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Five bargain Black Country properties under £50,000

With the average home in the West Midlands now £239,000 – and rising – according to Zoopla, it is getting increasingly difficult to get on to the property market, especially if you are a first-time buyer.

The Black Country is generally more affordable in the region, with homes in Dudley having an average value of £199,641 and in neighbouring West Bromwich £173,640. But even with a 10% deposit, that still means home owners having to pay more than £600 a month in mortgage repayments over 25 years.

Auctions can be a great place to find a bargain property – with guide prices in the tens of thousands, rather than the hundreds of thousands.

Read more : The cheapest house on the market in Walsall right now

More often than not, they need a lot of time and money spent on them to get them habitable or up to date.

We’ve found five houses in the Black Country that are coming up to auction in the next few weeks and all have a guide price under £50,000.

The guide price is an indication of what level the seller expects to get and must be within 10% of the reserve price.

If the guide price is a single figure, the reserve price is a maximum of 10% more. For instance, if the guide price is £50,000+ the reserve price is a maximum of £55,000.

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However, if the guide price is bracketed, for example £50,000 to £60,000, then the reserve price can be no more than the higher amount, which would be £60,000.

Properties tend to go for far more than the guide price, so be prepared for a bidding war, if any of these take your eye.

Silverthorne Avenue, Tipton

This two-bedroom semi-detached house in Tipton, not far from the Black Country Living Museum, has a guide price of £29,000.

This two-bedroom house has a guide price of £29,000

The auctioneers, Royal Estates, say it is in need of cosmetic improvement and has the potential to be extended at the rear and for the loft to be converted into a third bedroom, subject to planning approvals.

The house has a hallway, one reception room and a kitchen on the ground floor, while upstairs there are two bedrooms and a family bathroom. Outside there is a front garden and driveway that leads to an integrated garage, and at the back there is a patio and good-sized garden.

Viewings have been arranged on Wednesday, December 1, and Saturday, December 11.

To find out more details about the open days and how to bid, visit here.

Anson Road, West Bromwich

Located in the Golds Hill area of West Bromwich, this three-bedroom terraced house has a guide price of £44,000.

The ground floor has a porch, hall, two reception rooms and a kitchen, while the three bedrooms and bathroom are on the first floor. It comes with gas central heating and UPVC double glazing but has an EPC (energy performance certificate) rating of E.

This house in West Bromwich goes under the hammer in December
This house in West Bromwich goes under the hammer in December

This will be one of the lots in Bond Wolfe’s online auction on Wednesday, December 8, starting at 9am.

For the latest on Sandwell,read our Black Country newsletter.

Bidding will be remotely only by proxy, telephone or internet and anyone interested must register to bid no later than noon on Tuesday, December 7.

For more details, visit here.

Aston Road, Willenhall

This vacant, freehold three-bedroom house in Willenhall has a guide price of £20,000.

Set back from the road, with a front garden and driveway, it has three bedrooms but the agents, Bond Wolfe, say it needs to be refurbished.

Downstairs there is a hallway, lounge, dining room, kitchen, plus bathroom and WC with covered side access. The bedrooms are all upstairs.

This Willenhall house needs to be refurbished
This Willenhall house needs to be refurbished

The house is double glazed and it has an EPC (energy performance certificate) of G.

For the latest on Walsall,read our Black Country newsletter.

This will be one of the lots in Bond Wolfe’s online auction on Wednesday, December 8, starting at 9am.

Bidding will be remotely only by proxy, telephone or internet and anyone interested must register to bid no later than noon on Tuesday, December 7.

The auctioneers say it will consider offers before the auction takes place.

Want to find out more? Head here.

St Peter’s Close, Tipton

This three-bedroom semi-detached house in the Great Bridge area of Tipton has a guide price of £44,000.

Double glazed and with gas central heating, it has an EPC (energy performance certificate) rating C and has a hall, reception room, dining kitchen, side passageway, utility room and WC on the ground floor.

This Tipton house has a guide price of £44,000
This Tipton house has a guide price of £44,000

Upstairs you’ll find the three bedrooms and a shower room with WC.

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Outside there is a driveway and good sized front garden and a generous back garden.

This is another of the Bond Wolfe properties that are being auctioned on Wednesday, December 8.

Head here for more details.

Cromwell Drive, Dudley

This three-bedroom house, just a couple of miles from the historic Dudley Castle and Dudley Zoo, has a guide price of £24,000.

Ideal as an investment, this house has a sitting tenant
Ideal as an investment, this house has a sitting tenant

It is being marketed as a freehold residential investment property and has a tenant living there that provides a gross annual income of £6,360 – or £530 per month.

Downstairs there is a hall, two reception rooms and kitchen and upstairs there are three bedrooms, and family bathroom with WC. It is double glazed and is centrally heated.

Stay abreast with the very latest from the region with our Black Country Email Updates.

This is will be going under the hammer on Wednesday, December 8, at the Bond Wolfe auction.

Head here for more details.

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Before you go, please check out our Christmas Brumwish appeal here




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