Inside Victorian Wolverhampton house with flat conversion potential heads to auction for less than £50,000
A large Victorian house in Wolverhampton with potential for conversion into flats is set to go under the hammer at Bond Wolfe’s next property auction.
The end-terraced property at 31 Tettenhall Road, Wolverhampton will be offered with a guide price of £49,000+ in the livestreamed auction on Thursday, February 5.
Set back from the road behind a small front garden, the house comprises a hallway, two reception rooms, an unfitted kitchen, utility room and bathroom on the ground floor.
On the first floor are four bedrooms, a second unfitted kitchen and a shower room with WC, with an additional bedroom on the second floor.
Although central heating is installed, the property requires substantial refurbishment throughout, while gardens to the rear are also in need of work.
James Rossiter, associate director for auctions at Bond Wolfe, said: “The guide price reflects the degree of modernisation and renovation work required for this large property. But it also indicates the potential value that this property could realise once work is completed.”
He added: “The property stands in a highly desirable part of the city, surrounded by other properties of character, several of them listed by Historic England. We believe it has the potential for conversion into either self-contained apartments or a HMO – a House of Multiple Occupancy – subject to planning permission.
“As a result, we are expecting considerable interest from investors, developers and those looking to expand their buy-to-let portfolio when it comes up for sale.”
The Tettenhall Road property is one of around 180 lots due to be offered in the auction, which begins at 8.30am on Thursday, February 5. The auction will be livestreamed via Bond Wolfe’s website, with remote bidding available by proxy, telephone or online.
