2 Bed Flat, Single Let, Wolverhampton, WV3 0DT, £128,995

Penn Road, Penn, Wolverhampton, WV3 0DT - 3 views - 4 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£55K - £155K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£114,978

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,249

Stamp Duty & Legal Fees

£5,070

Total Cash In

£37,319

 

 

Cash Out

 

Rent Range

£695 - £1,250

Rent Estimate

£795

Running Costs/mo

£582

Cashflow/mo

£213

Cashflow/yr

£2,555

ROI

7%

Gross Yield

7%

Local Sold Prices

38 sold prices from £55K to £155K, average is £105K. £999/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£128.5K06/210.27 mi159a, Penn Road, Wolverhampton, West Midlands WV3 0ED2
£127K02/210.33 mi37, Lower Villiers Street, Wolverhampton, West Midlands WV2 4NA2
£105K07/220.45 mi30, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.45 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£107K10/220.45 mi22, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.45 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£84K08/210.46 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£84K08/210.46 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£122K11/220.52 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£95K06/210.54 mi23, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£120K08/220.54 mi22a, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£127K08/220.55 mi22, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£125K07/230.6 mi18, Chequerfield Drive, Penn Fields, Wolverhampton, West Midlands WV3 7DH2
£107.5K11/220.62 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£96K08/210.64 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.64 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.64 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£134K03/230.68 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.68 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£93K10/220.68 miFlat 2, Parkhall Gardens, Rosemary Avenue, Wolverhampton, West Midlands WV4 5BN2
£118K11/210.68 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£68K04/210.75 mi128, Goldthorn Hill, Wolverhampton, West Midlands WV2 3HU2
£90K02/230.8 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£112.5K06/210.83 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£62K04/210.89 mi28, Banstead Close, Wolverhampton, West Midlands WV2 2QY2
£84K02/220.91 mi5, Tolworth Gardens, Wolverhampton, West Midlands WV2 2QX2
£104.5K10/220.94 mi180, Albion Street, Wolverhampton, West Midlands WV1 3EJ2
£105K08/210.94 mi145, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£102K12/200.94 mi213, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£71.5K04/220.95 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£55K07/230.95 mi759, Parkfield Road, Wolverhampton, West Midlands WV4 6EE2
£57.5K07/230.95 mi762, Parkfield Road, Wolverhampton, West Midlands WV4 6EE2
£90K10/210.95 mi53, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EB2
£131K02/230.96 mi86, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£100K06/230.97 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.97 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.97 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£132K08/220.98 mi92, Albion Street, Wolverhampton, West Midlands WV1 3EG2

Local Rents

24 rents from £695/mo to £1.3K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£85011/240 miPennant Court, Wolverhampton, WV32
£95002/250.02 mi-2
£95011/240.03 mi-2
£87511/240.15 miLea Road, Wolverhampton2
£87503/250.18 mi-2
£75002/250.2 mi-2
£84003/250.21 mi-2
£79511/240.3 miGraiseley Street, Penn Fields2
£1,00002/250.37 mi-2
£90011/240.4 mi-2
£1,10011/240.44 mi-2
£89512/240.45 mi-2
£85011/240.45 miHazara House, Wolverhampton2
£92511/240.46 miCopthorne Road, Wolverhampton2
£1,25011/240.48 mi-2
£97511/240.52 miChapel Ash, Wolverhampton, West Midlands, WV32
£77511/240.52 miDudley Road, Blakenhall, Wolverhampton2
£69511/240.59 miBrown Street, Wolverhampton, West Midlands, WV22
£79511/240.59 miByrne Road, Blakenhall, Wolverhampton2
£97511/240.61 miMerridale Road, Wolverhampton, West Midlands, WV32
£1,20011/240.61 mi-2
£1,10012/240.61 mi-2
£1,10001/250.61 mi-2
£1,23803/250.61 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.30 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £128,995

November 27, 2024

Floor Plans

Description

  • CHAIN FREE & AVAILABLE NOW! +
  • A modern style two bedroom first floor purpose built apartment +
  • Allocated parking & communal grounds +
  • Lounge / dining room +
  • Modern fitted kitchen +
  • Modern fitted bathroom & en-suite +
  • Close to Wolverhampton City centre, amenities and transport links +
  • VIEWING HIGHLY RECOMMENDED +

SUMMARY
"A CHAIN FREE WELL LAID OUT TWO BEDROOM FIRST FLOOR PURPOSE BUILT APARTMENT CLOSE TO WOLVERHAMPTON CITY CENTRE"
Comprising entrance hall, lounge/dining room, kitchen, two bedrooms, en-suite, bathroom, allocated parking space & communal grounds.

DESCRIPTION
Connells Wolverhampton brings to the market Pennant Court, on Penn Road. A CHAIN FREE well presented modern two bedroom first floor apartment close to Wolverhampton city centre. Viewing is highly recommended. Don't miss your chance to view this fabulous first floor apartment. Perfect for first time buyers, investors or those looking to downsize. Contact our Connells Wolverhampton branch today to book your viewing.

Internally the property comprises entrance hall, lounge / dining room with an adjoining fitted kitchen, two bedrooms, an en-suite and a bathroom. Externally there are pleasant communal grounds and allocated parking.

The Location & Area 
Situated just off the main Penn Road which links to Penn and Wolverhampton City Centre with an abundance of shops, restaurants and public houses. Local schooling and supermarkets are also just a stone's throw away.

Communal Entrance 
Lighting and stairs rising to all floors.

Entrance Hall 
Cupboard housing the water tank, useful coat cupboard, ceiling light point, electric wall mounted heater and doors to all rooms.

Lounge Diner 13' max x 16' max ( 3.96m max x 4.88m max )
Double glazed window to the side, electric wall mounted heater, electric fireplace, French doors to the balcony and archway to the kitchen.

Kitchen 8' x 7' ( 2.44m x 2.13m )
Matching wall and base units with one and a half sink and drainer with mixer tap, partly tiled walls, plumbing point for washing machine, electric oven and electric hob with extractor hood above and ceiling light point.

Bedroom One 14' x 9' 10" max ( 4.27m x 3.00m max )
Double glazed window to the side, ceiling light point, electric wall mounted heater and door to the en-suite.

En-Suite 
Shower cubicle, low flush wc, wash hand basin with storage cupboard beneath, partly tiled walls, extractor fan, ceiling light point and electric wall mounted heater.

Bedroom Two 11' 1" into bay x 10' 1" max ( 3.38m into bay x 3.07m max )
Double glazed window to side, ceiling light point and electric wall mounted heater.

Bathroom 
Panelled bath with shower attachment, vanity wash hand basin, low flush WC, partly tiled walls, extractor fan and an electric wall mounted heater.

Outside 
One allocated parking space.

Lease details are currently being compiled. For 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?

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