2 Bed Flat, Single Let, Wolverhampton, WV6 9AD, £100,000

St. Michaels Court, Wolverhampton, West Midlands, WV6 9AD - 6 months ago

Sold STC

Leasehold

BTL

ROI: 13%

~68 m²

+7 photos

ValuationUndervalued

Sold Prices	£71.5K - £405K
Sold Prices/m²	£999/m² - £4.7K/m²

Square Metres	~68.11 m²
Price/m²	£1.5K/m²
Value Estimate	£125,000£125,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£6,200£6,200
Total Cash In	£31,200£31,200

Cash Out
Rent Range	£775 - £1,750£775 - £1,750
Rent Estimate	£845
Running Costs/mo	£502£502
Cashflow/mo	£344£344
Cashflow/yr	£4,122£4,122
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

22 sold prices from £71.5K to £405K, average is £121.5K. £999/m² to £4.7K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£85K	12/22	0.01 mi	40, St Michaels Court, Wolverhampton, West Midlands WV6 9AD	£1,362	62	2	Flat
£98K	01/21	0.1 mi	8, Lower Street, Wolverhampton, West Midlands WV6 9AF	-	-	2	Flat
£128.1K	06/23	0.1 mi	8, Lower Street, Wolverhampton, West Midlands WV6 9AF	-	-	2	Flat
£163.4K	08/23	0.33 mi	18, Upper Street, Wolverhampton, West Midlands WV6 8QG	£2,211	74	2	Flat
£135K	11/22	0.41 mi	14, The Courtlands, Wolverhampton, West Midlands WV6 0LT	£2,328	58	2	Flat
£128K	01/23	0.41 mi	5, The Courtlands, Wolverhampton, West Midlands WV6 0LT	£2,169	59	2	Flat
£135K	11/22	0.42 mi	2, The Courtlands, Wolverhampton, West Midlands WV6 0LT	£2,288	59	2	Flat
£100K	12/22	0.42 mi	Flat 13, College Court, High Street, Tettenhall, Wolverhampton, West Midlands WV6 8QP	-	-	2	Flat
£230K	06/21	0.48 mi	4, Edward Lisle Gardens, Wolverhampton, West Midlands WV6 8UB	£2,644	87	2	Flat
£110K	11/23	0.57 mi	15, Hanover Court, Wolverhampton, West Midlands WV6 8QL	£2,036	54	2	Flat
£105K	12/22	0.58 mi	18, Hanover Court, Wolverhampton, West Midlands WV6 8QL	£1,974	53	2	Flat
£110K	07/21	0.58 mi	15, Hanover Court, Wolverhampton, West Midlands WV6 8QL	£2,036	54	2	Flat
£405K	10/20	0.75 mi	70, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SF	£4,709	86	2	Flat
£85K	07/21	0.8 mi	1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY	£1,255	68	2	Flat
£100K	06/23	0.9 mi	17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR	£999	100	2	Flat
£120K	05/21	0.9 mi	3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR	£1,600	75	2	Flat
£155K	07/23	0.9 mi	8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR	£1,942	80	2	Flat
£71.5K	04/22	0.9 mi	70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB	£2,750	26	2	Flat
£84K	12/20	0.91 mi	17, Fieldhead Place, Wolverhampton, West Midlands WV6 8XE	£1,254	67	2	Flat
£124K	10/23	0.91 mi	17, Fieldhead Place, Wolverhampton, West Midlands WV6 8XE	£1,851	67	2	Flat
£123K	01/23	0.91 mi	14, Fieldhead Place, Wolverhampton, West Midlands WV6 8XE	-	-	2	Flat
£128K	10/23	0.95 mi	51a, Kinfare Drive, Wolverhampton, West Midlands WV6 8JW	£1,778	72	2	Flat

Local Rents

15 rents from £775/mo to £1.8K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£1,650	12/24	0.11 mi	Lower Green, Tettenhall, Wolverhampton	2	Flat
£1,750	12/24	0.12 mi	5c The Mitre, Lower Green, Tettenhall	2	Flat
£1,350	12/24	0.22 mi	4, Rock House, Old Hill, Wolverhampton	2	Flat
£1,300	12/24	0.22 mi	Rock House, Old Hill, Wolverhampton, West Midlands, WV6	2	Flat
£1,350	12/24	0.24 mi	Rock House, Old Hill, Wolverhampton, West Midlands, WV6	2	Flat
£895	04/25	0.28 mi	-	2	Terraced House
£775	12/24	0.31 mi	Upper Street, Wolverhampton	2	Flat
£1,500	12/24	0.35 mi	11 Beacon House, Tettenhall Road, Newbridge	2	Flat
£950	01/25	0.37 mi	-	2	Terraced House
£950	12/24	0.37 mi	-	2	Terraced House
£1,450	12/24	0.45 mi	14 Danescourt Manor, Tettenhall	2	Flat
£795	12/24	0.49 mi	Tettenhall Road, Wolverhampton	2	Flat
£875	12/24	0.55 mi	Regis Road, Tettenhall	2	Terraced House
£900	12/24	0.58 mi	-	2	Flat
£900	04/25	0.6 mi	-	2	Terraced House

Local Area Statistics

Population in WV6	44,68944,689
Population in Wolverhampton	260,353260,353
Town centre distance	0.92 miles away0.92 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.83 miles away1.83 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+25%+25%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+38%+38%

Property History

Price changed to £100,000

January 11, 2025

Listed for £110,000

October 2, 2024

Description

First Floor Flat +
2 x Bedrooms +
Entrance Hallway +
Living Room +
Kitchen +
Bathroom +
Communial Gardens +
Residential Parking +
Epc D +
Leasehold +

FANTASTIC PURCHASE OPPORTUNITY - LARGE TWO BEDROOM FLAT – ST. MICHAELS COURT, WOLVERHAMPTON

Whitegates have immense pleasure in offering FOR SALE this TWO Bedroom FIRST floor property located on St. Michaels Court, Wolverhampton. This property is very well situated and has a wide range of amenities close by that include, Smestow Brook, Tettenhall/Pendeford, Wolverhampton City Centre, wide range of local shops, schools and excellent public transport links.

The property comprises of the following, Secure intercom entry, Entrance Hall, Bathroom, Boiler Storage Unit, Kitchen, TWO LARGE bedrooms and a Spacious Living room which over looks the St Michaels Court.

The property has Electric Heating and DG windows.

Parking – Residential Parking available.

External Storage Area is included within the communal gardens.

Leasehold Information:
Leasehold year remaining 93 years from 2023
Ground Rent: £10 PA
Service Charges £438.00 PA

EPC - D

Agent Details

Whitegates, Wolverhampton

01902 943727

Next Steps?

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

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Local Area Statistics

Property History

Description

Agent Details

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