2 Bed Terraced House, Single Let, Wolverhampton, WV6 0NP, £80,000

Austin Street, Dunstall Hill, WV6 0NP - 1 views - 3 months ago

Sold STC
Auction
BTL
ROI: 13%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£66.1K - £265K
Sold Prices/m²£642/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£96,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£650

Running Costs/mo

£400

Cashflow/mo

£250

Cashflow/yr

£3,000

ROI

13%

Gross Yield

10%

Local Sold Prices

51 sold prices from £66.1K to £265K, average is £136K. £642/m² to £4.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£96K04/210.02 mi64, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£91K10/210.02 mi54, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£120K11/230.02 mi68, Jameson Street, Wolverhampton, West Midlands WV6 0NS2
£107.5K09/230.05 mi45, Jameson Street, Wolverhampton, West Midlands WV6 0NT2
£70K07/210.16 mi33, Gorsebrook Road, Wolverhampton, West Midlands WV6 0PD2
£94K12/200.22 mi15, Mostyn Street, Wolverhampton, West Midlands WV1 4RR2
£128K02/230.22 mi15, Mostyn Street, Wolverhampton, West Midlands WV1 4RR2
£80K02/210.24 mi11, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£85K03/210.24 mi67, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£112K02/230.24 mi25, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£126.5K11/230.24 mi33, Leicester Street, Wolverhampton, West Midlands WV6 0PR2
£144K10/210.33 mi10, Marksbury Close, Wolverhampton, West Midlands WV6 0XD2
£172K11/230.34 mi50, Festival Way, Wolverhampton, West Midlands WV6 0UP2
£172K11/230.34 mi50, Festival Way, Wolverhampton, West Midlands WV6 0UP2
£140K03/210.35 mi10, Shetland Close, Wolverhampton, West Midlands WV6 0UY2
£125K04/210.35 mi15, Haydock Close, Wolverhampton, West Midlands WV6 0UN2
£164K08/210.38 mi1, Dales Close, Wolverhampton, West Midlands WV6 0WY2
£137K12/200.38 mi15, Viaduct Drive, Wolverhampton, West Midlands WV6 0UX2
£150K05/230.38 mi47, Viaduct Drive, Wolverhampton, West Midlands WV6 0UX2
£144K05/240.38 mi21, Viaduct Drive, Wolverhampton, West Midlands WV6 0UX2
£140K07/230.41 mi19, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£130K07/230.41 mi43, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£151.5K10/230.44 mi14, Jones Road, Wolverhampton, West Midlands WV10 6JQ2
£135K12/220.45 mi309, Hordern Road, Wolverhampton, West Midlands WV6 0HE2
£130K07/210.46 mi280, Hordern Road, Wolverhampton, West Midlands WV6 0HE2
£136K11/230.48 mi15, South Street, Wolverhampton, West Midlands WV10 6JH2
£145K08/210.49 mi17, The Downs, Wolverhampton, West Midlands WV10 6JA2
£145K02/230.49 mi15, The Downs, Wolverhampton, West Midlands WV10 6JA2
£117.5K03/210.5 mi32, Roxby Gardens, Wolverhampton, West Midlands WV6 0TL2
£167.5K02/230.58 mi9, Snowdon Way, Wolverhampton, West Midlands WV10 6JZ2
£170K10/230.58 mi12, Snowdon Way, Wolverhampton, West Midlands WV10 6JZ2
£160K02/230.61 mi68, Hordern Road, Wolverhampton, West Midlands WV6 0HJ2
£80K02/210.67 mi61, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£108K07/210.67 mi25, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£100K10/210.67 mi1, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£120K03/230.67 mi21, Smestow Street, Wolverhampton, West Midlands WV10 9AB2
£124K10/200.68 mi8, Newbridge Street, Wolverhampton, West Midlands WV6 0EE2
£135K03/230.71 mi111, Court Road, Wolverhampton, West Midlands WV6 0JL2
£72K05/210.74 mi61, Bushbury Lane, Wolverhampton, West Midlands WV10 9TN2
£66.1K02/240.74 mi49, Bushbury Lane, Wolverhampton, West Midlands WV10 9TN2
£150K05/240.74 mi7, Bushbury Lane, Wolverhampton, West Midlands WV10 9TN2
£118K02/230.77 mi6, Colaton Close, Wolverhampton, West Midlands WV10 9BB2
£209.9K09/230.78 mi193, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RW2
£227.5K01/230.79 mi8, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX2
£233K04/240.81 mi6, Wheaton Close, Wolverhampton, West Midlands WV10 6DJ2
£200K12/230.81 mi3, Wheaton Close, Wolverhampton, West Midlands WV10 6DJ2
£235K12/220.83 mi12, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS2
£200K11/200.83 mi22, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£247K12/220.83 mi20, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£180K11/200.85 mi11, Cranmore Road, Wolverhampton, West Midlands WV3 9NL2
£265K07/230.86 mi25, Compton Road, Wolverhampton, West Midlands WV3 9QP2

Local Rents

50 rents from £750/mo to £4K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,00010/240.05 mi-2
£80012/240.17 miLeicester street,Wolverhampton2
£89512/240.21 mi-2
£90012/240.36 mi-2
£75012/240.38 mi-2
£1,15011/240.43 miPark Road West, West Park2
£90004/250.44 mi-2
£89511/240.49 miThe Downs, Oxley, Wolverhampton, WV102
£90012/240.67 mi-2
£1,15011/240.73 mi-2
£85012/240.75 miSlade Hill, Wolverhampton2
£80012/240.75 miSlade Hill, Wolverhampton2
£80012/240.75 miSlade Hll, Wolverhampton2
£92511/240.76 miHaden Hill, Wolverhampton2
£4,00011/240.77 mi-2
£4,00011/240.77 mi-2
£79511/240.77 mi-2
£79511/240.77 miTettenhall Road, Wolverhampton, West Midlands2
£79512/240.79 miTettenhall Road, Wolverhampton2
£1,23804/250.79 mi-2
£85011/240.8 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£4,00011/240.8 mi-2
£1,35011/240.8 mi-2
£1,35002/240.8 mi-2
£82511/240.81 miTettenhall Gate, Haden Hill, Wolverhampton2
£80011/240.82 miHaden Hill, Wolverhampton2
£99511/240.82 miHaden Hill, Wolverhampton2
£87511/240.82 miHaden Hill, WOLVERHAMPTON2
£1,50011/240.85 mi-2
£1,10012/240.85 mi-2
£1,10001/250.85 mi-2
£1,20011/240.86 mi-2
£95001/250.87 mi-2
£95012/240.87 mi-2
£1,50012/240.87 mi11 Beacon House, Tettenhall Road, Newbridge2
£97511/240.88 miChapel Ash, Wolverhampton, West Midlands, WV32
£96511/240.88 mi33 Princess Street, Wolverhampton2
£1,59011/240.88 mi-2
£1,25004/250.88 mi-2
£97511/240.89 miMerridale Road, Wolverhampton, West Midlands, WV32
£1,30003/250.89 mi-2
£89504/250.9 mi-2
£85012/240.91 mi-2
£87512/240.91 mi-2
£85011/240.91 miLangsett Road, Wolverhampton, West Midlands, WV102
£87511/240.92 miHumphries Road, Wolverhampton, West Midlands, WV102
£85002/250.94 mi-2
£90012/240.94 mi-2
£85012/240.94 mi-2
£89510/240.94 mi-2

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

1.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £80,000

January 23, 2025

Description

  • Rear Garden +
  • Investment Property +
  • View more: underthehammer.com +

For Sale by under the hammer online auction. Thursday 20th - Thursday 20th February 2025 - Head over to our website to download the legal pack, register to bid and see more information. A freehold two bedroom investment property situated in a residential area within Wolverhampton  The current rental income is £650 pcm (£7,800 pa) with scope to increase  The property has an entrance hallway, two reception rooms, kitchen, two generously sized bedrooms and a family bathroom.  Externally the property benefits from a turfed rear garden as well as on road parking to the front. The property could be suitable for a multitude of possible extensions to the rear. (Subject to Planning). The property is located within Wolverhampton having excellent access to the M6 Motorway with access to Wolverhampton City Centre in close proximity. The property has ample schools, amenities and transport links close by and is occupied by families. An ideal investment or family home.  Block viewings are available on this property, ensure you've confirmed your attendance on our website before arriving. VIEWING DAYS & TIME Tuesday 28th January 2025: 10am Saturday 1st February 2025: 11am Here's what to do next

  • Visit - Our website and view the auction terms.
  • View - Book a viewing directly through our website.
  • Register - Get registered prior to the auction opening date.
  • Legal Pack - Download and view the legal pack to find out all the relevant information.
  • Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
  • Bidding - Everything is completed online through the website and the intuitive bidding controls. If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website

Agent Details

Under The Hammer, Birmingham

03455 120115

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪