3 Bed Semi-Detached House, Refurb/BRRR, Willenhall, WV13 3QL, £250,000

Chiltern Drive, Willenhall, WV13 3QL - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£115.5K - £260K
Sold Prices/m²£1.3K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£190,718

 

 

End Value (After Refurb)

£213,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£36,800

Bridging Loan Interest

£6,563

Total Cash In

£116,313

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£213,750

Mortgage (After Refinance)

£160,313

Mortgage LTV

75%

Cash Left In

£116,313

Equity

£53,438

Rent Range

£715 - £2,599

Rent Estimate

£1,192

Running Costs/mo

£926

Cashflow/mo

£266

Cashflow/yr

£3,188

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £115.5K to £260K, average is £185K. £1.3K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£185K07/210.01 mi6, Chiltern Drive, Willenhall, West Midlands WV13 3QL3
£210K11/230.02 mi3, Alcester Drive, Willenhall, West Midlands WV13 3QW3
£220K12/230.02 mi7, Alcester Drive, Willenhall, West Midlands WV13 3QW3
£207K03/230.07 mi32, Milcote Drive, Willenhall, West Midlands WV13 3QN3
£227K11/220.08 mi22, Shoreham Close, Willenhall, West Midlands WV13 3QG3
£260K01/230.08 mi15, Shoreham Close, Willenhall, West Midlands WV13 3QG3
£240K11/220.09 mi6, Uplands Road, Willenhall, West Midlands WV13 3QE3
£260K06/210.12 mi11, Moseley Road, Willenhall, West Midlands WV13 3QB3
£205K02/240.13 mi31, Stubbington Close, Willenhall, West Midlands WV13 3QF3
£210K05/220.13 mi54, Stubbington Close, Willenhall, West Midlands WV13 3QF3
£215K08/210.13 mi34, Stubbington Close, Willenhall, West Midlands WV13 3QF3
£115.5K05/210.13 mi38, Parkview Road, Bilston, West Midlands WV14 6HH3
£115.5K05/210.13 mi38, Parkview Road, Bilston, West Midlands WV14 6HH3
£195K07/210.18 mi47, Treynham Close, Wolverhampton, West Midlands WV1 2UG3
£185K09/230.18 mi57, Lawnside Green, Bilston, West Midlands WV14 6HP3
£175K09/230.18 mi68, Lawnside Green, Bilston, West Midlands WV14 6HP3
£175K06/230.19 mi11, Cleveland Close, Willenhall, West Midlands WV13 3PZ3
£225K06/230.2 mi32, Evans Street, Willenhall, West Midlands WV13 3UN3
£215K04/220.2 mi54, Marshall Road, Willenhall, West Midlands WV13 3PB3
£185K03/210.2 mi58, Marshall Road, Willenhall, West Midlands WV13 3PB3
£155K04/210.21 mi462, Willenhall Road, Willenhall, West Midlands WV13 3PS3
£160K12/200.22 mi31, Church Green, Bilston, West Midlands WV14 6HJ3
£180K06/230.26 mi5, Park Meadow Avenue, Bilston, West Midlands WV14 6HA3
£147K11/200.26 mi34, Wentbridge Road, Wolverhampton, West Midlands WV1 2UF3
£143K05/210.27 mi61, Arnhem Road, Willenhall, West Midlands WV13 3TX3
£135K06/210.27 mi25, Arnhem Road, Willenhall, West Midlands WV13 3TX3
£141K11/200.27 mi45, Arnhem Road, Willenhall, West Midlands WV13 3TX3
£170K05/230.27 mi33, Arnhem Road, Willenhall, West Midlands WV13 3TX3
£157K05/210.27 mi7, Deans Gate, Willenhall, West Midlands WV13 3NH3
£215K10/220.29 mi9 Old Stowheath Lane, Stowheath Lane, Moseley Village, Wolverhampton, West Midlands WV1 2QN3
£235K02/230.29 mi214, Moseley Road, Bilston, West Midlands WV14 6JG3
£195K06/230.3 mi4, Hill Road, Willenhall, West Midlands WV13 3TR3
£215K05/230.3 mi560, Willenhall Road, Willenhall, West Midlands WV13 3QZ3
£150K11/230.3 mi540, Willenhall Road, Willenhall, West Midlands WV13 3QZ3
£220K04/230.3 mi3, Park View Road, Bilston, West Midlands WV14 6HB3
£170K10/220.31 mi1, Hill Road, Willenhall, West Midlands WV13 3TS3
£140K01/240.32 mi42, Alamein Road, Willenhall, West Midlands WV13 3TU3
£180K03/230.32 mi73, Alamein Road, Willenhall, West Midlands WV13 3TU3
£185K12/220.32 mi16, Alamein Road, Willenhall, West Midlands WV13 3TU3
£140K07/230.32 mi34, Alamein Road, Willenhall, West Midlands WV13 3TU3
£161K07/210.32 mi53, Oaklands Green, Bilston, West Midlands WV14 6DW3
£170K11/200.32 mi3, Oaklands Green, Bilston, West Midlands WV14 6DW3
£170K03/210.36 mi37, Vaughan Road, Willenhall, West Midlands WV13 3TJ3
£237K02/210.36 mi7, Vaughan Road, Willenhall, West Midlands WV13 3TJ3
£245K01/240.36 mi125, Stowheath Lane, Wolverhampton, West Midlands WV1 2QL3
£180K11/220.36 mi147, Stowheath Lane, Wolverhampton, West Midlands WV1 2QL3
£182K01/210.39 mi6, Gerrard Road, Willenhall, West Midlands WV13 3LB3
£243K11/230.4 mi199, Moseley Road, Bilston, West Midlands WV14 6HX3
£180K12/230.4 mi352, Willenhall Road, Wolverhampton, West Midlands WV1 2JB3
£215K01/210.41 mi55, Langdale Drive, Bilston, West Midlands WV14 6LX3

Local Rents

20 rents from £715/mo to £2.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25011/240.13 miStubbington Close, Willenhall3
£2,59903/250.2 mi-3
£1,10011/240.29 miStowheath Lane, Moseley Village, WOLVERHAMPTON3
£1,00011/240.43 miWinster Road, Wolverhampton, West Midlands, WV13
£99512/240.43 mi-3
£99503/250.43 mi-3
£95011/240.44 miVernon Close, Willenhall3
£1,15011/240.46 mi-3
£1,20002/240.5 mi-3
£89501/250.5 mi-3
£1,20011/240.52 miHolland Road, Bilston3
£1,25002/240.55 mi-3
£1,05011/240.56 miStokes Avenue, WILLENHALL3
£1,40001/250.58 mi-3
£1,40004/250.58 mi-3
£1,25004/250.59 mi-3
£1,25004/250.59 mi-3
£1,20011/240.61 mi-3
£71511/240.61 miLansdowne Road, Bilston, West Midlands, WV143
£1,10001/250.61 mi-3

Local Area Statistics

Population in WV13

20,903

Population in Willenhall

46,320

Town centre distance

1.54 miles away

Nearest school

0.20 miles away

Nearest train station

0.86 miles away

 

 

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+47%

Property History

Listed for £250,000

February 10, 2025

Floor Plans

Description

  • Three-bedroom semi-detached home on a corner plot with a previous extension +
  • Block-paved driveway with off-road parking for 2-3 cars. +
  • Large double-length lounge with fireplace and two sets of patio doors. +
  • Front-facing kitchen with ample storage and large window. +
  • Separate dining room with window and inset storage cupboards. +
  • Spacious reception room, utility area, and additional workshop within the extension. +
  • Well-maintained, multi-level rear garden with paved areas, shrubbery, and a shed. +
  • Excellent potential for renovation and modernisation. +
  • COUNCIL TAX BAND B +
  • EPC RATING D +

Skitts Estate Agents in Willenhall are delighted to present this thre-bedroom semi-detached property occupying a generous corner plot with excellent potential for renovation and modernisation. Offers no chain.Located in a quiet estate, this property benefits from ample outdoor space to the front, side, and rear, making it an ideal family home or a fantastic opportunity for those looking to enhance and develop the space further. The home has previously been extended to the side, creating additional reception rooms, a utility area, and a workshop, adding to the overall footprint of the property.Upon arrival, you are greeted by a block-paved driveway, providing off-road parking for two to three cars. The side entrance leads into a spacious reception room, which connects to the extended section of the property. From here, you are led into the main entrance hall, which provides access to the kitchen. The kitchen is located at the front of the property, featuring ample worktop space, cupboards, and a wide window, allowing for plenty of natural light. This area leads through to the dining room, which includes a window to the front and inset storage cupboards at the rear.Moving back through the dining room and kitchen, the entrance hall leads into the large, double-length lounge, which serves as the heart of the home. This spacious living area boasts a feature fireplace with a surround, creating a cosy yet open space for relaxation. The lounge benefits from two sets of patio double doors—one leading directly into the rear garden, and the other opening into a small external porch area, which further connects to the utility room within the extension.The rear garden is thoughtfully arranged over two levels, featuring paved patio areas and shrubbery for easy maintenance. The upper tier includes a shed and an iron gate, which leads to the side garden—also paved—running alongside the extended section of the property, offering additional outdoor space.Heading upstairs, the property offers three well-proportioned bedrooms and a shower room. The main bedroom, located at the rear, features a large window and built-in double wardrobes, while the second bedroom, positioned at the front, also benefits from a spacious layout with inset wardrobes. The third bedroom, located at the rear, is a good-sized room with a large window. The shower room is fitted with a double shower, sink, and WC, completing the upper floor.With its generous square footage, corner plot, and existing extension, this property presents huge potential for customisation and modernisation. Situated in a desirable and quiet residential area, it is an excellent opportunity for buyers looking for a spacious home with plenty of scope for improvement.

Agent Details

Skitts Estate Agents, Willenhall

01902 943855

Next Steps?

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