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Baynes Street, Hoddlesden

West Midlands

£250,000
Listed on 07/11/2024

Property Details

Bedrooms
4
Type
Semi-detached house
Area
2012 sqft

Description

This property presents a prime development opportunity in the heart of Hoddlesden Village, allowing for the transformation into a generous four-bedroom family home. The approved plans outline a well-thought-out layout that includes two lounges, a study, and an open dining kitchen on the ground floor, complemented by essential utility and cloakroom spaces. Upstairs, you'll find four bedrooms, featuring an en suite and a family bathroom. The exterior provides ample outdoor space for gardens and offers vehicle access from Bayne Street, making it suitable for potential garage construction. This location boasts convenient access to local amenities such as St. Pauls Primary School and nearby shops, along with reliable bus services connecting to surrounding areas. The property's proximity to major road networks enhances its appeal for both family living and investment purposes. Full planning details are available upon request.

Investment Analysis

(BB3 area)

Below Market Value

This property is priced -28.8% below area average per sq ft

-28.8%
Potential saving
This Property
£124/sq ft
Area Average
£174/sq ft
Avg Rent (weekly)
£178
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£386,093
10% above area average per sq ft
Potential ROI
+13.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
58%
Properties sold annually

Local Market Trend (BB3)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +8.2%
5 year growth: +21.0%
Investment Disclaimer: Analysis based on BB3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Baynes Street, Hoddlesden
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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