According to the public record, Flat 5, West Lodge 76, Wolverhampton is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in West Lodge, Tettenhall Road, Wolverhampton, WV1.
Tettenhall Road, Wolverhampton, WV1 is located in the borough of City of Wolverhampton within the WV1 postal district.
Flat 5, West Lodge 76, Wolverhampton has 41 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated September 2019.
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 Flat 5 West Lodge 76 Wolverhampton as £120,642 and the rental value as £619 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 5 West Lodge 76 Wolverhampton has increased by £608 (0.5%) and its rental value has increased by £29 per month (4.8%).
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 5, West Lodge 76, Wolverhampton is in very good condition we estimate a sale value of £126,674 and rental value of £650 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,197 and a rental value of £575 per month.
If you were able to purchase this property for the estimated value of £120,642, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £593 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 5, West Lodge 76, Wolverhampton was last sold on 12 Aug 2020 for £117,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2020, the market for similar properties has risen 16.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, West Lodge 76, Wolverhampton within a radius of 440 metres over the last 2 years.
The most recent example is Flat 2, West Lodge 76, Tettenhall Road, Wolverhampton, WV1 4TB, a Leasehold flat which sold for £111,000 in Nov 2022.
Read more about house prices in WV1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tettenhall Road, Wolverhampton, WV1 has a total of 57 addresses. According to our analysis of all the public data, Flat 5, West Lodge 76, Wolverhampton is the 31st largest and the 28th most expensive property on the street.
When compared to the postcode district it is £71k less expensive than the average property in WV1.
Flat 5, West Lodge 76, Wolverhampton has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Sep 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 5, West Lodge 76, Wolverhampton is Wolverhampton station which is 1.9 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 5, West Lodge 76, Wolverhampton, 42.2% of property is privately owned outright and 28.2% 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 Flat 5, West Lodge 76, Wolverhampton, 16.7% of residents are recorded as possessing school level qualifications and 43.0% 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 5, West Lodge 76, 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 Flat 5, West Lodge 76, Wolverhampton, 1.0% 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 5, West Lodge 76, Wolverhampton, there are an average of 1.0 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.