2 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV3 9NL, £189,950

Cranmore Road, Wolverhampton, WV3 9NL - 1 views - 10 months ago

Refurb/BRRR
ROI: 3%
~108 m²
+8 photos

ValuationOvervalued

Sold Prices£80K - £355K
Sold Prices/m²£1.1K/m² - £4.1K/m²

 

 

Square Metres

~107.60 m²
Price/m²£1.8K/m²

Value Estimate

£180,820

 

 

End Value (After Refurb)

£199,829

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,488

Stamp Duty & Legal Fees

£11,997

Refurb Costs

£42,577

Bridging Loan Interest

£4,986

Total Cash In

£108,797

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£199,829

Mortgage (After Refinance)

£149,871

Mortgage LTV

75%

Cash Released

£7,409

Cash Left In

£101,388

Equity

£49,957

Rent Range

£750 - £4,000

Rent Estimate

£1,195

Running Costs/mo

£883

Cashflow/mo

£312

Cashflow/yr

£3,738

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £355K, average is £138.5K. £1.1K/m² to £4.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£180K11/200 mi11, Cranmore Road, Wolverhampton, West Midlands WV3 9NL2
£235K12/220.15 mi12, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS2
£227.5K01/230.2 mi8, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX2
£245K02/210.35 mi34, Pentland Gardens, Wolverhampton, West Midlands WV3 9JY2
£265K07/230.35 mi25, Compton Road, Wolverhampton, West Midlands WV3 9QP2
£290K04/230.36 mi17, Alderdale, Wolverhampton, West Midlands WV3 9JF2
£200K11/200.36 mi22, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£247K12/220.36 mi20, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£355K06/210.37 mi2, Newbridge Crescent, Wolverhampton, West Midlands WV6 0LP2
£105K04/210.37 mi99, Merridale Road, Wolverhampton, West Midlands WV3 9SE2
£124K10/200.39 mi8, Newbridge Street, Wolverhampton, West Midlands WV6 0EE2
£140K07/230.44 mi19, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£130K07/230.44 mi43, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£135K03/230.52 mi111, Court Road, Wolverhampton, West Midlands WV6 0JL2
£209.9K09/230.52 mi193, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RW2
£135K12/220.56 mi309, Hordern Road, Wolverhampton, West Midlands WV6 0HE2
£130K07/210.56 mi280, Hordern Road, Wolverhampton, West Midlands WV6 0HE2
£80K02/210.62 mi11, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£126.5K11/230.62 mi33, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£85K03/210.62 mi67, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£112K02/230.62 mi25, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£180K06/210.63 mi19, Crowther Road, Wolverhampton, West Midlands WV6 0HZ2
£160K02/230.63 mi68, Hordern Road, Wolverhampton, West Midlands WV6 0HJ2
£180K03/210.68 mi335, Tettenhall Road, Wolverhampton, West Midlands WV6 0JZ2
£150K06/210.73 mi13, Meadow View Terrace, Wolverhampton, West Midlands WV6 8NX2
£137K02/240.73 mi182, Merridale Street West, Wolverhampton, West Midlands WV3 0RP2
£149.9K05/210.75 mi14, Meadow View Terrace, Wolverhampton, West Midlands WV6 8NX2
£94K12/200.75 mi15, Mostyn Street, Wolverhampton, West Midlands WV1 4RR2
£128K02/230.75 mi15, Mostyn Street, Wolverhampton, West Midlands WV1 4RR2
£275K03/210.76 mi6, York Crescent, Wolverhampton, West Midlands WV3 9BT2
£128K12/230.79 mi84, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP2
£118.6K01/240.79 mi25, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£218K11/200.8 mi15, Finchdene Grove, Finchfield, Wolverhampton, West Midlands WV3 8BG2
£82K01/210.8 mi37, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£144K10/210.81 mi10, Marksbury Close, Wolverhampton, West Midlands WV6 0XD2
£107.5K09/230.82 mi45, Jameson Street, Wolverhampton, West Midlands WV6 0NT2
£150K04/210.82 mi4, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£177K12/200.82 mi19, Broad Lane, Wolverhampton, West Midlands WV3 9BN2
£96K04/210.83 mi64, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£91K10/210.83 mi54, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£120K11/230.83 mi68, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£119K12/200.83 mi3, Manlove Street, Wolverhampton, West Midlands WV3 0HG2
£120K12/200.83 mi112, Jeffcock Road, Wolverhampton, West Midlands WV3 7AF2
£102K06/210.84 mi23, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ2
£285K01/230.84 mi15, Sycamore Drive, Finchfield, Wolverhampton, West Midlands WV3 9HB2
£282K05/240.84 mi9, Sycamore Drive, Finchfield, Wolverhampton, West Midlands WV3 9HB2
£240K11/200.85 mi1, Sycamore Drive, Finchfield, Wolverhampton, West Midlands WV3 9HB2
£176K03/230.85 mi25, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ2
£117.5K03/210.86 mi32, Roxby Gardens, Wolverhampton, West Midlands WV6 0TL2
£86K06/210.87 mi36, Bristol Street, Wolverhampton, West Midlands WV3 0HD2

Local Rents

35 rents from £750/mo to £4K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£79511/240.08 miTettenhall Road, Wolverhampton, West Midlands2
£89510/240.15 mi-2
£79511/240.15 miCompton Road, Wolverhampton, West Midlands, WV32
£85012/240.17 miSlade Hill, Wolverhampton2
£80012/240.17 miSlade Hill, Wolverhampton2
£80012/240.17 miSlade Hll, Wolverhampton2
£92511/240.23 miHaden Hill, Wolverhampton2
£4,00011/240.25 mi-2
£4,00011/240.25 mi-2
£80011/240.26 miHaden Hill, Wolverhampton2
£99511/240.26 miHaden Hill, Wolverhampton2
£87511/240.26 miHaden Hill, WOLVERHAMPTON2
£82511/240.26 miTettenhall Gate, Haden Hill, Wolverhampton2
£85002/250.29 mi-2
£79903/250.32 mi-2
£1,15011/240.32 mi-2
£90012/240.33 mi-2
£85004/250.37 mi-2
£85004/250.37 mi-2
£79512/240.37 miTettenhall Road, Wolverhampton2
£90004/250.37 mi-2
£85004/250.37 mi-2
£87504/250.38 mi-2
£85011/240.38 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£97511/240.43 miMerridale Road, Wolverhampton, West Midlands, WV32
£1,15011/240.43 miPark Road West, West Park2
£4,00011/240.44 mi-2
£1,10012/240.45 mi-2
£1,10001/250.45 mi-2
£1,20011/240.45 mi-2
£1,50012/240.52 mi11 Beacon House, Tettenhall Road, Newbridge2
£79511/240.53 miMerridale Road, Wolverhampton, WV32
£90004/250.54 mi-2
£75012/240.55 mi-2
£82511/240.61 miYork Avenue, Finchfield2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.53 miles away

Nearest school

0.20 miles away

Nearest train station

1.15 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 £189,950

December 4, 2024

Listed for £199,950

June 18, 2024

Floor Plans

Description

* An ideally situated 2-bedroom terraced house with generous internal dimensions and in need of modernisation , charming period features, cellaring, and a sizeable rear garden * Hall * Lounge * Dining room * Breakfast kitchen * Cellar * Two double bedrooms * Bathroom * Good-sized rear garden * Ideal refurbishment project *

Just a short walk from West Park and St. Judes Primary, this deceptively spacious, 2-bedroom terraced period house is located on a sought-after cul-de-sac within easy reach of the city centre and the A41. The property enjoys excellent proportions throughout and delightful period character, having fireplaces to all bedrooms and reception rooms. The ground floor comprises a welcoming lounge and a separate dining room, with a semi-open plan layout onto the attractive breakfast kitchen. A cellar offers storage beneath the house, while upstairs, two generous double bedrooms sit alongside the bathroom. A good-sized garden can be found at the rear.

Agent Details

Peter James Property Ltd, Tettenhall

01902 953580

Next Steps?

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