3 Bed Semi-Detached House, Refurb/BRRR, Bilston, WV14 8PS, £110,000

Wilkinson Avenue, Bilston, WV14 8PS 8PA - 6 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 8%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£100.5K - £285K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£113,300
BMV3%

 

 

End Value (After Refurb)

£189,641

Uplift in Value

+72%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£36,800

Bridging Loan Interest

£2,888

Total Cash In

£75,638

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£189,641

Agent Fees (1%)

£1,896

Bridging Loan

£82,500

Bridging Loan Interest

£2,888

Flip Profit

£29,607

Local Sold Prices

50 sold prices from £100.5K to £285K, average is £176.5K. £1.4K/m² to £3.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£125.5K06/210.09 mi6, Baker Road, Bilston, West Midlands WV14 8PU3
£251.5K10/210.11 mi44, Cross Street, Bilston, West Midlands WV14 8TR3
£180K07/230.11 mi9, Walter Road, Bilston, West Midlands WV14 8PW3
£132K03/210.11 mi2, Walter Road, Bilston, West Midlands WV14 8PW3
£139K03/230.11 mi1, Walter Road, Bilston, West Midlands WV14 8PW3
£155K11/210.15 mi64, Rose Street, Bilston, West Midlands WV14 8TS3
£183K10/230.16 mi27, Hill Street, Bilston, West Midlands WV14 8RX3
£151.5K11/200.16 mi11, Hill Street, Bilston, West Midlands WV14 8RX3
£140K04/230.17 mi31, Lord Street, Bilston, West Midlands WV14 8SD3
£140K08/230.17 mi25, Lord Street, Bilston, West Midlands WV14 8SD3
£148K10/200.21 mi58, Slim Avenue, Bradley, Bilston, West Midlands WV14 8RY3
£136.5K01/230.24 mi26, Princess Anne Road, Bilston, West Midlands WV14 8EJ3
£190K09/230.25 mi104, Bradley Lane, Bilston, West Midlands WV14 8EN3
£217K05/230.25 mi25, Kemsey Drive, Bilston, West Midlands WV14 8NZ3
£155K04/210.27 mi54, Brierley Lane, Bilston, West Midlands WV14 8TU3
£160K06/210.27 mi20, Hilly Road, Bilston, West Midlands WV14 8TL3
£160K06/210.29 mi20, Hilly Road, Bilston, West Midlands WV14 8TL3
£192K08/210.31 mi33, Peter Avenue, Bilston, West Midlands WV14 8UJ3
£125K03/230.32 mi23, Daley Road, Bilston, West Midlands WV14 8AZ3
£115K11/200.32 mi29, Daley Road, Bilston, West Midlands WV14 8AZ3
£150K04/210.32 mi6, Daley Road, Bilston, West Midlands WV14 8AZ3
£163K03/210.33 mi40, Attlee Crescent, Bilston, West Midlands WV14 8UE3
£218.2K05/230.33 mi127, Highfields Road, Bilston, West Midlands WV14 0LD3
£195K03/210.33 mi29, Oliver Crescent, Bilston, West Midlands WV14 8UG3
£215K07/230.33 mi23, Oliver Crescent, Bilston, West Midlands WV14 8UG3
£178K12/220.34 mi17, Prince Charles Road, Bilston, West Midlands WV14 8EG3
£210K10/230.36 mi26, Willis Pearson Avenue, Bilston, West Midlands WV14 8DA3
£140K07/210.36 mi46, Willis Pearson Avenue, Bilston, West Midlands WV14 8DA3
£285K09/230.36 mi6, Parklands Road, Bilston, West Midlands WV14 8TF3
£182K11/210.36 mi37, Lane Street, Bilston, West Midlands WV14 8UT3
£165K12/210.37 mi28, Mervyn Road, Bilston, West Midlands WV14 8DF3
£220K12/220.38 mi17, Mervyn Road, Bilston, West Midlands WV14 8DF3
£166K07/210.38 mi56, Bradley Lane, Bilston, West Midlands WV14 8EW3
£186K11/230.38 mi11, Weddell Wynd, Bilston, West Midlands WV14 8UH3
£100.5K01/210.38 mi21, Raleigh Road, Bilston, West Midlands WV14 8ED3
£199K03/230.38 mi4, Raleigh Road, Bilston, West Midlands WV14 8ED3
£130K03/230.39 mi28, Pace Crescent, Bilston, West Midlands WV14 8BJ3
£175K07/230.39 mi5, Pace Crescent, Bilston, West Midlands WV14 8BJ3
£181.5K06/230.39 mi7, Ashfield Road, Bilston, West Midlands WV14 8BT3
£229.9K12/220.39 mi4, Greenway Road, Bilston, West Midlands WV14 0TW3
£170K05/210.39 mi21, Rounds Road, Bilston, West Midlands WV14 8TD3
£218K04/210.39 mi12, Rounds Road, Bilston, West Midlands WV14 8TD3
£149.9K11/200.39 mi36, Redwood Road, Coseley, Bilston, West Midlands WV14 8XA3
£215K07/210.4 mi1, Winnall Close, Bilston, West Midlands WV14 8QG3
£236K04/210.4 mi7, Winnall Close, Bilston, West Midlands WV14 8QG3
£225K12/230.41 mi83, Batmans Hill Road, Bilston, West Midlands WV14 8TZ3
£232K06/230.43 mi17, Greenfield Croft, Bilston, West Midlands WV14 8XD3
£151K01/230.44 mi39, Skidmore Road, Bilston, West Midlands WV14 8SE3
£195K01/230.46 mi69, Carder Crescent, Bilston, West Midlands WV14 0JT3
£230K09/220.47 mi21, Whitegates Road, Coseley, Bilston, West Midlands WV14 8XB3

Local Rents

10 rents from £1K/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35011/240.26 mi-3
£1,35011/240.26 miBradley Lane, Wolverhampton, WV143
£1,00004/250.34 mi-3
£1,25011/240.38 miBradley Lane, Wolverhampton3
£1,25011/240.38 miBradley Lane, BILSTON3
£1,29503/250.39 mi-3
£1,20001/240.39 mi-3
£1,27504/250.4 mi-3
£1,00003/250.53 mi-3
£3,00004/250.61 mi-3

Local Area Statistics

Population in WV14

46,931

Town centre distance

0.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £110,000

October 17, 2024

Floor Plans

Description

  • FOR SALE VIA THE MODERN METHOD OF AUCTION (T&C'S APPLY) SUBJECT TO RESERVE PRICE - BUYER FEES APPLY +
  • INVESTMENT OPPORTUNITY +
  • SEMI-DETACHED FAMILY HOME WITH NO UPWARD CHAIN +
  • THREE BEDROOMS +
  • LIVING ROOM AND DINING ROOM +
  • 17ft DINING KITCHEN +
  • FIRST FLOOR BATHROOM +
  • CENTRAL HEATING AND DOUBLE GLAZING +
  • PRIVATE REAR GARDEN +
  • INTERIOR VIEWING IS HIGHLY RECOMMENDED +

An investment opportunity offered for sale by way of The Modern Method of Auction. This three bedroom semi-detached family home requires some modernisation works but offers good potential and interior viewing is recommended.The property benefits from no upward chain, central heating, double glazing, two reception rooms, dining kitchen, downstairs WC, first floor bathroom and an enclosed rear garden. A range of amenities including shops, schools and public transport services are all close to hand.Council Tax Band A.Energy Rating C.Tenure FREEHOLD.Auctioneer Comments.This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral Arrangements.The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Skitts Estate Agents, Bilston

01902 953104

Next Steps?

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