1-bedroom flat · WV11 1RB
Listing removedListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CASH BUYERS ONLY DUE TO SHORT LEASE - Immaculately presented one bedroom ground floor apartment situated in an extremely popular location close to New Cross Hospital with a range of amenities nearby including schools, shops and access to public transport.
Whilst the property is available to cash buyers only due to a short lease, it would make an excellent buy to let investment or first time buy and features spacious accommodation comprising entrance porch, living room, kitchen, bedroom, shower room, communal gardens and a garage to the rear.
Approach - The property is approached via a paved footpath. Entrance Porch - Ceiling down lighters and door to the living room.
Living Room - 4.55m x 2.94m (14'11" x 9'7") - Double glazed window to the front, radiator and door to the hallway.
Hallway - Radiator, two useful storage cupboards and doors to: Kitchen - 3.42m x 2.85m (11'2" x 9'4") - Ceiling down lighters, radiator, tiled walls and a range of fitted wall, drawer and base units with roll edge work surfaces over incorporating a stainless steel sink and drainer unit with mixer tap.
There is a cupboard housing the combination boiler, a built in electric oven and grill, 5 ring gas hob and space for various household appliances including fridge freezer and plumbing for a washing machine.
A part glazed door provides access to the rear. Bedroom - 4.29m x 2.72m (14'0" x 8'11") - Double glazed window to the rear and radiator.
Shower Room - Double glazed obscure window to the side, ceiling down lighters, radiator and suite comprising close coupled w.c, pedestal wash hand basin and corner shower enclosure.
Rear Garden - To the rear of the property is a communal garden. Garage - Single garage located to the rear.
Property Information - Title - The property is understood to be leasehold with lease term of 99 years from 25 December 1978. The annual service charge & ground rent is approximately £699.00 combined.
Services - The agents understands that mains gas, water, electricity and drainage are available.
Council Tax - Wolverhampton City Council - Tax Band A 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Prestwood Road, Wolverhampton
Explore nearby