Summary - 4, London Place, WOLVERHAMPTON WV3 0NP
1 bed 1 bath Flat
Low-cost investment close to university with refurbishment potential.
Chain free one-bedroom flat, city centre location
A compact one-bedroom, chain-free flat in Wolverhampton city centre, offered at a low guide price that reflects its size and condition. Positioned close to Wolverhampton University and local transport, it will appeal to buy-to-let investors seeking easy access to student demand or a first-time buyer prepared to accept basic accommodation.
The accommodation is arranged as an open-plan lounge/kitchen, a single bedroom and a shower room. The building is a Victorian brick terrace with a communal entrance and no visible private garden. Practical positives include on-street parking, fast broadband and very cheap council tax, which help running costs and tenant appeal.
Buyers must note material downsides: the lease has around 79 years remaining — short for mortgage purposes and potentially making some lenders unwilling to lend. Heating is by electric storage heaters, glazing is single/secondary and the walls are likely uninsulated solid brick, so energy costs and upgrade work should be expected. The area has a high recorded crime rate and is classified as deprived, which should be factored into rental yields and insurance or management considerations.
For an investor or a buyer open to refurbishment, the flat offers immediate rental or letting potential because of the university proximity and central location. However, budget for energy-efficiency upgrades, possible mechanical and electrical checks, and leasehold/legal costs (lease packs, possible premium to extend). A pre-purchase survey and mortgage check are strongly recommended given the lease length and construction age.
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