3 Bed Semi-Detached House, Cash/Bridging Only, Bilston, WV14 9XE, £126,000

Pointon Close, COSELEY, WV14 9XE - 3 views - 2 months ago

Auction
Cash
ROI: 5%
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£60K - £323K
Sold Prices/m²£750/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£136,350
BMV1%

 

 

End Value (After Refurb)

£189,639

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,500

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£36,800

Bridging Loan Interest

£3,308

Total Cash In

£78,608

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£189,639

Mortgage (After Refinance)

£142,229

Mortgage LTV

75%

Cash Released

£47,729

Cash Left In

£30,878

Equity

£47,410

Rent Range

£795 - £1,650

Rent Estimate

£1,154

Running Costs/mo

£843

Cashflow/mo

£311

Cashflow/yr

£3,727

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £60K to £323K, average is £185K. £750/m² to £3.4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£155K02/210.01 mi19, Pointon Close, Bilston, West Midlands WV14 9XE3
£150K06/210.13 mi68, Ettingshall Road, Bilston, West Midlands WV14 9UG3
£126.5K03/210.13 mi63, Ettingshall Road, Bilston, West Midlands WV14 9UR3
£168K03/210.13 mi332, Birmingham New Road, Bilston, West Midlands WV14 9PW3
£150K11/200.13 mi344, Birmingham New Road, Bilston, West Midlands WV14 9PW3
£151K01/240.16 mi32, Rookery Road, Wolverhampton, West Midlands WV4 6NP3
£221K08/210.18 mi473, Birmingham New Road, Bilston, West Midlands WV14 9PJ3
£217K09/230.19 mi102, Woodcross Lane, Coseley, Bilston, West Midlands WV14 9BW3
£190K12/200.22 mi1, Smith Close, Bilston, West Midlands WV14 9SG3
£151K09/210.23 mi8, Dawson Avenue, Bilston, West Midlands WV14 9BJ3
£150K05/210.23 mi12, Pugh Road, Woodcross, Bilston, West Midlands WV14 9BN3
£160K08/230.23 mi7, Bate Street, Wolverhampton, West Midlands WV4 6NL3
£230K07/210.24 mi59, Rookery Road, Wolverhampton, West Midlands WV4 6NH3
£138K02/210.25 mi112, Woodcross Lane, Coseley, Bilston, West Midlands WV14 9RU3
£113K12/200.25 mi9, Ettingshall Road, Bilston, West Midlands WV14 9UL3
£158.5K06/210.25 mi7, Ettingshall Road, Bilston, West Midlands WV14 9UL3
£170.5K04/210.26 mi10, Watton Close, Bilston, West Midlands WV14 9SF3
£169K04/210.28 mi27, Robert Wynd, Bilston, West Midlands WV14 9SE3
£180K11/210.28 mi11, Miller Crescent, Bilston, West Midlands WV14 9UZ3
£134.5K05/210.28 mi29, Smout Crescent, Bilston, West Midlands WV14 9BL3
£180K10/230.28 mi13, Smout Crescent, Bilston, West Midlands WV14 9BL3
£178K09/210.29 mi41, Miller Crescent, Bilston, West Midlands WV14 9UZ3
£190K03/230.29 mi4, Miller Crescent, Bilston, West Midlands WV14 9UZ3
£174.9K08/210.29 mi50, Miller Crescent, Bilston, West Midlands WV14 9UZ3
£210K10/230.29 mi1, Miller Crescent, Bilston, West Midlands WV14 9UZ3
£323K05/230.3 mi6, Balking Close, Bilston, West Midlands WV14 9XU3
£60K12/200.3 mi121, Shaw Road, Bilston, West Midlands WV14 9PU3
£198K02/210.32 mi250, Birmingham New Road, Parkfields, Wolverhampton, West Midlands WV4 6NR3
£205K03/230.33 mi45, Hurst Road, Coseley, Bilston, West Midlands WV14 9AA3
£280K04/230.33 mi3, Dunsfold Close, Bilston, West Midlands WV14 9YW3
£158K10/210.33 mi73, Hurst Road, Coseley, Bilston, West Midlands WV14 9EX3
£190K12/200.34 mi1, Lane Road, Lanesfield, Wolverhampton, West Midlands WV4 6NG3
£214.4K09/230.34 mi10, Waddell Close, Bilston, West Midlands WV14 9SA3
£230K12/230.35 mi2, Hinchliffe Avenue, Bilston, West Midlands WV14 9PQ3
£215K02/230.35 mi3, Mount Road, Lanesfield, Wolverhampton, West Midlands WV4 6LS3
£202K08/230.35 mi20, Biddings Lane, Bilston, West Midlands WV14 9NN3
£200K01/210.35 mi50, Mount Road, Lanesfield, Wolverhampton, West Midlands WV4 6NE3
£196K03/210.35 mi58, Mount Road, Lanesfield, Wolverhampton, West Midlands WV4 6NE3
£255K12/230.36 mi9, Mount Road, Lanesfield, Wolverhampton, West Midlands WV4 6LS3
£190K03/230.36 mi83, Mount Road, Lanesfield, Wolverhampton, West Midlands WV4 6LU3
£223K10/230.36 mi79, Mount Road, Lanesfield, Wolverhampton, West Midlands WV4 6LU3
£230.5K10/230.37 mi5, Kipling Avenue, Bilston, West Midlands WV14 9PX3
£198K05/230.37 mi52, Robert Wynd, Bilston, West Midlands WV14 9SB3
£225K11/200.38 mi20, Overfield Drive, Bilston, West Midlands WV14 9XW3
£165K11/200.38 mi28, Upper Ettingshall Road, Coseley, Bilston, West Midlands WV14 9QZ3
£170K08/230.38 mi19, Upper Ettingshall Road, Coseley, Bilston, West Midlands WV14 9QZ3
£237K12/220.38 mi30, Upper Ettingshall Road, Coseley, Bilston, West Midlands WV14 9QZ3
£170K01/240.39 mi32, Turner Avenue, Bilston, West Midlands WV14 9BG3
£155K03/210.4 mi1, Mars Close, Bilston, West Midlands WV14 9JA3
£258K09/230.4 mi444, Birmingham New Road, Bilston, West Midlands WV14 9QB3

Local Rents

42 rents from £795/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.27 mi-3
£1,25003/250.36 mi-3
£1,15011/240.38 miFinney Well Close, Bilston3
£1,25004/250.38 mi-3
£1,15011/240.49 mi-3
£1,20004/250.62 mi-3
£1,19511/240.63 miHavacre Lane, Coseley, Wolverhampton3
£1,20003/250.67 mi-3
£1,20004/250.68 mi-3
£97503/240.69 miBath Street, Sedgley, Dudley, West Midlands, DY33
£1,10001/250.71 mi-3
£79511/240.71 miMount Pleasant Street, Bilston, WV143
£1,19511/240.72 miCranbourne Avenue Ettingshall Park, Wolverhampton, WV43
£1,19511/240.72 mi-3
£1,20011/240.72 miSpring Road, Wolverhampton, West Midlands, WV43
£99511/240.74 mi-3
£1,65004/250.75 mi-3
£1,65004/250.75 mi-3
£1,65004/250.75 mi-3
£1,65004/250.75 mi-3
£1,20011/240.8 miElmdale Road, BILSTON3
£99511/240.81 miBirmingham New Road, Wolverhampton3
£1,00002/240.82 mi-3
£1,30011/240.94 miHockley Road, BILSTON3
£1,30011/240.94 miHockley Road, BILSTON3
£1,00003/240.95 miKings Road, Sedgley3
£1,49002/250.99 mi-3
£1,20011/241.01 miWallbrook Street, Coseley, WV143
£1,25012/241.06 mi-3
£1,20012/241.08 mi-3
£97501/241.08 mi-3
£1,25002/251.09 mi-3
£1,00003/251.1 mi-3
£1,10011/241.13 miColerne Street, WOLVERHAMPTON3
£1,00003/241.14 miTipton Street, Dudley3
£1,30011/241.14 mi-3
£1,10011/241.15 mi-3
£1,30011/241.15 miWard Street, Wolverhampton, West Midlands, WV23
£1,15004/251.16 mi-3
£1,25011/241.16 miColtishall Grove, Wolverhampton, WV23
£1,12511/241.17 miMinith Road, Coseley3
£1,10004/251.23 mi-3

Local Area Statistics

Population in WV14

46,931

Town centre distance

0.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 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 £126,000

March 21, 2025

Listed for £135,000

February 19, 2025

Floor Plans

Description

  • FOR SALE VIA THE MODERN METHOD OF AUCTION (T&C'S APPLY) SUBJECT TO RESERVE PRICE - BUYER FEES APPLY +
  • SEMI-DETACHED FAMILY HOME IN CORNER POSITION WITH NO UPWARD CHAIN - CASH BUYERS - MINING REPORT AVAILABLE +
  • THREE DOUBLE BEDROOMS +
  • 14ft LIVING ROOM PLUS DINING ROOM +
  • 13ft FITTED KITCHEN +
  • LOBBY AREA WITH TWO USEFUL STOARGE ROOMS AND WC OFF +
  • SPACIOUS RECEPTION HALL +
  • FIRST FLOOR BATHROOM +
  • CENTRAL HEATING AND DOUBLE GLAZING +
  • GARDENS TO THE FRONT, SIDE AND REAR +

A spacious family home occupying a quiet position at the head of a pleasant cul-de-sac offered for sale by way of The Modern Method of Auction. This well maintained semi-detached property with three generous sized bedrooms benefits from no upward chain and interior viewing is highly recommended.Cash buyers preferred due to coal mining area. Mining report available upon request.Noteworthy features to this investment opportunity include: central heating, double glazing, two reception rooms, fitted kitchen, lobby with storage areas and WC off, first floor bathroom and three double bedrooms. There are gardens to the front, side and rear.A range of amenities including shops, schools and public transport services are all close to hand.Council Tax Band A.Energy Rating D.Tenure FREEHOLD.Auctioneer Comments.This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with Iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by Iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral Arrangements.The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Skitts Estate Agents, Sedgley

01902 943983

Next Steps?

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