2-bedroom flat · WV4 5UZ
Listing removedListed 133 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom ground floor retirement apartment benfiting from modern shower room and direct access onto own patio area and communal gardens.
Pendene Court is situated within a short distance of local shops, Doctors surgeries and with access to local bus routes via bus stop near to development.
Constructed by McCarthy & Stone (Developments) Ltd and comprises 40 properties arranged over 3 floors each served by lift.
The Development Manager can be contacted from various points within each property in the case of an emergency.
For periods when the Development Manager is off duty there is a 24 hour emergency Appello call system. Each property comprises an entrance hall, lounge, kitchen, one or two bedrooms and bathroom.
It is a condition of purchase that residents be over the age of 60 years, or in the event of a couple, one must be over the age of 60 years and the other over 55 years.
Accommodation Front door to the: Entrance Hall Illuminated light switch, smoke detector, security door entry system.
Airing cupboard housing insulated hot water tank, electric immersion heater and storage space. Emergency pull cord. Electric meter cupboard. Doors off to living room, bedroom and bathroom.
Living Room With Patio Door Patio door onto patio area and communal gardens. Storage heater, power points, TV aerial point, ceiling light points, emergency pull cord, telephone point.
Single glass door leads to kitchen. Kitchen With Window Tiled and fitted with wall and floor units, stainless steel single drainer sink unit, laminated work surfaces.
Electric oven, 4-ring hob and extractor hood. Spaces for under counter fridge and freezer. Power points. Wall mounted heater. Emergency pull cord.
Bedroom With Window Built in mirror fronted wardrobe with hanging rail and storage shelf above. Storage heater, ceiling light point, emergency pull cord, illuminated light switch, power points.
Telephone point. TV aerial point. Bedroom Two With Window Storage heater, ceiling light point, emergency pull cord, illuminated light switch, power points.
Bathroom Re-tiled and fitted with suite comprising of shower cubicle fitted with grab rails. Emergency pullcord, vanity unit; low level WC. Wall mounted heater, extractor fan. Heated towel rail.
Shaver point. Strip light.
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
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FAQ
About 2, Pendene Court, Wolverhampton
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