3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV10 6XN, £157,000

Elmdon Road, Oxley, Wolverhampton, WV10 6XN - 13 views - 5 months ago

Under Offer
Cash
Refurb/BRRR
Planning
ROI: 2%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£135K - £300K
Sold Prices/m²£1.6K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£161,710
BMV3%

 

 

End Value (After Refurb)

£222,355

Uplift in Value

+42%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,250

Stamp Duty & Legal Fees

£5,910

Refurb Costs

£36,800

Bridging Loan Interest

£4,121

Total Cash In

£87,831

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£222,355

Agent Fees (1%)

£2,224

Bridging Loan

£117,750

Bridging Loan Interest

£4,121

Flip Profit

£14,550

Local Sold Prices

52 sold prices from £135K to £300K, average is £197.5K. £1.6K/m² to £4.1K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£190.8K09/230.08 mi11, Renton Grove, Wolverhampton, West Midlands WV10 6XG3
£157K04/210.08 mi1, Elmdon Close, Wolverhampton, West Midlands WV10 6XL3
£160K07/210.08 mi18, Elmdon Close, Wolverhampton, West Midlands WV10 6XL3
£147K03/210.09 mi208, Renton Road, Wolverhampton, West Midlands WV10 6XF3
£210K03/240.11 mi7, Henley Road, Wolverhampton, West Midlands WV10 6UY3
£180K09/230.12 mi21, Meriden Road, Wolverhampton, West Midlands WV10 6XA3
£180K09/230.12 mi21, Meriden Road, Wolverhampton, West Midlands WV10 6XA3
£250K12/220.15 mi174, Probert Road, Oxley, Wolverhampton, West Midlands WV10 6UA3
£165K01/230.16 mi161, Probert Road, Oxley, Wolverhampton, West Midlands WV10 6UB3
£195K05/230.16 mi81, Probert Road, Oxley, Wolverhampton, West Midlands WV10 6UB3
£185K05/210.18 mi36, Renton Road, Wolverhampton, West Midlands WV10 6UR3
£135K12/220.18 mi28, Renton Road, Wolverhampton, West Midlands WV10 6UR3
£225K04/230.19 mi22, Hampton Road, Wolverhampton, West Midlands WV10 6UX3
£210K02/230.2 mi40, Emsworth Crescent, Wolverhampton, West Midlands WV9 5NU3
£235K09/230.21 mi140, Oxley Moor Road, Wolverhampton, West Midlands WV10 6TX3
£168K05/210.23 mi43, Renton Road, Wolverhampton, West Midlands WV10 6UP3
£175K05/210.23 mi14, Renton Road, Wolverhampton, West Midlands WV10 6UP3
£195K03/230.23 mi91, Emsworth Crescent, Wolverhampton, West Midlands WV9 5NT3
£200K11/230.23 mi93, Emsworth Crescent, Wolverhampton, West Midlands WV9 5NT3
£232K01/230.23 mi135, Oxley Moor Road, Wolverhampton, West Midlands WV10 6TY3
£205K11/200.26 mi6, Chandlers Close, Wolverhampton, West Midlands WV9 5PL3
£220K10/220.29 mi58, Halesworth Road, Wolverhampton, West Midlands WV9 5PJ3
£145K04/230.3 mi47, Beech Road, Wolverhampton, West Midlands WV10 6TR3
£209K11/200.31 mi66, Probert Road, Wolverhampton, West Midlands WV10 6UD3
£250K08/230.31 mi66, Probert Road, Oxley, Wolverhampton, West Midlands WV10 6UD3
£250K08/230.31 mi66, Probert Road, Oxley, Wolverhampton, West Midlands WV10 6UD3
£245K09/220.32 mi12, Portswood Close, Wolverhampton, West Midlands WV9 5PN3
£180K03/210.33 mi11, Alverstoke Close, Wolverhampton, West Midlands WV9 5PS3
£155K03/210.34 mi57, Probert Road, Wolverhampton, West Midlands WV10 6UE3
£265K04/230.34 mi49, Probert Road, Oxley, Wolverhampton, West Midlands WV10 6UE3
£164K08/210.34 mi196, Oxley Moor Road, Wolverhampton, West Midlands WV10 6TZ3
£232K03/230.35 mi62, Oxley Moor Road, Wolverhampton, West Midlands WV10 6TU3
£173K09/230.35 mi46, Oxley Moor Road, Wolverhampton, West Midlands WV10 6TU3
£216K06/210.35 mi34, Oxley Moor Road, Wolverhampton, West Midlands WV10 6TU3
£145K10/200.36 mi86, St Annes Road, Wolverhampton, West Midlands WV10 6SH3
£203K10/230.36 mi110, St Annes Road, Wolverhampton, West Midlands WV10 6SH3
£172.5K11/200.36 mi53, Oxley Moor Road, Wolverhampton, West Midlands WV10 6TT3
£183K05/210.37 mi62, Halesworth Road, Wolverhampton, West Midlands WV9 5PJ3
£222K11/230.37 mi28, Halesworth Road, Wolverhampton, West Midlands WV9 5PJ3
£222K12/220.38 mi22, Markham Croft, Pendeford, Wolverhampton, West Midlands WV9 5PU3
£180K01/210.38 mi10, Oxley Links Road, Oxley, Wolverhampton, West Midlands WV10 6TJ3
£277K09/230.38 mi21, Oxley Links Road, Oxley, Wolverhampton, West Midlands WV10 6TJ3
£176.5K03/210.4 mi20, Markham Croft, Wolverhampton, West Midlands WV9 5PU3
£165K03/230.42 mi51, Catisfield Crescent, Pendeford, Wolverhampton, West Midlands WV8 1XJ3
£205K03/230.42 mi14, Eldridge Close, Wolverhampton, West Midlands WV9 5PX3
£182.5K06/230.42 mi4, Eccleshall Avenue, Wolverhampton, West Midlands WV10 6TW3
£300K09/220.43 mi10, Kerridge Close, Wolverhampton, West Midlands WV9 5LU3
£264K09/230.43 mi9, Kerridge Close, Wolverhampton, West Midlands WV9 5LU3
£250K04/220.43 mi4, Kerridge Close, Wolverhampton, West Midlands WV9 5LU3
£180K03/210.44 mi45, Eccleshall Avenue, Wolverhampton, West Midlands WV10 6TN3
£223K04/230.45 mi9, Woodford Close, Wolverhampton, West Midlands WV9 5PZ3
£255K01/230.46 mi51, Eccleshall Avenue, Wolverhampton, West Midlands WV10 6TN3

Local Rents

16 rents from £845/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00011/240.09 miRenton Road, WOLVERHAMPTON3
£1,05003/240.1 mi-3
£84506/230.19 mi-3
£1,10011/240.3 miBeech Road, WOLVERHAMPTON3
£1,26008/240.41 mi-3
£1,40007/240.48 mi-3
£1,27502/250.49 mi-3
£1,00006/230.51 mi-3
£1,30011/240.52 miStafford Road, Wolverhampton, West Midlands, WV103
£1,05001/250.58 mi-3
£1,20012/240.58 miBlakeley avenue, Wolverhampton3
£1,10003/250.6 mi-3
£1,00009/230.6 mi-3
£1,05004/250.6 mi-3
£1,20003/250.61 mi-3
£1,19504/250.61 mi-3

Local Area Statistics

Population in WV10

56,254

Population in Wolverhampton

260,353

Town centre distance

2.26 miles away

Nearest school

0.30 miles away

Nearest train station

1.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £157,000

December 13, 2024

Floor Plans

Description

  • Traditional; end terrace house +
  • No upwards chain +
  • Three bedrooms +
  • Requires refurbishment & remodernisation +
  • Gardens and parking +
  • Cash Offers Invited +

Situated within this established residential area to the North of Wolverhampton, thus convenient for commute along the A449 Stafford Road to the city centre and to junction 2 M54. The three bedroom, two reception room accommodation, does benefit from no chain, has partial central heating (untested), gardens and off road parking, however it is in need of extensive refurbishment and as such CASH offers would ideally be sought. Building Safety The property is in need of a scheme of refurbishment and remodernisation. Mobile Signal Sold by executers - not known. Construction Type Traditional brick construction with tiled roof. Existing Planning Permission None Coalfield or Mining Not traditionally a know mining area.

Agent Details

Rees Page Estate Agents & Solicitors, Wolverhampton

01902 953217

Next Steps?

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