1-bedroom flat · WV4 4BT
Sold STCReduced £10k (−22.2%) on 7 OctListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First floor one-bedroom retirement apartment being sold with no upward chain.
This well-presented retirement apartment is situated on the first floor and is conveniently located just a short walk from Penn Road, providing excellent access to local bus routes and transport links.
The accommodation comprises an entrance hall with useful storage cupboard, shower room, a great sized living room with sufficient space for a dining table if required, and a kitchen with conveniently positioned space for appliances.
The property also offers a well-proportioned double bedroom with 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.
Agents notes Service Charge plus Ground Rent £4000 per annum Lease Start date: 1st September 1987 Lease Term: 120 Years Electricity, Water and Drainage are mains connected Heating is Panel/Storage heaters Allocated parking space Mobile coverage from all four major networks available* Ultrafast broadband available* *Results provided by Ofcom and correct at time of listing Anti-Money Laundering (aml) Checks We are required by law to conduct anti-money laundering checks on all those buying a property.
DB Roberts retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly. The initial checks are performed using Movebutler.
The cost of these checks is £20 Plus VAT (£24) for the first buyer and £10 Plus VAT (£12) for every additional buyer.
This fee covers the cost of obtaining relevant data and any manual checks or monitoring which might be required.
This fee will need to be paid by you in advance, ahead of us issuing a memorandum of sale and is non-refundable.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 36, Grosvenor Park, Wolverhampton
Explore nearby