3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV8 1XW, £165,000

Eastney Crescent, Pendeford, Wolverhampton, WV8 1XW - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£105K - £285K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£168,300

 

 

End Value (After Refurb)

£202,692

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£36,800

Bridging Loan Interest

£4,331

Total Cash In

£90,281

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£202,692

Mortgage (After Refinance)

£152,019

Mortgage LTV

75%

Cash Released

£28,269

Cash Left In

£62,012

Equity

£50,673

Rent Range

£895 - £1,500

Rent Estimate

£1,102

Running Costs/mo

£874

Cashflow/mo

£228

Cashflow/yr

£2,738

ROI

3%

Gross Yield

8%

Local Sold Prices

52 sold prices from £105K to £285K, average is £192.5K. £1.3K/m² to £3.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£190K07/230 mi107, Eastney Crescent, Wolverhampton, West Midlands WV8 1XW3
£190K07/230 mi107, Eastney Crescent, Wolverhampton, West Midlands WV8 1XW3
£145K10/220.05 mi15, Ganton Walk, Wolverhampton, West Midlands WV8 1YL3
£160K04/230.07 mi34, Forge Close, Pendeford, Wolverhampton, West Midlands WV8 1UY3
£185K10/230.08 mi54, Eastney Crescent, Wolverhampton, West Midlands WV8 1YQ3
£160.5K08/220.09 mi48, Wheatsheaf Road, Wolverhampton, West Midlands WV8 1UX3
£180K02/240.1 mi14, Cosgrove Walk, Wolverhampton, West Midlands WV8 1YD3
£136K01/210.13 mi6, The Glade, Wolverhampton, West Midlands WV8 1UU3
£136K01/210.13 mi6, The Glade, Wolverhampton, West Midlands WV8 1UU3
£145K11/200.16 mi9, Alderford Close, Wolverhampton, West Midlands WV8 1YJ3
£165K01/230.17 mi9, Granary Road, Wolverhampton, West Midlands WV8 1UZ3
£168K01/230.19 mi1, Granary Road, Wolverhampton, West Midlands WV8 1UZ3
£125K03/210.2 mi8, Granary Road, Wolverhampton, West Midlands WV8 1UZ3
£165K11/230.21 mi10, Barnhurst Lane, Wolverhampton, West Midlands WV8 1XB3
£240.1K05/210.21 mi4a, Windermere Road, Wolverhampton, West Midlands WV6 9DR3
£275K06/230.23 mi15, Lawnswood Avenue, Tettenhall, Wolverhampton, West Midlands WV6 9HP3
£285K05/230.23 mi34, Lawnswood Avenue, Tettenhall, Wolverhampton, West Midlands WV6 9HP3
£242K12/230.23 mi32, Lawnswood Avenue, Tettenhall, Wolverhampton, West Midlands WV6 9HP3
£230K05/210.25 mi5, Derwent Road, Wolverhampton, West Midlands WV6 9ER3
£239.9K04/230.25 mi7, Derwent Road, Wolverhampton, West Midlands WV6 9ER3
£156.3K11/230.27 mi54, Barnwood Road, Wolverhampton, West Midlands WV8 1UL3
£165K03/230.28 mi51, Catisfield Crescent, Pendeford, Wolverhampton, West Midlands WV8 1XJ3
£168K09/220.28 mi26, Reapers Walk, Pendeford, Wolverhampton, West Midlands WV8 1TS3
£250K01/210.28 mi24, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£227.5K08/210.29 mi46, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£267K08/230.29 mi58, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£230K03/230.29 mi19, Windermere Road, Wolverhampton, West Midlands WV6 9DW3
£163K07/220.32 mi335, Ryefield, Wolverhampton, West Midlands WV8 1UD3
£220K02/230.32 mi7, Grasmere Close, Tettenhall, Wolverhampton, West Midlands WV6 9DP3
£232K10/210.32 mi21, Grasmere Close, Tettenhall, Wolverhampton, West Midlands WV6 9DP3
£150K07/220.33 mi12, Russet Walk, Pendeford, Wolverhampton, West Midlands WV8 1UQ3
£209K05/210.33 mi77, Pendeford Avenue, Wolverhampton, West Midlands WV6 9EH3
£170K02/240.33 mi87, Pendeford Avenue, Wolverhampton, West Midlands WV6 9EH3
£170K02/240.33 mi87, Pendeford Avenue, Wolverhampton, West Midlands WV6 9EH3
£203.1K09/210.34 mi83, Green Lane, Aldersley, Wolverhampton, West Midlands WV6 9HL3
£152K12/220.34 mi14, Harvesters Walk, Pendeford, Wolverhampton, West Midlands WV8 1UG3
£236K12/200.34 mi64, Derwent Road, Wolverhampton, West Midlands WV6 9ES3
£160K06/210.35 mi25, Cornfield, Wolverhampton, West Midlands WV8 1TN3
£238.5K06/230.36 mi12, Coniston Road, Wolverhampton, West Midlands WV6 9DS3
£250K03/240.36 mi6, Coniston Road, Wolverhampton, West Midlands WV6 9DS3
£246K11/210.36 mi47, Windermere Road, Wolverhampton, West Midlands WV6 9DL3
£232.8K11/200.37 mi105, Derwent Road, Wolverhampton, West Midlands WV6 9EU3
£245K12/200.38 mi63, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£280K11/220.38 mi49, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£240K07/230.38 mi25, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£230K10/230.38 mi21, Aldersley Avenue, Wolverhampton, West Midlands WV6 9HZ3
£160K12/230.38 mi4, Deer Walk, Wolverhampton, West Midlands WV8 1TW3
£170K01/210.39 mi27, Green Lane, Aldersley, Wolverhampton, West Midlands WV6 9HX3
£195K11/200.39 mi59, Green Lane, Aldersley, Wolverhampton, West Midlands WV6 9HX3
£221K02/210.4 mi75, Coniston Road, Wolverhampton, West Midlands WV6 9DT3
£105K11/200.4 mi2, Fallowfield, Pendeford, Wolverhampton, West Midlands WV8 1TA3
£245K02/210.41 mi23, Coniston Road, Wolverhampton, West Midlands WV6 9DT3

Local Rents

21 rents from £895/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.07 mi-3
£1,19504/250.07 mi-3
£1,00009/230.09 mi-3
£1,05004/250.09 mi-3
£1,40012/230.23 mi-3
£1,50001/240.23 mi-3
£96007/240.23 mi-3
£1,20012/240.29 miBlakeley avenue, Wolverhampton3
£90012/230.37 mi-3
£90002/240.39 mi-3
£1,00001/250.39 mi-3
£1,10003/250.4 mi-3
£1,29512/240.43 miThirlmere Close, Palmers Cross3
£89512/240.45 miBlackburn Avenue, Claregate, Wolverhampton, WV63
£1,26008/240.52 mi-3
£1,00011/240.52 miRenton Road, WOLVERHAMPTON3
£1,25011/240.53 mi-3
£1,05003/240.53 mi-3
£95012/240.58 mi48 Derby Avenue, Claregate, Wolverhampton, WV6 9JR3
£97512/240.58 mi-3
£1,20004/250.6 mi-3

Local Area Statistics

Population in WV8

15,926

Population in Wolverhampton

260,353

Town centre distance

1.98 miles away

Nearest school

0.20 miles away

Nearest train station

1.38 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+34%

Property History

Listed for £165,000

February 11, 2025

Floor Plans

Description

  • No upward chain! +
  • Option to purchase with vacant possession +
  • Three bedrooms +
  • In need of some cosmetic attention +
  • Popular residential area +
  • Large driveway +
  • Enclosed rear garden +
  • A perfect first time buy or investment +
  • Sitting close to a host of local amenities, schools and transport links +
  • A real must see! +

Call us 9AM - 9PM -7 days a week, 365 days a year!  *NO UPWARD CHAIN!* *A PERFECT FIRST TIME PURCHASE OR INVESTMENT!* Belvoir are pleased to be presenting to market this sizeable three bedroom semi-detached home to market in a popular residential area with no upward chain and the possibility of vacant possession! The property briefly benefits from an entrance hallway, living room, kitchen/breakfast room, downstairs WC, first floor landing, three sizeable bedrooms, a family bathroom, plentiful storage spaces throughout, an enclosed rear garden, a front garden and a driveway to front accommodating parking for at least two vehicles. A real must see for any first time buyer, growing family or investor looking for a freehold asset to add to their portfolio! Location and area  Set to the north of Wolverhampton City Centre in the Pendeford area ideally placed for access to i54 commercial development, M54 and adjoining M6 motorways. This property is approximately one and 1/2 miles from Bilbrook Rail Station. There are numerous local schools most noteworthy of which is Birches First School which has received and Outstanding Ofsted report. EPC rating: D. Tenure: Freehold,

Agent Details

Belvoir, Wolverhampton

01902 243495

Next Steps?

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