, trees and shrubs with panelled fencing, storage brick built storage shed, side gated access, outdoor lighting, outdoor tap.

Agents Note 
Please note some of the neighbouring properties have both extended to the rear and into the loft which would be a possibility for this property subject to necessary planning permissions and consents. The property is 178 sq m excluding garage.

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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