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.

PriceDateDistanceAddressBeds 
£170K05/210.29 mi57, Fairway Green, Bilston, West Midlands WV14 6DE4
£136K10/200.32 mi88, Green Park Drive, Bilston, West Midlands WV14 6DU4
£235K12/230.32 mi14, Church Green, Bilston, West Midlands WV14 6HJ4
£142K11/200.49 mi5, Albany Crescent, Bilston, West Midlands WV14 0HT4
£200K02/240.5 mi67, George Street, Ettingshall, Wolverhampton, West Midlands WV2 2LY4
£215K05/210.52 mi57, Sidwick Crescent, Wolverhampton, West Midlands WV2 2NX4
£215K05/210.52 mi57, Sidwick Crescent, Wolverhampton, West Midlands WV2 2NX4
£185K09/210.68 mi24, Lauder Close, Willenhall, West Midlands WV13 3QH4
£280K02/230.68 mi369, Willenhall Road, Wolverhampton, West Midlands WV1 2JR4
£240K10/230.73 mi25, Deans Gate, Willenhall, West Midlands WV13 3NH4
£250K03/230.74 mi131, Bunkers Hill Lane, Bilston, West Midlands WV14 6JY4
£235K12/230.79 mi13, Castlecroft Road, Bilston, West Midlands WV14 6PQ4
£322.5K09/210.81 mi58, Weston Drive, Bilston, West Midlands WV14 0UN4
£270K02/210.81 mi72, Weston Drive, Bilston, West Midlands WV14 0UN4
£370.1K06/230.82 mi2, Rushbury Close, Bilston, West Midlands WV14 0UH4
£230K02/230.83 mi585, Willenhall Road, Willenhall, West Midlands WV13 3LP4
£150K05/210.83 mi99, Mount Pleasant, Bilston, West Midlands WV14 7NR4
£180K06/210.86 mi24, Barnett Road, Willenhall, West Midlands WV13 3LD4
£316K06/210.89 mi1, Harley Drive, Bilston, West Midlands WV14 0UE4
£300K10/220.89 mi118, Weston Drive, Bilston, West Midlands WV14 0UN4
£180K01/210.9 mi51, Coventry Street, Eastfield, Wolverhampton, West Midlands WV1 2LQ4
£205K03/210.9 mi1a, Craven Street, Wolverhampton, West Midlands WV2 2EN4
£360K09/230.93 mi9, Canwell Gardens, Bilston, West Midlands WV14 0UW4
£248K08/230.93 mi43, Beckett Street, Bilston, West Midlands WV14 7NS4
£348K11/210.93 mi5, Lydham Close, Bilston, West Midlands WV14 0UT4
£280K09/220.98 mi33, Queen Street, Bilston, West Midlands WV14 7ER4
£246K09/230.98 mi9, Packwood Close, Willenhall, West Midlands WV13 3EF4
£246K09/230.98 mi9, Packwood Close, Willenhall, West Midlands WV13 3EF4

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

  • Substantial 7-bedroom semi detached house. +
  • Requires modernisation, offering vast potential. +
  • Gas central heating and double glazing throughout. +
  • Front and rear gardens, ideal for outdoor activities. +
  • Off-road parking. +
  • Convenient location near reputable schools, shops, and transport links. +
  • Potential for HMO investment, subject to planning approval and due diligence. +

Discover a rare opportunity to acquire a substantial 7 bedroom semi detached house at Broadmeadow Green, Bilston WV14 6EG. This expansive property, offering extensive living space over three floors, is perfect for those looking to create a dream family home or a lucrative investment opportunity. With some modernisation required, this home is brimming with potential to be tailored to your taste and needs.
As you step inside, you are greeted by a welcoming hallway leading to a spacious living room, a cozy sitting room, a formal dining room, a functional kitchen, and a convenient shower room. These versatile spaces provide a solid foundation for entertaining guests, family activities, and day-to-day living. Ascending to the first floor, you will find five generously sized bedrooms, one of which features its own shower room, offering a touch of privacy and convenience. The first floor also hosts a well-appointed family bathroom, designed to cater to the needs of a bustling household.
The top floor is home to two additional bedrooms, including a large, impressive master suite complete with an en-suite bathroom. This floor offers a private retreat, ideal for relaxation and comfort. Throughout the property, gas central heating and double glazing ensure a warm and energy-efficient environment.
The exterior of the property complements the interior’s potential, boasting both front and rear gardens. These outdoor spaces are perfect for gardening enthusiasts, outdoor dining, or children’s play areas. Additionally, the property benefits from off-road parking, a valuable asset in this residential area.
Located in the heart of Bilston, 41 Broadmeadow Green is ideally positioned for access to local amenities. The area is well-served by reputable schools, making it an excellent choice for families. Transport links are plentiful, with easy access to major road networks and public transport options, including the nearby Bilston Central tram station and regular bus services. Local shops, supermarkets, and recreational facilities are all within close reach, enhancing the convenience of this prime location.
This property also presents a compelling investment opportunity. With the potential to be converted into a House in Multiple Occupation (HMO), subject to the necessary planning approvals, the house is well-suited for generating substantial rental income. It is believed to have previously held an HMO license, potentially offering Grandfather rights. However, prospective buyers should conduct their own due diligence to confirm this status.
Don’t miss the chance to explore the vast potential of Broadmeadow Green. Whether you envision it as your forever home or a profitable investment, this property is a blank canvas awaiting your vision. Arrange a viewing today and start planning the future of this remarkable residence.

Agent Details

Dixons, Wolverhampton

01902 943774

Next Steps?

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