2 Bed Bungalow, Refurb/BRRR, Wolverhampton, WV6 9DS, £155,000

Coniston Road, Wolverhampton, West Midlands, WV6 9DS - 2 months ago

Auction
Refurb/BRRR
ROI: 3%
~89 m²
+8 photos

ValuationFair Value

Sold Prices£125K - £325K
Sold Prices/m²£1.6K/m² - £5.3K/m²

 

 

Square Metres

~89.10 m²
Price/m²£1.7K/m²

Value Estimate

£155,000

 

 

End Value (After Refurb)

£204,641

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£9,550

Refurb Costs

£35,018

Bridging Loan Interest

£4,069

Total Cash In

£89,136

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,641

Mortgage (After Refinance)

£153,481

Mortgage LTV

75%

Cash Released

£37,231

Cash Left In

£51,906

Equity

£51,160

Rent Range

£695 - £1,750

Rent Estimate

£1,130

Running Costs/mo

£886

Cashflow/mo

£244

Cashflow/yr

£2,934

ROI

3%

Gross Yield

9%

Local Sold Prices

51 sold prices from £125K to £325K, average is £180.5K. £1.6K/m² to £5.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£250K06/210.08 mi70, Coniston Road, Wolverhampton, West Midlands WV6 9DS2
£185K09/230.13 mi1, Droxford Walk, Wolverhampton, West Midlands WV8 1YS2
£175K03/210.29 mi94, Derwent Road, Wolverhampton, West Midlands WV6 9ET2
£249.5K11/200.32 mi23a, Belvedere Gardens, Wolverhampton, West Midlands WV6 9QL2
£165K01/230.34 mi12, Smallwood Road, Pendeford, Wolverhampton, West Midlands WV8 1UE2
£222.5K04/210.4 mi141, Green Lane, Aldersley, Wolverhampton, West Midlands WV6 9HB2
£255K09/220.42 mi18, Lane Green Avenue, Codsall, Wolverhampton, Staffordshire WV8 2JT2
£182.5K04/210.43 mi20, Lane Green Avenue, Codsall, Wolverhampton, Staffordshire WV8 2JT2
£166K01/210.45 mi32, Lane Green Avenue, Codsall, Wolverhampton, Staffordshire WV8 2JT2
£240K10/230.45 mi8, Lane Green Avenue, Codsall, Wolverhampton, Staffordshire WV8 2JT2
£180.5K06/210.49 mi6, Lane Green Avenue, Codsall, Wolverhampton, Staffordshire WV8 2JT2
£150K12/230.58 mi57, Weyhill Close, Wolverhampton, West Midlands WV9 5RA2
£139.9K06/210.6 mi18, Newcott Close, Wolverhampton, West Midlands WV9 5QZ2
£170K05/230.6 mi16, Newcott Close, Wolverhampton, West Midlands WV9 5QZ2
£200K08/210.6 mi70, Birches Road, Codsall, Wolverhampton, Staffordshire WV8 2JR2
£191K04/210.62 mi6, Tebworth Close, Wolverhampton, West Midlands WV9 5QX2
£217.5K08/230.62 mi8, Tebworth Close, Wolverhampton, West Midlands WV9 5QX2
£205K09/220.65 mi26, Leybourne Crescent, Wolverhampton, West Midlands WV9 5QL2
£185K07/210.67 mi31, Leybourne Crescent, Wolverhampton, West Midlands WV9 5QL2
£215K08/220.67 mi34, Leybourne Crescent, Wolverhampton, West Midlands WV9 5QL2
£175K08/220.67 mi7, Leybourne Crescent, Wolverhampton, West Midlands WV9 5QL2
£155K03/210.67 mi24, Pagham Close, Wolverhampton, West Midlands WV9 5RD2
£160K04/210.69 mi7, Tiffany Lane, Wolverhampton, West Midlands WV9 5QU2
£183K07/210.69 mi4, Tiffany Lane, Wolverhampton, West Midlands WV9 5QU2
£162.5K03/230.73 mi14, Markham Croft, Pendeford, Wolverhampton, West Midlands WV9 5PU2
£175K05/220.78 mi78, Leybourne Crescent, Wolverhampton, West Midlands WV9 5QG2
£192.5K01/230.78 mi86, Leybourne Crescent, Wolverhampton, West Midlands WV9 5QG2
£190K12/230.78 mi49, Leybourne Crescent, Wolverhampton, West Midlands WV9 5QG2
£190K10/230.8 mi6, Exbury Close, Wolverhampton, West Midlands WV9 5QE2
£200K12/220.82 mi33, Emsworth Crescent, Wolverhampton, West Midlands WV9 5NT2
£147.5K10/200.82 mi28, Tyning Close, Wolverhampton, West Midlands WV9 5QH2
£143K05/210.82 mi36, Tyning Close, Wolverhampton, West Midlands WV9 5QH2
£178K10/220.82 mi34, Tyning Close, Wolverhampton, West Midlands WV9 5QH2
£180K12/220.83 mi17, Tyning Close, Wolverhampton, West Midlands WV9 5QH2
£185K03/240.84 mi21, Clematis Drive, Pendeford, Wolverhampton, West Midlands WV9 5SD2
£140K06/220.85 mi15, Haywain Close, Wolverhampton, West Midlands WV9 5QQ2
£148.5K08/230.85 mi21, Haywain Close, Wolverhampton, West Midlands WV9 5QQ2
£190K04/240.85 mi5, Haywain Close, Wolverhampton, West Midlands WV9 5QQ2
£250K01/230.86 mi66, Downie Road, Codsall, Wolverhampton, Staffordshire WV8 1JE2
£175K02/210.87 mi22, Sandy Lane, Tettenhall, Wolverhampton, West Midlands WV6 9EB2
£200K06/210.87 mi143, Aldersley Road, Wolverhampton, West Midlands WV6 9NF2
£135K12/200.89 mi18, Camellia Gardens, Pendeford, Wolverhampton, West Midlands WV9 5SH2
£180K01/240.89 mi4, Camellia Gardens, Pendeford, Wolverhampton, West Midlands WV9 5SH2
£159.9K06/210.9 mi10, Camellia Gardens, Pendeford, Wolverhampton, West Midlands WV9 5SH2
£325K06/230.9 mi42, Green Oak Road, Codsall, Wolverhampton, Staffordshire WV8 1LB2
£190K04/230.91 mi21, Fuchsia Drive, Pendeford, Wolverhampton, West Midlands WV9 5SA2
£200K09/220.92 mi6, Lavender Close, Pendeford, Wolverhampton, West Midlands WV9 5SB2
£125K11/200.92 mi234, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2
£137K11/210.92 mi218, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2
£155K10/230.92 mi230, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2
£155K10/230.92 mi230, Aldersley Road, Wolverhampton, West Midlands WV6 9NB2

Local Rents

27 rents from £695/mo to £1.8K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£85005/240.31 mi-2
£69512/240.52 miDam Mill Close, Codsall2
£1,10009/240.8 mi-2
£1,45012/240.9 mi14 Danescourt Manor, Tettenhall2
£1,30012/240.9 mi-2
£1,60011/240.9 mi-2
£1,10012/240.91 miDanescourt Road, Wolverhampton, West Midlands, WV62
£1,30012/240.91 miDanescourt Road, Wolverhampton, West Midlands, WV62
£1,45012/240.91 miDanescourt Road, Wolverhampton, West Midlands, WV62
£95001/250.91 mi-2
£95012/240.91 mi-2
£89504/250.94 mi-2
£92504/250.94 mi-2
£97512/240.94 mi-2
£97502/250.96 mi-2
£87512/240.97 miJasmine Close, Pendeford2
£82510/240.98 mi-2
£79503/251 mi-2
£89504/251.03 mi-2
£85008/241.13 mi-2
£1,65012/241.15 miLower Green, Tettenhall, Wolverhampton2
£1,75012/241.15 mi5c The Mitre, Lower Green, Tettenhall2
£90011/241.19 miSt Annes Road, Wolverhampton2
£1,30012/241.19 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£1,35012/241.2 mi4, Rock House, Old Hill, Wolverhampton2
£1,35012/241.2 miRock House, Old Hill, Wolverhampton, West Midlands, WV62
£77512/241.2 miUpper Street, Wolverhampton2

Local Area Statistics

Population in WV6

44,689

Population in Wolverhampton

260,353

Town centre distance

2 miles away

Nearest school

0.20 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+38%

Property History

Price changed to £155,000

April 1, 2025

Listed for £170,000

March 7, 2025

Floor Plans

Description

  • Two-bedroom semi-detached bungalow +
  • Freehold and EPC rated C +
  • City of Wolverhampton Council tax band C +
  • For sale by the modern method of auction +
  • Subject to an undisclosed reserve +
  • Terms and condition and fees apply +
  • Opportunity for renovation project +
  • Highly sought-after location +
  • Excellent public transport links +
  • Nearby local amenities +

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £450. These services are optional.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WOL250103/2

Agent Details

Your Move, Wolverhampton

01902 951812

Next Steps?

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