3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV3 0AT, £200,000

Bamford Road, Penn Fields, Wolverhampton, WV3 0AT - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£47K - £425K
Sold Prices/m²£365/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£151,164

 

 

End Value (After Refurb)

£170,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£36,800

Bridging Loan Interest

£5,250

Total Cash In

£101,000

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,000

Mortgage (After Refinance)

£127,500

Mortgage LTV

75%

Cash Left In

£101,000

Equity

£42,500

Rent Range

£775 - £1,500

Rent Estimate

£1,144

Running Costs/mo

£780

Cashflow/mo

£364

Cashflow/yr

£4,367

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £47K to £425K, average is £149K. £365/m² to £2.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£170K06/210 mi33, Bamford Road, Wolverhampton, West Midlands WV3 0AT3
£122K11/200.03 mi31, Bruford Road, Wolverhampton, West Midlands WV3 0AY3
£127.5K01/210.03 mi9, Bruford Road, Wolverhampton, West Midlands WV3 0AY3
£100K11/200.03 mi85, Bruford Road, Wolverhampton, West Midlands WV3 0AY3
£158.5K09/230.04 mi26, Norfolk Road, Wolverhampton, West Midlands WV3 0JA3
£124K06/210.05 mi44, Bruford Road, Wolverhampton, West Midlands WV3 0BA3
£110K01/210.05 mi110, Bruford Road, Wolverhampton, West Midlands WV3 0BA3
£125K03/210.1 mi13, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HJ3
£134K01/230.1 mi19, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HJ3
£168.9K02/230.11 mi52, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£130K03/210.11 mi16, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£143K04/210.11 mi78, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£130K12/220.11 mi100, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£190K11/230.11 mi25, Rayleigh Road, Wolverhampton, West Midlands WV3 0AR3
£135K07/230.12 mi44, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HW3
£120K12/230.12 mi14, Aston Street, Wolverhampton, West Midlands WV3 0HY3
£121.5K01/230.14 mi89, Norfolk Road, Wolverhampton, West Midlands WV3 0HZ3
£195K11/220.15 mi51, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ3
£205K09/230.16 mi30, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ3
£158.2K10/230.18 mi215, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£110K04/230.18 mi223, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£170K12/200.18 mi226, Jeffcock Road, Wolverhampton, West Midlands WV3 7AH3
£135K12/200.19 mi3, Claremont Mews, Wolverhampton, West Midlands WV3 0EB3
£135K04/230.19 mi114, Lea Road, Wolverhampton, West Midlands WV3 0LJ3
£182K02/210.19 mi167, Jeffcock Road, Wolverhampton, West Midlands WV3 7AQ3
£199.9K10/230.2 mi24, Hughes Avenue, Wolverhampton, West Midlands WV3 7AX3
£148K11/210.2 mi31, Manlove Street, Wolverhampton, West Midlands WV3 0HG3
£206K01/230.22 mi21, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AN3
£153K07/210.22 mi55, Lennox Gardens, Wolverhampton, West Midlands WV3 0RR3
£190K04/240.23 mi85, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AL3
£155K02/230.24 mi82c, Lea Road, Wolverhampton, West Midlands WV3 0LN3
£142K04/210.24 mi37, Walford Avenue, Wolverhampton, West Midlands WV3 7AZ3
£212K03/230.24 mi19, Walford Avenue, Wolverhampton, West Midlands WV3 7AZ3
£142.5K07/210.24 mi79, Hughes Avenue, Wolverhampton, West Midlands WV3 7AU3
£140K02/210.24 mi73, Hughes Avenue, Wolverhampton, West Midlands WV3 7AU3
£135K03/230.25 mi11, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ3
£47K12/200.26 mi32, Lime Street, Wolverhampton, West Midlands WV3 0EY3
£270K01/210.26 mi46, Lyndhurst Road, Wolverhampton, West Midlands WV3 0AA3
£210K11/230.27 mi72, Jeffcock Road, Wolverhampton, West Midlands WV3 7AA3
£227K12/230.27 mi92, Jeffcock Road, Wolverhampton, West Midlands WV3 7AA3
£270K11/200.28 mi31, Birches Barn Road, Wolverhampton, West Midlands WV3 7BL3
£168K03/240.28 mi54, Birches Barn Road, Wolverhampton, West Midlands WV3 7BN3
£140K02/210.28 mi45, Birches Barn Road, Wolverhampton, West Midlands WV3 7BL3
£94.5K12/200.29 mi102, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3
£150K06/210.29 mi124, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3
£190K04/210.29 mi3, Addison Road, Bradmore, Wolverhampton, West Midlands WV3 7AR3
£170K05/230.3 mi63, Kimberley Street, Penn Fields, Wolverhampton, West Midlands WV3 0BP3
£272.5K11/200.3 mi14, Copthorne Road, Penn Fields, Wolverhampton, West Midlands WV3 0AB3
£425K07/230.3 mi10, The Minster, Penn Fields, Wolverhampton, West Midlands WV3 7BH3
£90K09/210.31 mi139, Lime Street, Wolverhampton, West Midlands WV3 0HA3

Local Rents

22 rents from £775/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89511/240.03 miBruford Road, Wolverhampton, WV33
£1,05002/250.07 mi-3
£85001/250.17 mi-3
£1,00011/240.18 mi-3
£1,00011/240.18 miMerridale Street West, Wolverhampton, WV33
£1,20001/250.18 mi-3
£1,20001/250.18 mi-3
£1,50011/240.19 mi-3
£1,20011/240.22 mi-3
£77511/240.3 miKimberley Street, Wolverhampton, WV33
£1,14511/240.3 mi-3
£1,29504/250.31 mi-3
£87504/250.31 mi-3
£1,20011/240.36 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/240.36 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/240.47 mi-3
£1,09502/250.48 mi-3
£1,10011/240.51 miMerridale Road, WOLVERHAMPTON3
£1,20011/240.52 miOak Street, Merridale, Wolverhampton, WV33
£1,30004/250.54 mi-3
£1,05011/240.59 miStanford Road, Wolverhampton, West Midlands, WV23
£97511/240.59 mi1 Bamber Close, Bradmore, Wolverhampton3

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.03 miles away

Nearest school

0.10 miles away

Nearest train station

1.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £200,000

October 28, 2024

Floor Plans

Description

  • AN EXTENDED THREE BEDROOM SEMI DETACHED FAMILY HOME +
  • NO ONWARD CHAIN & AVAILABLE NOW +
  • IN NEED OF MODERNISATION +
  • Off road parking +
  • New roof has been recently added +
  • Two reception rooms +
  • First floor shower room +
  • Front and rear gardens +

SUMMARY
"AN EXTENDED THREE BEDROOM SEMI DETACHED FAMILY HOME IN NEED OF MODERNISATION & BOASTS NO ONWARD CHAIN"
Accommodation comprises entrance hallway, lounge, dining room, kitchen, three bedrooms, shower room, off-road parking and front and rear garden.

DESCRIPTION
The Award Winning Connells Wolverhampton branch are proud to bring to the market this extended three bedroom semi detached family home in the popular Penn Fields area and boasts NO ONWARD CHAIN and would benefit from modernisation.

Internally the property comprises of an entrance hallway leading to two reception rooms used as both a lounge and dining room. The property also comprises a spacious kitchen on the ground floor. As you head upstairs you'll find three bedrooms and a shower room for all residents and guests. Outside, this home benefits from having off-road parking and front and rear gardens. Another fantastic feature is that a new roof was recently added by the owner.

Don't miss your chance to view this fantastic family home with amazing potential. Call the Connells Wolverhampton branch today to book your viewing.

The Location & Area 
Situated in the area of Penn Fields which is just a stone's throw away from the popular shopping within Wolverhampton City Centre. There is also a fantastic selection of local schools nearby.

Entrance Hall 
Radiator, ceiling light point, stairs rising to the first floor and doors leading to two reception rooms and kitchen.

Dining Room 12' max x 10' 11" max ( 3.66m max x 3.33m max )
Double glazed window to the front, ceiling light point, radiator and gas fireplace.

Lounge 15' into bay x 10' 11" max ( 4.57m into bay x 3.33m max )
Double glazed window to the rear, radiator, ceiling light point and a gas fireplace.

Kitchen 14' x 8' 11" ( 4.27m x 2.72m )
Matching wall and base units with stainless steel sink and drainer with mixer tap, plumbing point for washing machine, four ring gas hob, ceiling light point, radiator, wall mounted boiler, double glazed windows to the side and rear and door to the rear garden.

First Floor Landing 
Ceiling light point and doors leading to all bedrooms and shower room.

Bedroom One 10' 10" max x 10' 10" max ( 3.30m max x 3.30m max )
Double glazed window to the front, ceiling light point and radiator.

Bedroom Two 10' 10" x 10' 10" into wardrobe ( 3.30m x 3.30m into wardrobe )
Double glazed window to the rear, ceiling light point, fitted wardrobes and radiator.

Bedroom Three 8' 11" max x 7' max ( 2.72m max x 2.13m max )
Double glazed window to the front, built-in wardrobe, ceiling light point and radiator.

Shower Room 
Shower cubicle, low flush wc, wash hand basin, partly tiled walls, radiator, ceiling light point, loft access and double glazed window to side.

Outside Rear 
Paved patio area with lawn, timber shed, shrubbery, mature trees and a side gate.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Wolverhampton

01902 943827

Next Steps?

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