2-bedroom flat · WV6 0FA
Listing removedListed 151 days
Opportunity summary
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About
Ikon Avenue, Wolverhampton, Wv6 0Fa Enquire today on this modern one bedroom apartment situated on the 1st floor. Sold with a tenant in situ.
Yieldit are pleased to offer to the market this two bedroom purpose built modern apartment situated in residential cul de sac location with no upward chain.
Briefly comprising; communal entrance hallway/stairwell, entrance hall, open plan ample living space, one family bathroom with three piece suite and two double bedrooms.
Externally benefitting from secure intercom system, allocated parking, visitor parking and communal gardens.
Ikon Avenue is conveniently located within easy reach of a host of everyday amenities and the motorway making it perfect for commuters and meaning it will continue to be in demand rental accommodation.
West Midlands is undergoing an ambitious investment plan which will see £4billion of private investment to back large-scale developments which will create new homes, jobs and regeneration over the next seven years.
In addition to this, £57million will be invested in education facilities, 23 new transport projects and £64million to create employment floorspace which will inevitably create employment opportunities and drive the demand for rental properties in the area.
Enquire today and don’t miss out on this chance to invest in property in the West Midlands.
Financial Breakdown Gross Rent: £9,300.00 Net income: £6,893.00 Gross yield: 8.86% Net yield: 6.56% Please contact agent for full financial breakdown.
Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract.
Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08530
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 12, Ikon Avenue, Wolverhampton
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