2 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV3 7EW, £125,000

Church Road, Bradmore, Wolverhampton, WV3 7EW - 3 views - 2 months ago

Auction
Refurb/BRRR
ROI: 6%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£75K - £319.9K
Sold Prices/m²£1.1K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£141,400
BMV1%

 

 

End Value (After Refurb)

£174,930

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£26,951

Bridging Loan Interest

£3,281

Total Cash In

£68,633

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,930

Mortgage (After Refinance)

£131,197

Mortgage LTV

75%

Cash Released

£37,447

Cash Left In

£31,185

Equity

£43,732

Rent Range

£614 - £4,000

Rent Estimate

£1,142

Running Costs/mo

£795

Cashflow/mo

£347

Cashflow/yr

£4,163

ROI

6%

Gross Yield

11%

Local Sold Prices

50 sold prices from £75K to £319.9K, average is £166K. £1.1K/m² to £4.1K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£163.5K11/210 mi96, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£140K03/210 mi98, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7EW2
£178K08/210.07 mi13, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£211K01/240.07 mi22, Wellington Avenue, Wolverhampton, West Midlands WV3 7EP2
£185K01/230.08 mi28, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ER2
£159.9K05/210.11 mi24, Ackleton Gardens, Bradmore, Wolverhampton, West Midlands WV3 7ES2
£159.9K06/210.12 mi53, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£165K10/230.12 mi76, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£170K06/210.12 mi34, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7EU2
£185K08/230.15 mi20, Church Road, Bradmore, Wolverhampton, West Midlands WV3 7ET2
£215K11/230.17 mi27, Oxbarn Avenue, Wolverhampton, West Midlands WV3 7HD2
£167K03/230.18 mi34, Maple Road, Wolverhampton, West Midlands WV3 7JD2
£178K09/230.19 mi3, Worfield Gardens, Penn Fields, Wolverhampton, West Midlands WV3 7EL2
£155K10/230.21 mi53, Trysull Road, Wolverhampton, West Midlands WV3 7JE2
£210K09/210.22 mi7, Havelock Close, Wolverhampton, West Midlands WV3 7HS2
£190K11/200.25 mi47, Rowan Crescent, Wolverhampton, West Midlands WV3 7HN2
£197K11/230.25 mi19, Rowan Crescent, Wolverhampton, West Midlands WV3 7HN2
£165K04/210.27 mi54, Rowan Crescent, Wolverhampton, West Midlands WV3 7HL2
£170K02/210.27 mi58, Rowan Crescent, Wolverhampton, West Midlands WV3 7HL2
£75K08/210.31 mi2, Fistral Gardens, Wolverhampton, West Midlands WV3 7NY2
£177K12/200.33 mi19, Broad Lane, Wolverhampton, West Midlands WV3 9BN2
£300K11/220.35 mi5, Laurel Grove, Wolverhampton, West Midlands WV3 7HJ2
£176K03/230.36 mi25, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ2
£120K12/200.39 mi112, Jeffcock Road, Wolverhampton, West Midlands WV3 7AF2
£123.5K11/210.4 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£165K01/230.4 mi107, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£140K03/240.4 mi61, Jeffcock Road, Wolverhampton, West Midlands WV3 7AG2
£92K11/200.43 mi104, Bruford Road, Wolverhampton, West Midlands WV3 0BA2
£170K12/220.44 mi151, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HL2
£97K03/210.49 mi38, Bamford Road, Wolverhampton, West Midlands WV3 0AS2
£162.5K05/210.5 mi186, Pinfold Lane, Penn, Wolverhampton, West Midlands WV4 4HB2
£128K12/230.52 mi84, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP2
£180K09/230.52 mi19, New Street, Merry Hill, Wolverhampton, West Midlands WV3 7NW2
£82.5K01/230.55 mi45, Bingley Street, Wolverhampton, West Midlands WV3 0HS2
£125K07/210.56 mi19, Carlton Road, Wolverhampton, West Midlands WV3 0LP2
£155K09/230.59 mi46, Burleigh Road, Penn Fields, Wolverhampton, West Midlands WV3 0HW2
£137K02/240.59 mi182, Merridale Street West, Wolverhampton, West Midlands WV3 0RP2
£275K03/210.66 mi6, York Crescent, Wolverhampton, West Midlands WV3 9BT2
£119K12/200.68 mi3, Manlove Street, Wolverhampton, West Midlands WV3 0HG2
£102K06/210.71 mi23, Cardiff Street, Wolverhampton, West Midlands WV3 0EZ2
£290K07/230.72 mi11, Belmont Road, Wolverhampton, West Midlands WV4 5UD2
£252K06/230.72 mi39, Lancaster Gardens, Wolverhampton, West Midlands WV4 4DN2
£225K11/230.72 mi8, Lancaster Gardens, Wolverhampton, West Midlands WV4 4DN2
£82K01/210.72 mi37, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£118.6K01/240.73 mi25, Lime Street, Wolverhampton, West Midlands WV3 0EY2
£218K11/200.73 mi15, Finchdene Grove, Finchfield, Wolverhampton, West Midlands WV3 8BG2
£115K07/210.73 mi56, Dalton Street, Wolverhampton, West Midlands WV3 0HE2
£319.9K11/220.74 mi2, Hopstone Gardens, Penn, Wolverhampton, West Midlands WV4 4DD2
£260K10/210.74 mi13a, Hopstone Gardens, Penn, Wolverhampton, West Midlands WV4 4DD2
£250K12/200.75 mi17, Linden Lea, Finchfield, Wolverhampton, West Midlands WV3 8BH2

Local Rents

50 rents from £614/mo to £4K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£89902/250.17 mi-2
£90011/240.49 mi-2
£1,00004/250.51 mi-2
£92511/240.54 miCopthorne Road, Wolverhampton2
£61411/240.57 mi-2
£85003/250.58 mi-2
£79511/240.63 miMerridale Road, Wolverhampton, WV32
£79511/240.65 miFinchfield Road West, Finchfield, Wolverhampton2
£84003/250.68 mi-2
£80004/250.71 mi-2
£87511/240.74 miLea Road, Wolverhampton2
£90011/240.76 mi4 Magnolia Court, Muchall Road, Penn2
£87504/250.78 mi-2
£82511/240.78 miYork Avenue, Finchfield2
£75002/250.79 mi-2
£75002/250.86 mi-2
£85004/250.88 mi-2
£85004/250.88 mi-2
£85011/240.88 miPennant Court, Wolverhampton, WV32
£95004/250.9 mi-2
£95004/250.9 mi-2
£95011/240.91 mi-2
£79903/250.93 mi-2
£85002/250.95 mi-2
£1,00011/240.96 miWynchcombe Avenue, Penn2
£85004/250.97 mi-2
£90004/250.97 mi-2
£79511/240.99 miCompton Road, Wolverhampton, West Midlands, WV32
£89510/240.99 mi-2
£97511/241.02 miMerridale Road, Wolverhampton, West Midlands, WV32
£79511/241.04 miGraiseley Street, Penn Fields2
£85011/241.05 miRosemary Avenue, WOLVERHAMPTON2
£1,20011/241.06 mi-2
£1,10012/241.06 mi-2
£1,10001/251.06 mi-2
£80011/241.07 miHaden Hill, Wolverhampton2
£99511/241.07 miHaden Hill, Wolverhampton2
£87511/241.07 miHaden Hill, WOLVERHAMPTON2
£82511/241.08 miTettenhall Gate, Haden Hill, Wolverhampton2
£85011/241.1 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£4,00011/241.11 mi-2
£4,00011/241.12 mi-2
£4,00011/241.12 mi-2
£92511/241.13 miHaden Hill, Wolverhampton2
£1,15011/241.16 mi-2
£97511/241.18 miChapel Ash, Wolverhampton, West Midlands, WV32
£79511/241.2 miTettenhall Road, Wolverhampton, West Midlands2
£92511/241.21 miBraden Road, Penn, Wolverhampton2
£1,25011/241.24 mi-2
£89512/241.24 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.02 miles away

Nearest school

0.40 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Price changed to £125,000

March 13, 2025

Listed for £140,000

February 14, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • CHAIN FREE & AVAILABLE NOW! +
  • In need of light refurbishment +
  • Two large bedrooms +
  • Lounge & separate dining room +
  • Kitchen & downstairs wc/utility +

SUMMARY
"A CHAIN FREE TWO BEDROOM END TERRACE PROPERTY IN A POPULAR RESIDENTIAL LOCATION"
Comprising lounge, dining room, kitchen, downstairs wc/utility, two bedrooms, bathroom, courtyard style frontage & large enclosed rear garden.

DESCRIPTION
Connells Wolverhampton bring to the market this CHAIN FREE two bedroom end terrace property in a popular residential location. In need of some light refurbishment this property would be a perfect investment opportunity.

The property comprises of lounge, dining room, kitchen and downstairs wc/utility. To the first floor there are two well proportioned bedrooms and bathroom. Externally there is a courtyard style garden to front, side gated shared access leading to the large enclosed rear garden.

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 
Situated on the popular Church Road which offers fantastic access to popular schooling, Bantock Park, local shops, doctors, dentists and public houses with eateries.

Lounge 11' 8" x 12' 3" ( 3.56m x 3.73m )
Door to front, double glazed window to front, central heating radiator, open to dining room.

Dining Room 11' 7" x 15' 3" max ( 3.53m x 4.65m max )
Double glazed window to rear, door to kitchen, door to stairs to first floor landing, open to lounge.

Kitchen 8' 7" x 6' 8" ( 2.62m x 2.03m )
Double glazed window to side, a range of wall and base units, space for various appliances, inset set, door to downstairs wc/utility.

Downstairs Wc/ Utility 
Window to side, plumbing for washing machine, pedestal sink, low flush toilet, door to kitchen.

First Floor Landing 
Doors to various rooms, central heating radiator.

Bedroom One 12' 2" x 11' 7" ( 3.71m x 3.53m )
Double glazed window to front, central heating radiator, door to first floor landing.

Bedroom Two 12' 2" x 8' 8" ( 3.71m x 2.64m )
Double glazed window to rear, central heating radiator, door to first floor landing.

Bathroom 
Double glazed window to rear, low flush toilet, pedestal sink, panelled bath, central heating radiator, door to first floor landing.

Outside Front 
Courtyard style frontage, side shared access leading to rear garden.

Outside Rear 
Lawned rear garden.

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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