2 Bed Flat, Single Let, Wolverhampton, WV6 0LR, £95,000

Newbridge Crescent, Off Tettenhall Road, Wolverhampton, WV6 0LR - 1 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£71.5K - £230K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£114,950
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£725 - £4,000

Rent Estimate

£795

Running Costs/mo

£476

Cashflow/mo

£319

Cashflow/yr

£3,830

ROI

13%

Gross Yield

10%

Local Sold Prices

46 sold prices from £71.5K to £230K, average is £128K. £999/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£135K11/220.15 mi2, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£128K01/230.15 mi5, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£135K11/220.16 mi14, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£71.5K04/220.42 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£100K06/230.46 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.46 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.46 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£98K01/210.51 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£128.1K06/230.51 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£112.5K06/210.53 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£85K07/210.53 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£85K12/220.56 mi40, St Michaels Court, Wolverhampton, West Midlands WV6 9AD2
£163.4K08/230.62 mi18, Upper Street, Wolverhampton, West Midlands WV6 8QG2
£90K02/230.62 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£100K12/220.64 miFlat 13, College Court, High Street, Tettenhall, Wolverhampton, West Midlands WV6 8QP2
£118K11/210.68 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£134K03/230.69 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.69 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£123K04/210.7 mi1, Bantock Gardens, Wolverhampton, West Midlands WV3 9LP2
£110K11/230.73 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£105K12/220.73 mi18, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£110K07/210.75 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£230K06/210.79 mi4, Edward Lisle Gardens, Wolverhampton, West Midlands WV6 8UB2
£107.5K11/220.8 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£96K08/210.81 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.81 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.81 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£165K12/230.81 mi9, Finchfield Road, Wolverhampton, West Midlands WV3 9LS2
£122K11/220.84 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£143K11/220.85 mi17, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£130K10/230.85 mi18, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£115K11/200.85 mi1, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£179.9K12/200.87 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.87 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£178K08/230.87 mi7, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£179.9K12/200.87 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.87 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£160K02/230.87 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£140K11/220.87 mi48, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£157.5K11/220.87 mi53, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£130K08/220.88 mi6, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£150K08/220.92 mi4, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£139.9K07/230.95 mi9, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£182K05/240.95 mi11, Cygnet Close, Wolverhampton, West Midlands WV6 8XR2
£100K10/210.98 mi53, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2
£119K03/230.98 mi127, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2

Local Rents

28 rents from £725/mo to £4K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£79512/240.14 miTettenhall Road, Wolverhampton2
£85012/240.21 miSlade Hill, Wolverhampton2
£80012/240.21 miSlade Hill, Wolverhampton2
£80012/240.21 miSlade Hll, Wolverhampton2
£1,50012/240.22 mi11 Beacon House, Tettenhall Road, Newbridge2
£90012/240.24 mi-2
£79511/240.32 miTettenhall Road, Wolverhampton, West Midlands2
£72504/250.39 mi-2
£85004/250.39 mi-2
£89510/240.45 mi-2
£79511/240.45 miCompton Road, Wolverhampton, West Midlands, WV32
£90004/250.49 mi-2
£92511/240.53 miHaden Hill, Wolverhampton2
£75012/240.54 mi-2
£1,65012/240.55 miLower Green, Tettenhall, Wolverhampton2
£1,75012/240.55 mi5c The Mitre, Lower Green, Tettenhall2
£1,35012/240.56 mi4, Rock House, Old Hill, Wolverhampton2
£1,30012/240.56 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£4,00011/240.56 mi-2
£4,00011/240.56 mi-2
£1,35012/240.57 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£82511/240.57 miTettenhall Gate, Haden Hill, Wolverhampton2
£80011/240.57 miHaden Hill, Wolverhampton2
£99511/240.57 miHaden Hill, Wolverhampton2
£87511/240.57 miHaden Hill, WOLVERHAMPTON2
£1,15011/240.58 miPark Road West, West Park2
£85002/250.61 mi-2
£1,15011/240.62 mi-2

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.46 miles away

Nearest school

0.10 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £95,000

November 25, 2024

Floor Plans

Description

  • A WELL MAINTAINED TWO BEDROOM SECOND FLOOR APARTMENT +
  • LONG LEASE +
  • GARAGE FOR PARKING OR ADDITIONAL STORAGE SPACE +
  • Recently fitted new windows +
  • Local to excellent schooling and transport links into Wolverhampton city centre +
  • Spacious lounge +
  • Well appointed kitchen +
  • Bathroom +

SUMMARY
"A WELL MAINTAINED TWO BEDROOM SECOND FLOOR APARTMENT JUST OFF TETTENHALL ROAD WITH A LONG LEASE & GARAGE"
Accommodation comprises communal hallway, entrance hallway, lounge, kitchen, two bedrooms, bathroom and garage.

DESCRIPTION
Samuel Thorneywork from the award winning Connells Wolverhampton branch brings to the market The Lindens, Newbridge Crescent, just off the popular Tettenhall Road. This delightful second floor two-bedroom apartment is presented in good condition and comes with the added benefit of a long lease, making it an ideal choice for both first-time buyers and investors alike.

As you enter the communal hallway, you'll appreciate the well-kept surroundings and stairs leading to your entrance hallway. The spacious lounge invites you to relax and unwind, providing a bright and airy atmosphere thanks to the recently fitted new windows that enhance both the aesthetic and energy efficiency of the home. The well-appointed kitchen features ample storage and workspace for all your cooking needs. The apartment boasts two generously sized bedrooms, each offering serene spaces to retreat at the end of the day. The bathroom is conveniently located, providing all necessary amenities for your daily routine.

One of the standout features of this apartment is the included garage, which not only offers secure parking but also serves as valuable additional storage space, an essential asset in urban living.

The Location & Area 
Situated just off the Tettenhall Road with property benefits from having fantastic access to both into Wolverhampton city centre which offers a wealth of shops, bars and restaurants and the popular Tettenhall village which also has cafes and shopping. The Tettenhall Road offers bus links into Wolverhampton and further afield. Located in the immediate area is a range of parks and recreational facilities and notable schools.

Communal Hall 
Stairs rising to all floors.

Entrance Hall 
Ceiling light point, cupboard housing water tank and doors to the lounge, kitchen, bathroom, and bedrooms.

Lounge 14' x 11' ( 4.27m x 3.35m )
Double glazed windows to the rear, electric fireplace and ceiling light point.

Kitchen 9' x 9' ( 2.74m x 2.74m )
Matching wall and base units with integrated electric oven, four ring electric hob with extractor hood, partly tiled walls, plumbing point for washing machine, double glazed window to the front and two ceiling light points.

Bedroom One 14' x 10' ( 4.27m x 3.05m )
Double glazed window to rear, fitted wardrobes and ceiling light point.

Bedroom Two 10' x 9' ( 3.05m x 2.74m )
Double glazed window to the front, fitted wardrobes, ceiling light point and storage heater.

Bathroom 
Panelled bath with shower over, low flush wc, wash hand basin, tiled walls, electric towel rail with radiator.

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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