3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV10 8RT, £170,000

Wordsworth Road, Wolverhampton, West Midlands, WV10 8RT - 4 views - 5 months ago

Auction
Refurb/BRRR
ROI: 2%
~100 m²
+12 photos

ValuationFair Value

Sold Prices£122.5K - £328K
Sold Prices/m²£1.4K/m² - £3.7K/m²

 

 

Square Metres

~100 m²
Price/m²£1.7K/m²

Value Estimate

£171,700

 

 

End Value (After Refurb)

£225,806

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Refurb Costs

£39,570

Bridging Loan Interest

£4,463

Total Cash In

£97,982

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,806

Mortgage (After Refinance)

£169,355

Mortgage LTV

75%

Cash Released

£41,855

Cash Left In

£56,128

Equity

£56,452

Rent Range

£850 - £2,920

Rent Estimate

£1,139

Running Costs/mo

£953

Cashflow/mo

£186

Cashflow/yr

£2,227

ROI

2%

Gross Yield

8%

Local Sold Prices

52 sold prices from £122.5K to £328K, average is £202.5K. £1.4K/m² to £3.7K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£155K08/210.07 mi95, Primrose Lane, Wolverhampton, West Midlands WV10 8RW3
£151K06/230.07 mi38, Carlyle Road, Wolverhampton, West Midlands WV10 8SW3
£185.8K05/230.09 mi52, Emerson Road, Wolverhampton, West Midlands WV10 8DE3
£190K02/240.09 mi24, Chesterton Road, Wolverhampton, West Midlands WV10 8SP3
£125K11/200.11 mi2, Pope Road, Wolverhampton, West Midlands WV10 8LZ3
£125K11/200.11 mi2, Pope Road, Wolverhampton, West Midlands WV10 8LZ3
£122.5K12/200.14 mi36, Redcotts Close, Wolverhampton, West Midlands WV10 8RF3
£210K12/210.15 mi114, Cannock Road, Wednesfield, Wolverhampton, West Midlands WV10 8PW3
£233K12/230.16 mi707, Cannock Road, Wolverhampton, West Midlands WV10 8PN3
£180K03/210.17 miGreenroofs, Primrose Lane, Wolverhampton, West Midlands WV10 8RS3
£225K04/240.18 mi701, Cannock Road, Wolverhampton, West Midlands WV10 8PN3
£141.5K02/240.19 mi69, Emerson Road, Wolverhampton, West Midlands WV10 8DA3
£195K10/210.23 mi15, Beechwood Avenue, Wolverhampton, West Midlands WV11 1DR3
£252.5K10/230.23 mi20, Beechwood Avenue, Wolverhampton, West Midlands WV11 1DR3
£230K05/230.23 mi6, Mansard Close, Wednesfield, Wolverhampton, West Midlands WV10 8PY3
£185K02/210.24 mi52, Blackhalve Lane, Wolverhampton, West Midlands WV11 1BH3
£280K01/230.24 mi16, Blackhalve Lane, Wolverhampton, West Midlands WV11 1BH3
£241K03/230.26 mi57, Willow Avenue, Wolverhampton, West Midlands WV11 1DW3
£172.5K06/210.26 mi93, Willow Avenue, Wolverhampton, West Midlands WV11 1DW3
£220K08/230.26 mi63, Willow Avenue, Wolverhampton, West Midlands WV11 1DW3
£220K08/230.26 mi63, Willow Avenue, Wolverhampton, West Midlands WV11 1DW3
£205K08/230.27 mi70, Pope Road, Wolverhampton, West Midlands WV10 8LX3
£230K03/230.27 mi45, Croft Lane, Wolverhampton, West Midlands WV10 8RG3
£215K11/210.27 mi2a, Mill Lane, Wednesfield, Wolverhampton, West Midlands WV11 1DG3
£328K07/230.27 mi30, Mill Lane, Wednesfield, Wolverhampton, West Midlands WV11 1DG3
£228K07/210.28 mi83, Mill Lane, Wednesfield, Wolverhampton, West Midlands WV11 1DQ3
£283K05/230.28 mi77, Carlton Avenue, Wolverhampton, West Midlands WV11 1DF3
£192K04/230.31 mi115, Old Fallings Lane, Wolverhampton, West Midlands WV10 8BU3
£170K02/240.31 mi117, Old Fallings Lane, Wolverhampton, West Midlands WV10 8BU3
£160K03/210.32 mi48, Westcroft Avenue, Wolverhampton, West Midlands WV10 8NH3
£175K11/230.32 mi14, Elm Avenue, Wolverhampton, West Midlands WV11 1DS3
£170K11/230.33 mi30, Cannock Road, Wednesfield, Wolverhampton, West Midlands WV10 8PQ3
£280K01/210.34 mi32, Pear Tree Lane, Wolverhampton, West Midlands WV11 1BD3
£255K05/220.34 mi13, Pear Tree Lane, Wolverhampton, West Midlands WV11 1BD3
£222.5K01/230.34 mi21, Balmain Crescent, Wolverhampton, West Midlands WV11 1BG3
£240K01/230.37 mi67, Long Knowle Lane, Wednesfield, Wolverhampton, West Midlands WV11 1JG3
£189.9K01/210.38 mi31, Hatton Crescent, Wolverhampton, West Midlands WV10 0SZ3
£165.5K07/230.38 mi7, Balmain Crescent, Wolverhampton, West Midlands WV11 1BG3
£178K03/210.39 mi7, Old Fallings Lane, Wolverhampton, West Midlands WV10 8BH3
£241K08/230.39 mi11, Old Fallings Lane, Wolverhampton, West Midlands WV10 8BH3
£241K08/230.39 mi11, Old Fallings Lane, Wolverhampton, West Midlands WV10 8BH3
£140K11/200.39 mi33, Perry Avenue, Wolverhampton, West Midlands WV10 9BX3
£260K06/210.4 mi80, Long Knowle Lane, Wednesfield, Wolverhampton, West Midlands WV11 1JQ3
£277K12/220.4 mi108, Long Knowle Lane, Wednesfield, Wolverhampton, West Midlands WV11 1JQ3
£210K08/230.4 mi554, Cannock Road, Wolverhampton, West Midlands WV10 8PG3
£200K05/210.43 mi66, Newbolds Road, Wolverhampton, West Midlands WV10 0SF3
£177K11/200.43 mi43, Belton Avenue, Wednesfield, Wolverhampton, West Midlands WV11 1AJ3
£200K12/200.44 mi48, D'eyncourt Road, Wednesfield, Wolverhampton, West Midlands WV10 0SX3
£195K09/210.44 mi36, Deyncourt Road, Wolverhampton, West Midlands WV10 0SX3
£227K09/230.44 mi46, Deyncourt Road, Wednesfield, Wolverhampton, West Midlands WV10 0SX3
£143K01/210.44 mi16, Underhill Lane, Wolverhampton, West Midlands WV10 8LS3
£275K02/230.44 mi112, Mill Lane, Wednesfield, Wolverhampton, West Midlands WV11 1DB3

Local Rents

50 rents from £850/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00011/240.23 miCannock Road, Wednesfield, Wolverhampton, West Midlands, WV103
£1,00002/240.24 mi-3
£1,10003/250.25 mi-3
£1,50011/240.34 mi-3
£1,50002/250.34 mi-3
£1,00011/240.44 miMill Lane, Wednesfield, Wolverhampton, West Midlands, WV113
£1,35004/250.51 mi-3
£1,20002/250.58 mi-3
£87503/250.61 mi-3
£1,40011/240.67 mi114 Amos Lane, Wolverhampton3
£1,15002/250.69 mi-3
£1,00012/230.71 mi-3
£1,00011/240.71 mi-3
£1,00011/240.71 mi-3
£99511/240.71 mi-3
£94502/250.74 mi-3
£1,20004/250.77 mi-3
£1,10011/240.77 miWickham Gardens, Wolverhampton3
£1,19504/250.78 mi-3
£97512/230.78 mi-3
£97511/240.79 miOrchard Road, Wednesfield3
£1,25003/250.8 mi-3
£1,00011/240.8 miVicarage Road, Wolverhampton, West Midlands, WV113
£89511/240.8 miBramerton Close, Wolverhampton3
£1,30011/230.8 mi-3
£1,00011/240.81 miHawksford Crescent, WOLVERHAMPTON3
£96502/250.85 mi-3
£2,92004/230.86 mi-3
£92011/240.86 mi-3
£1,25012/240.88 mi-3
£1,25002/250.88 mi-3
£1,25004/250.9 mi-3
£1,05002/240.9 mi-3
£1,14004/250.9 mi-3
£95010/240.9 mi-3
£99504/240.91 mi-3
£1,10002/250.91 mi-3
£1,19504/250.92 mi-3
£1,19512/240.92 mi-3
£1,09511/240.93 miPrestwood Avenue, Wednesfield, Wolverhampton3
£1,15010/240.96 mi-3
£1,20002/250.98 mi-3
£1,10007/241.03 mi-3
£1,10011/241.06 miCroft Gardens, Oxley3
£85011/241.06 miPrestwood Road, WOLVERHAMPTON3
£1,20004/251.11 mi-3
£95011/241.12 miBushbury Lane, Wolverhampton, West Midlands, WV103
£1,02511/241.13 mi-3
£1,29506/241.17 mi-3
£1,12502/251.17 mi-3

Local Area Statistics

Population in WV10

56,254

Population in Wolverhampton

260,353

Town centre distance

3.16 miles away

Nearest school

0.20 miles away

Nearest train station

1.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £170,000

November 18, 2024

Floor Plans

Description

  • Extended three-bedroom end-terrace house +
  • Porch and welcoming entrance hall +
  • Spacious living room and separate dining room +
  • Kitchen with potential for modernisation +
  • Large utility room and convenient guest WC +
  • Three well-sized bedrooms upstairs +
  • Family bathroom ready for contemporary updates +
  • Double glazing and gas central heating throughout +
  • Private rear garden and off-street parking +
  • Close to reputable schools, local amenities, and excellent transport links +

Welcome to Wordsworth Road, Wolverhampton, an extended three-bedroom end-terrace house offering abundant space and potential.
This property is an ideal opportunity for those seeking a project to transform a house into their perfect home. As you enter through the porch into the welcoming entrance hall, you'll find a spacious living room that provides a comfortable area for relaxation and socializing. Adjacent to the living room is a separate dining room, perfect for family meals and entertaining guests. The kitchen, while in need of modernisation, offers ample space for creating a contemporary cooking area. Additionally, the large utility room and guest WC add to the convenience and functionality of the ground floor.
Upstairs, the property features three well-sized bedrooms, each benefiting from natural light and offering a blank canvas for refurbishment. The family bathroom completes the upper level, ready to be transformed into a modern and stylish space. Throughout the property, double glazing and gas central heating ensure comfort and energy efficiency.
This property boasts a rear garden, providing a private outdoor space ideal for gardening, play, or relaxation. The property also benefits from a drive, offering convenient off-street parking.
Located in a well-established and popular residential area, this property is close to a range of local amenities. Several reputable schools, such as D'Eyncourt Primary School and Heath Park Secondary School, are within easy reach, making this an excellent location for families. For dining out, the nearby area offers a variety of restaurants and cafes, ensuring a range of culinary options.
Shopping and daily needs are catered for by several local stores and supermarkets. For a more extensive shopping experience, Wolverhampton city centre is just a short drive away, offering a wide array of retail outlets, dining options, and entertainment venues.
Transport links from Wordsworth Road are excellent, providing easy access to Wolverhampton and beyond. The property is well-served by local bus routes, and Wolverhampton railway station is easily accessible, offering regular services to Birmingham, London, and other major cities. For those who commute by car, the nearby M54 and M6 motorways offer straightforward routes to the wider West Midlands region and further afield.
Wordsworth Road, Wolverhampton is a property with significant potential, situated in a desirable and convenient location. Whether you are a first-time buyer looking to make your mark or an investor seeking a promising refurbishment project, this house offers a fantastic opportunity to create a stylish and comfortable home. Arrange a viewing today

Property is offered for sale through the Modern Method of Auction which is operated by iamsold Limited. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £450 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agent Details

Dixons, Wolverhampton

01902 943774

Next Steps?

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