3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV11 3EU, £160,000

Hyde Road, Wednesfield, Wolverhampton, WV11 3EU - 1 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 4%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£135K - £280K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£161,600

 

 

End Value (After Refurb)

£209,163

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£36,800

Bridging Loan Interest

£4,200

Total Cash In

£88,750

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£209,163

Mortgage (After Refinance)

£156,872

Mortgage LTV

75%

Cash Released

£36,872

Cash Left In

£51,878

Equity

£52,291

Rent Range

£975 - £1,600

Rent Estimate

£1,214

Running Costs/mo

£916

Cashflow/mo

£298

Cashflow/yr

£3,571

ROI

4%

Gross Yield

9%

Local Sold Prices

51 sold prices from £135K to £280K, average is £195K. £1.7K/m² to £4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£168K09/220 mi47, Hyde Road, Wolverhampton, West Midlands WV11 3EU3
£150K10/230.12 mi18, Dudley Crescent, Wolverhampton, West Midlands WV11 3BY3
£152K05/210.12 mi11, Broomhall Avenue, Wolverhampton, West Midlands WV11 3EY3
£200K12/230.12 mi8, Broomhall Avenue, Wolverhampton, West Midlands WV11 3EY3
£170K03/210.13 mi21, Wem Gardens, Wolverhampton, West Midlands WV11 3HU3
£170K10/220.14 mi24, Day Avenue, Wolverhampton, West Midlands WV11 3BZ3
£180K03/210.14 mi64, Mattox Road, Wolverhampton, West Midlands WV11 3TQ3
£235K03/210.16 mi101, Lichfield Road, Wolverhampton, West Midlands WV11 3HS3
£197K12/230.16 mi111, Lichfield Road, Wolverhampton, West Midlands WV11 3HS3
£220K03/210.16 mi179, Lichfield Road, Wolverhampton, West Midlands WV11 3HX3
£175K11/210.16 mi177, Lichfield Road, Wolverhampton, West Midlands WV11 3HX3
£140K03/210.16 mi47, Pritchard Avenue, Wolverhampton, West Midlands WV11 3BW3
£245K09/210.16 mi33, Pritchard Avenue, Wolverhampton, West Midlands WV11 3BW3
£221K08/230.16 mi21, Pritchard Avenue, Wolverhampton, West Midlands WV11 3BW3
£155K10/210.17 mi35, Mattox Road, Wolverhampton, West Midlands WV11 3TG3
£180K02/210.24 mi113, Springhill Road, Wednesfield, Wolverhampton, West Midlands WV11 3AQ3
£222.5K11/230.25 mi23, Olinthus Avenue, Wolverhampton, West Midlands WV11 3DG3
£195K02/210.25 mi51, Springhill Road, Wednesfield, Wolverhampton, West Midlands WV11 3AF3
£227K08/230.25 mi5, Wollaston Crescent, Wolverhampton, West Midlands WV11 1NP3
£190K09/230.26 mi6, Carol Crescent, Wolverhampton, West Midlands WV11 3JF3
£240K10/230.26 mi10, Jennie Lee Avenue, Wolverhampton, West Midlands WV11 3LZ3
£250K05/230.26 mi10, Thomas Mason Close, Wolverhampton, West Midlands WV11 3AB3
£240K10/230.26 mi20, Thomas Mason Close, Wolverhampton, West Midlands WV11 3AB3
£151K04/210.28 mi26, Wootton Avenue, Wednesfield, Wolverhampton, West Midlands WV11 3AD3
£195K11/200.28 mi7, Sheila Avenue, Wednesfield, Wolverhampton, West Midlands WV11 3AJ3
£168K03/210.28 mi17, Sheila Avenue, Wednesfield, Wolverhampton, West Midlands WV11 3AJ3
£220K03/210.28 mi1, Sheila Avenue, Wolverhampton, West Midlands WV11 3AJ3
£220K10/230.29 mi15, Asheridge Close, Wednesfield, Wolverhampton, West Midlands WV11 3JA3
£144K11/200.29 mi182, Wood End Road, Wednesfield, Wolverhampton, West Midlands WV11 1YJ3
£235K11/200.29 mi168, Wood End Road, Wednesfield, Wolverhampton, West Midlands WV11 1YJ3
£235K04/230.29 mi203, Wood End Road, Wednesfield, Wolverhampton, West Midlands WV11 1YJ3
£200K12/230.3 mi4, Hopton Crescent, Wolverhampton, West Midlands WV11 3JQ3
£157K11/200.33 mi46, Olinthus Avenue, Wolverhampton, West Midlands WV11 3DH3
£181K04/210.34 mi180, Springhill Road, Wednesfield, Wolverhampton, West Midlands WV11 3AL3
£191K11/200.35 mi30, Duckhouse Road, Wolverhampton, West Midlands WV11 3AE3
£195K12/210.35 mi26, Duckhouse Road, Wolverhampton, West Midlands WV11 3AE3
£175K02/210.35 mi11, Sudbury Close, Wolverhampton, West Midlands WV11 3AR3
£280K02/240.35 mi70, Springhill Road, Wednesfield, Wolverhampton, West Midlands WV11 3AW3
£145K05/210.36 mi388, Lichfield Road, Wolverhampton, West Midlands WV11 3EJ3
£270K09/230.37 mi39, Amos Lane, Wednesfield, Wolverhampton, West Midlands WV11 1NQ3
£135K02/210.37 mi45, Prestwood Avenue, Wolverhampton, West Midlands WV11 3TY3
£200K03/210.37 mi50, Prestwood Avenue, Wolverhampton, West Midlands WV11 3TY3
£186K05/210.38 mi59, Prestwood Avenue, Wolverhampton, West Midlands WV11 3TY3
£216.5K06/210.38 mi15, Thistle Croft, Wednesfield, Wolverhampton, West Midlands WV11 3XD3
£153K11/200.38 mi8, Duke Street, Wednesfield, Wolverhampton, West Midlands WV11 1TG3
£210K07/230.38 mi10, Duke Street, Wednesfield, Wolverhampton, West Midlands WV11 1TG3
£225.1K08/230.39 mi28, Orchard Road, Wednesfield, Wolverhampton, West Midlands WV11 1LU3
£225.1K08/230.39 mi28, Orchard Road, Wednesfield, Wolverhampton, West Midlands WV11 1LU3
£253K02/230.39 mi25, Spondon Road, Wolverhampton, West Midlands WV11 3AP3
£185K11/210.4 mi232, Wood End Road, Wednesfield, Wolverhampton, West Midlands WV11 1YQ3
£177.5K03/210.4 mi7, Raymond Gardens, Wolverhampton, West Midlands WV11 3JJ3

Local Rents

14 rents from £975/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,60004/250.35 mi-3
£1,09511/240.37 miPrestwood Avenue, Wednesfield, Wolverhampton3
£1,20001/250.4 mi-3
£1,20001/250.4 mi-3
£1,20002/240.4 mi-3
£1,10002/250.44 mi-3
£97511/240.46 miOrchard Road, Wednesfield3
£1,15011/240.47 mi-3
£1,10002/250.49 mi-3
£1,25011/240.55 miMarch End Road, WOLVERHAMPTON3
£1,40011/240.6 mi114 Amos Lane, Wolverhampton3
£1,40002/240.6 mi-3
£1,25012/240.6 mi-3
£1,25002/250.6 mi-3

Local Area Statistics

Population in WV11

34,832

Population in Wolverhampton

260,353

Town centre distance

3.91 miles away

Nearest school

0.20 miles away

Nearest train station

2.29 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £160,000

January 22, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • A TRADITIONAL SEMI DETACHED HOME +
  • Refurbishment required - offers great potential +
  • Three bedrooms & bathroom +
  • Lounge with separate dining room/sitting room +
  • Kitchen & ground floor guest wc +

SUMMARY
"A CHAIN FREE REFURBISHMENT PROJECT SITUATED ON THE EVER POPULAR HYDE ROAD CONVENIENTLY LOCATED FOR WEDNESFIELD & NEW CROSS SHOPPING CENTRE"
Comprising ample off road park, large rear garden with outbuildings, garage, lounge, dining/sitting room, kitchen, ground floor wc, three bedrooms & bathroom.

DESCRIPTION
Here is your chance to purchase a CHAIN FREE traditional semi detached home situated on the ever popular Hyde Road. This property does require full remodernisation and offers fantastic potential for a family home. For further details please contact the Award Winning Connells Wolverhampton.

Externally this home has ample off road parking, large rear garden with outbuildings and garage to side. Internally there is an entrance hall, ground floor guest wc with adjoining storage area, kitchen, lounge, dining room/sitting room, three bedrooms and fitted bathroom.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

The Location & Area 
Situated on the popular Hyde Road which links to the Lichfield Road with further links to Wednesfield and Bentley Bridge retail park. New Cross hospital, popular schooling, doctors, dentists and public houses are also within close proximity.

Entrance Porch 
Door to front access, door to hall.

Entrance Hall 
Door to porch, stairs to landing, central heating radiator, storage cupboard, doors to various rooms.

Lounge 11' 9" x 10' 2" into recess ( 3.58m x 3.10m into recess )
Double glazed patio doors to rear, gas fire, central heating radiator, door to entrance hall.

Dining Room/ Sitting Room 14' 1" into bay x 10' 2" ( 4.29m into bay x 3.10m )
Double glazed bay window to front, gas fire, door to entrance hall.

Kitchen 8' x 5' 8" ( 2.44m x 1.73m )
Double glazed window to side, base units, single drainer sink, central heating radiator, door to rear entrance, opening to hall.

Rear Entrance 
Door to rear garden, door to kitchen, door to storage cupboard, door to ground floor wc.

Ground Floor Wc 
Low flush toilet, door to rear entrance.

Storage Cupboard 
Situated to the rear. Door to rear entrance.

First Floor Landing 
Double glazed window to side, loft access, stairs to ground floor, doors to various rooms.

Bedroom One 14' 7" into bay x 10' 2" ( 4.45m into bay x 3.10m )
Double glazed bay window to front, central heating radiator, door to first floor landing.

Bedroom Two 11' 9" x 10' 4" into recess ( 3.58m x 3.15m into recess )
Double glazed window to rear, central heating radiator, door to first floor landing.

Bedroom Three 7' x 5' 8" ( 2.13m x 1.73m )
Double glazed window to front, central heating radiator, door to first floor landing.

Family Bathroom 
Double glazed window to rear, low flush toilet, wall mounted wash basin, bath, shower, central heating radiator, wall mounted boiler, door to first floor landing. Refurbishment is required.

Outside Front 
Off road parking to front, lawned area, access to rear garden.

Outside Rear 
Large rear garden with a selection of trees, plants and shrubs, access to side.

Outside Store 
Door to side, window to rear.

Outbuildings 
Situated to the rear, Brick built outbuilding that requires remodernisation and offers fantastic potential.

Detached Garage 
Situated to the rear. Updating is required.

Agents Note 
The sale of this Property is subject to Grant of Probate. Please seek an update from the Branch with regards to the potential timeframes involved.

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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