7 Bed HMO, Bilston, WV14 6EG, £290,000
41 Broadmeadow Green, Bilston WV14 6EG - 7 views - 10 months ago
Sold STC
HMO
Refurb/BRRR
ROI: 9%
~158 m²





+15 photos
ValuationFair Value
Sold Prices | £136K - £370.1K |
Sold Prices/m² | £1.3K/m² - £3.4K/m² |
| |
Square Metres | ~157.70 m² |
Price/m² | £1.8K/m² |
Value Estimate | £292,900 |
| |
End Value (After Refurb) | £302,587 |
Uplift in Value | +4% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £72,500 |
Stamp Duty & Legal Fees | £11,900 |
Refurb Costs | £62,402 |
Bridging Loan Interest | £7,613 |
Total Cash In | £156,164 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £302,587 |
Mortgage (After Refinance) | £226,940 |
Mortgage LTV | 75% |
Cash Released | £9,440 |
Cash Left In | £146,724 |
Equity | £75,647 |
Room Rate | £524 |
Gross Rent | £3,668 |
Running Costs/mo | £2,462 |
Cashflow/mo | £1,206 |
Cashflow/yr | £14,471 |
ROI | 9% |
Gross Yield | 15% |
Local Sold Prices
28 sold prices from £136K to £370.1K, average is £237.5K. £1.3K/m² to £3.4K/m², average is £2.3K/m².
Local Area Statistics
Population in WV14 | 46,931 |
Town centre distance | 1.20 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.47 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +18% |
Sales demand | Seller's market |
Capital growth (5yrs) | +48% |
Property History
Listed for £290,000
June 19, 2024
Floor Plans

Description
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