2 Bed Terraced House, Single Let, Wolverhampton, WV3 0RP, £140,000

Merridale Street West, Penn Fields, Wolverhampton, WV3 0RP - 4 views - 3 months ago

Sold STC
BTL
ROI: 5%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£75K - £290K
Sold Prices/m²£1.1K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£127,788

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£795

Running Costs/mo

£617

Cashflow/mo

£179

Cashflow/yr

£2,142

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £290K, average is £159.9K. £1.1K/m² to £4.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£137K02/240 mi182, Merridale Street West, Wolverhampton, West Midlands WV3 0RP2
£128K12/230.08 mi84, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP2
£119K12/200.15 mi3, Manlove Street, Wolverhampton, West Midlands WV3 0HG2
£82.5K01/230.16 mi45, Bingley Street, Wolverhampton, West Midlands WV3 0HS2
£82K01/210.17 mi37, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£118.6K01/240.17 mi25, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£97K03/210.17 mi38, Bamford Road, Wolverhampton, West Midlands WV3 0AS2
£102K06/210.18 mi23, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ2
£155K09/230.18 mi46, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HW2
£120K12/200.2 mi112, Jeffcock Road, Wolverhampton, West Midlands WV3 7AF2
£92K11/200.2 mi104, Bruford Road, Wolverhampton, West Midlands WV3 0BA2
£123.5K11/210.22 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£165K01/230.22 mi107, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£140K03/240.22 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£115K07/210.23 mi56, Dalton Street, Wolverhampton, West Midlands WV3 0HE2
£176K03/230.23 mi25, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ2
£86K06/210.24 mi36, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£85K10/210.24 mi56, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£97.5K12/200.29 mi45, Fisher Street, Wolverhampton, West Midlands WV3 0LF2
£170K12/220.31 mi151, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HL2
£75K08/210.31 mi2, Fistral Gardens, Wolverhampton, West Midlands WV3 7NY2
£125K07/210.34 mi19, Carlton Road, Wolverhampton, West Midlands WV3 0LP2
£105K04/210.38 mi99, Merridale Road, Wolverhampton, West Midlands WV3 9SE2
£177K12/200.48 mi19, Broad Lane, Wolverhampton, West Midlands WV3 9BN2
£210K09/210.48 mi7, Havelock Close, Wolverhampton, West Midlands WV3 7HS2
£159.9K05/210.5 mi24, Ackleton Gardens, Bradmore, Wolverhampton, West Midlands WV3 7ES2
£265K07/230.5 mi25, Compton Road, Wolverhampton, West Midlands WV3 9QP2
£178K08/210.52 mi13, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£211K01/240.52 mi22, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£200K11/200.52 mi22, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£247K12/220.52 mi20, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£167K03/230.53 mi34, Maple Road, Wolverhampton, West Midlands WV3 7JD2
£155K10/230.55 mi53, Trysull Road, Wolverhampton, West Midlands WV3 7JE2
£185K08/230.56 mi20, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ET2
£185K01/230.57 mi28, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ER2
£120K12/220.59 mi6, Clayton Close, Wolverhampton, West Midlands WV2 4NH2
£163.5K11/210.59 mi96, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£140K03/210.59 mi98, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£290K04/230.61 mi17, Alderdale, Wolverhampton, West Midlands WV3 9JF2
£235K12/220.62 mi12, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS2
£227.5K01/230.63 mi8, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX2
£159.9K06/210.64 mi53, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£165K10/230.64 mi76, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£170K06/210.64 mi34, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£215K11/230.66 mi27, Oxbarn Avenue, Wolverhampton, West Midlands WV3 7HD2
£163K03/230.66 mi1, Fellows Street, Wolverhampton, West Midlands WV2 4ND2
£178K09/230.67 mi3, Worfield Gardens, Penn Fields, Wolverhampton, West Midlands WV3 7EL2
£180K11/200.73 mi11, Cranmore Road, Wolverhampton, West Midlands WV3 9NL2
£275K03/210.77 mi6, York Crescent, Wolverhampton, West Midlands WV3 9BT2
£136.5K05/230.78 mi42, Mason Street, Wolverhampton, West Midlands WV2 3AG2

Local Rents

32 rents from £750/mo to £4K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£90011/240.15 mi-2
£84003/250.22 mi-2
£1,00004/250.22 mi-2
£87504/250.23 mi-2
£75002/250.24 mi-2
£79511/240.25 miMerridale Road, Wolverhampton, WV32
£87511/240.27 miLea Road, Wolverhampton2
£85004/250.38 mi-2
£85004/250.38 mi-2
£85011/240.4 miPennant Court, Wolverhampton, WV32
£95004/250.42 mi-2
£95004/250.42 mi-2
£95011/240.43 mi-2
£79903/250.44 mi-2
£79511/240.46 miGraiseley Street, Penn Fields2
£92511/240.46 miCopthorne Road, Wolverhampton2
£97511/240.47 miMerridale Road, Wolverhampton, West Midlands, WV32
£85002/250.47 mi-2
£1,20011/240.5 mi-2
£1,10012/240.5 mi-2
£1,10001/250.5 mi-2
£4,00011/240.55 mi-2
£85011/240.56 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£80011/240.57 miHaden Hill, Wolverhampton2
£99511/240.57 miHaden Hill, Wolverhampton2
£87511/240.57 miHaden Hill, WOLVERHAMPTON2
£82511/240.58 miTettenhall Gate, Haden Hill, Wolverhampton2
£79511/240.58 miCompton Road, Wolverhampton, West Midlands, WV32
£89510/240.59 mi-2
£97511/240.59 miChapel Ash, Wolverhampton, West Midlands, WV32
£4,00011/240.62 mi-2
£4,00011/240.62 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.92 miles away

Nearest school

0.10 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £140,000

January 14, 2025

Floor Plans

Description

  • A two bedroom mid terrace property +
  • Close to popular transport access links +
  • Perfect first time purchase or buy to let investment opportunity +
  • Lounge & dining room +
  • Two well proportioned bedrooms +
  • Rear garden +
  • VIEWING HIGHLY RECOMMENDED +

SUMMARY
"A WELL PRESENTED & SURPRISINGLY SPACIOUS TWO BEDROOM MID TERRACE PROPERTY"
Comprising lounge, dining room, kitchen, bathroom, two bedrooms, enclosed rear garden with shared side access.

DESCRIPTION
Connells Wolverhampton bring to the market this two bedroom mid terrace property in the popular Penn Fields area. Benefiting from two receptions this property would make a fantastic first time purchase. Viewing is highly recommended to fully understand and appreciate the generous amount of living accommodation on offer.

The property comprises of lounge, dining room, kitchen, bathroom and two bedrooms. Externally there is a rear garden with shared side access.

The Location & Area 
Situated within the Penn Fields area of Wolverhampton which is conveniently located for Wolverhampton City Centre and popular local schools. There are a wonderful selection of local shops within Wolverhampton City Centre.

Lounge 11' 5" x 12' 2" max ( 3.48m x 3.71m max )
Double glazed window to front, central heating radiator, door to dining room.

Dining Room 12' 2" x 11' 6" ( 3.71m x 3.51m )
Double glazed window to rear, central heating radiator, door to lounge, door to kitchen.

Kitchen 10' 6" x 5' 11" ( 3.20m x 1.80m )
Double glazed window to side, a range of wall and base units, door to downstairs wc.

Bathroom 
Double glazed window, panelled bath, pedestal sink, low flush toilet

First Floor Landing 
Door to bedrooms.

Bedroom One 12' 4" x 11' 5" into recess ( 3.76m x 3.48m into recess )
Double glazed window to front, central heating radiator, door to first floor landing.

Bedroom Two 12' 3" x 11' 6" ( 3.73m x 3.51m )
Double glazed window to rear, central heating radiator, door to first floor landing.

Outside Rear 
Mainly laid to lawn, side shared access.

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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