3 Bed Semi-Detached House, Refurb/BRRR, Bilston, WV14 9HN, £185,000

Bourne Street, COSELEY, WV14 9HN - 1 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£122K - £325K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£188,700

 

 

End Value (After Refurb)

£221,429

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Refurb Costs

£36,800

Bridging Loan Interest

£4,856

Total Cash In

£101,306

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,429

Mortgage (After Refinance)

£166,071

Mortgage LTV

75%

Cash Released

£27,321

Cash Left In

£73,985

Equity

£55,357

Rent Range

£795 - £1,650

Rent Estimate

£1,322

Running Costs/mo

£976

Cashflow/mo

£346

Cashflow/yr

£4,148

ROI

4%

Gross Yield

9%

Local Sold Prices

52 sold prices from £122K to £325K, average is £185.3K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£200K03/210.08 mi36, King Street, Coseley, Bilston, West Midlands WV14 9HL3
£240K02/230.09 mi17, Bourne Street, Woodsetton, Dudley, West Midlands DY3 1AF3
£129.9K11/200.1 mi57, Andersleigh Drive, Bilston, West Midlands WV14 9AY3
£210K12/220.1 mi18, Corfe Road, Bilston, West Midlands WV14 9HP3
£187K03/210.11 mi2, Corfe Road, Bilston, West Midlands WV14 9HP3
£166K06/210.11 mi4, Corfe Road, Bilston, West Midlands WV14 9HP3
£247.5K12/230.11 mi9, Corfe Road, Bilston, West Midlands WV14 9HP3
£220K05/230.14 mi24, Elmdale Road, Bilston, West Midlands WV14 9AU3
£223.2K07/230.14 mi86, Elmdale Road, Bilston, West Midlands WV14 9AU3
£170K03/210.18 mi8, Lime Street, Bilston, West Midlands WV14 9HQ3
£197.5K05/210.18 mi11, Cedar Avenue, Bilston, West Midlands WV14 9TN3
£270K11/230.19 mi10, Maple Close, Bilston, West Midlands WV14 9TP3
£169.9K12/200.19 mi145, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£205K11/230.19 mi106, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£165K04/210.21 mi183, Turls Hill Road, Bilston, West Midlands WV14 9HH3
£155K11/210.24 mi13, Beechfield Grove, Bilston, West Midlands WV14 9TJ3
£325K12/200.25 mi1, Reynards Close, Dudley, West Midlands DY3 1AH3
£125K01/210.25 mi1, Clayton Road, Bilston, West Midlands WV14 9TG3
£162.5K09/210.26 mi4a, Providence Row, Bilston, West Midlands WV14 9LE3
£263K09/230.26 mi21, Providence Row, Bilston, West Midlands WV14 9LE3
£142K05/210.27 mi24, Grange Road, Bilston, West Midlands WV14 9TD3
£240K09/220.27 mi58, Horace Street, Coseley, Bilston, West Midlands WV14 9HX3
£185K03/210.27 mi11, Greenoak Crescent, Bilston, West Midlands WV14 9TS3
£185.5K10/210.27 mi14, Greenoak Crescent, Bilston, West Midlands WV14 9TS3
£175K06/230.28 mi13, Quilter Close, Coseley, Bilston, West Midlands WV14 9AX3
£175K07/230.3 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£175K07/230.3 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£190K02/240.3 mi36, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£122K01/210.3 mi125, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£133.5K02/210.3 mi91, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£222K02/210.31 mi6, Flowerdale Close, Coseley, Bilston, West Midlands WV14 9QT3
£293K03/210.31 mi30, Hospital Lane, Coseley, Bilston, West Midlands WV14 9LF3
£184.9K11/200.31 mi57, Berrington Drive, Coseley, Bilston, West Midlands WV14 9QH3
£190K09/210.31 mi67, Berrington Drive, Coseley, Bilston, West Midlands WV14 9QH3
£220K10/230.32 mi33, Chad Road, Coseley, Bilston, West Midlands WV14 9TF3
£250K01/230.33 mi9, Crowesbridge Mews, Bilston, West Midlands WV14 9LY3
£160K03/230.33 mi12, Clifton Street, Coseley, Bilston, West Midlands WV14 9EY3
£219.9K01/210.35 mi89, Clifton Street, Coseley, Bilston, West Midlands WV14 9HB3
£300K11/220.35 mi15, Bancroft Close, Coseley, Bilston, West Midlands WV14 9UB3
£198K11/210.35 mi69, Clifton Street, Coseley, Bilston, West Midlands WV14 9HB3
£215K11/230.35 mi69, Clifton Street, Coseley, Bilston, West Midlands WV14 9HB3
£185K12/200.36 mi42, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£218K06/210.36 mi56, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£235K10/210.36 mi20, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£150K07/210.37 mi5, Bosworth Close, Woodsetton, Dudley, West Midlands DY3 1BJ3
£161K07/230.37 mi12, Bosworth Close, Woodsetton, Dudley, West Midlands DY3 1BJ3
£178K08/230.37 mi45, Upper Ettingshall Road, Coseley, Bilston, West Midlands WV14 9QS3
£170K04/210.37 mi5, Somerford Way, Bilston, West Midlands WV14 9QL3
£144K11/200.38 mi41, Marlborough Road, Woodsetton, Dudley, West Midlands DY3 1BH3
£180K03/210.38 mi24, Park Road, Woodsetton, Dudley, West Midlands DY1 4JJ3
£185K09/230.39 mi10, Rock Road, Bilston, West Midlands WV14 9HA3
£185K09/230.39 mi10, Rock Road, Bilston, West Midlands WV14 9HA3

Local Rents

11 rents from £795/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£99511/240.05 mi-3
£1,20011/240.14 miElmdale Road, BILSTON3
£1,30011/240.16 miHockley Road, BILSTON3
£1,30011/240.16 miHockley Road, BILSTON3
£79511/240.39 miMount Pleasant Street, Bilston, WV143
£1,65004/250.43 mi-3
£1,65004/250.43 mi-3
£1,65004/250.43 mi-3
£1,65004/250.43 mi-3
£1,10001/250.54 mi-3
£1,25012/240.58 mi-3

Local Area Statistics

Population in WV14

46,931

Town centre distance

1.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £185,000

January 24, 2025

Floor Plans

Description

  • SPACIOUS SEMI-DETACHED FAMILY HOME WITH NO UPWARD CHAIN +
  • THREE BEDROOMS +
  • 13ft LIVING ROOM PLUS DINING ROOM WITH DOOR OUT +
  • FITTED KITCHEN PLUS UTILITY +
  • DOWNSTAIRS WC AND FIRST FLOOR BATHROOM +
  • OFF ROAD PARKING PLUS GARAGE +
  • PRIVATE AND ENCLOSED REAR GARDEN +
  • CENTRAL HEATING AND DOUBLE GLAZING +
  • POPULAR LOCATION CLOSE TO SHOPS, SCHOOLS AND TRANSPORT SERVICES +
  • INTERIOR VIEWING IS RECOMMENDED +

A semi-detached property situated in a popular residential area local to a range of amenities and offered for sale with no upward chain. This spacious three bedroom family home has been well maintained but requires modernisation works offering great potential and interior viewing is highly recommended.
Noteworthy features include: two reception rooms with gas fires, a fitted kitchen with useful utility off, first floor bathroom, two double bedrooms and one single, off road parking and an enclosed rear garden with patio area and lawn area.
Council Tax Band C.
Energy Rating D.
Tenure FREEHOLD.
Mining report available upon request.

Agent Details

Skitts Estate Agents, Sedgley

01902 943983

Next Steps?

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