3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV10 9LS, £140,000

Welbeck Avenue, Wolverhampton, WV10 9LS - 5 views - 3 months ago

Sold STC

Refurb/BRRR

ROI: 3%

~93 m²

+12 photos

ValuationFair Value

Sold Prices	£90K - £282.3K
Sold Prices/m²	£1K/m² - £6.2K/m²

Square Metres	~93 m²
Price/m²	£1.5K/m²
Value Estimate	£142,800£142,800

End Value (After Refurb)	£194,088£194,088
Uplift in Value	+39%+39%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£5,400£5,400
Refurb Costs	£36,800£36,800
Bridging Loan Interest	£3,675£3,675
Total Cash In	£82,625£82,625

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£194,088£194,088
Mortgage (After Refinance)	£145,566£145,566
Mortgage LTV	75%75%
Cash Released	£40,566£40,566
Cash Left In	£42,059£42,059
Equity	£48,522£48,522
Rent Range	£920 - £1,300£920 - £1,300
Rent Estimate	£1,081
Running Costs/mo	£843£843
Cashflow/mo	£238£238
Cashflow/yr	£2,859£2,859
ROI	3%3%
Gross Yield	9%9%

Local Sold Prices

54 sold prices from £90K to £282.3K, average is £165K. £1K/m² to £6.2K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£125K	02/23	0.07 mi	118, Showell Road, Wolverhampton, West Midlands WV10 9LP	£1,543	81	3	Semi-Detached House
£165K	03/21	0.12 mi	85, Humphries Road, Wolverhampton, West Midlands WV10 9NA	£2,426	68	3	Semi-Detached House
£150K	03/23	0.19 mi	118, Hawksford Crescent, Wolverhampton, West Midlands WV10 9SN	-	-	3	Semi-Detached House
£182K	10/23	0.19 mi	170, Hawksford Crescent, Wolverhampton, West Midlands WV10 9SN	-	-	3	Semi-Detached House
£90K	05/21	0.22 mi	93, Bushbury Lane, Wolverhampton, West Midlands WV10 9TN	£1,023	88	3	Terraced House
£90K	10/20	0.22 mi	75, Bushbury Lane, Wolverhampton, West Midlands WV10 9TN	£1,139	79	3	Terraced House
£100K	06/23	0.22 mi	89, Bushbury Lane, Wolverhampton, West Midlands WV10 9TN	£1,220	82	3	Terraced House
£100K	06/23	0.22 mi	89, Bushbury Lane, Wolverhampton, West Midlands WV10 9TN	£1,220	82	3	Terraced House
£132.1K	05/21	0.22 mi	3, Clare Road, Wolverhampton, West Midlands WV10 9SL	£2,002	66	3	Semi-Detached House
£125K	12/23	0.22 mi	3, Clare Road, Wolverhampton, West Midlands WV10 9SL	£1,894	66	3	Semi-Detached House
£123K	01/23	0.27 mi	19, Millington Road, Wolverhampton, West Midlands WV10 9ND	£1,708	72	3	Terraced House
£110K	09/21	0.28 mi	14, Foster Road, Wolverhampton, West Midlands WV10 9NH	-	-	3	Terraced House
£119K	04/24	0.29 mi	45, Hawksford Crescent, Wolverhampton, West Midlands WV10 9SQ	£1,608	74	3	Semi-Detached House
£159K	12/20	0.32 mi	216, Bushbury Lane, Wolverhampton, West Midlands WV10 9TX	£1,871	85	3	Semi-Detached House
£135K	03/21	0.33 mi	57, Goodyear Avenue, Wolverhampton, West Midlands WV10 9JU	-	-	3	Semi-Detached House
£163.5K	10/23	0.34 mi	75, First Avenue, Wolverhampton, West Midlands WV10 9SE	-	-	3	Terraced House
£135K	04/21	0.36 mi	56, First Avenue, Wolverhampton, West Midlands WV10 9NX	£1,688	80	3	Semi-Detached House
£188K	08/23	0.36 mi	27, Oxley Avenue, Wolverhampton, West Midlands WV10 6JN	£2,186	86	3	Semi-Detached House
£188K	08/23	0.36 mi	27, Oxley Avenue, Wolverhampton, West Midlands WV10 6JN	£2,186	86	3	Semi-Detached House
£197.5K	08/21	0.36 mi	5, Mercury Drive, Wolverhampton, West Midlands WV10 6DG	£6,231	32	3	Terraced House
£175K	09/21	0.36 mi	31, Mercury Drive, Wolverhampton, West Midlands WV10 6DG	-	-	3	Semi-Detached House
£150K	04/21	0.37 mi	22, Wingfoot Avenue, Wolverhampton, West Midlands WV10 9HW	£2,419	62	3	Semi-Detached House
£149K	03/23	0.37 mi	31, Wingfoot Avenue, Wolverhampton, West Midlands WV10 9HW	£1,585	94	3	Semi-Detached House
£165K	03/24	0.38 mi	67, Goodyear Avenue, Wolverhampton, West Midlands WV10 9JS	£2,200	75	3	Semi-Detached House
£189K	07/23	0.39 mi	269, Stafford Road, Wolverhampton, West Midlands WV10 6DQ	£2,250	84	3	Terraced House
£189K	07/23	0.39 mi	269, Stafford Road, Wolverhampton, West Midlands WV10 6DQ	£2,250	84	3	Terraced House
£180K	05/21	0.4 mi	7, Moorland Avenue, Wolverhampton, West Midlands WV10 6JW	-	-	3	Semi-Detached House
£165K	03/21	0.41 mi	21, Europa Gardens, Wolverhampton, West Midlands WV10 6BY	£4,248	39	3	Semi-Detached House
£165K	03/21	0.41 mi	21, Europa Gardens, Wolverhampton, West Midlands WV10 6BY	£4,248	39	3	Semi-Detached House
£185K	03/24	0.43 mi	8, Old Fallings Crescent, Wolverhampton, West Midlands WV10 9PR	£2,232	83	3	Terraced House
£175K	11/20	0.44 mi	59, Columbia Crescent, Wolverhampton, West Midlands WV10 6GB	£2,160	81	3	Semi-Detached House
£229.9K	01/21	0.44 mi	8, Akron Drive, Wolverhampton, West Midlands WV10 6EG	£2,555	90	3	Detached House
£190K	03/24	0.44 mi	38, Akron Drive, Wolverhampton, West Midlands WV10 6EG	£2,676	71	3	Semi-Detached House
£145K	11/20	0.46 mi	111, Park Lane, Wolverhampton, West Midlands WV10 9QH	£1,933	75	3	Semi-Detached House
£230K	11/23	0.46 mi	28, Green Drive, Wolverhampton, West Midlands WV10 6DW	£2,257	102	3	Semi-Detached House
£260K	02/24	0.46 mi	44, Green Drive, Wolverhampton, West Midlands WV10 6DW	£2,766	94	3	Semi-Detached House
£175K	01/21	0.46 mi	249, Bushbury Lane, Wolverhampton, West Midlands WV10 9UD	£2,500	70	3	Terraced House
£166K	02/23	0.47 mi	23, South Street, Wolverhampton, West Midlands WV10 6JH	£1,953	85	3	Terraced House
£170K	07/21	0.48 mi	17, Stubley Drive, Wolverhampton, West Midlands WV10 9YB	£2,500	68	3	Semi-Detached House
£120K	08/21	0.49 mi	24, Jones Road, Wolverhampton, West Midlands WV10 6JQ	£1,714	70	3	Terraced House
£160K	03/21	0.5 mi	33, Higham Way, Wolverhampton, West Midlands WV10 9YE	-	-	3	Semi-Detached House
£282.3K	11/22	0.51 mi	10, Manor Road, Oxley, Wolverhampton, West Midlands WV10 6DT	-	-	3	Detached House
£165K	08/23	0.51 mi	15, Manor Road, Oxley, Wolverhampton, West Midlands WV10 6DT	-	-	3	Terraced House
£142K	03/21	0.51 mi	287, Bushbury Lane, Wolverhampton, West Midlands WV10 9UG	£2,058	69	3	Terraced House
£132K	09/21	0.53 mi	13, Annan Avenue, Wolverhampton, West Midlands WV10 9BH	£1,760	75	3	Terraced House
£187K	11/23	0.53 mi	74, Fifth Avenue, Wolverhampton, West Midlands WV10 9TA	£2,055	91	3	Semi-Detached House
£211K	08/23	0.54 mi	46, Purcell Road, Wolverhampton, West Midlands WV10 9EQ	£2,086	101	3	Terraced House
£265K	01/24	0.54 mi	349, Stafford Road, Wolverhampton, West Midlands WV10 6DY	£2,120	125	3	Semi-Detached House
£257K	09/23	0.55 mi	4, Burnham Avenue, Wolverhampton, West Midlands WV10 6DX	-	-	3	Detached House
£210K	06/23	0.57 mi	307, Bushbury Lane, Wolverhampton, West Midlands WV10 9UH	£2,778	76	3	Semi-Detached House
£135K	11/21	0.57 mi	18, Third Avenue, Wolverhampton, West Midlands WV10 9PQ	-	-	3	Terraced House
£131.5K	10/23	0.57 mi	22, Third Avenue, Wolverhampton, West Midlands WV10 9PQ	-	-	3	Terraced House
£178K	01/24	0.57 mi	49, Third Avenue, Wolverhampton, West Midlands WV10 9PQ	£2,171	82	3	Terraced House
£106K	12/20	0.57 mi	60, Third Avenue, Wolverhampton, West Midlands WV10 9PQ	£1,452	73	3	Terraced House

Local Rents

26 rents from £920/mo to £1.3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	02/25	0.11 mi	-	3	Semi-Detached House
£950	11/24	0.17 mi	Bushbury Lane, Wolverhampton, West Midlands, WV10	3	Terraced House
£1,050	02/24	0.18 mi	-	3	Terraced House
£1,140	04/25	0.18 mi	-	3	Terraced House
£1,195	04/25	0.19 mi	-	3	Semi-Detached House
£1,250	03/25	0.19 mi	-	3	Semi-Detached House
£1,195	12/24	0.19 mi	-	3	Semi-Detached House
£950	10/24	0.2 mi	-	3	Semi-Detached House
£1,000	11/24	0.2 mi	Hawksford Crescent, WOLVERHAMPTON	3	Detached House
£1,195	04/25	0.21 mi	-	3	Semi-Detached House
£1,000	02/25	0.21 mi	-	3	Terraced House
£945	02/25	0.26 mi	-	3	Semi-Detached House
£995	11/24	0.28 mi	-	3	Semi-Detached House
£1,300	11/23	0.33 mi	-	3	Semi-Detached House
£995	10/24	0.35 mi	-	3	Semi-Detached House
£1,125	02/25	0.41 mi	-	3	Terraced House
£1,150	03/25	0.41 mi	-	3	Terraced House
£1,150	02/25	0.41 mi	-	3	Terraced House
£1,025	11/24	0.42 mi	-	3	Terraced House
£1,100	11/24	0.46 mi	Croft Gardens, Oxley	3	Terraced House
£920	11/24	0.51 mi	-	3	Semi-Detached House
£1,050	01/25	0.53 mi	-	3	Semi-Detached House
£1,250	04/25	0.55 mi	-	3	Detached House
£1,300	11/24	0.59 mi	Stafford Road, Wolverhampton, West Midlands, WV10	3	Detached House
£1,150	02/25	0.62 mi	-	3	Semi-Detached House
£975	12/23	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in WV10	56,25456,254
Population in Wolverhampton	260,353260,353
Town centre distance	2.20 miles away2.20 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.37 miles away1.37 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £140,000

February 14, 2025

Floor Plans

Description

In Need of Modernisation +
Great First Time Buyer Opportunity +
Ideal Investment Purchase +
Three Bedrooms & A Loft Room +
Two Receptions, Kitchen & Utility +
First Floor Bathroom & Ground Floor Shower +

An extremely rare opportunity that is sure to be popular! A vacant possession in need of modernisation and offered with no upward chain. This end terraced house has an entrance hall, living room and separate dining room, kitchen, utility and ground floor shower room. The first floor has a landing, three bedrooms and a family bathroom, in addition there is access to the loft space. Externally there is a low maintenance rear garden and frontage. Located a short distance from Wolverhampton city centre providing an array of amenities including a bus station, train station and tramline as well as popular schooling and university close to hand.

Agent Details

Dourish & Day, Penkridge

01785 337019

Next Steps?

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