3 Bed Semi-Detached House, Refurb/BRRR, Bilston, WV14 9TF, £180,000

312 Chad Road, Bilston, WV14 9TF - 1 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£120K - £300K
Sold Prices/m²£1.5K/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£208,320

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Refurb Costs

£36,800

Bridging Loan Interest

£4,725

Total Cash In

£98,475

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£208,320

Mortgage (After Refinance)

£156,240

Mortgage LTV

75%

Cash Released

£21,240

Cash Left In

£77,235

Equity

£52,080

Rent Range

£795 - £1,650

Rent Estimate

£1,257

Running Costs/mo

£922

Cashflow/mo

£335

Cashflow/yr

£4,015

ROI

4%

Gross Yield

8%

Local Sold Prices

51 sold prices from £120K to £300K, average is £195K. £1.5K/m² to £3.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£220K10/230.01 mi33, Chad Road, Coseley, Bilston, West Midlands WV14 9TF3
£300K11/220.03 mi15, Bancroft Close, Coseley, Bilston, West Midlands WV14 9UB3
£175K07/230.03 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£175K07/230.03 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£190K02/240.03 mi36, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£125K01/210.07 mi1, Clayton Road, Bilston, West Midlands WV14 9TG3
£255K11/200.08 mi19, Wellesbourne Drive, Coseley, Bilston, West Midlands WV14 9TH3
£249K03/210.08 mi23, Wellesbourne Drive, Coseley, Bilston, West Midlands WV14 9TH3
£142K05/210.08 mi24, Grange Road, Bilston, West Midlands WV14 9TD3
£155K11/210.09 mi13, Beechfield Grove, Bilston, West Midlands WV14 9TJ3
£150K10/210.1 mi28, Rosalind Avenue, Dudley, West Midlands DY1 4JW3
£180K03/210.16 mi24, Park Road, Woodsetton, Dudley, West Midlands DY1 4JJ3
£293K03/210.16 mi30, Hospital Lane, Coseley, Bilston, West Midlands WV14 9LF3
£120K11/200.16 mi29, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£165K06/210.16 mi13, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£195K03/230.16 mi39, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£197.5K05/210.17 mi11, Cedar Avenue, Bilston, West Midlands WV14 9TN3
£172.5K05/210.18 mi9, Masefield Avenue, Woodsetton, Dudley, West Midlands DY1 4PB3
£220K05/230.21 mi24, Elmdale Road, Bilston, West Midlands WV14 9AU3
£223.2K07/230.21 mi86, Elmdale Road, Bilston, West Midlands WV14 9AU3
£270K11/210.22 mi3, Claycroft Terrace, Bramford, Dudley, West Midlands DY1 4LA3
£200K02/230.23 mi20, Littleworth Avenue, Dudley, West Midlands DY1 4JX3
£275K04/230.23 mi16, Bennett Avenue, Dudley, West Midlands DY1 4NX3
£162.5K09/210.24 mi4a, Providence Row, Bilston, West Midlands WV14 9LE3
£263K09/230.24 mi21, Providence Row, Bilston, West Midlands WV14 9LE3
£295K12/220.24 mi29, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NW3
£185K03/210.26 mi11, Greenoak Crescent, Bilston, West Midlands WV14 9TS3
£185.5K10/210.26 mi14, Greenoak Crescent, Bilston, West Midlands WV14 9TS3
£214.9K02/230.26 mi191, Sedgley Road, Woodsetton, Dudley, West Midlands DY1 4LQ3
£270K11/230.27 mi10, Maple Close, Bilston, West Midlands WV14 9TP3
£241K02/210.27 mi49, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NP3
£136K03/210.27 mi15a, Parkes Hall Road, Woodsetton, Dudley, West Midlands DY1 3SH3
£200K12/220.28 mi47, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NP3
£129.9K11/200.28 mi57, Andersleigh Drive, Bilston, West Midlands WV14 9AY3
£183K08/210.28 mi7, Jesson Road, Dudley, West Midlands DY3 1AJ3
£240K02/230.3 mi17, Bourne Street, Woodsetton, Dudley, West Midlands DY3 1AF3
£185K12/200.3 mi42, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£218K06/210.3 mi56, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£235K10/210.3 mi20, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£202K11/220.3 mi120, Sedgley Road, Woodsetton, Dudley, West Midlands DY1 4LJ3
£225K11/200.31 mi4, Bermuda Close, Dudley, West Midlands DY1 4LZ3
£169.9K12/200.31 mi145, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£205K11/230.31 mi106, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£200K10/220.32 mi1, Woodsetton Close, Dudley, West Midlands DY1 4LG3
£177K02/210.33 mi44, Beddow Avenue, Coseley, Bilston, West Midlands WV14 9EG3
£155K08/210.33 mi20, Beddow Avenue, Coseley, Bilston, West Midlands WV14 9EG3
£150K03/210.33 mi23, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£186K04/210.33 mi5, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£122K01/210.34 mi125, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£133.5K02/210.34 mi91, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£212K07/230.34 mi39, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3

Local Rents

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

RentDateDistanceAddressBeds 
£1,20011/240.21 miElmdale Road, BILSTON3
£1,30011/240.25 miHockley Road, BILSTON3
£1,30011/240.25 miHockley Road, BILSTON3
£79511/240.34 miMount Pleasant Street, Bilston, WV143
£1,65004/250.35 mi-3
£1,65004/250.35 mi-3
£1,65004/250.35 mi-3
£1,65004/250.35 mi-3
£99511/240.36 mi-3
£1,10001/250.47 mi-3
£92503/240.56 miSedgley Road, Tipton3

Local Area Statistics

Population in WV14

46,931

Town centre distance

1.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £180,000

October 17, 2024

Floor Plans

Description

  • NO CHAIN +
  • Three bedrooms +
  • Two reception rooms +
  • Off road parking & garage +
  • Convenient side access +
  • Full modernisation required +
  • Large rear garden +
  • Superb investment opportunity +

NO CHAIN This is a rare opportunity to acquire this spacious, traditional three bedroom semi with amazing potential for those looking for a project. Chad Road is conveniently located in this popular residential area located close to Woodsetton & having fantastic transport links with the Birmingham New Road within easy reach. It has the beautiful Wrens Nest Nature Reserve just on the doorstep too. The property presents a superb project for those looking to modernise & either make their own or add value. This spacious home offers off road parking, a garage with access from the garden with secure side access, with spacious living accommodation too. Internally it comprises of a storm porch, reception hallway, two very good sized reception rooms with a separate lounge & dining room, followed by a good sized kitchen with a back door leading into the very large rear garden. On the first floor there are two very large double bedrooms with a generous third too, followed by a generous house bathroom that has a bath, overhead shower, wash hand basin & WC. The property is freehold & has gas central heating. It is offered with no upward chain. All interested parties who wish to make an offer will be required to show proof of ID, proof of funds including proof of deposit, mortgage in principle or proof of cash. We are also happy to assist people that require a mortgage so please get in touch with us & we will help you in any way we can.

Agent Details

Tonks Property People, Powered by eXp, Halesowen

0121 221 2204

Next Steps?

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