3 Bed Semi-Detached House, Refurb/BRRR, Wednesbury, WS10 0BL, £230,000

Yew Tree Lane, Wednesbury, WS10 0BL - 1 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£36,800

Bridging Loan Interest

£6,038

Total Cash In

£114,788

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,000

Mortgage (After Refinance)

£159,000

Mortgage LTV

75%

Cash Left In

£114,788

Equity

£53,000

Rent Range

£750 - £3,800

Rent Estimate

£1,240

Running Costs/mo

£931

Cashflow/mo

£309

Cashflow/yr

£3,708

ROI

3%

Gross Yield

6%













Local Rents

51 rents from £750/mo to £3.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99502/240.18 mi-3
£1,20011/240.41 miKnowles Street, Wednesbury3
£1,20011/240.41 miCarnegie Drive, WEDNESBURY3
£95012/240.51 miCrookhay Lane, West Bromwich,West Midlands, B713
£1,00003/250.56 mi-3
£90001/250.57 mi-3
£90001/250.57 mi-3
£99503/240.7 mi-3
£99512/240.7 miColes Lane, West Bromwich, B713
£1,20002/250.71 mi-3
£3,80002/250.74 mi-3
£95002/240.74 mi-3
£1,20012/240.8 miColes Lane, Hiltop, West Brom, B71 2QJ3
£1,17512/240.81 miSiddons Way, West Bromwich3
£1,00002/250.81 mi-3
£1,10012/240.82 miSiddons Way, West Bromwich3
£1,20003/250.85 mi-3
£1,90012/240.86 mi-3
£1,90003/250.86 mi-3
£95011/240.86 miTame Avenue, WEDNESBURY3
£1,29512/240.91 miRoman Way, West Bromwich3
£1,29512/240.93 miRoman Way, West Bromwich, B713
£1,29512/240.93 miRoman Way, West Bromwich3
£1,29512/240.96 miRoman Way, West Bromwich3
£1,29512/240.96 miMillfields, West Bromwich, B713
£1,29512/240.96 miRoman Way, West Bromwich, B713
£1,29512/240.96 miMillfields, West Bromwich, B713
£1,29512/240.96 miRoman Way, West Bromwich, B713
£1,29512/240.96 miMillfields, West Bromwich, B713
£1,29512/240.96 miMillfields, West Bromwich, B713
£75011/240.97 miDorsett Road, Wednesbury, WS103
£1,29512/240.97 miMillfields, West Bromwich, B713
£1,29512/240.97 miRoman Way, West Bromwich3
£1,29512/240.97 miMillfields, West Bromwich, B713
£1,29512/240.97 miRoman Way, West Bromwich3
£1,29512/240.97 miRoman Way, West Bromwich3
£1,29512/240.97 miRoman Way, West Bromwich3
£1,29512/240.97 miRoman Way, West Bromwich3
£1,29512/240.97 miRoman Way, West Bromwich3
£1,29512/240.97 miRoman Way, West Bromwich3
£1,02503/240.99 mi-3
£1,25012/241.01 miAshmole Road, West Bromwich, B703
£90011/241.03 miCarisbrooke Road, WEDNESBURY3
£1,00002/251.03 mi-3
£1,00011/241.05 mi-3
£1,30011/241.06 miBagnalls Wharf, Bentley, WEDNESBURY3
£95003/241.07 mi-3
£1,10012/241.1 miLakeside Road, West Bromwich3
£1,00012/231.12 mi-3
£1,30002/251.13 mi-3
£1,20001/251.16 mi-3

Local Area Statistics

Population in WS10

46,704

Population in Wednesbury

46,710

Town centre distance

0.94 miles away

Nearest school

0.30 miles away

Nearest train station

0.63 miles away

 

 

Rental growth (12m)

+178%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £230,000

August 23, 2024

Floor Plans

Description

  • Golf Links Estate +
  • Full of potential +
  • Huge corner plot +
  • Outbuildings +
  • Driveway +
  • Prime location +

Huge corner plot****Viewings immediately available Calling all first time buyers, families and investors looking for their next perfect family home! This beautiful property is situated in Wednesbury - a very popular part of the WS10 postcode. The property briefly comprises of; Large driveway, hallway, large lounge, kitchen/diner, three well proportioned bedrooms, landing space with storage, shower room and a well maintained rear garden perfect for entertaining the guests! The property is in need of some TLC which makes it absolutely perfect for a family project. Wednesbury itself offers some fantastic local amenities including shops, bars and cafes. WS10 also has a range of excellent schools including comprehensive, Junior and Infant schools. It also has fantastic transport links, including the M6 motorway just a short drive away. This property is sure to be busy so book your viewing now! Hallway - double glazed window to the front and storage space. Lounge- 3.63m (into max) x 5.92m (into max)- large room, fireplace. Double glazed window to front and rear. Kitchen / Diner - 3.70m x 3.84m - Fully fitted kitchen with wall and base units, ample work surface, free standing cooker, sink drainer over looking garden, space for double fridge freezer, and washing machine. Easily space for a good sized dining table or island. Double glazed window to rear and UPVC door at rear with access to garden. Garage (detached at side) 2.49 x 5.13  - Electricity points and plumbing. Currently has washing machine. Up and over door to front. Single glazed window to rear. Bedroom One - 3.25m x 3.87m (plus storage) - Large room, Built in storage space, double glazed window to rear. Bedroom Two - 3.88m into recess x 3.62m (plus storage)  - Built in storage space, double glazed window to rear. *currently has lift in bedroom. Can be removed or kept at buyers discretion* Bedroom Three - 2.66m x 2.63m - Another double bedroom! Double glazed window to front. Shower room - walk in shower, WC, wash hand basin, fully tiled and rad. Double glazed window to side. Garden - patio area perfect for entertaining, well maintained lawn area with stunning borders. Access to the outhouses which even include WC. In the summer - A must see!! Do not delay - Book your viewing now!!! EPC band: TBC Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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

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