Four period homes converted to flats
Four period Wolverhampton villa homes converted into flats are set to be among the key targets for investment buyers at this month’s Bond Wolfe auction.
The quartet of neighbouring houses on the south side of Tettenhall Road is being sold as four separate lots in the live-streamed auction on Wednesday 30 March.
Two of them, each divided into five flats, are listed with a guide price* of £245,000+ apiece, while the other two, divided into four flats, are listed at £220,000+ each.
Ron Darlington, consultant director at Bond Wolfe, said: “We are expecting considerable interest, particularly from investors looking to expand their existing buy-to-let portfolios – they are ideal properties for that market.
“These are three-storey red-brick villas, built in the late 19th or early 20th century, for the gentry or families of professional people such as doctors or lawyers – probably with enough space for live-in servants.
“They stand in a part of Tettenhall Road – one of Wolverhampton’s premier addresses – within a conservation zone.
“They are all fully tenanted, so producing a strong income that makes them excellent long-term investments.”
Fully tenanted, the properties each generate between £16,980 and £20,400 per annum in rental income.
The four houses on Tettenhall Road are among 199 lots that will appear in Bond Wolfe’s next auction which starts at 9 am on Wednesday 30 March. The auction will be live-streamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet only.
For more details and to register to bid visit www.bondwolfe.com/property-auctions-west-midlands/, email [email protected], or call 0121 312 1212 or 01902 928 510.
Anyone with properties to sell in a future auction can arrange a free appraisal by calling the auction team or visiting www.bondwolfe.com/free-property-appraisal/.