2-bedroom flat · WV13 2NW
Sold STCListed 192 days
Opportunity summary
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Positioned on the sixth floor of The Pinnacle on Gomer Street, Wednesfield , this well-presented two-bedroom flat offers an excellent opportunity for first-time buyers and buy-to-let investors alike.
Offered to the market with no upward chain and vacant possession , the property is ready for a new purchaser to move straight into or, for those looking to invest, begin preparing for the rental market without the need for any significant works!
Having been very well cared for by its previous occupier, the accommodation is presented in a clean and well-maintained condition throughout, making this an appealing option for buyers seeking a property that can be enjoyed from day one.
Its two-bedroom layout provides flexibility for a range of purchasers, whether used as a first home, a convenient base close to Wolverhampton and the surrounding areas, or as an addition to an existing rental portfolio.
For investors in particular, the property represents an attractive buy-to-let prospect, with an anticipated rental income of approximately £675 per calendar month , equating to around £8,100 per annum .
Combined with the property’s ready-to-let condition and convenient location, this makes it a compelling option for landlords seeking a straightforward investment opportunity.
Location is another of the property’s major strengths. The Pinnacle sits within Wednesfield Town Centre , placing an excellent selection of everyday amenities, shops and services within easy reach.
The area is also well served by local schools and transport links, while providing convenient access towards Wolverhampton city centre and the wider road network, making the property particularly well suited to commuters and those wanting the convenience of town-centre living.
The property further benefits from a lengthy lease with approximately 104 years remaining .
Ground rent is currently payable at £150 per annum , with a service charge of approximately £1,524.58 per annum .
With its combination of two-bedroom accommodation, sixth-floor position, excellent Wednesfield location and well-maintained interior, this property offers plenty of appeal to both owner-occupiers and investors.
The added advantages of vacant possession and no upward chain make for a potentially straightforward purchase, while its anticipated rental income provides clear appeal to the buy-to-let market.
An internal viewing is highly recommended to appreciate the condition, convenience and overall potential this property has to offer.
Whether searching for a first step onto the property ladder or a well-positioned investment opportunity, this is a property that should certainly be considered!
Lease: 104 years remaining Ground rent: £150.00 per annum Service Charge: £1,524.58 per annum EPC rating: C.
Tenure: Leasehold, Length of lease (remaining): 99 years 9 months, Access Via Communal door to: Entrance Hallway A spacious 'L-shaped' hallway having doors leading to two bedrooms, two bathrooms and open plan living room/kitchen.
Living Room 5.28m x 2.97m (17'4" x 9'9") A well sized living room having a front double glazed window with views and an electric fire.
Kitchen 3.05m x 2.01m (10'0" x 6'7") Having a rear double glazed window, a range of wall and base units with worktops over, sink and drainer, integrated electric oven, integrated electric hob and complementary tiling.
Bedroom One 4.34m x 2.82m (14'3" x 9'3") A large main bedroom having a rear double glazed window and built in wardrobes.
Bedroom Two 4.32m x 2.39m (14'2" x 7'10") Another well sized double with a rear double glazed window and built in wardrobes.
Shower Room Having a low level WC, shower cubicle, pedestal wash hand basin, extractor fan and complementary tiling.
Family Bathroom Having a bath with mixer taps, pedestal wash hand basin and low level WC.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 50 Gomer Street, Willenhall, Wolverhampton, WV13
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