2 Bed Flat, Single Let, Wolverhampton, WV3 0DT, £128,000

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

Leasehold
BTL
ROI: 7%
~68 m²
+11 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%)

£32,000

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,100

 

 

Cash Out

 

Rent Range

£695 - £1,250

Rent Estimate

£795

Running Costs/mo

£579

Cashflow/mo

£216

Cashflow/yr

£2,592

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
£95003/250.02 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
£1,00004/250.37 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
£1,23804/250.61 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

Price changed to £128,000

February 13, 2025

Listed for £130,000

December 4, 2024

Floor Plans

Description

  • CHAIN FREE AND AVAILABLE NOW +
  • Stylish two bedroom apartment +
  • Family bathroom and en-suite +
  • Large entertainment style lounge diner +
  • Allocated parking space and balcony +
  • Viewing is highly recommended +

SUMMARY
"A CHAIN FREE TWO BEDROOM APARTMENT IN A FANTASTIC AND STYLISH CONDITION"
Comprising of an entrance hall, lounge, kitchen, two bedrooms, en-suite, separate family bathroom, communal grounds, allocated parking space and a balcony.

DESCRIPTION
Connells Wolverhampton have the delight of bringing to the market this chain free and stylishly presented two bedroom apartment a short distance from Wolverhampton City Centre. This property must be viewed in order to appreciate.

The property comprises of communal entrance hall, internal entrance hall, large entertainment style lounge diner, two bedrooms, en-suite, family bathroom, modern fitted kitchen. Externally there is communal grounds, one allocated parking spot and a balcony offering outdoor space.

Location And 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 Hall 
Secure intercom access, communal entrance hall.

Entrance Hall 
Secure intercom access, doors to various rooms.

Lounge 19' 1" x 13' 5" ( 5.82m x 4.09m )
Double glazed window to front, french doors to balcony, double glazed bay window, electric radiator, door to entrance hall.

Kitchen 10' 2" x 8' 4" ( 3.10m x 2.54m )
Double glazed window to side, one and a half stainless steel drainer sink, range of wall and base units, space for various appliances.

Bedroom One 13' 10" x 9' 8" ( 4.22m x 2.95m )
Double glazed window to rear, electric radiator, door to en-suite.

En-Suite 
Mixer shower in a cubicle, low flush toilet, vanity sink.

Bedroom Two 11' 8" x 13' 5" ( 3.56m x 4.09m )
Double glazed window to front, double glazed window to side, door to landing.

Bathroom 
Panelled bath, pedestal sink,

Bathroom 
Panelled bath, pedestal sink, low flush toilet, feature tiled walls, door to inner entrance hall.

Balcony 
Wrought iron railings.

Outside  
One allocated parking space and communal grounds.

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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