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3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV3 7AN, £190,000

Skidmore Avenue, Bradmore, Wolverhampton, WV3 7AN - 2 months ago

Under Offer
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£94.5K - £350K
Sold Prices/m²£1K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£176,962

 

 

End Value (After Refurb)

£190,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£36,800

Bridging Loan Interest

£4,988

Total Cash In

£103,038

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,000

Mortgage (After Refinance)

£142,500

Mortgage LTV

75%

Cash Left In

£103,038

Equity

£47,500

Rent Range

£775 - £1,500

Rent Estimate

£1,105

Running Costs/mo

£835

Cashflow/mo

£270

Cashflow/yr

£3,243

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £94.5K to £350K, average is £169.5K. £1K/m² to £4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£210K11/230.03 mi72, Jeffcock Road, Wolverhampton, West Midlands WV3 7AA3
£227K12/230.03 mi92, Jeffcock Road, Wolverhampton, West Midlands WV3 7AA3
£206K01/230.07 mi21, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AN3
£190K06/210.08 mi9, Bantock Avenue, Wolverhampton, West Midlands WV3 7AW3
£150K08/210.08 mi13, Bantock Avenue, Wolverhampton, West Midlands WV3 7AW3
£185K04/210.08 mi1, Bantock Avenue, Wolverhampton, West Midlands WV3 7AW3
£190K04/240.08 mi85, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AL3
£175.5K02/210.09 mi38, Bradmore Road, Wolverhampton, West Midlands WV3 9BH3
£190K04/210.1 mi3, Addison Road, Bradmore, Wolverhampton, West Midlands WV3 7AR3
£142K04/210.14 mi37, Walford Avenue, Wolverhampton, West Midlands WV3 7AZ3
£212K03/230.14 mi19, Walford Avenue, Wolverhampton, West Midlands WV3 7AZ3
£205K09/230.16 mi30, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ3
£195K11/220.17 mi51, Skidmore Avenue, Wolverhampton, West Midlands WV3 7AJ3
£142.5K07/210.21 mi79, Hughes Avenue, Wolverhampton, West Midlands WV3 7AU3
£140K02/210.21 mi73, Hughes Avenue, Wolverhampton, West Midlands WV3 7AU3
£168K03/240.22 mi54, Birches Barn Road, Wolverhampton, West Midlands WV3 7BN3
£140K02/210.22 mi45, Birches Barn Road, Wolverhampton, West Midlands WV3 7BL3
£168.9K02/230.22 mi52, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£130K03/210.22 mi16, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£143K04/210.22 mi78, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£130K12/220.23 mi100, Rayleigh Road, Wolverhampton, West Midlands WV3 0AP3
£199.9K10/230.24 mi24, Hughes Avenue, Wolverhampton, West Midlands WV3 7AX3
£350K11/230.24 mi55, Finchfield Road, Wolverhampton, West Midlands WV3 9LQ3
£224K11/220.24 mi133, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7HA3
£153K07/210.25 mi55, Lennox Gardens, Wolverhampton, West Midlands WV3 0RR3
£158.2K10/230.25 mi215, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£110K04/230.25 mi223, Merridale Street West, Wolverhampton, West Midlands WV3 0RP3
£190K11/230.25 mi25, Rayleigh Road, Wolverhampton, West Midlands WV3 0AR3
£350K05/230.25 mi21, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£265.5K11/220.25 mi24, Glengarry Gardens, Wolverhampton, West Midlands WV3 9HX3
£220K07/230.25 mi10, Inglewood Avenue, Wolverhampton, West Midlands WV3 7BP3
£270K11/200.26 mi31, Birches Barn Road, Wolverhampton, West Midlands WV3 7BL3
£124K06/210.26 mi44, Bruford Road, Wolverhampton, West Midlands WV3 0BA3
£110K01/210.26 mi110, Bruford Road, Wolverhampton, West Midlands WV3 0BA3
£122K11/200.26 mi31, Bruford Road, Wolverhampton, West Midlands WV3 0AY3
£127.5K01/210.26 mi9, Bruford Road, Wolverhampton, West Midlands WV3 0AY3
£100K11/200.26 mi85, Bruford Road, Wolverhampton, West Midlands WV3 0AY3
£300K04/240.27 mi1, Havelock Close, Wolverhampton, West Midlands WV3 7HS3
£257.5K09/230.28 mi7, Gamesfield Green, Wolverhampton, West Midlands WV3 9RA3
£170K06/210.28 mi33, Bamford Road, Wolverhampton, West Midlands WV3 0AT3
£120K12/230.29 mi14, Aston Street, Wolverhampton, West Midlands WV3 0HY3
£200K06/210.29 mi27, Birches Barn Avenue, Wolverhampton, West Midlands WV3 7BT3
£149K11/210.3 mi16, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£163K02/230.3 mi14, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£158.5K09/230.31 mi26, Norfolk Road, Wolverhampton, West Midlands WV3 0JA3
£245K08/210.31 mi16, Wulfruna Gardens, Finchfield, Wolverhampton, West Midlands WV3 9HZ3
£226K04/210.31 mi6, Wulfruna Gardens, Finchfield, Wolverhampton, West Midlands WV3 9HZ3
£150K02/230.31 mi29, Fir Grove, Wolverhampton, West Midlands WV3 0UR3
£94.5K12/200.33 mi102, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3
£150K06/210.33 mi124, Owen Road, Penn Fields, Wolverhampton, West Midlands WV3 0AJ3

Local Rents

22 rents from £775/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20011/240.07 mi-3
£1,50011/240.11 mi-3
£1,20001/250.14 mi-3
£1,20001/250.14 mi-3
£85001/250.25 mi-3
£1,00011/240.26 mi-3
£1,00011/240.26 miMerridale Street West, Wolverhampton, WV33
£89511/240.26 miBruford Road, Wolverhampton, WV33
£1,05002/250.27 mi-3
£1,09502/250.32 mi-3
£1,10011/240.34 miMerridale Road, WOLVERHAMPTON3
£1,29504/250.34 mi-3
£77511/240.37 miKimberley Street, Wolverhampton, WV33
£1,20011/240.38 mi-3
£1,20012/240.42 mi-3
£97511/240.42 mi1 Bamber Close, Bradmore, Wolverhampton3
£1,20011/240.43 miOak Street, Merridale, Wolverhampton, WV33
£87504/250.43 mi-3
£1,20011/240.49 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,20011/240.49 miMerridale Street West, Wolverhampton, West Midlands, WV33
£1,14511/240.58 mi-3
£1,10003/250.62 mi-3

Links

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.75 miles away

Nearest school

0.30 miles away

Nearest train station

1.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £190,000

March 4, 2025

Floor Plans

Description

*NO UPWARD CHAIN* A substantial traditional Three bedroom Semi Detached property which provides generously proportioned living accommodation which is in need of updating but offers wonderful potential for improvement.

Situated within the popular residential area of Bradmore and only a few minutes walk from Bantock Park the property stands back behind a concrete print driveway providing useful off road car parking , whilst to the rear is located a delightfully mature good sized and well tended garden and a Detached garage all providing a pleasant outlook.

Conveniently located for a comprehensive range of amenities within a half mile radius and Wolverhampton City centre within two miles viewing is essential to fully appreciate the accommodation and potential on offer.

Comprising

Agent Details

Steventon Land & Estate Agents, Wolverhampton

01902 943945

Next Steps?

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

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