9 Bed HMO, Wednesbury, WS10 8TE, £400,000





ValuationUndervalued
Sold Prices | £100K - £425K |
Sold Prices/m² | £806/m² - £3.9K/m² |
| |
Square Metres | ~279 m² |
Price/m² | £1.4K/m² |
Value Estimate | £516,600£516,600 |
BMV | 23% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £100,000£100,000 |
Stamp Duty & Legal Fees | £22,300£22,300 |
Total Cash In | £122,300£122,300 |
| |
Cash Out | |
Room Rate | £520£520 |
Gross Rent | £4,680£4,680 |
Running Costs/mo | £3,190£3,190 |
Cashflow/mo | £1,490£1,490 |
Cashflow/yr | £17,885£17,885 |
ROI | 15%15% |
Gross Yield | 14%14% |
Local Sold Prices
50 sold prices from £100K to £425K, average is £257.5K. £806/m² to £3.9K/m², average is £2.3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£265K | 05/23 | 0.23 mi | 38, Victory Avenue, Wednesbury, West Midlands WS10 7RR | £2,190 | 121 | 4 | Terraced House | |
£185K | 04/21 | 0.46 mi | 41, Stanbury Avenue, Wednesbury, West Midlands WS10 8QG | £1,888 | 98 | 4 | Semi-Detached House | |
£223K | 12/20 | 0.46 mi | 32, Foster Street, Wednesbury, West Midlands WS10 8EQ | £1,559 | 143 | 4 | Detached House | |
£244K | 09/23 | 0.49 mi | 2, Dangerfield Lane, Wednesbury, West Midlands WS10 7SE | £2,198 | 111 | 4 | Semi-Detached House | |
£255K | 03/21 | 0.51 mi | 24, Taryn Drive, Darlaston, Wednesbury, West Midlands WS10 8XY | £2,476 | 103 | 4 | Detached House | |
£260K | 01/24 | 0.59 mi | 42, Burns Road, Wednesbury, West Midlands WS10 8SR | £2,321 | 112 | 4 | Semi-Detached House | |
£245K | 10/23 | 0.71 mi | 24, Arden Place, Bilston, West Midlands WV14 8LS | £2,227 | 110 | 4 | Semi-Detached House | |
£225.6K | 01/21 | 0.88 mi | 20, Woden Road North, Wednesbury, West Midlands WS10 9NU | £2,190 | 103 | 4 | Semi-Detached House | |
£300K | 07/22 | 0.91 mi | 6, Grayling Close, Wednesbury, West Midlands WS10 8GE | £3,448 | 87 | 4 | Detached House | |
£340K | 06/21 | 0.93 mi | 9, Yale Road, Willenhall, West Midlands WV13 2JR | - | - | 4 | Detached House | |
£240K | 12/20 | 0.93 mi | 65, Yale Road, Willenhall, West Midlands WV13 2JR | £2,143 | 112 | 4 | Detached House | |
£230K | 03/23 | 0.99 mi | 71, Princethorpe Road, Willenhall, West Midlands WV13 2LD | £1,849 | 124 | 4 | Semi-Detached House | |
£295K | 05/22 | 1.02 mi | 7, Ratcliffe Drive, Willenhall, West Midlands WV13 2JU | £3,270 | 90 | 4 | Detached House | |
£282.5K | 02/24 | 1.02 mi | 1, Century Drive, Willenhall, West Midlands WV13 2JH | £3,924 | 72 | 4 | House | |
£210K | 09/21 | 1.07 mi | 285, Great Bridge Road, Bilston, West Midlands WV14 8PY | £2,234 | 94 | 4 | Semi-Detached House | |
£275K | 05/23 | 1.09 mi | 23, Kidd Croft, Tipton, West Midlands DY4 0AF | £2,523 | 109 | 4 | Terraced House | |
£117.5K | 02/21 | 1.13 mi | 17, Wallace Road, Bilston, West Midlands WV14 8BU | - | - | 4 | Terraced House | |
£184.9K | 05/21 | 1.13 mi | 28, Larch Gardens, Bilston, West Midlands WV14 0TU | - | - | 4 | Terraced House | |
£180K | 06/21 | 1.15 mi | 116, Bay Avenue, Bilston, West Midlands WV14 0TT | £1,782 | 101 | 4 | Terraced House | |
£300K | 10/21 | 1.16 mi | 75, Constantine Way, Bilston, West Midlands WV14 8GX | - | - | 4 | Detached House | |
£300K | 05/21 | 1.16 mi | 27, Constantine Way, Bilston, West Midlands WV14 8GX | £2,419 | 124 | 4 | Detached House | |
£330K | 01/23 | 1.16 mi | 22, Constantine Way, Bilston, West Midlands WV14 8GX | £2,519 | 131 | 4 | Detached House | |
£280K | 02/21 | 1.17 mi | 1, Harlyn Close, Bilston, West Midlands WV14 8GZ | £2,373 | 118 | 4 | Detached House | |
£265K | 04/24 | 1.18 mi | 17, Poplar Road, Wednesbury, West Midlands WS10 9PY | - | - | 4 | Semi-Detached House | |
£280K | 08/22 | 1.19 mi | 112, Constantine Way, Bilston, West Midlands WV14 8GU | £2,472 | 113 | 4 | Detached House | |
£248K | 08/23 | 1.19 mi | 43, Beckett Street, Bilston, West Midlands WV14 7NS | - | - | 4 | Semi-Detached House | |
£280K | 09/22 | 1.21 mi | 33, Queen Street, Bilston, West Midlands WV14 7ER | £2,456 | 114 | 4 | Detached House | |
£220K | 12/20 | 1.22 mi | 3, Margaret Vale, Tipton, West Midlands DY4 0DH | £2,056 | 107 | 4 | Semi-Detached House | |
£285K | 03/23 | 1.23 mi | 15a, Hollies Drive, Wednesbury, West Midlands WS10 9EQ | £1,638 | 174 | 4 | Semi-Detached House | |
£215K | 02/21 | 1.24 mi | 29, Pritchard Street, Wednesbury, West Midlands WS10 9EW | £1,680 | 128 | 4 | Terraced House | |
£297K | 07/23 | 1.25 mi | 6, Diane Close, Tipton, West Midlands DY4 0BW | £2,946 | 101 | 4 | Semi-Detached House | |
£295K | 04/21 | 1.26 mi | 16, Myrtle Terrace, Tipton, West Midlands DY4 0BX | £2,360 | 125 | 4 | Semi-Detached House | |
£201K | 06/23 | 1.26 mi | 67, Leabrook Road North, Wednesbury, West Midlands WS10 7LY | £2,114 | 95 | 4 | Terraced House | |
£230K | 08/23 | 1.27 mi | 45, Bagnalls Wharf, Wednesbury, West Midlands WS10 7EL | £2,080 | 111 | 4 | Terraced House | |
£150K | 05/21 | 1.28 mi | 99, Mount Pleasant, Bilston, West Midlands WV14 7NR | - | - | 4 | Terraced House | |
£407.5K | 08/23 | 1.28 mi | 15, Riverbank Road, Willenhall, West Midlands WV13 2SA | - | - | 4 | Detached House | |
£180K | 04/21 | 1.28 mi | 74, Bentley Road North, Walsall, West Midlands WS2 0DF | - | - | 4 | Semi-Detached House | |
£425K | 12/22 | 1.28 mi | 11, Riverbank Road, Willenhall, West Midlands WV13 2SA | - | - | 4 | Detached House | |
£220K | 10/20 | 1.29 mi | 16, Yare Grove, Willenhall, West Midlands WV13 2SH | £2,785 | 79 | 4 | Semi-Detached House | |
£350K | 08/22 | 1.29 mi | 30, Lambourn Road, Willenhall, West Midlands WV13 2SD | - | - | 4 | Detached House | |
£215K | 03/23 | 1.29 mi | 20, Croxley Gardens, Willenhall, West Midlands WV13 3HD | £2,829 | 76 | 4 | Semi-Detached House | |
£150K | 10/23 | 1.33 mi | 90, Wrexham Avenue, Walsall, West Midlands WS2 0DQ | £1,559 | 96 | 4 | Semi-Detached House | |
£235K | 12/23 | 1.33 mi | 13, Castlecroft Road, Bilston, West Midlands WV14 6PQ | £2,798 | 84 | 4 | Semi-Detached House | |
£217.5K | 05/21 | 1.34 mi | 28, Northwick Terrace, Bilston, West Midlands WV14 0AF | £2,132 | 102 | 4 | Terraced House | |
£290K | 05/21 | 1.35 mi | 18, Wharfedale Street, Wednesbury, West Midlands WS10 9AG | £1,908 | 152 | 4 | Semi-Detached House | |
£325K | 11/22 | 1.35 mi | 25, Knowles Street, Wednesbury, West Midlands WS10 9HN | £3,218 | 101 | 4 | Detached House | |
£265K | 12/20 | 1.36 mi | 15, Oconnor Drive, Tipton, West Midlands DY4 0HY | £2,732 | 97 | 4 | Detached House | |
£295K | 10/21 | 1.37 mi | 3, Dove Close, Wednesbury, West Midlands WS10 9TJ | - | - | 4 | Detached House | |
£100K | 11/20 | 1.37 mi | 40, King Street, Bradley, Bilston, West Midlands WV14 8PQ | £806 | 124 | 4 | Detached House | |
£270K | 05/22 | 1.38 mi | 16, Addison Street, Wednesbury, West Midlands WS10 9AW | £2,269 | 119 | 4 | Detached House |
Local Area Statistics
Population in WS10 | 46,70446,704 |
Population in Wednesbury | 46,71046,710 |
Town centre distance | 0.87 miles away0.87 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 1.03 miles away1.03 miles away |
| |
Rental growth (12m) | +178%+178% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +42%+42% |
Property History
Price changed to £400,000
February 5, 2025
Listed for £420,000
December 3, 2024
Floor Plans

Description
- PREVIOUSLY USED AS A COMMERCIAL DWELLING +
- GATED REAR FORE COURT WITH OFF ROAD PARKING +
- IDEAL FOR INVESTMENT +
- NO UPWARD CHAIN AND VACANT +
- 9 BEDROOMS GREAT PROPERTY FOR AN HMO +
SUMMARY
9 BEDROOM HMO/MULTI ROOM LET OPPORTUNITY
Large detached property. Property has no chain & gated rear fore court for offer road parking for upto 10 Cars. Property is in need a slight refurbishment whilst offering great potential. close to local amenities
DESCRIPTION
""ATTENTION INVESTORS"" A unique opportunity to purchase this fantastic residential property ideal for investment purposes ideally supporting HMO multi room lettings with a potential very high yield and offered to the market with no upward chain. The property is conveniently located for access to local amenities including motorway links, bus routes and local shops and schools.The property benefits from lounge area, dining area, communal kitchen, 2 storage rooms, wc with shower room and bathroom. Outside there is a court yard area with double gates which can provide parking .
Internal viewing is essential to appreciate the accommdation on offer.
Entrance Hallway
Double glazed door to front, storage cupboards, under stairs storage, radiator, stairs to first floor landing and doors to:-
Bedroom One Irregular Shaped Room 16' 10" x 12' 2" ( 5.13m x 3.71m )
Double glazed windows to front and side, radiator, fitted storage unit with stainless steel sink and drainer and work surfaces.
Bedroom Two Irregular Shaped Room 11' x 10' 9" ( 3.35m x 3.28m )
Double glazed window to front, radiator, fitted storage unit and wash hand basin.
Kitchen/ Dining Room Irregular Shaped Room 18' x 11' ( 5.49m x 3.35m )
Fitted with a range of wall and base units with work surfaces over, sink and drainer, splash back tiling, gas and electric cooker points, plumbing for domestic appliances.
Double glazed windows to side, double glazed patio door leading to fore court, radiator and work surfaces.
Dining Area Irregular Shaped Room 10' 10" x 6' 4" ( 3.30m x 1.93m )
Double glazed windows to side, double glazed patio door leading to fore court, radiator and work surfaces.
Lounge Area Irregular Shaped Room 21' 9" max x 13' 5" max ( 6.63m max x 4.09m max )
Double glazed windows to front, side and rear elevations, double glazed door to front, radiator and loft access point.
Bedroom Three Irregular Shaped Room 11' max x 11' max ( 3.35m max x 3.35m max )
Double glazed window to side, skylight window, radiator, fitted storage unit and wash hand basin.
Bedroom Four Irregular Shaped Room 12' max x 16' max ( 3.66m max x 4.88m max )
Double glazed window to front, radiator, fitted storage unit and wash hand basin.
Utility Room
Wash hand basin and boilers.
W.C
WC, wash hand basin, radiator and extractor fan.
First Floor Landing
Double glazed window to side, radiator, two storage cupboards and doors to:-
Bedroom Nine Irregular Shaped Room 14' 8" max x 12' max ( 4.47m max x 3.66m max )
Double glazed window to front, loft access point, radiator, fitted storage unit and wash hand basin.
Bedroom Eight Irregular Shaped Room 14' 7" max x 12' 7" max ( 4.45m max x 3.84m max )
Double glazed windows to front and side, loft access point, radiator, fitted storage unit and wash hand basin.
Bedroom Five Irregular Shaped Room 13' max x 11' max ( 3.96m max x 3.35m max )
Bedroom Six Irregular Shaped Room 10' 9" max x 10' 10" max ( 3.28m max x 3.30m max )
Double glazed window to rear, loft access point, radiator, fitted storage unit and wash hand basin.
Bedroom Seven Irregular Shaped Room 10' 10" max x 11' 2" max ( 3.30m max x 3.40m max )
Two double glazed windows to side, radiator, fitted storage unit and wash hand basin.
Office Irregular Shaped Room 8' 4" x 7' 3" ( 2.54m x 2.21m )
Double glazed window to rear and airing cupboard housing hot water tank.
Shower Room
WC, wash hand basin, extractor fan, radiator, shower cubicle and sky light window.
Bathroom
WC, wash hand basin, extractor fan, radiator, bath and skylight window.
Outside
Large gated parking area and a slab patio courtyard.
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.