Summary - 52 SHERWOOD STREET WOLVERHAMPTON WV1 4RQ
6 bed 2 bath Terraced
Ready-income multi-occupancy property with garden and loft potential for investor buyers.
- Licensed six-bedroom HMO generating circa £36,000 pa
- Around 13% gross rental yield (based on sale price)
- Loft conversion plus communal lounge, kitchen and bathrooms
- Rear garden and external storage rooms
- Freehold; approximately 1,676 sq ft overall
- Sold at online auction; non-refundable Buyer’s Premium applies
- Located in a deprived, high-crime area — tenant risk considerations
- Solid brick construction, likely no wall insulation; upgrade needed
A six-bedroom licensed HMO in Wolverhampton’s WV1, currently producing around £36,000 pa (circa 13% yield). The property is a traditional three-storey terrace with a loft conversion, communal lounge, communal kitchen and shared bathrooms — generating immediate rental income for an investor seeking a buy-and-hold asset.
The house comes with a rear garden, useful storage outbuildings and mains gas central heating. Constructed in the 1930s from solid brick, it has double glazing installed before 2002 and an EPC band D. The site is freehold and of average overall size (about 1,676 sq ft), suited to continued multi-occupancy or conversion with planning/consents.
Material considerations are clear: the property sits in a deprived area with higher-than-average local crime and a cosmopolitan, student-oriented neighbourhood. The fabric likely lacks cavity wall insulation (solid brick) and some internal areas are compact with low attic ceilings — expect ongoing maintenance, potential upgrading of insulation, and normal HMO compliance costs.
Sale is by online auction with a non-refundable Buyer’s Premium (£6,600 incl. VAT) plus legal pack fees; purchasers must consult the Legal Pack and allow the auction completion timetable to inform financing. This is a hands-on investment opportunity: good immediate income but requiring responsible asset management and due diligence prior to purchase.
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