3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV3 9NL, £170,000

Cranmore Road, Off Tettenhall Road, Wolverhampton, WV3 9NL - 2 months ago

Auction
Refurb/BRRR
ROI: 5%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£70.1K - £440K
Sold Prices/m²£887/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£167,093

 

 

End Value (After Refurb)

£172,714

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Refurb Costs

£36,800

Bridging Loan Interest

£4,463

Total Cash In

£96,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,714

Mortgage (After Refinance)

£129,536

Mortgage LTV

75%

Cash Released

£2,036

Cash Left In

£94,077

Equity

£43,179

Rent Range

£775 - £2,700

Rent Estimate

£1,187

Running Costs/mo

£797

Cashflow/mo

£390

Cashflow/yr

£4,678

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70.1K to £440K, average is £190K. £887/m² to £5.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£202K11/230 mi16, Cranmore Road, Wolverhampton, West Midlands WV3 9NL3
£325K11/220.04 mi24, Clark Road, Wolverhampton, West Midlands WV3 9NP3
£171.5K02/210.12 mi20, Westland Avenue, Wolverhampton, West Midlands WV3 9NX3
£307K06/230.12 mi12, Westland Avenue, Wolverhampton, West Midlands WV3 9NX3
£275K02/210.12 mi19, Marchant Road, Wolverhampton, West Midlands WV3 9QG3
£275K08/230.12 mi3, Marchant Road, Wolverhampton, West Midlands WV3 9QG3
£194K10/200.15 miHawverley, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NR3
£190K10/230.15 mi30, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS3
£158K10/230.15 mi28, Rupert Street, Chapel Ash, Wolverhampton, West Midlands WV3 9NS3
£245K07/210.15 mi156, Compton Road, Wolverhampton, West Midlands WV3 9QB3
£97.2K01/210.2 mi44, Larches Lane, Chapel Ash, Wolverhampton, West Midlands WV3 9PX3
£165K10/230.22 mi7, Lower Vauxhall, Wolverhampton, West Midlands WV1 4SP3
£152K05/210.26 mi34, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£221K06/230.26 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£190K11/200.26 mi22, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£176.5K07/210.26 mi5, Haden Hill, Wolverhampton, West Midlands WV3 9PT3
£207.5K06/210.27 mi59, St Judes Road West, Wolverhampton, West Midlands WV6 0DB3
£160K07/210.29 mi4, Clarendon Street, Wolverhampton, West Midlands WV3 9PP3
£322.5K06/230.3 mi42, Clifford Street, Wolverhampton, West Midlands WV6 0AQ3
£175K09/230.31 mi33, Allen Road, Wolverhampton, West Midlands WV6 0AW3
£210K04/230.32 mi33, Park Road West, Wolverhampton, West Midlands WV1 4PN3
£332K11/230.34 mi15, Pentland Gardens, Wolverhampton, West Midlands WV3 9JY3
£265K06/210.34 mi15, Pentland Gardens, Wolverhampton, West Midlands WV3 9JY3
£440K12/220.37 mi37, Avenue Road, Wolverhampton, West Midlands WV3 9JS3
£165K11/200.42 mi6, Oak Street, Wolverhampton, West Midlands WV3 0AD3
£171K12/230.42 mi56, Newbridge Street, Wolverhampton, West Midlands WV6 0EQ3
£257.5K09/230.43 mi7, Gamesfield Green, Wolverhampton, West Midlands WV3 9RA3
£415K03/230.44 mi11, Horsehills Drive, Wolverhampton, West Midlands WV3 9JL3
£165K01/210.44 mi7, Glen Court, Wolverhampton, West Midlands WV3 9JW3
£195K11/230.44 mi23, Glen Court, Wolverhampton, West Midlands WV3 9JW3
£173K11/200.44 mi23, Merridale Gardens, Wolverhampton, West Midlands WV3 0UU3
£110K04/210.44 mi30, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£70.1K10/230.44 mi15, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£140K10/230.44 mi30, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£152K05/210.45 mi71, Oak Street, Wolverhampton, West Midlands WV3 0AH3
£163.5K12/220.45 mi10, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£265.5K11/220.46 mi24, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£350K05/230.46 mi21, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£307.5K08/230.47 mi21, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SA3
£175K12/220.47 mi3, Coleman Street, Wolverhampton, West Midlands WV6 0RA3
£282.5K06/210.48 mi10, Surrey Drive, Wolverhampton, West Midlands WV3 9LW3
£224K11/220.49 mi133, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7HA3
£168K04/210.49 mi223, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RW3
£165K12/220.5 mi7, Hornbeam Walk, St Marks, Wolverhampton, West Midlands WV3 0XF3
£149K11/210.5 mi16, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£163K02/230.5 mi14, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£150K02/230.5 mi29, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£280K03/210.52 mi64, Bantock Gardens, Wolverhampton, West Midlands WV3 9LL3
£116K06/210.52 mi103, Court Road, Wolverhampton, West Midlands WV6 0JL3
£277K10/230.52 mi6, Marlborough Gardens, Wolverhampton, West Midlands WV6 0LU3

Local Rents

51 rents from £775/mo to £2.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10003/250.3 mi-3
£2,70011/240.3 mi-3
£1,10011/240.3 mi-3
£1,10011/240.38 miMerridale Road, WOLVERHAMPTON3
£1,20011/240.41 miOak Street, Merridale, Wolverhampton, WV33
£1,20011/240.45 mi-3
£1,20004/250.48 mi-3
£1,15004/250.48 mi-3
£1,20001/250.55 mi-3
£1,35002/240.62 mi-3
£1,49512/240.63 miNeuvo Court, Newbridge, Wolverhampton3
£1,29504/250.65 mi-3
£1,00012/240.68 miHordern Grove, Wolverhampton3
£77511/240.68 miKimberley Street, Wolverhampton, WV33
£1,25003/250.7 mi-3
£1,60004/250.71 mi-3
£1,00011/240.73 mi-3
£1,00011/240.73 miMerridale Street West, Wolverhampton, WV33
£85001/250.74 mi-3
£87504/250.74 mi-3
£97512/240.74 miLeicester Street, Wolverhampton3
£1,20011/240.77 mi-3
£1,20011/240.78 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/240.78 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,50011/240.8 mi-3
£1,15012/240.81 mi70 Woodfield Heights, Tettenhall, Wolverhampton3
£1,20001/250.84 mi-3
£1,20001/250.84 mi-3
£1,05002/250.84 mi-3
£1,09002/250.85 mi-3
£1,19004/250.85 mi-3
£99001/250.86 mi-3
£1,20004/250.86 mi-3
£89511/240.9 miBruford Road, Wolverhampton, WV33
£1,20012/240.91 mi-3
£1,09502/250.95 mi-3
£97511/241 mi1 Bamber Close, Bradmore, Wolverhampton3
£1,49512/241.03 mi14 Wincote Drive, Tettenhall, WV6 8LR3
£1,29504/251.05 mi-3
£1,00011/241.05 miBroadway, Finchfield, Wolverhampton, West Midlands, WV33
£1,50004/251.08 mi-3
£1,14511/241.1 mi-3
£89512/241.11 miGorsebrook Road, Wolverhampton, West Midlands, WV63
£1,20012/241.17 mi-3
£1,20002/251.17 mi-3
£1,20004/251.17 mi-3
£89512/241.2 miCornwall Road, Tettenhall, Wolverhampton, WV6 8UZ3
£1,60012/241.22 miLove Lane, Tettenhall3
£1,05011/241.22 miStanford Road, Wolverhampton, West Midlands, WV23
£1,15012/241.22 miTyrley Close, Compton3
£1,15012/241.23 mi-3

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

1.15 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 £170,000

March 1, 2025

Listed for £180,000

February 14, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • A THREE BEDROOM SEMI DETACHED FAMILY HOME SITUATED IN A CUL-DE-SAC JUST OFF TETTENHALL ROAD +
  • NO ONWARD CHAIN & AVAILABLE NOW +
  • OFF ROAD PARKING & GARAGE FOR ADDITIONAL PARKING OR STORAGE SPACE +
  • Spacious lounge +
  • Separate dining room and kitchen +

SUMMARY
A THREE BEDROOM SEMI DETACHED FAMILY HOME SITUATED JUST OFF THE TETTENHALL ROAD IN A POPULAR CUL-DE-SAC AND BOASTS NO ONWARD CHAIN. Accommodation comprises; entrance hallway, lounge, dining room, kitchen, three bedrooms, shower room, separate WC, front and rear garden, off-road parking and garage.

DESCRIPTION
Samuel Thorneywork from the award-winning Connells Wolverhampton branch is proud to present to the market this three bedroom semi detached family home situated just off the Tettenhall Road in a popular cul-de-sac location and boasts no onward chain.

Stepping inside you'll find an entrance hallway leading to a spacious lounge with adjoining dining room and kitchen. Upstairs provides three generously sized bedrooms, a shower room and benefits from having a separate WC.

Outside to the front is a front garden with mature tree and off-road parking for ample vehicles and benefits from a garage for additional parking or storage options. To the rear of the property is a well presented rear garden.

Cranmore Road is local to excellent schools, shops, bus routes, Wolverhampton City Centre and the popular West Park.

Don't miss your chance to view this fantastic family home with opportunity for modernisation. Call the Connells Wolverhampton branch today to book your viewing.

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.

Location And Area 
Set to the west of Wolverhampton City Centre just off the Tettenhall Road in choice popular established cul de sac with fantastic local amenities afforded by the city centre. West Park Hospital is approximately 3/4 of a mile away. There are prestigious local schools most noteworthy of which is Wolverhampton Girls High School, St Peters Collegiate Church of England School and close to Wolverhampton Grammar School. There are also a number of restaurants just a stone's throw away

Approach 
Set back from the roadside in a cul-de-sac location with front garden and off-road parking with access to the main accommodation and garage.

Entrance Hallway 
Stairs rising to the first floor, ceiling light point, radiator and door into the lounge.

Lounge 13' max x 13' max ( 3.96m max x 3.96m max )
Electric fireplace, double glazed window to the front, ceiling light point, two radiators, French doors into the dining room and doors into the hallway and kitchen.

Dining Room 9' 11" x 8' ( 3.02m x 2.44m )
French doors into the lounge, double glazed window to the rear and patio door to the rear garden, ceiling light point, radiator and access into the kitchen.

Kitchen 9' 10" max x 7' max ( 3.00m max x 2.13m max )
Matching wall and base units with stainless steel sink and drainer with taps, plumbing point for washing machine, partly tiled walls, cupboard housing boiler, ceiling light point, radiator, pantry cupboard, double glazed window to the rear, access to the dining room and doors into the hallway and rear garden.

First Floor Landing 
Double glazed window to the side, ceiling light point, loft access, airing cupboard housing the cylinder and doors leading to all bedrooms, shower room and WC.

Bedroom One 12' x 9' 11" ( 3.66m x 3.02m )
Double glazed window to the front, ceiling light point and radiator.

Bedroom Two 10' 11" x 7' 10" ( 3.33m x 2.39m )
Double glazed window to the rear, ceiling light point and radiator.

Bedroom Three 9' 11" x 6' ( 3.02m x 1.83m )
Double glazed window to the front, ceiling light point and radiator.

Shower Room 
Shower cubicle, wash hand basin, heated towel rail, tiled walls, ceiling light point and double glazed window to the rear.

Outside Rear 
Paved patio area with lawn, mature trees and access to the garage.

Garage 
Up and over garage door, lighting and door to the 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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