3 Bed Terraced House, Refurb/BRRR, West Bromwich, B70 6HN, £210,000

12 Nicholls Street, WEST BROMWICH B70 6HN - 6 views - 19 days ago

Motivated
Refurb/BRRR
ROI: 6%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£124K - £385K
Sold Prices/m²£1.2K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£193,294

 

 

End Value (After Refurb)

£204,663

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Refurb Costs

£36,860

Bridging Loan Interest

£5,513

Total Cash In

£110,022

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,663

Mortgage (After Refinance)

£153,497

Mortgage LTV

75%

Cash Left In

£110,022

Equity

£51,166

Rent Range

£900 - £3,500

Rent Estimate

£1,518

Running Costs/mo

£963

Cashflow/mo

£555

Cashflow/yr

£6,658

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £124K to £385K, average is £213.5K. £1.2K/m² to £3.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£136K01/230.05 mi29, Poplar Avenue, West Bromwich, West Midlands B70 6HP3
£150K01/210.13 mi33, Legge Street, West Bromwich, West Midlands B70 6HE3
£147K03/230.13 mi41, Legge Street, West Bromwich, West Midlands B70 6HE3
£227K11/210.21 mi7, St Christopher Close, West Bromwich, West Midlands B70 6TY3
£216.5K12/200.21 mi35, St Christopher Close, West Bromwich, West Midlands B70 6TY3
£233K07/210.27 mi36, Europa Avenue, West Bromwich, West Midlands B70 6TS3
£172K10/220.3 mi59, Burlington Road, West Bromwich, West Midlands B70 6LE3
£190K11/210.32 mi8, Boulton Square, West Bromwich, West Midlands B70 6NP3
£280K09/220.34 mi4, Salters Vale, West Bromwich, West Midlands B70 6QS3
£277K04/230.34 mi10, Salters Vale, West Bromwich, West Midlands B70 6QS3
£188K05/210.36 mi39, Springfield Crescent, West Bromwich, West Midlands B70 6LN3
£190K01/210.36 mi20, Springfield Crescent, West Bromwich, West Midlands B70 6LN3
£339K06/230.37 mi5, St Martins Close, West Bromwich, West Midlands B70 6TE3
£270K01/230.42 mi63a, Roebuck Lane, West Bromwich, West Midlands B70 6QP3
£247K08/220.42 mi9, St Davids Close, West Bromwich, West Midlands B70 6TF3
£130K11/200.45 mi17, St Edmunds Close, West Bromwich, West Midlands B70 6TG3
£230K06/210.46 mi2, St Kenelms Close, West Bromwich, West Midlands B70 6TQ3
£375K09/210.47 mi63, Lloyd Street, West Bromwich, West Midlands B71 4AS3
£205K02/210.48 mi6, Fitzguy Close, West Bromwich, West Midlands B70 6RU3
£160K10/210.49 mi24, Newhall Street, West Bromwich, West Midlands B70 7DJ3
£260K12/220.49 mi50, Newhall Street, West Bromwich, West Midlands B70 7DJ3
£250K02/230.5 mi19, Newhall Street, West Bromwich, West Midlands B70 7DD3
£150K03/210.52 mi6, Freda Road, West Bromwich, West Midlands B70 6EG3
£210K06/230.52 mi6, Freda Road, West Bromwich, West Midlands B70 6EG3
£200K01/210.54 mi85, Roebuck Lane, West Bromwich, West Midlands B70 6QX3
£215K10/220.56 mi36, Glover Street, West Bromwich, West Midlands B70 6DU3
£385K05/230.57 mi1a, Salters Lane, West Bromwich, West Midlands B71 4BG3
£326K07/210.57 mi7, Salters Lane, West Bromwich, West Midlands B71 4BG3
£150K02/210.58 mi6, Ellison Street, West Bromwich, West Midlands B70 7ES3
£190K03/210.58 mi8, Ellison Street, West Bromwich, West Midlands B70 7ES3
£307K06/230.58 mi10, Summerfield Avenue, West Bromwich, West Midlands B70 8SS3
£160K08/230.6 mi9, Slaithwaite Road, West Bromwich, West Midlands B71 4BD3
£249K07/230.6 mi9, Albion Field Drive, West Bromwich, West Midlands B71 4HN3
£141.5K06/210.63 mi45, Hallam Street, West Bromwich, West Midlands B71 4HF3
£160K01/210.63 mi8, Grafton Road, West Bromwich, West Midlands B71 4EH3
£225K04/230.64 mi35, Kiniths Way, West Bromwich, West Midlands B71 4BP3
£155K08/210.64 mi24, Sheridan Street, West Bromwich, West Midlands B71 4EF3
£155K03/210.65 mi11, Sheridan Street, West Bromwich, West Midlands B71 4EE3
£345K09/220.67 mi15, Warstone Drive, West Bromwich, West Midlands B71 4BH3
£367.5K08/230.67 mi23, Warstone Drive, West Bromwich, West Midlands B71 4BH3
£235K07/230.68 mi115, Bratt Street, West Bromwich, West Midlands B70 8SB3
£305K04/210.69 mi50, Dagger Lane, West Bromwich, West Midlands B71 4BS3
£365K06/210.69 mi104, Dagger Lane, West Bromwich, West Midlands B71 4BS3
£222K06/230.7 mi1, Graham Road, West Bromwich, West Midlands B71 4ED3
£212K03/210.7 mi17, Graham Road, West Bromwich, West Midlands B71 4ED3
£150K05/210.7 mi54, Grafton Road, West Bromwich, West Midlands B71 4EB3
£185K02/210.74 mi48, Edward Street, West Bromwich, West Midlands B70 8NU3
£235K03/220.75 mi7, Sandwell Road, West Bromwich, West Midlands B70 8TQ3
£155K09/210.76 mi39, Grange Road, West Bromwich, West Midlands B70 8PB3
£124K01/210.77 mi86, Hargate Lane, West Bromwich, West Midlands B71 1PL3

Local Rents

11 rents from £900/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,05002/250.07 mi-3
£1,20012/240.19 miJesson Street, WEST BROMWICH3
£3,50012/230.19 mi-3
£2,40003/240.19 mi-3
£1,50002/240.28 mi-3
£1,30012/240.33 mi-3
£1,19512/240.41 miThe Pavilions, WEST BROMWICH3
£1,35012/240.44 miBirmingham Road, West bromwich3
£1,35012/240.44 miBirmingham Road, West Bromwich3
£95012/240.57 miVictoria Street, West Bromwich,West Midlands, B703
£90012/240.59 miGill Street, WEST BROMWICH3

Local Area Statistics

Population in B70

27,772

Population in West Bromwich

58,705

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £210,000

March 27, 2025

Floor Plans

Description

  • EXTENDED TO THE REAR +
  • LARGE FLOORPLAN +
  • ON ROAD PARKING +
  • MOTIVATED SELLER +
  • SUITABLE FOR FIRST TIME BUYERS +
  • SUITABLE FOR INVESTORS +

SUMMARY
A very deceptive three bedroom mid-terrace family home situated in a Town Centre location. The property is presented well throughout and in need of light renovation. Ideal for first time buyers or a growing family. Viewing is highly advised to appreciate the size of this beautiful home.

DESCRIPTION
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Entrance 
Having door to the front elevation and further door into the entrance hall.

Entrance Hall 
Having door to the front elevation, stairs to the first floor, storage cupboard, central heating radiator and doors to.

Reception Room 13' x 10' 7" ( 3.96m x 3.23m )
Having a double glazed window to the front elevation, fire and central heating radiator.

Living Room 13' 11" x 10' 7" ( 4.24m x 3.23m )
Having a double glazed window to the rear elevation, central heating radiator, this is currently being occupied as a bedroom.

Dining Room 8' 9" x 14' 8" ( 2.67m x 4.47m )
Having double glazed window to the side elevation, central heating radiator and door to kitchen and rear garden.

Kitchen 11' 8" x 8' 6" ( 3.56m x 2.59m )
Having a double glazed window to the side elevation, fitted kitchen with a range of wall and base units, with worksurfaces over, stainless steel sink and drainer, cooker point, plumbing for appliances, central heating boiler, central heating radiator and door to inner lobby.

Inner Lobby 
Having doors to the rear garden and to shower room.

Downstairs Shower Room 8' 8" x 6' 6" ( 2.64m x 1.98m )
Having a double glazed window to the side elevation, fully tiled, walk in shower area, low level WC, vanity wash hand basin, heated towel rail and extractor fan.

Landing 
Having a double glazed window to the rear elevation, stairs from the entrance hall and doors to.

Bedroom Two 12' 5" x 10' 4" ( 3.78m x 3.15m )
Having a double glazed window to the front elevation and central heating radiator.

Bedroom One 11' 2" x 13' 2" ( 3.40m x 4.01m )
Having a double glazed window to the rear elevation and central heating radiator.

Bedroom Three 6' 6" x 9' 9" ( 1.98m x 2.97m )
Having a double glazed window to the front elevation and central heating radiator.

Front Garden 
Having surrounding wall with gate and fully paved area.

Rear Garden 
Having paved area, lawn area and surrounding trees and shrubs.

Agent Notes 
It is our understanding that the Property is not registered at the Land Registry
which is the case with a significant proportion of land across England and Wales. Your
conveyancer will take the necessary steps and advise you accordingly

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Paul Dubberley & Co, West Bromwich

0121 387 6372

Next Steps?

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