3-bedroom house · WV2 2RP
Sold STCListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TENANTED 3-BED FREEHOLD TOWN HOUSE | 6.73% GROSS YIELD | £13,800 PER ANNUM An excellent opportunity to acquire a modern, income-producing buy-to-let investment.
This newer-build, three-bedroom freehold town house is sold with tenants in situ, generating £1,150 pcm (£13,800 per annum) and delivering a gross yield of 6.73% on the asking price — income from day one, with no void period and no letting fees to find a tenant.
As a single-let, the tenants are responsible for all utility bills and council tax, leaving landlord costs limited to insurance, periodic safety certification and routine maintenance.
Combined with the low upkeep of newer-build housing stock and freehold tenure (no ground rent or service charges), this is a genuinely hands-off investment.
The Property Well-proportioned accommodation over two floors, finished to a good standard throughout and ideally suited to the family and professional rental market.
Ground floor: Entrance hallway, cloakroom/W.C., kitchen (13'6" x 8'7") and lounge (15'9" x 9'3").
First floor: Bedroom one (11'8" x 8'6"), bedroom two (11'11" x 8'5"), bedroom three (9'6" x 6'11") and family bathroom.
Externally: Driveway parking to the front and an enclosed rear garden — both strong tenant demand features.
Location & Rental Market Wolverhampton remains one of the West Midlands' strongest buy-to-let locations, combining affordable entry prices with consistently high tenant demand.
The tenant base is diverse: professionals commuting to Birmingham (approximately 20 minutes by rail), staff at New Cross Hospital, students and staff at the University of Wolverhampton, and workers at the nearby i54 business park — home to major employers including Jaguar Land Rover and Moog.
Well-presented three-bedroom family homes remain in high demand, and rental values in the area have shown consistent growth, offering scope for future rental appreciation.
Key Investment Details Tenure: Freehold | Asking price: £205,000 | Gross income: £1,150 pcm / £13,800 p.a.
| Gross yield: 6.73% | Tenants in situ Early viewing/enquiry is strongly advised — tenanted freehold stock at this yield level rarely stays on the market long.
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
Agent & docs
FAQ
About Kenley Avenue, Wolverhampton
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