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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Flat 5, Lorain House, Wolverhampton is a modern apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 5, Lorain House, Wolverhampton is £58,621 and the estimated rental value is £417 per month.
The apartment is within Lorain House, Tramway Drive, Wolverhampton, WV2.
Tramway Drive, Wolverhampton, WV2 is located in the borough of City of Wolverhampton within the WV2 postal district.
Flat 5, Lorain House, Wolverhampton has no records in the the Land Registry and a single entry in the EPC database dated October 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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, Lorain House, Wolverhampton is in very good condition we estimate a sale value of £61,552 and a rental value of £438 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £54,518 and a rental value of £388 per month.
Over the last 12 months the sale value of Flat 5 Lorain House Wolverhampton has increased by an estimated £170 (0.3%) and its rental value has increased by an estimated £10 per month (2.4%), giving an expected gross yield of 8.5%.
Flat 5, Lorain House, Wolverhampton has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Oct 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 5, Lorain House, Wolverhampton within a radius of 560 metres over the last 2 years.
The most recent example is Flat 1, 26A , Snow Hill, Wolverhampton, WV2 4AD, a leasehold flat which sold for £400,000 on the 16th November 2018.
Read more about house prices in WV2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tramway Drive, Wolverhampton, WV2 has a total of 149 addresses. According to our analysis of all the public data, Flat 5, Lorain House, Wolverhampton is the 13th largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £146k less expensive than the average property in WV2.
The closest station to Flat 5, Lorain House, Wolverhampton is Wolverhampton station which is 600 metres 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, Lorain House, Wolverhampton, 45.8% of property is socially rented and 22.2% is privately owned with a mortgage.
The graph below shows how this compares to West Midlands 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, Lorain House, Wolverhampton, 24.8% of residents are recorded as possessing school level qualifications and 22.3% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands 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, Lorain House, Wolverhampton, the average age was 35.3 and the most common age was 32.
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, Lorain House, Wolverhampton, 0.3% 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, Lorain House, Wolverhampton, there are an average of 0.9 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
