1-bedroom flat · WV4 4BT
Listing removedListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground-floor one-bedroom retirement apartment being sold with no upward chain. This property has the advantage of being located on the ground floor level and is situated overlooking the Penn Road.
The accommodation comprises;- Entrance hall with useful storage cupboard and shower room.
A great sized living room that has sufficient space for a dining table if required, kitchen with conveniently positioned space for appliances and a double bedroom having a useful store cupboard.
There are communal facilities that include a Residents Lounge, Laundry and well-kept gardens.
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 call system.
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.
Agent Notes: Lease Start Date - 9th September 1988 Lease Term - 120 years from 1st September 1987 Ground Rent - £529.20 per annum Service Charge - £3,628.02 per annum Mobile coverage from all four major networks available* Ultrafast Broadband available* Residents parking All services are mains connected Heating is Panel/Storage heaters *Results provided by Ofcom and correct at time of listing
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 7, Grosvenor Park, Wolverhampton
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