1-bedroom flat · WV4 4BT
Sold STCListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Whitegates have pleasure in offering TO LET this spacious ONE bedroom GROUND FLOOR apartment situated with a complex of similar properties for the over 55's.
The social activities and facilities are excellent - giving independent living with security and a good sense of community.
On site communal laundry facilities and communal Lounge where coffee mornings and other activities take place together with a warden for assistance if needed for health emergencies The accommodation comprises:- Entrance hallway, open plan lounge/ fitted kitchen, bedroom with fitted spacious mirrored wardrobe, Newly fitted fully tiled shower room.
There is also ample communal off road parking and communal gardens.
The location is ideal - close to local shops, doctors, chemist and amenities, there is a bus stop just outside the complex for ease of access to Wolverhampton City Centre.
An opportunity not to be missed - must be viewed to appreciate all this delightful apartment has to offer.
Entrance Hall Night storage heater, coved ceiling, storage cupboard off housing electric unit Lounge With double glazed bay window, coved ceiling, wiring 3 wall lights, archway to Kitchen With good range of kitchen units including sink unit with mixer tap and cupboard under, further range of wall and base cupboards, work surfaces, cooker with extractor over, coved ceiling, vinolay floor covering and part tiled walls.
Bedroom With double glazed window, built in wardrobes with mirror doors, coved ceiling, wiring 2 wall lights Shower Room Having 3 piece white suite comprising Separate shower cubicle with electric shower, wash hand basin in vanity unit, low level w.c, fully tiled walls, wall mounted electric heater, coved ceiling and light Information Communal Lounge Communal Laundry Room Communal Gardens Ground rent £44.33pcm Service Charge £302.33pcm Forecourt Parking Location and area Set to the south west of Wolverhampton City centre in the much sought after area of Penn.
The property is within easy access of local shops, amenities and facilities, along with transport links including the local bus service which runs into Wolverhampton City centre What Charges Include House manager & house cleaner Site management overheads Security Electricity of block Fire alarm system Water Testing & Water Heater Maintenance Smoke vents Risk assessments Pest control Landscaping Building Insurance Management fee.
Professional fees. Audit & accountancy fees. Metered water charges. Reserve fund. General maintenance & site maintenance. Emergency pull cord response service in each flat.
Communal washing machine service.
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 Grosvenor Park, Pennhouse Avenue, Wolverhampton, West Midlands, WV4
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