2 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV6 9NB, £165,000

234 Aldersley Road, Wolverhampton, West Midlands, WV6 9NB - 19 views - 7 months ago

Refurb/BRRR
ROI: 7%
76 m²
+4 photos

ValuationUndervalued

Sold Prices£70K - £385K
Sold Prices/m²£1.1K/m² - £4.2K/m²

 

 

Square Metres

76 m²
Price/m²£2.2K/m²

Value Estimate

£169,950
BMV3%

 

 

End Value (After Refurb)

£165,821

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£29,869

Bridging Loan Interest

£4,331

Total Cash In

£83,350

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,821

Mortgage (After Refinance)

£124,366

Mortgage LTV

75%

Cash Released

£616

Cash Left In

£82,734

Equity

£41,455

Rent Range

£775 - £1,750

Rent Estimate

£1,298

Running Costs/mo

£798

Cashflow/mo

£500

Cashflow/yr

£6,002

ROI

7%

Gross Yield

9%

Local Sold Prices

52 sold prices from £70K to £385K, average is £157.5K. £1.1K/m² to £4.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£125K11/200 mi234, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2
£137K11/210 mi218, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2
£155K10/230 mi230, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2
£155K10/230 mi230, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2
£200K06/210.09 mi143, Aldersley Road, Wolverhampton, West Midlands WV6 9NF2
£175K02/210.11 mi22, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB2
£180K01/240.15 mi126, Aldersley Road, Wolverhampton, West Midlands WV6 9LZ2
£180K05/210.24 mi36, Victoria Road, Tettenhall, Wolverhampton, West Midlands WV6 9LY2
£145.5K09/210.25 mi20, Aldersley Road, Wolverhampton, West Midlands WV6 9LT2
£232.5K11/210.32 mi43, Lower Street, Wolverhampton, West Midlands WV6 9LR2
£117.5K03/210.37 mi32, Roxby Gardens, Wolverhampton, West Midlands WV6 0TL2
£160K02/230.42 mi68, Hordern Road, Wolverhampton, West Midlands WV6 0HJ2
£150K04/210.42 mi4, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£180K06/210.47 mi19, Crowther Road, Wolverhampton, West Midlands WV6 0HZ2
£180K03/210.51 mi335, Tettenhall Road, Wolverhampton, West Midlands WV6 0JZ2
£149.9K05/210.52 mi14, Meadow View Terrace, Wolverhampton, West Midlands WV6 8NX2
£135K03/230.52 mi111, Court Road, Wolverhampton, West Midlands WV6 0JL2
£150K06/210.52 mi13, Meadow View Terrace, Wolverhampton, West Midlands WV6 8NX2
£209.9K09/230.53 mi193, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RW2
£222.5K04/210.53 mi141, Green Lane, Aldersley, Wolverhampton, West Midlands WV6 9HB2
£295K11/230.53 mi12, Clifton Road, Wolverhampton, West Midlands WV6 9AP2
£144K10/210.54 mi10, Marksbury Close, Wolverhampton, West Midlands WV6 0XD2
£130K07/210.57 mi280, Hordern Road, Wolverhampton, West Midlands WV6 0HE2
£135K12/220.58 mi309, Hordern Road, Wolverhampton, West Midlands WV6 0HE2
£172K11/230.63 mi50, Festival Way, Wolverhampton, West Midlands WV6 0UP2
£172K11/230.63 mi50, Festival Way, Wolverhampton, West Midlands WV6 0UP2
£249.5K11/200.63 mi23a, Belvedere Gardens, Wolverhampton, West Midlands WV6 9QL2
£124K10/200.64 mi8, Newbridge Street, Wolverhampton, West Midlands WV6 0EE2
£125K04/210.67 mi15, Haydock Close, Wolverhampton, West Midlands WV6 0UN2
£385K07/230.68 miHolly Cottage, High Street, Tettenhall, Wolverhampton, West Midlands WV6 8QS2
£355K06/210.73 mi2, Newbridge Crescent, Wolverhampton, West Midlands WV6 0LP2
£175K03/210.73 mi94, Derwent Road, Wolverhampton, West Midlands WV6 9ET2
£164K08/210.74 mi1, Dales Close, Wolverhampton, West Midlands WV6 0WY2
£230K11/230.75 mi15, Limes Road, Wolverhampton, West Midlands WV6 8QZ2
£70K07/210.76 mi33, Gorsebrook Road, Wolverhampton, West Midlands WV6 0PD2
£207K11/210.78 mi15, Nursery Walk, Wolverhampton, West Midlands WV6 8QY2
£140K03/210.81 mi10, Shetland Close, Wolverhampton, West Midlands WV6 0UY2
£137K12/200.81 mi15, Viaduct Drive, Wolverhampton, West Midlands WV6 0UX2
£150K05/230.81 mi47, Viaduct Drive, Wolverhampton, West Midlands WV6 0UX2
£144K05/240.81 mi21, Viaduct Drive, Wolverhampton, West Midlands WV6 0UX2
£140K07/230.83 mi19, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£130K07/230.83 mi43, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£107.5K09/230.84 mi45, Jameson Street, Wolverhampton, West Midlands WV6 0NT2
£240K12/200.85 mi107, Limes Road, Wolverhampton, West Midlands WV6 8RD2
£167.5K02/230.86 mi9, Snowdon Way, Wolverhampton, West Midlands WV10 6JZ2
£170K10/230.86 mi12, Snowdon Way, Wolverhampton, West Midlands WV10 6JZ2
£96K04/210.86 mi64, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£91K10/210.86 mi54, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£120K11/230.86 mi68, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£185K10/200.87 mi37, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£166K04/210.87 mi47, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£195K05/230.87 mi32, Hanover Court, Wolverhampton, West Midlands WV6 8QL2

Local Rents

13 rents from £775/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95001/250.04 mi-2
£95012/240.04 mi-2
£89504/250.05 mi-2
£1,65012/240.43 miLower Green, Tettenhall, Wolverhampton2
£1,75012/240.44 mi5c The Mitre, Lower Green, Tettenhall2
£90012/240.54 mi-2
£1,30012/240.54 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£1,35012/240.54 mi4, Rock House, Old Hill, Wolverhampton2
£1,35012/240.56 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£1,50012/240.58 mi11 Beacon House, Tettenhall Road, Newbridge2
£1,45012/240.6 mi14 Danescourt Manor, Tettenhall2
£90004/250.61 mi-2
£77512/240.62 miUpper Street, Wolverhampton2

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

1.21 miles away

Nearest school

0.20 miles away

Nearest train station

1.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £165,000

March 20, 2025

Price changed to £170,000

February 16, 2025

Listed for £165,000

September 11, 2024

Sold for £125,000

2020

Sold for £104,500

2017

Floor Plans

Description

  • DESIRABLE ALDERSLEY NEIGHBOURHOOD +
  • FEATURES TWO VERSATILE RECEPTION ROOMS. +
  • MODERN, FITTED KITCHEN WITH AN ADJACENT UTILITY ROOM. +
  • TWO GENEROUSLY SIZED DOUBLE BEDROOMS. +
  • SPACIOUS BATHROOM WITH WC AND BATH. +
  • LARGE REAR GARDEN BACKING ONTO SMESTOW VALLEY. +
  • WELL-MAINTAINED AND MOVE-IN READY. +
  • NO UPWARD CHAIN. +
  • EXCELLENT ROAD LINKS AND PUBLIC TRANSPORTATION +

Nestled in the desirable Aldersley neighbourhood of Wolverhampton, this charming and well-maintained two bedroom terrace family home offers both comfort and convenience. The property is ideally situated close to local amenities, ensuring that daily necessities are just a short distance away.
Inside, the home features two distinct reception rooms, providing versatile living spaces perfect for family gatherings or cozy evenings. The modern, fitted kitchen is designed to meet contemporary needs, while the adjacent utility room adds extra practicality. The first floor accommodates two generously sized double bedrooms, ensuring ample space for restful retreats. Additionally, the spacious bathroom upstairs is equipped with both a WC and a bath, offering a relaxing environment for unwinding.
Externally, the property boasts a quaint front courtyard that adds to its curb appeal. The rear garden is a significant highlight, providing a sizable outdoor space that backs onto the picturesque Smestow Valley. This serene backdrop enhances the property's appeal, offering a private sanctuary for outdoor activities and relaxation.
The home skilfully combines period charm with modern conveniences, making it an attractive option for a variety of buyers. Whether you’re a first-time buyer eager to move into a well-presented residence, an investor seeking a promising opportunity, or someone looking to downsize into a manageable yet comfortable space, this property fits the bill. Its well-maintained condition means you can move in without the need for extensive renovations.
The area is well-connected with excellent road links and public transportation options, making commuting straightforward. Additionally, there are several reputable schools nearby, adding to the home's appeal for families with children.
Given its many desirable features and convenient location, an early viewing is strongly advised to fully appreciate all that this delightful home has to offer.
Please note due to the property being currently tenanted some pictures used are before the tenants moving in

Agent Details

Dixons, Wolverhampton

01902 943774

Next Steps?

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