2 Bed Semi-Detached House, Planning Permission, West Bromwich, B71 2HW, £185,000

19 Wyntor Lane, West Bromwich, West Midlands, B71 2HW - 8 views - 4 months ago

Sold STC
Planning
ROI: 10%
65 m²
+16 photos

ValuationOvervalued

Sold Prices£116K - £230K
Sold Prices/m²£1.5K/m² - £3.5K/m²

 

 

Square Metres

65 m²
Price/m²£2.8K/m²

Value Estimate

£160,789

 

 

End Value (After Refurb)

£185,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£25,720

Bridging Loan Interest

£4,856

Total Cash In

£85,327

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£185,000

Mortgage (After Refinance)

£138,750

Mortgage LTV

75%

Cash Left In

£85,327

Equity

£46,250

Rent Range

£825 - £1,300

Rent Estimate

£1,667

Running Costs/mo

£932

Cashflow/mo

£735

Cashflow/yr

£8,826

ROI

10%

Gross Yield

11%

Local Sold Prices

50 sold prices from £116K to £230K, average is £169.5K. £1.5K/m² to £3.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£202K10/220.13 mi112, Coles Lane, West Bromwich, West Midlands B71 2QW2
£188K03/230.13 mi100, Coles Lane, West Bromwich, West Midlands B71 2QW2
£169K03/210.13 mi76, Coles Lane, West Bromwich, West Midlands B71 2QW2
£180K09/230.17 mi53, Lynton Avenue, West Bromwich, West Midlands B71 2QZ2
£172.5K04/210.2 mi121, Winchester Road, West Bromwich, West Midlands B71 2NY2
£154K07/210.2 mi14, Edwin Phillips Drive, West Bromwich, West Midlands B71 2AZ2
£215K03/230.32 mi40, Bedford Road, West Bromwich, West Midlands B71 2RS2
£170K06/210.37 mi9, Trotters Lane, West Bromwich, West Midlands B71 2QF2
£195K11/230.37 mi235, Hydes Road, West Bromwich, West Midlands B71 2EE2
£176K08/230.38 mi211, Hydes Road, West Bromwich, West Midlands B71 2EF2
£180K09/210.4 mi18, Crockford Road, West Bromwich, West Midlands B71 2ES2
£130K10/200.43 mi124, Huntingdon Road, West Bromwich, West Midlands B71 2RW2
£195K04/220.43 mi2, Kimbley Rise, West Bromwich, West Midlands B71 2DE2
£170K05/230.43 mi64, Crockford Road, West Bromwich, West Midlands B71 2ET2
£170K07/230.43 mi66, Crockford Road, West Bromwich, West Midlands B71 2ET2
£191K01/230.44 mi50, Crockford Road, West Bromwich, West Midlands B71 2ET2
£187.5K12/220.44 mi34, Jubilee Street, West Bromwich, West Midlands B71 2DQ2
£140K09/210.45 mi49, Griffiths Road, West Bromwich, West Midlands B71 2EH2
£116K11/200.47 mi71, Hampshire Road, West Bromwich, West Midlands B71 2PR2
£160K02/210.47 mi71, Hampshire Road, West Bromwich, West Midlands B71 2PR2
£155K03/230.49 mi34, Westminster Road, West Bromwich, West Midlands B71 2JN2
£142.5K03/210.49 mi42, Griffiths Road, West Bromwich, West Midlands B71 2EJ2
£167K02/210.5 mi33, Sussex Avenue, West Bromwich, West Midlands B71 1AY2
£144K03/230.52 mi1, Pleasant Street, Hill Top, West Bromwich, West Midlands B70 0RF2
£155K11/200.54 mi3, Durham Drive, West Bromwich, West Midlands B71 1HS2
£230K01/230.55 mi13, Devon Crescent, Hateley Heath, West Bromwich, West Midlands B71 1BQ2
£147K10/200.56 mi5, Plympton Mews, West Bromwich, West Midlands B71 1DL2
£185K02/230.6 mi41, Tiverton Drive, West Bromwich, West Midlands B71 1DA2
£162K07/210.6 mi14, Tiverton Drive, West Bromwich, West Midlands B71 1DA2
£155K07/230.61 mi115, Booth Road, Wednesbury, West Midlands WS10 0EW2
£129.5K06/220.62 mi49, Vowles Road, West Bromwich, West Midlands B71 1AT2
£143K10/200.65 mi35, Tame Street, West Bromwich, West Midlands B70 0QP2
£180K10/230.65 mi156, Canterbury Road, West Bromwich, West Midlands B71 2LF2
£195K12/220.65 mi34, Glastonbury Road, West Bromwich, West Midlands B71 2LL2
£180K04/230.69 mi7, Caldwell Street, West Bromwich, West Midlands B71 2DN2
£121.5K01/210.69 mi26, Caldwell Street, West Bromwich, West Midlands B71 2DN2
£183K11/220.69 mi4, Caldwell Street, West Bromwich, West Midlands B71 2DN2
£195K06/230.7 mi58, Harvills Hawthorn, West Bromwich, West Midlands B70 0UQ2
£194K08/230.73 mi16, Abbey Close, West Bromwich, West Midlands B71 1NY2
£182K10/210.74 mi52, Hackwood Road, Wednesbury, West Midlands WS10 0DG2
£140K01/210.74 mi166, Canterbury Road, West Bromwich, West Midlands B71 2LG2
£150K08/210.76 mi109, Walton Road, Wednesbury, West Midlands WS10 0EU2
£155K11/230.76 mi99, Walton Road, Wednesbury, West Midlands WS10 0EU2
£165K07/230.76 mi42, Walton Road, Wednesbury, West Midlands WS10 0EU2
£171.5K10/210.76 mi13, Walnut Lane, Wednesbury, West Midlands WS10 0BH2
£150K12/200.76 mi21, Walnut Lane, Wednesbury, West Midlands WS10 0BH2
£170K12/200.76 mi26, Walnut Lane, Wednesbury, West Midlands WS10 0BH2
£128K02/210.76 mi99, Lincoln Road, West Bromwich, West Midlands B71 2JD2
£150K05/210.77 mi51, Stonehouse Crescent, Wednesbury, West Midlands WS10 0DQ2
£148K07/210.78 mi38a, Meyrick Road, West Bromwich, West Midlands B70 0JL2

Local Rents

19 rents from £825/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,05001/250.05 mi-2
£1,15003/250.37 mi-2
£1,30012/240.42 mi-2
£87511/240.53 miTame Crossing, WEDNESBURY2
£1,00001/250.56 mi-2
£1,10002/250.56 mi-2
£1,25012/240.56 mi-2
£1,00002/250.56 mi-2
£1,10001/250.56 mi-2
£1,00001/250.56 mi-2
£1,00001/250.56 mi-2
£1,25004/250.56 mi-2
£1,00002/250.56 mi-2
£1,00004/250.56 mi-2
£1,10002/250.56 mi-2
£1,10004/250.56 mi-2
£1,00001/250.58 mi-2
£82511/240.59 miOld College Drive, WEDNESBURY2
£95003/240.6 mi-2

Local Area Statistics

Population in B71

30,933

Population in West Bromwich

58,705

Town centre distance

0.84 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+46%

Property History

Listed for £185,000

November 25, 2024

Sold for £125,000

2019

Floor Plans

Description

  • Investment Potential +
  • Extensive Land +
  • Good-Sized Kitchen +
  • Family Bathroom +
  • Two Double Bedrooms: +
  • Corner Plot +

EPC band: D For Sale: 2-Bedroom Corner Plot with Expansion Potential in Wyntor Lane, B71 Yopa proudly presents this unique 2-bedroom corner plot, offering a wealth of potential in a desirable B71 location. Perfect for first-time buyers or savvy investors, this property provides the opportunity to create a dream home or maximize value with future extensions.

Key Features:

  • Spacious Corner Plot: Generous land to the front, side, and rear, ideal for back and side extensions (subject to planning permissions).
  • Two Double Bedrooms: Well-sized and perfect for comfortable family living.
  • Family Bathroom: Practical and conveniently located.
  • Good-Sized Kitchen: Ample space for cooking and dining.
  • Large Garden Area: Great for outdoor activities, entertaining, or further development.
  • Investment Potential: A rare opportunity to acquire a property with significant scope for customization and growth.

Location Highlights:

Situated in Wyntor Lane, B71, this property enjoys a prime location in a family-friendly neighborhood. The area offers:

  • Excellent Schools: Close to reputable primary and secondary schools.
  • Convenient Amenities: Nearby shops, supermarkets, and leisure facilities.
  • Great Transport Links: Easy access to major roads, including the M5 and M6, and well-connected public transport options.
  • Community Feel: A quiet, welcoming area ideal for families and professionals alike. This property offers unmatched potential to create a bespoke home or a lucrative investment. Schedule your viewing today to explore the possibilities this fantastic corner plot offers! 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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