2 Bed Flat, Single Let, Wolverhampton, WV6 0LS, £90,000

The Lindens, Wolverhampton, WV6 0LS - a year ago

Leasehold
BTL
ROI: 14%
~56 m²
+4 photos

ValuationUndervalued

Sold Prices£71.5K - £230K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~56.30 m²
Price/m²£1.6K/m²

Value Estimate

£108,900
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£795

Running Costs/mo

£460

Cashflow/mo

£335

Cashflow/yr

£4,017

ROI

14%

Gross Yield

11%

Local Sold Prices

44 sold prices from £71.5K to £230K, average is £129K. £999/m² to £2.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£135K11/220.15 mi2, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£128K01/230.15 mi5, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£135K11/220.15 mi14, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£71.5K04/220.41 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£100K06/230.45 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.45 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.45 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£98K01/210.5 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£128.1K06/230.5 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£85K07/210.51 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£112.5K06/210.52 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£85K12/220.55 mi40, St Michaels Court, Wolverhampton, West Midlands WV6 9AD2
£90K02/230.61 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£163.4K08/230.62 mi18, Upper Street, Wolverhampton, West Midlands WV6 8QG2
£100K12/220.65 miFlat 13, College Court, High Street, Tettenhall, Wolverhampton, West Midlands WV6 8QP2
£118K11/210.68 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£134K03/230.68 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.68 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£123K04/210.72 mi1, Bantock Gardens, Wolverhampton, West Midlands WV3 9LP2
£110K11/230.74 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£105K12/220.74 mi18, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£110K07/210.75 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£230K06/210.79 mi4, Edward Lisle Gardens, Wolverhampton, West Midlands WV6 8UB2
£107.5K11/220.82 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£96K08/210.82 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.82 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.82 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£165K12/230.83 mi9, Finchfield Road, Wolverhampton, West Midlands WV3 9LS2
£122K11/220.84 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£143K11/220.88 mi17, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£130K10/230.88 mi18, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£115K11/200.88 mi1, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£140K11/220.89 mi48, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£157.5K11/220.9 mi53, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£179.9K12/200.9 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.9 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£178K08/230.9 mi7, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£179.9K12/200.9 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.9 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£160K02/230.9 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£130K08/220.9 mi6, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£150K08/220.95 mi4, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£182K05/240.97 mi11, Cygnet Close, Wolverhampton, West Midlands WV6 8XR2
£139.9K07/230.97 mi9, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2

Local Rents

29 rents from £750/mo to £4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87504/250.08 mi-2
£79512/240.11 miTettenhall Road, Wolverhampton2
£85012/240.2 miSlade Hill, Wolverhampton2
£80012/240.2 miSlade Hill, Wolverhampton2
£80012/240.2 miSlade Hll, Wolverhampton2
£1,50012/240.21 mi11 Beacon House, Tettenhall Road, Newbridge2
£90012/240.22 mi-2
£79511/240.32 miTettenhall Road, Wolverhampton, West Midlands2
£90004/250.42 mi-2
£85004/250.42 mi-2
£89510/240.46 mi-2
£79511/240.46 miCompton Road, Wolverhampton, West Midlands, WV32
£90004/250.47 mi-2
£75012/240.51 mi-2
£92511/240.53 miHaden Hill, Wolverhampton2
£1,65012/240.54 miLower Green, Tettenhall, Wolverhampton2
£1,75012/240.54 mi5c The Mitre, Lower Green, Tettenhall2
£1,35012/240.56 mi4, Rock House, Old Hill, Wolverhampton2
£1,30012/240.56 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£4,00011/240.56 mi-2
£4,00011/240.56 mi-2
£1,15011/240.56 miPark Road West, West Park2
£1,35012/240.57 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£82511/240.57 miTettenhall Gate, Haden Hill, Wolverhampton2
£80011/240.57 miHaden Hill, Wolverhampton2
£99511/240.57 miHaden Hill, Wolverhampton2
£87511/240.57 miHaden Hill, WOLVERHAMPTON2
£1,15011/240.61 mi-2
£85002/250.61 mi-2

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.48 miles away

Nearest school

0.10 miles away

Nearest train station

1.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £90,000

April 8, 2024

Floor Plans

Description

  • No Upward Chain! +
  • First Floor Apartment +
  • Two Double Bedrooms +
  • Garage +
  • Excellent Location +
  • Communal Gardens +
  • Close to Wolverhampton City Centre +
  • Priced to Sell! +

Concentric Sales & Lettings are delighted to present this first-floor, two-bedroom apartment located in the Merridale area of Wolverhampton, benefitting from excellent transport links, proximity to Wolverhampton City Centre and communal gardens. The property comprises of entrance into the main hallway, with the lounge, integrated kitchen, family bathroom, and two double bedrooms off this hallway. Additionally, the property benefits from in-built storage space throughout and Juliet balcony.

EPC: D

Council Tax: A

Property Type: First Floor Apartment

Heating Type: Electric

Parking: Garage / Street Parking / Shared Parking

Tenure: Leasehold
Years Remaining: 76
Ground Rent: £37.50pa
Service Charge: £324.96 Quarterly
(WE ARE ADVISED BY THE VENDOR)
Reception 3.35m (11'0) x 4.32m (14'2)

Kitchen 1.6m (5'3) x 2.97m (9'9)

Bedroom 1 3.15m (10'4) x 4.32m (14'2)

Bedroom 2 2.95m (9'8) x 3.1m (10'2)

Bathroom 1.63m (5'4) x 3.02m (9'11)

Parking

Every care has been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point which is particularly important to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. All measurements quoted are approximate. Any Fixtures, Fittings and Appliances referred to have not been tested and therefore no guarantee can be given that they are in working order. These particulars do not constitute a contract or part of a contract.
No Upward Chain!

First Floor Apartment

Two Double Bedrooms

Garage

Excellent Location

Communal Gardens

Close to Wolverhampton City Centre

Priced to Sell!

Agent Details

Concentric Sales & Lettings, Wolverhampton

01902 953085

Next Steps?

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