2 Bed Terraced House, Single Let, Wolverhampton, WV3 0LF, £120,000

Fisher Street, Wolverhampton, West Midlands, WV3 0LF - 8 months ago

BTL
ROI: 8%
~63 m²
+5 photos

ValuationOvervalued

Sold Prices£75K - £265K
Sold Prices/m²£1.1K/m² - £4.1K/m²

 

 

Square Metres

~63 m²
Price/m²£1.9K/m²

Value Estimate

£109,903

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£795

Running Costs/mo

£554

Cashflow/mo

£241

Cashflow/yr

£2,892

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £75K to £265K, average is £137.8K. £1.1K/m² to £4.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£97.5K12/200 mi45, Fisher Street, Wolverhampton, West Midlands WV3 0LF2
£86K06/210.05 mi36, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£85K10/210.05 mi56, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£115K07/210.08 mi56, Dalton Street, Wolverhampton, West Midlands WV3 0HE2
£102K06/210.11 mi23, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ2
£82K01/210.12 mi37, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£118.6K01/240.12 mi25, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£119K12/200.14 mi3, Manlove Street, Wolverhampton, West Midlands WV3 0HG2
£155K09/230.23 mi46, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HW2
£82.5K01/230.26 mi45, Bingley Street, Wolverhampton, West Midlands WV3 0HS2
£137K02/240.29 mi182, Merridale Street West, Wolverhampton, West Midlands WV3 0RP2
£97K03/210.32 mi38, Bamford Road, Wolverhampton, West Midlands WV3 0AS2
£128K12/230.33 mi84, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP2
£125K07/210.33 mi19, Carlton Road, Wolverhampton, West Midlands WV3 0LP2
£120K12/220.34 mi6, Clayton Close, Wolverhampton, West Midlands WV2 4NH2
£92K11/200.39 mi104, Bruford Road, Wolverhampton, West Midlands WV3 0BA2
£163K03/230.39 mi1, Fellows Street, Wolverhampton, West Midlands WV2 4ND2
£170K12/220.4 mi151, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HL2
£123.5K11/210.41 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£165K01/230.41 mi107, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£140K03/240.41 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£120K12/200.45 mi112, Jeffcock Road, Wolverhampton, West Midlands WV3 7AF2
£176K03/230.48 mi25, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ2
£75K08/210.5 mi2, Fistral Gardens, Wolverhampton, West Midlands WV3 7NY2
£136.5K05/230.51 mi42, Mason Street, Wolverhampton, West Midlands WV2 3AG2
£105K04/210.52 mi99, Merridale Road, Wolverhampton, West Midlands WV3 9SE2
£265K07/230.56 mi25, Compton Road, Wolverhampton, West Midlands WV3 9QP2
£200K11/200.57 mi22, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£247K12/220.57 mi20, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£145K05/210.67 mi21, Baynton Drive, Wolverhampton, West Midlands WV2 3AW2
£95K03/210.7 mi281, Birmingham Road, Wolverhampton, West Midlands WV2 3NJ2
£227.5K01/230.72 mi8, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX2
£138.5K01/210.73 mi384, Dudley Road, Wolverhampton, West Midlands WV2 3AY2
£159.9K05/210.73 mi24, Ackleton Gardens, Bradmore, Wolverhampton, West Midlands WV3 7ES2
£235K12/220.74 mi12, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS2
£178K08/210.75 mi13, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£211K01/240.75 mi22, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£210K09/210.75 mi7, Havelock Close, Wolverhampton, West Midlands WV3 7HS2
£177K12/200.76 mi19, Broad Lane, Wolverhampton, West Midlands WV3 9BN2
£80K10/210.77 mi57, Knox Road, Blakenhall, Wolverhampton, West Midlands WV2 3EG2
£142.5K11/230.77 mi84, Knox Road, Blakenhall, Wolverhampton, West Midlands WV2 3EG2
£190K10/200.77 mi23, Wardlow Close, Wolverhampton, West Midlands WV4 5BG2
£115K03/230.78 mi21, Shaw Road, Blakenhall, Wolverhampton, West Midlands WV2 3EL2
£100K03/210.78 mi36, Napier Road, Wolverhampton, West Midlands WV2 3DU2
£84K11/200.78 mi42, Napier Road, Wolverhampton, West Midlands WV2 3DU2
£167K03/230.79 mi34, Maple Road, Wolverhampton, West Midlands WV3 7JD2
£185K01/230.81 mi28, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ER2
£185K08/230.81 mi20, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ET2
£163.5K11/210.81 mi96, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£140K03/210.81 mi98, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2

Local Rents

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

RentDateDistanceAddressBeds 
£87503/250.06 mi-2
£75002/250.07 mi-2
£87511/240.09 miLea Road, Wolverhampton2
£85011/240.13 miPennant Court, Wolverhampton, WV32
£84003/250.14 mi-2
£95002/250.14 mi-2
£95011/240.15 mi-2
£79511/240.26 miGraiseley Street, Penn Fields2
£1,00002/250.31 mi-2
£90011/240.32 mi-2
£89512/240.45 mi-2
£1,10011/240.45 mi-2
£97511/240.46 miChapel Ash, Wolverhampton, West Midlands, WV32
£1,25011/240.46 mi-2
£92511/240.47 miCopthorne Road, Wolverhampton2
£97511/240.5 miMerridale Road, Wolverhampton, West Midlands, WV32
£1,20011/240.5 mi-2
£1,10012/240.5 mi-2
£1,10001/250.5 mi-2
£79511/240.51 miMerridale Road, Wolverhampton, WV32
£85003/250.51 mi-2
£4,00011/240.56 mi-2
£1,23803/250.56 mi-2
£79902/250.56 mi-2
£85011/240.57 miHazara House, Wolverhampton2
£85011/240.58 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£85002/250.59 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.17 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 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 £120,000

March 21, 2025

Listed for £130,000

July 25, 2024

Floor Plans

Description

  • Deceptive Two Bedroom Mid-Terraced Property, Ideal For Buyers Requiring A Property To Refurbish To Own Requirements! +
  • Conveniently situated within walking distance of the majority of amenities and only a short distance from the city centre +
  • The choice of 2 Reception Rooms +
  • Kitchen with Rear Lobby +
  • Downstairs Bathroom +
  • First Floor with Two Double Bedrooms +
  • Enclosed Rear Garden +
  • Presenting an excellent opportunity for an investment purchase +

Conveniently situated within walking distance of the majority of amenities and only a short distance from the city centre, this deceptive mid-terraced property offers a well-planned design yet ideal for purchasers requiring a property to refurbish i.e., gas central heating system and both the kitchen and bathroom require replacing. With internal inspection recommended to appreciate the huge potential this property has to offer, the interior includes the choice of two reception rooms, kitchen, rear lobby and downstairs bathroom. On the first floor there are two double bedrooms. At the rear of the house is a courtyard leading to the rear garden. Presenting an excellent opportunity for an investment purchase, the double glazed accommodation further comprises:

Dining Room: 11'4" (3.45m) x 10'10" (3.30m)
Front PVC door, fire place with tiled hearth & gas fire, and double glazed picture window to front. Living Room: 12'4" (3.75m) x 10'10" (3.30m) Brick fireplace with tiled hearth & gas fire, coved ceiling, double glazed window to rear and concealed staircase to first floor. Kitchen: 9'10" (3.00m) x 5'7" (1.70m) Fitted with a traditional suite of units comprising stainless steel single drainer sink unit, a range of base cupboards & drawers, recess & gas point for cooker, plumbing for washing machine, part tiled walls and double glazed window to rear. Rear Lobby: Built in cupboard housing hot water system and door to rear. Bathroom: 5'7" (1.70m) x 5'7" (1.70m) Fitted with a traditional suite comprising panelled bath, wall mounted electric power shower, low level WC, pedestal wash hand basin, laminate effect vinyl flooring and double glazed opaque window to rear. First Floor Bedroom One: 12'4" (3.75m) x 10'10" (3.30m) Built in cupboard/ wardrobe and double glazed window to rear. Bedroom Two: 11'4" (3.45m) x 10'10" (3.30m) Double glazed window to front. Rear Garden: At approx. 60ft long the south-west facing garden includes patio/ courtyard area with fencing & gating to the lawned area with variety of shrubs & trees, shed and surrounding fencing.

Tenure: Freehold
Council Tax: Band A - Wolverhampton
EPC Rating: E (44) No: 0310-2400-3350-2994-2775
Total Floor Area: 678sq feet (63.0sq metres)
No Upward Chain
Services: We are informed by the Vendors that all main services are installed

Agent Details

Thomas Harvey, Tettenhall

01902 953593

Next Steps?

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