3 Bed Semi-Detached House, Refurb/BRRR, Wednesbury, WS10 7RX, £199,950

Dangerfield Lane, Wednesbury, WS10 7RX - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£105K - £260K
Sold Prices/m²£1.3K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£180,287

 

 

End Value (After Refurb)

£201,221

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£49,988

Stamp Duty & Legal Fees

£7,199

Refurb Costs

£36,800

Bridging Loan Interest

£5,249

Total Cash In

£100,985

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£201,221

Mortgage (After Refinance)

£150,916

Mortgage LTV

75%

Cash Released

£954

Cash Left In

£100,031

Equity

£50,305

Rent Range

£825 - £3,800

Rent Estimate

£1,258

Running Costs/mo

£900

Cashflow/mo

£358

Cashflow/yr

£4,291

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £105K to £260K, average is £177.5K. £1.3K/m² to £3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£150K02/210 mi142, Dangerfield Lane, Wednesbury, West Midlands WS10 7RX3
£112K10/200.08 mi79, Broadwaters Road, Wednesbury, West Midlands WS10 7QS3
£181K04/210.09 mi61, Lodge Road, Wednesbury, West Midlands WS10 7RZ3
£156K12/200.09 mi26, Lodge Road, Wednesbury, West Midlands WS10 7RZ3
£194K12/230.11 mi59, Dangerfield Lane, Wednesbury, West Midlands WS10 7SD3
£211K03/240.12 mi18, Victory Avenue, Wednesbury, West Midlands WS10 7RR3
£180K11/200.14 mi10, Broadwaters Avenue, Wednesbury, West Midlands WS10 7QR3
£105.5K08/210.17 mi24, Johnson Road, Darlaston, Wednesbury, West Midlands WS10 7NT3
£200K09/230.17 mi3, Johnson Road, Darlaston, Wednesbury, West Midlands WS10 7NT3
£220K06/230.2 mi4, Finery Road, Wednesbury, West Midlands WS10 7TF3
£180K12/200.2 mi4, Finery Road, Wednesbury, West Midlands WS10 7TF3
£220K11/230.22 mi8, Festival Avenue, Wednesbury, West Midlands WS10 7RP3
£162K08/230.23 mi33, Dangerfield Lane, Wednesbury, West Midlands WS10 7SE3
£158K02/210.24 mi132, Moxley Road, Darlaston, Wednesbury, West Midlands WS10 7RG3
£190K06/210.24 mi140, Moxley Road, Darlaston, Wednesbury, West Midlands WS10 7RG3
£235K02/230.29 mi23, Puddlers Grove, Wednesbury, Walsall, West Midlands WS10 7TE3
£170K11/200.29 mi2, Puddlers Grove, Wednesbury, Walsall, West Midlands WS10 7TE3
£200K08/210.29 mi1, Puddlers Grove, Wednesbury, Walsall, West Midlands WS10 7TE3
£155K05/210.32 mi3, Sproat Avenue, Wednesbury, West Midlands WS10 8QB3
£237.5K11/230.33 mi89, Woden Road West, Wednesbury, West Midlands WS10 7TB3
£200K12/230.33 mi199, Darlaston Road, Wednesbury, West Midlands WS10 7SR3
£168K07/210.33 mi191, Darlaston Road, Wednesbury, West Midlands WS10 7SR3
£160K12/200.33 mi75, Mill Street, Darlaston, Wednesbury, West Midlands WS10 8TH3
£195K10/230.33 mi25, Mill Street, Darlaston, Wednesbury, West Midlands WS10 8TH3
£260K08/220.33 mi37, Mill Street, Darlaston, Wednesbury, West Midlands WS10 8TH3
£240K12/230.37 mi22, King Edward Street, Darlaston, Wednesbury, West Midlands WS10 8TN3
£120K08/230.37 mi44, King Edward Street, Darlaston, Wednesbury, West Midlands WS10 8TN3
£195K08/230.38 mi18, Wiley Avenue, Wednesbury, West Midlands WS10 8QD3
£174K04/240.38 mi3, Wiley Avenue, Wednesbury, West Midlands WS10 8QD3
£117K03/210.41 mi32, Berry Avenue, Wednesbury, West Midlands WS10 8QE3
£220K05/230.42 mi67, Dorsett Road, Darlaston, Wednesbury, West Midlands WS10 8TW3
£190K04/210.43 mi1, York Crescent, Wednesbury, West Midlands WS10 9JJ3
£169.5K04/230.43 mi3, York Crescent, Wednesbury, West Midlands WS10 9JJ3
£130K03/210.46 mi3, Heathfield Lane West, Wednesbury, West Midlands WS10 8QR3
£105K07/230.46 mi33, Heathfield Lane West, Wednesbury, West Midlands WS10 8QR3
£160K03/230.47 mi61, Berry Avenue, Wednesbury, West Midlands WS10 8QF3
£150.5K06/210.47 mi69, Berry Avenue, Wednesbury, West Midlands WS10 8QF3
£172K06/210.48 mi1, Allen Drive, Wednesbury, West Midlands WS10 8RA3
£188.5K06/230.49 mi5, Kings Hill Close, Wednesbury, West Midlands WS10 9TD3
£150K10/200.5 mi8, Partridge Avenue, Wednesbury, West Midlands WS10 8QT3
£205K01/230.5 mi12, New Street, Darlaston, Wednesbury, West Midlands WS10 8DR3
£200K07/230.5 mi8, School Street, Darlaston, Wednesbury, West Midlands WS10 8DL3
£135K11/230.51 mi64, Curtin Drive, Moxley, Wednesbury, West Midlands WS10 8RL3
£105K09/210.52 mi49, Charles Foster Street, Darlaston, Wednesbury, West Midlands WS10 8TS3
£143K01/210.52 mi25, Charles Foster Street, Darlaston, Wednesbury, West Midlands WS10 8TS3
£180K12/230.52 mi34, Charles Foster Street, Darlaston, Wednesbury, West Midlands WS10 8TS3
£175K06/230.52 mi22, Charles Foster Street, Darlaston, Wednesbury, West Midlands WS10 8TS3
£170K08/210.52 mi5, Goldby Drive, Wednesbury, West Midlands WS10 9LN3
£186K04/210.52 mi57, Goldby Drive, Wednesbury, West Midlands WS10 9LN3
£250K11/210.52 mi94, Old Park Road, Wednesbury, West Midlands WS10 9JE3

Local Rents

40 rents from £825/mo to £3.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,19511/240.38 mi-3
£1,00011/240.44 mi-3
£1,50011/240.48 mi-3
£1,05011/240.55 mi-3
£1,00011/240.56 mi-3
£97002/250.62 mi-3
£97001/250.62 mi-3
£95001/250.66 mi-3
£1,05003/250.66 mi-3
£97511/240.68 miKendrick Road, Bilston3
£1,00002/250.71 mi-3
£1,10011/240.75 miRough Hay Road, WEDNESBURY3
£3,00002/250.76 mi-3
£95011/240.78 mi-3
£1,33003/240.82 miCoseley New Village, Tipton3
£1,28003/240.83 miCoseley New Village, Tipton3
£1,28003/240.84 miCoseley New Village, Tipton3
£1,28003/240.84 miCoseley New Village, Tipton3
£1,20003/250.86 mi-3
£95012/240.87 mi-3
£1,15011/240.96 mi-3
£1,25011/240.98 miBradley Lane, Wolverhampton3
£1,25011/240.98 miBradley Lane, BILSTON3
£1,20001/251.02 mi-3
£1,30011/241.02 miBagnalls Wharf, Bentley, WEDNESBURY3
£1,10002/251.03 mi-3
£1,00012/231.04 mi-3
£1,00003/251.04 mi-3
£95003/251.1 mi-3
£1,35011/241.12 miBradley Lane, Wolverhampton, WV143
£1,35011/241.12 mi-3
£90001/251.12 mi-3
£90001/251.12 mi-3
£1,15011/241.12 miLunt Road, Bilston, WV143
£1,29503/251.14 mi-3
£1,35503/241.16 miCoseley New Village, Tipton3
£1,20011/241.17 miCarnegie Drive, WEDNESBURY3
£82503/241.2 miThe Coppice, Tipton, West Midlands, DY43
£1,20011/241.21 miKnowles Street, Wednesbury3
£3,80002/251.24 mi-3

Local Area Statistics

Population in WS10

46,704

Population in Wednesbury

46,710

Town centre distance

0.80 miles away

Nearest school

0.20 miles away

Nearest train station

0.89 miles away

 

 

Rental growth (12m)

+178%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Listed for £199,950

November 26, 2024

Floor Plans

Description

  • SEMI-DETACHED HOUSE IN WEDNESBURY FOR SALE +
  • SCOPE FOR FURTHER EXPANSION (SUBJECT TO PLANNING) AND MODERNISATION +
  • REAR ACCESS GARAGE +
  • FRONT AND REAR GARDENS +
  • 2 RECEPTION ROOMS +
  • 3 DOUBLE BEDROOMS +
  • RE-FITTED FIRST FLOOR SHOWER ROOM AND SEPARATE WC +
  • LEAN-TO WITH STORAGE ROOM AND GROUND FLOOR WC +
  • LOCATED CLOSE TO SCHOOLS, SHOPS AND TRANSPORT LINKS +
  • NO UPWARD CHAIN +

iLove homes® are offering for sale this spacious semi-detached house offering scope for further expansion (subject to planning) with NO UPWARD CHAIN. The property is located in Wednesbury and provides easy access for The Black Country Route, junction 9 and 10 of the M6 motorway links, moments from Darlaston, Wednesbury and Walsall Town Centre.

The accommodation briefly comprises of; Entrance Hall, two reception rooms, fitted kitchen, lean-to, Ground Floor WC and storage room. On the first floor; three double bedrooms, a re-fitted shower room, and separate WC. The property further benefits from having a garage (accessed to the rear), gas central heating and well maintained front and rear gardens. The property would be an ideal purchase for first time buyers or investors. For viewings, contact iLove homes in the first instance.

Entrance Hall
With glazed door and central heating radiator.

Cloakroom
With W.C, wash hand basin and tiled flooring.

Lounge 15' x 10' 7" ( 4.57m x 3.23m )
With front double glazed bay window, fire and surround, central heating radiator, and internal door leading to the dining room.

Dining Room 11' 6" x 11' ( 3.51m x 3.35m )
With patio doors to garden, fire and surround, central heating radiator and door to kitchen.

Kitchen 10' 10" Maximum x 10' 10" Maximum ( 3.30m Maximum x 3.30m Maximum )
With rear double glazed window, fitted kitchen, wall and base units, sink/drainer, tiling, work surfaces, understairs storage, space for free standing cooker, space for washing machine and doors to lean-to and entrance hall.

Lean To
Downstairs WC
With W.C, and window to rear elevation.

Store Room

Landing
With side double glazed window, airing cupboard, loft access and central heating radiator.

W.C 
With rear double glazed window, WC, wash hand basin and part tiled.

Shower Room 
With rear double glazed window, shower cubicle, wash hand basin with vanity, extractor fan and central heating radiator.

Bedroom One 15' 5" x 10' 8" ( 4.07m x 3.25m )
With front double glazed window and central heating radiator.

Bedroom Two 11' x 9' 2" ( 3.35m x 2.79m )
With rear double glazed window, built in wardrobes and central heating radiator.

Bedroom Three 9' 2" x 10' 7" ( 2.79m x 3.23m )
With front double glazed window and central heating radiator.

Front Garden 
With walled and gated entrance being flanked by front garden mainly laid to lawn with access to entrance hall and lean-to

Rear Garden 
Patio area with step up to lawned area, rear access gate and garage.

Viewings
Please contact iLove homes. Viewings are strictly by appointment only

Tenure
We are advised by the seller that the property is FREEHOLD. We have not sought to verify the legal title of the property, we would urge buyers to obtain verification from their solicitor

Measurements
All measurements are approximate and are supplied for guidance only, as such they must not be considered to be entirely accurate

Money Laundering Regulations
Prospective purchasers will be asked to produce photographic identification and proof of residency once a deal has been agreed in principle.

Agent Details

iLove homes®, Walsall

01922 662042

Next Steps?

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

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