3 Bed Terraced House, Refurb/BRRR, Rowley Regis, B65 9DG, £177,000

Blue Stone Walk, Rowley Regis, B65 9DG - 7 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£83.3K - £315K
Sold Prices/m²£1.2K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£180,540

 

 

End Value (After Refurb)

£216,648

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£44,250

Stamp Duty & Legal Fees

£6,510

Refurb Costs

£36,800

Bridging Loan Interest

£4,646

Total Cash In

£93,956

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£216,648

Mortgage (After Refinance)

£162,486

Mortgage LTV

75%

Cash Released

£29,736

Cash Left In

£64,220

Equity

£54,162

Rent Range

£850 - £1,450

Rent Estimate

£1,118

Running Costs/mo

£921

Cashflow/mo

£197

Cashflow/yr

£2,369

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £83.3K to £315K, average is £192.1K. £1.2K/m² to £6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£210K06/230.05 mi14, Newbury Walk, Rowley Regis, West Midlands B65 9DF3
£220K12/200.07 mi1, Midhill Drive, Rowley Regis, West Midlands B65 9SD3
£172.5K07/210.08 mi13, Portway Hill, Rowley Regis, West Midlands B65 9DE3
£207K07/230.1 mi285, Newbury Lane, Oldbury, West Midlands B69 1JH3
£245.5K11/210.11 mi43, Midhill Drive, Rowley Regis, West Midlands B65 9SG3
£249.9K05/210.11 mi63, Midhill Drive, Rowley Regis, West Midlands B65 9SG3
£240K04/210.12 mi27, Sidaway Close, Rowley Regis, West Midlands B65 9SJ3
£149.9K02/210.13 mi342, Newbury Lane, Oldbury, West Midlands B69 1JJ3
£157.5K06/230.13 mi330, Newbury Lane, Oldbury, West Midlands B69 1JJ3
£183K12/220.13 mi356, Newbury Lane, Oldbury, West Midlands B69 1JJ3
£265K11/220.15 mi24, Sidaway Close, Rowley Regis, West Midlands B65 9SJ3
£285K08/220.19 mi1, Wadham Close, Rowley Regis, West Midlands B65 9SH3
£212K03/210.2 mi174, Throne Road, Rowley Regis, West Midlands B65 9LD3
£210K12/220.2 mi168, Throne Road, Rowley Regis, West Midlands B65 9LD3
£195K05/230.23 mi90, Wallace Road, Oldbury, West Midlands B69 1HL3
£182K01/230.25 mi199, Newbury Lane, Oldbury, West Midlands B69 1JQ3
£155K02/210.25 mi254, Newbury Lane, Oldbury, West Midlands B69 1JG3
£225K12/220.31 mi64, Hanover Road, Rowley Regis, West Midlands B65 9DZ3
£130K11/200.32 mi211, Throne Road, Rowley Regis, West Midlands B65 9LA3
£130K11/200.32 mi211, Throne Road, Rowley Regis, West Midlands B65 9LA3
£135K03/210.32 mi209, Throne Road, Rowley Regis, West Midlands B65 9LA3
£160K11/200.32 mi24, Hanover Road, Rowley Regis, West Midlands B65 9DZ3
£218K06/230.34 mi48, Wallace Road, Oldbury, West Midlands B69 1HH3
£150K12/220.35 mi7, Wallace Road, Oldbury, West Midlands B69 1HH3
£206K06/230.36 mi26, Ivy House Road, Oldbury, West Midlands B69 1HJ3
£180K07/230.36 mi141, Badsey Road, Oldbury, West Midlands B69 1BU3
£187K02/230.36 mi115, Ivy House Road, Oldbury, West Midlands B69 1HQ3
£194.3K12/200.36 mi3, St Brades Close, Tividale, Oldbury, West Midlands B69 1NX3
£315K05/220.39 mi131, Tower Road, Tividale, Oldbury, West Midlands B69 1NF3
£230K10/220.4 mi50, Throne Crescent, Rowley Regis, West Midlands B65 9JD3
£210.5K07/230.4 mi23, Gilbert Avenue, Tividale, Oldbury, West Midlands B69 1PJ3
£120K02/210.41 mi164, Tower Road, Tividale, Oldbury, West Midlands B69 1PE3
£175K10/210.42 mi64, Ivy House Road, Oldbury, West Midlands B69 1HG3
£230K03/230.43 mi219, Throne Road, Rowley Regis, West Midlands B65 9JU3
£165K02/230.44 mi195, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£123K07/210.44 mi193, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£175.5K12/200.44 mi186, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£150K11/200.44 mi197, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£150K06/210.44 mi2, Bryan Budd Close, Rowley Regis, West Midlands B65 9BB3
£200K03/230.44 mi86, Throne Road, Rowley Regis, West Midlands B65 9JX3
£178K12/220.44 mi8, Hawfield Close, Tividale, Oldbury, West Midlands B69 1LH3
£83.3K02/210.45 mi17, Bryan Budd Close, Rowley Regis, West Midlands B65 9BB3
£250K03/230.45 mi24, Bryan Budd Close, Rowley Regis, West Midlands B65 9BB3
£230K02/230.46 mi45, Throne Crescent, Rowley Regis, West Midlands B65 9JE3
£158K08/210.46 mi84, Throne Crescent, Rowley Regis, West Midlands B65 9JE3
£190K07/210.47 mi4, Lovett Avenue, Oldbury, West Midlands B69 1DG3
£230K03/210.47 mi28, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£208K03/210.47 mi20, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£285K03/230.47 mi38, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£185K10/210.49 mi33, City Road, Tividale, Oldbury, West Midlands B69 1QZ3

Local Rents

51 rents from £850/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,35004/250.25 mi-3
£99512/240.27 miPortway Road, ROWLEY REGIS3
£85012/240.35 miNewbury Lane, Oldbury, West Midlands, B693
£1,25012/230.4 mi-3
£1,20003/250.48 mi-3
£1,39504/250.56 mi-3
£1,30004/250.63 mi-3
£87501/250.65 mi-3
£97503/250.65 mi-3
£95002/240.67 mi-3
£99503/250.67 mi-3
£1,45004/250.68 mi-3
£1,00012/230.7 mi-3
£1,09002/250.77 mi-3
£1,07502/250.77 mi-3
£1,39504/250.77 mi-3
£1,25012/240.82 miLudgate Close, Tividale, Oldbury, West Midlands, B693
£1,17504/250.83 mi-3
£1,09503/250.84 mi-3
£1,09503/240.85 mi-3
£1,09503/240.85 mi-3
£1,09512/240.85 miUplands Avenue, Oldbury, B653
£1,00012/240.86 miEmbassy Road, Oldbury, B693
£1,40012/240.87 miOld School Drive, Rowley Regis3
£1,25012/240.89 mi-3
£1,20012/240.9 mi-3
£1,20012/240.9 mi-3
£99512/240.91 miPear Tree Drive, Rowley Regis, West Midlands, B653
£1,15012/240.91 miPear Tree Drive, ROWLEY REGIS3
£1,00012/240.92 miRowley Village, Rowley Regis3
£1,15012/240.95 miMountford Close, Rowley Regis3
£1,37512/240.99 mi-3
£99512/241 miElm Terrace, Oldbury3
£1,15012/241.05 miPendennis Drive, Oldbury3
£1,10012/241.06 miRegis Park, Cradley Heath, B643
£1,14012/241.08 miRegis Park, Cradley Heath, B643
£1,30004/251.09 mi-3
£1,20004/251.09 mi-3
£1,15512/241.11 miRegis Park, Cradley Heath, B643
£1,30012/241.11 miWolverhampton Road, OLDBURY3
£1,29512/241.11 miWolverhampton Road, Oldbury, B693
£1,15011/231.13 mi-3
£1,17512/241.14 mi-3
£1,19512/241.16 miPackwood Road, Tividale, Oldbury , B69 1UL3
£1,00004/241.2 mi-3
£1,20004/251.2 mi-3
£1,00012/241.2 miTividale, Oldbury, B693
£1,25012/241.2 mi-3
£1,30003/241.2 mi-3
£99512/241.21 miRegis Heath Road, Rowley Regis, West Midlands, B65 0pd3
£99512/241.22 miArden Grove, Oldbury, West Midlands, B693

Local Area Statistics

Population in B65

23,581

Town centre distance

0.81 miles away

Nearest school

0.40 miles away

Nearest train station

1.35 miles away

 

 

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £177,000

August 29, 2024

Floor Plans

Description

  • NO UPWARD CHAIN +
  • QUIET CUL DE SAC LOCATION +
  • OFF ROAD PARKING TO THE REAR +
  • IN NEED OF MODERNISATION +
  • CLOSE TO ROWLEY REGIS TRAIN STATION +
  • IDEAL FOR FIRST TIME BUYERS +

SUMMARY
*PERFECT STARTER HOME FOR FIRST TIME BUYERS* Internal viewing is highly recommend on this spacious family home benefiting from NO UPWARD CHAIN & OFF ROAD PARKING to the rear. internally comprises of lounge, kitchen, three good sized bedrooms & bathroom.

DESCRIPTION
*PERFECT STARTER HOME FOR FIRST TIME BUYERS* Internal viewing is highly recommend on this spacious family home benefiting from NO UPWARD CHAIN & OFF ROAD PARKING to the rear. internally comprises of lounge, kitchen, three good sized bedrooms & bathroom.

Lounge 23' 10" x 10' 5" max ( 7.26m x 3.17m max )
Having front & rear double glazed window with wall mounted radiator.

Kitchen  10' 6" x 7' 10" ( 3.20m x 2.39m )
Having wall and base units, rear double glazed door, electric cooker point and sink/drainer integrated into work surface.

Hallway  
Having doors to various room and wall mounted radiator.

Bedroom One  14' x 12' max ( 4.27m x 3.66m max )
Having rear double glazed window and wall mounted radiator.

Bedroom Two  16' 11" x 16' 4" plus recess ( 5.16m x 4.98m plus recess )
Having front double glazed window and wall mounted radiator.

Bedroom Three  7' 10" x 7' 7" ( 2.39m x 2.31m )
Having front double glazed window and wall mounted radiator.

Shower Room  
Having shower cubicle with shower, rear double glazed window, wash hand basin, low level WC and wall mounted radiator.

Rear Garden  
Patio area with brick built shed and gated access.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Oldbury

0121 387 6308

Next Steps?

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