2 Bed Semi-Detached House, Refurb/BRRR, Wednesbury, WS10 7QT, £175,000

Margaret Road, Wednesbury, WS10 7QT - 6 months ago

Sold STC
Refurb/BRRR
ROI: 14%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£50K - £310K
Sold Prices/m²£757/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£153,003

 

 

End Value (After Refurb)

£173,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Refurb Costs

£26,951

Bridging Loan Interest

£4,594

Total Cash In

£86,995

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£173,000

Mortgage (After Refinance)

£129,750

Mortgage LTV

75%

Cash Left In

£86,995

Equity

£43,250

Rent Range

£725 - £4,000

Rent Estimate

£1,933

Running Costs/mo

£947

Cashflow/mo

£986

Cashflow/yr

£11,829

ROI

14%

Gross Yield

13%

Local Sold Prices

50 sold prices from £50K to £310K, average is £157.5K. £757/m² to £4.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£86K03/210 mi67, Margaret Road, Wednesbury, West Midlands WS10 7QT2
£122.5K06/210.11 mi2, Smith Avenue, Wednesbury, West Midlands WS10 7SB2
£173K11/210.18 mi36, Lodge Road, Wednesbury, West Midlands WS10 7RZ2
£147.5K02/210.19 mi60, Victory Avenue, Wednesbury, West Midlands WS10 7RS2
£133K07/210.23 mi114, Moxley Road, Darlaston, Wednesbury, West Midlands WS10 7RG2
£150K03/230.3 mi17, St Johns Road, Wednesbury, West Midlands WS10 7RD2
£168K07/210.34 mi7, Sproat Avenue, Wednesbury, West Midlands WS10 8QB2
£108.5K03/230.4 mi9, School Street, Wednesbury, West Midlands WS10 9HU2
£173K10/230.43 mi29, Wiley Avenue, Wednesbury, West Midlands WS10 8QD2
£135.5K12/200.44 mi1, Berry Avenue, Wednesbury, West Midlands WS10 8QE2
£116K03/210.45 mi41, Bright Street, Wednesbury, West Midlands WS10 9HX2
£160K09/210.46 mi80, King Edward Street, Wednesbury, West Midlands WS10 8TN2
£165K05/230.49 mi30, Heathfield Lane, Wednesbury, West Midlands WS10 8QY2
£155K02/230.51 mi79, Dorsett Road, Darlaston, Wednesbury, West Midlands WS10 8TW2
£90.5K05/210.55 mi72, Wolverhampton Street, Wednesbury, West Midlands WS10 8UF2
£96.5K10/230.55 mi82, Wolverhampton Street, Wednesbury, West Midlands WS10 8UF2
£140K12/230.55 mi60, Wolverhampton Street, Wednesbury, West Midlands WS10 8UF2
£57.5K10/200.55 mi15, Joynson Street, Wednesbury, West Midlands WS10 9HZ2
£137.5K08/210.56 mi9, Castle View Close, Moxley, Wednesbury, West Midlands WS10 8SE2
£190K03/240.57 mi46, Birmingham Street, Wednesbury, West Midlands WS10 9JQ2
£101K03/230.57 mi44, Birmingham Street, Wednesbury, West Midlands WS10 9JQ2
£120K03/210.57 mi1, Glebe Place, Wednesbury, West Midlands WS10 8QW2
£173K12/220.57 mi34, Birmingham Street, Wednesbury, West Midlands WS10 9JQ2
£137.5K11/200.59 mi5, Charles Foster Street, Darlaston, Wednesbury, West Midlands WS10 8TS2
£310K08/220.61 mi14, George Rose Gardens, Wednesbury, West Midlands WS10 8RB2
£147K09/200.62 mi38, Teal Grove, Wednesbury, West Midlands WS10 8GD2
£104.2K02/210.67 mi31, Franchise Street, Wednesbury, West Midlands WS10 9RE2
£50K10/210.71 mi28, Pitchwood Close, Darlaston, Wednesbury, West Midlands WS10 8BF2
£164K07/230.72 mi38, Alexandra Road, Wednesbury, West Midlands WS10 9LJ2
£170K12/220.73 mi51, The Furlong, Wednesbury, West Midlands WS10 9TT2
£200K07/230.73 mi73, Hill Street, Wednesbury, West Midlands WS10 9LD2
£195K01/230.75 mi4, Ruth Close, Tipton, West Midlands DY4 0AQ2
£136K06/210.75 mi3, Hyett Way, Bilston, West Midlands WV14 8NR2
£160K06/230.75 mi5, Hyett Way, Bilston, West Midlands WV14 8NR2
£175K10/210.79 mi38, Weston Drive, Tipton, West Midlands DY4 0AE2
£162K04/240.8 mi8, Rough Hay Place, Wednesbury, West Midlands WS10 8NH2
£218K09/200.8 mi55, Farmer Way, Tipton, West Midlands DY4 0BE2
£115K12/200.83 mi27, Whitehouse Avenue, Wednesbury, West Midlands WS10 7HT2
£167K02/230.87 mi101, Rough Hay Road, Darlaston, Wednesbury, West Midlands WS10 8HN2
£182K02/210.87 mi102, Rough Hay Road, Darlaston, Wednesbury, West Midlands WS10 8HN2
£213K11/220.87 mi56, Catherton Close, Tipton, West Midlands DY4 0DQ2
£200K10/200.87 mi10, Maple Leaf Road, Wednesbury, West Midlands WS10 7NQ2
£147.5K06/210.88 mi54, Catherton Close, Tipton, West Midlands DY4 0DQ2
£145K01/210.88 mi18, Catherton Close, Tipton, West Midlands DY4 0DQ2
£171K04/230.9 mi27, Florian Grove, Wednesbury, West Midlands WS10 8DW2
£135K11/230.9 mi56, Richards Street, Wednesbury, West Midlands WS10 8AJ2
£190K11/200.9 mi27, Wigginsmill Road, Wednesbury, West Midlands WS10 7NH2
£190K03/240.9 mi17, Wigginsmill Road, Wednesbury, West Midlands WS10 7NH2
£174K12/230.9 mi3, Walnut Close, Bilston, West Midlands WV14 8QJ2
£242K09/220.91 mi92, Cobden Street, Wednesbury, West Midlands WS10 9RN2

Local Rents

50 rents from £725/mo to £4K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£75012/230.37 mi-2
£82503/250.37 mi-2
£77511/240.39 miBishop House, Flat 6 Pinfold Street, WEDNESBURY WS10 8TB2
£92511/240.4 miSteam Tram Drive, WEDNESBURY2
£80011/240.71 miHolyhead Road, Wednesbury, West Midlands2
£80011/240.73 miDale End, Wednesbury2
£85010/240.76 mi-2
£80011/230.76 mi-2
£87512/230.76 mi-2
£85012/240.76 mi-2
£85011/240.77 miHolyhead Road, Wednesbury, WS102
£1,00001/250.77 mi-2
£72511/240.77 miWillenhall Street, Wednesbury2
£87504/240.79 miWeston Drive, West Midlands, DY42
£85003/250.82 mi-2
£1,19502/250.92 mi-2
£95012/240.94 mi-2
£90011/240.94 miBagnalls Wharf, WEDNESBURY2
£90011/240.94 miBagnalls Wharf, WEDNESBURY2
£87511/241.05 miLoxdale Sidings, Bilston2
£2,50012/241.05 mi-2
£2,50012/241.05 mi-2
£2,00012/241.05 mi-2
£2,50012/241.05 mi-2
£2,50012/241.05 mi-2
£2,50011/241.05 mi-2
£2,50011/241.05 mi-2
£4,00012/241.05 mi-2
£3,20012/241.05 mi-2
£3,20012/241.05 mi-2
£2,50002/251.05 mi-2
£2,50001/251.05 mi-2
£2,50002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50003/251.05 mi-2
£2,70002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50003/251.05 mi-2
£2,00002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50001/251.05 mi-2
£2,50002/251.05 mi-2
£3,20003/251.05 mi-2
£4,00002/251.05 mi-2
£2,50002/251.05 mi-2
£2,50002/251.05 mi-2

Local Area Statistics

Population in WS10

46,704

Population in Wednesbury

46,710

Town centre distance

0.84 miles away

Nearest school

0.30 miles away

Nearest train station

0.81 miles away

 

 

Rental growth (12m)

+178%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £175,000

September 19, 2024

Floor Plans

Description

  • Driveway +
  • Large plot +
  • Extended shower room +
  • Garage on side +
  • Full of potential +
  • Two bedroom +
  • Prime location +

Block viewings Available immediately Calling all first time buyers, families and investors looking for their next perfect family home! This spacious property is in need of some modernisation and is situated in Wednesbury- a very popular part of the WS10 postcode. The property briefly comprises of; good sized front driveway, garage at side, hallway, large lounge, downstairs bathroom, kitchen/diner, two well proportioned bedrooms, landing space and a low maintenance rear garden. This property is a fantastic house waiting to become someone's next perfect family home or investment. 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 -  hallway with double glazed door to the front. Lounge - 3.97m (plus storage) x 4.21m (into bay) - Spacious lounge with electric fire place. Double glazed bay window to front. Kitchen / Diner- 2.55m x 2.72m - fully fitted kitchen with wall and base units, electric hob, electric oven with extractor fan, sink/drainer, space for fridge and freezer. Double glazed window to rear overlooking garden area. Rear access to leading to downstairs bathroom and patio area.
Bedroom One - 4.89 (into max) x 3.22m - Large master bedroom. Built in wardrobes and double glazed window to front. Bedroom Two - 4.89m x 2.91m  - space for large wardrobe and furniture. Double glazed window to rear. Bathroom- downstairs -  bath, separate walk in shower, WC, wash hand basin, Bidet, part tiled, rad. Double glazed window to rear. Garden - patio area perfect for entertaining. Low maintenance.  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?

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