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 |
BMV | 19% |
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.
Local Rents
16 rents from £725/mo to £1.1K/mo, average is £813/mo.
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
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