3 Bed Semi-Detached House, Refurb/BRRR, Bilston, WV14 9EG, £150,000

Beddow Avenue, Bilston, WV14 9EG - 1 views - 8 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 5%
~94 m²
+10 photos

ValuationFair Value

Sold Prices£106K - £300K
Sold Prices/m²£1.5K/m² - £3.4K/m²

 

 

Square Metres

~94.40 m²
Price/m²£1.6K/m²

Value Estimate

£151,500

 

 

End Value (After Refurb)

£203,222

Uplift in Value

+35%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£37,354

Bridging Loan Interest

£3,938

Total Cash In

£89,741

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,222

Mortgage (After Refinance)

£152,417

Mortgage LTV

75%

Cash Released

£39,917

Cash Left In

£49,825

Equity

£50,806

Rent Range

£795 - £1,650

Rent Estimate

£1,263

Running Costs/mo

£908

Cashflow/mo

£355

Cashflow/yr

£4,264

ROI

5%

Gross Yield

10%

Local Sold Prices

51 sold prices from £106K to £300K, average is £185K. £1.5K/m² to £3.4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£177K02/210.01 mi44, Beddow Avenue, Coseley, Bilston, West Midlands WV14 9EG3
£155K08/210.01 mi20, Beddow Avenue, Coseley, Bilston, West Midlands WV14 9EG3
£128K03/210.05 mi20, Sangwin Road, Coseley, Bilston, West Midlands WV14 9EQ3
£156K03/210.05 mi11, Sangwin Road, Coseley, Bilston, West Midlands WV14 9EQ3
£177K09/210.05 mi30, Sangwin Road, Coseley, Bilston, West Midlands WV14 9EQ3
£106K04/210.1 mi29, Old End Lane, Bilston, West Midlands WV14 9EL3
£295K12/220.16 mi29, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NW3
£172.5K05/210.18 mi9, Masefield Avenue, Woodsetton, Dudley, West Midlands DY1 4PB3
£200K12/220.21 mi47, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NP3
£241K02/210.21 mi49, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NP3
£185K08/230.25 mi12, Bridge Street, Coseley, Bilston, West Midlands WV14 8HU3
£120K11/200.25 mi29, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£165K06/210.25 mi13, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£195K03/230.25 mi39, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£275K04/230.27 mi16, Bennett Avenue, Dudley, West Midlands DY1 4NX3
£255K11/200.28 mi19, Wellesbourne Drive, Coseley, Bilston, West Midlands WV14 9TH3
£249K03/210.28 mi23, Wellesbourne Drive, Coseley, Bilston, West Midlands WV14 9TH3
£175K09/220.3 mi24, Perkins Close, Dudley, West Midlands DY1 4NL3
£117K11/200.31 mi192, Central Drive, Bilston, West Midlands WV14 8JH3
£293K03/210.31 mi30, Hospital Lane, Coseley, Bilston, West Midlands WV14 9LF3
£300K11/220.32 mi15, Bancroft Close, Coseley, Bilston, West Midlands WV14 9UB3
£175K07/230.34 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£175K07/230.34 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£190K02/240.34 mi36, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£220K10/230.34 mi33, Chad Road, Coseley, Bilston, West Midlands WV14 9TF3
£200K02/230.34 mi20, Littleworth Avenue, Dudley, West Midlands DY1 4JX3
£211.5K05/230.35 mi17, Bank Street, Coseley, Bilston, West Midlands WV14 9JN3
£185K12/200.35 mi42, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£218K06/210.35 mi56, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£235K10/210.35 mi20, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£142K05/210.35 mi24, Grange Road, Bilston, West Midlands WV14 9TD3
£150K03/210.36 mi23, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£186K04/210.36 mi5, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£150K10/210.36 mi28, Rosalind Avenue, Dudley, West Midlands DY1 4JW3
£212K07/230.37 mi39, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£218K05/230.37 mi40, Avenue Road, Coseley, Bilston, West Midlands WV14 9DJ3
£202K11/220.39 mi120, Sedgley Road, Woodsetton, Dudley, West Midlands DY1 4LJ3
£125K01/210.39 mi1, Clayton Road, Bilston, West Midlands WV14 9TG3
£162.5K09/210.39 mi4a, Providence Row, Bilston, West Midlands WV14 9LE3
£263K09/230.39 mi21, Providence Row, Bilston, West Midlands WV14 9LE3
£249K02/230.42 mi21, Wren Street, Woodsetton, Dudley, West Midlands DY1 4LP3
£210K02/230.42 mi22, Wren Street, Woodsetton, Dudley, West Midlands DY1 4LP3
£155K11/210.43 mi13, Beechfield Grove, Bilston, West Midlands WV14 9TJ3
£185K04/210.43 mi54, Tunnel Street, Bilston, West Midlands WV14 9DE3
£178K12/200.43 mi57, Rounds Hill Road, Coseley, Bilston, West Midlands WV14 8JP3
£200K10/220.43 mi1, Woodsetton Close, Dudley, West Midlands DY1 4LG3
£270K11/210.43 mi3, Claycroft Terrace, Bramford, Dudley, West Midlands DY1 4LA3
£180K03/210.44 mi24, Park Road, Woodsetton, Dudley, West Midlands DY1 4JJ3
£122K01/210.45 mi125, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£133.5K02/210.45 mi91, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£120K04/210.45 mi11, George Road, Tipton, West Midlands DY4 8AR3

Local Rents

21 rents from £795/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,65004/250.33 mi-3
£1,65004/250.33 mi-3
£1,65004/250.33 mi-3
£1,65004/250.33 mi-3
£1,20011/240.36 miWallbrook Street, Coseley, WV143
£79511/240.37 miMount Pleasant Street, Bilston, WV143
£1,10001/250.38 mi-3
£92503/240.44 miSedgley Road, Tipton3
£1,20011/240.48 miElmdale Road, BILSTON3
£1,33003/240.48 miCoseley New Village, Tipton3
£1,28003/240.49 miCoseley New Village, Tipton3
£1,33003/240.49 miCoseley New Village, Tipton3
£1,31505/240.49 miCoseley New Village, Tipton3
£1,35005/240.49 miCoseley New Village, Tipton3
£1,00003/240.5 mi-3
£1,12511/240.54 miMinith Road, Coseley3
£1,20004/250.54 mi-3
£97511/240.57 miFountain Lane, Bilston, West Midlands, WV143
£1,19511/240.58 miHavacre Lane, Coseley, Wolverhampton3
£1,30011/240.59 miHockley Road, BILSTON3
£1,30011/240.59 miHockley Road, BILSTON3

Local Area Statistics

Population in WV14

46,931

Town centre distance

1.41 miles away

Nearest school

0.40 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £150,000

September 10, 2024

Floor Plans

Description

  • CHAIN FREE +
  • SEMI-DETACHED +
  • THREE GOOD SIZED BEDROOMS +
  • TWO RECEPTION ROOMS +
  • GROUND FLOOR W.C. +
  • UTILITY ROOM +
  • PRICED TO SELL +
  • OFF STREET PARKING +
  • CORNER PLOT WITH LOTS OF POTENTIAL +
  • CLOSE TO SCHOOLS AND SHOPS +

The Property
CHAIN FREE!!!

Located on a corner plot on a popular estate, is this deceptively spacious three bedroom, two reception room semi detached family home. The property is in need of minor modernisation, which has been reflected in the asking price. But in return, offers great potential.

The property briefly comprises of; Hallway with stairs to first floor and access to the kitchen and living room. The living room has a window to front aspect, fire place and door to: Dining room with window to rear aspect and garden. The kitchen has units to base and eye level, window to rear aspect and garden, door to a Utility room and cloakroom/w.c., Two doors to front rear gardens.

On the first floor there are three good sized bedrooms and a family bathroom.

The front and part side gardens are lawned and there is a driveway affording off street parking for multiple vehicles.

All local amenities including schools and shops are in close proximity.

Please note house is of non-standard construction (concrete lock) Cash buyers preferred.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Wolverhampton

020 3840 3372

Next Steps?

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