2 Bed Terraced House, Single Let, Wolverhampton, WV3 0RP, £100,000

1 Merridale Street West, Pennfields, Wolverhampton, WV3 0RP - 2 views - 2 months ago

Sold STC
Auction
BTL
ROI: 12%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£75K - £290K
Sold Prices/m²£1.1K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£121,000
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£750 - £4,000

Rent Estimate

£795

Running Costs/mo

£492

Cashflow/mo

£304

Cashflow/yr

£3,642

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £75K to £290K, average is £159.9K. £1.1K/m² to £4.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£137K02/240.04 mi182, Merridale Street West, Wolverhampton, West Midlands WV3 0RP2
£128K12/230.12 mi84, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP2
£119K12/200.14 mi3, Manlove Street, Wolverhampton, West Midlands WV3 0HG2
£118.6K01/240.14 mi25, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£82K01/210.14 mi37, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£102K06/210.17 mi23, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ2
£82.5K01/230.18 mi45, Bingley Street, Wolverhampton, West Midlands WV3 0HS2
£155K09/230.2 mi46, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HW2
£97K03/210.2 mi38, Bamford Road, Wolverhampton, West Midlands WV3 0AS2
£115K07/210.21 mi56, Dalton Street, Wolverhampton, West Midlands WV3 0HE2
£86K06/210.22 mi36, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£85K10/210.22 mi56, Bristol Street, Wolverhampton, West Midlands WV3 0HD2
£92K11/200.24 mi104, Bruford Road, Wolverhampton, West Midlands WV3 0BA2
£120K12/200.24 mi112, Jeffcock Road, Wolverhampton, West Midlands WV3 7AF2
£123.5K11/210.26 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£165K01/230.26 mi107, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£140K03/240.26 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£97.5K12/200.26 mi45, Fisher Street, Wolverhampton, West Midlands WV3 0LF2
£176K03/230.27 mi25, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ2
£170K12/220.34 mi151, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HL2
£75K08/210.35 mi2, Fistral Gardens, Wolverhampton, West Midlands WV3 7NY2
£105K04/210.35 mi99, Merridale Road, Wolverhampton, West Midlands WV3 9SE2
£125K07/210.36 mi19, Carlton Road, Wolverhampton, West Midlands WV3 0LP2
£265K07/230.47 mi25, Compton Road, Wolverhampton, West Midlands WV3 9QP2
£200K11/200.49 mi22, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£247K12/220.49 mi20, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£177K12/200.51 mi19, Broad Lane, Wolverhampton, West Midlands WV3 9BN2
£210K09/210.52 mi7, Havelock Close, Wolverhampton, West Midlands WV3 7HS2
£159.9K05/210.54 mi24, Ackleton Gardens, Bradmore, Wolverhampton, West Midlands WV3 7ES2
£178K08/210.56 mi13, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£211K01/240.56 mi22, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£167K03/230.57 mi34, Maple Road, Wolverhampton, West Midlands WV3 7JD2
£120K12/220.58 mi6, Clayton Close, Wolverhampton, West Midlands WV2 4NH2
£155K10/230.59 mi53, Trysull Road, Wolverhampton, West Midlands WV3 7JE2
£235K12/220.59 mi12, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS2
£185K08/230.6 mi20, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ET2
£227.5K01/230.6 mi8, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX2
£185K01/230.61 mi28, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ER2
£290K04/230.62 mi17, Alderdale, Wolverhampton, West Midlands WV3 9JF2
£163.5K11/210.63 mi96, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£140K03/210.63 mi98, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£163K03/230.64 mi1, Fellows Street, Wolverhampton, West Midlands WV2 4ND2
£159.9K06/210.68 mi53, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£165K10/230.68 mi76, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£170K06/210.68 mi34, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£215K11/230.7 mi27, Oxbarn Avenue, Wolverhampton, West Midlands WV3 7HD2
£178K09/230.71 mi3, Worfield Gardens, Penn Fields, Wolverhampton, West Midlands WV3 7EL2
£180K11/200.72 mi11, Cranmore Road, Wolverhampton, West Midlands WV3 9NL2
£136.5K05/230.77 mi42, Mason Street, Wolverhampton, West Midlands WV2 3AG2
£275K03/210.8 mi6, York Crescent, Wolverhampton, West Midlands WV3 9BT2

Local Rents

35 rents from £750/mo to £4K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£90011/240.19 mi-2
£87503/250.21 mi-2
£75002/250.21 mi-2
£84003/250.21 mi-2
£1,00004/250.25 mi-2
£87511/240.26 miLea Road, Wolverhampton2
£79511/240.26 miMerridale Road, Wolverhampton, WV32
£85004/250.35 mi-2
£85004/250.35 mi-2
£85011/240.38 miPennant Court, Wolverhampton, WV32
£95003/250.4 mi-2
£95011/240.41 mi-2
£79903/250.42 mi-2
£79511/240.42 miGraiseley Street, Penn Fields2
£97511/240.43 miMerridale Road, Wolverhampton, West Midlands, WV32
£85002/250.44 mi-2
£1,20011/240.46 mi-2
£1,10012/240.46 mi-2
£1,10001/250.46 mi-2
£92511/240.49 miCopthorne Road, Wolverhampton2
£4,00011/240.52 mi-2
£85011/240.52 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£80011/240.54 miHaden Hill, Wolverhampton2
£99511/240.54 miHaden Hill, Wolverhampton2
£87511/240.54 miHaden Hill, WOLVERHAMPTON2
£82511/240.55 miTettenhall Gate, Haden Hill, Wolverhampton2
£97511/240.55 miChapel Ash, Wolverhampton, West Midlands, WV32
£79511/240.57 miCompton Road, Wolverhampton, West Midlands, WV32
£89510/240.57 mi-2
£4,00011/240.59 mi-2
£4,00011/240.59 mi-2
£1,15011/240.6 mi-2
£92511/240.61 miHaden Hill, Wolverhampton2
£1,25011/240.61 mi-2
£89512/240.62 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.93 miles away

Nearest school

0.10 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £100,000

February 11, 2025

Floor Plans

Description

  • For Sale by MODERN METHOD OF AUCTION, Starting Bid £100,000 plus Reservation Fee. +
  • AUCTION T&C'S APPLIES +
  • TWO Bedroom Mid Terrace House +
  • Well Placed & Walking Distance To The City Centre +
  • Front Living Room & Second Reception Room +
  • Galley Kitchen +
  • Ground Floor Shower Room +
  • Both Bedrooms Each Accommodating Double Beds & More +
  • Excellent First Time/Investment Purchase +
  • Central Location +

For Sale by MODERN METHOD OF AUCTION, Starting Bid £100,000 plus Reservation Fee.

TWO BEDROOMSGROUND FLOOR SHOWER ROOM EXCELLENT INVESTMENT OR FIRST TIME PURCHASE Conveniently placed to Wolverhampton City Centre, this two bedroom mid terrace house offers a great investment opportunity or for a home hunter alike ready to be upgraded!

Situated in a popular central residential location, convenient for a wide range of local amenities including shops, schools and public transport into the City Centre (which indeed is within walking distance) ...... step inside the accommodation comprises of : front living room, second reception room with useful understairs storage and staircase to first floor, galley styled kitchen with access to lobby area and doors off, servicing rear garden and ground floor shower room.

To the first floor are two well-proportioned bedrooms, both accommodating double beds.

The rear aspect has a courtyard, neighbouring right of way with access then to the garden.

This property is for sale by The West Midlands Property Auction, powered by iam-sold Ltd.

Mobile coverage from all four major networks
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All services are mains connected

*Results provided by Ofcom and correct at time of listing*

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional

Agent Details

D B Roberts & Partners, Wolverhampton

01902 943715

Next Steps?

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