3 Bed Semi-Detached House, Refurb/BRRR, Bilston, WV14 9SZ, £175,000

Mason Street, Bilston, WV14 9SZ - 5 months ago

Auction
Refurb/BRRR
ROI: 5%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£106K - £300K
Sold Prices/m²£1.3K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£176,750

 

 

End Value (After Refurb)

£188,997

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£36,800

Bridging Loan Interest

£4,594

Total Cash In

£97,844

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£188,997

Mortgage (After Refinance)

£141,747

Mortgage LTV

75%

Cash Released

£10,497

Cash Left In

£87,346

Equity

£47,249

Rent Range

£795 - £1,650

Rent Estimate

£1,299

Running Costs/mo

£870

Cashflow/mo

£429

Cashflow/yr

£5,143

ROI

5%

Gross Yield

9%

Local Sold Prices

51 sold prices from £106K to £300K, average is £186K. £1.3K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£293K03/210.07 mi30, Hospital Lane, Coseley, Bilston, West Midlands WV14 9LF3
£214K10/200.13 mi52, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£185K12/200.13 mi42, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£218K06/210.13 mi56, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£235K10/210.13 mi20, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£162.5K09/210.14 mi4a, Providence Row, Bilston, West Midlands WV14 9LE3
£263K09/230.14 mi21, Providence Row, Bilston, West Midlands WV14 9LE3
£142K05/210.15 mi24, Grange Road, Bilston, West Midlands WV14 9TD3
£150K03/210.16 mi23, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£186K04/210.16 mi5, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£212K07/230.17 mi39, Mount Pleasant Street, Coseley, Bilston, West Midlands WV14 9JR3
£175K07/230.17 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£175K07/230.17 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£190K02/240.17 mi36, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£220K10/230.2 mi33, Chad Road, Coseley, Bilston, West Midlands WV14 9TF3
£125K01/210.2 mi1, Clayton Road, Bilston, West Midlands WV14 9TG3
£300K11/220.2 mi15, Bancroft Close, Coseley, Bilston, West Midlands WV14 9UB3
£255K11/200.2 mi19, Wellesbourne Drive, Coseley, Bilston, West Midlands WV14 9TH3
£249K03/210.2 mi23, Wellesbourne Drive, Coseley, Bilston, West Midlands WV14 9TH3
£172.5K05/210.21 mi9, Masefield Avenue, Woodsetton, Dudley, West Midlands DY1 4PB3
£122K01/210.21 mi125, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£133.5K02/210.21 mi91, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£106K04/210.22 mi29, Old End Lane, Bilston, West Midlands WV14 9EL3
£220K05/230.24 mi24, Elmdale Road, Bilston, West Midlands WV14 9AU3
£223.2K07/230.24 mi86, Elmdale Road, Bilston, West Midlands WV14 9AU3
£211.5K05/230.24 mi17, Bank Street, Coseley, Bilston, West Midlands WV14 9JN3
£155K11/210.25 mi13, Beechfield Grove, Bilston, West Midlands WV14 9TJ3
£177K02/210.25 mi44, Beddow Avenue, Coseley, Bilston, West Midlands WV14 9EG3
£155K08/210.25 mi20, Beddow Avenue, Coseley, Bilston, West Midlands WV14 9EG3
£169.9K12/200.26 mi145, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£205K11/230.26 mi106, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£295K12/220.26 mi29, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NW3
£120K11/200.26 mi29, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£165K06/210.26 mi13, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£195K03/230.26 mi39, Patricia Crescent, Dudley, West Midlands DY1 4NY3
£145K06/210.26 mi81, Ivyhouse Lane, Bilston, West Midlands WV14 9JU3
£222K02/210.27 mi6, Flowerdale Close, Coseley, Bilston, West Midlands WV14 9QT3
£150K10/210.28 mi28, Rosalind Avenue, Dudley, West Midlands DY1 4JW3
£129.9K11/200.29 mi57, Andersleigh Drive, Bilston, West Midlands WV14 9AY3
£128K03/210.29 mi20, Sangwin Road, Coseley, Bilston, West Midlands WV14 9EQ3
£156K03/210.29 mi11, Sangwin Road, Coseley, Bilston, West Midlands WV14 9EQ3
£177K09/210.29 mi30, Sangwin Road, Coseley, Bilston, West Midlands WV14 9EQ3
£184.9K11/200.3 mi57, Berrington Drive, Coseley, Bilston, West Midlands WV14 9QH3
£190K09/210.3 mi67, Berrington Drive, Coseley, Bilston, West Midlands WV14 9QH3
£197.5K05/210.31 mi11, Cedar Avenue, Bilston, West Midlands WV14 9TN3
£241K02/210.32 mi49, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NP3
£200K12/220.32 mi47, Vicarage Road West, Woodsetton, Dudley, West Midlands DY1 4NP3
£275K04/230.33 mi16, Bennett Avenue, Dudley, West Midlands DY1 4NX3
£190K12/200.33 mi41, Ivyhouse Lane, Bilston, West Midlands WV14 9JH3
£170K04/210.33 mi5, Somerford Way, Bilston, West Midlands WV14 9QL3
£218K05/230.33 mi40, Avenue Road, Coseley, Bilston, West Midlands WV14 9DJ3

Local Rents

13 rents from £795/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,65004/250.16 mi-3
£1,65004/250.16 mi-3
£1,65004/250.16 mi-3
£1,65003/250.16 mi-3
£79511/240.17 miMount Pleasant Street, Bilston, WV143
£1,20011/240.24 miElmdale Road, BILSTON3
£1,10001/250.28 mi-3
£1,30011/240.39 miHockley Road, BILSTON3
£1,30011/240.39 miHockley Road, BILSTON3
£99511/240.4 mi-3
£1,20004/250.45 mi-3
£1,20011/240.47 miWallbrook Street, Coseley, WV143
£1,19511/240.51 miHavacre Lane, Coseley, Wolverhampton3

Local Area Statistics

Population in WV14

46,931

Town centre distance

1.36 miles away

Nearest school

0.30 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Price changed to £175,000

March 1, 2025

Listed for £200,000

November 29, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • A THREE BEDROOM SEMI DETACHED FAMILY HOME ON A POPULAR RESIDENTIAL ROAD IN BILSTON +
  • NO ONWARD CHAIN & AVAILABLE NOW +
  • MODERNISATION POTENTIAL - Put your personal touch on this charming home. +
  • Off Road parking for several vehicles & a set back garage for additional parking or storage space. +
  • Generous rear garden, perfect for outdoor activities and gatherings +

SUMMARY
A THREE BEDROOM SEMI DETACHED HOME WITH A GENEROUS REAR GARDEN & BOASTS NO ONWARD CHAIN. Accommodation comprises; entrance hallway, lounge, dining room, kitchen, ground floor WC, three bedrooms, wet room, off road parking, garage & rear garden.

DESCRIPTION
Connells Wolverhampton welcomes Mason Street to the market, a three-bedroom semi-detached family home nestled on a sought after residential road in Bilston. This property is offered with no onward chain and is available to buy through modern method of auction. This home is primed for modernisation, allowing you to put your personal touch on it.

Upon entering, you are greeted by an entrance hallway that leads to a cosy front reception room, currently utilised as a lounge. At the rear of the property, you'll find a second reception room that serves as a dining area, providing a space for family meals and gatherings. The ground floor also features a kitchen with an adjoining lobby area that grants access to a handy storage shed and a convenient ground floor WC.

Venture upstairs to discover three well proportioned bedrooms, providing ample space for family living. The convenient wet room upstairs adds to the practicality of this family home.

One of the standout features of this property is its beautifully presented and generously sized rear garden, offering a delightful outdoor retreat for children to play or for hosting summer barbecues. To the front, you'll benefit from off-road parking for several cars, complemented by a garage set back for additional parking or valuable storage space.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing 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 of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This 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 complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Location And Area 
Set to the south of Wolverhampton City Centre, close to the Castle Street shopping area of Coseley, which has a variety of shops, chemists, dentists, vets, close to highly regarded local schools, being approximately half a mile away from Coseley Rail Station and has direct access to Birmingham New Road for commuters.

Approach 
Set back from the roadside behind a driveway for several cars and a garage for additional parking.

Entrance Hallway 
Ceiling light point, double glazed window to the side, radiator, stairs rising to the first floor and doors leading to the lounge, dining room and kitchen.

Lounge 12' 4" into bay x 11' 9" max ( 3.76m into bay x 3.58m max )
Double glazed bay window to the front, gas fireplace, ceiling light point and radiator.

Dining Room 12' max x 10' 7" max ( 3.66m max x 3.23m max )
Four wall lights and a double glazed sliding door to the rear garden.

Kitchen 9' 2" x 5' 9" ( 2.79m x 1.75m )
Matching wall and base units within inset stainless steel sink and drainer with taps, cooker point, partly tiled walls, radiator, double glazed window to the side and ceiling light point.

Lobby 
Ceiling light point, storage shed, door to the ground floor WC and further door to the rear garden.

Ground Floor Wc 
Low flush WC, partly tiled walls and a double glazed window to the side.

First Floor Landing 
Double glazed window to the side, loft access, ceiling light point and doors to all bedrooms and wet room.

Bedroom One 12' 9" into bay x 11' 1" max ( 3.89m into bay x 3.38m max )
Double glazed bay window to the front, radiator and ceiling light point.

Bedroom Two 11' 2" x 10' 4" ( 3.40m x 3.15m )
Double glazed window to the rear, radiator, ceiling light point with fan and a built-in cupboard with a wall mounted boiler.

Bedroom Three 6' 9" x 6' 5" ( 2.06m x 1.96m )
Double glazed window to the front, ceiling light point and radiator.

Wet Room 
Shower over, low flush WC, wall mounted hand basin, radiator, wall mounted heater, extractor fan, partly tiled walls and a double glazed window to the rear.

Outside Rear 
Paved patio with lawn and mature trees. Garden also benefits from having a side gate to the driveway and garage and an outside tap point.

Garage 10' 7" x 8' 3" ( 3.23m x 2.51m )
Up and over garage door.

Agents Note 
It is our understanding that the Property is not registered at the Land Registry which is the case with a significant proportion of land across England and Wales. Your Conveyancer will take the necessary steps and advise you accordingly.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Wolverhampton

01902 943827

Next Steps?

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