5 Bed HMO, Wolverhampton, WV6 0NR, £290,000

Dunstall Road, Wolverhampton, WV6 0NR - 24 views - 9 months ago

Sold STC
HMO
Planning
ROI: 6%
~178 m²
+8 photos

ValuationUndervalued

Sold Prices£130K - £985K
Sold Prices/m²£995/m² - £4.9K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.6K/m²

Value Estimate

£366,000
BMV22%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£85,200

 

 

Cash Out

 

Room Rate

£498

Gross Rent

£2,490

Running Costs/mo

£1,990

Cashflow/mo

£500

Cashflow/yr

£6,004

ROI

7%

Gross Yield

10%

Local Sold Prices

36 sold prices from £130K to £985K, average is £381K. £995/m² to £4.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£186.5K01/210.15 mi44, Dunstall Avenue, Wolverhampton, West Midlands WV6 0ND5
£380K03/210.31 mi63, Park Road East, Wolverhampton, West Midlands WV1 4QB5
£405K05/230.77 mi173, Tettenhall Road, Wolverhampton, West Midlands WV6 0BZ5
£287K06/210.83 mi138, Springfield Road, Wolverhampton, West Midlands WV10 0LG5
£285K04/210.88 mi23, Westland Road, Wolverhampton, West Midlands WV3 9NZ5
£200K02/210.91 mi8, Merridale Road, Wolverhampton, West Midlands WV3 9SB5
£486K06/211.07 mi57, Lower Street, Wolverhampton, West Midlands WV6 9LW5
£360K06/211.3 mi15, York Avenue, Finchfield, Wolverhampton, West Midlands WV3 9BZ5
£625K04/211.31 mi8c, Stockwell Road, Wolverhampton, West Midlands WV6 9AX5
£590K12/201.32 mi26, Stockwell Road, Wolverhampton, West Midlands WV6 9PG5
£342K08/211.39 mi40a, Oaklands Road, Wolverhampton, West Midlands WV3 0DS5
£385K09/211.41 mi12, York Avenue, Finchfield, Wolverhampton, West Midlands WV3 9BU5
£130K10/201.42 mi82, Norfolk Road, Wolverhampton, West Midlands WV3 0JA5
£270K02/231.43 mi150, Lea Road, Wolverhampton, West Midlands WV3 0LQ5
£170K12/221.5 mi58, Mason Street, Wolverhampton, West Midlands WV2 3AG5
£450K12/201.56 mi9, Wincote Drive, Wolverhampton, West Midlands WV6 8LR5
£760K12/201.57 miThe Grange, Grange Road, Tettenhall, Wolverhampton, West Midlands WV6 8RE5
£487.5K01/211.58 mi3, Captains Close, Wolverhampton, West Midlands WV3 9EA5
£600K02/211.66 mi21, Corfton Drive, Tettenhall, Wolverhampton, West Midlands WV6 8NR5
£339K08/211.67 mi82, Old Fallings Lane, Wolverhampton, West Midlands WV10 8BN5
£630K06/211.67 miGreyfriars, Links Avenue, Wolverhampton, West Midlands WV6 9QF5
£467K03/211.69 mi3, Highlands Road, Wolverhampton, West Midlands WV3 8AG5
£382K04/211.69 mi33, Copthorne Road, Penn Fields, Wolverhampton, West Midlands WV3 0AB5
£420K04/231.71 mi6, Rudd Gardens, Wolverhampton, West Midlands WV10 0TL5
£370K05/221.78 mi29, Prestwood Road West, Wednesfield, Wolverhampton, West Midlands WV11 1RJ5
£440K12/211.79 mi25, Redhouse Road, Wolverhampton, West Midlands WV6 8SU5
£438K03/211.8 mi19, Highlands Road, Wolverhampton, West Midlands WV3 8AH5
£985K10/221.83 mi11, Coppice Road, Wolverhampton, West Midlands WV3 8BJ5
£350K09/211.84 mi58, Coniston Road, Wolverhampton, West Midlands WV6 9DS5
£390K03/231.85 mi2, Tudor Crescent, Wolverhampton, West Midlands WV2 4PX5
£141.5K02/211.86 mi14, Knox Road, Blakenhall, Wolverhampton, West Midlands WV2 3EF5
£362.5K05/211.86 mi121, Trysull Road, Wolverhampton, West Midlands WV3 7JG5
£380K04/211.9 mi30, Meadow Road, Finchfield, Wolverhampton, West Midlands WV3 8EZ5
£325K07/211.9 mi11, Needwood Close, Wolverhampton, West Midlands WV2 4PP5
£325K07/211.9 mi11, Needwood Close, Wolverhampton, West Midlands WV2 4PP5
£705K03/231.99 mi82a, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SH5

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

1.30 miles away

Nearest school

0.10 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £290,000

November 13, 2024

Listed for £300,000

July 19, 2024

Description

  • HIGH RENTAL INCOME PCM +
  • FIVE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • FITTED KITCHEN +
  • 2 X SHOWER ROOMS +
  • 2 X W.C. +
  • DOUBLE GLAZING +
  • REAR GARDEN +
  • COUNCIL TAX BAND B +

INVESTMENT OPPORTUNITY FOR FULLY LET 5 BEDROOM HOUSING ASSOCIATION BUILDING WITH HMO LICENCE

LAND TO REAR OF THE PROPERTY WITH POTENTIAL TO BUILD SUBJECT TO PLANNING PERMISSION

Agent Details

Skitts Estate Agents, Wolverhampton

01902 951830

Next Steps?

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