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Brynmawr Road, Bilston

West Midlands

£190,000
Listed on 08/09/2024

Property Details

Bedrooms
3
Type
Detached house
Area
957 sqft

Description

This three-bedroom detached house in Bilston offers a solid foundation for renovation and investment, situated in a location that benefits from easy accessibility to the Black Country Route and A4126. Convenient local amenities and shops enhance its appeal for prospective tenants or future owners. Upon entering, you are greeted by an entrance porch leading into a hallway with stairs to the first floor. The ground level features a spacious primary reception room, complemented by a second reception area accessible from the kitchen. The well-sized kitchen provides a functional layout, ideal for modernization or reconfiguration. Additional storage options are available through several built-in cupboards, while an external outbuilding adds versatility for storage or potential conversion. The first floor comprises three comfortable bedrooms bathed in natural light, arranged around a central hallway. A shower room completes this level, offering essential facilities. Outside, the property boasts a generous rear garden that presents ample space for landscaping or extending the home (subject to planning permissions). Driveway parking is also available, providing convenience for residents and visitors alike. It's important to note that due to historical subsidence issues that have been addressed between 2020 and 2023, this property is currently available only to cash buyers. This aspect offers an opportunity for those seeking to invest in a home that could significantly increase in value with the right renovations. Overall, this property not only serves as a comfortable family home but also represents an excellent investment opportunity for those willing to put in some work and creativity. Internal viewing is highly recommended to fully appreciate its potential.

Investment Analysis

(WV4 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£199/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£19,000 - £47,500
10-25% of property value
Target Value
£265,649
10% above area average per sq ft
Potential ROI
+11.9%
After renovation
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (WV4)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 9.1%
5 year growth: 36.2%
Investment Disclaimer: Analysis based on WV4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Brynmawr Road, Bilston
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