3 Bed Semi-Detached House, Refurb/BRRR, Oldbury, B68 9JS, £210,000

39 Warley Hall Road, Oldbury, B68 9JS - 6 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 4%
78 m²
+3 photos

ValuationOvervalued

Sold Prices£184K - £475K
Sold Prices/m²£2.1K/m² - £4K/m²

 

 

Square Metres

78 m²
Price/m²£2.7K/m²

Value Estimate

£192,950

 

 

End Value (After Refurb)

£212,500

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£30,865

Bridging Loan Interest

£5,513

Total Cash In

£98,127

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,500

Mortgage (After Refinance)

£159,375

Mortgage LTV

75%

Cash Released

£1,875

Cash Left In

£96,252

Equity

£53,125

Rent Range

£850 - £1,675

Rent Estimate

£1,224

Running Costs/mo

£929

Cashflow/mo

£295

Cashflow/yr

£3,542

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £184K to £475K, average is £231.8K. £2.1K/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£280K01/230.01 mi59, Warley Hall Road, Oldbury, West Midlands B68 9JR3
£190K04/210.02 mi2, Warley Hall Road, Oldbury, West Midlands B68 9JS3
£235K02/230.02 mi56, Warley Hall Road, Oldbury, West Midlands B68 9JS3
£248K12/210.08 mi89, Abbey Crescent, Oldbury, West Midlands B68 9HL3
£229K03/210.08 mi93, Abbey Crescent, Oldbury, West Midlands B68 9HL3
£295K06/230.08 mi34, Abbey Crescent, Oldbury, West Midlands B68 9HQ3
£225K04/210.09 mi74, Abbey Crescent, Oldbury, West Midlands B68 9HN3
£228K09/210.09 mi29, Grove Road, Oldbury, West Midlands B68 9JL3
£232K06/210.09 mi10, Grove Road, Oldbury, West Midlands B68 9JL3
£230K12/200.13 mi43, Wheatley Road, Oldbury, West Midlands B68 9HW3
£227K06/230.13 mi21, Wheatley Road, Oldbury, West Midlands B68 9HW3
£371K12/220.13 mi4, Lenwade Road, Oldbury, West Midlands B68 9JU3
£475K02/210.14 mi130, Harborne Road, Oldbury, West Midlands B68 9JG3
£245K09/210.15 mi152, Abbey Road, Smethwick, West Midlands B67 5NW3
£231.5K06/210.15 mi38, Wheatley Road, Oldbury, West Midlands B68 9HP3
£260K11/210.16 mi84, Clent Road, Oldbury, West Midlands B68 9ER3
£228K04/210.18 mi26, Clent Road, Oldbury, West Midlands B68 9ET3
£240K05/230.19 mi104, Wolverhampton Road, Oldbury, West Midlands B68 0LW3
£450K10/220.19 mi18, Hadzor Road, Oldbury, West Midlands B68 9LA3
£260K03/230.2 mi34, Hadzor Road, Oldbury, West Midlands B68 9LA3
£196K06/210.2 mi259, Abbey Road, Smethwick, West Midlands B67 5NQ3
£271.2K06/210.23 mi119, Wolverhampton Road, Oldbury, West Midlands B68 0NB3
£255K07/210.23 mi151, Wolverhampton Road, Oldbury, West Midlands B68 0NB3
£216.3K06/230.24 mi17, Telford Close, Smethwick, West Midlands B67 5PF3
£190K04/230.24 mi7, Telford Close, Smethwick, West Midlands B67 5PF3
£209K11/200.25 mi33, Marshall Road, Oldbury, West Midlands B68 9ED3
£200K05/210.25 mi26, Marshall Road, Oldbury, West Midlands B68 9ED3
£255K05/230.25 mi15, Albert Road, Oldbury, West Midlands B68 0NA3
£332K03/230.26 mi241, Abbey Road, Smethwick, West Midlands B67 5NN3
£243.5K08/220.27 mi34, Pheasant Road, Smethwick, West Midlands B67 5PD3
£222.5K08/230.27 mi17, Pheasant Road, Smethwick, West Midlands B67 5PD3
£225K03/230.27 mi25, Pheasant Road, Smethwick, West Midlands B67 5PD3
£200K06/210.27 mi54, Pheasant Road, Smethwick, West Midlands B67 5PD3
£184K11/200.27 mi8, Pheasant Road, Smethwick, West Midlands B67 5PD3
£320K01/230.27 mi21, Elsma Road, Oldbury, West Midlands B68 0LX3
£230K12/200.27 mi21, Broadway, Oldbury, West Midlands B68 9EA3
£340K04/230.28 mi70, Castle Road East, Oldbury, West Midlands B68 9BG3
£280K08/210.28 mi71, Castle Road West, Oldbury, West Midlands B68 0EN3
£287.5K08/210.28 mi57, Castle Road West, Oldbury, West Midlands B68 0EN3
£225K03/230.29 mi108, Bleakhouse Road, Oldbury, West Midlands B68 0LS3
£205K12/200.29 mi72, Pottery Road, Oldbury, West Midlands B68 9HA3
£357.5K10/220.3 mi213, Abbey Road, Smethwick, West Midlands B67 5NG3
£345K12/200.31 mi211, Abbey Road, Smethwick, West Midlands B67 5NG3
£265K09/210.32 mi33, Pottery Road, Oldbury, West Midlands B68 9EX3
£205K05/210.32 mi18, Hurst Road, Smethwick, West Midlands B67 5NZ3
£225K01/230.32 mi43, Hurst Road, Smethwick, West Midlands B67 5NZ3
£230K08/210.32 mi17, Bernard Road, Oldbury, West Midlands B68 9AP3
£245K04/210.33 mi117, Bleakhouse Road, Oldbury, West Midlands B68 0LT3
£220K06/230.34 mi40, Trinder Road, Smethwick, West Midlands B67 5NX3
£210K12/200.34 mi6, Johnsons Grove, Oldbury, West Midlands B68 0DU3

Local Rents

21 rents from £850/mo to £1.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.02 miWarley Hall Road, OLDBURY3
£1,15012/240.09 miAbbey Crescent, Oldbury3
£1,15012/240.09 miAbbey Crescent, Oldbury3
£1,60012/240.14 miWoodland, Pottery Road, Smethwick, Birmingham, B673
£1,60012/240.15 miWoodland, Abby Road, B673
£1,35004/250.15 mi-3
£1,20012/240.3 miCastle Road West, Oldbury3
£1,40012/240.39 miGoodwyn Avenue, Oldbury, B683
£1,37503/240.41 mi-3
£1,35004/250.44 mi-3
£95012/240.47 miGeorge Road, Oldbury3
£95012/240.47 miGeorge Road, OLDBURY3
£1,67512/240.54 miMonmouth Road, SMETHWICK3
£1,20004/250.54 mi-3
£1,00012/240.55 mi-3
£1,30012/240.57 mi-3
£1,10012/240.59 miHolly Bush Grove, Quinton, B323
£1,25012/240.59 miPerry Hill Road, Oldbury3
£85012/240.6 miGalton Road, Bearwood, B673
£1,15012/240.61 miGalton Road, Smethwick, West Midlands, B673
£1,30012/240.62 miGalton Road, Bearwood, Birmingham, B67 5JX3

Local Area Statistics

Population in B68

30,924

Population in Oldbury

59,935

Town centre distance

1.71 miles away

Nearest school

0.30 miles away

Nearest train station

1.60 miles away

 

 

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £210,000

December 5, 2024

Floor Plans

Description

  • 3 Bedroom Semi Detached Property +
  • Good Sized, Private Rear Garden +
  • In Need of Modernisation +
  • No Upward Chain +

Welcome to this 3-bedroom semi-detached property, offering fantastic potential for a young family looking to take their first step onto the property ladder. While the home is in need of some modernisation, it's bursting with promise and the ideal project for anyone wanting to make it their own.

Located just a short walk from local schools, amenities, and with excellent transport links nearby, including easy access to the motorway, this home is perfectly placed for family life.

Step inside to a welcoming hallway, leading to a spacious lounge with a lovely bay window, a fitted breakfast kitchen overlooking the rear garden and a handy guest W/C is also located on the ground floor.

Upstairs, you'll find two generous double bedrooms, a single bedroom, and a family shower room - ideal for everyday living.

Outside, the rear garden is generously sized and enjoys a private aspect, with side access to the front where you'll find a driveway for one car.

Things to Know...

The Property will be offered with vacant possession, and we are advised the property is of Freeehold tenure.

Services - The vendor advise that all mains services are connected to the property however we suggest this is confirmed by your legal representative prior to exchange of contracts.

Subjective comments in these details imply the opinion of the selling agent at the time these details were prepared. Naturally the opinions of the purchasers may differ. The details are for guidance only and do not form part of the contract. It is advisable that prior to exchange of contracts purchasers walk the boundaries and ensure they are in accordance with the title plan. We also suggest Fixtures and Fittings are confirmed at the point of negotiation.

Money Laundering - We have procedures in place to forestall and prevent Money Laundering. Should we be concerned that an offence is being committed we will act in accordance with the Proceeds of Crime Act 2002 and disclose our concerns to the National Crime Agency.

Local Authority is Sandwell Council with a Council Tax Band of B.

Council Tax Band: B
Tenure: Freehold

Agent Details

Kingsman Estate Agents, Warwick

01926 293248

Next Steps?

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