2-bedroom flat · WV6 8HU
For saleReduced £5k (−3.7%) on 22 SepListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the second floor in the sought-after Tettenhall Wood area, this flat offers an excellent opportunity for buyers looking to add value through refurbishment and modernisation.
The property provides well proportioned accommodation with good natural light throughout and has the potential to be transformed into a comfortable home or investment property.
While the flat would benefit from updating and general improvement works, it offers a blank canvas for purchasers to renovate to their own taste and specification.
The accommodation consits of an entrance hallway, living area, kitchen, two bedrooms and a bathroom.
Communal gardens, communal parking and a garage with scope to enhance both presentation and functionality.
Conveniently located close to local amenities, shops, public transport links, and nearby green spaces, the property enjoys a popular residential setting with easy access to Wolverhampton city centre and Tettenhall Village.
Lease information Lease Start Date 1st January 1986 Lease Term 999 years Service Charge £106 approx pcm Ground rent £1 Services tba Communal parking and garage Mobile coverage from all four major networks available* Ultrafast broadband available* *Results provided by Ofcom and correct at time of listing Anti-Money Laundering (aml) Checks We are required by law to conduct anti-money laundering checks on all those buying a property.
DB Roberts retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly. The initial checks are performed using Movebutler.
The cost of these checks is £20 Plus VAT (£24) for the first buyer and £10 Plus VAT (£12) for every additional buyer.
This fee covers the cost of obtaining relevant data and any manual checks or monitoring which might be required.
This fee will need to be paid by you in advance, ahead of us issuing a memorandum of sale and is non-refundable.
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 Flat 7,, Richmere Court, Mount Road, Wolverhampton
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