Newhampton Road West, Wolverhampton, WV6
- PROPERTY TYPE
Detached
- BEDROOMS
4
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Massive potential
- Land to the side
- Good location
- Off road parking
- Close to city centre
- Ideal investment opportunity
Description
The lot is to be sold by online auction on Wednesday 29th May at 4:00pm
Rare investment opportunity with long-term development potential currently set up as 2 x 2 bedroom flats contained within this detached building with lapsed planning permission to erect 2 x 1 bedroom flats to the side of the existing property. The property is vacant and in need of updating but offers the buyer a range of options from straight residential investment to adaptation to increase rental returns or extend to side to create additional self-contained units/rooms (all subject to gaining the necessary consents and planning permissions).
It is our opinion that if the property was converted into a 5 bedroom HMO, the estimated rental income would be in the region of £450 per calendar month per room which equates to a gross income of £27,000 per annum.
Situated within a well-connected area, the property and adjacent land benefit from easy road access and proximity to public transportation options. Local amenities such as shops, schools, and parks are also conveniently within reach, enhancing its investment potential.
The land to the side of the property was granted planning permission for the erection of 2 x 1 bedroom flats under Application No: 08/01352/FUL on 19th December 2008 by Wolverhampton City Council.
Newhampton Road West is located just over a mile to Wolverhampton City Centre including the Mander Centre, Molineux Football Stadium, the University of Wolverhampton and under a mile to Wolverhampton Hospital. There are also excellent road links via the A41, M6 and M54 nearby.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Newhampton Road West, Wolverhampton, WV6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wolverhampton St George's Tram Stop1.4 miles
- Wolverhampton Station1.5 miles
- The Royal Tram Stop1.8 miles
About iad, Nationwide
50 Seymour Street, London, W1H 7JGProfessional marketing for your property
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Visit our security centre to find out moreDisclaimer - Property reference RX335335. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by iad, Nationwide. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call iad, Nationwide on 03330 382150.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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