4 Bed Detached House, Refurb/BRRR, Wolverhampton, WV6 7TP, £455,000

17 Wykeham Grove, Wolverhampton, WV6 7TP - 3 views - 3 months ago

Leasehold
Refurb/BRRR
ROI: 3%
~129 m²
+23 photos

ValuationOvervalued

Sold Prices£224K - £650K
Sold Prices/m²£1.6K/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£361,855

 

 

End Value (After Refurb)

£405,331

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£113,750

Stamp Duty & Legal Fees

£25,900

Refurb Costs

£50,800

Bridging Loan Interest

£11,944

Total Cash In

£204,144

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£405,331

Mortgage (After Refinance)

£303,998

Mortgage LTV

75%

Cash Left In

£204,144

Equity

£101,333

Rent Range

£995 - £3,995

Rent Estimate

£2,223

Running Costs/mo

£1,731

Cashflow/mo

£492

Cashflow/yr

£5,901

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £224K to £650K, average is £355K. £1.6K/m² to £4.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£300K01/210.07 mi16, Wren Avenue, Wolverhampton, Staffordshire WV6 7TS4
£350K12/220.07 mi20, Wren Avenue, Wolverhampton, Staffordshire WV6 7TS4
£345K12/220.09 mi5, Hawksmoor Drive, Perton, Wolverhampton, Staffordshire WV6 7TL4
£360K08/230.09 mi32, Hawksmoor Drive, Perton, Wolverhampton, Staffordshire WV6 7TE4
£315K03/210.14 mi12, Barley Croft, Perton, Wolverhampton, Staffordshire WV6 7XX4
£247K11/230.22 mi34, Canterbury Drive, Perton, Wolverhampton, Staffordshire WV6 7XA4
£260K12/220.27 mi64, Severn Drive, Wolverhampton, Staffordshire WV6 7QL4
£350K02/230.3 mi12, The Cartway, Perton, Wolverhampton, Staffordshire WV6 7TZ4
£335K05/210.3 mi9, The Pastures, Perton, Wolverhampton, Staffordshire WV6 7UJ4
£350K09/210.3 mi6, The Pastures, Perton, Wolverhampton, Staffordshire WV6 7UJ4
£229K01/230.34 mi3, Melrose Drive, Wolverhampton, Staffordshire WV6 7XH4
£640K02/210.35 miThe Meads, Pattingham Road, Wolverhampton, West Midlands WV6 8DD4
£315K06/210.41 mi11, Roundway Down, Wolverhampton, Staffordshire WV6 7SX4
£492.5K01/240.43 mi44, Lytham Road, Perton, Wolverhampton, Staffordshire WV6 7YY4
£384K06/230.43 mi11, Lytham Road, Perton, Wolverhampton, Staffordshire WV6 7YY4
£224K02/210.45 mi7, Naseby Road, Wolverhampton, Staffordshire WV6 7SL4
£325K12/200.46 mi4, The Belfry, Perton, Wolverhampton, Staffordshire WV6 7YX4
£650K03/210.52 miAmber Verde, Pattingham Road, Perton, Wolverhampton, Staffordshire WV6 7HD4
£465K08/230.53 mi10, Berkeley Close, Wolverhampton, Staffordshire WV6 7RX4
£635K01/210.53 miWhiteoaks, 60, Perton Road, Wolverhampton, West Midlands WV6 8DJ4
£285K10/230.54 mi3, Livingstone Avenue, Perton, Wolverhampton, Staffordshire WV6 7TF4
£290K11/200.57 mi25, Richmond Drive, Perton, Wolverhampton, Staffordshire WV6 7RR4
£490K06/230.62 mi10, Quail Green, Wolverhampton, West Midlands WV6 8DF4
£465.5K03/210.62 mi9a, Quail Green, Wolverhampton, West Midlands WV6 8DF4
£535K09/210.62 mi31, Quail Green, Wolverhampton, West Midlands WV6 8DF4
£250K02/210.62 mi28, Quail Green, Wolverhampton, West Midlands WV6 8DF4
£515K01/230.64 mi15, Perton Brook Vale, Wolverhampton, West Midlands WV6 8DS4
£265K11/200.66 mi21, Tintagel Close, Wolverhampton, Staffordshire WV6 7RG4
£485K01/210.68 mi16, Wightwick Hall Road, Wolverhampton, West Midlands WV6 8BX4
£260K06/230.69 mi16, Harald Close, Perton, Wolverhampton, Staffordshire WV6 7NJ4
£360K11/200.7 mi6, Turnberry Close, Wolverhampton, Staffordshire WV6 7RE4
£454.6K08/230.7 mi2, Turnberry Close, Wolverhampton, Staffordshire WV6 7RE4
£376K09/230.73 mi19, St Mawes Road, Perton, Wolverhampton, Staffordshire WV6 7UN4
£272K04/210.73 mi28, St Mawes Road, Perton, Wolverhampton, Staffordshire WV6 7UN4
£360K06/210.73 mi3, Wentworth Grove, Perton, Wolverhampton, Staffordshire WV6 7RD4
£378K06/210.73 mi18, Wentworth Grove, Perton, Wolverhampton, Staffordshire WV6 7RD4
£390K11/200.73 mi38, Wentworth Grove, Perton, Wolverhampton, Staffordshire WV6 7RD4
£279.9K10/210.74 mi7, Tutbury Avenue, Perton, Wolverhampton, Staffordshire WV6 7UR4
£475K09/210.74 mi3, The Heronry, Wolverhampton, West Midlands WV6 8DY4
£505K12/200.75 mi10, The Highfields, Wolverhampton, West Midlands WV6 8DW4
£430K04/210.76 mi75, Sabrina Road, Wolverhampton, West Midlands WV6 8BP4
£270K05/210.76 mi106, Richmond Drive, Perton, Wolverhampton, Staffordshire WV6 7UQ4
£327K09/210.78 mi5, Piper Close, Perton, Wolverhampton, Staffordshire WV6 7NS4
£287K08/230.8 mi25, Sutherland Grove, Perton, Wolverhampton, Staffordshire WV6 7PA4
£430K08/210.81 mi15, Collett Road, Perton, Wolverhampton, Staffordshire WV6 7YE4
£349.9K03/210.83 mi20, Goodrich Avenue, Perton, Wolverhampton, Staffordshire WV6 7UL4
£510K02/230.83 mi22, Sabrina Road, Wolverhampton, West Midlands WV6 8BP4
£270K01/240.84 mi5, Edward Road, Perton, Wolverhampton, Staffordshire WV6 7NA4
£420K04/230.85 mi1, Brunel Grove, Perton, Wolverhampton, Staffordshire WV6 7YD4
£445K04/230.88 mi47, Gainsborough Drive, Wolverhampton, Staffordshire WV6 7NR4

Local Rents

10 rents from £995/mo to £4K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.26 miThe Windrow, Perton, Wolverhampton, Staffordshire, WV63
£1,25010/240.28 mi-3
£1,65012/240.36 miSutton Farm Barns, Claverley3
£1,79512/240.42 miLytham Road, Perton4
£2,75012/240.46 miPerton Road, Wightwick, Wolverhampton4
£3,99512/240.55 miTinacre Hill, Wightwick, Wolverhampton6
£99512/240.59 miBrowning Grove, Perton, WOLVERHAMPTON3
£3,99512/240.59 miThe New House, Tinacre Hill, Wightwick6
£1,99512/240.61 miSouthcliffe, Pattingham Road4
£2,65012/240.61 miApsley House, Quail Green, Wightwick5

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

2.01 miles away

Nearest school

0.50 miles away

Nearest train station

2.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £455,000

March 4, 2025

Listed for £465,000

January 16, 2025

Floor Plans

Description

  • No upward chain +
  • Four bedrooms +
  • Living room, dining room and a further reception room +
  • En-suite and family bathroom +
  • Utility +
  • Sought after location within walking distance to Perton Centre and its amenities +
  • South facing rear garden with views of the field beyond +
  • Guest WC +
  • Conservatory +

Introducing Georgia, an impressive detached family home built in 1979 and was the original show home for the Perton development. Offered for sale with no upward chain.

Boasting 3 reception rooms, this spacious property also consists of a sizeable kitchen, utility, conservatory, four bedrooms with an en-suite off bedroom one, family bathroom, guest WC and an office space. The property benefits from double glazing throughout, a driveway for off road parking and stunning views to the rear.

Modernisation is required throughout but this property has the potential to be an incredible family home.

Location - The property is situated off Hawksmoor Drive, in a highly sought after location on the Perton development. within walking distance to the lake, nature walks, bus services and the excellent local amenities that Perton centre has to offer including shops, medical centres, petrol station, library, restaurants and schools.

Front - Having a tarmac driveway, an area of lawn, gated side access to the rear of the property and a canopy porch.

Entrance Hall - Having radiator, doors into the kitchen, living room, WC and the cloakroom.

Guest Wc - 2.05 x 1.93 (6'8" x 6'3") - Having lino flooring, obscure window to the front, radiator, WC and wall hung hand washbasin.

Living Room - 5.59 x 3.86 (18'4" x 12'7") - Having carpeted flooring, plain coving to the ceiling, two radiators, window to the front and a marble fireplace. With glass doors leading into the dining room.

Dining Room - 3.86 x 3.04 (12'7" x 9'11") - Having carpeted flooring, plain coving to the ceiling, sliding doors opening onto the rear patio and door leading into the kitchen.

Kitchen - 3.92 x 3.81 (12'10" x 12'5") - Having lino flooring, radiator, under stairs storage, wall, drawer and base units, 1.5 sink, laminate worktops and window to the rear. Benefitting from integrated appliances including electric hob with extractor over, gas oven and grill. With archway into the utility.

Utility - 2.74 x 2.05 (8'11" x 6'8") - Having lino flooring, wall and base units, laminate worktop, circular sink and space and plumbing for washing machine and dishwasher. With door into the reception room.

Reception Room - 5.60 x 5.16 (18'4" x 16'11") - Originally the showroom for the show home, this is a really versatile space. Having a brick fireplace, sliding doors opening onto the front driveway and door into the office space. Could easily be converted into a garage if required.

Office - 2.81 x 2.59 (9'2" x 8'5") - Having a radiator, dual aspect windows and sliding doors opening onto the front driveway.

Landing - Having doors to the four bedrooms. family bathroom and airing cupboard. With loft hatch providing access to the space above.

Bedroom One - 4.87 x 3.86 (15'11" x 12'7") - Having radiator, built in wardrobes with sliding doors, window to the front and door leading into the en-suite.

En-Suite - Having radiator, WC, recess shower enclosure, obscure window to the front and dual hand washbasins set within vanity unit.

Bedroom Two - 4.13 x 3.02 (13'6" x 9'10") - Having radiator, built in wardrobe with sliding doors and window to the front.

Bedroom Three - 3.01 x 2.35 (9'10" x 7'8") - Having radiator, built in wardrobe and window to the rear.

Bedroom Four - 3.01 x 2.20 (9'10" x 7'2") - Having window to the rear.

Family Bathroom - Having a panel bath with mixer tap and shower head, radiator, pedestal hand washbasin, WC, fully tiled walls and obscure window to the rear.

Conservatory - Having tile flooring, ceiling fan with light, dual aspect floor to ceiling windows and French doors opening onto the patio area.

Rear - An enclosed south facing rear garden. Having a lawn with borders, patio area, water source and views over the field beyond.

Council Tax Band E - South Staffs CC - Please note if a property has been improved or extended since it was placed in a Council Tax band, the Valuation Office Agency can’t review the banding to take account of the alterations until it’s sold. Once a sale takes place the banding will be reviewed. As each Council Tax band covers a range of values, the band isn’t always increased following improvements and a sale.

Viewing - By arrangement through Worthington Estates Codsall office .

Tenure - We believe this property to be FREEHOLD. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property.

Services - We are informed by the vendor that all mains services are connected.

Possession - Vacant possession will be given on completion.

Floor Plans - Where shown, the plan is for illustration purposes only and is not to scale.

Fixtures And Fittings - Items of fixtures and fittings not mentioned in these sales particulars are either excluded from the sale or may be available by separate negotiation. Please make enquiries with either the vendor or agents in this regard.

Consumer Protection From Unfair Trading Regulation - We have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to Worthington Estates. We reserve the right to amend these particulars without notice.

Free Market Appraisal - If you are thinking of selling your property, Worthington Estates would be delighted to carry out a free market appraisal of your property without obligation. Please contact us or feel free to pop in and see us.

Agent Details

Worthington Estates Ltd, Wolverhampton

01902 943095

Next Steps?

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