According to the public record, 6, Faversham Close, Wolverhampton is a mid-century apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Faversham Close, Wolverhampton, WV8 is located in the borough of City of Wolverhampton within the WV8 postal district.
6, Faversham Close, Wolverhampton has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 6 Faversham Close Wolverhampton as £68,885 and the rental value as £469 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 6 Faversham Close Wolverhampton has increased by £1,104 (1.6%) and its rental value has increased by £24 per month (5.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 6, Faversham Close, Wolverhampton is in very good condition we estimate a sale value of £72,330 and rental value of £492 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £64,063 and a rental value of £436 per month.
If you were able to purchase this property for the estimated value of £68,885, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £339 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Faversham Close, Wolverhampton within a radius of 394m over the last 2 years.
The most recent example is 27, Barnwood Road, Wolverhampton, WV8 1UN, a Leasehold flat which sold for £55,000 in Dec 2019.
Read more about house prices in WV8.
Faversham Close, Wolverhampton, WV8 has a total of 14 addresses. According to our analysis of all the public data, 6, Faversham Close, Wolverhampton is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £219k less expensive than the average property in WV8.
6, Faversham Close, Wolverhampton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Jun 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 6, Faversham Close, Wolverhampton is Bilbrook station which is 2.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 6, Faversham Close, Wolverhampton, 59.7% of property is socially rented and 18.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 6, Faversham Close, Wolverhampton, 22.9% of residents are recorded as possessing school level qualifications and 23.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 6, Faversham Close, Wolverhampton, the average age was 39.1 and the most common age was 62.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 6, Faversham Close, Wolverhampton, 2.1% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 6, Faversham Close, Wolverhampton, there are an average of 0.8 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.