Offers over
£165,000
2 bed semi-detached house for saleRomsey Grove, Wolverhampton WV10
2 beds
1 bath
EPC Rating: E
Freehold
About this property
Sold with tenants in situ
Net Rental Yield Of 7%
Tenant Paying £1,150PCM
Garage
Good condition throughout
Potential to extend
Council Tax Band - B
Freehold
A ready-made investment opportunity located within a consistently strong rental area in Wolverhampton, currently generating approximately £1,150 pcm from reliable long-term tenants with no arrears history, providing an immediate income-producing asset from day one.
Priced competitively below comparable market value due to motivated circumstances, the property offers investors clear immediate equity when benchmarked against similar modernised family homes within the WV10 6QU area, where resale values for well-presented properties continue to remain strong. Based on the current rental income, the property offers an estimated gross yield in excess of 7%, making it an attractive addition to any established or growing portfolio.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
Priced competitively below comparable market value due to motivated circumstances, the property offers investors clear immediate equity when benchmarked against similar modernised family homes within the WV10 6QU area, where resale values for well-presented properties continue to remain strong. Based on the current rental income, the property offers an estimated gross yield in excess of 7%, making it an attractive addition to any established or growing portfolio.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
Mortgage calculator
Monthly repayment
£825 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}