4 Bed Terraced House, Single Let, Wolverhampton, WV3 0LG, £250,000

197 Lea Road, Wolverhampton, West Midlands, WV3 0LG - 4 views - 6 months ago

BTL
126 m²
+20 photos

ValuationUndervalued

Sold Prices£81.5K - £740K
Sold Prices/m²£562/m² - £3.5K/m²

 

 

Square Metres

125.95 m²
Price/m²£2K/m²

Value Estimate

£260,286
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£775 - £4,500

Rent Estimate

£948

Running Costs/mo

£991

Cashflow/mo

£-43

Cashflow/yr

£-514

Gross Yield

5%

Local Sold Prices

48 sold prices from £81.5K to £740K, average is £315K. £562/m² to £3.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£155K03/210.06 mi18, Dalton Street, Wolverhampton, West Midlands WV3 0HF4
£187.5K11/210.18 mi164, Lea Road, Penn Fields, Wolverhampton, West Midlands WV3 0LQ4
£485K04/210.19 mi29, Claremont Road, Wolverhampton, West Midlands WV3 0EA4
£590K06/210.39 mi17, Copthorne Road, Penn Fields, Wolverhampton, West Midlands WV3 0AB4
£190K11/210.4 mi200, Jeffcock Road, Wolverhampton, West Midlands WV3 7AH4
£362.5K02/220.53 mi19a, Tudor Crescent, Wolverhampton, West Midlands WV2 4PX4
£210K10/220.54 mi3, Chetwynd Road, Wolverhampton, West Midlands WV2 4NZ4
£310K09/220.54 mi38, Goldthorn Road, Blakenhall, Wolverhampton, West Midlands WV2 4PN4
£240K01/240.57 mi72, Hughes Avenue, Wolverhampton, West Midlands WV3 7AT4
£255K07/210.58 mi33, Birches Barn Road, Wolverhampton, West Midlands WV3 7BL4
£183K08/210.58 mi75, Upper Villiers Street, Wolverhampton, West Midlands WV2 4NX4
£410K02/230.63 mi19, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7LU4
£272K02/210.64 mi5, Summerfield Road, Wolverhampton, West Midlands WV1 4PR4
£300K02/230.64 mi17, Merridale Lane, Wolverhampton, West Midlands WV3 9RD4
£330K03/230.65 mi19, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX4
£270K12/200.68 mi7, Marlbrook Drive, Wolverhampton, West Midlands WV4 5AU4
£375K06/210.69 mi14, Park Road West, Wolverhampton, West Midlands WV1 4PP4
£370K01/230.7 mi236, Penn Road, Wolverhampton, West Midlands WV4 4AA4
£412.5K06/230.73 mi46, Finchfield Road, Wolverhampton, West Midlands WV3 9LQ4
£350K07/210.73 mi1, Richmond Road, Wolverhampton, West Midlands WV3 9HY4
£257.5K07/210.74 mi24, Maple Road, Wolverhampton, West Midlands WV3 7JD4
£245K10/220.75 mi4, Waterside Close, Wolverhampton, West Midlands WV2 1HN4
£115K05/230.75 mi51, Vicarage Road, Wolverhampton, West Midlands WV2 1DF4
£415K11/200.76 mi52, Goldthorn Avenue, Wolverhampton, West Midlands WV4 5AB4
£275K02/210.76 mi29, Alexandra Road, Wolverhampton, West Midlands WV4 5UA4
£240K02/240.76 mi28, Alexandra Road, Wolverhampton, West Midlands WV4 5UA4
£275K01/230.78 mi30, Goldthorn Avenue, Wolverhampton, West Midlands WV4 5AB4
£81.5K12/200.81 mi70, Goldthorn Hill, Wolverhampton, West Midlands WV2 3HU4
£230K06/210.82 mi42h, Pond Lane, Wolverhampton, West Midlands WV2 1HG4
£250K01/210.82 mi2, Westland Avenue, Wolverhampton, West Midlands WV3 9NX4
£230K06/210.83 mi42h, Pond Lane, Wolverhampton, West Midlands WV2 1HG4
£205K12/200.83 mi42e, Pond Lane, Wolverhampton, West Midlands WV2 1HG4
£360K10/210.85 mi36, Richmond Road, Wolverhampton, West Midlands WV3 9JD4
£248K01/210.86 mi48, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AP4
£260K06/210.9 mi15, Clark Road, Wolverhampton, West Midlands WV3 9NP4
£387.5K02/210.9 mi59, Broad Lane, Wolverhampton, West Midlands WV3 9BW4
£470K01/210.91 mi125, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7NA4
£740K06/230.93 miAppledorn House, Park Rise, Wolverhampton, West Midlands WV3 9JQ4
£400K03/210.93 mi94, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7NB4
£320K10/220.93 mi316, Penn Road, Wolverhampton, West Midlands WV4 4AQ4
£392.5K02/230.95 mi6, Hanbury Crescent, Wolverhampton, West Midlands WV4 4BW4
£475K02/210.96 mi1, Richmond Drive, Wolverhampton, West Midlands WV3 9JE4
£325K10/200.97 mi7, Uplands Avenue, Wolverhampton, West Midlands WV3 8AA4
£382.5K01/240.97 mi38, Uplands Avenue, Wolverhampton, West Midlands WV3 8AA4
£530K11/220.97 mi26, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SW4
£325K07/210.98 mi1, Bramblewood Drive, Wolverhampton, West Midlands WV3 9DB4
£325K12/220.99 mi120, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7HA4
£425K10/230.99 mi28, Appleton Crescent, Wolverhampton, West Midlands WV4 5TW4

Local Rents

31 rents from £775/mo to £4.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£4,50012/230.13 mi-12
£1,30011/240.14 miOwen Road, WOLVERHAMPTON4
£4,00004/250.15 mi-12
£3,35001/250.18 mi-4
£3,20002/250.18 mi-4
£1,20011/240.18 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/240.18 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,14511/240.2 mi-3
£87504/250.2 mi-3
£77511/240.26 miKimberley Street, Wolverhampton, WV33
£1,05002/250.27 mi-3
£1,00011/240.28 miMerridale Street West, Wolverhampton, WV33
£1,00011/240.28 mi-3
£2,00012/240.29 mi-4
£85001/250.29 mi-3
£4,20002/250.3 mi-4
£1,29504/250.3 mi-3
£1,00004/250.3 mi-4
£1,05011/240.32 miStanford Road, Wolverhampton, West Midlands, WV23
£89511/240.33 miBruford Road, Wolverhampton, WV33
£1,50011/240.46 mi-3
£1,20001/250.47 mi-3
£1,20001/250.47 mi-3
£1,20011/240.48 mi-3
£1,20011/240.49 mi-3
£1,20011/240.53 miOak Street, Merridale, Wolverhampton, WV33
£1,50011/240.54 miGoldthorn Road, Wolverhampton4
£1,30004/250.56 mi-3
£1,75011/240.59 mi-4
£1,75001/250.59 mi-4
£1,10011/240.6 miMerridale Road, WOLVERHAMPTON3

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £250,000

November 4, 2024

Sold for £49,000

2000

Floor Plans

Description

  • Most Impressive Spacious Accommodation Throughout +
  • Great Family/Investment Purchase Opportunity +
  • Four Bedrooms Set Over Two Floors +
  • Stunning Dining Kitchen With Country Styled Units +
  • Traditional Mid Terrace House +
  • Ground Floor Bathroom & First Floor Family Bathroom +
  • Close To Local Amenities & Walking Distance To The City Centre +
  • Excellent Road & Transport Links All Within Easy Reach +

This is a rare opportunity to purchase a "move-in-ready" FOUR bedroom home that has been beautifully maintained throughout the years, retaining an element of its period charm, yet offering the benefit of modern decor most clearly seen, once you visit that’s for sure!!

Located in the highly desirable city of Wolverhampton, this gorgeous traditional mid terrace home boasts a plethora of superb features with tiled flooring greeting you in the through entrance hallway, its central location to the city and the spacious and modern rooms.

A suggestion is to "Move Fast" to avoid missing out on this wonderful home.

Sitting in the heart of the city of Wolverhampton and offering a bright and spacious layout, it has a great deal of potential, making it ideal for any buyer looking for an exciting but straightforward investment or indeed as it truly is, a great family home.

Not only does the home have a great deal of charm about it, but it also boasts a highly desirable and very practical location. Local amenities are all close by including schools of both sectors, to include the renowned Royal School only a short walk away and Woodfield Primary less than a mile away, local shopping facilities, hospitality establishments and a range of other excellent amenities including a large chain supermarket.

A short drive to the A449, motorway links and Wolverhampton train station too - making it ideal in terms of transport links.

Through the entrance vestibule, step inside..... The front door opens into a welcoming through hallway on the ground floor and access to a good sized cellar.

The further accommodation briefly comprises of front living room and this generous area is the ideal family room, boasting a stunning bay window bringing in plenty of natural light while providing plenty of opportunity for new owners to add their own stamp.

A more stunning reception room follows through offering great versatility, perfect to be used as offices/play rooms or as a dining room. The modern and spacious dining kitchen is eye-catching in itself and offers an abundance of cupboards and base units, whilst a bathroom completes the ground floor living.

To the first floor are three good sized bedrooms, noted in particular for its sizeable master bedroom, with plenty of natural light through its two windows and a family bathroom.

To the second floor which is accessed via the first floor landing, is a fourth bedroom that also has comfortable proportions easily accommodating a double bed.

Don't miss out to arrange your viewing today!

Mobile coverage from all four major networks.
Ultrafast Full Fibre Broadband
All services are mains connected

*Results provided by Ofcom and correct at time of listing*

Agent Details

D B Roberts & Partners, Wolverhampton

01902 943715

Next Steps?

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