3 Bed Semi-Detached House, Refurb/BRRR, Dudley, DY1 3LR, £75,000

34 Wrens Nest Road, Dudley, DY1 3LR - 4 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 14%
53 m²

ValuationFair Value

Sold Prices£130K - £300K
Sold Prices/m²£1.2K/m² - £3.8K/m²

 

 

Square Metres

53 m²
Price/m²£1.4K/m²

Value Estimate

£75,750

 

 

End Value (After Refurb)

£128,853

Uplift in Value

+72%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£20,854

Bridging Loan Interest

£1,969

Total Cash In

£46,773

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£128,853

Agent Fees (1%)

£1,289

Bridging Loan

£56,250

Bridging Loan Interest

£1,969

Flip Profit

£24,542

Local Sold Prices

50 sold prices from £130K to £300K, average is £182.3K. £1.2K/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£160K02/210.09 mi31, Marigold Crescent, Dudley, West Midlands DY1 3PU3
£180K01/230.09 mi25, Marigold Crescent, Dudley, West Midlands DY1 3PU3
£205K02/210.13 mi198, The Broadway, Dudley, West Midlands DY1 3DR3
£265K11/200.14 mi229, The Broadway, Dudley, West Midlands DY1 3DX3
£265K11/200.16 mi229, The Broadway, Dudley, West Midlands DY1 3DX3
£134.9K10/200.21 mi129, Laurel Road, Dudley, West Midlands DY1 3EY3
£188K11/220.21 mi101, Laurel Road, Dudley, West Midlands DY1 3EY3
£245K11/210.22 mi146, The Broadway, Dudley, West Midlands DY1 3EJ3
£248.5K04/210.22 mi173, The Broadway, Dudley, West Midlands DY1 3EH3
£135K11/200.25 mi52, Holly Road, Dudley, West Midlands DY1 3BN3
£250K01/230.27 mi244, The Broadway, Dudley, West Midlands DY1 3DN3
£135K07/210.3 mi21, Foxglove Road, Dudley, West Midlands DY1 3NQ3
£130K01/210.3 mi37, Foxglove Road, Dudley, West Midlands DY1 3NQ3
£180K01/230.3 mi47, Foxglove Road, Dudley, West Midlands DY1 3NQ3
£155K02/210.32 mi32, Foxglove Road, Dudley, West Midlands DY1 3NG3
£180K04/230.33 mi26, Cedar Road, Dudley, West Midlands DY1 4HW3
£271.5K02/230.34 mi10, Dibdale Road, Dudley, West Midlands DY1 2RU3
£300K09/210.34 mi10, Breamore Crescent, Dudley, West Midlands DY1 3DA3
£214K07/230.34 mi54, Dibdale Road, Dudley, West Midlands DY1 2RU3
£250K11/200.35 mi5, Quenby Drive, Dudley, West Midlands DY1 2GX3
£155K01/210.35 mi126, Old Park Road, Dudley, West Midlands DY1 3ND3
£225K01/230.35 mi160, Old Park Road, Dudley, West Midlands DY1 3ND3
£160K09/210.37 mi76, Foxglove Road, Dudley, West Midlands DY1 3NJ3
£182K09/210.37 mi82, Old Park Road, Dudley, West Midlands DY1 3ND3
£212.5K03/230.38 mi75, Old Park Road, Dudley, West Midlands DY1 3NE3
£192K12/220.38 mi145, Old Park Road, Dudley, West Midlands DY1 3NE3
£285K09/210.38 mi7, Mansion Close, Dudley, West Midlands DY1 2GY3
£300K01/230.38 mi11, Mansion Close, Dudley, West Midlands DY1 2GY3
£235K11/200.38 mi15, Mansion Close, Dudley, West Midlands DY1 2GY3
£182.5K04/210.38 mi83, Old Park Road, Dudley, West Midlands DY1 3NE3
£178.5K06/210.4 mi77, Old Park Road, Dudley, West Midlands DY1 3NE3
£162K10/200.4 mi61, Attingham Drive, Dudley, West Midlands DY1 3HW3
£195K06/210.4 mi52, Old Park Road, Dudley, West Midlands DY1 3NB3
£183K05/210.4 mi62, Old Park Road, Dudley, West Midlands DY1 3NB3
£185K10/210.42 mi34, Vanborough Walk, Dudley, West Midlands DY1 2SQ3
£180K03/210.44 mi5, Magdalen Close, Dudley, West Midlands DY1 2SF3
£200K05/230.44 mi22, Oak Green, Dudley, West Midlands DY1 3QU3
£140K03/210.45 mi9, Oak Green, Dudley, West Midlands DY1 3QU3
£154K03/210.45 mi14, Cherry Green, Dudley, West Midlands DY1 3TJ3
£155K12/200.45 mi32, Salop Street, Dudley, West Midlands DY1 3AT3
£193.5K01/210.45 mi4, Gregory Drive, Dudley, West Midlands DY1 2SH3
£150K11/210.46 mi40, Priory Road, Dudley, West Midlands DY1 4ET3
£152K10/200.46 mi110, Maple Road, Dudley, West Midlands DY1 4HQ3
£155K07/220.46 mi124, Maple Road, Dudley, West Midlands DY1 4HQ3
£154K11/200.47 mi9, Blackthorne Close, Dudley, West Midlands DY1 3TH3
£175K09/210.48 mi9, Cardoness Place, Dudley, West Midlands DY1 2QL3
£184.9K11/200.48 mi12, Cardoness Place, Dudley, West Midlands DY1 2QL3
£242K05/210.48 mi4, Elmstone Close, Dudley, West Midlands DY1 3LZ3
£158K07/230.48 mi2, Ash Green, Dudley, West Midlands DY1 3QJ3
£170K01/230.48 mi37, Linwood Road, Dudley, West Midlands DY1 4DX3

Local Rents

24 rents from £950/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95003/240.06 miMeadow Road, Dudley3
£1,20004/250.06 mi-3
£1,20004/240.27 miThe Broadway, Dudley3
£95004/240.27 miThe Broadway, DUDLEY3
£1,05012/230.29 mi-3
£1,30003/250.31 mi-3
£1,30003/250.31 mi-3
£1,05012/230.32 mi-3
£1,10004/240.33 miBluebell Road, Dudley, DY13
£1,10004/240.33 mi-3
£1,10004/240.33 mi-3
£99501/240.33 mi-3
£1,35012/240.38 miOld Park Road, Dudley3
£1,10005/240.38 miOld Park Road, Dudley, West Midlands, DY13
£1,50005/240.39 miOak Green, Dudley3
£1,30003/250.43 mi-3
£1,20001/250.48 mi-3
£1,25005/240.51 mi-3
£1,25004/240.51 miSomery Road, Dudley, DY13
£1,20012/230.53 mi-3
£1,40005/240.56 miPriory Close, Dudley, West Midlands, DY13
£1,25003/240.58 mi-3
£1,10004/250.61 mi-3
£1,27502/250.61 mi-3

Local Area Statistics

Population in DY1

31,930

Population in Dudley

100,269

Town centre distance

0.60 miles away

Nearest school

0.30 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £75,000

February 20, 2025

Description

  • Freehold Vacant possession upon completion. +

For Sale By Public Auction on 27 March 2025 starting at 08:30 AM - A vacant freehold semi detached property

A semi detached property, standing back from the road behind a foregarden.

Accommodation
Ground Floor: Hall, Reception Room, Kitchen, Understairs Cupboard, WC.
First Floor: Landing, Three Bedrooms, Shower Room/WC.
Outside: Gardens.
The property benefits from having a gas fired central heating system and UPVC double glazing, however it is in need of modernisation.

Energy Performance Rating
C.

Tenure
Freehold Vacant possession upon completion.

Pre-auction Offers
Please note no offers will be considered prior to the Auction Sale.

Auctioneer's Note
Please note that the completion period for this property is 8 weeks (56 days).

Viewing Times
Viewings will be carried out on a block viewing basis. The times and dates will be available from Thursday 6th March 2025, please revisit our website after this date.

Live-Streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. . If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Bond Wolfe, Auctions

0121 387 6767

Next Steps?

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