3 Bed Detached House, Refurb/BRRR, Wolverhampton, WV6 8LT, £375,000

11 Foley Avenue, Wolverhampton, West Midlands, WV6 8LT - 2 views - a year ago

Sold STC
Refurb/BRRR
~120 m²
+8 photos

ValuationOvervalued

Sold Prices£140K - £550K
Sold Prices/m²£1.6K/m² - £5.7K/m²

 

 

Square Metres

~120.27 m²
Price/m²£3.1K/m²

Value Estimate

£320,720

 

 

End Value (After Refurb)

£339,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£47,268

Bridging Loan Interest

£9,844

Total Cash In

£171,312

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£339,975

Mortgage (After Refinance)

£254,981

Mortgage LTV

75%

Cash Left In

£171,312

Equity

£84,994

Rent Range

£850 - £1,495

Rent Estimate

£1,169

Running Costs/mo

£1,316

Cashflow/mo

£-147

Cashflow/yr

£-1,767

Gross Yield

4%

Local Sold Prices

51 sold prices from £140K to £550K, average is £219K. £1.6K/m² to £5.7K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£460K06/230.01 mi10, Foley Avenue, Tettenhall, Wolverhampton, West Midlands WV6 8LT3
£169.9K11/200.1 mi11, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£168K11/200.1 mi31, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£219K10/230.1 mi47, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£230K05/240.1 mi11, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£298K08/230.15 mi9, Kinfare Drive, Wolverhampton, West Midlands WV6 8JW3
£340K01/230.18 mi5, Church Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8LJ3
£352.5K07/230.18 mi9, Church Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8LJ3
£207K02/230.2 mi20, Woodend Place, Wolverhampton, West Midlands WV6 8JU3
£182K04/210.21 mi75, The Crescent, Wolverhampton, West Midlands WV6 8LB3
£280K04/210.22 mi5, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HU3
£550K05/230.24 miThe Stables, Elmhurst, Wood Road, Wolverhampton, West Midlands WV6 8LN3
£260K06/230.24 mi15, Rising Brook, Tettenhall Wood, Wolverhampton, West Midlands WV6 8JT3
£185K06/230.24 mi6, Rising Brook, Tettenhall Wood, Wolverhampton, West Midlands WV6 8JT3
£160K03/210.25 mi13, Kingsley Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8JX3
£191K01/210.26 mi32, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ER3
£215K06/210.26 mi28, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ER3
£190K03/210.27 mi13, The Crescent, Wolverhampton, West Midlands WV6 8LA3
£420K02/210.27 mi21, Woodcote Road, Wolverhampton, West Midlands WV6 8LP3
£355K03/210.27 mi26, Woodcote Road, Wolverhampton, West Midlands WV6 8LP3
£351K06/210.27 mi7, Woodcote Road, Wolverhampton, West Midlands WV6 8LP3
£280K08/230.27 mi63, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AT3
£310K12/230.27 mi55, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AT3
£200K12/220.27 mi29, Penk Rise, Tettenhall Wood, Wolverhampton, West Midlands WV6 8JY3
£200K02/240.28 mi6, Regina Crescent, Wolverhampton, West Midlands WV6 8JG3
£200K02/240.28 mi6, Regina Crescent, Wolverhampton, West Midlands WV6 8JG3
£245K01/230.28 mi32, Penk Rise, Tettenhall Wood, Wolverhampton, West Midlands WV6 8JY3
£195K12/220.28 mi67, Woodhouse Road North, Tettenhall, Wolverhampton, West Midlands WV6 8JD3
£359K01/210.28 mi14, Wincote Drive, Wolverhampton, West Midlands WV6 8LR3
£212K09/210.28 mi1, Northdale, Wolverhampton, West Midlands WV6 8JF3
£173K08/230.28 mi2, Northdale, Wolverhampton, West Midlands WV6 8JF3
£250K03/210.29 mi29, Henwood Road, Wolverhampton, West Midlands WV6 8PQ3
£214.9K03/210.3 mi59, Long Lake Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EY3
£140K01/210.31 mi36, Long Lake Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EX3
£279.9K05/230.31 mi36, Long Lake Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EX3
£173K03/210.31 mi65, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EP3
£280K04/230.31 mi67, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EP3
£225K02/240.31 mi59, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EP3
£156K02/210.31 mi70, Cornwall Road, Wolverhampton, West Midlands WV6 8UZ3
£232K06/210.31 mi176, Cornwall Road, Wolverhampton, West Midlands WV6 8UZ3
£168K11/200.33 mi56, Cornwall Road, Wolverhampton, West Midlands WV6 8XB3
£174K12/200.33 mi2, Cornwall Road, Wolverhampton, West Midlands WV6 8XB3
£160K01/230.33 mi28, Cornwall Road, Wolverhampton, West Midlands WV6 8XB3
£189.5K11/230.33 mi42, Cornwall Road, Wolverhampton, West Midlands WV6 8XB3
£300K02/230.34 mi47, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AW3
£300K06/230.34 mi41, Grange Road, Tettenhall, Wolverhampton, West Midlands WV6 8RE3
£475K03/230.37 mi8, Grove Lane, Wolverhampton, West Midlands WV6 8NJ3
£170K04/210.37 mi81, Cornwall Road, Wolverhampton, West Midlands WV6 8UY3
£159.9K04/210.38 mi25, Cornwall Road, Wolverhampton, West Midlands WV6 8XA3
£219.9K02/210.38 mi25, Martham Drive, Wolverhampton, West Midlands WV6 8AL3
£245K10/230.38 mi33, Martham Drive, Wolverhampton, West Midlands WV6 8AL3

Local Rents

12 rents from £850/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.12 mi-3
£1,20012/240.12 miWoodland Avenue, Wolverhampton, WV63
£1,49512/240.29 mi14 Wincote Drive, Tettenhall, WV6 8LR3
£85012/240.33 miCornwall Road, Tettenhall3
£1,15012/240.34 mi-3
£1,15012/240.34 miTyrley Close, Compton3
£1,20012/240.37 mi-3
£1,20002/250.37 mi-3
£1,20004/250.37 mi-3
£89512/240.38 miCornwall Road, Tettenhall, Wolverhampton, WV6 8UZ3
£1,35012/240.42 miCherrington Gardens, Wolverhampton, WV63
£1,20012/240.45 miRegis Road, Tettenhall, Wolverhampton3

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.76 miles away

Nearest school

0.20 miles away

Nearest train station

2.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £375,000

June 6, 2024

Sold for £119,950

1998

Floor Plans

Description

  • No chain +
  • Entrance hall +
  • Living room +
  • Dining room +
  • Kitchen +
  • Laundry / Utility room +
  • 3 Bedrooms +
  • Bathroom +
  • Garage +
  • Driveway +

Occupying a choice position set back from the road within an established tree lined cul-de-sac- this three bedroom link detached property provides a practical layout of living accommodation that is in need of a course of modernisation and updating throughout and therefore in our opinion would prove ideal for those discerning buyers looking to acquire a property they can extend and restyle to their own requirements.

The property is is conveniently located close to both Tettenhall Wood and Tettenhall villages which both host a variety of independent shops and local bus routes as well as being situated within the catchment area of a number of desired schools.
EPC D57

Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.

Agent Details

Nick Tart Estate Agents, Tettenhall

01902 953189

Next Steps?

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