According to the public record, Apartment 8, Tettenhall Gate, Wolverhampton is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Tettenhall Gate, Haden Hill, Wolverhampton, WV3.
Haden Hill, Wolverhampton, WV3 is located in the borough of City of Wolverhampton within the WV3 postal district.
Apartment 8, Tettenhall Gate, Wolverhampton has 21 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated January 2016.
We combine this information with that 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 Apartment 8 Tettenhall Gate Wolverhampton as £116,671 and the rental value as £607 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Apartment 8 Tettenhall Gate Wolverhampton has increased by £419 (0.4%) and its rental value has increased by £29 per month (4.7%).
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 Apartment 8, Tettenhall Gate, Wolverhampton is in very good condition we estimate a sale value of £122,504 and rental value of £637 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £108,504 and a rental value of £565 per month.
If you were able to purchase this property for the estimated value of £116,671, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £573 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 HM Land Registry, Apartment 8, Tettenhall Gate, Wolverhampton was last sold on 10 Dec 2021 for £106,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2021, the market for similar properties has risen 6.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 8, Tettenhall Gate, Wolverhampton within a radius of 460 metres over the last 2 years.
The most recent example is 60, Compton Road, Wolverhampton, WV3 9PH, a Leasehold flat which sold for £123,000 in Nov 2023.
Read more about house prices in WV3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Haden Hill, Wolverhampton, WV3 has a total of 86 addresses. According to our analysis of all the public data, Apartment 8, Tettenhall Gate, Wolverhampton is the 72nd largest and the 58th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in WV3.
Apartment 8, Tettenhall Gate, Wolverhampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Jan 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 8, Tettenhall Gate, Wolverhampton is Wolverhampton station which is 1.8 kilometres 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 Apartment 8, Tettenhall Gate, Wolverhampton, 77.1% of property is privately rented and 10.4% is privately owned with a mortgage.
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 Apartment 8, Tettenhall Gate, Wolverhampton, 16.6% of residents are recorded as possessing school level qualifications and 35.8% 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 Apartment 8, Tettenhall Gate, Wolverhampton, the average age was 38.8 and the most common age was 27.
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 Apartment 8, Tettenhall Gate, Wolverhampton, 0.0% 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 Apartment 8, Tettenhall Gate, Wolverhampton, there are an average of 0.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.