2 Bed Flat, Single Let, Wolverhampton, WV3 0NL, £110,000

41 Market Square, Wolverhampton, West Midlands, WV3 0NL - 2 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 11%
67 m²
+12 photos

ValuationUndervalued

Sold Prices£50K - £155K
Sold Prices/m²£862/m² - £2.8K/m²

 

 

Square Metres

66.64 m²
Price/m²£1.7K/m²

Value Estimate

£116,620
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Total Cash In

£32,000

 

 

Cash Out

 

Rent Range

£749 - £4,000

Rent Estimate

£823

Running Costs/mo

£528

Cashflow/mo

£295

Cashflow/yr

£3,536

ROI

11%

Gross Yield

9%

Local Sold Prices

42 sold prices from £50K to £155K, average is £107.3K. £862/m² to £2.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£90K05/210 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£107K10/220 mi22, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£105K07/220 mi30, Market Square, Wolverhampton, West Midlands WV3 0NL2
£84K08/210.03 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£84K08/210.03 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£122K11/220.4 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£134K03/230.52 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.52 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£118K11/210.52 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£104.5K10/220.57 mi180, Albion Street, Wolverhampton, West Midlands WV1 3EJ2
£105K08/210.57 mi145, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£102K12/200.57 mi213, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£90K10/210.57 mi53, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EB2
£90K02/230.58 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£131K02/230.58 mi86, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£127K02/210.59 mi37, Lower Villiers Street, Wolverhampton, West Midlands WV2 4NA2
£132K08/220.62 mi92, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£125K04/230.63 mi135, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£120K03/240.63 mi95, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£110K05/210.63 mi100, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EG2
£103.5K12/200.63 mi110, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EG2
£120K03/230.63 mi132, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£112.5K06/210.67 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£50K06/210.7 mi14, Broad Gauge Way, Wolverhampton, West Midlands WV10 0AX2
£134K04/230.7 mi19, Broad Gauge Way, Wolverhampton, West Midlands WV10 0AX2
£128.5K06/210.72 mi159a, Penn Road, Wolverhampton, West Midlands WV3 0ED2
£120K10/220.73 mi170, Albion Street, Wolverhampton, West Midlands WV1 3EJ2
£114K08/220.73 mi182, Albion Street, Wolverhampton, West Midlands WV1 3EJ2
£100K06/230.76 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.76 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.76 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£107.5K11/220.76 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£71.5K04/220.78 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£96K08/210.78 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.78 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.78 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£85K07/210.88 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£62K04/210.89 mi28, Banstead Close, Wolverhampton, West Midlands WV2 2QY2
£84K02/220.91 mi5, Tolworth Gardens, Wolverhampton, West Midlands WV2 2QX2
£95K06/210.99 mi23, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£120K08/220.99 mi22a, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2

Local Rents

39 rents from £749/mo to £4K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£89512/240 mi-2
£1,25011/240.06 mi-2
£1,10011/240.08 mi-2
£97511/240.19 miChapel Ash, Wolverhampton, West Midlands, WV32
£79511/240.2 miGraiseley Street, Penn Fields2
£1,23804/250.22 mi-2
£1,50011/240.23 mi-2
£74911/240.26 mi-2
£1,59011/240.35 mi-2
£1,25004/250.35 mi-2
£96511/240.35 mi33 Princess Street, Wolverhampton2
£1,35011/240.4 mi-2
£1,35002/240.4 mi-2
£95011/240.43 mi-2
£95003/250.44 mi-2
£95004/250.44 mi-2
£1,20011/240.44 mi-2
£1,10012/240.44 mi-2
£1,10001/250.44 mi-2
£4,00011/240.45 mi-2
£75002/250.45 mi-2
£85011/240.45 miPennant Court, Wolverhampton, WV32
£87504/250.47 mi-2
£97511/240.47 miMerridale Road, Wolverhampton, West Midlands, WV32
£85011/240.5 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£85011/240.51 miHazara House, Wolverhampton2
£87511/240.54 miLea Road, Wolverhampton2
£2,44502/250.56 mi-2
£2,44504/250.56 mi-2
£92511/240.57 miAlbion Street, Wolverhampton, West Midlands, WV12
£1,15011/240.58 mi-2
£84003/250.59 mi-2
£2,45004/250.61 mi-2
£99512/240.62 mi-2
£2,80003/250.62 mi-2
£2,60004/250.62 mi-2
£2,45004/250.62 mi-2
£85004/250.62 mi-2
£85004/250.62 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £110,000

November 20, 2024

Sold for £92,500

2017

Sold for £125,000

2006

Sold for £135,000

2006

Sold for £149,999

2004

Floor Plans

Description

  • A FOURTH FLOOR TWO BEDROOM APARTMENT WITH A EN-SUITE IN THE CITY CENTRE +
  • NO ONWARD CHAIN +
  • ALLOCATED PARKING SPACE +
  • Lift service +
  • Spacious lounge with an adjoining kitchen +
  • En-suite shower room and Bathroom +
  • Long lease +
  • Situated in the Wolverhampton city centre and local to transport links, shops and amenities. +

SUMMARY
A SPACIOUS FOURTH FLOOR TWO BEDROOM APARTMENT WITH AN EN-SUITE, LIFT SERVICE & NO ONWARD CHAIN. Accommodation comprises; communal hallway, hallway, lounge, kitchen, two bedrooms, en-suite, bathroom & allocated parking space.

DESCRIPTION
The award winning Connells Wolverhampton branch are proud to introduce Market Square, a fourth floor two-bedroom apartment with an en-suite and lift service which is located in the heart of Wolverhampton City Centre. This apartment presents an excellent opportunity to purchase with no onward chain.

Upon entering, you will find a communal entrance hallway with a convenient stairwell and access to the lift service. The apartment itself boasts an inviting entrance hallway leading to a comfortable lounge with an adjoining kitchen, providing a seamless flow for daily living. The two bedrooms offer ample space for relaxation and rest, while the main bedroom boasts an en-suite shower room. Completing the accommodation is a bathroom to also serve guests. One of the key advantages of this property is the allocated parking space, ensuring convenience for residents.

The apartment's central location in Wolverhampton City Centre grants easy access to a range of amenities, including shops, supermarkets and transport links.

Don't miss the chance to view this two-bedroom first floor apartment in the Wolverhampton City Centre. Contact the Connells Wolverhampton branch today to arrange your viewing.

Location And Area 
Situated in the heart of Wolverhampton city centre where there is an abundance of local shops, eateries, public houses and offers great commuting access to the Birmingham New Road with access links to Dudley and Birmingham city centre. Wolverhampton train station and university is also relatively close by.

Approach 
Set behind secure gates with an allocated parking space.

Communal Hallway 
Stairs rising to all floors and lift access.

Entrance Hallway 
Electric storage heater, intercom, cupboard housing the boiler and doors leading to the lounge, two bedrooms and bathroom.

Lounge 14' 5" x 11' 7" ( 4.39m x 3.53m )
Two electric storage heaters, ceiling light point, double glazed window to the rear and a Juliet balcony.

Kitchen 10' 5" x 6' 7" ( 3.17m x 2.01m )
Matching wall and base units with inset stainless steel sink and drainer with mixer tap, integrated electric oven, electric hob with extractor hood above, plumbing point for washing machine, partly tiled walls and ceiling light point.

Bedroom One 15' 2" x 10' 7" ( 4.62m x 3.23m )
Two double glazed windows to the rear, ceiling light point, electric storage heater and a door to the en-suite.

En-Suite Shower Room 
Shower cubicle, low flush WC, wash hand basin, wall mounted heater, extractor fan and ceiling light point.

Bedroom Two 11' x 7' 8" ( 3.35m x 2.34m )
Double glazed window to the front, electric storage heater and ceiling light point.

Bathroom 
Panelled bath with shower attachment, low flush WC, wash hand basin, ceiling light point, extractor fan and wall mounted heater.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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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