3 Bed Semi-Detached House, Single Let, Oldbury, B68 9AF, £59,000

Salop Road, Oldbury, B68 9AF - 7 views - a month ago

Auction
BTL
ROI: 30%
~93 m²
+11 photos

ValuationUndervalued

Sold Prices£135K - £375K
Sold Prices/m²£1.6K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£634/m²

Value Estimate

£70,800
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,750

Stamp Duty & Legal Fees

£4,150

Total Cash In

£18,900

 

 

Cash Out

 

Rent Range

£950 - £2,400

Rent Estimate

£846

Running Costs/mo

£374

Cashflow/mo

£472

Cashflow/yr

£5,669

ROI

30%

Gross Yield

17%

Local Sold Prices

50 sold prices from £135K to £375K, average is £205K. £1.6K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£135K04/210.01 mi128, Salop Road, Oldbury, West Midlands B68 9AF3
£135K04/210.01 mi128, Salop Road, Oldbury, West Midlands B68 9AF3
£171K06/210.08 mi50, Elizabeth Crescent, Oldbury, West Midlands B68 9PS3
£211K12/220.08 mi41, Edmonds Road, Oldbury, West Midlands B68 9AT3
£150.5K01/230.08 mi65, Edmonds Road, Oldbury, West Midlands B68 9AT3
£200K07/210.08 mi44, Edmonds Road, Oldbury, West Midlands B68 9AX3
£196.9K08/210.08 mi70, Edmonds Road, Oldbury, West Midlands B68 9AX3
£205K01/230.09 mi39, Princess Road, Oldbury, West Midlands B68 9PX3
£220K05/230.1 mi35, Elizabeth Crescent, Oldbury, West Midlands B68 9PR3
£159K02/210.1 mi63, Elizabeth Crescent, Oldbury, West Midlands B68 9PR3
£200K03/230.11 mi8, Princess Road, Oldbury, West Midlands B68 9PU3
£160K12/200.11 mi5, Eva Road, Oldbury, West Midlands B68 9PQ3
£215K11/230.12 mi65, Hurst Road, Smethwick, West Midlands B67 6LY3
£180K07/210.13 mi82, Princess Road, Oldbury, West Midlands B68 9PW3
£168K04/210.15 mi66, Hurst Road, Smethwick, West Midlands B67 6ND3
£227K08/230.16 mi18, Edmonds Road, Oldbury, West Midlands B68 9AS3
£230K08/210.17 mi17, Bernard Road, Oldbury, West Midlands B68 9AP3
£161K06/210.18 mi39, Eva Road, Oldbury, West Midlands B68 9PH3
£190K04/230.18 mi51, Eva Road, Oldbury, West Midlands B68 9PH3
£205K11/200.19 mi60, Hill Top Road, Oldbury, West Midlands B68 9DU3
£275K10/220.19 mi32, Hill Top Road, Oldbury, West Midlands B68 9DU3
£175K08/210.21 mi9, Salop Road, Oldbury, West Midlands B68 9AA3
£160K10/210.21 mi26, Salop Road, Oldbury, West Midlands B68 9AB3
£182K06/210.21 mi22, Salop Road, Oldbury, West Midlands B68 9AB3
£180K07/230.21 mi159, Hurst Road, Smethwick, West Midlands B67 6LZ3
£205K12/200.22 mi72, Pottery Road, Oldbury, West Midlands B68 9HA3
£213K02/230.22 mi25, Pinkney Place, Oldbury, West Midlands B68 9PE3
£205K05/210.24 mi18, Hurst Road, Smethwick, West Midlands B67 5NZ3
£225K01/230.24 mi43, Hurst Road, Smethwick, West Midlands B67 5NZ3
£223.5K01/230.24 mi162, Princess Road, Oldbury, West Midlands B68 9PN3
£265K09/210.24 mi33, Pottery Road, Oldbury, West Midlands B68 9EX3
£243.5K08/220.25 mi34, Pheasant Road, Smethwick, West Midlands B67 5PD3
£222.5K08/230.25 mi17, Pheasant Road, Smethwick, West Midlands B67 5PD3
£225K03/230.25 mi25, Pheasant Road, Smethwick, West Midlands B67 5PD3
£200K06/210.25 mi54, Pheasant Road, Smethwick, West Midlands B67 5PD3
£184K11/200.25 mi8, Pheasant Road, Smethwick, West Midlands B67 5PD3
£216.3K06/230.25 mi17, Telford Close, Smethwick, West Midlands B67 5PF3
£190K04/230.25 mi7, Telford Close, Smethwick, West Midlands B67 5PF3
£220K06/220.26 mi12, Sandfields Road, Oldbury, West Midlands B68 9NR3
£230K03/210.26 mi42, Sandfields Road, Oldbury, West Midlands B68 9NR3
£180K05/230.26 mi30, Bristnall Hall Crescent, Oldbury, West Midlands B68 9NL3
£170K02/230.27 mi6, Trinder Road, Smethwick, West Midlands B67 5NU3
£215K04/210.27 mi128, George Road, Oldbury, West Midlands B68 9LN3
£215K08/230.28 mi20, The Oval, Smethwick, West Midlands B67 6LG3
£220K06/230.29 mi40, Trinder Road, Smethwick, West Midlands B67 5NX3
£215K06/220.3 mi3, Colman Crescent, Oldbury, West Midlands B68 9LL3
£375K05/230.3 mi46, Pitcairn Road, Smethwick, West Midlands B67 5NE3
£340.5K03/210.3 mi69, Pitcairn Road, Smethwick, West Midlands B67 5NE3
£181K02/230.3 mi101, Harvest Road, Smethwick, West Midlands B67 6NG3
£230K11/220.3 mi172, Bristnall Hall Road, Oldbury, West Midlands B68 9TZ3

Local Rents

25 rents from £950/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20004/250.06 mi-3
£95012/240.27 miGeorge Road, Oldbury3
£95012/240.27 miGeorge Road, OLDBURY3
£1,10012/240.32 miHarvest Road, Smethwick3
£1,60012/240.34 miWoodland, Abby Road, B673
£1,60012/240.34 miWoodland, Pottery Road, Smethwick, Birmingham, B673
£1,30012/240.39 miPryor Road, OLDBURY3
£1,35004/250.4 mi-3
£1,35003/250.41 mi-3
£1,35004/250.41 mi-3
£1,17512/240.41 miHarold Road, Smethwick3
£95012/240.42 miPavilion Avenue, Smethwick3
£1,20003/240.42 mi-3
£1,25004/250.42 mi-3
£1,20012/240.42 miBowling Green Drive, Smethwick, B673
£1,00012/240.44 mi-3
£1,15002/240.48 mi-3
£1,10012/240.49 miWarley Hall Road, OLDBURY3
£2,40003/240.51 mi-3
£1,30012/240.51 mi-3
£1,40002/250.51 mi-3
£1,00012/240.52 miWarwick Close, Oldbury, B683
£1,15012/240.55 miAbbey Crescent, Oldbury3
£1,15012/240.55 miAbbey Crescent, Oldbury3
£1,25012/240.56 mipound road, oldbury, west midlands3

Local Area Statistics

Population in B68

30,924

Population in Oldbury

59,935

Town centre distance

1.34 miles away

Nearest school

0.30 miles away

Nearest train station

1.13 miles away

 

 

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £59,000

March 14, 2025

Description

  • Garage +
  • Rear Garden +
  • Off Road Parking +
  • View more: underthehammer.com +

For Sale by under the hammer online auction. Wednesday 9th - Wednesday 9th April 2025 - Head over to our website to download the legal pack, register to bid and see more information. A freehold semi-detached property located in Oldbury. The property consists of a porch, leading to the lounge, kitchen, bathroom and three bedrooms. The property also boasts a detached single garage.  Externally to the front the property offers off street parking and a garden. To the rear there is a paved and turfed garden. Block viewings are available on this property, ensure you've confirmed your attendance on our website before arriving. VIEWING DAYS & TIME Saturday 22nd March 2025: 12pm Friday 28th March 2025: 11am Tuesday 1st April 2025: 1pm Monday 7th April 2025: 10am Here's what to do next

  • Visit - Our website and view the auction terms.
  • View - Book a viewing directly through our website.
  • Register - Get registered prior to the auction opening date.
  • Legal Pack - Download and view the legal pack to find out all the relevant information.
  • Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
  • Bidding - Everything is completed online through the website and the intuitive bidding controls. If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website

Agent Details

Under The Hammer, Birmingham

03455 120115

Next Steps?

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