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See how verdicts work2-bedroom flat · WV6 8HJ
Listing removedReduced £9.9k (−4.3%) on 25 MayListed 413 days
Opportunity summary
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About
A charming two-bedroom apartment retaining many original period features, ideally situated in a sought-after location.
Location - The property stands in a sought after location being accessed off Dippons Drive within easy reach of the wide ranging facilities afforded by Tettenhall Wood, Tettenhall Village and the Compton Shopping Centre.
There is easy accessed to the City Centre itself and the area is well served by schooling in both sectors.
Description - Dippons House was a former Arts and Craft Mansion in the prestigious area of Tettenhall.
In the 1960's, the surrounding farmland was sold for development and the house and gardens were restored into grand apartments retaining the period features.
The Rafters is a beautifully presented two bedroom apartment with tasteful décor throughout and benefits from off street parking.
Accommodation - There is pedestrian gated access to the courtyard with a door opening into the communal entrance hall, the apartment is located on the second floor with a door opening into the HALL having a double glazed roof light and storage cupboard.
The LOUNGE has glazed windows to the front and side elevation, eaves storage and a log burning stove.
The KITCHEN is well appointed comprising wall and base mounted shaker style units with fitted marble effect working surface, integrated oven with extractor above, integrated dishwasher, space for a fridge freezer, washing machine and tumble dryer and a glazed window to the rear elevation.
BEDROOM ONE is a double room in size with a glazed window to the front and walk in wardrobe. BEDROOM TWO is a good size room with a double glazed rear window.
The BATHROOM comprises a well appointed suite with a panelled bath with rainfall shower over, wash hand basin, WC and glazed window.
Outside - There is allocated parking for the property situated to the rear of the garages.
The communal grounds are well maintained with a courtyard around a central raised lily pond with the gardens and footpaths extending through mature trees and flower borders.
Lease Details - The property is held on a lease term of 99 years from the 31st March 1988 thus having 61 years unexpired, on completion the lease will be extended to 125 years.
The service charge currently payable is £1,440 per annum and the ground rent is £100 per annum.
We are informed by the Vendors that all mains services are connected COUNCIL TAX BAND C – Wolverhampton POSSESSION Vacant possession will be given on completion.
VIEWING - Please contact the Tettenhall Office. The property is FREEHOLD.
Broadband – Ofcom checker shows Standard, Superfast and Ultrafast are available 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 check availability and speeds.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About The Rafters, Flat 5 Dippons House, Dippons Drive, Wolverhampton
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