2-bedroom flat · WV6 8HJ
Listing removedListed 218 days
Opportunity summary
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About
A beautifully presented two-bedroom ground floor flat in a convenient location, with off-street parking and a garage.
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 access 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.
Flat 1 Dippons House is an elegantly presented two-bedroom property that has been improved by the current owner, featuring a well-appointed kitchen and bathroom suite and a stylish interior throughout.
The accommodation comprises a good-sized reception room, kitchen, utility area, two double bedrooms and a shower room.
The property further benefits from an allocated parking space and a garage, providing ample storage.
Accommodation - The front door opens into the HALL with laminate flooring, dado rail, a store with space for an American style fridge freezer and steps down to a UTILITY AREA having space for a tumble dryer.
The LOUNGE has a large walk in bay window with secondary glazing to the front elevation and a fitted window seat providing storage beneath, there is a window to the side, dado rails, ceiling rose and a feature brick fireplace with an inset wood burner.
The KITCHEN comprises wall and base shaker style units with fitted butchers block working surfaces, a Belfast sink, integrated oven, microwave and hob.
There is space for a washing machine and a glazed window to the rear.
BEDROOM ONE is a double room with glazed windows to the side BEDROOM TWO, currently being used as a dining room with laminate flooring and a large, glazed window to the rear.
The SHOWER ROOM has a walk in shower cubicle with rainfall hose, vanity unit with wash basin, drawers and cupboards beneath, a WC, tiled flooring and a glazed window to the rear elevation.
Outside - The property comes with a storage cupboard located in the communal entrance, a GARAGE providing additional storage with electric light and power and there is also an allocated parking space.
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 29th of September 1987 thus having 60 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 LEASEHOLD.
Broadband – Ofcom checker shows Standard 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.
The long term flood defences website shows very low risk.
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 Flat 1 Dippons House, Dippons Drive, Wolverhampton, WV6 8HJ
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