3 Bed Semi-Detached House, Refurb/BRRR, Wolverhampton, WV5 9BU, £225,000

Meadow Lane, Wombourne, WV5 9BU - 2 views - 2 months ago

Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£150.5K - £545K
Sold Prices/m²£1.5K/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£231,750
BMV3%

 

 

End Value (After Refurb)

£280,923

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£36,849

Bridging Loan Interest

£5,906

Total Cash In

£108,705

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£280,923

Mortgage (After Refinance)

£210,692

Mortgage LTV

75%

Cash Released

£41,942

Cash Left In

£66,763

Equity

£70,231

Rent Range

£550 - £4,500

Rent Estimate

£1,201

Running Costs/mo

£1,138

Cashflow/mo

£63

Cashflow/yr

£755

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150.5K to £545K, average is £295.5K. £1.5K/m² to £4.8K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£218K03/230.05 mi24, Wood Road, Wombourne, Wolverhampton, Staffordshire WV5 9DY3
£290.5K05/210.12 mi64, Billy Buns Lane, Wombourne, Wolverhampton, Staffordshire WV5 9BP3
£315K08/230.12 mi62, Billy Buns Lane, Wombourne, Wolverhampton, Staffordshire WV5 9BP3
£200K02/210.2 mi14, Hazel Grove, Wombourne, Wolverhampton, Staffordshire WV5 9EQ3
£265K10/210.23 mi20, Bull Meadow Lane, Wombourne, Wolverhampton, Staffordshire WV5 9DD3
£280K04/210.26 mi19a, Bull Meadow Lane, Wombourne, Wolverhampton, West Midlands WV5 9DE3
£150.5K11/200.3 miHumble Cottage, High Street, Wombourne, Wolverhampton, Staffordshire WV5 9DP3
£295K01/240.3 mi12, Mount Road, Wombourne, Wolverhampton, Staffordshire WV5 9EP3
£335K10/220.3 mi3, Bratch Lane, Wombourne, Wolverhampton, Staffordshire WV5 9AL3
£245K12/230.32 mi5, Mount Close, Wombourne, Wolverhampton, Staffordshire WV5 9ER3
£177.5K04/210.32 mi5, Mount Close, Wombourne, Wolverhampton, Staffordshire WV5 9ER3
£436K06/210.33 mi71, Station Road, Wombourne, Wolverhampton, Staffordshire WV5 9EW3
£320K05/210.34 mi6, Ounsdale Road, Wombourne, Wolverhampton, Staffordshire WV5 9JF3
£262K12/200.34 mi12, Battlefield Hill, Wombourne, Wolverhampton, Staffordshire WV5 0JJ3
£347.5K06/230.34 mi29, Ounsdale Road, Wombourne, Wolverhampton, Staffordshire WV5 9JE3
£273K04/210.35 mi31, Orton Lane, Wombourne, Wolverhampton, Staffordshire WV5 9AN3
£239.9K12/200.35 mi5, Ladywell Close, Wombourne, Wolverhampton, Staffordshire WV5 9AH3
£255K04/210.35 mi14, Ladywell Close, Wombourne, Wolverhampton, Staffordshire WV5 9AH3
£349.9K12/220.35 mi23, Orton Lane, Wombourne, Wolverhampton, Staffordshire WV5 9AN3
£314K06/230.38 mi14, Orton Lane, Wombourne, Wolverhampton, Staffordshire WV5 9AW3
£330K10/230.38 mi8, Orton Lane, Wombourne, Wolverhampton, Staffordshire WV5 9AW3
£325K09/210.38 mi4, Churchward Grove, Wolverhampton, Staffordshire WV5 9HB3
£405K04/230.38 mi8, Churchward Grove, Wolverhampton, Staffordshire WV5 9HB3
£530K04/210.4 mi46, Planks Lane, Wombourne, Wolverhampton, Staffordshire WV5 9HG3
£352K09/220.41 mi46, Bratch Lane, Wombourne, Wolverhampton, Staffordshire WV5 9AB3
£330K03/210.41 mi42, Bratch Lane, Wombourne, Wolverhampton, Staffordshire WV5 9AB3
£342.5K07/220.42 miSunrise, 11a, St Benedicts Road, Wombourne, Wolverhampton, Staffordshire WV5 9HP3
£295.9K02/210.45 mi18, Sutherland Drive, Wombourne, Wolverhampton, Staffordshire WV5 9BB3
£299.9K12/200.45 mi98, Rookery Road, Wombourne, Wolverhampton, Staffordshire WV5 0JG3
£290K12/220.5 mi44, Rennison Drive, Wombourne, Wolverhampton, Staffordshire WV5 9HW3
£265K03/210.5 mi42, Rennison Drive, Wombourne, Wolverhampton, Staffordshire WV5 9HW3
£289.9K03/210.5 mi15, Rennison Drive, Wombourne, Wolverhampton, Staffordshire WV5 9HW3
£273K05/210.5 mi18, Chequers Avenue, Wombourne, Wolverhampton, Staffordshire WV5 9BE3
£307K10/230.52 mi4, Ednam Grove, Wombourne, Wolverhampton, Staffordshire WV5 9AZ3
£285K04/240.53 mi28, Strathmore Crescent, Wombourne, Wolverhampton, Staffordshire WV5 9AS3
£315K11/230.59 mi48, Common Road, Wombourne, Wolverhampton, Staffordshire WV5 0EZ3
£385K06/230.59 mi64, Common Road, Wombourne, Wolverhampton, Staffordshire WV5 0EZ3
£205K01/210.6 mi24, Glendale Drive, Wombourne, Wolverhampton, Staffordshire WV5 0HD3
£205K01/210.6 mi24, Glendale Drive, Wombourne, Wolverhampton, Staffordshire WV5 0HD3
£275K04/210.6 mi17, Bramber Drive, Wombourne, Wolverhampton, Staffordshire WV5 8EQ3
£329.9K06/210.6 mi20, Bramber Drive, Wombourne, Wolverhampton, Staffordshire WV5 8EQ3
£350.5K05/210.64 mi7, Uplands Drive, Wombourne, Wolverhampton, Staffordshire WV5 0HX3
£330K03/210.64 miBrook View, Kirkstone Crescent, Wombourne, Wolverhampton, Staffordshire WV5 8EH3
£271K09/210.64 mi22, Kirkstone Crescent, Wombourne, Wolverhampton, Staffordshire WV5 8EH3
£285K11/200.64 mi42, Kirkstone Crescent, Wombourne, Wolverhampton, Staffordshire WV5 8EH3
£450K06/210.65 mi63, Bratch Lane, Wombourne, Wolverhampton, Staffordshire WV5 8DL3
£545K06/210.65 miBrooklands, Bratch Lane, Wombourne, Wolverhampton, Staffordshire WV5 8DL3
£235K03/230.65 mi30, Redhill Avenue, Wombourne, Wolverhampton, Staffordshire WV5 0HF3
£215K12/220.65 mi53, Common Road, Wombourne, Wolverhampton, Staffordshire WV5 0HE3
£320K02/230.66 mi14, Kirkstone Crescent, Wombourne, Wolverhampton, Staffordshire WV5 8EH3

Local Rents

50 rents from £550/mo to £4.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.57 mi43 Bratch Lane, Wombourne3
£92512/240.62 mi46 Redhill Avenue, Wombourne3
£4,50004/250.63 mi-6
£79505/230.8 mi-2
£70009/240.82 mi-1
£95002/240.89 mi-2
£85012/240.95 mi11 Honeybourne Crescent, Wombourne3
£75012/240.97 miWOMBOURNE, Dickinson Road2
£69512/240.98 mi21 Cygnet Court, Wombourne, South Staffordshire, West Midlands1
£70006/230.99 mi-2
£1,05009/231.05 mi-3
£64512/241.09 miWOMBOURNE, Jenks Road1
£79512/241.12 mi11 Rushwater Close, Wombourne, South Staffordshire2
£75012/241.13 miDean Road, Wombourne, Wolverhampton2
£1,17502/241.18 mi-3
£1,95011/241.23 miShowell Lane, Lower Penn, WV44
£92512/241.23 miBrickbridge Lane, Wombourne2
£89512/241.3 mi44 Millfields Way, Wombourne2
£92511/241.34 miBraden Road, Penn, Wolverhampton2
£1,50011/241.35 mi-4
£79512/241.37 mi1 Mansion Court, Heath House Drive, Wombourne, South Staffordshire1
£1,60003/241.4 miPenn Road, Dudley, West Midlands, DY34
£2,00003/241.4 miPenn Road, Dudley, West Midlands, DY34
£1,60003/241.4 miPenn Road, Dudley, West Midlands, DY34
£1,15003/241.41 miFir Street, Sedgley, Dudley3
£1,60003/241.43 mi-4
£2,00003/241.43 mi-4
£1,25003/241.5 miBAGGERIDGE VILLAGE, Hughes Road3
£75004/251.52 mi-1
£1,25011/241.53 mi-3
£1,40011/241.53 miFairview Road, Wolverhampton3
£1,40011/241.53 miFairview Road, Penn, WOLVERHAMPTON3
£1,00011/241.59 miWynchcombe Avenue, Penn2
£1,60012/241.61 miCroft Cottage, School Road, Trysull3
£2,40003/241.61 miGospel End Road, Gospel End Village , Sedgley, DY3 4AN5
£65011/241.64 miWynchcombe Avenue, Penn, Wolverhampton1
£1,30011/241.69 mi23 Brenton Road, Penn, Wolverhampton3
£55011/241.73 mi-1
£1,20011/241.75 mi-3
£92503/241.76 mi6 Tennyson Road, The Straits, Sedgley3
£77504/251.76 mi-1
£1,50012/241.76 mi-3
£1,29511/241.78 miWakeley Hill, Penn, Wolverhampton3
£1,15003/241.78 miRuskin Avenue, Lower Gornal, Dudley3
£1,40002/251.8 mi-3
£1,49511/241.8 miPinfold Lane, Wolverhampton, WV44
£75002/251.81 mi-2
£1,20011/241.85 mi25 Market Lane, Lower Penn3
£65004/241.9 miTennyson Road, Dudley, West Midlands1
£87511/241.94 miSwan Bank, Wolverhampton3

Local Area Statistics

Population in WV5

15,537

Population in Wolverhampton

260,353

Town centre distance

3.37 miles away

Nearest school

0.10 miles away

Nearest train station

3.94 miles away

 

 

Rental growth (12m)

-25%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £225,000

February 21, 2025

Floor Plans

Description

  • NO UPWARD CHAIN +
  • THREE BEDROOM SEMI-DETACHED HOME IN NEED OF MODERNISATION +
  • SOUTH FACING REAR GARDEN +
  • DETACHED GARAGE +
  • OFF ROAD PARKING +
  • HANDY LOCATION FOR VILLAGE CENTRE AMENITIES +
  • GREAT OPPORTUNITY FOR FIRST TIME BUYERS OR INVESTORS +
  • FREEHOLD. COUNCIL TAX BAND - B. EPC - TBC +

Delightfully positioned three-bedroom semi-detached property, offering an exciting full refurbishment opportunity, set within a popular residential area and boasting fantastic potential throughout. Ideally located with convenient access to local amenities, this property is perfect for those looking to create a dream family home. Upon entering, you are greeted by a hallway leading to a bright and spacious living room, stretching the full length of the property and featuring an electric fireplace as its focal point. The kitchen offers a selection of wall and base units, built-in storage, and direct access to the side entrance. The first floor presents three well-proportioned bedrooms, a family bathroom, a separate WC, and a generous landing space complete with additional storage. The exterior offers plenty of practical features, including a private driveway to the front, leading to both the front and side entrances. To the rear, a detached garage, additional outside stores, and a private lawned garden with patio areas provide ample outdoor space and versatility. This property holds fantastic potential and is ideal for those eager to take on a project. Don’t miss out—contact our local team today to arrange your viewing! We are advised that this property is: Freehold. Council Tax Band - B. EPC - tbc

Agent Details

Bartlams, Wombourne

01902 943318

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪