3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV3 9NN, £190,000

Cranmore Road, Off Tettenhall Road, Wolverhampton, WV3 9NN - 8 views - 3 months ago

Auction
Refurb/BRRR
ROI: 4%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£70.1K - £440K
Sold Prices/m²£887/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£174,519

 

 

End Value (After Refurb)

£174,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Refurb Costs

£36,800

Bridging Loan Interest

£4,988

Total Cash In

£97,938

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,375

Mortgage (After Refinance)

£130,781

Mortgage LTV

75%

Cash Left In

£97,938

Equity

£43,594

Rent Range

£1,100 - £2,700

Rent Estimate

£1,164

Running Costs/mo

£798

Cashflow/mo

£366

Cashflow/yr

£4,395

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £70.1K to £440K, average is £175K. £887/m² to £5.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£202K11/230.05 mi16, Cranmore Road, Wolverhampton, West Midlands WV3 9NL3
£325K11/220.08 mi24, Clark Road, Wolverhampton, West Midlands WV3 9NP3
£275K02/210.15 mi19, Marchant Road, Wolverhampton, West Midlands WV3 9QG3
£275K08/230.15 mi3, Marchant Road, Wolverhampton, West Midlands WV3 9QG3
£171.5K02/210.16 mi20, Westland Avenue, Wolverhampton, West Midlands WV3 9NX3
£307K06/230.17 mi12, Westland Avenue, Wolverhampton, West Midlands WV3 9NX3
£190K10/230.19 mi30, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS3
£158K10/230.19 mi28, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS3
£245K07/210.2 mi156, Compton Road, Wolverhampton, West Midlands WV3 9QB3
£207.5K06/210.23 mi59, St Judes Road West, Wolverhampton, West Midlands WV6 0DB3
£165K10/230.23 mi7, Lower Vauxhall, Wolverhampton, West Midlands WV1 4SP3
£97.2K01/210.23 mi44, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX3
£322.5K06/230.28 mi42, Clifford Street, Wolverhampton, West Midlands WV6 0AQ3
£175K09/230.28 mi33, Allen Road, Wolverhampton, West Midlands WV6 0AW3
£152K05/210.29 mi34, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£221K06/230.29 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£190K11/200.29 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£176.5K07/210.29 mi5, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£160K07/210.32 mi4, Clarendon Street, Wolverhampton, West Midlands WV3 9PP3
£210K04/230.33 mi33, Park Road West, Wolverhampton, West Midlands WV1 4PN3
£332K11/230.34 mi15, Pentland Gardens, Wolverhampton, West Midlands WV3 9JY3
£265K06/210.34 mi15, Pentland Gardens, Wolverhampton, West Midlands WV3 9JY3
£440K12/220.37 mi37, Avenue Road, Wolverhampton, West Midlands WV3 9JS3
£171K12/230.38 mi56, Newbridge Street, Wolverhampton, West Midlands WV6 0EQ3
£110K04/210.42 mi30, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£70.1K10/230.42 mi15, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£140K10/230.42 mi30, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£163.5K12/220.43 mi10, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£175K12/220.44 mi3, Coleman Street, Wolverhampton, West Midlands WV6 0RA3
£165K01/210.44 mi7, Glen Court, Wolverhampton, West Midlands WV3 9JW3
£195K11/230.44 mi23, Glen Court, Wolverhampton, West Midlands WV3 9JW3
£168K04/210.45 mi223, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RW3
£415K03/230.45 mi11, Horsehills Drive, Wolverhampton, West Midlands WV3 9JL3
£165K11/200.46 mi6, Oak Street, Wolverhampton, West Midlands WV3 0AD3
£257.5K09/230.47 mi7, Gamesfield Green, Wolverhampton, West Midlands WV3 9RA3
£116K06/210.47 mi103, Court Road, Wolverhampton, West Midlands WV6 0JL3
£165K12/220.47 mi87, Court Road, Wolverhampton, West Midlands WV6 0JL3
£277K10/230.48 mi6, Marlborough Gardens, Wolverhampton, West Midlands WV6 0LU3
£168K12/200.48 mi122, Court Road, Wolverhampton, West Midlands WV6 0JJ3
£173K11/200.48 mi23, Merridale Gardens, Wolverhampton, West Midlands WV3 0UU3
£90K12/200.49 mi20, Gibbs Street, Wolverhampton, West Midlands WV6 0RE3
£172.5K11/210.49 mi7, Kenton Avenue, Wolverhampton, West Midlands WV6 0RG3
£146.5K04/210.49 mi1, Kenton Avenue, Wolverhampton, West Midlands WV6 0RG3
£152K05/210.49 mi71, Oak Street, Wolverhampton, West Midlands WV3 0AH3
£265.5K11/220.5 mi24, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£350K05/230.51 mi21, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£282.5K06/210.51 mi10, Surrey Drive, Wolverhampton, West Midlands WV3 9LW3
£307.5K08/230.51 mi21, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SA3
£150K10/220.52 mi60, Park Road East, Wolverhampton, West Midlands WV1 4QB3
£154K06/210.53 mi31, Reansway Square, Wolverhampton, West Midlands WV6 0EX3

Local Rents

11 rents from £1.1K/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10011/240.27 mi-3
£2,70011/240.33 mi-3
£1,10003/250.33 mi-3
£1,10011/240.43 miMerridale Road, WOLVERHAMPTON3
£1,20004/250.43 mi-3
£1,15004/250.45 mi-3
£1,20011/240.45 miOak Street, Merridale, Wolverhampton, WV33
£1,20011/240.49 mi-3
£1,20001/250.52 mi-3
£1,49512/240.59 miNeuvo Court, Newbridge, Wolverhampton3
£1,35002/240.6 mi-3

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £190,000

February 7, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • CHAIN FREE & AVAILABLE NOW! +
  • A three bedroom extended family property +
  • Lounge, dining room & kitchen +
  • Three well proportioned bedrooms +
  • Driveway & garage +

SUMMARY
"A CHAIN FREE EXTENDED THREE BEDROOM SEMI DETACHED FAMILY PROPERTY WITH A DRIVEWAY & GARAGE"
Comprising entrance hall, lounge, extended dining room, kitchen, three bedrooms, bathroom, garage, large driveway, front & rear gardens.

DESCRIPTION
Connells Wolverhampton bring to the market this CHAIN FREE three bedroom extended family property in a cul-de-sac location. In need of modernisation this property could make a fabulous family home. Viewing is highly recommended to fully understand this property and the works required.

The property comprises of entrance hall, lounge, extended dining room, extended kitchen, three bedrooms and bathroom. Externally there is a garage, driveway, front and rear gardens.

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 
Set to the west of Wolverhampton City Centre just off the Tettenhall Road in choice popular established cul de sac with fantastic local amenities afforded by the city centre. West Park Hospital is approximately 3/4 of a mile away. There are prestigious local schools most noteworthy of which is Wolverhampton Girls High School, St Peters Collegiate Church of England School and close to Wolverhampton Grammar School. There are also a number of restaurants just a stone's throw away

Entrance Hall 
Door to front, stairs to first floor landing, door to lounge.

Lounge 11' x 14' ( 3.35m x 4.27m )
Window to front, blow air heating, door to entrance hall, door to kitchen, door to dining room.

Extended Dining Room 
Window to rear, door to kitchen, door to lounge.

Extended Kitchen 
In need of modernisation. Window to side and rear, a range of wall and base units, doors to various rooms.

First Floor Landing 
Window to side, doors to various rooms.

Bedroom One 10' 2" x 12' 8" ( 3.10m x 3.86m )
Window to front, door to first floor landing.

Bedroom Two 7' 5" x 10' 8" ( 2.26m x 3.25m )
Window to rear, door to first floor landing.

Bedroom Three 6' x 5' 9" ( 1.83m x 1.75m )
Window to front, door to first floor landing.

Bathroom 
Panelled bath, low flush toilet, pedestal sink, door to first floor landing.

Garage 
Up and over door to front, door to rear garden.

Outside Front 
Driveway, lawned area.

Outside Rear 
Enclosed rear garden which is mostly lawned with a range of plants, trees and shrubs.

Agents Note 
Please note this property has blow air heating.

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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