2 Bed Detached House, Refurb/BRRR, Wolverhampton, WV10 7TW, £135,000

Brooklime Gardens, Featherstone, Wolverhampton, WV10 7TW - 8 views - 2 months ago

Auction
Refurb/BRRR
ROI: 7%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£135K - £287K
Sold Prices/m²£2K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£136,350

 

 

End Value (After Refurb)

£192,694

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£26,951

Bridging Loan Interest

£3,544

Total Cash In

£73,945

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£192,694

Agent Fees (1%)

£1,927

Bridging Loan

£101,250

Bridging Loan Interest

£3,544

Flip Profit

£15,572

Local Sold Prices

22 sold prices from £135K to £287K, average is £180.3K. £2K/m² to £5.1K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£195K11/230 mi6, Brooklime Gardens, Featherstone, Wolverhampton, Staffordshire WV10 7TW2
£210K06/230.04 mi33, Larkspur Drive, Featherstone, Wolverhampton, Staffordshire WV10 7TN2
£183K04/230.05 mi24, Larkspur Drive, Featherstone, Wolverhampton, Staffordshire WV10 7TP2
£287K11/230.06 mi5, Bellflower Close, Featherstone, Wolverhampton, Staffordshire WV10 7SU2
£155K11/210.09 mi8, Snipe Close, Featherstone, Wolverhampton, Staffordshire WV10 7TH2
£152.5K11/210.09 mi9, Snipe Close, Featherstone, Wolverhampton, Staffordshire WV10 7TH2
£177.5K02/210.09 mi3, Snipe Close, Featherstone, Wolverhampton, Staffordshire WV10 7TH2
£146K01/210.16 mi5, Sanderling Close, Featherstone, Wolverhampton, Staffordshire WV10 7TJ2
£223K05/230.17 mi6, Baneberry Drive, Featherstone, Wolverhampton, Staffordshire WV10 7TR2
£245K01/240.17 mi9, Malayan Close, Brinsford, Wolverhampton, Staffordshire WV10 7FN2
£190K10/230.18 mi38, Brookhouse Lane, Featherstone, Wolverhampton, Staffordshire WV10 7AW2
£188K02/240.18 mi22, Brookhouse Lane, Featherstone, Wolverhampton, Staffordshire WV10 7AW2
£175K12/230.2 mi3, Huddlestone Close, Featherstone, Wolverhampton, Staffordshire WV10 7BH2
£155K01/210.21 mi17, Speedwell Gardens, Featherstone, Wolverhampton, Staffordshire WV10 7TU2
£195K06/210.21 mi8, Speedwell Gardens, Featherstone, Wolverhampton, Staffordshire WV10 7TU2
£145K03/210.24 mi112, Hilton Road, Featherstone, Wolverhampton, Staffordshire WV10 7AN2
£135K10/230.25 mi33, Penderell Close, Featherstone, Wolverhampton, Staffordshire WV10 7BQ2
£163K02/240.25 mi5, Jackson Close, Featherstone, Wolverhampton, Staffordshire WV10 7BL2
£150K03/210.41 mi164, Hilton Road, Featherstone, Wolverhampton, Staffordshire WV10 7AH2
£140K11/200.46 mi113, Hilton Road, Featherstone, Wolverhampton, Staffordshire WV10 7AQ2
£255K08/230.51 mi4, Shepwell Gardens, Shareshill, Wolverhampton, Staffordshire WV10 7NJ2
£220K01/230.9 mi56, Elms Lane, Shareshill, Wolverhampton, Staffordshire WV10 7JX2

Local Rents

50 rents from £650/mo to £12.9K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95003/240 mi-2
£1,30006/240.08 mi-4
£1,35007/230.17 mi-4
£95011/240.23 miWhitgreave Avenue, Featherstone, WOLVERHAMPTON3
£85004/230.23 mi-2
£95005/240.24 mi-2
£85012/230.25 mi-2
£85011/240.26 miNew Road, WV101
£95011/240.26 miButtermilk Cottage - New Road, Featherstone, WV102
£1,15003/250.99 mi-3
£1,30011/241.2 miDark Lane, Cross Green, Coven Heath2
£1,30011/241.2 miDark Lane, Cross Green, Coven Heath2
£1,10012/231.25 mi-3
£85011/241.29 miDarcy House, Old Stafford Road2
£1,10011/241.36 mi-3
£1,29506/241.37 mi-3
£65010/231.39 mi-1
£85006/241.39 mi-1
£75010/241.39 mi-1
£1,10011/241.45 miCarisbrooke Gardens, Wolverhampton, West Midlands, WV103
£99511/241.51 miMill Green, Wolverhampton3
£1,20008/241.51 mi-3
£12,91211/241.58 miStorage/Distribution Unit, Old Stafford Road, Coven, Wolverhampton, WV101
£65007/231.58 mi-1
£1,49511/241.59 miOld Stafford Road, Slade Heath, Wolverhampton3
£1,20004/251.59 mi-3
£1,20002/251.66 mi-3
£72511/241.73 miBUSHBURY, Hellier Road1
£87512/231.74 mi-2
£89501/251.74 mi-2
£89501/251.74 mi-2
£69503/251.81 mi-2
£1,25008/241.83 mi-3
£99511/241.84 miStafford Road, Wolverhampton3
£2,92004/231.87 mi-3
£1,15011/231.88 mi-3
£1,16003/251.88 mi-3
£1,25008/241.91 mi-3
£69511/241.92 mi-2
£1,19503/251.92 mi-2
£1,85001/251.92 mi-2
£90011/241.93 miHill Street, Essington, Wolverhampton, Staffordshire, WV112
£1,05004/241.94 mi-2
£1,05009/241.95 mi-3
£79503/231.97 mi-2
£85005/231.98 mi-3
£99505/241.99 mi-3
£87509/242.01 mi-2
£1,10003/252.06 mi-3
£1,10005/242.06 mi-3

Local Area Statistics

Population in WV10

56,254

Population in Wolverhampton

260,353

Town centre distance

4.91 miles away

Nearest school

0.30 miles away

Nearest train station

3.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £135,000

February 28, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • A CHAIN FREE DETACHED HOME IN A POPULAR LOCATION +
  • Updating is required +
  • Two bedrooms & bathroom +
  • Kitchen diner & lounge +
  • Front & rear gardens +

SUMMARY
"A CHAIN FREE MODERN BUILT DETACHED HOME WHICH REQUIRES REFRESHMENT & SITUATED IN A POPULAR CUL-DE-SAC LOCATION ON A SPACIOUS PLOT"
Comprising lounge, kitchen diner, two bedrooms, bathroom, front & rear gardens with off road parking.

DESCRIPTION
Connells Wolverhampton is offering for sale a CHAIN FREE modern build detached home situated in a popular cul-de-sac location within the area of Featherstone. This property does require remodernisation and offers fantastic potential for a first time buyer or investment property. For further details please contact Connells Wolverhampton.

Externally the home has off road parking, front and rear gardens. Internally there is a lounge, entrance hall, kitchen diner, two bedrooms and bathroom.

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.

The Location & Area 
Situated in a popular cul-de-sac location on a modern build in Featherstone which offers fantastic commuting access to the M54 and M6 motorways. Shopping, doctors, dentists, public houses are also within close proximity.

Entrance Hall 
Door to front access, stairs to first floor landing, doors to lounge, central heating radiator.

Lounge 13' 6" x 10' 6" ( 4.11m x 3.20m )
Bow window to front, door to hall, door to kitchen, central heating radiator.

Kitchen Diner 13' 7" x 8' ( 4.14m x 2.44m )
Two windows to rear, door to side, door to lounge, pantry storage cupboard, wall and base units with square edge work tops, central heating radiator, single drainer sink unit.

First Floor Landing 
Window to side, loft access, stairs to ground floor, doors to various rooms.

Bedroom One 13' 8" max narrowing to 10' 6" min x 10' 2" ( 4.17m max narrowing to 3.20m min x 3.10m )
Two windows to front, built-in wardrobe, airing cupboard, door to first floor landing.

Bedroom Two 9' 1" x 7' 4" ( 2.77m x 2.24m )
Window to rear, central heating radiator, door to first floor landing.

Bathroom 
Window to rear, panelled bath, pedestal wash basin, low flush toilet, central heating radiator, door to first floor landing.

Outside Front 
Off road parking to front, lawned area.

Outside Rear 
Lawned area, trees, plants and shrubs, patio area.

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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