3 Bed Semi-Detached House, Refurb/BRRR, Bilston, WV14 6RL, £195,000

Wellington Road, Bilston, WV14 6RL - 4 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£63K - £360K
Sold Prices/m²£788/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£155,000

 

 

End Value (After Refurb)

£165,625

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£7,050

Refurb Costs

£36,800

Bridging Loan Interest

£5,119

Total Cash In

£99,469

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,625

Mortgage (After Refinance)

£124,219

Mortgage LTV

75%

Cash Left In

£99,469

Equity

£41,406

Rent Range

£1,000 - £1,300

Rent Estimate

£1,158

Running Costs/mo

£769

Cashflow/mo

£389

Cashflow/yr

£4,666

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £63K to £360K, average is £153.3K. £788/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£130K10/200.03 mi151, Wellington Road, Bilston, West Midlands WV14 6RN3
£169K04/210.06 mi4, Hall Park Street, Bilston, West Midlands WV14 0NG3
£149.3K12/230.13 mi6, Bailey Road, Bilston, West Midlands WV14 6RZ3
£164K06/210.16 mi200, Wellington Road, Bilston, West Midlands WV14 6BG3
£153.5K01/210.16 mi14, Hadley Road, Bilston, West Midlands WV14 6RS3
£150K12/200.18 mi13, Stowheath Lane, Wolverhampton, West Midlands WV1 2TW3
£140K04/230.18 mi66, Stowheath Lane, Wolverhampton, West Midlands WV1 2TD3
£165K02/210.19 mi31, Westfield Road, Bilston, West Midlands WV14 6EW3
£115K05/210.2 mi9, Bedford Street, Wolverhampton, West Midlands WV1 2TA3
£153K04/210.21 mi47, Hadley Road, Bilston, West Midlands WV14 6RX3
£100K01/210.21 mi68, Hadley Road, Bilston, West Midlands WV14 6RX3
£130K03/240.23 mi383, Bilston Road, Wolverhampton, West Midlands WV2 2NN3
£136K06/210.23 mi31, Bulger Road, Bilston, West Midlands WV14 6RR3
£63K07/210.25 mi42, Hargreaves Street, Wolverhampton, West Midlands WV1 2TB3
£165K08/220.26 mi84, George Street, Ettingshall, Wolverhampton, West Midlands WV2 2LZ3
£175K10/210.29 mi42, Broadmeadow Green, Bilston, West Midlands WV14 6EG3
£164K12/200.31 mi1, Pembroke Avenue, Ettingshall, Wolverhampton, West Midlands WV2 2JY3
£147.5K07/210.33 mi24, Pembroke Avenue, Ettingshall, Wolverhampton, West Midlands WV2 2JX3
£215K04/220.34 mi5, Hawthorn Road, Stow Heath, Wolverhampton, West Midlands WV1 2TL3
£140K01/230.34 mi34, Albany Crescent, Bilston, West Midlands WV14 0HU3
£170K04/210.36 mi14, Coningsby Drive, Wolverhampton, West Midlands WV2 2RN3
£125K04/210.38 mi176, Wolverhampton Street, Bilston, West Midlands WV14 0LZ3
£166.3K03/210.38 mi136, Wolverhampton Street, Bilston, West Midlands WV14 0LZ3
£225K10/230.38 mi162, Wolverhampton Street, Bilston, West Midlands WV14 0LZ3
£110K02/210.38 mi12, Thorne Street, Ettingshall, Wolverhampton, West Midlands WV2 2ND3
£177K07/230.38 mi126, Stowheath Lane, Wolverhampton, West Midlands WV1 2TQ3
£160K01/230.39 mi14, Lime Grove, Bilston, West Midlands WV14 6EQ3
£155K11/200.41 mi9, Bayliss Close, Bilston, West Midlands WV14 6DB3
£157K10/230.42 mi2, Bursledon Walk, Wolverhampton, West Midlands WV1 2UE3
£180K10/230.42 mi12, Haddock Road, Bilston, West Midlands WV14 6QG3
£120K08/210.43 mi29, Green Lanes, Bilston, West Midlands WV14 6BY3
£100K12/200.44 mi15, Bagnall Road, Bilston, West Midlands WV14 0HP3
£360K02/230.46 mi17, Claremont Street, Bilston, West Midlands WV14 6BA3
£226.3K07/230.5 mi9, Owen Road, Bilston, West Midlands WV14 6QH3
£99K02/230.52 mi53, Wolverhampton Street, Bilston, West Midlands WV14 0LT3
£210K12/220.52 mi65, Durberville Road, Wolverhampton, West Midlands WV2 2ES3
£120K02/210.52 mi3, Durberville Road, Wolverhampton, West Midlands WV2 2ES3
£130K11/200.53 mi15, Hughes Road, Bilston, West Midlands WV14 6QU3
£100K04/210.54 mi41, Millfields Road, Bilston, West Midlands WV14 0QR3
£160K04/210.54 mi35, Millfields Road, Bilston, West Midlands WV14 0QR3
£220K04/230.54 mi3, Park View Road, Bilston, West Midlands WV14 6HB3
£130K01/230.54 mi47, Mill Street, Bilston, West Midlands WV14 0HN3
£149K12/200.55 mi10, Hughes Place, Bilston, West Midlands WV14 6QX3
£161K07/210.56 mi53, Oaklands Green, Bilston, West Midlands WV14 6DW3
£170K11/200.56 mi3, Oaklands Green, Bilston, West Midlands WV14 6DW3
£127K02/210.56 mi16, Thornton Road, Wolverhampton, West Midlands WV1 2QQ3
£127K02/210.56 mi16, Thornton Road, Wolverhampton, West Midlands WV1 2QQ3
£145K09/210.57 mi45, Shale Street, Bilston, West Midlands WV14 0HF3
£180K06/230.57 mi5, Park Meadow Avenue, Bilston, West Midlands WV14 6HA3
£160K06/230.57 mi25, Rough Hills Road, Wolverhampton, West Midlands WV2 2HJ3

Local Rents

15 rents from £1K/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10002/240.29 mi-3
£1,10011/240.29 mi-3
£1,10011/240.29 mi-3
£1,25011/240.31 miColtishall Grove, Wolverhampton, WV23
£1,30011/240.32 miWard Street, Wolverhampton, West Midlands, WV23
£1,19504/250.32 mi-3
£1,10011/240.34 mi-3
£1,10011/240.35 miColerne Street, WOLVERHAMPTON3
£1,20011/240.37 mi-3
£1,20004/250.38 mi-3
£1,25002/250.38 mi-3
£1,20012/240.4 mi-3
£1,15011/240.52 mi-3
£1,00011/240.53 miOwen Place, BILSTON3
£1,20002/240.56 mi-3

Local Area Statistics

Population in WV14

46,931

Town centre distance

1.13 miles away

Nearest school

0.30 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £195,000

January 24, 2025

Floor Plans

Description

  • Generous Room Sizes +
  • Three Reception Rooms +
  • Generous Rear Garden +
  • Driveway & Garage +

The Property
*Three Reception Rooms*

A spacious three bedroomed Family home.

Occupying a generous plot with a good sized rear garden with plenty of future potential both internally and externally.

Ideally situated with convenient access to local amenities, transport links and Schools.

The property is in need of modernisation and offers an ideal Family home with spacious and versatile accommodation.

With private driveway parking and garage to the front elevation.

Accommodation comprises;
To the ground floor;

Entrance porch, spacious entrance hall, storage, reception room one, two and three and the kitchen/dining room.

The first floor has three bedrooms and a family bathroom.

Viewing of this property is highly recommended.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Wolverhampton

020 3840 3372

Next Steps?

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