2 Bed Flat, Single Let, Wolverhampton, WV3 9LF, £116,000

Merridale Road, Wolverhampton, WV3 9LF - 3 views - 2 years ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£71.5K - £179.9K
Sold Prices/m²£999/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£143,607
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,000

Stamp Duty & Legal Fees

£4,680

Total Cash In

£33,680

 

 

Cash Out

 

Rent Range

£725 - £4,000

Rent Estimate

£795

Running Costs/mo

£542

Cashflow/mo

£254

Cashflow/yr

£3,042

ROI

9%

Gross Yield

8%

Local Sold Prices

43 sold prices from £71.5K to £179.9K, average is £122K. £999/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£96K08/210 miFlat 131, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£105K02/210 miFlat 138, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£116.5K09/220 miFlat 141, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£107.5K11/220.02 miFlat 128, Merridale Court, Merridale Road, Wolverhampton, West Midlands WV3 9LF2
£123K04/210.41 mi1, Bantock Gardens, Wolverhampton, West Midlands WV3 9LP2
£122K11/220.43 miFlat 1, Lawton Court, Oaks Crescent, Chapel Ash, Wolverhampton, West Midlands WV3 9SH2
£165K12/230.44 mi9, Finchfield Road, Wolverhampton, West Midlands WV3 9LS2
£118K11/210.45 mi60a, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£134K03/230.45 mi56, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£140K05/230.45 mi68, Compton Road, Wolverhampton, West Midlands WV3 9PH2
£112.5K06/210.5 miApartment 18, Tettenhall Gate, Haden Hill, Wolverhampton, West Midlands WV3 9PN2
£90K02/230.56 miFlat 24, West Park Court, Connaught Road, Wolverhampton, West Midlands WV1 4SQ2
£71.5K04/220.57 mi70d, Tettenhall Road, Wolverhampton, West Midlands WV1 4TB2
£100K06/230.64 mi17, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£120K05/210.64 mi3, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£155K07/230.64 mi8, Park Dale Court, Wolverhampton, West Midlands WV1 4SR2
£96.5K10/200.74 mi18, Gail Park, Wolverhampton, West Midlands WV3 7JJ2
£85K04/230.74 mi27, Gail Park, Wolverhampton, West Midlands WV3 7JJ2
£95K06/210.75 mi23, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£120K08/220.75 mi22a, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£128.5K06/210.75 mi159a, Penn Road, Wolverhampton, West Midlands WV3 0ED2
£139.9K07/230.77 mi9, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£150K08/220.77 mi4, Spruce Way, Wolverhampton, West Midlands WV3 9EZ2
£179.9K12/200.77 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.77 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£178K08/230.77 mi7, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£179.9K12/200.77 mi8, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£175K04/210.77 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£160K02/230.77 mi11, Weller Court, Wolverhampton, West Midlands WV3 9EF2
£105K07/220.78 mi30, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.78 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£107K10/220.78 mi22, Market Square, Wolverhampton, West Midlands WV3 0NL2
£90K05/210.78 mi63, Market Square, Wolverhampton, West Midlands WV3 0NL2
£125K07/230.78 mi18, Chequerfield Drive, Penn Fields, Wolverhampton, West Midlands WV3 7DH2
£127K08/220.79 mi22, Stubbs Road, Penn Fields, Wolverhampton, West Midlands WV3 7DF2
£84K08/210.81 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£84K08/210.81 mi82, Worcester Street, Wolverhampton, West Midlands WV2 4LE2
£85K07/210.9 mi1a, Newhampton Road West, Whitmore Reans, Wolverhampton, West Midlands WV6 0RY2
£135K11/220.96 mi2, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£128K01/230.96 mi5, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£127K02/210.96 mi37, Lower Villiers Street, Wolverhampton, West Midlands WV2 4NA2
£135K11/220.96 mi14, The Courtlands, Wolverhampton, West Midlands WV6 0LT2
£143K11/220.98 mi17, Lea Bank, Wolverhampton, West Midlands WV3 9HN2

Local Rents

33 rents from £725/mo to £4K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£79511/240 miMerridale Road, Wolverhampton, WV32
£85004/250.26 mi-2
£85004/250.26 mi-2
£79903/250.31 mi-2
£85002/250.33 mi-2
£90011/240.37 mi-2
£79511/240.38 miCompton Road, Wolverhampton, West Midlands, WV32
£89510/240.38 mi-2
£97511/240.42 miMerridale Road, Wolverhampton, West Midlands, WV32
£80011/240.44 miHaden Hill, Wolverhampton2
£99511/240.44 miHaden Hill, Wolverhampton2
£87511/240.44 miHaden Hill, WOLVERHAMPTON2
£75002/250.44 mi-2
£1,00004/250.45 mi-2
£87503/250.45 mi-2
£82511/240.45 miTettenhall Gate, Haden Hill, Wolverhampton2
£84003/250.46 mi-2
£1,20011/240.46 mi-2
£1,10012/240.46 mi-2
£1,10001/250.46 mi-2
£85011/240.49 miTettenhall Gate, Tettenhall Road, Wolverhampton2
£4,00011/240.49 mi-2
£4,00011/240.49 mi-2
£92511/240.5 miHaden Hill, Wolverhampton2
£4,00011/240.51 mi-2
£87511/240.51 miLea Road, Wolverhampton2
£1,15011/240.54 mi-2
£85004/250.54 mi-2
£82511/240.54 miYork Avenue, Finchfield2
£72504/250.54 mi-2
£79511/240.59 miTettenhall Road, Wolverhampton, West Midlands2
£79511/240.6 miGraiseley Street, Penn Fields2
£89902/250.62 mi-2

Local Area Statistics

Population in WV3

29,663

Population in Wolverhampton

260,353

Town centre distance

0.67 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £116,000

October 11, 2023

Floor Plans

Description

  • Two Bedrooms +
  • DG & CH +
  • Communal gardens & parking +
  • Fixtures & Fittings included +
  • No upwards chain +
  • Offers invited for consideration +
  • EPC - (74=C) +

Ideally situated for the bustle of the City Centre, also with the wonderful Bantock Park and other local amenities at hand. The community that is Merridale Court is ideal for many. The two-bedroom ground floor apartment is well presented and clean, and spacious, typical of its type and era. It also benefits from radiator central heating and uPVC double glazing. Fixtures and fittings are included, there is no upwards chain, and offers are invited, so book a viewing now!

Agent Details

Rees Page Estate Agents & Solicitors, Wolverhampton

01902 953217

Next Steps?

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