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

Pinfold Street, Wednesbury, WS10 8TE - 78 views - 5 months ago

HMO
ROI: 13%
~279 m²
+12 photos

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
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£22,300

Total Cash In

£122,300

 

 

Cash Out

 

Room Rate

£520

Gross Rent

£4,680

Running Costs/mo

£3,190

Cashflow/mo

£1,490

Cashflow/yr

£17,885

ROI

15%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£265K05/230.23 mi38, Victory Avenue, Wednesbury, West Midlands WS10 7RR4
£185K04/210.46 mi41, Stanbury Avenue, Wednesbury, West Midlands WS10 8QG4
£223K12/200.46 mi32, Foster Street, Wednesbury, West Midlands WS10 8EQ4
£244K09/230.49 mi2, Dangerfield Lane, Wednesbury, West Midlands WS10 7SE4
£255K03/210.51 mi24, Taryn Drive, Darlaston, Wednesbury, West Midlands WS10 8XY4
£260K01/240.59 mi42, Burns Road, Wednesbury, West Midlands WS10 8SR4
£245K10/230.71 mi24, Arden Place, Bilston, West Midlands WV14 8LS4
£225.6K01/210.88 mi20, Woden Road North, Wednesbury, West Midlands WS10 9NU4
£300K07/220.91 mi6, Grayling Close, Wednesbury, West Midlands WS10 8GE4
£340K06/210.93 mi9, Yale Road, Willenhall, West Midlands WV13 2JR4
£240K12/200.93 mi65, Yale Road, Willenhall, West Midlands WV13 2JR4
£230K03/230.99 mi71, Princethorpe Road, Willenhall, West Midlands WV13 2LD4
£295K05/221.02 mi7, Ratcliffe Drive, Willenhall, West Midlands WV13 2JU4
£282.5K02/241.02 mi1, Century Drive, Willenhall, West Midlands WV13 2JH4
£210K09/211.07 mi285, Great Bridge Road, Bilston, West Midlands WV14 8PY4
£275K05/231.09 mi23, Kidd Croft, Tipton, West Midlands DY4 0AF4
£117.5K02/211.13 mi17, Wallace Road, Bilston, West Midlands WV14 8BU4
£184.9K05/211.13 mi28, Larch Gardens, Bilston, West Midlands WV14 0TU4
£180K06/211.15 mi116, Bay Avenue, Bilston, West Midlands WV14 0TT4
£300K10/211.16 mi75, Constantine Way, Bilston, West Midlands WV14 8GX4
£300K05/211.16 mi27, Constantine Way, Bilston, West Midlands WV14 8GX4
£330K01/231.16 mi22, Constantine Way, Bilston, West Midlands WV14 8GX4
£280K02/211.17 mi1, Harlyn Close, Bilston, West Midlands WV14 8GZ4
£265K04/241.18 mi17, Poplar Road, Wednesbury, West Midlands WS10 9PY4
£280K08/221.19 mi112, Constantine Way, Bilston, West Midlands WV14 8GU4
£248K08/231.19 mi43, Beckett Street, Bilston, West Midlands WV14 7NS4
£280K09/221.21 mi33, Queen Street, Bilston, West Midlands WV14 7ER4
£220K12/201.22 mi3, Margaret Vale, Tipton, West Midlands DY4 0DH4
£285K03/231.23 mi15a, Hollies Drive, Wednesbury, West Midlands WS10 9EQ4
£215K02/211.24 mi29, Pritchard Street, Wednesbury, West Midlands WS10 9EW4
£297K07/231.25 mi6, Diane Close, Tipton, West Midlands DY4 0BW4
£295K04/211.26 mi16, Myrtle Terrace, Tipton, West Midlands DY4 0BX4
£201K06/231.26 mi67, Leabrook Road North, Wednesbury, West Midlands WS10 7LY4
£230K08/231.27 mi45, Bagnalls Wharf, Wednesbury, West Midlands WS10 7EL4
£150K05/211.28 mi99, Mount Pleasant, Bilston, West Midlands WV14 7NR4
£407.5K08/231.28 mi15, Riverbank Road, Willenhall, West Midlands WV13 2SA4
£180K04/211.28 mi74, Bentley Road North, Walsall, West Midlands WS2 0DF4
£425K12/221.28 mi11, Riverbank Road, Willenhall, West Midlands WV13 2SA4
£220K10/201.29 mi16, Yare Grove, Willenhall, West Midlands WV13 2SH4
£350K08/221.29 mi30, Lambourn Road, Willenhall, West Midlands WV13 2SD4
£215K03/231.29 mi20, Croxley Gardens, Willenhall, West Midlands WV13 3HD4
£150K10/231.33 mi90, Wrexham Avenue, Walsall, West Midlands WS2 0DQ4
£235K12/231.33 mi13, Castlecroft Road, Bilston, West Midlands WV14 6PQ4
£217.5K05/211.34 mi28, Northwick Terrace, Bilston, West Midlands WV14 0AF4
£290K05/211.35 mi18, Wharfedale Street, Wednesbury, West Midlands WS10 9AG4
£325K11/221.35 mi25, Knowles Street, Wednesbury, West Midlands WS10 9HN4
£265K12/201.36 mi15, Oconnor Drive, Tipton, West Midlands DY4 0HY4
£295K10/211.37 mi3, Dove Close, Wednesbury, West Midlands WS10 9TJ4
£100K11/201.37 mi40, King Street, Bradley, Bilston, West Midlands WV14 8PQ4
£270K05/221.38 mi16, Addison Street, Wednesbury, West Midlands WS10 9AW4

Local Area Statistics

Population in WS10

46,704

Population in Wednesbury

46,710

Town centre distance

0.87 miles away

Nearest school

0.10 miles away

Nearest train station

1.03 miles away

 

 

Rental growth (12m)

+178%

Sales demand

Seller's market

Capital growth (5yrs)

+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.

Agent Details

Paul Dubberley & Co, Wednesbury

0121 387 6371

Next Steps?

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