3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV6 9DL, £260,000

Windermere Road, Wolverhampton, WV6 9DL - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£77K - £645K
Sold Prices/m²£753/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£220,647

 

 

End Value (After Refurb)

£249,999

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£36,550

Bridging Loan Interest

£6,825

Total Cash In

£119,625

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,999

Mortgage (After Refinance)

£187,499

Mortgage LTV

75%

Cash Left In

£119,625

Equity

£62,500

Rent Range

£900 - £1,500

Rent Estimate

£1,100

Running Costs/mo

£1,021

Cashflow/mo

£79

Cashflow/yr

£945

ROI

1%

Gross Yield

5%

Local Sold Prices

52 sold prices from £77K to £645K, average is £220.5K. £753/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£246K11/210.01 mi47, Windermere Road, Wolverhampton, West Midlands WV6 9DL3
£230K03/230.07 mi19, Windermere Road, Wolverhampton, West Midlands WV6 9DW3
£221K02/210.08 mi75, Coniston Road, Wolverhampton, West Midlands WV6 9DT3
£232K10/210.09 mi21, Grasmere Close, Tettenhall, Wolverhampton, West Midlands WV6 9DP3
£220K02/230.09 mi7, Grasmere Close, Tettenhall, Wolverhampton, West Midlands WV6 9DP3
£245K02/210.09 mi23, Coniston Road, Wolverhampton, West Midlands WV6 9DT3
£230K04/210.09 mi5, Coniston Road, Wolverhampton, West Midlands WV6 9DT3
£238.5K06/230.1 mi12, Coniston Road, Wolverhampton, West Midlands WV6 9DS3
£250K03/240.1 mi6, Coniston Road, Wolverhampton, West Midlands WV6 9DS3
£240.1K05/210.14 mi4a, Windermere Road, Wolverhampton, West Midlands WV6 9DR3
£230K05/210.14 mi5, Derwent Road, Wolverhampton, West Midlands WV6 9ER3
£239.9K04/230.14 mi7, Derwent Road, Wolverhampton, West Midlands WV6 9ER3
£250K01/210.15 mi24, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£227.5K08/210.15 mi46, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£267K08/230.15 mi58, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£236K12/200.16 mi64, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£232.8K11/200.19 mi105, Derwent Road, Wolverhampton, West Midlands WV6 9EU3
£165K11/230.25 mi10, Barnhurst Lane, Wolverhampton, West Midlands WV8 1XB3
£340K12/220.26 mi39, Belvedere Gardens, Wolverhampton, West Midlands WV6 9QL3
£209K05/210.26 mi77, Pendeford Avenue, Wolverhampton, West Midlands WV6 9EH3
£170K02/240.26 mi87, Pendeford Avenue, Wolverhampton, West Midlands WV6 9EH3
£170K02/240.26 mi87, Pendeford Avenue, Wolverhampton, West Midlands WV6 9EH3
£165K01/230.27 mi9, Granary Road, Wolverhampton, West Midlands WV8 1UZ3
£168K01/230.27 mi1, Granary Road, Wolverhampton, West Midlands WV8 1UZ3
£125K03/210.28 mi8, Granary Road, Wolverhampton, West Midlands WV8 1UZ3
£136K01/210.3 mi6, The Glade, Wolverhampton, West Midlands WV8 1UU3
£136K01/210.3 mi6, The Glade, Wolverhampton, West Midlands WV8 1UU3
£435K02/210.3 miEast Holme, Links Avenue, Wolverhampton, West Midlands WV6 9QF3
£645K11/200.31 mi53, Codsall Road, Wolverhampton, West Midlands WV6 9QD3
£160K04/230.33 mi34, Forge Close, Pendeford, Wolverhampton, West Midlands WV8 1UY3
£190K07/230.35 mi107, Eastney Crescent, Wolverhampton, West Midlands WV8 1XW3
£190K07/230.35 mi107, Eastney Crescent, Wolverhampton, West Midlands WV8 1XW3
£185K10/230.36 mi54, Eastney Crescent, Wolverhampton, West Midlands WV8 1YQ3
£156.3K11/230.36 mi54, Barnwood Road, Wolverhampton, West Midlands WV8 1UL3
£145K10/220.37 mi15, Ganton Walk, Wolverhampton, West Midlands WV8 1YL3
£77K08/230.38 mi13, Pendeford Avenue, Wolverhampton, West Midlands WV6 9EG3
£275K06/230.38 mi15, Lawnswood Avenue, Tettenhall, Wolverhampton, West Midlands WV6 9HP3
£285K05/230.38 mi34, Lawnswood Avenue, Tettenhall, Wolverhampton, West Midlands WV6 9HP3
£242K12/230.38 mi32, Lawnswood Avenue, Tettenhall, Wolverhampton, West Midlands WV6 9HP3
£150K07/220.38 mi12, Russet Walk, Pendeford, Wolverhampton, West Midlands WV8 1UQ3
£160.5K08/220.38 mi48, Wheatsheaf Road, Wolverhampton, West Midlands WV8 1UX3
£245K12/200.42 mi63, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£280K11/220.42 mi49, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£240K07/230.42 mi25, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£230K10/230.42 mi21, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£152K12/220.43 mi14, Harvesters Walk, Pendeford, Wolverhampton, West Midlands WV8 1UG3
£203.1K09/210.44 mi83, Green Lane, Aldersley, Wolverhampton, West Midlands WV6 9HL3
£205K09/230.44 mi30, Lane Green Avenue, Codsall, Wolverhampton, Staffordshire WV8 2JT3
£163K07/220.44 mi335, Ryefield, Wolverhampton, West Midlands WV8 1UD3
£180K02/240.45 mi14, Cosgrove Walk, Wolverhampton, West Midlands WV8 1YD3
£121K03/210.45 mi8, Smallwood Road, Pendeford, Wolverhampton, West Midlands WV8 1UE3
£145K11/200.46 mi9, Alderford Close, Wolverhampton, West Midlands WV8 1YJ3

Local Rents

14 rents from £900/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,29512/240.12 miThirlmere Close, Palmers Cross3
£1,40012/230.13 mi-3
£1,50001/240.13 mi-3
£1,20003/250.34 mi-3
£1,19504/250.34 mi-3
£1,05004/250.35 mi-3
£1,00009/230.35 mi-3
£96007/240.36 mi-3
£90002/240.43 mi-3
£1,00001/250.43 mi-3
£90012/230.49 mi-3
£97512/240.52 miDam Mill Close, Codsall, Wolverhampton3
£97512/240.52 miDam Mill Close, Codsall, Wolverhampton3
£1,20012/240.53 miBlakeley avenue, Wolverhampton3

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

1.91 miles away

Nearest school

0.10 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £260,000

January 14, 2025

Floor Plans

Description

  • OFFERED WITH NO UPWARD CHAIN +
  • OFF ROAD PARKING AND DETACHED REAR GARAGE +
  • TWO RECEPTION ROOMS +
  • FITTED KITCHEN +
  • DOWNSTAIRS W.C. +
  • THREE DOUBLE BEDROOMS +
  • SHOWER ROOM +
  • DOUBLE GLAZING AND CENTRAL HEATING +

Spacious Three-Bedroom Semi-Detached Home – offered with No Onward Chain Located in the highly sought-after Palmers Cross estate on the outskirts of Wolverhampton, this generously proportioned three-bedroom semi-detached home presents a fantastic opportunity for buyers looking to modernise and add their own personal touch. Offered with NO ONWARD CHAIN, the property provides ample space, a well-designed layout, and excellent potential for enhancement. Ideally positioned within walking distance of local shops and a well-regarded primary school, this home also benefits from easy access to the wider amenities of Codsall and Wolverhampton, making it perfect for families and commuters alike. The area offers excellent transport links, with convenient road networks connecting to surrounding towns and cities. Stepping inside, the spacious entrance hall welcomes you with a sense of openness and features a downstairs W.C. for added convenience. The property boasts two generously sized reception rooms, including a charming bay-fronted dining room. The fitted kitchen provides ample storage and workspace, with a side lobby offering practical access to both the front and rear of the property, enhancing convenience and functionality. Ascending to the first floor, the home features three well-proportioned double bedrooms, two of which benefit from fitted wardrobes, ensuring excellent storage solutions. The modern shower room has been updated, providing a stylish and contemporary finish. Externally, the property benefits from a lawned front garden, which offers potential to be converted into additional off-road parking, subject to necessary permissions. The enclosed rear garden provides a private outdoor space, perfect for relaxation or entertaining. A garage, accessible via Buttermere Close, offers additional storage or secure parking, while dedicated off-road parking at the rear further enhances the property’s appeal. With its desirable location, spacious accommodation, and exciting potential for modernisation, this property is an excellent opportunity for buyers looking to create their dream home. Whether you’re a first-time buyer, growing family, or investor, this home is a must-see.

EPC Rating: D

Agent Details

Bartlams, Tettenhall

01902 943789

Next Steps?

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