4 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV3 7DJ, £240,000

Stubbs Road, Penn Fields , Wolverhampton, West Midlands, WV3 7DJ - a month ago

Auction
Cash
Refurb/BRRR
ROI: 4%
~129 m²
+16 photos

ValuationFair Value

Sold Prices£81.5K - £615K
Sold Prices/m²£562/m² - £4.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£244,800

 

 

End Value (After Refurb)

£302,295

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£15,500

Refurb Costs

£51,147

Bridging Loan Interest

£6,300

Total Cash In

£134,697

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£302,295

Mortgage (After Refinance)

£226,721

Mortgage LTV

75%

Cash Released

£46,721

Cash Left In

£87,976

Equity

£75,574

Rent Range

£850 - £4,500

Rent Estimate

£1,753

Running Costs/mo

£1,315

Cashflow/mo

£438

Cashflow/yr

£5,253

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £81.5K to £615K, average is £355K. £562/m² to £4.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£410K02/230.13 mi19, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7LU4
£590K06/210.14 mi17, Copthorne Road, Penn Fields, Wolverhampton, West Midlands WV3 0AB4
£190K11/210.18 mi200, Jeffcock Road, Wolverhampton, West Midlands WV3 7AH4
£370K01/230.22 mi236, Penn Road, Wolverhampton, West Midlands WV4 4AA4
£362.5K02/220.27 mi19a, Tudor Crescent, Wolverhampton, West Midlands WV2 4PX4
£275K02/210.33 mi29, Alexandra Road, Wolverhampton, West Midlands WV4 5UA4
£240K02/240.33 mi28, Alexandra Road, Wolverhampton, West Midlands WV4 5UA4
£310K09/220.34 mi38, Goldthorn Road, Blakenhall, Wolverhampton, West Midlands WV2 4PN4
£485K04/210.34 mi29, Claremont Road, Wolverhampton, West Midlands WV3 0EA4
£187.5K11/210.36 mi164, Lea Road, Penn Fields, Wolverhampton, West Midlands WV3 0LQ4
£255K07/210.38 mi33, Birches Barn Road, Wolverhampton, West Midlands WV3 7BL4
£270K12/200.42 mi7, Marlbrook Drive, Wolverhampton, West Midlands WV4 5AU4
£320K10/220.43 mi316, Penn Road, Wolverhampton, West Midlands WV4 4AQ4
£415K11/200.44 mi52, Goldthorn Avenue, Wolverhampton, West Midlands WV4 5AB4
£210K10/220.45 mi3, Chetwynd Road, Wolverhampton, West Midlands WV2 4NZ4
£275K01/230.45 mi30, Goldthorn Avenue, Wolverhampton, West Midlands WV4 5AB4
£470K01/210.45 mi125, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7NA4
£240K01/240.46 mi72, Hughes Avenue, Wolverhampton, West Midlands WV3 7AT4
£392.5K02/230.48 mi6, Hanbury Crescent, Wolverhampton, West Midlands WV4 4BW4
£400K03/210.49 mi94, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7NB4
£330K10/210.5 mi42, Osborne Road, Wolverhampton, West Midlands WV4 4AY4
£390K06/210.5 mi8, Osborne Road, Wolverhampton, West Midlands WV4 4AY4
£155K03/210.5 mi18, Dalton Street, Wolverhampton, West Midlands WV3 0HF4
£530K11/220.51 mi26, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SW4
£425K10/230.51 mi28, Appleton Crescent, Wolverhampton, West Midlands WV4 5TW4
£183K08/210.51 mi75, Upper Villiers Street, Wolverhampton, West Midlands WV2 4NX4
£257.5K07/210.53 mi24, Maple Road, Wolverhampton, West Midlands WV3 7JD4
£400K06/230.53 mi3, Osborne Road, Wolverhampton, West Midlands WV4 4BA4
£375K12/230.57 mi71, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BD4
£350K01/230.57 mi29, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BD4
£348K05/230.57 mi43, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BD4
£290K11/210.57 mi64a, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BE4
£361K04/210.6 mi30, Buckingham Road, Wolverhampton, West Midlands WV4 5TJ4
£325K12/220.61 mi120, Victoria Road, Bradmore, Wolverhampton, West Midlands WV3 7HA4
£248K01/210.62 mi48, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AP4
£366.5K06/210.62 mi10, Sandringham Road, Wolverhampton, West Midlands WV4 5TG4
£255.5K05/210.63 mi14, Balmoral Road, Wolverhampton, West Midlands WV4 5SZ4
£437K10/220.64 mi4, Belvedere Avenue, Wolverhampton, West Midlands WV4 5TD4
£425K12/220.65 mi107, Oxbarn Avenue, Wolverhampton, West Midlands WV3 7HQ4
£320K03/210.65 mi11a, Pennhouse Avenue, Wolverhampton, West Midlands WV4 4BG4
£595K01/230.65 mi4, Hartwood Crescent, Wolverhampton, West Midlands WV4 5QN4
£236K11/210.68 mi55, Rowan Crescent, Wolverhampton, West Midlands WV3 7HN4
£615K05/210.7 mi68, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SD4
£372.5K01/230.71 mi17, Linton Road, Penn, Wolverhampton, West Midlands WV4 4DS4
£360K10/230.74 mi95, Rosemary Crescent West, Wolverhampton, West Midlands WV4 5AN4
£430K07/210.79 mi204, Coalway Road, Penn, Wolverhampton, West Midlands WV3 7NH4
£412.5K06/230.8 mi46, Finchfield Road, Wolverhampton, West Midlands WV3 9LQ4
£240K02/210.8 mi6, Attwell Park, Wolverhampton, West Midlands WV3 7NS4
£81.5K12/200.81 mi70, Goldthorn Hill, Wolverhampton, West Midlands WV2 3HU4
£387.5K02/210.81 mi59, Broad Lane, Wolverhampton, West Midlands WV3 9BW4

Local Rents

26 rents from £850/mo to £4.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,65003/250.28 mi-4
£1,30004/250.28 mi-3
£1,40011/240.32 mi19A Woodfield Avenue, Penn3
£1,50011/240.34 miGoldthorn Road, Wolverhampton4
£1,60002/250.35 mi-4
£89511/240.35 miBruford Road, Wolverhampton, WV33
£1,14511/240.37 mi-3
£1,75011/240.4 mi-4
£1,75001/250.4 mi-4
£1,05002/250.42 mi-3
£1,20001/250.43 mi-3
£1,20001/250.43 mi-3
£4,30003/250.44 mi-5
£1,50011/240.46 mi-3
£2,19503/250.47 mi-4
£1,30011/240.48 miOwen Road, WOLVERHAMPTON4
£1,35011/240.48 mi-4
£1,20011/240.5 mi-3
£85001/250.53 mi-3
£1,00011/240.53 mi-3
£1,00011/240.53 miMerridale Street West, Wolverhampton, WV33
£4,00004/250.58 mi-12
£1,09502/250.58 mi-3
£1,39502/240.58 mi-4
£4,50012/230.59 mi-12
£2,95011/240.61 mi7 Great Hall Grove, Penn6

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £240,000

March 11, 2025

Floor Plans

Description

  • Cash buyers preferred +
  • Investment Opportunity +
  • Large kitchen area in need of complete renovation +
  • Downstairs Shower Room and WC +
  • Large Garden +
  • Driveway and Garage +
  • conservatory +
  • Potential 5th bedroom/office +

Pattinson Auction are delighted to market this great investment potential!

This 4 (potentially 5) bedroom home is in need of a full refurbishment but offers high ceilings, large rooms, and a spacious garden. Once renovated, it will make a fantastic family home. Ideal for those looking to add value.

The ground floor is in need of full refurbishment, but it has great bones. Downstairs you’ll find the hallway and a staircase leading down to the cellar, large living room a snug, the kitchen area, a conservatory and a potential 5th bedroom/office with en-suite and a garage.
The first floor has been full renovated and comprises of 4 bedrooms and a modern bathroom.
The property benefits from a large garden that is in need attention and benefits from a summer house to the rear of the garden

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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