5 Bed HMO, Wolverhampton, WV1 4PJ, £339,950

Park Road West, Wolverhampton, WV1 4PJ - 6 views - 2 months ago

HMO

ROI: 3%

~178 m²

+22 photos

ValuationUndervalued

Sold Prices	£130K - £985K
Sold Prices/m²	£995/m² - £4.9K/m²

Square Metres	~178.28 m²
Price/m²	£1.9K/m²
Value Estimate	£414,664£414,664
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£84,988£84,988
Stamp Duty & Legal Fees	£15,900£15,900
Total Cash In	£100,888£100,888

Cash Out
Room Rate	£481£481
Gross Rent	£2,405£2,405
Running Costs/mo	£2,143£2,143
Cashflow/mo	£262£262
Cashflow/yr	£3,148£3,148
ROI	3%3%
Gross Yield	8%8%

Local Sold Prices

48 sold prices from £130K to £985K, average is £387.5K. £995/m² to £4.9K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£380K	03/21	0.11 mi	63, Park Road East, Wolverhampton, West Midlands WV1 4QB	£4,578	83	5	Semi-Detached House
£405K	05/23	0.44 mi	173, Tettenhall Road, Wolverhampton, West Midlands WV6 0BZ	£1,784	227	5	Semi-Detached House
£186.5K	01/21	0.5 mi	44, Dunstall Avenue, Wolverhampton, West Midlands WV6 0ND	£1,847	101	5	Semi-Detached House
£285K	04/21	0.51 mi	23, Westland Road, Wolverhampton, West Midlands WV3 9NZ	-	-	5	Semi-Detached House
£200K	02/21	0.57 mi	8, Merridale Road, Wolverhampton, West Midlands WV3 9SB	£995	201	5	Terraced House
£360K	06/21	0.93 mi	15, York Avenue, Finchfield, Wolverhampton, West Midlands WV3 9BZ	£1,979	182	5	Semi-Detached House
£486K	06/21	0.99 mi	57, Lower Street, Wolverhampton, West Midlands WV6 9LW	£2,928	166	5	Detached House
£385K	09/21	1.04 mi	12, York Avenue, Finchfield, Wolverhampton, West Midlands WV3 9BU	-	-	5	Semi-Detached House
£287K	06/21	1.1 mi	138, Springfield Road, Wolverhampton, West Midlands WV10 0LG	£1,794	160	5	Detached House
£130K	10/20	1.11 mi	82, Norfolk Road, Wolverhampton, West Midlands WV3 0JA	£1,140	114	5	Semi-Detached House
£342K	08/21	1.12 mi	40a, Oaklands Road, Wolverhampton, West Midlands WV3 0DS	£1,745	196	5	Detached House
£270K	02/23	1.14 mi	150, Lea Road, Wolverhampton, West Midlands WV3 0LQ	-	-	5	Semi-Detached House
£625K	04/21	1.17 mi	8c, Stockwell Road, Wolverhampton, West Midlands WV6 9AX	£3,613	173	5	Detached House
£590K	12/20	1.23 mi	26, Stockwell Road, Wolverhampton, West Midlands WV6 9PG	£2,379	248	5	Detached House
£487.5K	01/21	1.23 mi	3, Captains Close, Wolverhampton, West Midlands WV3 9EA	£2,413	202	5	Detached House
£450K	12/20	1.3 mi	9, Wincote Drive, Wolverhampton, West Midlands WV6 8LR	£2,601	173	5	Detached House
£467K	03/21	1.32 mi	3, Highlands Road, Wolverhampton, West Midlands WV3 8AG	-	-	5	Detached House
£760K	12/20	1.33 mi	The Grange, Grange Road, Tettenhall, Wolverhampton, West Midlands WV6 8RE	-	-	5	Detached House
£170K	12/22	1.34 mi	58, Mason Street, Wolverhampton, West Midlands WV2 3AG	£1,189	143	5	Terraced House
£600K	02/21	1.4 mi	21, Corfton Drive, Tettenhall, Wolverhampton, West Midlands WV6 8NR	£4,687	128	5	Detached House
£382K	04/21	1.4 mi	33, Copthorne Road, Penn Fields, Wolverhampton, West Midlands WV3 0AB	-	-	5	Semi-Detached House
£438K	03/21	1.42 mi	19, Highlands Road, Wolverhampton, West Midlands WV3 8AH	-	-	5	Detached House
£985K	10/22	1.45 mi	11, Coppice Road, Wolverhampton, West Midlands WV3 8BJ	£3,731	264	5	Detached House
£362.5K	05/21	1.49 mi	121, Trysull Road, Wolverhampton, West Midlands WV3 7JG	£1,949	186	5	Semi-Detached House
£380K	04/21	1.53 mi	30, Meadow Road, Finchfield, Wolverhampton, West Midlands WV3 8EZ	£3,838	99	5	Semi-Detached House
£390K	03/23	1.58 mi	2, Tudor Crescent, Wolverhampton, West Midlands WV2 4PX	£2,042	191	5	Detached House
£440K	12/21	1.6 mi	25, Redhouse Road, Wolverhampton, West Midlands WV6 8SU	-	-	5	Detached House
£325K	07/21	1.65 mi	11, Needwood Close, Wolverhampton, West Midlands WV2 4PP	£2,273	143	5	Detached House
£325K	07/21	1.65 mi	11, Needwood Close, Wolverhampton, West Midlands WV2 4PP	£2,273	143	5	Detached House
£630K	06/21	1.66 mi	Greyfriars, Links Avenue, Wolverhampton, West Midlands WV6 9QF	£3,182	198	5	Detached House
£141.5K	02/21	1.68 mi	14, Knox Road, Blakenhall, Wolverhampton, West Midlands WV2 3EF	£1,335	106	5	Terraced House
£695K	06/23	1.81 mi	43, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HP	-	-	5	Detached House
£705K	03/23	1.82 mi	82a, Wrottesley Road, Tettenhall, Wolverhampton, West Midlands WV6 8SH	£4,930	143	5	Detached House
£419K	06/21	1.88 mi	11, Mount Road, Penn, Wolverhampton, West Midlands WV4 5SN	£2,182	192	5	Semi-Detached House
£368K	03/21	1.9 mi	6, Brompton Lawns, Wolverhampton, West Midlands WV6 8EH	£3,286	112	5	Detached House
£519K	01/21	1.9 mi	23, Torvale Road, Wolverhampton, West Midlands WV6 8NL	£2,761	188	5	Detached House
£350K	09/21	1.9 mi	58, Coniston Road, Wolverhampton, West Midlands WV6 9DS	-	-	5	Semi-Detached House
£375K	10/23	1.91 mi	304, Penn Road, Wolverhampton, West Midlands WV4 4AQ	£3,123	120	5	Semi-Detached House
£292K	10/20	1.91 mi	300, Penn Road, Wolverhampton, West Midlands WV4 4AQ	£1,698	172	5	Semi-Detached House
£545K	04/21	1.92 mi	22, Ednam Road, Wolverhampton, West Midlands WV4 5BW	-	-	5	Terraced House
£490K	03/21	1.97 mi	78, Mount Road, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HQ	-	-	5	Detached House
£420K	04/23	1.98 mi	6, Rudd Gardens, Wolverhampton, West Midlands WV10 0TL	-	-	5	Detached House
£210K	06/21	1.98 mi	116, Woodthorne Road South, Tettenhall, Wolverhampton, West Midlands WV6 8SW	£2,019	104	5	Detached House
£650K	10/23	1.98 mi	79, Mill Lane, Tettenhall Wood, Wolverhampton, West Midlands WV6 8HE	£3,611	180	5	Detached House
£420K	02/23	1.98 mi	11, Osborne Road, Wolverhampton, West Midlands WV4 4BA	£2,857	147	5	Semi-Detached House
£392.5K	12/20	2 mi	27, Appleton Crescent, Wolverhampton, West Midlands WV4 5TW	£2,611	150	5	Detached House
£280K	02/21	2 mi	95, Himley Crescent, Wolverhampton, West Midlands WV4 5DE	£2,121	132	5	Semi-Detached House
£375K	06/21	2 mi	37a, Himley Crescent, Wolverhampton, West Midlands WV4 5DE	-	-	5	Semi-Detached House

Local Area Statistics

Population in WV1	16,41316,413
Population in Wolverhampton	260,353260,353
Town centre distance	0.94 miles away0.94 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.93 miles away0.93 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+29%+29%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+44%+44%

Property History

Price changed to £339,950

March 21, 2025

Listed for £340,000

February 12, 2025

Floor Plans

Description

Hugely Extended Semi Detached Property! +
Five Bedrooms! +
Sought After Location! +
West Park Views! +
Ample Parking! +
Close To Local Amenities! +
Modern Kitchen! +
Driveway For 3 Cars! +
Viewing Highly Recommended! +
Virtual tour available! +

Call us 9AM - 9PM -7 days a week, 365 days a year! Wow! Massively Extended Semi! Overlooking West Park! Belvoir are pleased to present this wonderful FIVE BEDROOM semi detached house to the market. This huge house is perfect for a large family or potential for HMO conversion (STPP), only being a 15 minute walk (through a park!) to Wolverhampton City.

Internally the property comprises of FIVE DOUBLE BEDROOMS, Three Huge Reception Rooms, Two Bathrooms (inc. One Ensuite), a Conservatory and a Modern Fitted Kitchen. There is parking for 4 cars on the driveway plus garage space and although the house has been extended, there's still plenty of garden space for relaxation. This wonderful home can be transformed into the home of your dreams with massive potential for respec. Call now for your viewing to appreciate the space on offer. EPC rating: D. Tenure: Freehold,

Agent Details

Belvoir Sales, Walsall

01922 661500

Next Steps?

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

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