2 Bed Flat, Single Let, Wolverhampton, WV3 0DT, £125,000

Pennant Court, Wolverhampton, WV3 0DT - 21 days ago

Leasehold
BTL
ROI: 5%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£55K - £140K
Sold Prices/m²£1.2K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£110,635

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£695 - £1,250

Rent Estimate

£729

Running Costs/mo

£556

Cashflow/mo

£173

Cashflow/yr

£2,071

ROI

5%

Gross Yield

7%

Local Sold Prices

34 sold prices from £55K to £140K, average is £104.7K. £1.2K/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£128.5K06/210.24 mi159a, Penn Road, Wolverhampton, West Midlands WV3 0ED2
£127K02/210.32 mi37, Lower Villiers Street, Wolverhampton, West Midlands WV2 4NA2
£105K07/220.48 mi30, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.48 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£107K10/220.48 mi22, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.48 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£84K08/210.49 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£84K08/210.49 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£95K06/210.52 mi23, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£120K08/220.52 mi22a, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£127K08/220.53 mi22, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£122K11/220.55 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£125K07/230.58 mi18, Chequerfield Drive, Penn Fields, Wolverhampton, West Midlands WV3 7DH2
£107.5K11/220.64 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£93K10/220.65 miFlat 2, Parkhall Gardens, Rosemary Avenue, Wolverhampton, West Midlands WV4 5BN2
£96K08/210.65 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210.65 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220.65 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£134K03/230.71 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.71 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£118K11/210.71 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£68K04/210.72 mi128, Goldthorn Hill, Wolverhampton, West Midlands WV2 3HU2
£90K02/230.82 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£112.5K06/210.86 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£62K04/210.89 mi28, Banstead Close, Wolverhampton, West Midlands WV2 2QY2
£84K02/220.9 mi5, Tolworth Gardens, Wolverhampton, West Midlands WV2 2QX2
£55K07/230.93 mi759, Parkfield Road, Wolverhampton, West Midlands WV4 6EE2
£57.5K07/230.93 mi762, Parkfield Road, Wolverhampton, West Midlands WV4 6EE2
£104.5K10/220.95 mi180, Albion Street, Wolverhampton, West Midlands WV1 3EJ2
£105K08/210.95 mi145, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£102K12/200.95 mi213, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EJ2
£90K10/210.97 mi53, Albion Street, Horseley Fields, Wolverhampton, West Midlands WV1 3EB2
£131K02/230.98 mi86, Albion Street, Wolverhampton, West Midlands WV1 3EG2
£71.5K04/220.98 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2

Local Rents

20 rents from £695/mo to £1.3K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£85011/240.03 miPennant Court, Wolverhampton, WV32
£95003/250.04 mi-2
£95011/240.05 mi-2
£87511/240.15 miLea Road, Wolverhampton2
£87503/250.2 mi-2
£84003/250.21 mi-2
£75002/250.22 mi-2
£79511/240.33 miGraiseley Street, Penn Fields2
£1,00004/250.36 mi-2
£90011/240.4 mi-2
£92511/240.44 miCopthorne Road, Wolverhampton2
£85011/240.45 miHazara House, Wolverhampton2
£1,10011/240.46 mi-2
£89512/240.48 mi-2
£77511/240.5 miDudley Road, Blakenhall, Wolverhampton2
£1,25011/240.51 mi-2
£97511/240.55 miChapel Ash, Wolverhampton, West Midlands, WV32
£79511/240.57 miByrne Road, Blakenhall, Wolverhampton2
£69511/240.58 miBrown Street, Wolverhampton, West Midlands, WV22
£95004/250.62 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

1.32 miles away

Nearest school

0.10 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £125,000

March 24, 2025

Floor Plans

Description

  • Private Location +
  • Allocated Parking +
  • Close to Local Amenities +
  • Close to Wolverhampton City Centre +
  • Good Transport Links +
  • Excellent Location +
  • No Upward Chain +

NO UPWARD CHAIN! | MUST BE SEEN | A two-bedroom apartment close to Wolverhampton City Centre with allocated parking and excellent transport links. Situated in the sought-after Pennant Court in Wolverhampton, this impressive apartment is now available for sale with no upward chain. Boasting two bedrooms, two bathrooms, and a spacious reception room, this property offers a comfortable and convenient living space, with tenants currently in-situ.

The apartment features a modern property style and is conveniently located close to Wolverhampton City Centre, ensuring easy access to local amenities and excellent transport links. Additionally, the property benefits from allocated parking in a private location, providing both security and convenience for residents.

Don't miss the opportunity to own this fantastic property in an excellent location. Contact us today to arrange a viewing!

Tenure: Leasehold
Years remaining: 102
Ground Rent: £105pa
Service Charge: £2098pa
(WE ARE ADVISED BY THE VENDOR)

EPC: C

Council Tax Band: B

Parking: Allocated

Heating: Electric

Property Type: Apartment
Reception 1

Kitchen

Bedroom 1

Bedroom 2

Bathroom 1

Bathroom 2

Parking

Every care has been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point which is particularly important to you, please obtain professional confirmation. Alternatively, we will be pleased to check the information for you. All measurements quoted are approximate. Any Fixtures, Fittings and Appliances referred to have not been tested and therefore no guarantee can be given that they are in working order. These particulars do not constitute a contract or part of a contract.

Private Location

Allocated Parking

Close to Local Amenities

Close to Wolverhampton City Centre

Good Transport Links

Excellent Location

No Upward Chain

Agent Details

Concentric Sales & Lettings, Wolverhampton

01902 953085

Next Steps?

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