3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV4 4JA, £215,000

Rutland Avenue, Wolverhampton, WV4 4JA - 14 views - a year ago

Under Offer

Refurb/BRRR

ROI: 2%

~95 m²

+10 photos

ValuationFair Value

Sold Prices	£56K - £350K
Sold Prices/m²	£491/m² - £4K/m²

Square Metres	~95 m²
Price/m²	£2.3K/m²
Value Estimate	£215,000£215,000

End Value (After Refurb)	£265,774£265,774
Uplift in Value	+24%+24%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£53,750£53,750
Stamp Duty & Legal Fees	£7,650£7,650
Refurb Costs	£37,591£37,591
Bridging Loan Interest	£5,644£5,644
Total Cash In	£106,385£106,385

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£265,774£265,774
Mortgage (After Refinance)	£199,330£199,330
Mortgage LTV	75%75%
Cash Released	£38,080£38,080
Cash Left In	£68,305£68,305
Equity	£66,443£66,443
Rent Range	£875 - £2,700£875 - £2,700
Rent Estimate	£1,245
Running Costs/mo	£1,100£1,100
Cashflow/mo	£145£145
Cashflow/yr	£1,745£1,745
ROI	2%2%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £56K to £350K, average is £232.5K. £491/m² to £4K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£56K	12/22	0.01 mi	164, Rutland Avenue, Wolverhampton, West Midlands WV4 4JA	£491	114	3	Semi-Detached House
£280K	01/23	0.05 mi	30, Tenbury Gardens, Wolverhampton, West Midlands WV4 4JD	-	-	3	Detached House
£224.9K	08/21	0.05 mi	13, Fancourt Avenue, Wolverhampton, West Midlands WV4 4HY	£3,082	73	3	Semi-Detached House
£230K	06/23	0.05 mi	31, Tenbury Gardens, Wolverhampton, West Midlands WV4 4JD	-	-	3	Detached House
£265K	09/22	0.06 mi	41, Fancourt Avenue, Wolverhampton, West Midlands WV4 4HZ	£2,944	90	3	Terraced House
£250K	11/22	0.06 mi	6, Tenbury Gardens, Wolverhampton, West Midlands WV4 4JF	-	-	3	Detached House
£192K	09/23	0.07 mi	11, Wynchcombe Avenue, Penn, Wolverhampton, West Midlands WV4 4JG	£2,783	69	3	Terraced House
£188K	11/20	0.07 mi	41, Wynchcombe Avenue, Penn, Wolverhampton, West Midlands WV4 4JG	£2,293	82	3	Semi-Detached House
£196.5K	11/22	0.1 mi	4, Rochford Grove, Wolverhampton, West Midlands WV4 4JS	-	-	3	Detached House
£200K	03/21	0.1 mi	8, Rochford Grove, Wolverhampton, West Midlands WV4 4JS	-	-	3	Terraced House
£178.5K	04/21	0.13 mi	30, Hollybush Lane, Wolverhampton, West Midlands WV4 4JJ	£2,100	85	3	Semi-Detached House
£160K	12/20	0.13 mi	8, Hollybush Lane, Wolverhampton, West Midlands WV4 4JJ	£1,778	90	3	Semi-Detached House
£238K	06/21	0.14 mi	31, Scott Avenue, Wolverhampton, West Midlands WV4 4HJ	-	-	3	Semi-Detached House
£250K	02/23	0.14 mi	6, Scott Avenue, Wolverhampton, West Midlands WV4 4HJ	-	-	3	Semi-Detached House
£277.5K	10/23	0.14 mi	75, Canterbury Road, Penn, Wolverhampton, West Midlands WV4 4EQ	-	-	3	Detached House
£305K	04/23	0.14 mi	17, Canterbury Road, Penn, Wolverhampton, West Midlands WV4 4EQ	-	-	3	Detached House
£240K	08/23	0.15 mi	24, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	£2,857	84	3	Semi-Detached House
£235K	12/23	0.15 mi	46, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	-	-	3	Semi-Detached House
£266K	05/23	0.15 mi	50, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	-	-	3	Semi-Detached House
£188K	02/21	0.15 mi	60, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	£1,899	99	3	Semi-Detached House
£210K	11/20	0.15 mi	63, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	£2,414	87	3	Semi-Detached House
£265K	01/23	0.15 mi	74, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	£3,397	78	3	Semi-Detached House
£247.5K	10/23	0.15 mi	25, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	-	-	3	Semi-Detached House
£230K	12/20	0.15 mi	56, Lytton Avenue, Penn, Wolverhampton, West Midlands WV4 4HL	£2,674	86	3	Semi-Detached House
£220K	03/21	0.15 mi	60, Canterbury Road, Penn, Wolverhampton, West Midlands WV4 4EH	£2,857	77	3	Semi-Detached House
£240K	03/21	0.15 mi	14, Canterbury Road, Penn, Wolverhampton, West Midlands WV4 4EH	£2,353	102	3	Semi-Detached House
£210K	03/21	0.18 mi	50, Regent Road, Wolverhampton, West Midlands WV4 4EL	£2,838	74	3	Semi-Detached House
£240K	11/23	0.18 mi	17, Regent Road, Wolverhampton, West Midlands WV4 4EL	£3,022	79	3	Semi-Detached House
£350K	12/23	0.18 mi	448, Penn Road, Wolverhampton, West Midlands WV4 4HP	£4,023	87	3	Semi-Detached House
£250K	01/23	0.21 mi	45, Warstones Crescent, Wolverhampton, West Midlands WV4 4LQ	-	-	3	Semi-Detached House
£190K	04/21	0.21 mi	34, Warstones Crescent, Wolverhampton, West Midlands WV4 4LQ	£2,639	72	3	Semi-Detached House
£285K	01/23	0.23 mi	42, Fairview Road, Penn, Wolverhampton, West Midlands WV4 4TE	£3,958	72	3	Semi-Detached House
£245K	10/21	0.23 mi	94, Fairview Road, Penn, Wolverhampton, West Midlands WV4 4TE	-	-	3	Semi-Detached House
£220K	10/21	0.23 mi	54, Fairview Road, Penn, Wolverhampton, West Midlands WV4 4TE	£2,821	78	3	Semi-Detached House
£285K	04/23	0.23 mi	138, Fairview Road, Penn, Wolverhampton, West Midlands WV4 4TE	-	-	3	Semi-Detached House
£208K	04/21	0.23 mi	48, Fairview Road, Penn, Wolverhampton, West Midlands WV4 4TE	£2,213	94	3	Semi-Detached House
£330K	07/23	0.24 mi	67, Pinfold Lane, Penn, Wolverhampton, West Midlands WV4 4EN	£2,821	117	3	Semi-Detached House
£245K	05/23	0.24 mi	71, Pinfold Lane, Penn, Wolverhampton, West Midlands WV4 4EN	-	-	3	Semi-Detached House
£285K	07/23	0.24 mi	42, Pinfold Lane, Penn, Wolverhampton, West Midlands WV4 4EW	-	-	3	Semi-Detached House
£216K	08/21	0.26 mi	35, Fairview Road, Penn, Wolverhampton, West Midlands WV4 4TD	-	-	3	Semi-Detached House
£230K	03/21	0.26 mi	27, Fairview Road, Penn, Wolverhampton, West Midlands WV4 4TD	£3,026	76	3	Semi-Detached House
£195K	11/23	0.27 mi	199, Warstones Drive, Wolverhampton, West Midlands WV4 4NQ	£2,403	81	3	Terraced House
£325K	10/23	0.27 mi	74, Pinfold Lane, Penn, Wolverhampton, West Midlands WV4 4EP	£3,571	91	3	Semi-Detached House
£125K	03/21	0.28 mi	5, Ludstone Avenue, Wolverhampton, West Midlands WV4 4QP	-	-	3	Semi-Detached House
£335K	05/23	0.29 mi	37, Woodhall Road, Wolverhampton, West Midlands WV4 4DL	-	-	3	Detached House
£230K	11/20	0.29 mi	65, Braden Road, Wolverhampton, West Midlands WV4 4JL	£3,026	76	3	Detached House
£263K	03/21	0.29 mi	16, Woodhall Road, Wolverhampton, West Midlands WV4 4DJ	£2,287	115	3	Detached House
£154K	11/20	0.3 mi	48, Claverley Drive, Wolverhampton, West Midlands WV4 4QW	£1,571	98	3	Semi-Detached House
£145.5K	01/24	0.32 mi	19, Reedham Gardens, Penn, Wolverhampton, West Midlands WV4 4HE	-	-	3	Terraced House
£130K	07/23	0.32 mi	21, Reedham Gardens, Penn, Wolverhampton, West Midlands WV4 4HE	-	-	3	Terraced House

Local Rents

25 rents from £875/mo to £2.7K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	11/24	0.14 mi	-	3	Semi-Detached House
£1,400	11/24	0.23 mi	Fairview Road, Wolverhampton	3	Flat
£1,400	11/24	0.23 mi	Fairview Road, Penn, WOLVERHAMPTON	3	Flat
£1,150	01/24	0.29 mi	-	3	Semi-Detached House
£1,200	11/24	0.43 mi	-	3	Semi-Detached House
£1,300	11/24	0.51 mi	23 Brenton Road, Penn, Wolverhampton	3	Detached House
£1,300	11/24	0.58 mi	Glade Gardens, Warstones, Wolverhampton	3	Detached House
£875	11/24	0.6 mi	Swan Bank, Wolverhampton	3	Flat
£1,500	12/24	0.6 mi	-	3	Semi-Detached House
£1,295	11/24	0.63 mi	Wakeley Hill, Penn, Wolverhampton	3	Detached House
£1,300	11/24	0.7 mi	-	3	Semi-Detached House
£1,450	02/25	0.7 mi	-	3	Semi-Detached House
£1,400	02/25	0.77 mi	-	3	Semi-Detached House
£1,400	11/24	0.78 mi	19A Woodfield Avenue, Penn	3	Detached House
£2,700	04/25	0.82 mi	-	3	Detached House
£975	11/24	1 mi	1 Bamber Close, Bradmore, Wolverhampton	3	Flat
£1,300	02/25	1.02 mi	-	3	Semi-Detached House
£1,095	02/25	1.04 mi	-	3	Terraced House
£1,200	12/24	1.12 mi	-	3	Terraced House
£1,300	04/25	1.18 mi	-	3	Detached House
£1,350	12/24	1.21 mi	-	3	Semi-Detached House
£1,350	04/25	1.21 mi	-	3	Semi-Detached House
£1,300	11/24	1.23 mi	-	3	Semi-Detached House
£1,200	01/25	1.23 mi	-	3	Terraced House
£1,200	01/25	1.23 mi	-	3	Terraced House

Local Area Statistics

Population in WV4	34,29534,295
Population in Wolverhampton	260,353260,353
Town centre distance	1.77 miles away1.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.34 miles away2.34 miles away

Rental growth (12m)	+30%+30%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £215,000

April 25, 2024

Floor Plans

Description

No upwards chain. +
Offers invited for consideration +
Traditional semi-detached house +
3 Bedrooms +
Enclosed carport +
EPC - (67=D) +

Presenting a traditional semi-detached house, within the popular area of Penn, to the South-West of the city and well served by extensive local amenities, including shops, schools, and bus routes etc. The three bedroomed property benefits from majority double-glazing, and partial central heating (both where specified), has well-kept gardens, driveway, and gated carport. The property would benefit from a future scheme of re-modernisation and offers great potential for remodelling. There is no upwards chain and offers are invited for consideration.

Agent Details

Rees Page Estate Agents & Solicitors, Wolverhampton

01902 953217

Next Steps?

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