2 Bed Bungalow, Refurb/BRRR, Wednesbury, WS10 7NQ, £195,000

Maple Leaf Road, Wednesbury, WS10 7NQ - 1 views - a year ago

Sold STC
Refurb/BRRR
ROI: 13%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£86K - £283K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£161,994

 

 

End Value (After Refurb)

£192,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£12,350

Refurb Costs

£26,951

Bridging Loan Interest

£5,119

Total Cash In

£94,920

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,000

Mortgage (After Refinance)

£144,000

Mortgage LTV

75%

Cash Left In

£94,920

Equity

£48,000

Rent Range

£750 - £4,000

Rent Estimate

£2,070

Running Costs/mo

£1,034

Cashflow/mo

£1,036

Cashflow/yr

£12,432

ROI

13%

Gross Yield

13%

Local Sold Prices

42 sold prices from £86K to £283K, average is £157K. £1.5K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£190K11/200.04 mi27, Wigginsmill Road, Wednesbury, West Midlands WS10 7NH2
£190K03/240.04 mi17, Wigginsmill Road, Wednesbury, West Midlands WS10 7NH2
£175K10/210.09 mi38, Weston Drive, Tipton, West Midlands DY4 0AE2
£180K05/210.1 mi27, Seymour Road, Tipton, West Midlands DY4 0EP2
£283K10/230.1 mi27, Seymour Road, Tipton, West Midlands DY4 0EP2
£170K02/230.13 mi9, Lea Avenue, Wednesbury, West Midlands WS10 7NP2
£145K11/200.13 mi5, Lea Avenue, Wednesbury, West Midlands WS10 7NP2
£170K07/210.13 mi6, Lea Avenue, Wednesbury, West Midlands WS10 7NP2
£195K01/230.18 mi4, Ruth Close, Tipton, West Midlands DY4 0AQ2
£230K08/230.21 mi22, Bagnall Street, Ocker Hill, Tipton, West Midlands DY4 0EB2
£190K03/210.22 mi27, Bertram Close, Tipton, West Midlands DY4 0EL2
£147.5K06/210.25 mi54, Catherton Close, Tipton, West Midlands DY4 0DQ2
£145K01/210.25 mi18, Catherton Close, Tipton, West Midlands DY4 0DQ2
£213K11/220.25 mi56, Catherton Close, Tipton, West Midlands DY4 0DQ2
£145.5K11/200.26 mi33, Prospect Street, Tipton, West Midlands DY4 0EE2
£159K10/210.45 mi146, Toll End Road, Tipton, West Midlands DY4 0ET2
£160K12/220.47 mi140, Toll End Road, Tipton, West Midlands DY4 0ET2
£137.5K03/210.48 mi89, Gospel Oak Road, Tipton, West Midlands DY4 0DN2
£158.5K03/230.48 mi89, Gospel Oak Road, Tipton, West Midlands DY4 0DN2
£127K03/230.52 mi58, Toll End Road, Tipton, West Midlands DY4 0EU2
£136K06/210.53 mi3, Hyett Way, Bilston, West Midlands WV14 8NR2
£160K06/230.53 mi5, Hyett Way, Bilston, West Midlands WV14 8NR2
£183K09/220.55 mi35, Bilston Road, Tipton, West Midlands DY4 0BY2
£156K03/230.57 mi103, Highfield Road, Tipton, West Midlands DY4 0QX2
£165K05/230.63 mi43, Cupfields Avenue, Tipton, West Midlands DY4 0QY2
£121.5K11/200.82 mi29, Sandgate Road, Tipton, West Midlands DY4 0RZ2
£115K12/200.86 mi27, Whitehouse Avenue, Wednesbury, West Midlands WS10 7HT2
£86K03/210.87 mi67, Margaret Road, Wednesbury, West Midlands WS10 7QT2
£190K09/210.88 mi10, Newells Drive, Tipton, West Midlands DY4 0LD2
£165K12/220.88 mi87, Cotterills Road, Tipton, West Midlands DY4 0JY2
£139.8K11/200.88 mi6, Crownmeadow Drive, Tipton, West Midlands DY4 0LE2
£130K06/210.89 mi31, Cotterills Road, Tipton, West Midlands DY4 0LA2
£133K12/220.89 mi18, Cotterills Road, Tipton, West Midlands DY4 0LA2
£112K02/230.92 mi34, Cotterills Road, Tipton, West Midlands DY4 0JZ2
£122.5K06/210.93 mi2, Smith Avenue, Wednesbury, West Midlands WS10 7SB2
£137.5K08/210.94 mi9, Castle View Close, Moxley, Wednesbury, West Midlands WS10 8SE2
£95K12/200.95 mi33, Humphries Crescent, Bilston, West Midlands WV14 8BB2
£147.5K02/210.98 mi60, Victory Avenue, Wednesbury, West Midlands WS10 7RS2
£133K02/210.98 mi28, Devey Drive, Tipton, West Midlands DY4 0LU2
£158K07/210.99 mi8, Grainger Close, Tipton, West Midlands DY4 0LX2
£100K01/210.99 mi22, Grainger Close, Tipton, West Midlands DY4 0LX2
£176K04/210.99 mi6, Mounts Road, Wednesbury, West Midlands WS10 0BZ2

Local Rents

50 rents from £750/mo to £4K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£87504/240.09 miWeston Drive, West Midlands, DY42
£1,00003/250.12 mi-2
£1,19502/250.13 mi-2
£90011/240.17 miBagnalls Wharf, WEDNESBURY2
£90011/240.17 miBagnalls Wharf, WEDNESBURY2
£95012/240.17 mi-2
£1,00004/250.51 mi-2
£80011/240.59 miHolyhead Road, Wednesbury, West Midlands2
£85011/240.61 miHolyhead Road, Wednesbury, WS102
£85003/250.65 mi-2
£2,50012/240.87 mi-2
£2,50012/240.87 mi-2
£2,00012/240.87 mi-2
£2,50012/240.87 mi-2
£2,50012/240.87 mi-2
£2,50011/240.87 mi-2
£2,50011/240.87 mi-2
£4,00012/240.87 mi-2
£3,20012/240.87 mi-2
£3,20012/240.87 mi-2
£2,50002/250.87 mi-2
£2,50001/250.87 mi-2
£2,50002/250.87 mi-2
£2,50003/250.87 mi-2
£2,50002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50003/250.87 mi-2
£2,70002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50003/250.87 mi-2
£2,50003/250.87 mi-2
£2,00002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50001/250.87 mi-2
£2,50002/250.87 mi-2
£2,50003/250.87 mi-2
£3,20003/250.87 mi-2
£4,00002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50002/250.87 mi-2
£2,50003/250.87 mi-2
£2,50004/250.87 mi-2
£2,50004/250.87 mi-2
£90004/250.87 mi-2
£85004/240.87 mi-2
£80011/240.88 miAddison Terrace, WEDNESBURY2
£75011/240.95 miHumphries Crescent, Bilston2

Local Area Statistics

Population in WS10

46,704

Population in Wednesbury

46,710

Town centre distance

1.20 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental growth (12m)

+178%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Price changed to £195,000

February 1, 2025

Price changed to £200,000

September 25, 2024

Listed for £210,000

May 16, 2024

Floor Plans

Description

  • SEMI DETACHED BUNGALOW +
  • TWO BEDROOMS +
  • LARGE GARAGE +
  • OFF ROAD PARKING +
  • NO UPWARD CHAIN +
  • PRIVATE REAR GARDEN +
  • IN NEED OF SOME MODERNISATION +

SUMMARY
Connells Estate Agents are pleased to market for sale this two bedroom semi detached property on a desirable estate in Wednesbury. Offered with no upward chain, in need of some modernisation and available for viewings straight away call us on .

DESCRIPTION
Connells Estate Agents are pleased to bring to the market this two bedroom semi detached property on a desirable estate in Wednesbury, offered with no upward chain.

to the ground floor, the property briefly comprises of a fitted kitchen with plumbing for utility purposes, a spacious lounge, modern fitted bathroom and two bedrooms.

Externally the property benefits from having a driveway for off road parking, garage and paved rear garden.

The property sits in a great location to provide easy access to town centres, local schools, transport links and other amenities.

Entrance Hall 
Double glazed access door to front, storage cupboard, doors to lounge and kitchen.

Lounge 11' 4" max x 19' 6" max ( 3.45m max x 5.94m max )
Double glazed window to front and radiator.

Kitchen 8' 2" x 14' 1" ( 2.49m x 4.29m )
Double glazed window to side, fitted with a range of wall and base units with work surfaces over, sink and drainer, splash back tiling, plumbing for washing machine, space for appliances, towel radiator and door to inner hall.

and door leading to the side access.

Inner Hall 
Doors to bedrooms and shower room.

Bedroom One 11' 4" x 15' 4" ( 3.45m x 4.67m )
Double glazed window to rear and radiator.

Bedroom Two 8' 2" x 11' 8" ( 2.49m x 3.56m )
Double glazed window to rear and radiator.

Shower Room 
Double glazed window to side, shower cubicle, vanity wash hand basin, WC, extractor fan, heated towel rail, wall and floor tiling.

Outside 
Front:
Brick paved driveway, block paved frontage and double gates leading to garage.

Rear:
Paved and gravelled rear garden.

Garage 8' 2" x 16' 4" ( 2.49m x 4.98m )
Up and over doors, power and lighting.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Wednesbury

0121 387 6309

Next Steps?

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