2 Bed Flat, Refurb/BRRR, Wolverhampton, WV6 0LR, £75,000

The Lindens, Newbridge Crescent, WV6 0LR - 5 views - 2 months ago

Sold STC
Leasehold
Cash
Refurb/BRRR
ROI: 14%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£71.5K - £230K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£77,250
BMV3%

 

 

End Value (After Refurb)

£129,775

Uplift in Value

+73%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£26,769

Bridging Loan Interest

£1,969

Total Cash In

£52,687

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£129,775

Agent Fees (1%)

£1,298

Bridging Loan

£56,250

Bridging Loan Interest

£1,969

Flip Profit

£19,539

Local Sold Prices

46 sold prices from £71.5K to £230K, average is £128K. £999/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£135K11/220.15 mi2, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£128K01/230.15 mi5, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£135K11/220.16 mi14, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£71.5K04/220.42 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£100K06/230.46 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.46 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.46 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£98K01/210.51 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£128.1K06/230.51 mi8, Lower Street, Wolverhampton, West Midlands WV6 9AF2
£112.5K06/210.53 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£85K07/210.53 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£85K12/220.56 mi40, St Michaels Court, Wolverhampton, West Midlands WV6 9AD2
£163.4K08/230.62 mi18, Upper Street, Wolverhampton, West Midlands WV6 8QG2
£90K02/230.62 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£100K12/220.64 miFlat 13, College Court, High Street, Tettenhall, Wolverhampton, West Midlands WV6 8QP2
£118K11/210.68 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£134K03/230.69 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.69 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£123K04/210.7 mi1, Bantock Gardens, Wolverhampton, West Midlands WV3 9LP2
£110K11/230.73 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£105K12/220.73 mi18, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£110K07/210.75 mi15, Hanover Court, Wolverhampton, West Midlands WV6 8QL2
£230K06/210.79 mi4, Edward Lisle Gardens, Wolverhampton, West Midlands WV6 8UB2
£107.5K11/220.8 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£96K08/210.81 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.81 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.81 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£165K12/230.81 mi9, Finchfield Road, Wolverhampton, West Midlands WV3 9LS2
£122K11/220.84 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£143K11/220.85 mi17, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£130K10/230.85 mi18, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£115K11/200.85 mi1, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£179.9K12/200.87 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.87 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£178K08/230.87 mi7, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£179.9K12/200.87 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.87 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£160K02/230.87 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£140K11/220.87 mi48, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£157.5K11/220.87 mi53, High Meadows, Wolverhampton, West Midlands WV6 8PP2
£130K08/220.88 mi6, Lea Bank, Wolverhampton, West Midlands WV3 9HN2
£150K08/220.92 mi4, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£139.9K07/230.95 mi9, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£182K05/240.95 mi11, Cygnet Close, Wolverhampton, West Midlands WV6 8XR2
£100K10/210.98 mi53, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2
£119K03/230.98 mi127, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AF2

Local Rents

28 rents from £750/mo to £4K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£79512/240.14 miTettenhall Road, Wolverhampton2
£85012/240.21 miSlade Hill, Wolverhampton2
£80012/240.21 miSlade Hill, Wolverhampton2
£80012/240.21 miSlade Hll, Wolverhampton2
£1,50012/240.22 mi11 Beacon House, Tettenhall Road, Newbridge2
£90012/240.24 mi-2
£79511/240.32 miTettenhall Road, Wolverhampton, West Midlands2
£75003/250.39 mi-2
£85003/250.39 mi-2
£89510/240.45 mi-2
£79511/240.45 miCompton Road, Wolverhampton, West Midlands, WV32
£90003/250.49 mi-2
£92511/240.53 miHaden Hill, Wolverhampton2
£75012/240.54 mi-2
£1,65012/240.55 miLower Green, Tettenhall, Wolverhampton2
£1,75012/240.55 mi5c The Mitre, Lower Green, Tettenhall2
£1,35012/240.56 mi4, Rock House, Old Hill, Wolverhampton2
£1,30012/240.56 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£4,00011/240.56 mi-2
£4,00011/240.56 mi-2
£1,35012/240.57 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£82511/240.57 miTettenhall Gate, Haden Hill, Wolverhampton2
£80011/240.57 miHaden Hill, Wolverhampton2
£99511/240.57 miHaden Hill, Wolverhampton2
£87511/240.57 miHaden Hill, WOLVERHAMPTON2
£1,15011/240.58 miPark Road West, West Park2
£85002/250.61 mi-2
£1,15011/240.62 mi-2

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.46 miles away

Nearest school

0.10 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £75,000

February 11, 2025

Floor Plans

Description

  • CASH BUYERS ONLY! +
  • First Floor Apartment! +
  • Sought After Location! +
  • Two Bedrooms! +
  • Perfect For A First First Time Buyer! +
  • Council Tax Band - A +
  • Double Glazed Windows Throughout! +
  • Generous Room Sizes! +
  • Viewings Highly Recommended! +
  • Virtual Tour Available! +

Call us 9AM - 9PM -7 days a week, 365 days a year! CASH BUYERS ONLY DUE TO LOW LEASE Belvoir are pleased to present this spacious two-bedroom apartment in the popular area of Newbridge, Wolverhampton. This larger-than-average apartment, though in need of modernisation, is perfect for an investor looking to expand their portfolio, or even a first-time buyer looking to transform the property to their own style. Briefly, the property comprises of an entrance hallway, a kitchen to the left and a lounge to the right. The lounge is presented with a beautiful feature wall, with fluted glass panels looking into the hallway. Further into the property is a handy storage closet, bathroom, and two bedrooms. Other benefits include allocated off road parking and secure communal entrance. Located in Newbridge, Wolverhampton, the property is within easy commuting distance to Wolverhampton City Centre and Tettenhall, offering countless opportunities for travel, jobs, commuting and more. So don't miss out, call now to register your interest! Service Charge: £309.81 Every 3 Months
Ground Rent: £37.50 Per Year
Lease: 99 Years from 25 March 1976 Tenure: Leasehold, Service charge description: £ 309.81 Every 3 Months! , Length of lease (remaining): 50 years 1 months,

Agent Details

Belvoir, Wolverhampton

01902 243495

Next Steps?

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