3 Bed Detached House, Refurb/BRRR, Wolverhampton, WV6 8AP, £279,500

Tyrley Close, Compton, Wolverhampton WV6 8AP - 2 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£140K - £535K
Sold Prices/m²£1.6K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£250,491

 

 

End Value (After Refurb)

£271,705

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£69,875

Stamp Duty & Legal Fees

£11,060

Refurb Costs

£36,550

Bridging Loan Interest

£7,337

Total Cash In

£126,572

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£271,705

Mortgage (After Refinance)

£203,779

Mortgage LTV

75%

Cash Left In

£126,572

Equity

£67,926

Rent Range

£1,000 - £1,495

Rent Estimate

£1,204

Running Costs/mo

£1,110

Cashflow/mo

£94

Cashflow/yr

£1,129

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £140K to £535K, average is £252.5K. £1.6K/m² to £5.7K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£219.9K02/210.06 mi25, Martham Drive, Wolverhampton, West Midlands WV6 8AL3
£245K10/230.06 mi33, Martham Drive, Wolverhampton, West Midlands WV6 8AL3
£300K02/230.06 mi47, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AW3
£280K08/230.07 mi63, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AT3
£310K12/230.07 mi55, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AT3
£332.5K08/230.09 mi23, Cherrington Gardens, Wolverhampton, West Midlands WV6 8AJ3
£269.9K02/210.09 mi46, Cherrington Gardens, Wolverhampton, West Midlands WV6 8AJ3
£285K11/200.14 mi33, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AN3
£210K03/210.14 mi84, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AG3
£255K11/200.14 mi78, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AG3
£475K03/230.15 mi8, Grove Lane, Wolverhampton, West Midlands WV6 8NJ3
£352.5K07/230.19 mi9, Church Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8LJ3
£340K01/230.19 mi5, Church Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8LJ3
£280K04/210.2 mi5, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HU3
£250K03/210.25 mi29, Henwood Road, Wolverhampton, West Midlands WV6 8PQ3
£287.5K12/220.29 mi17, Westhill, Wolverhampton, West Midlands WV3 9HL3
£220.2K04/210.29 mi20, Westhill, Wolverhampton, West Midlands WV3 9HL3
£410K03/230.29 mi29, Torvale Road, Wolverhampton, West Midlands WV6 8NL3
£320.5K03/240.3 mi148, Bridgnorth Road, Wolverhampton, West Midlands WV6 8BE3
£359.9K11/200.3 miMill Cottage, Bridgnorth Road, Wightwick, Wolverhampton, West Midlands WV6 8BD3
£460K06/230.33 mi10, Foley Avenue, Tettenhall, Wolverhampton, West Midlands WV6 8LT3
£232K02/230.34 mi23, Westacre Crescent, Finchfield, Wolverhampton, West Midlands WV3 9AJ3
£192K03/210.34 mi47, Westacre Crescent, Finchfield, Wolverhampton, West Midlands WV3 9AX3
£230K05/240.34 mi11, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£169.9K11/200.34 mi11, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£168K11/200.34 mi31, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£219K10/230.34 mi47, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£210.3K12/220.34 mi45, Broadway, Finchfield, Wolverhampton, West Midlands WV3 9HG3
£425K11/200.37 mi1, Dippons Mill Close, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HH3
£345K01/210.38 mi74, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HQ3
£399.9K04/230.38 mi56, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HQ3
£214.9K03/210.4 mi59, Long Lake Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EY3
£320K11/200.41 miWoodland Cottage, Finchfield Hill, Wolverhampton, West Midlands WV3 9HF3
£182K04/210.41 mi75, The Crescent, Wolverhampton, West Midlands WV6 8LB3
£535K10/230.42 mi53, Mill Lane, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HD3
£210K12/220.42 mi13, White Oak Drive, Wolverhampton, West Midlands WV3 9AQ3
£203K02/230.42 mi4, Kemberton Close, Finchfield, Wolverhampton, West Midlands WV3 9AU3
£318K12/200.42 mi1, Compton Hill Drive, Wolverhampton, West Midlands WV3 9DL3
£180K04/210.43 mi2, Kemberton Close, Finchfield, Wolverhampton, West Midlands WV3 9AU3
£365K02/210.43 mi17, The Parklands, Wolverhampton, West Midlands WV3 9DG3
£279.9K05/230.44 mi36, Long Lake Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EX3
£140K01/210.44 mi36, Long Lake Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EX3
£215K06/210.44 mi28, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ER3
£191K01/210.44 mi32, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ER3
£188K02/230.46 mi30, White Oak Drive, Wolverhampton, West Midlands WV3 9AW3
£185K06/210.46 mi100, Westacre Crescent, Finchfield, Wolverhampton, West Midlands WV3 9AY3
£190K03/210.47 mi13, The Crescent, Wolverhampton, West Midlands WV6 8LA3
£154.9K11/200.47 mi27, White Oak Drive, Wolverhampton, West Midlands WV3 9AQ3
£173K03/210.47 mi65, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EP3
£280K04/230.47 mi67, School Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8EP3

Local Rents

11 rents from £1K/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15012/240 miTyrley Close, Compton3
£1,15012/240.01 mi-3
£1,20012/240.06 mi-3
£1,20002/250.06 mi-3
£1,20004/250.06 mi-3
£1,35012/240.09 miCherrington Gardens, Wolverhampton, WV63
£1,00011/240.35 miBroadway, Finchfield, Wolverhampton, West Midlands, WV33
£1,20012/240.36 mi-3
£1,20012/240.36 miWoodland Avenue, Wolverhampton, WV63
£1,19502/240.56 mi-3
£1,49512/240.58 mi14 Wincote Drive, Tettenhall, WV6 8LR3

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.71 miles away

Nearest school

0.30 miles away

Nearest train station

2.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £279,500

February 7, 2025

Floor Plans

Description

  • No upward chain +
  • Downstairs WC +
  • Tandem garage store +
  • 'L'shaped living & dining room +
  • Kitchen +
  • Utility +
  • 3 Bedrooms +
  • House bathroom +
  • En-suite +
  • Updating required +

This link-detached property is located most conveniently to the local and independent shops of Compton which also offers the convenience of having important road networks towards the City Centre, Bridgnorth Road and A41 respectively.

Located within the catchment area of a number of desired schools the accommodation does indeed require modernisation but allows the new owner to update to their own specific taste and requirements and enjoys an entrance hall, downstairs WC, 'L' shaped living and dining room, kitchen, utility, tandem garage store, three bedroom, house bathroom, en-suite, private rear gardens and driveway to the fore.
EPC D68

Anti Money Laundering & Proceeds of Crime Acts: To ensure compliance with the Anti Money Laundering Act and Proceeds of Crime Act: All intending purchasers must produce identification documents prior to the memorandum of sale being issued. If these are not produced in person we will require certified copies from professionals such as doctor, teacher, solicitor, bank manager, accountant or public notary, To avoid delays in the buying process please provide the required documents as soon as possible. We may also use an online service provider to also confirm your identity. A list of acceptable ID documents is available upon request. We will also require confirmation of where the funding is coming from such as a bank statement with funding for deposit or purchase price and if mortgage finance is required a mortgage agreement in principle from your chosen lender.

Agent Details

Nick Tart Estate Agents, Tettenhall

01902 953189

Next Steps?

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