3 Bed Semi-Detached House, Single Let, Wolverhampton, WV10 6LE, £125,000

9 Bee Lane, Wolverhampton, West Midlands, WV10 6LE - 1 views - 2 months ago

Sold STC
Auction
BTL
ROI: 13%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£102K - £279K
Sold Prices/m²£1.2K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£151,250
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£850 - £2,920

Rent Estimate

£995

Running Costs/mo

£610

Cashflow/mo

£385

Cashflow/yr

£4,625

ROI

13%

Gross Yield

10%

Local Sold Prices

51 sold prices from £102K to £279K, average is £200K. £1.2K/m² to £3.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£242K10/230.09 mi4, The Holmes, Wolverhampton, West Midlands WV10 6NF3
£178.5K01/240.09 mi660, Stafford Road, Wolverhampton, West Midlands WV10 6NW3
£190K10/210.1 mi609, Stafford Road, Wolverhampton, West Midlands WV10 6QG3
£195K11/230.1 mi583, Stafford Road, Wolverhampton, West Midlands WV10 6QG3
£190K12/200.12 mi40, Bee Lane, Wolverhampton, West Midlands WV10 6LF3
£165K08/210.13 mi46, Cottage Lane, Wolverhampton, West Midlands WV10 6LQ3
£170K12/200.14 mi138, Winchester Road, Wolverhampton, West Midlands WV10 6EZ3
£230K04/230.14 mi136, Winchester Road, Wolverhampton, West Midlands WV10 6EZ3
£220K05/230.14 mi104, Winchester Road, Wolverhampton, West Midlands WV10 6EZ3
£200K07/230.14 mi122, Winchester Road, Wolverhampton, West Midlands WV10 6EZ3
£268K08/230.15 mi31, Farmbrook Avenue, Wolverhampton, West Midlands WV10 6NE3
£185K08/210.19 mi13, Romsey Road, Wolverhampton, West Midlands WV10 6EX3
£245K06/230.19 mi2, Water Mill Close, Wolverhampton, West Midlands WV10 6NA3
£180K01/210.2 mi65, Winchester Road, Wolverhampton, West Midlands WV10 6HB3
£222K10/210.2 mi91, Winchester Road, Wolverhampton, West Midlands WV10 6HB3
£220K06/230.2 mi79, Winchester Road, Wolverhampton, West Midlands WV10 6HB3
£220K02/230.2 mi5, Milldale Road, Wolverhampton, West Midlands WV10 6LT3
£235K07/230.21 mi19, Milldale Crescent, Wolverhampton, West Midlands WV10 6LP3
£235K07/230.21 mi19, Milldale Crescent, Wolverhampton, West Midlands WV10 6LP3
£279K10/220.21 mi1a, Milldale Road, Wolverhampton, West Midlands WV10 6LT3
£205K05/230.21 mi12, Holme Mill, Wolverhampton, West Midlands WV10 6LZ3
£257K09/230.22 mi4, Newbury Road, Wolverhampton, West Midlands WV10 6QF3
£226K05/230.23 mi27, Slade Road, Wolverhampton, West Midlands WV10 6QP3
£227K03/210.23 mi12, Milldale Crescent, Wolverhampton, West Midlands WV10 6LW3
£217K02/230.23 mi4, Milldale Crescent, Wolverhampton, West Midlands WV10 6LW3
£177K02/210.24 mi23, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£150K01/210.24 mi16, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£168K04/210.24 mi18, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£177K07/210.24 mi33, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£175K10/210.24 mi60, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£170K05/230.24 mi6, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£210K09/230.24 mi42, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£210K02/240.24 mi25, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£207.5K01/240.24 mi19, Southbourne Road, Wolverhampton, West Midlands WV10 6ET3
£214K04/230.26 mi45, Ashfield Road, Fordhouses, Wolverhampton, West Midlands WV10 6QT3
£215K01/230.26 mi4, Primrose Avenue, Wolverhampton, West Midlands WV10 8AQ3
£173.5K03/210.27 mi20, Mill Green, Wolverhampton, West Midlands WV10 6LY3
£102K01/210.28 mi11, Elmcroft Gardens, Bushbury, Wolverhampton, West Midlands WV10 8AF3
£140K11/200.29 mi14, Ashfield Road, Fordhouses, Wolverhampton, West Midlands WV10 6QX3
£198K10/210.29 mi5, Ashfield Road, Fordhouses, Wolverhampton, West Midlands WV10 6QX3
£155K12/200.3 mi12, Northwood Park Close, Wolverhampton, West Midlands WV10 8EZ3
£203K05/230.3 mi12a, Northwood Park Close, Wolverhampton, West Midlands WV10 8EZ3
£162K01/210.31 mi68, Patshull Avenue, Wolverhampton, West Midlands WV10 6QL3
£195K04/210.32 mi28, Cricket Meadow, Wolverhampton, West Midlands WV10 6LS3
£247K06/230.32 mi34, Cricket Meadow, Wolverhampton, West Midlands WV10 6LS3
£215K03/240.32 mi31, Winchester Road, Wolverhampton, West Midlands WV10 6EW3
£205K02/230.32 mi2, Fairfax Road, Wolverhampton, West Midlands WV10 8AH3
£200K05/230.33 mi525, Stafford Road, Wolverhampton, West Midlands WV10 6QE3
£153K10/210.33 mi84, Primrose Avenue, Wolverhampton, West Midlands WV10 8AR3
£167.2K02/240.33 mi62, Primrose Avenue, Wolverhampton, West Midlands WV10 8AR3
£160K04/240.34 mi47, Kipling Road, Wolverhampton, West Midlands WV10 6BJ3

Local Rents

21 rents from £850/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99511/240.08 miStafford Road, Wolverhampton3
£1,15011/230.12 mi-3
£1,16003/250.12 mi-3
£1,25009/240.16 mi-3
£1,25009/240.19 mi-3
£85005/230.21 mi-3
£99505/240.24 mi-3
£99511/240.28 miMill Green, Wolverhampton3
£1,20008/240.3 mi-3
£1,10005/240.3 mi-3
£1,20004/250.33 mi-3
£1,10011/240.4 miCarisbrooke Gardens, Wolverhampton, West Midlands, WV103
£1,10011/240.46 miPatshull grove, Wolverhampton3
£1,10011/240.48 mi-3
£1,00011/240.48 miWitney Grove, Wolverhampton3
£1,29506/240.5 mi-3
£2,92004/230.51 mi-3
£1,10012/230.52 mi-3
£1,00006/230.54 mi-3
£1,27502/250.55 mi-3
£1,10008/240.56 mi-3

Local Area Statistics

Population in WV10

56,254

Population in Wolverhampton

260,353

Town centre distance

3.19 miles away

Nearest school

0.10 miles away

Nearest train station

2.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £125,000

February 20, 2025

Floor Plans

Description

  • Freehold Vacant possession upon completion. +

For Sale By Public Auction on 27 March 2025 starting at 08:30 AM - A vacant freehold semi detached property

A semi detached property which standing back from the road behind a driveway and a foregarden.

Accommodation
Ground Floor: Porch, Hall, Reception Room, Kitchen, Rear Hall with door to side garage.
First Floor: Landing with boiler cupboard, Three Bedrooms, Bathroom/ WC.
Outside: Gardens, Driveway Parking and Side Garage.

The property benefits from having a gas fired central heating system and double glazing, however is in need of refurbishment works throughout.

Tenure
Freehold Vacant possession upon completion.

Pre-auction Offers
Please note that offers may be considered prior to the Auction Sale.

Auctioneer's Note
The content in the property WILL NOT be removed upon completion.

Viewings will be carried out on a block viewing basis. The times and dates will be available from Thursday 6th March 2025, please revisit our website after this date.

Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

Live-Streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. . If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Bond Wolfe, Auctions

0121 387 6767

Next Steps?

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