3 Bed Terraced House, Refurb/BRRR, Wolverhampton, WV11 1RZ, £149,950

Victoria Road, Wednesfield, Wolverhampton, WV11 1RZ - 12 views - 2 months ago

Refurb/BRRR

ROI: 3%

~93 m²

+3 photos

ValuationFair Value

Sold Prices	£53K - £365K
Sold Prices/m²	£473/m² - £3.4K/m²

Square Metres	~93 m²
Price/m²	£1.6K/m²
Value Estimate	£151,450£151,450

End Value (After Refurb)	£190,007£190,007
Uplift in Value	+27%+27%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£37,488£37,488
Stamp Duty & Legal Fees	£8,698£8,698
Refurb Costs	£36,800£36,800
Bridging Loan Interest	£3,936£3,936
Total Cash In	£88,671£88,671

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£190,007£190,007
Mortgage (After Refinance)	£142,505£142,505
Mortgage LTV	75%75%
Cash Released	£30,043£30,043
Cash Left In	£58,629£58,629
Equity	£47,502£47,502
Rent Range	£850 - £1,400£850 - £1,400
Rent Estimate	£1,088
Running Costs/mo	£831£831
Cashflow/mo	£257£257
Cashflow/yr	£3,080£3,080
ROI	3%3%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £53K to £365K, average is £187.5K. £473/m² to £3.4K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£175K	09/23	0 mi	12, Victoria Road, Wednesfield, Wolverhampton, West Midlands WV11 1RZ	£1,985	88	3	Semi-Detached House
£170K	09/23	0.05 mi	3, Victoria Road, Wednesfield, Wolverhampton, West Midlands WV11 1RU	£2,048	83	3	Terraced House
£107.5K	07/23	0.05 mi	17, Victoria Road, Wednesfield, Wolverhampton, West Midlands WV11 1RU	£1,054	102	3	Terraced House
£365K	12/23	0.08 mi	39, Vicarage Road, Wednesfield, Wolverhampton, West Midlands WV11 1SE	£2,570	142	3	Detached House
£161K	01/21	0.16 mi	27, Woden Avenue, Wednesfield, Wolverhampton, West Midlands WV11 1PU	£2,038	79	3	Semi-Detached House
£163K	09/21	0.18 mi	73, Vicarage Road, Wednesfield, Wolverhampton, West Midlands WV11 1SF	£1,567	104	3	Terraced House
£160K	03/21	0.19 mi	16, West Avenue, Wednesfield, Wolverhampton, West Midlands WV11 1PY	£1,798	89	3	Terraced House
£175K	02/23	0.2 mi	51, Graiseley Lane, Wolverhampton, West Midlands WV11 1PF	-	-	3	Semi-Detached House
£176.9K	12/20	0.21 mi	19, South Avenue, Wednesfield, Wolverhampton, West Midlands WV11 1QL	£1,988	89	3	Semi-Detached House
£214K	12/23	0.21 mi	19, South Avenue, Wednesfield, Wolverhampton, West Midlands WV11 1QL	£2,404	89	3	Semi-Detached House
£230.5K	07/23	0.24 mi	13, The Grove, Wednesfield, Wolverhampton, West Midlands WV11 1RW	£2,590	89	3	Semi-Detached House
£160K	05/21	0.25 mi	30, East Avenue, Wednesfield, Wolverhampton, West Midlands WV11 1QE	-	-	3	Terraced House
£200K	03/24	0.29 mi	28, Eversley Grove, Wednesfield, Wolverhampton, West Midlands WV11 1NE	-	-	3	Terraced House
£298K	10/22	0.3 mi	7a, Prestwood Road West, Wednesfield, Wolverhampton, West Midlands WV11 1RJ	£2,443	122	3	Detached House
£192.5K	04/21	0.3 mi	104, Woden Avenue, Wednesfield, Wolverhampton, West Midlands WV11 1PW	£2,437	79	3	Semi-Detached House
£190K	12/20	0.31 mi	37, Prestwood Road West, Wednesfield, Wolverhampton, West Midlands WV11 1HP	-	-	3	Detached House
£140K	09/23	0.33 mi	21, Bramerton Close, Wolverhampton, West Midlands WV11 1RT	£1,588	88	3	Terraced House
£175K	01/23	0.34 mi	357, Prestwood Road, Wolverhampton, West Midlands WV11 1RH	-	-	3	Semi-Detached House
£205K	06/22	0.35 mi	4, Hazelwood Drive, Wolverhampton, West Midlands WV11 1SH	-	-	3	Detached House
£250K	12/22	0.38 mi	7, Fairview Close, Wolverhampton, West Midlands WV11 1BX	£2,894	86	3	Terraced House
£270K	09/23	0.39 mi	39, Amos Lane, Wednesfield, Wolverhampton, West Midlands WV11 1NQ	-	-	3	Semi-Detached House
£53K	07/23	0.4 mi	112, Milton Road, Wolverhampton, West Midlands WV10 0ND	£473	112	3	Terraced House
£190K	04/21	0.4 mi	43, Fairview Grove, Wolverhampton, West Midlands WV11 1BZ	£2,375	80	3	Semi-Detached House
£222K	10/20	0.4 mi	85, Kingsway Road, Wolverhampton, West Midlands WV10 0SU	£2,000	111	3	Semi-Detached House
£245K	07/23	0.4 mi	60, Kingsway Road, Fallings Park, Wolverhampton, West Midlands WV10 0SU	-	-	3	Semi-Detached House
£270K	04/21	0.41 mi	100, Amos Lane, Wednesfield, Wolverhampton, West Midlands WV11 1LZ	£3,176	85	3	Semi-Detached House
£210K	12/22	0.41 mi	2, Sambrook Road, Wolverhampton, West Midlands WV10 0SS	-	-	3	Semi-Detached House
£330K	12/22	0.42 mi	118, Wimborne Road, Wolverhampton, West Midlands WV10 0NS	£3,367	98	3	Detached House
£250K	02/24	0.44 mi	110, Prestwood Road West, Wolverhampton, West Midlands WV11 1HL	£2,900	86	3	Semi-Detached House
£153K	11/20	0.44 mi	8, Duke Street, Wednesfield, Wolverhampton, West Midlands WV11 1TG	-	-	3	Semi-Detached House
£210K	07/23	0.44 mi	10, Duke Street, Wednesfield, Wolverhampton, West Midlands WV11 1TG	-	-	3	Semi-Detached House
£165K	05/21	0.44 mi	23, Fairview Crescent, Wolverhampton, West Midlands WV11 1BU	£1,571	105	3	Semi-Detached House
£195K	05/21	0.44 mi	26, Fairview Crescent, Wolverhampton, West Midlands WV11 1BU	-	-	3	Semi-Detached House
£219K	02/23	0.44 mi	3, Fairview Crescent, Wolverhampton, West Midlands WV11 1BU	£2,281	96	3	Semi-Detached House
£256K	03/24	0.45 mi	37, Thorneycroft Lane, Wolverhampton, West Midlands WV10 0NF	£2,510	102	3	Terraced House
£207K	02/23	0.46 mi	25, Sambrook Road, Wolverhampton, West Midlands WV10 0ST	-	-	3	Semi-Detached House
£190K	03/21	0.47 mi	32, Fairview Road, Wednesfield, Wolverhampton, West Midlands WV11 1BT	£2,002	95	3	Semi-Detached House
£185K	02/24	0.47 mi	57, Lawrence Avenue, Heath Town, Wolverhampton, West Midlands WV10 0QJ	£2,126	87	3	Semi-Detached House
£105K	02/21	0.48 mi	26, Bolton Road, Wolverhampton, West Midlands WV11 1UA	£1,313	80	3	Terraced House
£120K	02/23	0.48 mi	78, Bolton Road, Wolverhampton, West Midlands WV11 1UA	£1,655	73	3	Terraced House
£180K	02/21	0.48 mi	17, Cadman Crescent, Wolverhampton, West Midlands WV10 0SN	-	-	3	Semi-Detached House
£175K	01/23	0.49 mi	55, Sambrook Road, Wolverhampton, West Midlands WV10 0ST	-	-	3	Semi-Detached House
£210K	05/23	0.49 mi	71, Fairview Road, Wednesfield, Wolverhampton, West Midlands WV11 1BT	£2,622	80	3	Semi-Detached House
£179K	11/21	0.49 mi	37, Barbel Drive, Wolverhampton, West Midlands WV10 0TQ	£2,441	73	3	Semi-Detached House
£167.5K	01/21	0.5 mi	51, Barbel Drive, Wolverhampton, West Midlands WV10 0TQ	£2,702	62	3	Semi-Detached House
£167.5K	01/21	0.5 mi	51, Barbel Drive, Wolverhampton, West Midlands WV10 0TQ	£2,702	62	3	Semi-Detached House
£176K	05/21	0.5 mi	34, Barbel Drive, Wolverhampton, West Midlands WV10 0TQ	£2,120	83	3	Semi-Detached House
£163K	02/23	0.5 mi	3, Milton Road, Wolverhampton, West Midlands WV10 0NE	£1,852	88	3	Terraced House
£150K	05/21	0.5 mi	64, Prestwood Road, Wolverhampton, West Midlands WV11 1RA	-	-	3	Terraced House
£220K	06/23	0.51 mi	23, Robin Grove, Wolverhampton, West Midlands WV11 1LQ	-	-	3	Semi-Detached House

Local Rents

17 rents from £850/mo to £1.4K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	02/25	0.05 mi	-	3	Terraced House
£1,000	11/24	0.18 mi	Vicarage Road, Wolverhampton, West Midlands, WV11	3	Terraced House
£1,250	12/24	0.18 mi	-	3	Semi-Detached House
£1,250	02/25	0.18 mi	-	3	Semi-Detached House
£1,100	11/24	0.3 mi	Wickham Gardens, Wolverhampton	3	Detached House
£895	11/24	0.32 mi	Bramerton Close, Wolverhampton	3	Detached House
£875	03/25	0.4 mi	-	3	Semi-Detached House
£965	02/25	0.42 mi	-	3	Semi-Detached House
£975	11/24	0.44 mi	Wolverhampton Road, WV10	3	Terraced House
£1,400	11/24	0.45 mi	114 Amos Lane, Wolverhampton	3	Detached House
£1,200	11/24	0.46 mi	Perch Close, Bentley Bridge, Wolverhampton, WV10	3	Detached House
£1,150	10/24	0.5 mi	-	3	Semi-Detached House
£850	11/24	0.5 mi	Prestwood Road, WOLVERHAMPTON	3	Flat
£975	11/24	0.53 mi	Orchard Road, Wednesfield	3	Detached House
£1,000	11/24	0.56 mi	Mill Lane, Wednesfield, Wolverhampton, West Midlands, WV11	3	Detached House
£950	04/25	0.57 mi	-	3	Terraced House
£1,350	04/25	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in WV11	34,83234,832
Population in Wolverhampton	260,353260,353
Town centre distance	3.18 miles away3.18 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.56 miles away1.56 miles away

Rental growth (12m)	-1%-1%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+45%+45%

Property History

Listed for £149,950

March 5, 2025

Description

End Terraced House +
No Chain +
Modernisation Required +
Conveniently Located For Wednesfield Town Centre And New Cross Hospital +
Three Bedrooms +
First Floor Bathroom +
Freehold +
Council Tax Band A +

This end terrace property is in need of modernisation and refurbishment. It offers spacious accommodation and is ideally situated for Wednesfield town centre, Bentley Bridge retail park and New Cross hospital. The property briefly comprises, reception hall, front sitting room, lounge, kitchen, ground floor wc, three bedrooms and first floor bathroom.

Agent Details

Oliver Ling, Wednesfield

01902 953431

Next Steps?

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

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