3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV3 0UR, £180,000

Fir Grove, Wolverhampton, West Midlands, WV3 0UR - 3 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~84 m²
+12 photos

ValuationOvervalued

Sold Prices£47K - £350K
Sold Prices/m²£365/m² - £3.9K/m²

 

 

Square Metres

~84.10 m²
Price/m²£2.1K/m²

Value Estimate

£152,730

 

 

End Value (After Refurb)

£148,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£33,278

Bridging Loan Interest

£4,725

Total Cash In

£96,053

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£148,750

Mortgage (After Refinance)

£111,563

Mortgage LTV

75%

Cash Left In

£96,053

Equity

£37,188

Rent Range

£775 - £2,700

Rent Estimate

£1,187

Running Costs/mo

£722

Cashflow/mo

£465

Cashflow/yr

£5,577

ROI

6%

Gross Yield

8%

Local Sold Prices

50 sold prices from £47K to £350K, average is £169.5K. £365/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£150K02/230 mi29, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£149K11/210.01 mi16, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£163K02/230.01 mi14, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£173K11/200.07 mi23, Merridale Gardens, Wolverhampton, West Midlands WV3 0UU3
£152K05/210.09 mi71, Oak Street, Wolverhampton, West Midlands WV3 0AH3
£224K11/220.11 mi133, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7HA3
£165K12/220.12 mi7, Hornbeam Walk, St Marks, Wolverhampton, West Midlands WV3 0XF3
£165K11/200.16 mi6, Oak Street, Wolverhampton, West Midlands WV3 0AD3
£190K01/210.16 mi42, Yew Street, Chapel Ash, Wolverhampton, West Midlands WV3 0DA3
£94.5K12/200.18 mi102, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3
£150K06/210.18 mi124, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3
£153K07/210.19 mi55, Lennox Gardens, Wolverhampton, West Midlands WV3 0RR3
£170K05/230.2 mi63, Kimberley Street, Penn Fields, Wolverhampton, West Midlands WV3 0BP3
£257.5K09/230.2 mi7, Gamesfield Green, Wolverhampton, West Midlands WV3 9RA3
£247K12/220.22 mi20, Yew Street, Chapel Ash, Wolverhampton, West Midlands WV3 0DA3
£307.5K08/230.23 mi21, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SA3
£265.5K11/220.23 mi24, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£350K05/230.23 mi21, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£158.2K10/230.24 mi215, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£110K04/230.24 mi223, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£138.8K06/210.24 mi32, Laburnum Street, Wolverhampton, West Midlands WV3 0BT3
£210K11/230.28 mi72, Jeffcock Road, Wolverhampton, West Midlands WV3 7AA3
£227K12/230.28 mi92, Jeffcock Road, Wolverhampton, West Midlands WV3 7AA3
£190K11/230.3 mi25, Rayleigh Road, Wolverhampton, West Midlands WV3 0AR3
£130K12/220.3 mi100, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£168.9K02/230.3 mi52, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£130K03/210.3 mi16, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£143K04/210.3 mi78, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£47K12/200.31 mi32, Lime Street, Wolverhampton, West Midlands WV3 0EY3
£120K12/230.31 mi14, Aston Street, Wolverhampton, West Midlands WV3 0HY3
£206K01/230.34 mi21, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AN3
£148K11/210.34 mi31, Manlove Street, Wolverhampton, West Midlands WV3 0HG3
£90K09/210.34 mi139, Lime Street, Wolverhampton, West Midlands WV3 0HA3
£152K05/210.34 mi34, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£221K06/230.34 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£190K11/200.34 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£176.5K07/210.34 mi5, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£160K07/210.34 mi4, Clarendon Street, Wolverhampton, West Midlands WV3 9PP3
£245K07/210.35 mi156, Compton Road, Wolverhampton, West Midlands WV3 9QB3
£135K03/230.35 mi11, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ3
£350K11/230.36 mi55, Finchfield Road, Wolverhampton, West Midlands WV3 9LQ3
£190K04/240.36 mi85, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AL3
£97.2K01/210.36 mi44, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX3
£175.5K02/210.37 mi38, Bradmore Road, Wolverhampton, West Midlands WV3 9BH3
£194K10/200.37 miHawverley, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NR3
£190K06/210.37 mi9, Bantock Avenue, Wolverhampton, West Midlands WV3 7AW3
£150K08/210.37 mi13, Bantock Avenue, Wolverhampton, West Midlands WV3 7AW3
£185K04/210.37 mi1, Bantock Avenue, Wolverhampton, West Midlands WV3 7AW3
£307K06/230.38 mi12, Westland Avenue, Wolverhampton, West Midlands WV3 9NX3
£190K10/230.39 mi30, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS3

Local Rents

20 rents from £775/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20011/240.07 mi-3
£1,20011/240.12 miOak Street, Merridale, Wolverhampton, WV33
£1,10011/240.14 miMerridale Road, WOLVERHAMPTON3
£1,29504/250.16 mi-3
£77511/240.2 miKimberley Street, Wolverhampton, WV33
£1,00011/240.24 mi-3
£1,00011/240.24 miMerridale Street West, Wolverhampton, WV33
£85001/250.24 mi-3
£87504/250.27 mi-3
£1,10003/250.32 mi-3
£1,20011/240.33 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/240.33 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/240.34 mi-3
£1,05002/250.35 mi-3
£2,70011/240.35 mi-3
£1,50011/240.36 mi-3
£1,20001/250.4 mi-3
£1,20001/250.4 mi-3
£89511/240.41 miBruford Road, Wolverhampton, WV33
£1,14511/240.61 mi-3

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.76 miles away

Nearest school

0.10 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £180,000

January 23, 2025

Floor Plans

Description

  • Extended three-bedroom terraced property +
  • Spacious lounge with natural light +
  • Utility room for added convenience +
  • Kitchen and dining area combined +
  • Guest WC on the ground floor +
  • Rear slabbed garden for outdoor space +
  • Off-street parking with front drive +
  • Close to schools and amenities +

Welcome to 2 Fir Grove, a charming extended three-bedroom terraced property nestled in the heart of Merridale, Wolverhampton. This inviting home offers a fantastic opportunity for those looking to add their personal touch through modernisation, making it the perfect canvas for families, investors and first-time buyers alike.
As you step into the property, you are greeted by a welcoming porch that leads into a spacious lounge, ideal for relaxing with family or entertaining friends. The natural light flooding through the large window creates a warm and inviting atmosphere. Adjacent to the lounge, the well-designed layout flows into a utility room, providing practicality and additional storage space. The kitchen and dining room are conveniently positioned together, making it easy to prepare meals while enjoying quality time with loved ones. A guest WC on the ground floor adds an element of convenience for both residents and visitors.
Upstairs, you will find three bedrooms, each offering a comfortable retreat after a long day. The family bathroom completes this floor, providing essential amenities for daily living. With the potential to enhance the existing spaces, this home invites you to unleash your creativity and transform it into your dream residence.
Another feature of this property is the rear slabbed garden, offering a private outdoor space perfect for al fresco dining, gardening, or simply unwinding in the fresh air. A storage shed adds functionality, providing ample room for your gardening tools and outdoor equipment. The front drive provides off-street parking, a significant advantage in this friendly neighbourhood.
Located in a vibrant community, Fir Grove enjoys proximity to a range of local amenities, making everyday living convenient and enjoyable. Families will appreciate the selection of reputable schools in the area, including primary and secondary options within a short distance. For those who enjoy dining out, a variety of restaurants and cafes are just a stone's throw away, offering everything from casual dining to special occasion treats.
Transport links are excellent, with nearby bus routes connecting you to Wolverhampton city centre and beyond. For commuters, the M54 and M6 motorways are easily accessible, providing quick routes to Birmingham, Telford, and other major cities. This makes Fir Grove not only an appealing home but also a strategically located property for work and leisure.
This family house represents a unique opportunity to acquire a spacious, well-positioned home that is ripe for modernisation. Its generous living spaces, combined with a delightful garden and convenient location, create a compelling choice for anyone seeking to establish themselves in Merridale. With its potential and accessibility, this property is sure to attract a variety of interested buyers. Don’t miss your chance to view this promising home book a viewing today and imagine the possibilities that await at this fantastic home

Agent Details

Dixons, Wolverhampton

01902 943774

Next Steps?

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