2 Bed Terraced House, Single Let, Wolverhampton, WV3 0RP, £140,000

1 Merridale Street West, Pennfields, WV3 0RP - 1 views - a year ago

BTL
ROI: 5%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£75K - £290K
Sold Prices/m²£1.1K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£127,788

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£795

Running Costs/mo

£617

Cashflow/mo

£179

Cashflow/yr

£2,142

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £290K, average is £159.9K. £1.1K/m² to £4.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£137K02/240.05 mi182, Merridale Street West, Wolverhampton, West Midlands WV3 0RP2
£128K12/230.13 mi84, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP2
£118.6K01/240.13 mi25, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£119K12/200.13 mi3, Manlove Street, Wolverhampton, West Midlands WV3 0HG2
£82K01/210.13 mi37, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£102K06/210.15 mi23, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ2
£82.5K01/230.18 mi45, Bingley Street, Wolverhampton, West Midlands WV3 0HS2
£155K09/230.19 mi46, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HW2
£115K07/210.2 mi56, Dalton Street, Wolverhampton, West Midlands WV3 0HE2
£97K03/210.2 mi38, Bamford Road, Wolverhampton, West Midlands WV3 0AS2
£86K06/210.21 mi36, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£85K10/210.21 mi56, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£92K11/200.24 mi104, Bruford Road, Wolverhampton, West Midlands WV3 0BA2
£97.5K12/200.25 mi45, Fisher Street, Wolverhampton, West Midlands WV3 0LF2
£120K12/200.25 mi112, Jeffcock Road, Wolverhampton, West Midlands WV3 7AF2
£123.5K11/210.26 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£165K01/230.26 mi107, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£140K03/240.26 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£176K03/230.28 mi25, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ2
£170K12/220.34 mi151, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HL2
£125K07/210.35 mi19, Carlton Road, Wolverhampton, West Midlands WV3 0LP2
£75K08/210.36 mi2, Fistral Gardens, Wolverhampton, West Midlands WV3 7NY2
£105K04/210.36 mi99, Merridale Road, Wolverhampton, West Midlands WV3 9SE2
£265K07/230.47 mi25, Compton Road, Wolverhampton, West Midlands WV3 9QP2
£200K11/200.49 mi22, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£247K12/220.49 mi20, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£177K12/200.52 mi19, Broad Lane, Wolverhampton, West Midlands WV3 9BN2
£210K09/210.53 mi7, Havelock Close, Wolverhampton, West Midlands WV3 7HS2
£159.9K05/210.55 mi24, Ackleton Gardens, Bradmore, Wolverhampton, West Midlands WV3 7ES2
£120K12/220.56 mi6, Clayton Close, Wolverhampton, West Midlands WV2 4NH2
£178K08/210.57 mi13, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£211K01/240.57 mi22, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£167K03/230.58 mi34, Maple Road, Wolverhampton, West Midlands WV3 7JD2
£235K12/220.6 mi12, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS2
£227.5K01/230.6 mi8, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX2
£155K10/230.6 mi53, Trysull Road, Wolverhampton, West Midlands WV3 7JE2
£185K08/230.61 mi20, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ET2
£185K01/230.62 mi28, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ER2
£290K04/230.63 mi17, Alderdale, Wolverhampton, West Midlands WV3 9JF2
£163K03/230.63 mi1, Fellows Street, Wolverhampton, West Midlands WV2 4ND2
£163.5K11/210.64 mi96, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£140K03/210.64 mi98, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£159.9K06/210.69 mi53, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£165K10/230.69 mi76, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£170K06/210.69 mi34, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£215K11/230.71 mi27, Oxbarn Avenue, Wolverhampton, West Midlands WV3 7HD2
£178K09/230.72 mi3, Worfield Gardens, Penn Fields, Wolverhampton, West Midlands WV3 7EL2
£180K11/200.72 mi11, Cranmore Road, Wolverhampton, West Midlands WV3 9NL2
£136.5K05/230.75 mi42, Mason Street, Wolverhampton, West Midlands WV2 3AG2
£275K03/210.81 mi6, York Crescent, Wolverhampton, West Midlands WV3 9BT2

Local Rents

35 rents from £750/mo to £4K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£90011/240.19 mi-2
£87503/250.19 mi-2
£75002/250.19 mi-2
£84003/250.2 mi-2
£87511/240.24 miLea Road, Wolverhampton2
£1,00004/250.25 mi-2
£79511/240.27 miMerridale Road, Wolverhampton, WV32
£85004/250.36 mi-2
£85004/250.36 mi-2
£85011/240.37 miPennant Court, Wolverhampton, WV32
£95003/250.39 mi-2
£95011/240.39 mi-2
£79511/240.41 miGraiseley Street, Penn Fields2
£79903/250.42 mi-2
£97511/240.43 miMerridale Road, Wolverhampton, West Midlands, WV32
£85002/250.45 mi-2
£1,20011/240.46 mi-2
£1,10012/240.46 mi-2
£1,10001/250.46 mi-2
£92511/240.49 miCopthorne Road, Wolverhampton2
£4,00011/240.51 mi-2
£85011/240.52 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£97511/240.54 miChapel Ash, Wolverhampton, West Midlands, WV32
£80011/240.54 miHaden Hill, Wolverhampton2
£99511/240.54 miHaden Hill, Wolverhampton2
£87511/240.54 miHaden Hill, WOLVERHAMPTON2
£82511/240.55 miTettenhall Gate, Haden Hill, Wolverhampton2
£79511/240.57 miCompton Road, Wolverhampton, West Midlands, WV32
£89510/240.57 mi-2
£4,00011/240.59 mi-2
£4,00011/240.59 mi-2
£1,25011/240.6 mi-2
£1,15011/240.6 mi-2
£89512/240.61 mi-2
£92511/240.61 miHaden Hill, Wolverhampton2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.94 miles away

Nearest school

0.10 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £140,000

May 8, 2024

Floor Plans

Description

  • TWO Bedroom Mid Terrace House +
  • Well Placed & Walking Distance To The City Centre +
  • Well Presented Throughout +
  • Front Living Room/Breakfast Kitchen & Refitted Ground Floor Shower Room +
  • Both Bedrooms Each Accommodating Double Beds & More +
  • Excellent First Time/Investment Purchase +
  • Lovely Overall Property Most Worthy Of A Viewing +

TWO BEDROOMSREFITTED GROUND FLOOR SHOWER ROOM EXCELLENT INVESTMENT OR FIRST TIME PURCHASE Conveniently placed to Wolverhampton City Centre, this two bedroom mid terrace house offers a great investment opportunity or for a home hunter alike!

Situated in a popular central residential location, convenient for a wide range of local amenities including shops, schools and public transport into the City Centre (which indeed is within walking distance) ...... step inside the accommodation comprises of : front living room, breakfast kitchen to rear aspect with useful understairs storage and staircase to first floor. A service door off kitchen leads into a useful separate utility room and ground floor refitted shower room.

To the first floor are two well-proportioned bedrooms, both accommodating double beds.

The rear aspect has a courtyard, neighbouring right of way with access then to the garden being predominately lawned. Overall a great property most worthy of a viewing that’s for sure!!!

Mobile coverage from all four major networks.
Ultrafast Full Fibre Broadband
All services are mains connected
On street parking

*Results provided by Ofcom and correct at time of listing*

Agent Details

D B Roberts & Partners, Wolverhampton

01902 943715

Next Steps?

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