4 Bed Detached House, Refurb/BRRR, Wolverhampton, WV6 8PS, £339,950

41 Woodfield Heights, Tettenhall, Wolverhampton, WV6 8PS - 4 views - 3 months ago

Refurb/BRRR
ROI: 1%
87 m²
+9 photos

ValuationOvervalued

Sold Prices£96K - £864K
Sold Prices/m²£596/m² - £5.8K/m²

 

 

Square Metres

87 m²
Price/m²£3.9K/m²

Value Estimate

£209,375

 

 

End Value (After Refurb)

£290,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£84,988

Stamp Duty & Legal Fees

£15,896

Refurb Costs

£34,192

Bridging Loan Interest

£8,924

Total Cash In

£145,749

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£290,000

Mortgage (After Refinance)

£217,500

Mortgage LTV

75%

Cash Left In

£145,749

Equity

£72,500

Rent Range

£850 - £1,950

Rent Estimate

£1,344

Running Costs/mo

£1,195

Cashflow/mo

£149

Cashflow/yr

£1,787

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £96K to £864K, average is £352.5K. £596/m² to £5.8K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£315K12/200.03 mi45, Woodfield Heights, Wolverhampton, West Midlands WV6 8PS4
£340K05/230.07 miApril Cottage, College Road, Wolverhampton, West Midlands WV6 8QE4
£489.9K03/230.16 mi210, Henwood Road, Wolverhampton, West Midlands WV6 8NZ4
£440K04/230.21 mi24, Chelston Drive, Wolverhampton, West Midlands WV6 0LQ4
£130.5K12/230.28 mi5, St Michaels Court, Wolverhampton, West Midlands WV6 9AD4
£499.9K12/200.3 mi4, Church Hill Road, Wolverhampton, West Midlands WV6 9AT4
£640K10/230.3 mi3, Church Hill Road, Wolverhampton, West Midlands WV6 9AT4
£700K05/230.3 mi2, Church Hill Road, Wolverhampton, West Midlands WV6 9AT4
£400K11/200.34 mi21, Grotto Lane, Wolverhampton, West Midlands WV6 9LP4
£270K09/210.35 mi11, Marlborough Gardens, Wolverhampton, West Midlands WV6 0LU4
£618K06/210.37 mi5, Bowood Drive, Wolverhampton, West Midlands WV6 9AW4
£188K06/210.4 mi156, Tettenhall Road, Wolverhampton, West Midlands WV6 0BQ4
£280K12/220.4 mi174, Tettenhall Road, Wolverhampton, West Midlands WV6 0BQ4
£420K09/230.41 mi27, Newbridge Crescent, Wolverhampton, West Midlands WV6 0LN4
£510K08/230.41 mi11, Wincote Drive, Wolverhampton, West Midlands WV6 8LR4
£765K11/210.43 miThe White Cottage, Stockwell End, Wolverhampton, West Midlands WV6 9PH4
£198K02/210.44 mi53, Aldersley Road, Wolverhampton, West Midlands WV6 9NA4
£525K10/230.46 miLapley Cottage, Lothians Road, Wolverhampton, West Midlands WV6 9PN4
£565K09/230.46 mi18, Midhurst Grove, Wolverhampton, West Midlands WV6 8XN4
£416.2K06/210.48 mi277, Tettenhall Road, Wolverhampton, West Midlands WV6 0DE4
£420K12/220.53 mi84, Tyninghame Avenue, Wolverhampton, West Midlands WV6 9PW4
£335K09/230.53 mi60, Regis Road, Tettenhall, Wolverhampton, West Midlands WV6 8RW4
£625K02/230.54 mi5, Maythorn Gardens, Wolverhampton, West Midlands WV6 8NP4
£360K07/230.55 mi37, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB4
£340K01/210.55 mi47, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB4
£342.1K01/210.55 mi55, Woodcote Road, Wolverhampton, West Midlands WV6 8LG4
£235K02/210.55 mi17, Balfour Crescent, Wolverhampton, West Midlands WV6 0BJ4
£207.5K12/230.55 mi15, Balfour Crescent, Wolverhampton, West Midlands WV6 0BJ4
£410K11/210.56 mi28b, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SF4
£162.5K12/200.57 mi96, Newbridge Street, Wolverhampton, West Midlands WV6 0EQ4
£585K04/230.59 mi34, Wergs Road, Tettenhall, Wolverhampton, West Midlands WV6 8TD4
£440K10/230.59 mi12, Tyninghame Avenue, Wolverhampton, West Midlands WV6 9PW4
£151K02/210.6 mi228, Hordern Road, Wolverhampton, West Midlands WV6 0HQ4
£185K12/220.6 mi226, Hordern Road, Wolverhampton, West Midlands WV6 0HQ4
£864K02/210.62 mi59, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SG4
£592.5K06/210.63 mi22, Foley Drive, Tettenhall, Wolverhampton, West Midlands WV6 8LU4
£231K04/210.63 mi10, St Judes Road, Wolverhampton, West Midlands WV6 0EB4
£400K01/230.64 mi26, Knights Avenue, Wolverhampton, West Midlands WV6 9QA4
£430K03/240.64 mi2, Knights Avenue, Wolverhampton, West Midlands WV6 9QA4
£250K10/210.65 mi47, Burland Avenue, Wolverhampton, West Midlands WV6 9JJ4
£296K03/230.69 mi30, High Meadows, Wolverhampton, West Midlands WV6 8PH4
£278K06/210.71 mi40, Paget Road, Wolverhampton, West Midlands WV6 0DX4
£247.5K03/210.71 mi34, Paget Road, Wolverhampton, West Midlands WV6 0DX4
£96K05/230.73 mi22, Allen Road, Wolverhampton, West Midlands WV6 0AN4
£375K12/200.74 mi35, Ormes Lane, Wolverhampton, West Midlands WV6 8LL4
£372.5K02/210.74 mi26, Ormes Lane, Wolverhampton, West Midlands WV6 8LL4
£325K12/230.74 mi37, Paget Road, Wolverhampton, West Midlands WV6 0DS4
£267K03/210.75 mi17, Alpine Way, Wolverhampton, West Midlands WV3 9ED4
£240K11/230.76 mi93, Crossland Crescent, Wolverhampton, West Midlands WV6 9LA4
£345K12/230.77 mi122, Clark Road, Wolverhampton, West Midlands WV3 9PD4

Local Rents

14 rents from £850/mo to £1.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.08 mi70 Woodfield Heights, Tettenhall, Wolverhampton3
£1,49512/240.23 miNeuvo Court, Newbridge, Wolverhampton3
£1,20004/250.34 mi-3
£1,49512/240.4 mi14 Wincote Drive, Tettenhall, WV6 8LR3
£1,60012/240.45 miLove Lane, Tettenhall3
£89512/240.45 miCornwall Road, Tettenhall, Wolverhampton, WV6 8UZ3
£1,20004/250.51 mi-3
£1,95012/240.51 mi-4
£1,00012/240.52 miHordern Grove, Wolverhampton3
£1,29504/250.52 mi-3
£1,27504/250.52 mi-3
£85012/240.52 miCornwall Road, Tettenhall3
£1,50001/250.6 mi-4
£1,50002/250.6 mi-4

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

1.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £339,950

January 16, 2025

Floor Plans

Description

A four bedroom link-detached family home in a sought-after residential location
NO UPWARD CHAIN

Location - Woodfield Heights in a prime residential area. The extensive amenities afforded by both Compton and Tettenhall are within easy reach with steps from Woodfield Heights leading to Tettenhall Village itself and the City Centre is within convenient travelling distance. There is excellent schooling in both sectors and the motorway network is nearby.

Description - 41 Woodfield Heights is a family home with well proportioned accommodation over both ground and first floors. There is a driveway to the front and a tandem garage to the side. The garden is low maintenance and there is the benefit of no upward chain. The property has been well maintained over the years but would now benefit from a scheme of modernisation.

Accommodation - A double glazed front door and side window open into the HALL with wooden flooring and a GUEST CLOAKROOM with WC, scalloped wall mounted wash basin, wood flooring, part tiling to the walls and a window to the garage. There is a large L-shaped reception room with ample space for both dining and seating with wooden flooring throughout, a double glazed window to the front, a gas coal effect fire, wiring for wall lights, a useful understairs store, a double glazed window to the rear and double glazed door and windows into the CONSERVATORY with double glazed windows to three elevations, French doors to the garden, tiled floor and paddle fan light. The KITCHEN has a range of wall and base units with roll top working surfaces, space for an under counter fridge, plumbing for a washing machine, breakfast bar, four ring gas hob with filtration unit above and electric oven beneath, integrated ceiling lighting, sliding windows and a courtesy door to the garage.

Stairs from the hall rise to the first floor landing with access to the loft and a linen cupboards housing the hot water cylinder. There are THREE DOUBLE BEDROOMS and the FOURTH BEDROOM is a good room in size The BATHROOM has a panelled bath with shower over, wash basin, WC, tiled floor and walls, heated ladder towel rail and a double glazed window.

Outside - 41 Woodfield Heights sits behind a DRIVEWAY laid in brick herringbone with a shaped lawn to one side leading to the TAMDEM GARAGE has an up and over door, concrete floor, electric light and power, cold water supply, a wall mounted Baxi gas fired central heating boiler and a double glazed door to the REAR GARDEN has a paved patio with steps leading to a shaped lawn with mature shrubs to the borders.

We are informed by the Vendors that all mains services are connected
COUNCIL TAX BAND D – Wolverhampton
POSSESSION Vacant possession will be given on completion.
VIEWING - Please contact the Tettenhall Office.
The property is FREEHOLD.
Broadband – Ofcom checker shows Standard / Superfast / Ultrafast are available
Mobile – Ofcom checker shows two of the four main providers have likely coverage indoors with all four having likely coverage outdoors.
Ofcom provides an overview of what is available, potential purchasers should contact their preferred supplier to check availability and speeds.

Agent Details

Berriman Eaton, Tettenhall

01902 953419

Next Steps?

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