According to the public record, Flat 127, Merridale Court, Wolverhampton is a mid-century apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Merridale Court, Merridale Road, Wolverhampton, WV3.
Merridale Road, Wolverhampton, WV3 is located in the borough of City of Wolverhampton within the WV3 postal district.
Flat 127, Merridale Court, Wolverhampton has no recent1 records in the Land Registry database and a single entry in the EPC database dated April 2022.
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 Flat 127 Merridale Court Wolverhampton as £98,231 and the rental value as £583 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of Flat 127 Merridale Court Wolverhampton has increased by £215 (0.2%) and its rental value has increased by £27 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 Flat 127, Merridale Court, Wolverhampton is in very good condition we estimate a sale value of £103,143 and rental value of £612 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £91,355 and a rental value of £542 per month.
If you were able to purchase this property for the estimated value of £98,231, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £483 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, Flat 127, Merridale Court, Wolverhampton was last sold on 02 May 2001 for £30,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 127, Merridale Court, Wolverhampton within a radius of 550 metres over the last 2 years.
The most recent example is Flat 141, Merridale Court, Merridale Road, Wolverhampton, WV3 9LF, a Leasehold flat which sold for £116,500 in Sep 2022.
Read more about house prices in WV3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merridale Road, Wolverhampton, WV3 has a total of 349 addresses. According to our analysis of all the public data, Flat 127, Merridale Court, Wolverhampton is the 132nd largest and the 184th most expensive property on the street.
When compared to the postcode district it is £94k less expensive than the average property in WV3.
Flat 127, Merridale Court, Wolverhampton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Apr 2022.
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 Flat 127, Merridale Court, Wolverhampton is Wolverhampton station which is 2.2 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 Flat 127, Merridale Court, Wolverhampton, 65.1% of property is socially rented and 21.1% 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 Flat 127, Merridale Court, Wolverhampton, 6.0% of residents are recorded as possessing school level qualifications and 24.4% 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 Flat 127, Merridale Court, Wolverhampton, the average age was 34.4 and the most common age was 22.
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 Flat 127, Merridale Court, 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 Flat 127, Merridale Court, Wolverhampton, there are an average of 0.5 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.