3 Bed Semi-Detached House, Cash/Bridging Only, Oldbury, B69 2HH, £165,000

83 Ashtree Road, Tividale, OLDBURY, B69 2HH. - 2 views - a year ago

Sold STC
Cash
ROI: 5%
~76 m²
+6 photos

ValuationUndervalued

Sold Prices£101K - £350K
Sold Prices/m²£1.3K/m² - £6K/m²

 

 

Square Metres

~76.18 m²
Price/m²£2.2K/m²

Value Estimate

£169,950
BMV3%

 

 

End Value (After Refurb)

£170,688

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£10,250

Refurb Costs

£30,144

Bridging Loan Interest

£4,331

Total Cash In

£87,726

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,688

Mortgage (After Refinance)

£128,016

Mortgage LTV

75%

Cash Released

£4,266

Cash Left In

£83,459

Equity

£42,672

Rent Range

£875 - £1,395

Rent Estimate

£1,120

Running Costs/mo

£777

Cashflow/mo

£343

Cashflow/yr

£4,111

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £101K to £350K, average is £186K. £1.3K/m² to £6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£177K09/210 mi79, Ashtree Road, Tividale, Oldbury, West Midlands B69 2HH3
£160K11/200 mi78, Ashtree Road, Tividale, Oldbury, West Midlands B69 2HH3
£210K12/200 mi87, Ashtree Road, Tividale, Oldbury, West Midlands B69 2HH3
£175K06/210.09 mi9, New Birmingham Road, Tividale, Oldbury, West Midlands B69 2JJ3
£155K04/210.11 mi35, Dovey Road, Tividale, Oldbury, West Midlands B69 1NT3
£200K05/230.12 mi73, Brades Rise, Oldbury, West Midlands B69 2HG3
£213.9K03/230.13 mi3, The Dingle, Oldbury, West Midlands B69 2DT3
£245K04/210.14 mi6, Morgan Close, Oldbury, West Midlands B69 2GA3
£148K04/230.14 mi15, Tower Road, Tividale, Oldbury, West Midlands B69 1ND3
£232K07/220.16 mi17, Regan Drive, Oldbury, West Midlands B69 2GB3
£166K01/210.16 mi41, Ashtree Road, Tividale, Oldbury, West Midlands B69 2HD3
£185K04/230.18 mi21, Tower Road, Tividale, Oldbury, West Midlands B69 1NB3
£185.5K09/210.18 mi41, Tower Road, Tividale, Oldbury, West Midlands B69 1NB3
£268K06/220.19 mi2, Leslie Rise, Tividale, Oldbury, West Midlands B69 1LT3
£199K04/230.19 mi6, Leslie Rise, Tividale, Oldbury, West Midlands B69 1LT3
£177K03/210.19 mi35, Leslie Rise, Tividale, Oldbury, West Midlands B69 1LT3
£140K04/210.2 mi94, Dingle Street, Oldbury, West Midlands B69 2DY3
£240K04/210.2 mi2, Embassy Road, Oldbury, West Midlands B69 2GD3
£214K09/210.21 mi2, George Wood Avenue, Oldbury, West Midlands B69 2GG3
£205K03/210.21 mi4, George Wood Avenue, Oldbury, West Midlands B69 2GG3
£225K06/220.21 mi3, Embassy Road, Oldbury, West Midlands B69 2GD3
£164.3K12/200.22 mi16, Timothy Road, Tividale, Oldbury, West Midlands B69 1NS3
£186.5K06/210.22 mi41, St James Road, Oldbury, West Midlands B69 2EA3
£265K07/220.23 mi70, Summerton Road, Oldbury, West Midlands B69 2GF3
£101K08/210.24 mi65, Tower Road, Tividale, Oldbury, West Midlands B69 1NA3
£160K06/210.24 mi68, Tower Road, Tividale, Oldbury, West Midlands B69 1NA3
£165K03/210.24 mi87, Tower Road, Tividale, Oldbury, West Midlands B69 1NA3
£190K06/210.24 mi78, St James Road, Oldbury, West Midlands B69 2DX3
£210K03/210.26 mi149, City Road, Tividale, Oldbury, West Midlands B69 1QP3
£190K04/230.26 mi155, City Road, Tividale, Oldbury, West Midlands B69 1QP3
£157K05/210.26 mi3, Florence Road, Oldbury, West Midlands B69 2DW3
£150K06/210.27 mi30, Florence Road, Oldbury, West Midlands B69 2DN3
£177K03/230.27 mi68, Florence Road, Oldbury, West Midlands B69 2DN3
£280K11/200.28 mi15, Lower City Road, Tividale, Oldbury, West Midlands B69 2HA3
£209.5K04/210.28 mi11, Strawberry Close, Tividale, Oldbury, West Midlands B69 1NU3
£148.5K03/210.35 mi29, Mary Road, Tividale, Oldbury, West Midlands B69 1RR3
£178K12/220.37 mi8, Hawfield Close, Tividale, Oldbury, West Midlands B69 1LH3
£315K05/220.38 mi131, Tower Road, Tividale, Oldbury, West Midlands B69 1NF3
£194.3K12/200.39 mi3, St Brades Close, Tividale, Oldbury, West Midlands B69 1NX3
£187.5K08/210.43 mi99, City Road, Tividale, Oldbury, West Midlands B69 1QS3
£144K03/210.45 mi7, East Avenue, Tividale, Oldbury, West Midlands B69 1QU3
£175K05/230.45 mi10, East Avenue, Tividale, Oldbury, West Midlands B69 1QU3
£187K02/230.48 mi115, Ivy House Road, Oldbury, West Midlands B69 1HQ3
£235K03/210.49 mi91, Albion Street, Oldbury, West Midlands B69 3EY3
£350K12/220.49 mi18, Ludgate Close, Tividale, Oldbury, West Midlands B69 1NY3
£140K06/230.5 mi28, Dudley Road East, Tividale, Oldbury, West Midlands B69 3HJ3
£260K04/230.5 mi13, Poplar Avenue, Tividale, Oldbury, West Midlands B69 1RG3
£185K11/200.51 mi60, Shinwell Crescent, Tividale, Oldbury, West Midlands B69 3LQ3
£160K11/220.51 mi50, Theodore Close, Oldbury, West Midlands B69 3EF3
£180K02/210.51 mi57, Theodore Close, Oldbury, West Midlands B69 3EF3

Local Rents

17 rents from £875/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.15 mi-3
£1,39504/250.2 mi-3
£1,00012/240.2 miEmbassy Road, Oldbury, B693
£1,17504/250.22 mi-3
£95002/240.24 mi-3
£99503/250.24 mi-3
£1,37512/240.24 mi-3
£1,39504/250.27 mi-3
£1,09002/250.35 mi-3
£1,07502/250.35 mi-3
£87501/250.4 mi-3
£97503/250.4 mi-3
£1,25012/230.41 mi-3
£1,15011/230.42 mi-3
£1,25012/240.47 mi-3
£1,25012/240.49 miLudgate Close, Tividale, Oldbury, West Midlands, B693
£1,15004/250.62 mi-3

Local Area Statistics

Population in B69

29,011

Population in Oldbury

59,935

Town centre distance

1.23 miles away

Nearest school

0.40 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Price changed to £165,000

January 23, 2025

Listed for £180,000

May 21, 2024

Floor Plans

Description

A traditional semi-detached property situated in a good and convenient location, requiring modernisation and refurbishment. Available to CASH PURCHASERS ONLY

An opportunity to acquire a traditional semi-detached property situated in a quiet but extremely convenient location within Oldbury, offering good sized family accommodation but requiring some improvement and modernisation. The property is well located having good public transport service links available nearby on New Birmingham Road providing access into Birmingham City Centre, Wolverhampton, Dudley, Oldbury, Blackheath and surrounding areas. Local shopping facilities are available less than 200m from the property and rail links and further additional shopping facilities are available in Oldbury Town Centre less than a mile from the property where access is available to the West Coast Mainline at Sandwell & Dudley Railway Station including Birmingham City Centre and London Euston.

The traditional semi-detached is constructed in brick under a well-pitched roof and has uPVC double glazed windows to all openings together with electric storage heater system. Set back from the roadside behind a York Stone brick low level retaining wall, steep concrete tramlined driveway with central steps leads to additional wide steps located next to an astro turfed front lawn, extending down to a

Canopied Storm Porch Entrance
uPVC entrance door containing double glazed window with matching side panel, ceramic tiled floor into

Reception Hall
Storage heater, low level understairs storage with additional traditional pantry leading off with fitting shelving and double glazed window to side

Front Room - 11'1 x 12'8 (3.38m x 3.86m) into three-sided double glazed bay
Feature two-tone grey/black marble fireplace, fire surround and matching insert and raised hearth, Creda storage heater

Rear Sitting Room - 11'2 x 11'3 (3.40m x 3.43m)
Creda storage heater, full-length picture window containing single uPVC opening door providing access to

Verandah - 9'3 x 5'8 (2.82m x 1.73m)
Corex pitched roof on a wooden frame with single glazed windows overlooking rear garden, part-glazed door to side

Kitchen - 8'1 x 5'8 (2.46m x 1.73m)
Floor mounted drawer stack unit with open shelf unit to end and laminated worktop surface over containing single bowl sink and matching single drainer, double high level storage cupboard with double width sliding opening doors and fitted shelf opposite. Half-tiled walls to two sides including shelf below uPVC double glazed window. Additional high level wall mounted cupboard to opposite site. Plumbing installed for automatic washing machine and electric cooker point. Part glazed uPVC door to side and rear garden.

Staircase and handrail extend from Reception Hall into First Floor Landing with access to loft space, double glazed window and Creda storage heater.

Bedroom 1 (Rear) - 11'3 x 11'3 (3.43m x 3.43m)
Double glazed window

Bedroom 2 (Front) - 13'11 x 10'9 (4.24m x 3.28m)
Double glazed window

Bedroom 3 (Front) - 6'10 x 5'9 (2.08m x 1.75m)
Double glazed window

Bathroom - 8'1 x 5'7 (2.46m x 1.70m)
Double width shower cubicle with chrome glass shower screen with central sliding opening doors, Mira Advance electric shower with wash-hand basin set into white oak vanity double doored storage cupboard with mixer tap. Close coupled W.C. and toilet cistern. Fully ceramic tiled single wall in Travertene tiles with matching border tile extending into half-tiled walls, obscure uPVC double glazed window overlooking rear garden.

Outside
Access from kitchen to side slabbed area with gated access to front, slabbed area opening up into rear garden with low level York Stone wall with step up to slabbed area with lawn to right hand side, borders and paved area on which is situated aluminum greenhouse and timber shed.

Please Note: The property is available to CASH BUYERS ONLY due to the amount of work required to bring the property upto current housing standard. Dependent upon interest, it is assumed that the sale of the property will proceed to a SEALED BID SALE and anyone submitting offers should take this into consideration. The sale must be completed within 28 days of receiving draft contracts from the vendors solicitors.

Tenure
The Agents are advised that the property is FREEHOLD but they have not checked the legal documents to verify this. The buyer should obtain confirmation from their Solicitor or Surveyor.

Fixtures & Fittings
Excluded from the sale unless referred to herein.

Services & Appliances
The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify that they are in working order or fit for the purpose. the buyer should obtain confirmation from the Solicitor or Surveyor.

Vacant Possession upon Completion

Viewing
By arrangement with the Selling Agent.

Agent Details

Tom Giles & Co, Oldbury

0121 387 6441

Next Steps?

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