3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV4 5UN, £180,000

34 WESTBOURNE ROAD, WOLVERHAMPTON, WV4 5UN - 5 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£110K - £425K
Sold Prices/m²£1.3K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£225,158
BMV2%

 

 

End Value (After Refurb)

£226,615

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£36,800

Bridging Loan Interest

£4,725

Total Cash In

£96,075

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£226,615

Mortgage (After Refinance)

£169,961

Mortgage LTV

75%

Cash Released

£34,961

Cash Left In

£61,114

Equity

£56,654

Rent Range

£775 - £2,700

Rent Estimate

£1,183

Running Costs/mo

£965

Cashflow/mo

£218

Cashflow/yr

£2,619

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £110K to £425K, average is £233.5K. £1.3K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£185K11/230.02 mi77, Westbourne Road, Wolverhampton, West Midlands WV4 5UF3
£110K01/210.02 mi67, Westbourne Road, Wolverhampton, West Midlands WV4 5UF3
£131.3K02/240.02 mi74a, Westbourne Road, Wolverhampton, West Midlands WV4 5UF3
£158.5K01/210.02 mi24, Westbourne Road, Wolverhampton, West Midlands WV4 5UN3
£161K12/200.02 mi11, Westbourne Road, Wolverhampton, West Midlands WV4 5UN3
£227.5K09/210.05 mi10, Elm Dale Road, Wolverhampton, West Midlands WV4 5SR3
£245K08/230.05 mi8, Elm Dale Road, Wolverhampton, West Midlands WV4 5SR3
£212K11/200.05 mi7, Elmdale Road, Wolverhampton, West Midlands WV4 5SR3
£230K11/200.05 mi6, Elmdale Road, Wolverhampton, West Midlands WV4 5SR3
£175K05/210.05 mi66, Belmont Road, Wolverhampton, West Midlands WV4 5UE3
£175K06/210.08 mi25, Belmont Road, Wolverhampton, West Midlands WV4 5UD3
£265K06/230.08 mi19, Belmont Road, Wolverhampton, West Midlands WV4 5UD3
£215K02/210.09 mi1e, Sandringham Road, Wolverhampton, West Midlands WV4 5TQ3
£210K09/220.1 mi12, Belmont Road, Wolverhampton, West Midlands WV4 5UD3
£290K05/230.11 mi54, Alexandra Road, Wolverhampton, West Midlands WV4 5UB3
£250K02/230.11 mi70, Alexandra Road, Wolverhampton, West Midlands WV4 5UB3
£230K10/220.12 mi9, Ryecroft Avenue, Wolverhampton, West Midlands WV4 5UQ3
£240K11/220.12 mi6, Ryecroft Avenue, Wolverhampton, West Midlands WV4 5UQ3
£375K03/230.13 mi60, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SW3
£340K06/210.13 mi58, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SW3
£243K11/230.13 mi54, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SW3
£315K09/230.15 mi37, Goldthorn Avenue, Wolverhampton, West Midlands WV4 5AA3
£305K10/230.16 mi4, Westminster Avenue, Wolverhampton, West Midlands WV4 5TE3
£257.5K06/210.17 mi5, Goldthorn Crescent, Wolverhampton, West Midlands WV4 5TX3
£227K06/210.19 mi4, Balmoral Road, Wolverhampton, West Midlands WV4 5SZ3
£213K06/230.19 mi3, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SL3
£249.9K05/210.21 mi26, Sutherland Road, Wolverhampton, West Midlands WV4 5AR3
£256K11/210.25 mi23, Whitehall Road, Wolverhampton, West Midlands WV4 5TA3
£205.5K07/210.26 mi53, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AP3
£255K12/220.26 mi181, Goldthorn Hill, Wolverhampton, West Midlands WV2 4QB3
£240K12/230.28 mi1, Anne Road, Wolverhampton, West Midlands WV4 5AZ3
£365K03/240.28 mi8, Ascot Drive, Wolverhampton, West Midlands WV4 5SX3
£185K05/210.3 mi39, Elizabeth Avenue, Wolverhampton, West Midlands WV4 5BE3
£275K10/230.3 mi35, Elizabeth Avenue, Wolverhampton, West Midlands WV4 5BE3
£200K11/230.3 mi10, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AP3
£300K07/230.3 mi19, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AP3
£285K03/240.3 mi9, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AP3
£360K07/220.31 mi9, Rookery Lane, Wolverhampton, West Midlands WV2 4PY3
£350K11/220.32 mi8, Rookery Lane, Wolverhampton, West Midlands WV2 4PU3
£425K10/220.32 mi24, Tudor Crescent, Wolverhampton, West Midlands WV2 4PX3
£255K03/210.33 mi106, Himley Crescent, Wolverhampton, West Midlands WV4 5BY3
£238K06/230.34 mi102, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AN3
£237K02/210.36 mi17, Camberley Drive, Wolverhampton, West Midlands WV4 5RP3
£178K04/210.37 mi92, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SA3
£178K04/210.37 mi92, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SA3
£222K11/220.37 mi19, Needwood Close, Wolverhampton, West Midlands WV2 4PP3
£171K03/210.37 mi35, Needwood Close, Wolverhampton, West Midlands WV2 4PP3
£189K04/210.37 mi168a, Goldthorn Hill, Wolverhampton, West Midlands WV2 4PR3
£225K05/230.37 mi160, Goldthorn Hill, Wolverhampton, West Midlands WV2 4PR3
£203K09/220.38 mi348, Penn Road, Wolverhampton, West Midlands WV4 4DA3

Local Rents

43 rents from £775/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40011/240.3 mi19A Woodfield Avenue, Penn3
£1,30004/250.32 mi-3
£2,70004/250.36 mi-3
£87511/240.48 miSwan Bank, Wolverhampton3
£1,25011/240.51 miEdnam Road, Wolverhampton, West Midlands, WV43
£1,30003/250.6 mi-3
£1,29511/240.65 miWakeley Hill, Penn, Wolverhampton3
£1,50012/240.66 mi-3
£1,14511/240.68 mi-3
£1,40002/250.68 mi-3
£97504/250.73 mi-3
£1,30011/240.73 mi23 Brenton Road, Penn, Wolverhampton3
£89511/240.8 miBruford Road, Wolverhampton, WV33
£1,15001/240.85 mi-3
£1,05011/240.85 miStanford Road, Wolverhampton, West Midlands, WV23
£1,05002/250.86 mi-3
£1,20001/250.88 mi-3
£1,20001/250.88 mi-3
£1,50011/240.92 mi-3
£1,20011/240.95 mi-3
£85001/250.97 mi-3
£1,00011/240.97 miMerridale Street West, Wolverhampton, WV33
£1,00011/240.97 mi-3
£1,30011/240.97 mi-3
£1,02511/240.98 miElm Farm Road, Wolverhampton, Wv2 3df3
£1,09502/250.98 mi-3
£87504/251.03 mi-3
£1,20011/241.04 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/241.04 miMerridale Street West, Wolverhampton, West Midlands, WV33
£97511/241.04 mi1 Bamber Close, Bradmore, Wolverhampton3
£77511/241.06 miKimberley Street, Wolverhampton, WV33
£1,20011/241.06 miThompson Avenue, Wolverhampton, West Midlands, WV23
£1,29504/251.08 mi-3
£1,25011/241.08 mi-3
£1,30011/241.15 mi-3
£1,45002/251.15 mi-3
£1,15011/241.16 miWillcock Road, WOLVERHAMPTON3
£1,15011/241.17 miWillcock Road, Wolverhampton3
£1,10011/241.17 miWillcock Road, Wolverhampton, West Midlands, WV23
£1,20012/241.17 mi-3
£1,40011/241.21 miFairview Road, Wolverhampton3
£1,40011/241.21 miFairview Road, Penn, WOLVERHAMPTON3
£1,30011/241.23 miGlade Gardens, Warstones, Wolverhampton3

Local Area Statistics

Population in WV4

34,295

Population in Wolverhampton

260,353

Town centre distance

1.75 miles away

Nearest school

0.30 miles away

Nearest train station

1.55 miles away

 

 

Rental growth (12m)

+30%

Sales demand

Balanced market

Capital growth (5yrs)

+39%

Property History

Price changed to £180,000

March 13, 2025

Price changed to £200,000

February 1, 2025

Price changed to £210,000

January 16, 2025

Listed for £220,000

December 13, 2024

Floor Plans

Description

  • Traditional Three Bedroom End Terrace Home +
  • Separate Living & Sitting Rooms +
  • Highly Sought After Location +
  • Excellent Links To Wolverhampton City Centre +
  • Ground Floor Shower Room +
  • Available With No Onward Chain +

NO CHAIN - Traditional three bedroom end-terrace home situated in an extremely popular location off Mount Road close to a range of amenities including shops, well regarded schools and access to public transport. Whilst requiring a general scheme of modernisation throughout, the property offers huge potential and has versatile accommodation comprising entrance porch, separate living & sitting rooms, kitchen, ground floor shower room, veranda, three bedrooms and garden to the rear.

Approach - The property is approached via a paved courtyard.

Entrance Porch - Door to the living room.

Living Room - Double glazed leaded bay window to the front, radiator, feature fireplace and a staircase to the first floor landing.

Sitting Room - Window, radiator, under stairs cupboard, feature fireplace and an opening to the kitchen.

Kitchen - Window to the side, tiled floor, part tiled walls and a range of fitted wall, drawer and base units with roll edge work surfaces over incorporating a stainless steel sink and drainer unit with mixer tap. There is space for various household appliances including a cooker, fridge and plumbing for a dishwasher.

Shower Room - Double glazed obscure window to the side, radiator, tiled walls and suite comprising close coupled w.c, wash hand basin and shower enclosure.

Veranda - Windows to the side and rear, power points and a door to the rear garden.

First Floor Landing - Doors to:

Bedroom One - Double glazed leaded window to the front, radiator and fitted wardrobes.

Bedroom Two - Double glazed window to the rear, radiator and built in storage cupboard.

Bedroom Three - Double glazed window to the rear and radiator.

Rear Garden - To the rear of the property is a paved garden with a number of mature trees and shrubs. There is access to a shared side passageway.

Council Tax - Wolverhampton City Council - Tax Band B

Services - The agent understands that mains gas, electricity, water and drainage are available.

Tenure Freehold - The property is freehold.

Other Information - The agent understands that a grant of probate has been applied for but not yet issued.

Agent Details

Sanders, Wright & Freeman, Wolverhampton

01902 943761

Next Steps?

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