3 Bed Detached House, Refurb/BRRR, Oldbury, B69 1PX, £260,000

15 Sunningdale Drive, Tividale, OLDBURY, B69 1PX - 7 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+19 photos

ValuationOvervalued

Sold Prices£120K - £540K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£222,599

 

 

End Value (After Refurb)

£232,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£36,800

Bridging Loan Interest

£6,825

Total Cash In

£119,875

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,500

Mortgage (After Refinance)

£174,375

Mortgage LTV

75%

Cash Left In

£119,875

Equity

£58,125

Rent Range

£875 - £1,300

Rent Estimate

£1,108

Running Costs/mo

£968

Cashflow/mo

£140

Cashflow/yr

£1,678

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £120K to £540K, average is £220K. £1.5K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£300K03/230.02 mi3, Sunningdale Drive, Tividale, Oldbury, West Midlands B69 1PX3
£240K10/200.02 mi14, Sunningdale Drive, Tividale, Oldbury, West Midlands B69 1PX3
£212.5K07/210.02 mi22, Sunningdale Drive, Tividale, Oldbury, West Midlands B69 1PX3
£315K03/230.02 mi28, Sunningdale Drive, Tividale, Oldbury, West Midlands B69 1PX3
£275K11/200.02 mi27, Hoylake Drive, Tividale, Oldbury, West Midlands B69 1QA3
£220K03/210.02 mi29, Hoylake Drive, Tividale, Oldbury, West Midlands B69 1QA3
£225K07/210.04 mi11, Gleneagles Drive, Tividale, Oldbury, West Midlands B69 1PU3
£268K03/210.07 mi175, Oakham Road, Tividale, Oldbury, West Midlands B69 1PZ3
£302.9K11/220.08 mi7, Wentworth Drive, Tividale, Oldbury, West Midlands B69 1QD3
£230K10/210.11 mi75, Darbys Hill Road, Tividale, Oldbury, West Midlands B69 1SD3
£240K12/220.12 mi81, Darbys Hill Road, Tividale, Oldbury, West Midlands B69 1SD3
£216K02/210.16 mi25, Muirfield Crescent, Tividale, Oldbury, West Midlands B69 1PW3
£219K12/220.16 mi47, Wheatsheaf Road, Tividale, Oldbury, West Midlands B69 1SW3
£299.9K05/230.19 mi229, Oakham Road, Tividale, Oldbury, West Midlands B69 1PS3
£155.5K10/210.22 mi101, California Road, Tividale, Oldbury, West Midlands B69 1SP3
£540K02/230.23 mi121, Oakham Road, Tividale, Oldbury, West Midlands B69 1QH3
£265K02/230.25 mi152, Darbys Hill Road, Tividale, Oldbury, West Midlands B69 1SQ3
£220K07/230.25 mi111, Regent Road, Tividale, Oldbury, West Midlands B69 1RX3
£150K10/200.25 mi111, Regent Road, Tividale, Oldbury, West Midlands B69 1RX3
£230K03/210.26 mi28, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£208K03/210.26 mi20, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£285K03/230.26 mi38, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£205K12/220.27 mi18, Fairway Avenue, Tividale, Oldbury, West Midlands B69 1TA3
£265K06/230.31 mi50, West Avenue, Tividale, Oldbury, West Midlands B69 1QX3
£175K11/210.32 mi46, California Road, Tividale, Oldbury, West Midlands B69 1SR3
£185K10/210.33 mi33, City Road, Tividale, Oldbury, West Midlands B69 1QZ3
£232.5K01/230.33 mi32, City Road, Tividale, Oldbury, West Midlands B69 1QZ3
£165K02/230.34 mi195, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£123K07/210.34 mi193, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£175.5K12/200.34 mi186, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£150K11/200.34 mi197, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£210.5K07/230.34 mi23, Gilbert Avenue, Tividale, Oldbury, West Midlands B69 1PJ3
£158K12/200.36 mi21, Raby Close, Tividale, Oldbury, West Midlands B69 1US3
£155K02/210.38 mi4, California Road, Tividale, Oldbury, West Midlands B69 1ST3
£120K02/210.39 mi164, Tower Road, Tividale, Oldbury, West Midlands B69 1PE3
£160K10/200.39 mi25, Pine Road, Tividale, Oldbury, West Midlands B69 1TZ3
£220K12/200.39 mi117, Oakham Road, Dudley, West Midlands DY2 7TH3
£350K10/200.39 mi89, Oakham Road, Dudley, West Midlands DY2 7TH3
£240K03/210.42 mi3, Wakeman Drive, Tividale, Oldbury, West Midlands B69 1NQ3
£177.5K06/210.42 mi25, Aston Road, Tividale, Oldbury, West Midlands B69 1TW3
£335K04/220.43 mi18, Elizabeth Grove, Dudley, West Midlands DY2 7TG3
£375K12/220.43 mi29, Elizabeth Grove, Dudley, West Midlands DY2 7TG3
£144K03/210.43 mi7, East Avenue, Tividale, Oldbury, West Midlands B69 1QU3
£175K05/230.43 mi10, East Avenue, Tividale, Oldbury, West Midlands B69 1QU3
£312K03/210.44 mi9, Elizabeth Grove, Dudley, West Midlands DY2 7TG3
£290K02/230.45 mi32, Regent Road, Tividale, Oldbury, West Midlands B69 1TR3
£261K06/210.46 mi11, Huskison Close, Tividale, Oldbury, West Midlands B69 1LZ3
£187.5K08/210.46 mi99, City Road, Tividale, Oldbury, West Midlands B69 1QS3
£130K03/210.46 mi213, Green Park Road, Dudley, West Midlands DY2 7LZ3
£275K06/210.46 mi7, Greenfels Rise, Dudley, West Midlands DY2 7TP3

Local Rents

16 rents from £875/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.33 miPendennis Drive, Oldbury3
£1,20012/240.39 mi-3
£1,20012/240.39 mi-3
£87501/250.48 mi-3
£97503/250.48 mi-3
£1,20004/250.49 mi-3
£1,00004/240.49 mi-3
£1,00012/240.49 miTividale, Oldbury, B693
£1,25012/240.49 miLudgate Close, Tividale, Oldbury, West Midlands, B693
£1,30003/240.49 mi-3
£99512/240.56 miElm Terrace, Oldbury3
£1,25012/230.58 mi-3
£1,19512/240.58 miPackwood Road, Tividale, Oldbury , B69 1UL3
£1,09002/250.58 mi-3
£1,07502/250.58 mi-3
£1,00003/240.61 mi-3

Local Area Statistics

Population in B69

29,011

Population in Oldbury

59,935

Town centre distance

1.69 miles away

Nearest school

0.30 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £260,000

January 13, 2025

Description

Modern detached property situated within one of the most desired and quiet cul-de-sacs in Oakham, requiring some improvement and modernisation.

An opportunity to acquire a modern detached property situated towards the end of a cul-de-sac location requiring improvement and refurbishment. Oakham Primary School, rated outstanding at the last Ofsted Inspection is a ten minute walk away.

The modern detached is well located having good public transport service links by road on nearby Oakham Road and by rail at Dudley Port or Sandwell & Dudley railway station in Oldbury, both situated on the West Coast Mainline providing commuter links into Wolverhampton, Birmingham and Euston London and both stations have free car parking available. Also located on Oakham Road are local shopping facilities, including convenience store, fish shop, vets and GP Surgery.

The detached property is constructed under a well-pitched roof and has double glazing to most window openings, together with a gravity pump central heating system.

The property is situated away from the roadside behind a tarmacadam laid driveway which extends down the side of the property to a detached garage and also has an additional car parking space cut out of a front garden, which contains a shaped lawn area with raised borders. Extending from the driveway is a slabbed pathway which leads to a

Storm Porch
Hardwood door opening door with single glazed windows on three elevations
uPVC obscure double glazed entrance door with matching side panel, opening into

Reception Hall
Central heating radiator, understairs storage cupboard with gas service meter and shelving.

Lounge – 13’4 x 12’2
Double glazed bow window with display shelf, central heating radiator, feature mahogany wooden fire surround in which is located a Living Flame gas fire mounted on a raised tiled hearth, situated behind is a back-boiler providing heating to central heating radiators. Connecting part-obscure double glazed door into

Dining Room – 9’5 x 8’7
Central heating radiator, sliding double glazed doors opening onto rear patio. Connecting internal door to

Kitchen – 9’7 x 8’10
Range of floor and high level mounted storage cupboards finished with light beech woodgrain opening doors fitted to three sides with worktop surface area containing single drainer sink unit and mixer tap. Gas cooker point, plumbing installed for automatic washing machine and provision for under counter fridge and freezer, built-in cupboard to recess including space for tumble drier with outside vent with fitted cupboards and shelving above, Honeywell central heating programmer, double glazed window overlooking rear garden and part-glazed side opening door onto driveway.

Staircase extending from Reception Hall with newel post, spindles and handrail in hallway to first floor landing with double glazed window to side and access to loft space together with airing cupboard containing hot water cylinder and two slatted shelves.

Bedroom 1 (Front) – 10’4 x 10’0 min (3.15m x 3.05m min)
Fitted wardrobes and storage cupboards on three sides including cupboards over bed space, dressing table with drawer units, double glazed window, central heating radiator.

Bedroom 2 (Rear) – 10’5 x 8’5 min (3.17m x 2.57m min)
Built-in wardrobe to recess and storage cupboards over having central vanity area with shelf and mirror, double glazed window, central heating radiator.

Bedroom 3 (Front) – 8’2 x 7’8 max (2.49m x 2.34m max)
Double glazed window, central heating radiator, built-in cupboard over stairhead with single hanging rail, storage space over and below.

Bathroom – 5’6 x 5’2 (1.68m x 1.57m)
Double width long shower cubicle with full-height glass shower screen, Triton T80 electric shower, ceramic tiled splashes in white tile with matching border tile extending into half-tiled walls. Corner located wash-hand basin and vanity unit, vertical ladder towel rail, obscure double glazed window to rear.

Separate W.C.
Low flush W.C. and cistern, obscure double glazed window to side.

Detached Garage – 17’4 x 8’1 (5.28m x 2.46m)
Metal up-and-over door, single glazed window to rear, electric light point and double plastic encased socket.

Rear Garden
Large patio area in mixture of slab and block-paving. Outside cold water tap and light point with additional gated access to side. Garden laid out in distinctive areas with patio extending to side of rear garage down into side pathway extending to a shed, off the patio area are two steps leading to a stoned pathway leading through shaped lawn area with borders containing mature shrubs and trees and central raised bed. Pathway extends through trellised fenced area to additional garden at rear and pathway extending to storage shed.

Tenure
The Agents have advised that the property is FREEHOLD but they have not checked the legal documents to verify this. The buyer should obtain confirmation from their Solicitor or Surveyor.

Fixtures & Fittings
Excluded from the sale unless referred to herein.

Services & Appliances
The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for the purpose. The buyer should obtaining confirmation from the Solicitor or Surveyor.

Viewing
By arrangement with the Selling Agents.

Agent Details

Tom Giles & Co, Oldbury

0121 387 6441

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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