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3 Bed Semi-Detached House, Refurb/BRRR, Bilston, WV14 9HN, £185,000

Bourne Street, COSELEY, WV14 9HN - 3 views - a month ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£122K - £325K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£186,850

 

 

End Value (After Refurb)

£219,408

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£36,800

Bridging Loan Interest

£4,856

Total Cash In

£100,106

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£219,408

Mortgage (After Refinance)

£164,556

Mortgage LTV

75%

Cash Released

£25,806

Cash Left In

£74,300

Equity

£54,852

Rent Range

£795 - £1,650

Rent Estimate

£1,289

Running Costs/mo

£963

Cashflow/mo

£326

Cashflow/yr

£3,907

ROI

4%

Gross Yield

8%

Local Sold Prices

52 sold prices from £122K to £325K, average is £185.3K. £1.5K/m² to £4.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£200K03/210.08 mi36, King Street, Coseley, Bilston, West Midlands WV14 9HL3
£240K02/230.09 mi17, Bourne Street, Woodsetton, Dudley, West Midlands DY3 1AF3
£210K12/220.09 mi18, Corfe Road, Bilston, West Midlands WV14 9HP3
£187K03/210.1 mi2, Corfe Road, Bilston, West Midlands WV14 9HP3
£166K06/210.1 mi4, Corfe Road, Bilston, West Midlands WV14 9HP3
£247.5K12/230.1 mi9, Corfe Road, Bilston, West Midlands WV14 9HP3
£129.9K11/200.11 mi57, Andersleigh Drive, Bilston, West Midlands WV14 9AY3
£220K05/230.15 mi24, Elmdale Road, Bilston, West Midlands WV14 9AU3
£223.2K07/230.15 mi86, Elmdale Road, Bilston, West Midlands WV14 9AU3
£170K03/210.17 mi8, Lime Street, Bilston, West Midlands WV14 9HQ3
£270K11/230.19 mi10, Maple Close, Bilston, West Midlands WV14 9TP3
£197.5K05/210.19 mi11, Cedar Avenue, Bilston, West Midlands WV14 9TN3
£165K04/210.2 mi183, Turls Hill Road, Bilston, West Midlands WV14 9HH3
£169.9K12/200.2 mi145, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£205K11/230.2 mi106, Ivyhouse Lane, Bilston, West Midlands WV14 9LA3
£325K12/200.24 mi1, Reynards Close, Dudley, West Midlands DY3 1AH3
£155K11/210.25 mi13, Beechfield Grove, Bilston, West Midlands WV14 9TJ3
£125K01/210.26 mi1, Clayton Road, Bilston, West Midlands WV14 9TG3
£240K09/220.26 mi58, Horace Street, Coseley, Bilston, West Midlands WV14 9HX3
£162.5K09/210.27 mi4a, Providence Row, Bilston, West Midlands WV14 9LE3
£263K09/230.27 mi21, Providence Row, Bilston, West Midlands WV14 9LE3
£142K05/210.28 mi24, Grange Road, Bilston, West Midlands WV14 9TD3
£175K06/230.28 mi13, Quilter Close, Coseley, Bilston, West Midlands WV14 9AX3
£185K03/210.28 mi11, Greenoak Crescent, Bilston, West Midlands WV14 9TS3
£185.5K10/210.28 mi14, Greenoak Crescent, Bilston, West Midlands WV14 9TS3
£122K01/210.31 mi125, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£133.5K02/210.31 mi91, Ivyhouse Lane, Bilston, West Midlands WV14 9JX3
£175K07/230.31 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£175K07/230.31 mi16, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£190K02/240.31 mi36, Chad Road, Coseley, Bilston, West Midlands WV14 9TE3
£222K02/210.31 mi6, Flowerdale Close, Coseley, Bilston, West Midlands WV14 9QT3
£184.9K11/200.32 mi57, Berrington Drive, Coseley, Bilston, West Midlands WV14 9QH3
£190K09/210.32 mi67, Berrington Drive, Coseley, Bilston, West Midlands WV14 9QH3
£293K03/210.32 mi30, Hospital Lane, Coseley, Bilston, West Midlands WV14 9LF3
£160K03/230.32 mi12, Clifton Street, Coseley, Bilston, West Midlands WV14 9EY3
£220K10/230.33 mi33, Chad Road, Coseley, Bilston, West Midlands WV14 9TF3
£250K01/230.33 mi9, Crowesbridge Mews, Bilston, West Midlands WV14 9LY3
£219.9K01/210.34 mi89, Clifton Street, Coseley, Bilston, West Midlands WV14 9HB3
£198K11/210.34 mi69, Clifton Street, Coseley, Bilston, West Midlands WV14 9HB3
£215K11/230.34 mi69, Clifton Street, Coseley, Bilston, West Midlands WV14 9HB3
£300K11/220.36 mi15, Bancroft Close, Coseley, Bilston, West Midlands WV14 9UB3
£150K07/210.37 mi5, Bosworth Close, Woodsetton, Dudley, West Midlands DY3 1BJ3
£161K07/230.37 mi12, Bosworth Close, Woodsetton, Dudley, West Midlands DY3 1BJ3
£185K12/200.37 mi42, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£218K06/210.37 mi56, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£235K10/210.37 mi20, Ward Street, Coseley, Bilston, West Midlands WV14 9LQ3
£178K08/230.37 mi45, Upper Ettingshall Road, Coseley, Bilston, West Midlands WV14 9QS3
£144K11/200.37 mi41, Marlborough Road, Woodsetton, Dudley, West Midlands DY3 1BH3
£170K04/210.38 mi5, Somerford Way, Bilston, West Midlands WV14 9QL3
£185K09/230.38 mi10, Rock Road, Bilston, West Midlands WV14 9HA3
£185K09/230.38 mi10, Rock Road, Bilston, West Midlands WV14 9HA3
£180K03/210.39 mi24, Park Road, Woodsetton, Dudley, West Midlands DY1 4JJ3

Local Rents

11 rents from £795/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£99511/240.04 mi-3
£1,20011/240.15 miElmdale Road, BILSTON3
£1,30011/240.16 miHockley Road, BILSTON3
£1,30011/240.16 miHockley Road, BILSTON3
£79511/240.4 miMount Pleasant Street, Bilston, WV143
£1,65004/250.44 mi-3
£1,65004/250.44 mi-3
£1,65004/250.44 mi-3
£1,65004/250.44 mi-3
£1,10001/250.55 mi-3
£1,25012/240.57 mi-3

Links

Local Area Statistics

Population in WV14

46,931

Town centre distance

1.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+48%

Property History

Listed for £185,000

March 15, 2025

Description

  • SEMI-DETACHED PROPERTY WITH NO UPWARD CHAIN +
  • POPULAR LOCATION CLOSE TO AMENITIES +
  • LIVING ROOM WITH GAS FIRE AND BAY WINDOW +
  • DINING ROOM WITH GAS FIRE +
  • KITCHEN AREA +
  • STYLISH DOWNSTAIRS SHOWER ROOM +
  • FIRST FLOOR BATHROOM +
  • CENTRAL HEATING AND DOUBLE GLAZING +
  • OFF ROAD PARKING PLUS GARAGE +
  • PRIVATE AND ENCLOSED REAR GARDEN +

A semi-detached property situated in a popular residential area, requiring modernisation works but offering great potential and interior viewing is highly recommended. This three bedroom family home is for sale with no upward chain and benefits from central heating, double glazing, off road parking plus garage and an enclosed garden to the rear.

Further highlights include: two reception rooms, kitchen area, stylish downstairs shower room, first floor bathroom, two double bedrooms and one single bedroom.

The property is ideally located, having the benefit of a range of local amenities including shops and schools close to hand, with easy access and transport links into Wolverhampton City Centre and surrounding areas.

Mining report available upon request.

Council Tax Band C.
Energy Rating TBC.
Tenure FREEHOLD.

Agent Details

Skitts Estate Agents, Sedgley

01902 943983

Next Steps?

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

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