3 Bed Bungalow, Refurb/BRRR, Bilston, WV14 8ES, £170,000

Moorcroft, Bilston, WV14 8ES - 2 views - 10 months ago

Refurb/BRRR
ROI: 5%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£98K - £305K
Sold Prices/m²£1.2K/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£171,700

 

 

End Value (After Refurb)

£211,467

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Refurb Costs

£36,800

Bridging Loan Interest

£4,463

Total Cash In

£95,213

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£211,467

Mortgage (After Refinance)

£158,600

Mortgage LTV

75%

Cash Released

£31,100

Cash Left In

£64,112

Equity

£52,867

Rent Range

£975 - £3,000

Rent Estimate

£1,377

Running Costs/mo

£956

Cashflow/mo

£421

Cashflow/yr

£5,049

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £98K to £305K, average is £186.1K. £1.2K/m² to £3.1K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£220K01/240.05 mi7, Hannah Road, Bilston, West Midlands WV14 8ET3
£137.5K04/210.07 mi121, Great Bridge Road, Bilston, West Midlands WV14 8NG3
£157.5K03/230.14 mi15, Ashtree Grove, Bilston, West Midlands WV14 8LX3
£202K12/220.14 mi92, Wallace Road, Bilston, West Midlands WV14 8BX3
£216K12/220.15 mi88, Wallace Road, Bilston, West Midlands WV14 8BX3
£128K01/240.15 mi1, Charnwood Close, Bilston, West Midlands WV14 8NB3
£122K06/230.16 mi21, Wallace Road, Bilston, West Midlands WV14 8BU3
£225K01/230.17 mi52, Mullion Drive, Bilston, West Midlands WV14 8GW3
£166K07/210.2 mi56, Bradley Lane, Bilston, West Midlands WV14 8EW3
£220K12/220.2 mi17, Mervyn Road, Bilston, West Midlands WV14 8DF3
£165K12/210.21 mi28, Mervyn Road, Bilston, West Midlands WV14 8DF3
£254K03/210.23 mi97, Constantine Way, Bilston, West Midlands WV14 8GU3
£285K02/230.23 mi137, Constantine Way, Bilston, West Midlands WV14 8GU3
£181.5K06/230.24 mi7, Ashfield Road, Bilston, West Midlands WV14 8BT3
£210K10/230.25 mi26, Willis Pearson Avenue, Bilston, West Midlands WV14 8DA3
£140K07/210.25 mi46, Willis Pearson Avenue, Bilston, West Midlands WV14 8DA3
£100.5K01/210.25 mi21, Raleigh Road, Bilston, West Midlands WV14 8ED3
£199K03/230.25 mi4, Raleigh Road, Bilston, West Midlands WV14 8ED3
£98K02/210.27 mi39, Glyn Avenue, Bilston, West Midlands WV14 8NN3
£200K12/210.28 mi15, Cadgwith Gardens, Bilston, West Midlands WV14 8GY3
£132K10/200.28 mi41, Curtin Drive, Moxley, Wednesbury, West Midlands WS10 8RJ3
£178K12/220.29 mi17, Prince Charles Road, Bilston, West Midlands WV14 8EG3
£230K11/210.29 mi25, Constantine Way, Bilston, West Midlands WV14 8GX3
£215K10/210.29 mi65, Constantine Way, Bilston, West Midlands WV14 8GX3
£165K07/210.3 mi26, Kendrick Place, Bilston, West Midlands WV14 8LH3
£135K11/230.32 mi64, Curtin Drive, Moxley, Wednesbury, West Midlands WS10 8RL3
£305K06/220.33 mi2, Grayling Close, Wednesbury, West Midlands WS10 8GE3
£190K09/230.33 mi104, Bradley Lane, Bilston, West Midlands WV14 8EN3
£136.5K01/230.35 mi26, Princess Anne Road, Bilston, West Midlands WV14 8EJ3
£130K03/230.36 mi28, Pace Crescent, Bilston, West Midlands WV14 8BJ3
£175K07/230.36 mi5, Pace Crescent, Bilston, West Midlands WV14 8BJ3
£187.3K12/220.37 mi33, High Street, Moxley, Wednesbury, West Midlands WS10 8RX3
£180K04/240.4 mi44, High Street, Moxley, Wednesbury, West Midlands WS10 8SD3
£240K03/210.4 mi26, Myrtle Terrace, Tipton, West Midlands DY4 0BX3
£141K02/230.44 mi5, Wilkinson Road, Wednesbury, West Midlands WS10 8SH3
£125K03/230.45 mi23, Daley Road, Bilston, West Midlands WV14 8AZ3
£115K11/200.45 mi29, Daley Road, Bilston, West Midlands WV14 8AZ3
£150K04/210.45 mi6, Daley Road, Bilston, West Midlands WV14 8AZ3
£195K03/210.45 mi36, Elizabeth Walk, Tipton, West Midlands DY4 0AX3
£189.9K07/230.5 mi82, Rocket Pool Drive, Bilston, West Midlands WV14 8BD3
£273K12/220.5 mi5, Wells Close, Tipton, West Midlands DY4 0AP3
£240K04/210.5 mi5, Wells Close, Tipton, West Midlands DY4 0AP3
£180K10/230.51 mi2, Bartlett Close, Tipton, West Midlands DY4 0BU3
£217K05/230.52 mi25, Kemsey Drive, Bilston, West Midlands WV14 8NZ3
£170K03/210.55 mi19, Andrew Road, Tipton, West Midlands DY4 0AW3
£240K04/210.55 mi14, Andrew Road, Tipton, West Midlands DY4 0AW3
£185K12/200.55 mi15, Andrew Road, Tipton, West Midlands DY4 0AW3
£227K06/210.55 mi22, Elizabeth Walk, Tipton, West Midlands DY4 0AZ3
£195.1K12/200.55 mi12, Elizabeth Walk, Tipton, West Midlands DY4 0AZ3
£235K02/230.55 mi8, Elizabeth Walk, Tipton, West Midlands DY4 0AZ3

Local Rents

10 rents from £975/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25011/240.2 miBradley Lane, Wolverhampton3
£1,25011/240.2 miBradley Lane, BILSTON3
£97511/240.25 miKendrick Road, Bilston3
£1,05011/240.27 mi-3
£1,00004/250.29 mi-3
£3,00004/250.3 mi-3
£1,35011/240.32 miBradley Lane, Wolverhampton, WV143
£1,35011/240.32 mi-3
£1,29503/250.34 mi-3
£1,25003/240.55 miAndrew Road, TIPTON3

Local Area Statistics

Population in WV14

46,931

Town centre distance

1.08 miles away

Nearest school

0.20 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £170,000

July 5, 2024

Floor Plans

Description

  • DELIGHTFUL SEMI-DETACHED BUNGALOW OFFERING GREAT POTENTIAL - NO UPWARD CHAIN +
  • SPACIOUS HOME WITH VERSATILE ACCOMMODATION +
  • TWO/THREE BEDROOMS +
  • LIVING ROOM PLUS SITTING ROOM/BEDROOM THREE WITH DOOR OUT TO REAR GARDEN +
  • FITTED KITCHEN +
  • BATHROOM WITH SEPARATE BATH AND SHOWER CUBICLE +
  • USEFUL SIDE UTILITY AREA +
  • CENTRAL HEATING (COMBINATION BOILER) AND DOUBLE GLAZING +
  • BOARDED LOFT AREA +
  • OFF ROAD PARKING AND PRIVATE REAR GARDEN +

A deceptively spacious, versatile and impressive semi-detached bungalow occupying a delightful and quiet cul-de-sac position in a popular residential area. This delightful home requires some modernisation works but offers great potential and is for sale with no upward chain.

This two/three bedroom property benefits from generous accommodation, central heating, double glazing, living room, fitted kitchen, useful side utility area, bathroom with separate bath and shower cubicle. There is off road parking to the front, a private garden to the rear and a useful boarded loft area.

Mining Report available upon request.

Council Tax Band B.
Energy Rating E.
Tenure FREEHOLD.

Agent Details

Skitts Estate Agents, Bilston

01902 953104

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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