2 Bed Flat, Single Let, Bilston, WV14 0LR, £90,000

Merstone Close, Bilston, WV14 0LR - 2 views - 3 months ago

Leasehold
BTL
ROI: 14%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£60K - £144K
Sold Prices/m²£921/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£107,032
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£725 - £1,100

Rent Estimate

£794

Running Costs/mo

£460

Cashflow/mo

£334

Cashflow/yr

£4,007

ROI

14%

Gross Yield

11%

Local Sold Prices

28 sold prices from £60K to £144K, average is £93K. £921/m² to £2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£71.5K12/200 mi15, Merstone Close, Bilston, West Midlands WV14 0LR2
£71.5K12/200 mi15, Merstone Close, Bilston, West Midlands WV14 0LR2
£123K06/230.22 mi25, Lowbridge Walk, Bilston, West Midlands WV14 6BP2
£136K08/210.22 mi79, Lowbridge Walk, Bilston, West Midlands WV14 6BP2
£120K08/230.24 mi124, Lowbridge Walk, Bilston, West Midlands WV14 6BJ2
£90K04/210.33 mi52, Hartshorn Street, Bilston, West Midlands WV14 0HD2
£144K11/220.36 mi11a, Regent Street, Bilston, West Midlands WV14 6AX2
£60K11/220.38 mi47, Weston Drive, Bilston, West Midlands WV14 0UP2
£97K03/230.4 mi19, Ward Street, Ettingshall, Wolverhampton, West Midlands WV2 2NR2
£85K06/220.4 mi15, Ward Street, Ettingshall, Wolverhampton, West Midlands WV2 2NR2
£93K08/210.46 mi30, Rockford Place, Wolverhampton, West Midlands WV2 2BN2
£93K08/210.46 mi30, Rockford Place, Wolverhampton, West Midlands WV2 2BN2
£110K05/220.47 mi36, Rockford Place, Wolverhampton, West Midlands WV2 2BN2
£83K10/220.48 mi21, Morville Croft, Bilston, West Midlands WV14 0UG2
£99K10/210.5 mi19, John Street, Ettingshall, Wolverhampton, West Midlands WV2 2LS2
£99K10/210.5 mi19, John Street, Ettingshall, Wolverhampton, West Midlands WV2 2LS2
£69K11/200.61 mi59, Holloway Street, Wolverhampton, West Midlands WV1 2SY2
£102K09/230.67 mi154, Stowheath Lane, Wolverhampton, West Midlands WV1 2TQ2
£78K02/220.74 mi35b, Durberville Road, Wolverhampton, West Midlands WV2 2ES2
£70K11/200.8 mi101, Oxford Street, Bilston, West Midlands WV14 7EH2
£91K07/230.91 mi35, Bissell Street, Bilston, West Midlands WV14 7EN2
£63K10/230.95 mi34, Florence Avenue, Wolverhampton, West Midlands WV4 6DB2
£102K10/220.96 mi23, Millport Road, Wolverhampton, West Midlands WV4 6BQ2
£113K07/230.96 mi21, Millport Road, Wolverhampton, West Midlands WV4 6BQ2
£65K09/230.97 mi6, Woodstock Road, East Park, Wolverhampton, West Midlands WV1 2DT2
£84K11/230.98 mi157, Hilton Road, Lanesfield, Wolverhampton, West Midlands WV4 6DN2
£102.5K03/231 mi53, Newman Avenue, Wolverhampton, West Midlands WV4 6DA2
£100K02/231 mi11, Rosneath Close, Wolverhampton, West Midlands WV4 6DY2

Local Rents

16 rents from £725/mo to £1.1K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£72511/240.13 miBagnall Road, Bilston, WV14 0HP2
£95011/240.23 miColerne Street, Wolverhampton, WV22
£80012/240.24 mi-2
£94911/240.27 mi-2
£90001/250.31 mi-2
£95002/250.31 mi-2
£1,10004/250.35 mi-2
£86011/240.35 miWESTON DRIVE, Bilston, WEST MIDLANDS, WV142
£82511/240.38 miWeston Drive, Bradley, BILSTON2
£80002/250.44 mi-2
£95004/250.45 mi-2
£80011/240.55 mi-2
£80001/250.55 mi-2
£80001/250.55 mi-2
£80011/240.55 mi-2
£77511/240.56 miMillfields Road, WOLVERHAMPTON2

Local Area Statistics

Population in WV14

46,931

Town centre distance

0.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Price changed to £90,000

March 29, 2025

Listed for £95,000

February 6, 2025

Description

  • NO UPWARD CHAIN +
  • TWO BEDROOM +
  • TOP FLOOR APARTMENT +
  • SPACIOUS LOUNGE +
  • LOCAL AMENITIES +

SUMMARY
Offered with NO UPWARD CHAIN this is one NOT TO BE MISSED, Top floor TWO BEDROOM apartments Comprising of Two Bedrooms, Kitchen. Bathroom and Hallway. This property is one not to be missed with excellent nearby transport links and local amenities

Call now on to View...

DESCRIPTION
Do you need help selling your property?
Do you need help finding the right mortgage?
Do you have a property to let?

Here at Paul Dubberley Bilston we offer free advice on the house buying and selling process.
Contact us on !

Entrance Hall 
Wall Mounted Electric Heater and Loft Access

Living Room 14' 9" x 13' 1" ( 4.50m x 3.99m )
Electric Heater and Double Glazed Windows

Kitchen 10' 1" x 6' 10" ( 3.07m x 2.08m )
Wall and Base Units with Worktop over, Stainless Steel Sink Drainer, Room for Washing Machine, Oven and Fridge. Tiles SplashBacks with Double Glazed Window to Side

Bedroom One 10' 7" x 9' 9" ( 3.23m x 2.97m )
Electric Heater, Double Glazed Windows and Built-In Wardrobes

Bedroom Two 9' 8" x 9' 7" ( 2.95m x 2.92m )
Electric Heater and Built iin Wardrobes

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Paul Dubberley & Co, Bilston

01900 510984

Next Steps?

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