3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV3 0LF, £160,000

Fisher Street, Penn Fields, Wolverhampton, WV3 0LF - 7 views - 2 months ago

Refurb/BRRR

ROI: 5%

~93 m²

+1 photos

ValuationOvervalued

Sold Prices	£47K - £307.5K
Sold Prices/m²	£365/m² - £3K/m²

Square Metres	~93 m²
Price/m²	£1.7K/m²
Value Estimate	£148,515£148,515

End Value (After Refurb)	£153,000£153,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£6,000£6,000
Refurb Costs	£36,800£36,800
Bridging Loan Interest	£4,200£4,200
Total Cash In	£88,750£88,750

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£153,000£153,000
Mortgage (After Refinance)	£114,750£114,750
Mortgage LTV	75%75%
Cash Left In	£88,750£88,750
Equity	£38,250£38,250
Rent Range	£775 - £1,500£775 - £1,500
Rent Estimate	£1,107
Running Costs/mo	£720£720
Cashflow/mo	£387£387
Cashflow/yr	£4,650£4,650
ROI	5%5%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £47K to £307.5K, average is £148.5K. £365/m² to £3K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£82K	04/21	0 mi	16, Fisher Street, Wolverhampton, West Midlands WV3 0LF	-	-	3	Terraced House
£90K	09/21	0.08 mi	139, Lime Street, Wolverhampton, West Midlands WV3 0HA	£1,125	80	3	Terraced House
£135K	03/23	0.1 mi	11, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ	£1,552	87	3	Terraced House
£47K	12/20	0.12 mi	32, Lime Street, Wolverhampton, West Midlands WV3 0EY	£365	129	3	Terraced House
£148K	11/21	0.15 mi	31, Manlove Street, Wolverhampton, West Midlands WV3 0HG	£1,591	93	3	Semi-Detached House
£170K	05/23	0.22 mi	63, Kimberley Street, Penn Fields, Wolverhampton, West Midlands WV3 0BP	£1,889	90	3	Terraced House
£135K	07/23	0.23 mi	44, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HW	£1,776	76	3	Terraced House
£121.5K	01/23	0.25 mi	89, Norfolk Road, Wolverhampton, West Midlands WV3 0HZ	£1,482	82	3	Terraced House
£94.5K	12/20	0.25 mi	102, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ	£1,027	92	3	Terraced House
£150K	06/21	0.25 mi	124, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ	£1,613	93	3	Terraced House
£120K	12/23	0.25 mi	14, Aston Street, Wolverhampton, West Midlands WV3 0HY	£1,600	75	3	Terraced House
£125K	03/21	0.27 mi	13, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HJ	£1,488	84	3	Terraced House
£134K	01/23	0.27 mi	19, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HJ	£1,576	85	3	Terraced House
£138.8K	06/21	0.27 mi	32, Laburnum Street, Wolverhampton, West Midlands WV3 0BT	£2,352	59	3	Terraced House
£158.2K	10/23	0.29 mi	215, Merridale Street West, Wolverhampton, West Midlands WV3 0RP	£1,903	83	3	Terraced House
£110K	04/23	0.29 mi	223, Merridale Street West, Wolverhampton, West Midlands WV3 0RP	-	-	3	Terraced House
£190K	11/23	0.3 mi	25, Rayleigh Road, Wolverhampton, West Midlands WV3 0AR	£1,624	117	3	Semi-Detached House
£158.5K	09/23	0.3 mi	26, Norfolk Road, Wolverhampton, West Midlands WV3 0JA	£1,554	102	3	Semi-Detached House
£153K	07/21	0.3 mi	55, Lennox Gardens, Wolverhampton, West Midlands WV3 0RR	£2,217	69	3	Terraced House
£247K	12/22	0.31 mi	20, Yew Street, Chapel Ash, Wolverhampton, West Midlands WV3 0DA	£3,049	81	3	Detached House
£130K	12/22	0.32 mi	100, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP	£1,547	84	3	Terraced House
£135K	12/20	0.32 mi	3, Claremont Mews, Wolverhampton, West Midlands WV3 0EB	£1,594	85	3	Terraced House
£168.9K	02/23	0.33 mi	52, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP	£1,420	119	3	Terraced House
£130K	03/21	0.33 mi	16, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP	£1,327	98	3	Terraced House
£143K	04/21	0.33 mi	78, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP	£1,607	89	3	Terraced House
£170K	06/21	0.34 mi	33, Bamford Road, Wolverhampton, West Midlands WV3 0AT	-	-	3	Terraced House
£188.5K	09/21	0.35 mi	34, Stanford Road, Wolverhampton, West Midlands WV2 4NF	£2,480	76	3	Semi-Detached House
£190K	01/21	0.36 mi	42, Yew Street, Chapel Ash, Wolverhampton, West Midlands WV3 0DA	-	-	3	Detached House
£122K	11/20	0.37 mi	31, Bruford Road, Wolverhampton, West Midlands WV3 0AY	£1,298	94	3	Terraced House
£127.5K	01/21	0.37 mi	9, Bruford Road, Wolverhampton, West Midlands WV3 0AY	£2,361	54	3	Terraced House
£100K	11/20	0.37 mi	85, Bruford Road, Wolverhampton, West Midlands WV3 0AY	£1,250	80	3	Terraced House
£165K	12/22	0.39 mi	7, Hornbeam Walk, St Marks, Wolverhampton, West Midlands WV3 0XF	-	-	3	Terraced House
£120K	10/20	0.39 mi	16, Hornbeam Walk, St Marks, Wolverhampton, West Midlands WV3 0XF	£1,348	89	3	Terraced House
£124K	06/21	0.39 mi	44, Bruford Road, Wolverhampton, West Midlands WV3 0BA	-	-	3	Terraced House
£110K	01/21	0.39 mi	110, Bruford Road, Wolverhampton, West Midlands WV3 0BA	£1,310	84	3	Terraced House
£150K	09/22	0.41 mi	9, Milford Road, Wolverhampton, West Midlands WV2 4NG	-	-	3	Semi-Detached House
£150K	02/23	0.42 mi	29, Fir Grove, Wolverhampton, West Midlands WV3 0UR	£1,630	92	3	Terraced House
£270K	01/21	0.42 mi	46, Lyndhurst Road, Wolverhampton, West Midlands WV3 0AA	£1,888	143	3	Detached House
£149K	11/21	0.43 mi	16, Fir Grove, Wolverhampton, West Midlands WV3 0UR	-	-	3	Terraced House
£163K	02/23	0.43 mi	14, Fir Grove, Wolverhampton, West Midlands WV3 0UR	-	-	3	Terraced House
£135K	04/23	0.43 mi	114, Lea Road, Wolverhampton, West Midlands WV3 0LJ	-	-	3	Semi-Detached House
£135K	10/20	0.43 mi	110, Lea Road, Penn Fields, Wolverhampton, West Midlands WV3 0LJ	£1,364	99	3	Semi-Detached House
£307.5K	08/23	0.43 mi	21, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SA	-	-	3	Semi-Detached House
£152K	05/21	0.44 mi	71, Oak Street, Wolverhampton, West Midlands WV3 0AH	£1,988	76	3	Detached House
£155K	02/23	0.45 mi	82c, Lea Road, Wolverhampton, West Midlands WV3 0LN	£1,824	85	3	Semi-Detached House
£182K	02/21	0.46 mi	167, Jeffcock Road, Wolverhampton, West Midlands WV3 7AQ	£1,556	117	3	Semi-Detached House
£173K	11/20	0.46 mi	23, Merridale Gardens, Wolverhampton, West Midlands WV3 0UU	£2,163	80	3	Semi-Detached House
£248K	01/23	0.46 mi	9, Selwyn Close, Wolverhampton, West Midlands WV2 4NQ	-	-	3	Semi-Detached House
£170K	12/20	0.46 mi	226, Jeffcock Road, Wolverhampton, West Midlands WV3 7AH	£1,932	88	3	Semi-Detached House
£165K	11/20	0.46 mi	6, Oak Street, Wolverhampton, West Midlands WV3 0AD	£1,897	87	3	Terraced House

Local Rents

20 rents from £775/mo to £1.5K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	11/24	0.11 mi	Merridale Street West, Wolverhampton, West Midlands, WV3	3	Terraced House
£1,200	11/24	0.11 mi	Merridale Street West, Wolverhampton, West Midlands, WV3	3	Terraced House
£875	04/25	0.15 mi	-	3	Terraced House
£775	11/24	0.22 mi	Kimberley Street, Wolverhampton, WV3	3	Terraced House
£1,295	04/25	0.26 mi	-	3	Terraced House
£1,145	11/24	0.28 mi	-	3	Semi-Detached House
£1,000	11/24	0.28 mi	Merridale Street West, Wolverhampton, WV3	3	Terraced House
£1,000	11/24	0.28 mi	-	3	Terraced House
£850	01/25	0.29 mi	-	3	Terraced House
£1,050	02/25	0.3 mi	-	3	Semi-Detached House
£1,050	11/24	0.35 mi	Stanford Road, Wolverhampton, West Midlands, WV2	3	Detached House
£895	11/24	0.37 mi	Bruford Road, Wolverhampton, WV3	3	Terraced House
£1,200	11/24	0.44 mi	-	3	Detached House
£1,200	11/24	0.48 mi	Oak Street, Merridale, Wolverhampton, WV3	3	Detached House
£1,500	11/24	0.49 mi	-	3	Semi-Detached House
£1,200	01/25	0.5 mi	-	3	Terraced House
£1,200	01/25	0.5 mi	-	3	Terraced House
£1,200	11/24	0.5 mi	-	3	Semi-Detached House
£1,100	11/24	0.56 mi	Merridale Road, WOLVERHAMPTON	3	Flat
£1,100	03/25	0.62 mi	-	3	Terraced House

Local Area Statistics

Population in WV3	29,66329,663
Population in Wolverhampton	260,353260,353
Town centre distance	1.17 miles away1.17 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.73 miles away0.73 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £160,000

February 6, 2025

Description

End Terrace Property +
No Chain +
Modernisation Required +
Conveniently Located For All Amenities And Wolverhampton City Centre. +
Three Bedrooms +
Ground Floor Bathroom +
Off Road Parking +
Freehold +
Council Tax Band A +

This end terraced property although in need of refurbishment offers ideal family accommodation at a very affordable price. It occupies a spacious corner plot and is conveniently situated for all local amenities, Wolverhampton city centre and public transport links. The property briefly comprises, lounge, sitting room, dining area, kitchen, ground floor bathroom, cellar and three first floor bedrooms.

Agent Details

Oliver Ling, Wednesfield

01902 953431

Next Steps?

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

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