2 Bed Flat, Motivated Seller, Wolverhampton, WV6 0LS, £77,500

The Lindens, Newbridge Crescent, Newbridge, Wolverhampton WV6 0LS - 74 views - 7 months ago

Motivated
BTL
ROI: 20%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£71.5K - £230K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£96,100
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,375

Stamp Duty & Legal Fees

£3,525

Total Cash In

£22,900

 

 

Cash Out

 

Rent Range

£725 - £4,000

Rent Estimate

£795

Running Costs/mo

£421

Cashflow/mo

£374

Cashflow/yr

£4,486

ROI

20%

Gross Yield

12%

Local Sold Prices

47 sold prices from £71.5K to £230K, average is £128K. £999/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£135K11/220.1 mi2, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£128K01/230.1 mi5, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£135K11/220.11 mi14, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£98K01/210.46 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£128.1K06/230.46 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£71.5K04/220.47 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£85K12/220.51 mi40, St Michaels Court, Wolverhampton, West Midlands WV6 9AD2
£100K06/230.51 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.51 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.51 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£163.4K08/230.56 mi18, Upper Street, Wolverhampton, West Midlands WV6 8QG2
£85K07/210.56 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£112.5K06/210.59 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£100K12/220.59 miFlat 13, College Court, High Street, Tettenhall, Wolverhampton, West Midlands WV6 8QP2
£90K02/230.68 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£110K11/230.68 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£105K12/220.68 mi18, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£110K07/210.69 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£230K06/210.73 mi4, Edward Lisle Gardens, Wolverhampton, West Midlands WV6 8UB2
£123K04/210.74 mi1, Bantock Gardens, Wolverhampton, West Midlands WV3 9LP2
£118K11/210.74 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£134K03/230.75 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.75 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£165K12/230.84 mi9, Finchfield Road, Wolverhampton, West Midlands WV3 9LS2
£140K11/220.84 mi48, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£143K11/220.84 mi17, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£157.5K11/220.85 mi53, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£130K10/230.85 mi18, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£115K11/200.85 mi1, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£96K08/210.86 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.86 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.86 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£107.5K11/220.86 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£130K08/220.87 mi6, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£179.9K12/200.88 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.88 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£178K08/230.88 mi7, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£179.9K12/200.88 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.88 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£160K02/230.88 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£122K11/220.9 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£182K05/240.93 mi11, Cygnet Close, Wolverhampton, West Midlands WV6 8XR2
£150K08/220.94 mi4, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£100K10/210.97 mi53, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2
£119K03/230.97 mi127, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2
£139.9K07/230.97 mi9, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£128K10/230.97 mi51a, Kinfare Drive, Wolverhampton, West Midlands WV6 8JW2

Local Rents

22 rents from £725/mo to £4K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£79512/240.14 miTettenhall Road, Wolverhampton2
£1,50012/240.17 mi11 Beacon House, Tettenhall Road, Newbridge2
£85012/240.27 miSlade Hill, Wolverhampton2
£80012/240.27 miSlade Hill, Wolverhampton2
£80012/240.27 miSlade Hll, Wolverhampton2
£90012/240.27 mi-2
£79511/240.38 miTettenhall Road, Wolverhampton, West Midlands2
£72504/250.43 mi-2
£85004/250.43 mi-2
£1,65012/240.49 miLower Green, Tettenhall, Wolverhampton2
£1,75012/240.5 mi5c The Mitre, Lower Green, Tettenhall2
£1,35012/240.5 mi4, Rock House, Old Hill, Wolverhampton2
£1,30012/240.5 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£90004/250.5 mi-2
£1,35012/240.51 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£89510/240.51 mi-2
£79511/240.51 miCompton Road, Wolverhampton, West Midlands, WV32
£75012/240.55 mi-2
£77512/240.56 miUpper Street, Wolverhampton2
£92511/240.59 miHaden Hill, Wolverhampton2
£4,00011/240.62 mi-2
£4,00011/240.62 mi-2

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.47 miles away

Nearest school

0.10 miles away

Nearest train station

1.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £77,500

September 30, 2024

Floor Plans

Description

  • No upward chain +
  • Garage +
  • Great first purchase +
  • Rental opportunity +
  • 79 Year lease +
  • Convenient to local shops +
  • Electric storage heaters +
  • Communal parking area +
  • Second floor +
  • Motivated sellers +

A well presented second floor apartment set within the popular development off Newbridge Crescent which is convenient for local shops and access towards Tettenhall Green and the City Centre respectively.

The accommodation is though ideal for a first purchase or a buy - to - let opportunity and comprises of an entrance hall, living room, kitchen, bathroom, two double bedrooms, a garage located in a separate block and communal parking areas.

GROUND RENT £37.50 PER ANUM
SERVICE CHARGE PER QUARTER £269 INCLUDES BUILDING INSURANCE

EPC E45
Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.

Agent Details

Nick Tart Estate Agents, Tettenhall

01902 953189

Next Steps?

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