5 Bed HMO, Oldbury, B68 8PG, £269,000

12 Meadow Road, Oldbury, West Midlands, B68 8PG - 13 views - a year ago

Under Offer
HMO
ROI: 10%
179 m²
+12 photos

ValuationUndervalued

Sold Prices£220K - £1.4M
Sold Prices/m²£1.3K/m² - £8K/m²

 

 

Square Metres

179 m²
Price/m²£1.5K/m²

Value Estimate

£332,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,250

Stamp Duty & Legal Fees

£10,700

Total Cash In

£77,950

 

 

Cash Out

 

Room Rate

£529

Gross Rent

£2,645

Running Costs/mo

£1,952

Cashflow/mo

£693

Cashflow/yr

£8,321

ROI

11%

Gross Yield

12%

Local Sold Prices

50 sold prices from £220K to £1.4M, average is £379K. £1.3K/m² to £8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£310K12/200.18 mi201, Farm Road, Oldbury, West Midlands B68 8PN5
£600K04/210.35 mi68, Brandhall Road, Oldbury, West Midlands B68 8DT5
£430K09/210.35 mi64, Brandhall Road, Oldbury, West Midlands B68 8DT5
£373K06/210.54 mi82, Woodnorton Road, Rowley Regis, West Midlands B65 0QZ5
£322.5K02/220.63 mi15, Broadway Croft, Oldbury, West Midlands B68 9DJ5
£220K06/210.77 mi2, Giles Road, Oldbury, West Midlands B68 8JJ5
£455K11/220.82 mi15, St Marks Road, Smethwick, West Midlands B67 6QF5
£440K10/220.84 mi25, Smith Close, Smethwick, West Midlands B67 6LU5
£335K08/230.85 mi51, William Road, Smethwick, West Midlands B67 6LN5
£335K09/210.88 mi83, Trinder Road, Smethwick, West Midlands B67 5NX5
£475K01/230.92 mi2, Edward Road, Oldbury, West Midlands B68 0LY5
£315K12/220.95 mi204, Hales Lane, Smethwick, West Midlands B67 6RH5
£253K09/211.1 mi131, Londonderry Lane, Smethwick, West Midlands B67 7EL5
£313K01/211.18 mi6, Elm Croft, Oldbury, West Midlands B68 0BQ5
£425K12/221.19 mi2, Oak Road, Oldbury, West Midlands B68 0BE5
£288K02/211.22 mi20, Monckton Road, Oldbury, West Midlands B68 0QX5
£295K11/201.38 mi753, Hagley Road West, Birmingham, West Midlands B32 1DN5
£440K10/231.39 mi20, Clydesdale Road, Quinton, Birmingham, West Midlands B32 1DP5
£243.3K05/211.41 mi20, Bell End, Rowley Regis, West Midlands B65 9LX5
£475K10/201.51 mi24, Lightwoods Hill, Smethwick, West Midlands B67 5EA5
£590K08/221.51 mi14, Lightwoods Hill, Smethwick, West Midlands B67 5EA5
£356K12/201.58 mi7, Forster Street, Smethwick, West Midlands B67 7LX5
£262.5K06/211.6 mi220, Ridgacre Road, Quinton, Birmingham, West Midlands B32 1JR5
£480K03/221.6 mi21, Stanley Avenue, Birmingham, West Midlands B32 2HB5
£420K09/211.67 mi28, Norman Avenue, Birmingham, West Midlands B32 2EX5
£315K12/201.67 mi55, Goodrest Avenue, Halesowen, West Midlands B62 0HR5
£435K05/211.69 mi106, Ross, Rowley Regis, West Midlands B65 8DY5
£440K11/221.7 mi21, Glaslyn Avenue, Rowley Regis, West Midlands B65 8EG5
£370K08/211.7 mi11, Glaslyn Avenue, Rowley Regis, West Midlands B65 8EG5
£980K10/221.71 mi61, Hagley Road West, Birmingham, West Midlands B17 8AE5
£365K08/211.71 mi21, Millpool Way, Smethwick, West Midlands B66 4HW5
£365K08/211.71 mi21, Millpool Way, Smethwick, West Midlands B66 4HW5
£248K11/201.79 mi19, Highfield Crescent, Rowley Regis, West Midlands B65 0BZ5
£325K03/211.79 mi33, Frankley Avenue, Halesowen, West Midlands B62 0EA5
£293K02/211.8 mi61, Edgbaston Road, Smethwick, West Midlands B66 4LG5
£610K04/211.81 mi17, Cardinal Close, Birmingham, West Midlands B17 8EU5
£575K06/211.81 mi22, Cardinal Close, Birmingham, West Midlands B17 8EU5
£402.4K06/211.84 mi56, Stuart Road, Halesowen, West Midlands B62 0EB5
£422K03/211.84 mi5, Barnsley Road, Birmingham, West Midlands B17 8EB5
£360K01/231.85 mi23, Poplar Avenue, Edgbaston, Birmingham, West Midlands B17 8EG5
£385K11/211.85 mi63, Frankley Avenue, Halesowen, West Midlands B62 0DX5
£220K11/211.89 mi67, Claremont Road, Smethwick, West Midlands B66 4JY5
£400K08/211.89 mi150, Poplar Avenue, Edgbaston, Birmingham, West Midlands B17 8ER5
£535K10/221.9 mi85, Kent Road, Halesowen, West Midlands B62 8PB5
£527K10/221.92 mi75, Sandon Road, Birmingham, West Midlands B17 8DT5
£575K07/231.94 mi38, King Charles Road, Halesowen, West Midlands B62 0DR5
£1.1M12/201.94 mi1b, Blakeney Avenue, Birmingham, West Midlands B17 8AP5
£255K10/211.98 mi73, Doulton Drive, Smethwick, West Midlands B66 1RA5
£255K10/211.98 mi73, Doulton Drive, Smethwick, West Midlands B66 1RA5
£1.4M04/231.99 mi57, Croftdown Road, Birmingham, West Midlands B17 8RE5

Local Area Statistics

Population in B68

30,924

Population in Oldbury

59,935

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.86 miles away

 

 

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Price changed to £269,000

December 4, 2024

Listed for £275,000

March 14, 2024

Sold for £180,000

2007

Sold for £137,500

2003

Description

  • 5 Bedroom +
  • View Now  +
  • Large front garden with off street parking +
  • Great Transport links +
  • Chain Free +
  • Situated in a loverly quiet location  +
  • Double glazed windows  +
  • Central Heating +

Detached 5 bedroom dormer bungalow. Situated in a loverly quiet location. Large front garden with off street parking. Great Transport links Chain Free. An opportunity to acquire a very spacious detached dormer bungalow offering accommodation on two floors, 5 bedroom property with good size bedrooms each having the opportunity to add an en-suite/toilet/shower room. Location of the property is ideal as it is situated in a quiet cul-de-sac location which looks over to the local area towards Blackheath and Rowley Regis. Good local transport services with links to Birmingham City Centre. There are train stations located within 2 miles of the property with links from Rowley Regis and Sandwell and Dudley giving a great commuter link. Local shopping facilities are situated at the traffic island junction at the top of Pound Road with Moat Road, Bristnall Hall Road and George Road With it been a good sized five-bedroomed accommodation it is suitable for family occupation or an HMO subject to licensing with the local authority. The constructed in brick with roughcast rendering surmounted by a well-pitched roof. Set back from the roadside behind a substantial garden with full-width off-road parking area to front, steps extend past two separate garden areas the lower terrace being lawned and steps extend up to higher terrace with lawn and slabbed pathway with borders containing mature shrubs and screening Conifers to neighbours. Storm Porch Entrance UPVC entrance door with obscure glazed panel, separate door with two sealed double glazed units to the rear providing access into rear garden. Ceramic tiled flooring, part-leaded obscure double glazed UPVC door with obscure glazed side panels leading onto L-Shaped Reception Hall Central heating radiator, storage cupboard off which has plumbing installed for automatic washing machine. W.C. UPVC tongue-and-groove walls with close coupled W.C. and toilet cistern. Lounge - 11'2 20'8 (3.41m x 6.32m) Central archway, laminate flooring, two central heating radiators, Seimans central heating time clock control and combined thermostat, double glazed French doors opening onto rear garden with side panel double glazed windows. Velux window and box. Storage area off with double glazed window and wall mounted Worcester central heating boiler with built-in thermostatic controls. Double doors connecting to Kitchen - 5'6 x 14'11 (1.68m x 4.56m) Range of modern Oak woodgrain effect fronted kitchen cupboards to one wall, integrated Miele fan assisted electric oven with four ring gas hob over, space for fridge/freezer, black granite effect worktop surfaces with rolled edges containing inset single drainer sink unit and mixer tap, two double glazed windows to side elevation and two matching high level wall-mounted storage cupboards. Bedroom 3 (Rear) - 10'11 x 10'8 (3.35m x 3.27m) Double glazed window, laminate flooring, Ensuite with uPVC walls, close coupled W.C. and extractor fan (currently used as storage) Bedroom 4 (Front) - 9'4 x 13'6 (2.87m x 4.14m) Double glazed window to front, laminate flooring, central heating radiator, Ensuite Shower Wet Room Marble effect tongue-and-groove wall, wall mounted thermostatic shower mixer valve with shower head, wall-mounted wash-hand basin with mixer tap, close coupled W.C. and toilet cistern, double glazed window to side. Bedroom 5 (Front) - 12'9 x 9'3 (3.91m x 2.83m) Double glazed window, central heating radiator, laminate flooring - W.C. off with uPVC marble effect tongue-and-groove wall covering, plumbing installed for W.C. and wash-hand basin (not currently connected). Winding staircase leading from Reception Hall into First Floor Landing with Velux roof light, off which leads Bedroom 1 (Front) - 16'5 x 8'2 min x 14' x 6'9 min (5.02m x 2.50m min x 4.28m max x 2.06m) Double glazed window, central heating radiator, laminate flooring, Velux window to side elevation. Ensuite Shower Wet Room Plumbing installed for shower mixer valve, wall-mounted wash-hand basin and W.C. (all not fitted). Velux window to side elevation and extractor fan. Bedroom 2 (Rear) - 15'1 max x 12'6 max (4.62m x 3.82m) Double glazed window to rear, Velux window to side Ensuite Shower Wet Room uPVC marble effect tongue-and-groove wall covering, thermostatic shower mixer valve, wall-mounted wash-hand basin (not connected) close coupled W.C. and toilet cistern. Velux window to side elevation and extractor fan to ceiling. Bathroom - 6'9 x 5'10 (2.06m x 1.80m) White panelled bath with shower mixer valve mounted on wall bracket, pedestal wash-hand basin, close coupled W.C. and toilet cistern, wall-mounted radiator, uPVC marble effect tongue-and-groove wall panelling, Velux window to side elevation, extractor fan to ceiling. *Size approximate PLEASE NOTE - There is no signed off paperwork for the extention to the propertywhich was done about 15 years ago please contact us for more information regarding this

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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