2 Bed Semi-Detached House, Refurb/BRRR, Tipton, DY4 0AE, £205,000

Weston Drive,Tipton, DY4 0AE - 18 views - 3 months ago

Refurb/BRRR
ROI: 13%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£86K - £283K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3K/m²

Value Estimate

£165,556

 

 

End Value (After Refurb)

£191,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£26,951

Bridging Loan Interest

£5,381

Total Cash In

£92,833

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£191,000

Mortgage (After Refinance)

£143,250

Mortgage LTV

75%

Cash Left In

£92,833

Equity

£47,750

Rent Range

£800 - £1,195

Rent Estimate

£2,038

Running Costs/mo

£1,024

Cashflow/mo

£1,014

Cashflow/yr

£12,162

ROI

13%

Gross Yield

12%

Local Sold Prices

43 sold prices from £86K to £283K, average is £158.5K. £1.5K/m² to £4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£175K10/210.03 mi38, Weston Drive, Tipton, West Midlands DY4 0AE2
£195K01/230.13 mi4, Ruth Close, Tipton, West Midlands DY4 0AQ2
£190K11/200.14 mi27, Wigginsmill Road, Wednesbury, West Midlands WS10 7NH2
£190K03/240.14 mi17, Wigginsmill Road, Wednesbury, West Midlands WS10 7NH2
£180K05/210.21 mi27, Seymour Road, Tipton, West Midlands DY4 0EP2
£283K10/230.21 mi27, Seymour Road, Tipton, West Midlands DY4 0EP2
£170K02/230.24 mi9, Lea Avenue, Wednesbury, West Midlands WS10 7NP2
£145K11/200.24 mi5, Lea Avenue, Wednesbury, West Midlands WS10 7NP2
£170K07/210.24 mi6, Lea Avenue, Wednesbury, West Midlands WS10 7NP2
£213K11/220.27 mi56, Catherton Close, Tipton, West Midlands DY4 0DQ2
£147.5K06/210.28 mi54, Catherton Close, Tipton, West Midlands DY4 0DQ2
£145K01/210.28 mi18, Catherton Close, Tipton, West Midlands DY4 0DQ2
£190K03/210.3 mi27, Bertram Close, Tipton, West Midlands DY4 0EL2
£230K08/230.32 mi22, Bagnall Street, Ocker Hill, Tipton, West Midlands DY4 0EB2
£145.5K11/200.37 mi33, Prospect Street, Tipton, West Midlands DY4 0EE2
£136K06/210.5 mi3, Hyett Way, Bilston, West Midlands WV14 8NR2
£160K06/230.5 mi5, Hyett Way, Bilston, West Midlands WV14 8NR2
£137.5K03/210.54 mi89, Gospel Oak Road, Tipton, West Midlands DY4 0DN2
£158.5K03/230.54 mi89, Gospel Oak Road, Tipton, West Midlands DY4 0DN2
£183K09/220.55 mi35, Bilston Road, Tipton, West Midlands DY4 0BY2
£159K10/210.56 mi146, Toll End Road, Tipton, West Midlands DY4 0ET2
£160K12/220.59 mi140, Toll End Road, Tipton, West Midlands DY4 0ET2
£127K03/230.63 mi58, Toll End Road, Tipton, West Midlands DY4 0EU2
£156K03/230.67 mi103, Highfield Road, Tipton, West Midlands DY4 0QX2
£165K05/230.74 mi43, Cupfields Avenue, Tipton, West Midlands DY4 0QY2
£86K03/210.76 mi67, Margaret Road, Wednesbury, West Midlands WS10 7QT2
£115K12/200.79 mi27, Whitehouse Avenue, Wednesbury, West Midlands WS10 7HT2
£122.5K06/210.82 mi2, Smith Avenue, Wednesbury, West Midlands WS10 7SB2
£137.5K08/210.86 mi9, Castle View Close, Moxley, Wednesbury, West Midlands WS10 8SE2
£147.5K02/210.87 mi60, Victory Avenue, Wednesbury, West Midlands WS10 7RS2
£121.5K11/200.89 mi29, Sandgate Road, Tipton, West Midlands DY4 0RZ2
£173K11/210.89 mi36, Lodge Road, Wednesbury, West Midlands WS10 7RZ2
£133K07/210.92 mi114, Moxley Road, Darlaston, Wednesbury, West Midlands WS10 7RG2
£95K12/200.96 mi33, Humphries Crescent, Bilston, West Midlands WV14 8BB2
£176K04/210.97 mi6, Mounts Road, Wednesbury, West Midlands WS10 0BZ2
£108.5K03/230.99 mi9, School Street, Wednesbury, West Midlands WS10 9HU2
£167K09/230.99 mi6, Corporation Street, Wednesbury, West Midlands WS10 9AL2
£165K12/220.99 mi87, Cotterills Road, Tipton, West Midlands DY4 0JY2
£190K09/210.99 mi10, Newells Drive, Tipton, West Midlands DY4 0LD2
£139.8K11/200.99 mi6, Crownmeadow Drive, Tipton, West Midlands DY4 0LE2
£155K06/211 mi17, Pritchard Street, Wednesbury, West Midlands WS10 9EW2
£130K06/211 mi31, Cotterills Road, Tipton, West Midlands DY4 0LA2
£133K12/221 mi18, Cotterills Road, Tipton, West Midlands DY4 0LA2

Local Rents

10 rents from £800/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£87504/240.03 miWeston Drive, West Midlands, DY42
£1,00003/250.07 mi-2
£1,19502/250.21 mi-2
£90011/240.22 miBagnalls Wharf, WEDNESBURY2
£90011/240.22 miBagnalls Wharf, WEDNESBURY2
£95012/240.22 mi-2
£80011/240.52 miHolyhead Road, Wednesbury, West Midlands2
£85011/240.54 miHolyhead Road, Wednesbury, WS102
£1,00004/250.59 mi-2
£85003/250.59 mi-2

Local Area Statistics

Population in DY4

43,161

Town centre distance

1.42 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-12%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £205,000

February 16, 2025

Listed for £210,000

February 3, 2025

Floor Plans

Description

  • Bright and spacious living area with natural light +
  • Kitchen with potential for modern renovation +
  • Two generously sized double bedrooms +
  • Stylish tiled shower room with contemporary fittings +
  • Private rear garden - perfect for relaxation or entertaining +
  • Excellent local amenities and transport links +

Situated in a quiet and well-connected neighbourhood, this charming two-bedroom home offers both comfort and potential for enhancement. Stepping inside, you're welcomed into a bright and spacious living area, where large windows allow plenty of natural light to fill the room, creating a warm and inviting atmosphere. This space is perfect for relaxing or entertaining guests.

The kitchen, located at the rear of the property, offers an excellent opportunity for renovation, allowing the new owner to design a stylish and functional cooking space to suit their needs. With easy access to the garden, it provides a seamless indoor-outdoor flow.

Upstairs, two generously sized double bedrooms offer ample space for rest and storage, making them ideal for families, couples, or professionals. The modern tiled shower room is finished to a high standard, providing a sleek and practical space.

Outside, the private rear garden presents a fantastic opportunity to create an outdoor retreat, whether you envision a peaceful seating area, a vibrant garden, or a play space for children.

Location & Amenities:
Weston Drive benefits from a prime location with excellent local amenities. Within walking distance, you'll find supermarkets, convenience stores, and popular eateries. The area is well-served by schools, making it ideal for families. Transport links are excellent, with easy access to major roads and public transport options, ensuring seamless connections to nearby towns and cities.

This property presents an exciting opportunity for investors looking to add value or homeowners seeking a well-located residence with future potential.

Don't miss out - Contact SmoothSale today to arrange a viewing!

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You can secure this property with an optional reservation deposit of £2,500. This forms part of the property's total purchase price and is not an additional fee. The deposit draws up a legally binding exclusivity agreement which gives exclusive rights to purchase the property within an agreed timeframe.

The reservation deposit guarantees that the seller will remove their property from the market as soon as the offer is accepted and the deposit is paid. This means that the property is reserved for you, giving you time to complete the sale without the risk of being gazumped.

The fixed exclusivity period (typically 8-10 weeks) allows you to prepare financing, surveys and property searches with the confidence that you aren't wasting money on a sale that may fall through.

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These particulars, whilst believed to be accurate, are set out as a general outline and are only intended as guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. No person employed by SmoothSale has the authority to make or give any representation or warranty in respect of the property. Photographs are reproduced for general information and it must not be inferred that any item shown is included for sale with the property. Prospective purchasers are advised to inspect the property and commission an expert report where appropriate.Speak to one of our property specialists about our reservation deposit scheme to find out more.

Agent Details

SmoothSale, Leeds

0117 463 2797

Next Steps?

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

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