1-bedroom flat · WV6 8PE
For saleListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One Bedroom retirement apartment located within Beechwood Court, an ideally positioned retirement complex towards the head of a quiet cul-de-sac in the heart of desirable Tettenhall Wood.
Available with No Onward Chain the property is positioned on the second floor with lift access, and comprises entrance hall, living room, kitchen, double bedroom and shower room.
The development benefits from the services of a house manager, 24 hour emergency pull cord system, communal lounge, laundry and drying room, residents parking and lift access.
Entrance Hall - Electric heater and doors to: Living Room - 4.38m x 3.56m (14'4" x 11'8") - Double glazed window, useful storage cupboard and an opening to the kitchen.
Kitchen - 2.21m x 1.8m (7'3" x 5'10") - Part tiled walls, wall, drawer and base units with roll edge work surfaces over incorporating a stainless steel sink and drainer unit with mixer tap, 4 ring electric hob and space for household appliances beneath.
Bedroom - 5.37m x 2.64m (17'7" x 8'7") - Double glazed window and fitted wardrobe. Bathroom - Tiled walls and suite comprising close coupled w.c, wash hand basin, panelled bath with shower above.
Property Information - Title - The property is understood to be leasehold with a current lease term of 125 years from 1 August 1987.
We understand that the most recent annual ground rent was £494.00 and most recent annual service charge £3,604.00.
Services - The agents understands that mains water, electricity and drainage are available.
Council Tax - Wolverhampton City Council - Tax Band B Anti-Money Laundering Regulations - In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, successful purchasers must complete an Anti-Money Laundering (AML) check.
We use a specialist third-party service to verify your identity. The cost of these checks is £25.00 (including VAT) for each purchaser and any giftors contributing funds.
This check is done prior to the issue of a sales memorandum. Please note that this charge is non-refundable.
Broadband - Ofcom checker shows Standard, Superfast & Ultrafast are available Mobile Coverage - Mobile data coverage is constantly changing, please use the property postcode and this link for the most up to date information from Ofcom - Ofcom provides an overview of what is available.
Potential purchasers should contact their preferred supplier to confirm availability and speed. Flood Risk - Please use this link to check the long term flood risk for an area in England -
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 Corfton Drive, Tettenhall
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