Merridale Road, Merridale, Wolverhampton
CO

Merridale Road, Merridale, Wolverhampton

By Connells

£ 400,000

Reviews

3 out of 5 stars

Connells says ..

"FIVE, ONE BEDROOM SELF CONTAINED FLATS PROVIDING A RENTAL RETURN OF 9.3% PER ANNUM GROSS" Comprising of communal gardens, communal entrance halls, five self contained flats with separate meters and council tax banding.

Property Oracle says ..

This property at 30 Merridale Road, Wolverhampton, is a five-bedroom house listed for £400,000. The listing describes the property as consisting of five self-contained flats, suggesting it functions as a multi-unit residential building rather than a single-family home. The exterior presents as a typical, well-maintained brick building in need of modernisation. While interior pictures provided show a property that is structurally sound, it exhibits some dated features and would likely need some updating. The property benefits from a location with relative proximity to various amenities, including schools and train stations. The property also includes a small front garden and a larger rear area suitable for parking or as a yard. The lack of square footage and plot size data for the main property is noticeable and makes a comprehensive market valuation based on pricing per square foot difficult. The price is moderately high relative to nearby properties, but the value of the property is likely dependent on its profitability as a multi-unit rental investment property, which warrants closer scrutiny from a prospective buyer. Further details regarding the condition and income-generating potential of each flat would enable a more thorough assessment.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
5
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
339,299.00 £
Increased by 1.34 %
from 334,823.00 £
Average area rental value
1,364.00 £/mo
Increased by 34.92 %
from 1,011.00 £/mo
Est rental Yield
4.82 %
Increased by 33.15 %
from 3.62 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Connells created the listing.

Nearby Schools

NameTypeOfstedDistance
Merridale Primary SchoolCommunity SchoolGood0.39 KM
Wolverhampton Grammar SchoolOther Independent School0.39 KM
Nishkam Primary School WolverhamptonFree SchoolsGood0.79 KM
Bantock Primary SchoolCommunity SchoolGood0.84 KM
The Bingley Children'S CentreChildren's Centre0.87 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Ash Street £ 000.00 KM
Merridale Court £ 000.00 KM
Merridale Court £ 140,00000.00 KM
Summerfield Road £ 000.00 KM
Bath Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Wolverhampton1218WVH2.96 KM
Bilbrook4618BBK6.24 KM
Codsall4616CSL7.80 KM
Coseley1143CSY7.96 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merridale Road, Merridale, Wolverhampton £ 400,000BUY6 / 100.00 KM
Crawford Road, Merridale, Wolverhampton £ 230,000BUY6 / 100.09 KM
Crawford Road, Merridale, Wolverhampton £ 200,000BUY5 / 100.09 KM
Crawford Road, Merridale, Wolverhampton £ 190,000BUY6 / 100.09 KM
Oak Street, Merridale, Wolverhampton, West Midlands, WV3 £ 260,000BUY7 / 100.14 KM

Nearby Properties

AddressPriceDistance
42 Merridale Road £ 115,0000.00 KM
8 Merridale Road £ 200,0000.00 KM
48 Merridale Road £ 47,0000.00 KM
54 Merridale Road £ 220,0000.00 KM
44 Merridale Road £ 139,4000.00 KM