Potential 4-Bed HMO, Wolverhampton, WV11 2HZ, £200,000

Kitchen Lane, Wolverhampton, WV11 2HZ - 3 views - a month ago

Under Offer
HMO
ROI: 2%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£103K - £253K
Sold Prices/m²£1.5K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£214,920
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£1,378

Cashflow/mo

£123

Cashflow/yr

£1,470

ROI

2%

Gross Yield

9%

Local Sold Prices

54 sold prices from £103K to £253K, average is £191.5K. £1.5K/m² to £3.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£157K04/210.07 mi29, Whitehouse Crescent, Wolverhampton, West Midlands WV11 2HH3
£245K01/230.1 mi134, Kitchen Lane, Wednesfield, Wolverhampton, West Midlands WV11 2HZ3
£117K01/210.12 mi9, Thornley Road, Wolverhampton, West Midlands WV11 2HR3
£215K11/230.12 mi13, Thornley Road, Wolverhampton, West Midlands WV11 2HR3
£145K11/200.15 mi17, Birch Road, Wolverhampton, West Midlands WV11 2HA3
£145K06/210.16 mi27, Leveson Road, Wolverhampton, West Midlands WV11 2HF3
£200K03/230.16 mi42, Leveson Road, Wolverhampton, West Midlands WV11 2HF3
£210K08/230.16 mi27, Leveson Road, Wolverhampton, West Midlands WV11 2HF3
£210K08/230.16 mi27, Leveson Road, Wolverhampton, West Midlands WV11 2HF3
£103K04/240.16 mi44, Leveson Road, Wolverhampton, West Midlands WV11 2HF3
£193K11/230.17 mi35, Barnard Road, Wolverhampton, West Midlands WV11 2JY3
£165K08/230.17 mi165, Griffiths Drive, Wolverhampton, West Midlands WV11 2JR3
£155K01/210.17 mi183, Griffiths Drive, Wolverhampton, West Midlands WV11 2JS3
£145K01/210.17 mi181, Griffiths Drive, Wolverhampton, West Midlands WV11 2JS3
£174K01/230.19 mi139, Griffiths Drive, Wolverhampton, West Midlands WV11 2JP3
£177K10/230.19 mi7, Cleveland Close, Wolverhampton, West Midlands WV11 2HT3
£185K08/210.2 mi256, Kitchen Lane, Wednesfield, Wolverhampton, West Midlands WV11 2HY3
£130K04/210.24 mi11, Raven Crescent, Wolverhampton, West Midlands WV11 2EX3
£142K03/230.24 mi11, Raven Crescent, Wolverhampton, West Midlands WV11 2EX3
£155K06/230.24 mi35, Millbank Street, Wolverhampton, West Midlands WV11 2HU3
£231K08/230.25 mi50, Kitchen Lane, Wednesfield, Wolverhampton, West Midlands WV11 2JB3
£231K08/230.25 mi50, Kitchen Lane, Wednesfield, Wolverhampton, West Midlands WV11 2JB3
£230K03/230.28 mi1, Ferguson Street, Wolverhampton, West Midlands WV11 2JU3
£225K02/230.28 mi13, Ferguson Street, Wolverhampton, West Midlands WV11 2JU3
£190K03/230.31 mi37, Wolmer Road, Wolverhampton, West Midlands WV11 2NL3
£120K11/200.31 mi27, Adey Road, Wednesfield, Wolverhampton, West Midlands WV11 2EL3
£150K05/210.32 mi8, Stanley Close, Wolverhampton, West Midlands WV11 2EJ3
£212K06/230.35 mi36, Coppice Close, Wolverhampton, West Midlands WV11 2NQ3
£221.5K06/230.36 mi30, Blackham Road, Wolverhampton, West Midlands WV11 2EN3
£165K11/200.39 mi9, Acorn Road, Wednesfield, Wolverhampton, West Midlands WV11 2NG3
£150K05/210.39 mi22, Acorn Road, Wednesfield, Wolverhampton, West Midlands WV11 2NG3
£193K03/240.39 mi53, Ashmore Avenue, Wolverhampton, West Midlands WV11 2NB3
£230K02/230.4 mi25, Ashmore Avenue, Wolverhampton, West Midlands WV11 2LT3
£230K04/230.4 mi97, Linthouse Lane, Wolverhampton, West Midlands WV11 3TW3
£146K04/210.42 mi20, Linthouse Lane, Wolverhampton, West Midlands WV11 3TN3
£230K12/200.43 mi16, Tonadine Close, Wolverhampton, West Midlands WV11 2LY3
£210K03/230.43 mi22, Hill Place, Wolverhampton, West Midlands WV11 2NF3
£215K02/210.44 mi9, Shardlow Road, Wolverhampton, West Midlands WV11 3AY3
£243K01/210.45 mi1, Exton Close, Wolverhampton, West Midlands WV11 2QR3
£180K10/220.45 mi21, Sandy Crescent, Wolverhampton, West Midlands WV11 2LU3
£166.5K03/210.47 mi47, Newey Road, Wolverhampton, West Midlands WV11 2PU3
£217K08/230.48 mi14, Clanfield Avenue, Wolverhampton, West Midlands WV11 2PJ3
£217K08/230.48 mi14, Clanfield Avenue, Wolverhampton, West Midlands WV11 2PJ3
£207K05/230.48 mi349, Griffiths Drive, Wolverhampton, West Midlands WV11 2LE3
£229.5K11/200.49 mi21, Rocester Avenue, Wolverhampton, West Midlands WV11 3AU3
£197.5K11/200.49 mi17, Rocester Avenue, Wolverhampton, West Midlands WV11 3AU3
£199.9K05/230.49 mi455, Griffiths Drive, Wolverhampton, West Midlands WV11 2LQ3
£253K02/230.5 mi25, Spondon Road, Wolverhampton, West Midlands WV11 3AP3
£221K06/210.51 mi47, Linthouse Lane, Wolverhampton, West Midlands WV11 3EF3
£152.5K03/210.51 mi1, Southall Road, Wolverhampton, West Midlands WV11 2PX3
£160K09/210.52 mi428, Griffiths Drive, Wolverhampton, West Midlands WV11 2LG3
£175K12/200.52 mi175, Linthouse Lane, Wolverhampton, West Midlands WV11 3TP3
£160.5K08/230.52 mi15, Woodside, Ashmore Park, Wolverhampton, West Midlands WV11 2PT3
£160.5K08/230.52 mi15, Woodside, Ashmore Park, Wolverhampton, West Midlands WV11 2PT3

Local Area Statistics

Population in WV11

34,832

Population in Wolverhampton

260,353

Town centre distance

4.60 miles away

Nearest school

0.40 miles away

Nearest train station

2.05 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £200,000

March 20, 2025

Floor Plans

Description

  • Close to Local Green Spaces +
  • Popular Location +
  • Spacious Property +
  • Driveway Parking +
  • Exciting Opportunity +
  • Good Access to Amenities +
  • Good Access to M6 +
  • Conservatory +

INCREDIBLE OPPORTUNITY | A Property For A Range Of Buyers | Popular Location| Off Road Parking | A semi-detached house, previously used as an HMO, offering an exciting opportunity for a range of buyers in the popular Ashmore Park area. Concentric Sales & Lettings is delighted to present this fantastic investment opportunity in the sought-after Ashmore Park area. This well-maintained semi-detached property previously operated as a five-bedroom HMO, making it an excellent choice for investors seeking a high-yield rental property or homebuyers looking for a spacious and versatile residence.

The ground floor features a welcoming entrance hallway leading to three reception rooms, offering ample living space and flexibility. There is also a shower room and a fully equipped kitchen, which benefits from an adjoining conservatory, providing additional light and space.

On the first floor, the property comprises three generously sized bedrooms, a shared bathroom, and a separate WC, ensuring comfort and convenience for all occupants. The layout makes it ideal for those looking to continue its use as a HMO or for a family seeking a well-proportioned home.

For investors, this property presents a highly attractive opportunity, with the potential to generate a gross annual income of over £25,000 when fully tenanted as an HMO. The demand for HMO accommodation in this area remains strong, ensuring a reliable and steady rental income.

Situated in a popular residential location, the property benefits from excellent transport links and a range of local amenities, making it an appealing choice for both tenants and homeowners. The area continues to attract interest, providing strong potential for long-term rental yields as well as capital appreciation.

This is a rare opportunity to acquire a property with such versatile potential. Whether you are an investor looking to expand your portfolio or a buyer searching for a spacious and adaptable home, this property is well worth considering.

Contact us today to arrange a viewing and secure this fantastic opportunity!

Tenure: Freehold

EPC: C

Council Tax Band: B

Property Type: Semi-Detached House

Parking: Driveway

Heating: Gas
Reception 1

Reception 2

Reception 3

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

Bathroom 1

Bathroom 2

Conservatory

Medium sized Garden

Parking

Central Heating

Double Glazing

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.

Close to Local Green Spaces

Popular Location

Spacious Property

Driveway Parking

Exciting Opportunity

Good Access to Amenities

Good Access to M6

Conservatory

Agent Details

Concentric Sales & Lettings, Wolverhampton

01902 953085

Next Steps?

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