Summary - 34 FLAT 4 MERRIDALE ROAD WOLVERHAMPTON WV3 9SB
5 bed 1 bath Semi-Detached
Five one-bed flats near Wolverhampton centre — income now, refurbishment upside..
- Five one-bedroom self-contained flats, currently fully tenanted
- Gross monthly rental income £3,125; approx. 9.3% gross yield
- Freehold with separate meters and council tax banding
- Large plot and tall ceilings; scope for refurbishment uplift
- Very old building (pre-1900); likely no wall insulation
- Area records high crime and very high deprivation; management risk
- Title to be separated pre-completion — seek conveyancer advice
- Verify apparent single-bathroom record and safety compliance
A period red-brick building arranged as five self-contained one-bedroom flats, currently producing a gross monthly rent of £3,125 (approx. 9.3% gross yield at the asking price). The block sits close to Wolverhampton city centre and local parks, with separate meters and council tax banding already in place — useful for straightforward income collection. The large plot and tall ceilings signal scope for value-add refurbishment or repositioning to increase rents.
This is a clear investor proposition: fully tenanted on purchase, mains gas heating with radiators, double glazing and established tenant demand from the nearby city centre. The property is freehold and benefits from excellent mobile and fast broadband connectivity — practical positives for modern tenants.
Buyers should note material issues to verify: the building is very old (pre-1900) with solid brick walls likely lacking cavity insulation, and records provided show a single bathroom figure which appears inconsistent with a five-flat layout — both matters for running costs and compliance. The immediate area records high crime levels and very high deprivation, which will affect tenant profiles, management overhead and resale timing.
Practical next steps for a serious investor are clear: obtain a full title review (the seller intends to separate titles prior to completion), commission a condition survey covering electrics, insulation and fire safety, and check individual tenancy agreements and service arrangements. With careful due diligence this block offers steady income now and scope for uplift through targeted refurbishment.
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