248 Wellington Road, Bilston, WV14 6RL
BE

248 Wellington Road, Bilston, WV14 6RL

By Berriman Eaton

£ 339,995

Reviews

1 out of 5 stars

Berriman Eaton says ..

Exceptional Investment Opportunity – Detached Property with Five Studio Apartments close to the tram with fast access to Birmingham. An excellent opportunity to acquire a detached property comprising five self-contained studio apartments, all currently let on periodic Assured Shorthold Tenanc...

Property Oracle says ..

The property is located on Wellington Road in Bilston, West Midlands. The area benefits from relatively close proximity to several primary and secondary schools, all within approximately 1km, receiving good or outstanding Ofsted ratings. Transportation links are also reasonably convenient, with several train stations within a 3-7km radius. This suggests a reasonably good location score, although further investigation into the immediate vicinity’s amenities and local character would be beneficial for a more comprehensive assessment.

Based on the provided images, the property appears to be in need of significant modernisation and renovation. The bathrooms and kitchens show dated fixtures and fittings, and some areas exhibit signs of wear and tear. This suggests a low condition score. The property requires significant investment to bring it up to a modern standard.

Information on the plot size is missing, preventing a conclusive assessment of the land score. The presence of a small rear yard is visible in the exterior image, but the overall size and usability of any outdoor space cannot be determined from the provided images.

Considering the list price of £339,995, the average house price in the area of £184,038, and an average price per square foot of £193, the pricing of this property requires further analysis. The lack of square footage information for the subject property and the surrounding properties makes it difficult to assess value per square foot. However, given the apparent need for extensive renovations, the listed price appears high relative to the average house price in the area, suggesting a lower price score. A detailed cost estimate for necessary renovations would be required to provide a more accurate assessment of the property’s value.

Therefore, we give this property 3 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
3
Condition
3
Location
0
Land
0
Bedrooms
5
Bathrooms
5

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
185,714.00 £
Decreased by 7.97 %
from 201,803.00 £
Average area rental value
992.00 £/mo
Increased by 4.53 %
from 949.00 £/mo
Est rental Yield
6.41 %
Increased by 13.65 %
from 5.64 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Berriman Eaton created the listing.

Nearby Schools

NameTypeOfstedDistance
Bilston Church Of England Primary SchoolVoluntary Controlled SchoolGood0.44 KM
Green Park SchoolCommunity Special SchoolGood0.68 KM
Stowlawn Primary SchoolCommunity SchoolGood0.76 KM
East Park AcademyAcademy Sponsor LedOutstanding0.91 KM
Wolverhampton Vocational Training CentreFree Schools SpecialGood0.98 KM

Images

248 Wellington Road-front.jpg studio 1 Studio 1 bathroom Studio 3 bathroom Studio 4 Studio 5 bathroom Studio 1 kitchen Studio 3 kitchen Studio 3 Studio 5 kitchen Studio 4 kitchen Studio 4 bathroom

Nearby Streets

NameAverage PriceAverage SqftDistance
Lambeth Road £ 000.00 KM
A41 £ 000.00 KM
Hawthorn Road £ 000.00 KM
Bridge Close £ 000.00 KM
Burseldon Walk £ 200,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Coseley1143CSY3.04 KM
Wolverhampton1218WVH3.47 KM
Tipton1159TIP5.46 KM
Dudley Port1212DDP7.07 KM

Nearby Listings

AddressPriceTypeScoreDistance
248 Wellington Road, Bilston, WV14 6RL £ 339,995BUY3 / 100.00 KM
Priestfield Street, Bilston £ 220,000BUY7 / 100.18 KM
Wapentake Gardens, Wolverhampton, WV2 £ 220,000BUY7 / 100.19 KM
Stowheath Lane, Wolverhampton £ 90,000BUY7 / 100.28 KM
Tangmere Road, Wolverhampton, WV2 £ 250,000BUY7 / 100.31 KM

Nearby Properties

AddressPriceDistance
228 Wellington Road £ 140,0000.03 KM
220 Wellington Road £ 197,0000.03 KM
248 Wellington Road £ 260,0000.03 KM
129 Wellington Road £ 122,5000.05 KM
167 Wellington Road £ 47,5000.05 KM