2 Bed Terraced House, Single Let, Wolverhampton, WV10 0BS, £90,000

Powell Street, Wolverhampton, WV10 0BS - 9 months ago

Sold STC
Auction
BTL
ROI: 14%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£60K - £240K
Sold Prices/m²£682/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£112,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£775 - £1,500

Rent Estimate

£796

Running Costs/mo

£460

Cashflow/mo

£336

Cashflow/yr

£4,027

ROI

14%

Gross Yield

11%

Local Sold Prices

51 sold prices from £60K to £240K, average is £132K. £682/m² to £3.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£80K05/210.01 mi149, Powell Street, Wolverhampton, West Midlands WV10 0BS2
£95K07/230.13 mi44, Leslie Road, Wolverhampton, West Midlands WV10 0BU2
£124K08/230.21 mi12, Woden Road, Wolverhampton, West Midlands WV10 0AU2
£110K10/200.27 mi188, Cannock Road, Wolverhampton, West Midlands WV10 0AL2
£125K12/230.28 mi75, Bushbury Road, Wolverhampton, West Midlands WV10 0LZ2
£60K11/210.32 mi50, Bickford Road, Wolverhampton, West Midlands WV10 0NH2
£140.5K12/230.33 mi190, Bushbury Road, Wolverhampton, West Midlands WV10 0NA2
£80K03/210.35 mi23, Crowther Street, Wolverhampton, West Midlands WV10 9AG2
£122K12/220.35 mi14, Crowther Street, Wolverhampton, West Midlands WV10 9AG2
£115K11/200.36 mi49, Prosser Street, Wolverhampton, West Midlands WV10 9AS2
£96K11/200.36 mi31, Prosser Street, Wolverhampton, West Midlands WV10 9AS2
£105K04/230.36 mi29, Prosser Street, Wolverhampton, West Midlands WV10 9AS2
£92.3K01/240.36 mi33, Prosser Street, Wolverhampton, West Midlands WV10 9AS2
£60K04/240.36 mi17, Prosser Street, Wolverhampton, West Midlands WV10 9AS2
£87K04/230.37 mi56, Prosser Street, Wolverhampton, West Midlands WV10 9AR2
£192K03/240.41 mi410, Cannock Road, Wolverhampton, West Midlands WV10 0RF2
£151K10/230.46 mi26, Mickley Avenue, Wolverhampton, West Midlands WV10 9YF2
£118K02/230.46 mi6, Colaton Close, Wolverhampton, West Midlands WV10 9BB2
£80K02/210.56 mi61, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£108K07/210.56 mi25, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£100K10/210.56 mi1, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£120K03/230.56 mi21, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£168K09/230.59 mi10, Friesland Drive, Wolverhampton, West Midlands WV1 2AE2
£143K01/210.61 mi86, Inchlaggan Road, Wolverhampton, West Midlands WV10 9RA2
£165K11/230.61 mi44, Inchlaggan Road, Wolverhampton, West Midlands WV10 9RA2
£135K11/200.62 mi52, Helming Drive, Wolverhampton, West Midlands WV1 2AL2
£122K12/200.62 mi56, Helming Drive, Wolverhampton, West Midlands WV1 2AL2
£220K02/230.64 mi38, Friesland Drive, Wolverhampton, West Midlands WV1 2AE2
£190K08/230.64 mi188, Park Lane, Wolverhampton, West Midlands WV10 9QL2
£190K08/230.64 mi188, Park Lane, Wolverhampton, West Midlands WV10 9QL2
£103K02/210.65 mi58, Simpson Road, Wolverhampton, West Midlands WV10 9NT2
£165K04/210.65 mi2, Burcot Avenue, Wolverhampton, West Midlands WV1 2SG2
£125.3K04/210.71 mi20, Sharman Road, Wolverhampton, West Midlands WV10 9NY2
£147K05/210.75 mi37, Barnfield Road, Eastfield, Wolverhampton, West Midlands WV1 2LG2
£160K08/230.76 mi9, Victoria Road, Wednesfield, Wolverhampton, West Midlands WV11 1RU2
£132K06/210.77 mi176, Deans Road, Eastfield, Wolverhampton, West Midlands WV1 2BA2
£180K07/230.77 mi176, Deans Road, Eastfield, Wolverhampton, West Midlands WV1 2BA2
£130K01/240.77 mi168, Deans Road, Eastfield, Wolverhampton, West Midlands WV1 2BA2
£175K01/230.78 mi63, Lewis Avenue, Eastfield, Wolverhampton, West Midlands WV1 2AZ2
£130K12/220.8 mi75, Helming Drive, Wolverhampton, West Midlands WV1 2AH2
£176K02/230.82 mi132b, Deans Road, Eastfield, Wolverhampton, West Midlands WV1 2BA2
£240K06/230.84 mi147, Newbolds Road, Wolverhampton, West Midlands WV10 0SE2
£197K10/230.84 mi71, Newbolds Road, Wolverhampton, West Midlands WV10 0SE2
£144K01/230.86 mi44, Foster Road, Wolverhampton, West Midlands WV10 9NH2
£150K01/240.86 mi103, Vicarage Road, Wednesfield, Wolverhampton, West Midlands WV11 1SF2
£144K02/210.89 mi48, Hawkley Road, Eastfield, Wolverhampton, West Midlands WV1 2PD2
£177.5K03/230.89 mi68, Hawkley Road, Eastfield, Wolverhampton, West Midlands WV1 2PD2
£205K01/230.89 mi28, Frederick Road, Wednesfield, Wolverhampton, West Midlands WV11 1PQ2
£180K10/220.92 mi665, Cannock Road, Wolverhampton, West Midlands WV10 8PH2
£155K04/210.95 mi1, Minton Close, Wolverhampton, West Midlands WV1 2DE2
£120K11/200.95 mi195, Fifth Avenue, Wolverhampton, West Midlands WV10 9SU2

Local Rents

11 rents from £775/mo to £1.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,50001/250 mi-2
£89502/250.12 mi-2
£77511/240.12 miPowell Street, Wolverhampton2
£85011/240.33 miLangsett Road, Wolverhampton, West Midlands, WV102
£87512/240.34 mi-2
£85012/240.35 mi-2
£89502/250.37 mi-2
£85011/240.43 miBushbury Road, Wolverhampton, West Midlands2
£89504/250.45 mi-2
£79511/240.46 mi-2
£80011/240.48 miDeans Road, Wolverhampton2

Local Area Statistics

Population in WV10

56,254

Population in Wolverhampton

260,353

Town centre distance

2.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £90,000

August 8, 2024

Floor Plans

Description

  • FOR SALE VIA MODERN METHOD OF AUCTION (T&C'S APPLY) +
  • SUBJECT TO RESERVE PRICE +
  • BUYER FEES APPLY +
  • SURPRISINGLY SPACIOUS MID TERRACE PROPERTY +
  • TWO BEDROOMS +
  • TWO RECEPTION ROOMS +
  • KITCHEN +
  • GROUND FLOOR BATHROOM +
  • GREAT SIZE REAR GARDEN +
  • NO UPWARD CHAIN +

A two bedroom mid terrace property with no upward chain offered for sale by way of MODERN METHOD OF AUCTION. Offering two reception rooms, kitchen, ground floor bathroom and great size rear garden.Noteworthy features include double glazing, central heating and combination boiler. An early inspection is highly recommended.Energy Rating - DCouncil Tax Band - ATenure - FREEHOLDThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Skitts Estate Agents, Wolverhampton

01902 951830

Next Steps?

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