3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV6 8AF, £249,950

Bridgnorth Road, Wolverhampton, WV6 8AF - 2 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£154.9K - £475K
Sold Prices/m²£1.8K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£255,707
BMV2%

 

 

End Value (After Refurb)

£256,739

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,488

Stamp Duty & Legal Fees

£8,699

Refurb Costs

£36,550

Bridging Loan Interest

£6,561

Total Cash In

£116,048

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£256,739

Mortgage (After Refinance)

£192,555

Mortgage LTV

75%

Cash Released

£5,092

Cash Left In

£110,956

Equity

£64,185

Rent Range

£1,000 - £1,350

Rent Estimate

£1,198

Running Costs/mo

£1,062

Cashflow/mo

£136

Cashflow/yr

£1,633

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £154.9K to £475K, average is £257.5K. £1.8K/m² to £5.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£219.9K02/210.08 mi25, Martham Drive, Wolverhampton, West Midlands WV6 8AL3
£245K10/230.08 mi33, Martham Drive, Wolverhampton, West Midlands WV6 8AL3
£210K03/210.09 mi84, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AG3
£255K11/200.09 mi78, Bridgnorth Road, Wolverhampton, West Midlands WV6 8AG3
£332.5K08/230.11 mi23, Cherrington Gardens, Wolverhampton, West Midlands WV6 8AJ3
£269.9K02/210.11 mi46, Cherrington Gardens, Wolverhampton, West Midlands WV6 8AJ3
£300K02/230.17 mi47, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AW3
£285K11/200.18 mi33, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AN3
£280K08/230.19 mi63, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AT3
£310K12/230.19 mi55, Bramstead Avenue, Wolverhampton, West Midlands WV6 8AT3
£192K03/210.21 mi47, Westacre Crescent, Finchfield, Wolverhampton, West Midlands WV3 9AX3
£232K02/230.22 mi23, Westacre Crescent, Finchfield, Wolverhampton, West Midlands WV3 9AJ3
£287.5K12/220.22 mi17, Westhill, Wolverhampton, West Midlands WV3 9HL3
£220.2K04/210.22 mi20, Westhill, Wolverhampton, West Midlands WV3 9HL3
£475K03/230.23 mi8, Grove Lane, Wolverhampton, West Midlands WV6 8NJ3
£210.3K12/220.24 mi45, Broadway, Finchfield, Wolverhampton, West Midlands WV3 9HG3
£359.9K11/200.28 miMill Cottage, Bridgnorth Road, Wightwick, Wolverhampton, West Midlands WV6 8BD3
£203K02/230.3 mi4, Kemberton Close, Finchfield, Wolverhampton, West Midlands WV3 9AU3
£180K04/210.3 mi2, Kemberton Close, Finchfield, Wolverhampton, West Midlands WV3 9AU3
£210K12/220.3 mi13, White Oak Drive, Wolverhampton, West Midlands WV3 9AQ3
£320.5K03/240.3 mi148, Bridgnorth Road, Wolverhampton, West Midlands WV6 8BE3
£250K03/210.3 mi29, Henwood Road, Wolverhampton, West Midlands WV6 8PQ3
£410K03/230.31 mi29, Torvale Road, Wolverhampton, West Midlands WV6 8NL3
£352.5K07/230.31 mi9, Church Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8LJ3
£340K01/230.31 mi5, Church Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8LJ3
£320K11/200.32 miWoodland Cottage, Finchfield Hill, Wolverhampton, West Midlands WV3 9HF3
£280K04/210.33 mi5, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HU3
£188K02/230.34 mi30, White Oak Drive, Wolverhampton, West Midlands WV3 9AW3
£185K06/210.34 mi100, Westacre Crescent, Finchfield, Wolverhampton, West Midlands WV3 9AY3
£154.9K11/200.35 mi27, White Oak Drive, Wolverhampton, West Midlands WV3 9AQ3
£365K02/210.36 mi17, The Parklands, Wolverhampton, West Midlands WV3 9DG3
£170K06/210.4 mi21, Limehurst Avenue, Finchfield, Wolverhampton, West Midlands WV3 9BD3
£278K04/210.42 mi15, Ashfield Road, Compton, Wolverhampton, West Midlands WV3 9DP3
£318K12/200.42 mi1, Compton Hill Drive, Wolverhampton, West Midlands WV3 9DL3
£260K12/220.42 mi11, Oak Leys, Wolverhampton, West Midlands WV3 9AB3
£232K09/210.42 mi2, Oak Leys, Wolverhampton, West Midlands WV3 9AB3
£260K01/230.44 mi24, Oak Hill, Finchfield, Wolverhampton, West Midlands WV3 9AA3
£247K03/240.45 mi11, Oak Hill, Finchfield, Wolverhampton, West Midlands WV3 9AE3
£216.5K03/210.45 mi17, Oak Hill, Finchfield, Wolverhampton, West Midlands WV3 9AE3
£460K06/230.45 mi10, Foley Avenue, Tettenhall, Wolverhampton, West Midlands WV6 8LT3
£175K12/200.45 mi125, Westacre Crescent, Finchfield, Wolverhampton, West Midlands WV3 9AZ3
£345K01/210.46 mi74, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HQ3
£399.9K04/230.46 mi56, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HQ3
£250K03/240.46 mi4, The Dingle, Finchfield, Wolverhampton, West Midlands WV3 9ET3
£229K10/200.46 mi11, The Dingle, Finchfield, Wolverhampton, West Midlands WV3 9ET3
£350K11/220.46 mi23, The Dingle, Finchfield, Wolverhampton, West Midlands WV3 9ET3
£425K11/200.47 mi1, Dippons Mill Close, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HH3
£169.9K11/200.47 mi11, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£168K11/200.47 mi31, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3
£219K10/230.47 mi47, Woodland Avenue, Tettenhall Wood, Wolverhampton, West Midlands WV6 8ND3

Local Rents

10 rents from £1K/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.1 mi-3
£1,20002/250.1 mi-3
£1,20004/250.1 mi-3
£1,35012/240.11 miCherrington Gardens, Wolverhampton, WV63
£1,15012/240.13 miTyrley Close, Compton3
£1,15012/240.14 mi-3
£1,00011/240.24 miBroadway, Finchfield, Wolverhampton, West Midlands, WV33
£1,19502/240.44 mi-3
£1,20012/240.49 mi-3
£1,20012/240.49 miWoodland Avenue, Wolverhampton, WV63

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

0.68 miles away

Nearest school

0.40 miles away

Nearest train station

2.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Listed for £249,950

February 27, 2025

Floor Plans

Description

  • OFFERED WITH NO UPWARD CHAIN +
  • AN IDEAL FAMILY HOME IN POPULAR LOCATION +
  • LOVELY CANAL & SENIC REAR VIEWS +
  • CLOSE TO LOCAL AMENITIES INCLUDING SCHOOLS AND SHOPS +
  • CONVENIENT BUS ROUTE +
  • DOUBLE GLAZING AND CENTRAL HEATING +
  • OFF ROAD PARKING TO THE FORE +
  • IDEAL FIRST TIME PURCHASE OR INVESTMENT OPPORTUNITY +

NO UPWARD CHAIN, LOCATED IN A SOUGHT AFTER POSITION An attractive and extended three-bedroom traditional semi-detached home, occupying a prominent position within the highly sought-after Compton. With a comprehensive range of amenities nearby, including shops, restaurants, schools, and excellent transport links, this property offers both convenience and potential. The home provides generously proportioned living accommodation, ideal for buyers looking to add their own touch, as it is in need of some updating. Stepping through the charming arched covered porch, you enter a welcoming entrance hall that leads to two well-sized reception rooms – a front living room with large window, and a spacious rear lounge offering views of the garden through an adjoining conservatory that allows plenty of natural light to flood the space. The extended kitchen provides ample workspace and potential for modernisation,. Upstairs, there are two double bedrooms, each benefiting from double glazing and gas radiator central heating and a further single bedroom. The shower room is functional, with scope for updating to a contemporary design. Externally, the property boasts off-road parking for multiple vehicles and a mature rear garden, which backs onto open meadowland, offering a peaceful and picturesque outlook. This delightful backdrop enhances the property's charm, making it a fantastic opportunity for families and investors alike. Early viewing is highly recommended to appreciate the potential this home has to offer.

EPC Rating: D

Agent Details

Bartlams, Tettenhall

01902 943789

Next Steps?

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