3 Bed Semi-Detached House, Refurb/BRRR, Oldbury, B69 4QG, £200,000

43 Swan Crescent, Oldbury, B69 4QG - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
74 m²
+11 photos

ValuationOvervalued

Sold Prices£120K - £323.3K
Sold Prices/m²£1.1K/m² - £3.6K/m²

 

 

Square Metres

74 m²
Price/m²£2.7K/m²

Value Estimate

£146,625

 

 

End Value (After Refurb)

£195,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£29,282

Bridging Loan Interest

£5,250

Total Cash In

£93,482

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£195,000

Mortgage (After Refinance)

£146,250

Mortgage LTV

75%

Cash Left In

£93,482

Equity

£48,750

Rent Range

£650 - £1,450

Rent Estimate

£1,113

Running Costs/mo

£852

Cashflow/mo

£261

Cashflow/yr

£3,132

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £323.3K, average is £190K. £1.1K/m² to £3.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£250K05/230.04 mi93, Swan Crescent, Oldbury, West Midlands B69 4QQ3
£200K01/210.06 mi93, Swan Crescent, Oldbury, West Midlands B69 4QQ3
£163.8K03/210.1 mi850, Wolverhampton Road, Oldbury, West Midlands B69 4RS3
£130K06/230.15 mi859, Wolverhampton Road, Oldbury, West Midlands B69 4RU3
£170K01/210.17 mi28, Penstock Drive, Oldbury, West Midlands B69 4TE3
£267K06/210.17 mi19, Uncle Bens Close, Oldbury, West Midlands B69 4TU3
£202K02/210.18 mi65, Pool Lane, Oldbury, West Midlands B69 4QX3
£153.5K12/200.18 mi35, Pool Lane, Oldbury, West Midlands B69 4QX3
£195K06/210.22 mi1, Clifton Close, Oldbury, West Midlands B69 4TT3
£172.5K06/210.24 mi40, Clay Lane, Oldbury, West Midlands B69 4SY3
£162.5K12/200.24 mi58, Clay Lane, Oldbury, West Midlands B69 4SY3
£153K08/210.24 mi46, York Road, Rowley Regis, West Midlands B65 0SG3
£160K12/220.26 mi240, Causeway Green Road, Oldbury, West Midlands B68 8LS3
£155K05/210.29 mi48, Causeway Green Road, Oldbury, West Midlands B68 8LF3
£125K02/210.29 mi46, Titford Lane, Rowley Regis, West Midlands B65 0PT3
£150K06/210.3 mi51, Penncricket Lane, Oldbury, West Midlands B68 8LX3
£189.4K08/210.3 mi29, Penncricket Lane, Oldbury, West Midlands B68 8LX3
£155K04/230.3 mi41, Penncricket Lane, Oldbury, West Midlands B68 8LX3
£290K03/230.3 mi12, Grosvenor Road, Oldbury, West Midlands B68 8LG3
£230K02/230.32 mi92, Penncricket Lane, Rowley Regis, West Midlands B65 0RE3
£175K03/230.32 mi20, Wells Road, Rowley Regis, West Midlands B65 0SJ3
£175K12/200.32 mi69, York Road, Rowley Regis, West Midlands B65 0RT3
£185K06/210.33 mi29, Woodfield Avenue, Oldbury, West Midlands B69 4TB3
£172K08/210.33 mi5, Pound Road, Oldbury, West Midlands B68 8LY3
£245K08/210.34 mi64, Windsor Road, Oldbury, West Midlands B68 8PB3
£190K10/210.35 mi45, Causeway Green Road, Oldbury, West Midlands B68 8LA3
£225K11/200.35 mi38, Windsor Road, Oldbury, West Midlands B68 8NY3
£215.5K09/210.35 mi48, Windsor Road, Oldbury, West Midlands B68 8NY3
£147K10/210.37 mi28, Cakemore Road, Rowley Regis, West Midlands B65 0RB3
£120K10/200.37 mi38, Cakemore Road, Rowley Regis, West Midlands B65 0RB3
£170K11/200.37 mi343, Birchfield Lane, Oldbury, West Midlands B69 1AG3
£200K06/230.37 mi333, Birchfield Lane, Oldbury, West Midlands B69 1AG3
£200K03/230.38 mi8, Field View Drive, Rowley Regis, West Midlands B65 0RH3
£280K06/230.38 mi85, Parkfield Road, Oldbury, West Midlands B68 8PT3
£187K03/210.38 mi74, Parkfield Road, Oldbury, West Midlands B68 8PT3
£242.5K07/230.38 mi91, Parkfield Road, Oldbury, West Midlands B68 8PT3
£323.3K03/230.38 mi82, Parkfield Road, Oldbury, West Midlands B68 8PT3
£280K06/210.38 mi15, Hadley Street, Oldbury, West Midlands B68 8PU3
£220K12/220.38 mi24, Hadley Street, Oldbury, West Midlands B68 8PU3
£210K12/220.4 mi7, Petersfield Drive, Rowley Regis, West Midlands B65 0SA3
£185K08/210.4 mi22, Petersfield Drive, Rowley Regis, West Midlands B65 0SA3
£160K01/210.41 mi6, Harrold Avenue, Rowley Regis, West Midlands B65 0RQ3
£195K11/220.41 mi16, Staulton Green, Oldbury, West Midlands B69 1AU3
£175K03/210.43 mi117, Farm Road, Oldbury, West Midlands B68 8PL3
£220K09/210.43 mi4, Fairbourne Avenue, Rowley Regis, West Midlands B65 9JR3
£190K05/210.44 mi281, Throne Road, Rowley Regis, West Midlands B65 9JS3
£300K03/230.45 mi113, Farm Road, Oldbury, West Midlands B68 8RA3
£196K11/220.45 mi42, Westgate, Oldbury, West Midlands B69 1BA3
£247K02/230.45 mi79, Old College Avenue, Oldbury, West Midlands B68 8BF3
£233.3K01/210.45 mi169, Farm Road, Oldbury, West Midlands B68 8PN3

Local Rents

21 rents from £650/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.05 mi-3
£1,30004/250.05 mi-3
£1,30012/240.06 miWolverhampton Road, OLDBURY3
£1,29512/240.07 miWolverhampton Road, Oldbury, B693
£65002/240.25 mi-3
£1,19002/240.28 mi-3
£1,19012/240.28 miCauseway Green Road, Oldbury, B683
£1,19012/240.28 miCauseway Green Road, Oldbury, B683
£1,35002/240.34 mi-3
£99512/240.4 miArden Grove, Oldbury, West Midlands, B693
£1,30012/240.45 mi-3
£97503/240.45 mi-3
£97512/240.45 miFarm Road, Oldbury, B683
£1,10012/240.45 miBarrs Street, Oldbury, B683
£1,39504/250.46 mi-3
£1,15012/240.49 miFarm Road, Oldbury3
£99501/250.54 mi-3
£1,30004/250.57 mi-3
£1,15012/240.58 miPear Tree Drive, ROWLEY REGIS3
£99512/240.58 miPear Tree Drive, Rowley Regis, West Midlands, B653
£1,45004/250.59 mi-3

Local Area Statistics

Population in B69

29,011

Population in Oldbury

59,935

Town centre distance

0.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £200,000

February 14, 2025

Description

A traditional semi-detached property situated in a quiet sought after location within Oldbury, offering excellent investment potential.

An opportunity to acquire a traditional semi-detached property situated within a quiet crescent location, with good public transport service links to Birmingham City Centre, Wolverhampton, Dudley, Oldbury and surrounding areas on nearby Wolverhampton Road. There is easy access to the M5/M6 motorway network less than quarter mile away from the property and local shopping facilities available on nearby Causeway Green Road and Asda and Aldi situated on the Wolverhampton Road.

The traditional semi-detached requires complete modernisation and refurbishment and is set-back from the roadside behind a stone-chipped driveway with two brick pillars providing off-road parking for a single vehicle. There is a shared driveway between the two properties that proves access to a concrete sectional garage situated in the rear garden. The access to the property is via

Storm Porch Entrance
uPVC framed with clear double glazed windows to sides and front, ceramic tiled flooring and through archway with downlighters to ceiling to hardwood front entrance door with obscure glazed panel and separate side panels opening into

Reception Hall
Central heating radiator, wall mounted Semens central heating thermostat and control unit, gas meter service cupboard, understairs storage cupboard leading off with electric meter and fuseboard. Laminate flooring through connecting doorway into

Lounge - 10'11 x 13'3 (3.33m x 4.04m) into rounded double glazed bay
Wooden fireplace with marble insert and matching raised hearth on which sits a Living Flame coal effect gas fire, central heating radiator, two wall light points. Archway to

Dining Room - 11'2 x 10'11 (3.40m x 3.33m)
Wooden fire surround with raised tiled stone hearth, central heating radiator, double glazed window and part double glazed door opening into rear lean-to area. Connecting internal doorway into

Kitchen - 10'10 x 5'9 (3.30m x 1.75m)
Matching fitted cupboards at floor and high level with worktop surfaces containing inset single drainer sink unit and mixer tap, space for upright fridge/freezer and electric cooker with extractor over. Double glazed window to side and wall-mounted Glo-Worm Sustain central heating combination boiler to side wall with associated pipework and valves, central heating radiator. Doorway to

Wooden Lean-To - 6'9 x 6'0 (2.06m x 1.83m)
Single glazed window and connecting door to separate lean-to situated at the rear of the dining area with plumbing installed for automatic washing machine.

Staircase with newel post, spindles and handrails extending into the first floor landing with double glazed window to side.

Bedroom 1 (Front) - 9'9 x 13'7 (2.97m x 4.14m) into rounded double glazed bay
Central heating radiator

Bedroom 2 (Rear) - 11'4 x 9'9 (3.45m x 2.97m)
Double glazed window, central heating radiator

Bedroom 3 (Front) - 7'0 x 6'11 (2.13m x 2.11m)
Double glazed window, central heating radiator

Bathroom - 6'9 x 6'6 (2.06m x 1.98m)
White suite comprising panel bath with shower mixer taps and fitted Triton Jade electric shower, shell-shaped pedestal wash-hand basin and close coupled W.C. and toilet cistern. Fully tiled ceramic walls on two sides extending to half-tiled wall to remaining areas. Obscure double glazed window to rear, vertical ladder towel rail.

Outside
From the Dining Area is a slabbed patio area with side gated access, concrete sectional garage (not measured or inspected) with metal up-and-over opening door. Patio extends into pathway with lawn area to side containing mature conifer and trees to the rear.

Tenure
The Agents are advised that the property is FREEHOLD but they have not checked the legal documents to verify this. The buyer should obtain confirmation from their Solicitor or Surveyor.

Fixtures & Fittings
Excluded from the sale unless referred to herein.

Services & Appliances
The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for the purpose. The buyer should obtain confirmation from their Solicitor or Surveyor.

Vacant possession upon completion.

Viewing
By arrangement with the Selling Agents.

Agent Details

Tom Giles & Co, Oldbury

0121 387 6441

Next Steps?

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