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
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Metrics Year-on-Year
- Average area value
- 339,299.00 £Increased by 1.34 %
- Average area rental value
- 1,364.00 £/moIncreased by 34.92 %
- Est rental Yield
- 4.82 %Increased by 33.15 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Connells created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Merridale Primary School | Community School | Good | 0.39 KM |
| Wolverhampton Grammar School | Other Independent School | 0.39 KM | |
| Nishkam Primary School Wolverhampton | Free Schools | Good | 0.79 KM |
| Bantock Primary School | Community School | Good | 0.84 KM |
| The Bingley Children'S Centre | Children's Centre | 0.87 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Ash Street | £ 0 | 0 | 0.00 KM |
| Merridale Court | £ 0 | 0 | 0.00 KM |
| Merridale Court | £ 140,000 | 0 | 0.00 KM |
| Summerfield Road | £ 0 | 0 | 0.00 KM |
| Bath Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Wolverhampton | 1218 | WVH | 2.96 KM |
| Bilbrook | 4618 | BBK | 6.24 KM |
| Codsall | 4616 | CSL | 7.80 KM |
| Coseley | 1143 | CSY | 7.96 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Merridale Road, Merridale, Wolverhampton | £ 400,000 | BUY | 6 / 10 | 0.00 KM |
| Crawford Road, Merridale, Wolverhampton | £ 230,000 | BUY | 6 / 10 | 0.09 KM |
| Crawford Road, Merridale, Wolverhampton | £ 200,000 | BUY | 5 / 10 | 0.09 KM |
| Crawford Road, Merridale, Wolverhampton | £ 190,000 | BUY | 6 / 10 | 0.09 KM |
| Oak Street, Merridale, Wolverhampton, West Midlands, WV3 | £ 260,000 | BUY | 7 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 42 Merridale Road | £ 115,000 | 0.00 KM |
| 8 Merridale Road | £ 200,000 | 0.00 KM |
| 48 Merridale Road | £ 47,000 | 0.00 KM |
| 54 Merridale Road | £ 220,000 | 0.00 KM |
| 44 Merridale Road | £ 139,400 | 0.00 KM |