4 Bed Detached House, Refurb/BRRR, Wolverhampton, WV6 9PP, £425,000

Tyninghame Avenue, Tettenhall, Wolverhampton, WV6 9PP - 2 views - 5 months ago

Sold STC
Refurb/BRRR
Planning
~153 m²
+21 photos

ValuationOvervalued

Sold Prices£130.5K - £864K
Sold Prices/m²£1.1K/m² - £5.8K/m²

 

 

Square Metres

~152.70 m²
Price/m²£2.8K/m²

Value Estimate

£368,747

 

 

End Value (After Refurb)

£443,008

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£60,013

Bridging Loan Interest

£11,156

Total Cash In

£201,870

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£443,008

Mortgage (After Refinance)

£332,256

Mortgage LTV

75%

Cash Released

£13,506

Cash Left In

£188,364

Equity

£110,752

Rent Range

£895 - £1,995

Rent Estimate

£1,417

Running Costs/mo

£1,688

Cashflow/mo

£-271

Cashflow/yr

£-3,250

Gross Yield

4%

Local Sold Prices

51 sold prices from £130.5K to £864K, average is £380K. £1.1K/m² to £5.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£400K01/230.05 mi26, Knights Avenue, Wolverhampton, West Midlands WV6 9QA4
£430K03/240.05 mi2, Knights Avenue, Wolverhampton, West Midlands WV6 9QA4
£420K12/220.08 mi84, Tyninghame Avenue, Wolverhampton, West Midlands WV6 9PW4
£440K10/230.1 mi12, Tyninghame Avenue, Wolverhampton, West Midlands WV6 9PW4
£525K10/230.13 miLapley Cottage, Lothians Road, Wolverhampton, West Midlands WV6 9PN4
£420K04/210.21 mi88, Codsall Road, Wolverhampton, West Midlands WV6 9QP4
£380K10/230.21 mi90, Codsall Road, Wolverhampton, West Midlands WV6 9QP4
£320K10/230.21 mi76, Codsall Road, Wolverhampton, West Midlands WV6 9QP4
£320K10/230.21 mi76, Codsall Road, Wolverhampton, West Midlands WV6 9QP4
£765K11/210.21 miThe White Cottage, Stockwell End, Wolverhampton, West Midlands WV6 9PH4
£618K06/210.22 mi5, Bowood Drive, Wolverhampton, West Midlands WV6 9AW4
£499.9K12/200.28 mi4, Church Hill Road, Wolverhampton, West Midlands WV6 9AT4
£700K05/230.28 mi2, Church Hill Road, Wolverhampton, West Midlands WV6 9AT4
£640K10/230.28 mi3, Church Hill Road, Wolverhampton, West Midlands WV6 9AT4
£400K11/200.29 mi21, Grotto Lane, Wolverhampton, West Midlands WV6 9LP4
£340K01/210.31 mi47, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB4
£360K07/230.31 mi37, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB4
£250K10/210.34 mi47, Burland Avenue, Wolverhampton, West Midlands WV6 9JJ4
£273K06/230.35 mi22, Blackburn Avenue, Wolverhampton, West Midlands WV6 9JS4
£350K04/230.35 mi1a, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ4
£198K02/210.36 mi53, Aldersley Road, Wolverhampton, West Midlands WV6 9NA4
£240K11/230.37 mi93, Crossland Crescent, Wolverhampton, West Midlands WV6 9LA4
£499.9K10/230.41 mi69, Derwent Road, Wolverhampton, West Midlands WV6 9EU4
£130.5K12/230.45 mi5, St Michaels Court, Wolverhampton, West Midlands WV6 9AD4
£250K02/210.52 mi55, Windermere Road, Wolverhampton, West Midlands WV6 9DE4
£330K11/210.58 mi51, Blakeley Avenue, Wolverhampton, West Midlands WV6 9HR4
£340K05/230.58 miApril Cottage, College Road, Wolverhampton, West Midlands WV6 8QE4
£390K07/230.58 mi34, Windermere Road, Wolverhampton, West Midlands WV6 9DL4
£315K12/200.59 mi45, Woodfield Heights, Wolverhampton, West Midlands WV6 8PS4
£585K04/230.62 mi34, Wergs Road, Tettenhall, Wolverhampton, West Midlands WV6 8TD4
£280K02/230.64 mi111, Coniston Road, Wolverhampton, West Midlands WV6 9DT4
£565K09/230.66 mi18, Midhurst Grove, Wolverhampton, West Midlands WV6 8XN4
£410K11/210.67 mi28b, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SF4
£440K04/230.68 mi24, Chelston Drive, Wolverhampton, West Midlands WV6 0LQ4
£864K02/210.73 mi59, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SG4
£185K12/220.74 mi226, Hordern Road, Wolverhampton, West Midlands WV6 0HQ4
£151K02/210.74 mi228, Hordern Road, Wolverhampton, West Midlands WV6 0HQ4
£489.9K03/230.74 mi210, Henwood Road, Wolverhampton, West Midlands WV6 8NZ4
£162K08/210.77 mi22, Barnhurst Lane, Wolverhampton, West Midlands WV8 1XB4
£335K09/230.8 mi60, Regis Road, Tettenhall, Wolverhampton, West Midlands WV6 8RW4
£280K12/220.8 mi174, Tettenhall Road, Wolverhampton, West Midlands WV6 0BQ4
£188K06/210.8 mi156, Tettenhall Road, Wolverhampton, West Midlands WV6 0BQ4
£270K09/210.81 mi11, Marlborough Gardens, Wolverhampton, West Midlands WV6 0LU4
£720K03/230.89 mi88, Wergs Road, Tettenhall, Wolverhampton, West Midlands WV6 8TH4
£420K09/230.89 mi27, Newbridge Crescent, Wolverhampton, West Midlands WV6 0LN4
£510K08/230.9 mi11, Wincote Drive, Wolverhampton, West Midlands WV6 8LR4
£416.2K06/210.91 mi277, Tettenhall Road, Wolverhampton, West Midlands WV6 0DE4
£162.5K12/200.91 mi96, Newbridge Street, Wolverhampton, West Midlands WV6 0EQ4
£200K12/200.92 mi22, Hambrook Close, Wolverhampton, West Midlands WV6 0XA4
£735K01/210.94 mi108, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SJ4
£235K02/210.94 mi17, Balfour Crescent, Wolverhampton, West Midlands WV6 0BJ4

Local Rents

17 rents from £895/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,99501/250.14 mi-5
£1,60012/240.15 miLove Lane, Tettenhall3
£97512/240.29 mi-3
£1,29504/250.32 mi-3
£1,27504/250.32 mi-3
£95012/240.33 mi48 Derby Avenue, Claregate, Wolverhampton, WV6 9JR3
£1,25011/240.38 mi-3
£1,20004/250.39 mi-3
£90012/230.43 mi-3
£1,20004/250.44 mi-3
£1,29512/240.48 miThirlmere Close, Palmers Cross3
£89512/240.53 miBlackburn Avenue, Claregate, Wolverhampton, WV63
£1,15012/240.57 mi70 Woodfield Heights, Tettenhall, Wolverhampton3
£1,20012/240.58 miBlakeley avenue, Wolverhampton3
£1,10003/250.58 mi-3
£1,40012/230.59 mi-3
£1,50001/240.59 mi-3

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

1.32 miles away

Nearest school

0.40 miles away

Nearest train station

1.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £425,000

November 14, 2024

Floor Plans

Description

  • Spacious 4-bedroom detached home +
  • No upward chain +
  • Excellent development potential with options to remodel or extend +
  • Two adaptable reception rooms with pocket doors +
  • Double garage +
  • Generous loft space with skylight, offering further potential for additional use (STPP) +
  • Conservatory, two ground floor W.C’s and a ground floor shower room +

FOR SALE: Spacious 4-Bedroom Detached Family Home with potential to renovate and develop. (STPP)
51 Tyninghame Avenue, Tettenhall, Wolverhampton  Offers in the region of; £425,000 Nestled within walking distance of sought-after Tettenhall Village, this generously sized four-bedroom detached property presents an outstanding opportunity to create a dream family home. The residence offers scope for renovation and a possible extension (subject to planning permission), offering space and potential in one of Wolverhampton’s most desirable locations and is available with No Upward Chain. At a glance - Spacious 4-bedroom detached home with a versatile layout, ideal for family living - Excellent development potential with options to remodel or extend (STPP) - Two adaptable reception rooms with pocket doors, perfect for either open-plan gatherings or separate living spaces - Double garage divided into two sections, each with its own electric roller shutter doors for convenience - 12’5” x 10’11”  Kitchen - Conservatory, two ground floor W.C’s and a ground floor shower room - Generous loft space with skylight, offering further potential for additional use (STPP) - No upward chain, making it ready for immediate occupancy Inside Features: From the light-filled entrance porch to the expansive hallway and first floor landing, this home offers light and space. The ground floor includes a large living room and dining room, thoughtfully designed with pocket doors to either join these spaces for family gatherings or keep them separate for a more intimate setting. A conservatory is accessed via the living room and has access to the rear garden, complete with its own W.C. and shower room. A good size kitchen adds to the appeal which has access to the double garage and there is also a ground floor guest W.C off the hallway which enhances the practicability of this home. On the first floor, the four good-size bedrooms and a family bathroom with a separate W.C offers comfort and convenience for a growing family. The large, boarded loft space with a skylight presents exciting possibilities for further development or storage. Outdoor Living: The home’s exterior is equally inviting, with a delightful rear garden and patio area. The front of the property features a driveway and well-kept lawn, creating charming curb appeal and additional parking. **Location & Lifestyle:
** Located near the vibrant Tettenhall Village,  this property offers convenient access to an array of local amenities, cafes, shops, and parks such as Tettenhall Green and Clargate Playing Field both with walking distance. Nearby Codsall and other amenities add to the appeal, along with excellent commuting options and reputable schools. This property is a rare development opportunity in a prestigious address, ideal for those looking to create a bespoke family home. With its excellent location, spacious interior, and plenty of potential, this is the perfect canvas for your next chapter. Schedule your viewing with SLADE property collective today and start envisioning your dream home for Spring 2025! Ground Floor Entrance Porch Entrance door and windows to the front and side elevation Hallway  Stairs to first floor, open plan under stairs storage area, and doors to rooms. Ground Floor W.C Having a low level W.C, pedestal wash hand basin, double glazed window to the side and houses the alarm panel. Living Room      6.29m x 4.65m max   (20’7” x 15’3” max) Double glazed window to the rear, fireplace with gas fire and feature surround, two radiators, serving hatch to the kitchen, carpeted and access to the conservatory. Dining Room   3.61m x 3.61m   (11’10” x 11’10”) Double glazed window to the front, radiator, pocket doors leading to the living room, a door to the hallway and is carpeted. Kitchen   3.78m x 3.32m  (12’5” x 10’11”) Wall and base units, roll top work surfaces with part tiled splash back and a stainless steel sink and drainer, integrated oven and gas hob with extractor over, double glazed window to the rear, built in storage cupboard, doors to hallway and the rear garage. Conservatory   3.78m x 2.82m   (12’5” x 9’3”) Part brick and UPVC built with double glazed windows to the rear and side elevation, double opening doors lead to the rear garden, radiator, tiled floor, and a door which leads to an additional ground floor shower room and W.C. First Floor Landing A light filled area with a generous double glazed window the front, loft access with pull down ladders and doors to the various rooms. Bedroom 1   3.69m x 3.61m   (12’1” x 11’10”) Fitted wardrobes, double glazed window to the front, radiator and is carpeted. Bedroom 2   3.96m x 3.32m    (13’ x 10’11”) Built in wardrobes, double glazed window to the rear, radiator and is carpeted. Bedroom 3   2.97m x 2.89m   (9’9” x 9’6”) Corner wall mounted sink, double glazed window to the rear, radiator and is carpeted. Bedroom 4    3.56m x 2.44m   (11’8” x 8’) Double glazed window to the front, radiator and is carpeted. Loft Area   8.48m x 6.52m   (27’10” x 21’5”)  Boarded loft area with a skylight window to the rear, power and lighting. Family Bathroom  Double glazed window to the rear, bath, separate shower cubicle, pedestal wash hand basin, built in storage cupboard, radiator and tiled walls. Separate W.C with a double glazed window to the side. Double Garage   5.54m x 2.44m   (18’2” x 8’)   And   7.67m x 2.21m   (25’2” x 7’3”) Having two separate areas & two electric shutter garage doors, each garage has power and lighting with the end garage having access to an additional storage area and access to the rear garden. **Outside Front **
Generous off road parking to the front for several vehicles with a driveway drive and an area of lawn.  **Outside Rear ** The rear garden has an area of lawn and a range of mature plants, trees and shrubs. Central Heating and Double Glazing where specified. Council Tax Band: F Energy Performance Rating: D Tenure: Freehold Don't miss the opportunity to make this property your new home. Contact SLADE property collective today to arrange a viewing and experience the generous space and scope for further improvement which 51 Tyninghame Avenue, Tetttenhall offers! Launched in August 2023, ‘SLADE property collective’ is a bespoke, independent Estate Agency, whose foundations are built on Mark Slade’s 20 years of experience and proven success within the Wolverhampton property market. A local resident of WV8, after living in Tettenhall for 40 years, Mark offers extensive local knowledge along with a personal and creative approach to residential sales. A premium service that favours ‘quality over quantity’.  Follow SLADE property collective on Facebook and Instagram for regular updates of new properties going live locally. AML & Proceeds of Crime Acts Compliance: Prior to issuing the memorandum of sale, all buyers must provide ID documents. Certified copies are required if not produced in person. Prompt submission of necessary documents is advised to avoid delays. Additionally, confirmation of funding, including bank statements for deposits or purchases and a mortgage agreement in principle, is essential. We may use an online service to verify identity. Contact SLADE property collective for an ID document list. Important Note: Sales details are prepared with care, but we don't guarantee appliances, room sizes, or property boundaries. Photographs are illustrative, not inclusive in the sale and are the property of SLADE property collective, they can not be used for any other advertising or by anybody other person or organisation unless authorised by SLADE property collective.  Floor plans are for guidance. Tenure, boundaries, and compliance with local regulations are not guaranteed. Seek legal advice. We collaborate with conveyancing partners and mortgage brokers receiving a referral fee.

Agent Details

SLADE Property Collective, Wolverhampton

01902 943136

Next Steps?

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