3 Bed Terraced House, Refurb/BRRR, Oldbury, B69 4RB, £180,000

OLDBURY, Ashes Road, B69 4RB - 3 views - 5 months ago

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

ValuationFair Value

Sold Prices£100K - £290K
Sold Prices/m²£1.1K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£180,000

 

 

End Value (After Refurb)

£180,459

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£36,800

Bridging Loan Interest

£4,725

Total Cash In

£94,875

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£180,459

Mortgage (After Refinance)

£135,344

Mortgage LTV

75%

Cash Released

£344

Cash Left In

£94,531

Equity

£45,115

Rent Range

£650 - £1,450

Rent Estimate

£1,099

Running Costs/mo

£804

Cashflow/mo

£295

Cashflow/yr

£3,543

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £100K to £290K, average is £180K. £1.1K/m² to £3.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£200K01/210.09 mi93, Swan Crescent, Oldbury, West Midlands B69 4QQ3
£250K05/230.11 mi93, Swan Crescent, Oldbury, West Midlands B69 4QQ3
£153K08/210.13 mi46, York Road, Rowley Regis, West Midlands B65 0SG3
£175K12/200.18 mi69, York Road, Rowley Regis, West Midlands B65 0RT3
£175K03/230.19 mi20, Wells Road, Rowley Regis, West Midlands B65 0SJ3
£125K02/210.2 mi46, Titford Lane, Rowley Regis, West Midlands B65 0PT3
£230K02/230.22 mi92, Penncricket Lane, Rowley Regis, West Midlands B65 0RE3
£202K02/210.22 mi65, Pool Lane, Oldbury, West Midlands B69 4QX3
£153.5K12/200.22 mi35, Pool Lane, Oldbury, West Midlands B69 4QX3
£130K06/230.23 mi859, Wolverhampton Road, Oldbury, West Midlands B69 4RU3
£163.8K03/210.24 mi850, Wolverhampton Road, Oldbury, West Midlands B69 4RS3
£150K06/210.25 mi51, Penncricket Lane, Oldbury, West Midlands B68 8LX3
£189.4K08/210.25 mi29, Penncricket Lane, Oldbury, West Midlands B68 8LX3
£155K04/230.25 mi41, Penncricket Lane, Oldbury, West Midlands B68 8LX3
£210K12/220.26 mi7, Petersfield Drive, Rowley Regis, West Midlands B65 0SA3
£185K08/210.26 mi22, Petersfield Drive, Rowley Regis, West Midlands B65 0SA3
£147K10/210.28 mi28, Cakemore Road, Rowley Regis, West Midlands B65 0RB3
£120K10/200.28 mi38, Cakemore Road, Rowley Regis, West Midlands B65 0RB3
£160K01/210.28 mi6, Harrold Avenue, Rowley Regis, West Midlands B65 0RQ3
£160K12/220.29 mi240, Causeway Green Road, Oldbury, West Midlands B68 8LS3
£200K03/230.3 mi8, Field View Drive, Rowley Regis, West Midlands B65 0RH3
£170K01/210.31 mi28, Penstock Drive, Oldbury, West Midlands B69 4TE3
£267K06/210.31 mi19, Uncle Bens Close, Oldbury, West Midlands B69 4TU3
£162K01/210.31 mi219, Penncricket Lane, Rowley Regis, West Midlands B65 0PF3
£194.9K04/230.32 mi17, Bond Street, Rowley Regis, West Midlands B65 0QQ3
£220K09/210.32 mi4, Fairbourne Avenue, Rowley Regis, West Midlands B65 9JR3
£172K08/210.34 mi5, Pound Road, Oldbury, West Midlands B68 8LY3
£195K11/220.34 mi16, Staulton Green, Oldbury, West Midlands B69 1AU3
£150K01/230.35 mi82, Uplands Avenue, Rowley Regis, West Midlands B65 9PL3
£190K05/210.36 mi281, Throne Road, Rowley Regis, West Midlands B65 9JS3
£170K11/200.36 mi343, Birchfield Lane, Oldbury, West Midlands B69 1AG3
£200K06/230.36 mi333, Birchfield Lane, Oldbury, West Midlands B69 1AG3
£195K06/210.37 mi1, Clifton Close, Oldbury, West Midlands B69 4TT3
£230K02/230.37 mi25, Woodnorton Road, Rowley Regis, West Midlands B65 0QY3
£196K11/220.38 mi42, Westgate, Oldbury, West Midlands B69 1BA3
£172.5K06/210.39 mi40, Clay Lane, Oldbury, West Midlands B69 4SY3
£162.5K12/200.39 mi58, Clay Lane, Oldbury, West Midlands B69 4SY3
£150K05/210.39 mi36, Highbury Avenue, Rowley Regis, West Midlands B65 9PN3
£187K02/210.39 mi27, Highbury Avenue, Rowley Regis, West Midlands B65 9PN3
£260K09/220.39 mi156, Buckingham Road, Rowley Regis, West Midlands B65 9LE3
£235K11/220.39 mi51, Woodnorton Road, Rowley Regis, West Midlands B65 0QZ3
£290K03/230.41 mi12, Grosvenor Road, Oldbury, West Midlands B68 8LG3
£235K12/220.41 mi56, Woodnorton Road, Rowley Regis, West Midlands B65 0QZ3
£155K05/210.41 mi48, Causeway Green Road, Oldbury, West Midlands B68 8LF3
£100K06/210.41 mi27, Witley Crescent, Oldbury, West Midlands B69 1BE3
£164K06/210.41 mi19, Witley Crescent, Oldbury, West Midlands B69 1BE3
£192K11/220.42 mi72, Woodnorton Road, Rowley Regis, West Midlands B65 0QZ3
£225K11/200.42 mi38, Windsor Road, Oldbury, West Midlands B68 8NY3
£215.5K09/210.42 mi48, Windsor Road, Oldbury, West Midlands B68 8NY3
£170K03/210.42 mi218, Oldbury Road, Rowley Regis, West Midlands B65 0NN3

Local Rents

26 rents from £650/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.1 mi-3
£1,30004/250.19 mi-3
£1,30012/240.21 miWolverhampton Road, OLDBURY3
£1,29512/240.22 miWolverhampton Road, Oldbury, B693
£65002/240.28 mi-3
£1,39504/250.37 mi-3
£1,19002/240.39 mi-3
£1,19012/240.39 miCauseway Green Road, Oldbury, B683
£1,19012/240.39 miCauseway Green Road, Oldbury, B683
£1,15012/240.44 miPear Tree Drive, ROWLEY REGIS3
£99512/240.44 miPear Tree Drive, Rowley Regis, West Midlands, B653
£1,30012/240.46 mi-3
£1,30004/250.48 mi-3
£1,45004/250.48 mi-3
£1,35002/240.48 mi-3
£99512/240.54 miArden Grove, Oldbury, West Midlands, B693
£1,09503/240.55 mi-3
£1,09503/240.55 mi-3
£1,09512/240.55 miUplands Avenue, Oldbury, B653
£1,09503/250.56 mi-3
£97503/240.56 mi-3
£97512/240.56 miFarm Road, Oldbury, B683
£1,10012/240.59 miBarrs Street, Oldbury, B683
£99512/240.61 miRegis Heath Road, Rowley Regis, West Midlands, B65 0pd3
£1,10012/240.62 miGrafton Road, Oldbury, B683
£1,15012/240.62 miFarm Road, Oldbury3

Local Area Statistics

Population in B69

29,011

Population in Oldbury

59,935

Town centre distance

0.35 miles away

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £180,000

November 27, 2024

Floor Plans

Description

  • Convenient position +
  • No upward chain +
  • Gas central heating +
  • PVC double glazing +
  • Dining kitchen +
  • Decent size rear garden +
  • Parking at rear +
  • In need of some updating +

A THREE BEDROOM mid terrace house having gas central heating, PVC double glazing and NO UPWARD CHAIN. In need of some modernisation - Porch, Hall, Lounge, Dining Kitchen, Upstairs Shower Room, Decent rear garden. Garage[in need or repair] in compound to rear. All main services connected. Broadband/Mobile coverage://checker.ofcom.org.uk/en-gb/broadband-coverage. Council Tax band A. EPC D
Construction walls brick, tiled roof, asbestos garage roof
The general area has a risk of surface water flooding Entrance Porch Hall Lounge 14' 8'' x 11' 4'' (4.47m x 3.45m) Dining Kitchen 14' 5'' x 11' 0''max (4.39m x 3.35m) With PVC double glazed sliding doors to the garden. Store off First Floor Landing Cupboard off with central heating boiler Bedroom 1 12' 3''plus wardrobes x 8' 8'' (3.73m x 2.64m) With built in wardrobes Bedroom 2 10' 5'' x 8' 8'' (3.17m x 2.64m) Bedroom 3 9' 3''into dr recess x 5' 5'' (2.82m x 1.65m) Shower Room 7' 4'' x 5' 5'' (2.23m x 1.65m) Having large shower cubicle,handbasin with cupboards beneath, WC Rear Garden With patio, lawn, borders and shed.Rear gate to rear area and access to Garage [in need of repair]

Agent Details

Taylors Estate Agents, Halesowen

0121 387 6422

Next Steps?

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