3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV6 0HY, £180,000

Crowther Road, Wolverhampton, WV6 0HY - 2 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 4%
~93 m²
+15 photos

ValuationFair Value

Sold Prices£60K - £350K
Sold Prices/m²£741/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£181,208

 

 

End Value (After Refurb)

£180,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£36,550

Bridging Loan Interest

£4,725

Total Cash In

£94,625

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,000

Mortgage (After Refinance)

£135,000

Mortgage LTV

75%

Cash Left In

£94,625

Equity

£45,000

Rent Range

£950 - £1,495

Rent Estimate

£1,152

Running Costs/mo

£813

Cashflow/mo

£339

Cashflow/yr

£4,069

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £350K, average is £174K. £741/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£143K03/240.01 mi52, Court Road, Wolverhampton, West Midlands WV6 0JW3
£131K03/210.04 mi57, Court Road, Wolverhampton, West Midlands WV6 0JN3
£229.5K01/210.07 miMid Corner, Crowther Road, Wolverhampton, West Midlands WV6 0HY3
£215K03/240.09 mi77, Crowther Road, Wolverhampton, West Midlands WV6 0HX3
£168K12/200.14 mi122, Court Road, Wolverhampton, West Midlands WV6 0JJ3
£165K12/220.14 mi87, Court Road, Wolverhampton, West Midlands WV6 0JL3
£116K06/210.14 mi103, Court Road, Wolverhampton, West Midlands WV6 0JL3
£180K12/220.15 mi8c, Gibbons Grove, Wolverhampton, West Midlands WV6 0JF3
£168K04/210.17 mi223, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RW3
£195K12/230.19 mi21, Crowther Road, Wolverhampton, West Midlands WV6 0HZ3
£172.5K11/210.19 mi7, Kenton Avenue, Wolverhampton, West Midlands WV6 0RG3
£146.5K04/210.19 mi1, Kenton Avenue, Wolverhampton, West Midlands WV6 0RG3
£237K09/230.21 mi59, Farndale Avenue, Wolverhampton, West Midlands WV6 0TW3
£160K04/210.22 mi18, Ingleby Gardens, Wolverhampton, West Midlands WV6 0TH3
£90K12/200.23 mi20, Gibbs Street, Wolverhampton, West Midlands WV6 0RE3
£171K12/230.24 mi56, Newbridge Street, Wolverhampton, West Midlands WV6 0EQ3
£140K10/230.25 mi285, Hordern Road, Wolverhampton, West Midlands WV6 0HE3
£250K04/230.26 mi30, Corve Gardens, Wolverhampton, West Midlands WV6 9NU3
£165K09/230.26 mi17, Whernside Drive, Wolverhampton, West Midlands WV6 0TJ3
£185K04/230.28 mi51, Glaisdale Gardens, Wolverhampton, West Midlands WV6 0TT3
£165K06/230.31 mi4, St Michaels Court, Wolverhampton, West Midlands WV6 9AD3
£173K05/230.32 mi19, Aldersley Road, Wolverhampton, West Midlands WV6 9LT3
£154K06/210.32 mi31, Reansway Square, Wolverhampton, West Midlands WV6 0EX3
£175K12/220.33 mi3, Coleman Street, Wolverhampton, West Midlands WV6 0RA3
£277K10/230.33 mi6, Marlborough Gardens, Wolverhampton, West Midlands WV6 0LU3
£210K09/210.35 mi19, Chelston Drive, Wolverhampton, West Midlands WV6 0LQ3
£135K11/200.38 mi226, Aldersley Road, Wolverhampton, West Midlands WV6 9NB3
£82K03/210.4 mi109, Aldersley Road, Wolverhampton, West Midlands WV6 9NE3
£175K09/230.41 mi33, Allen Road, Wolverhampton, West Midlands WV6 0AW3
£180K06/210.42 mi10, Waltho Street, Wolverhampton, West Midlands WV6 0EZ3
£220K12/220.43 mi33, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB3
£305K05/210.43 mi53, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB3
£60K11/230.44 mi55, Waltho Street, Wolverhampton, West Midlands WV6 0EU3
£207.5K06/210.45 mi59, St Judes Road West, Wolverhampton, West Midlands WV6 0DB3
£168K10/200.45 mi131, Aldersley Road, Wolverhampton, West Midlands WV6 9NF3
£220K10/210.47 mi17, Alameda Gardens, Wolverhampton, West Midlands WV6 9EX3
£220K10/210.47 mi17, Alameda Gardens, Wolverhampton, West Midlands WV6 9EX3
£163.5K12/220.5 mi10, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£110K04/210.5 mi30, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£70.1K10/230.5 mi15, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£140K10/230.5 mi30, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY3
£322.5K06/230.5 mi42, Clifford Street, Wolverhampton, West Midlands WV6 0AQ3
£175K02/210.53 mi268, Aldersley Road, Wolverhampton, West Midlands WV6 9NN3
£83K10/200.53 mi73, Craddock Street, Whitmore Reans, Wolverhampton, West Midlands WV6 0QH3
£190K10/230.53 mi85, Craddock Street, Whitmore Reans, Wolverhampton, West Midlands WV6 0QH3
£244K02/230.54 mi28, Sandford Rise, Wolverhampton, West Midlands WV6 9JQ3
£175K07/230.54 mi1, Northam Walk, Wolverhampton, West Midlands WV6 0QP3
£218K08/230.55 mi13, Sandford Rise, Wolverhampton, West Midlands WV6 9JQ3
£175K03/210.55 mi22, Sandford Rise, Wolverhampton, West Midlands WV6 9JQ3
£350K12/220.56 mi20, Church Hill Road, Wolverhampton, West Midlands WV6 9AT3

Local Rents

15 rents from £950/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.02 miHordern Grove, Wolverhampton3
£1,20004/250.19 mi-3
£1,20004/250.28 mi-3
£1,15004/250.31 mi-3
£1,20001/250.38 mi-3
£1,10011/240.41 mi-3
£1,29504/250.41 mi-3
£1,49512/240.41 miNeuvo Court, Newbridge, Wolverhampton3
£1,15012/240.44 mi70 Woodfield Heights, Tettenhall, Wolverhampton3
£1,09002/250.55 mi-3
£1,19004/250.55 mi-3
£99001/250.57 mi-3
£1,35002/240.57 mi-3
£1,20004/250.6 mi-3
£95012/240.62 mi48 Derby Avenue, Claregate, Wolverhampton, WV6 9JR3

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.89 miles away

Nearest school

0.10 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £180,000

February 18, 2025

Floor Plans

Description

  • No Upward Chain! +
  • Popular Location +
  • Spacious Property +
  • Excellent Transport Links +
  • Great Investment Opportunity or First Time Purchase +

NO UPWARD CHAIN! | THREE RECEPTION ROOMS | POPULAR LOCATION | CLOSE TO LOCAL AMENITIES| This characterful end-terrace property, located within close proximity to Wolverhampton City Centre, boasts excellent access to local transport links and amenities. Offering great potential, the house is in need of light renovation throughout, providing the perfect opportunity to create your dream home or a valuable investment property.

On the ground floor, you will find three reception rooms, a kitchen, and a convenient WC. The rear reception room offers the flexibility to be converted into an additional bedroom, enhancing the versatility of the space.

Upstairs, the first floor features a spacious master bedroom, along with two further well-proportioned bedrooms and a shared family bathroom.

The property also benefits from a private rear garden, accessible via the middle reception room and the side of the house, offering an outdoor space to relax or entertain.

Whether you're a first-time buyer, looking for an investment opportunity, or wanting to put your personal stamp on a new home, this property has plenty of potential. Don't miss this chance to create a wonderful space tailored to your needs.

Tenure: Freehold

EPC: E

Council Tax Band: B

Property Type: End-Terrace

Parking: Street

Heating: Gas
Reception 1

Reception 2

Reception 3

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Bathroom

Every care has been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point which is particularly important to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. All measurements quoted are approximate. Any Fixtures, Fittings and Appliances referred to have not been tested and therefore no guarantee can be given that they are in working order. These particulars do not constitute a contract or part of a contract.
No Upward Chain!

Popular Location

Spacious Property

Excellent Transport Links

Great Investment Opportunity or First Time Purchase

Agent Details

Concentric Sales & Lettings, Wolverhampton

01902 953085

Next Steps?

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