3 Bed Detached House, Refurb/BRRR, Wolverhampton, WV4 6HF, £50,000

47 Dimmock Street, Wolverhampton, WV4 6HF - 9 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 9%
102 m²
+10 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Refurb Costs

£40,361

Bridging Loan Interest

£1,313

Total Cash In

£59,624

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£147,366

Agent Fees (1%)

£1,474

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£48,768

Local Sold Prices

50 sold prices from £90K to £315.5K, average is £176.5K. £855/m² to £4.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£91.5K12/230.06 mi20, Martin Street, Wolverhampton, West Midlands WV4 6HH3
£132K05/210.1 mi28, Jeffrey Avenue, Wolverhampton, West Midlands WV4 6HU3
£155K06/210.12 mi43, Greenock Crescent, Wolverhampton, West Midlands WV4 6BH3
£179.9K10/210.14 mi33, Greenock Crescent, Wolverhampton, West Midlands WV4 6BH3
£120K11/210.15 mi2, Windsor Road, Wolverhampton, West Midlands WV4 6HX3
£240K04/230.15 mi24, Millport Road, Wolverhampton, West Midlands WV4 6BQ3
£187.5K12/230.16 mi22, Rothesay Gardens, Wolverhampton, West Midlands WV4 6DS3
£245K03/230.16 mi34, Rothesay Gardens, Wolverhampton, West Midlands WV4 6DS3
£225K07/230.16 mi30, Dunoon Drive, Wolverhampton, West Midlands WV4 6BS3
£198K06/230.16 mi37, Dunoon Drive, Wolverhampton, West Midlands WV4 6BS3
£90K11/220.18 mi590, Parkfield Road, Wolverhampton, West Midlands WV4 6EL3
£120K09/210.19 mi88, Myatt Avenue, Wolverhampton, West Midlands WV2 2DL3
£160K09/230.2 mi24, Parkfield Crescent, Wolverhampton, West Midlands WV2 2DE3
£230K02/230.2 mi30, Parkfield Crescent, Wolverhampton, West Midlands WV2 2DE3
£150K03/210.22 mi143, Rooker Avenue, Wolverhampton, West Midlands WV2 2DS3
£275K04/230.22 mi24, Birmingham New Road, Parkfields, Wolverhampton, West Midlands WV4 6RS3
£160K09/210.26 mi54, Myrtle Street, Wolverhampton, West Midlands WV2 2EP3
£195K03/230.26 mi21, Myrtle Street, Wolverhampton, West Midlands WV2 2EP3
£182.5K01/240.28 mi14, Wessex Road, Wolverhampton, West Midlands WV2 2ER3
£187K06/210.3 mi6, Veronica Avenue, Wolverhampton, West Midlands WV4 6AJ3
£123K11/200.31 mi26, Thompson Avenue, Wolverhampton, West Midlands WV2 3NU3
£200K03/230.31 mi22, Rooker Crescent, Wolverhampton, West Midlands WV2 2DU3
£125K11/200.32 mi8, Myatt Avenue, Wolverhampton, West Midlands WV2 2ED3
£165K01/210.33 mi17, Malins Road, Wolverhampton, West Midlands WV4 6AW3
£136.6K03/230.34 mi86, Hilton Road, Lanesfield, Wolverhampton, West Midlands WV4 6DR3
£151K03/210.34 mi16, Hilton Road, Lanesfield, Wolverhampton, West Midlands WV4 6DR3
£106K12/200.34 mi19, Greenly Road, Wolverhampton, West Midlands WV4 6AB3
£160K06/230.35 mi25, Rough Hills Road, Wolverhampton, West Midlands WV2 2HJ3
£120K02/210.37 mi3, Durberville Road, Wolverhampton, West Midlands WV2 2ES3
£210K12/220.38 mi65, Durberville Road, Wolverhampton, West Midlands WV2 2ES3
£175K02/210.39 mi27, Cheviot Road, Wolverhampton, West Midlands WV2 2HB3
£195K05/230.4 mi4, Trentham Rise, Wolverhampton, West Midlands WV2 2HE3
£270K02/240.41 mi198, Birmingham New Road, Parkfields, Wolverhampton, West Midlands WV4 6NY3
£135K01/210.42 mi56, Kenilworth Crescent, Parkfields, Wolverhampton, West Midlands WV4 6SD3
£178K07/230.43 mi76, Dixon Street, Wolverhampton, West Midlands WV2 2BJ3
£163K11/200.44 mi48, Durberville Road, Wolverhampton, West Midlands WV2 2EZ3
£315.5K09/220.48 mi28, Dudding Road, Wolverhampton, West Midlands WV4 5DS3
£170K04/210.51 mi14, Coningsby Drive, Wolverhampton, West Midlands WV2 2RN3
£145K11/210.52 mi148, Hilton Road, Lanesfield, Wolverhampton, West Midlands WV4 6BY3
£150K10/210.52 mi8, Park Hall Road, Wolverhampton, West Midlands WV4 5EL3
£277.5K06/230.52 mi8, Park Hall Road, Wolverhampton, West Midlands WV4 5EL3
£251K05/230.52 mi12, Longdon Avenue, Wolverhampton, West Midlands WV4 5DR3
£230K04/230.52 mi2, Longdon Avenue, Wolverhampton, West Midlands WV4 5DR3
£190K05/210.52 mi15b, Genge Avenue, Wolverhampton, West Midlands WV4 6SL3
£145K11/210.52 mi148, Hilton Road, Lanesfield, Wolverhampton, West Midlands WV4 6BY3
£132K11/200.53 mi53, Wordsworth Avenue, Parkfields, Wolverhampton, West Midlands WV4 6SY3
£189K12/220.53 mi34, Norbury Crescent, Wolverhampton, West Midlands WV4 6DH3
£197K06/210.54 mi31, Fieldhouse Road, Wolverhampton, West Midlands WV4 6SJ3
£230K09/230.54 mi416, Wolverhampton Road East, Wolverhampton, West Midlands WV4 6AR3
£206K07/230.54 mi404, Wolverhampton Road East, Wolverhampton, West Midlands WV4 6AR3

Local Rents

12 rents from £975/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£97501/240.11 mi-3
£1,15004/250.12 mi-3
£1,25012/240.12 mi-3
£99511/240.4 miBirmingham New Road, Wolverhampton3
£1,10011/240.47 miWillcock Road, Wolverhampton, West Midlands, WV23
£1,30011/240.47 mi-3
£1,15011/240.5 miWillcock Road, Wolverhampton3
£1,15011/240.5 miWillcock Road, WOLVERHAMPTON3
£1,20011/240.5 miThompson Avenue, Wolverhampton, West Midlands, WV23
£1,20011/240.52 miSpring Road, Wolverhampton, West Midlands, WV43
£1,19504/250.55 mi-3
£1,10011/240.61 mi-3

Property History

Listed for £50,000

March 13, 2025

Description

  • Freehold Vacant possession upon completion. +

For Sale By Public Auction on 27 March 2025 starting at 08:30 AM - A vacant freehold detached property, which may be suitable for development, subject to obtaining the necessary planning consents

A detached property, standing back from the road behind a driveway and foregarden.

Accommodation
Ground Floor: Porch, Hall, Understairs Cupboard, Through Reception Room, Dining Room, Kitchen, Shower Room/WC.
First Floor: Landing, Three Bedrooms, Bathroom/WC.
Outside: Gardens.
The property benefits from having a gas fired central heating system and double glazing, however it is in need of modernisation.

Energy Performance Rating
D.

Tenure
Freehold Vacant possession upon completion.

Pre-auction Offers
Please note no offers will be considered prior to the Auction Sale.

Auctioneer's Note
Please note that the completion period for this property is 6 weeks (42 days).

Viewing Times
See viewing schedule. Please note the appointments listed below are pre-booked so there is no need to book in prior to attending.

13/03/2025 14:45 - 15:00
18/03/2025 10:00 - 10:15
20/03/2025 14:45 - 15:00
25/03/2025 10:00 - 10:15

Live-Streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. . If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Bond Wolfe, Auctions

0121 387 6767

Next Steps?

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