2 Bed Flat, Single Let, Wolverhampton, WV3 9SH, £122,500

Lawton Court, CHAPEL ASH, WV3 9SH - 6 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~73 m²
+7 photos

ValuationUndervalued

Sold Prices£71.5K - £165K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~72.98 m²
Price/m²£1.7K/m²

Value Estimate

£135,921
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,625

Stamp Duty & Legal Fees

£7,325

Total Cash In

£37,950

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£798

Running Costs/mo

£562

Cashflow/mo

£236

Cashflow/yr

£2,827

ROI

7%

Gross Yield

8%

Local Sold Prices

43 sold prices from £71.5K to £165K, average is £116.5K. £999/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£122K11/220.01 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£134K03/230.17 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.17 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£118K11/210.17 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£90K02/230.29 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£112.5K06/210.33 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£105K07/220.39 mi30, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.39 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£107K10/220.39 mi22, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.39 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£107.5K11/220.42 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£84K08/210.42 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£84K08/210.42 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£96K08/210.44 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.44 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.44 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£71.5K04/220.45 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£100K06/230.46 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.46 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.46 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£85K07/210.67 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£128.5K06/210.75 mi159a, Penn Road, Wolverhampton, West Midlands WV3 0ED2
£123K04/210.8 mi1, Bantock Gardens, Wolverhampton, West Midlands WV3 9LP2
£127K02/210.8 mi37, Lower Villiers Street, Wolverhampton, West Midlands WV2 4NA2
£165K12/230.85 mi9, Finchfield Road, Wolverhampton, West Midlands WV3 9LS2
£90K10/210.92 mi53, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EB2
£95K06/210.92 mi23, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£120K08/220.92 mi22a, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£104.5K10/220.93 mi180, Albion Street, Wolverhampton, West Midlands WV1 3EJ2
£105K08/210.93 mi145, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£102K12/200.93 mi213, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£131K02/230.94 mi86, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£127K08/220.95 mi22, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£125K07/230.97 mi18, Chequerfield Drive, Penn Fields, Wolverhampton, West Midlands WV3 7DH2
£132K08/220.98 mi92, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£125K04/230.99 mi135, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£120K03/240.99 mi95, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£110K05/210.99 mi100, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EG2
£103.5K12/200.99 mi110, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EG2
£120K03/230.99 mi132, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£135K11/220.99 mi2, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£128K01/230.99 mi5, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£135K11/221 mi14, The Courtlands, Wolverhampton, West Midlands WV6 0LT2

Local Rents

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

RentDateDistanceAddressBeds 
£1,20011/240.1 mi-2
£1,10012/240.1 mi-2
£1,10001/250.1 mi-2
£97511/240.1 miMerridale Road, Wolverhampton, West Midlands, WV32
£4,00011/240.15 mi-2
£85011/240.18 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£97511/240.23 miChapel Ash, Wolverhampton, West Midlands, WV32
£85004/250.23 mi-2
£85004/250.23 mi-2
£79903/250.24 mi-2
£85002/250.26 mi-2
£1,15011/240.27 mi-2
£80011/240.28 miHaden Hill, Wolverhampton2
£99511/240.28 miHaden Hill, Wolverhampton2
£87511/240.28 miHaden Hill, WOLVERHAMPTON2
£82511/240.28 miTettenhall Gate, Haden Hill, Wolverhampton2
£79511/240.28 miGraiseley Street, Penn Fields2
£4,00011/240.3 mi-2
£4,00011/240.3 mi-2
£1,23804/250.31 mi-2
£92511/240.33 miHaden Hill, Wolverhampton2
£1,25011/240.34 mi-2
£75002/250.35 mi-2
£87503/250.38 mi-2
£89512/240.39 mi-2
£89510/240.43 mi-2
£79511/240.43 miCompton Road, Wolverhampton, West Midlands, WV32
£79511/240.44 miMerridale Road, Wolverhampton, WV32
£1,10011/240.46 mi-2
£87511/240.49 miLea Road, Wolverhampton2
£84003/250.49 mi-2
£85011/240.51 miPennant Court, Wolverhampton, WV32
£95011/240.51 mi-2
£95003/250.51 mi-2
£1,50011/240.53 mi-2
£79511/240.54 miTettenhall Road, Wolverhampton, West Midlands2
£90011/240.57 mi-2
£1,15011/240.57 miPark Road West, West Park2
£1,00004/250.61 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.69 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 £122,500

December 8, 2024

Listed for £125,000

October 15, 2024

Floor Plans

Description

  • NO UPWARD CHAIN +
  • ALLOCATED GARAGE +
  • LONG LEASE - 999 YEARS FROM JUNE 1989 +
  • SERVICE CHARGE - £115.15 PER MONTH +
  • NO GROUND RENT +
  • IDEAL INVESTMENT OR FIRST TIME PURCHASE +

Nestled in a peaceful cul-de-sac off Merridale Road on the outskirts of Wolverhampton City, this well-appointed two bedroom first-floor apartment offers convenient access to excellent commuter links and local amenities is offered with NO UPWARD CHAIN.

This charming apartment is perfect for first-time buyers or those looking to downsize, providing ample internal space and easy walking distance to the city.

Accessed through a secure communal entrance, the apartment is located on the first floor, featuring a useful storage cupboard on the communal landing. Inside, you’ll find an entrance hallway with additional storage, a living room with a view of the pleasant surroundings, a kitchen, and a storage pantry. The accommodation also includes a double bedroom, a second well-sized bedroom, and bathroom. Additional benefits include underfloor Economy 7 heating and double glazing.

With a garage located in a separate block and over 950 years remaining on the lease, this property represents an excellent opportunity for both investors and first-time buyers.

Agent Details

Bartlams, Tettenhall

01902 943789

Next Steps?

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