# 4 bedroom bungalow for sale (WS1 3BE)

## Property Details

| Key | Value |
|-----|-------|
| Address | 23 GORWAY ROAD, WALSALL, WEST MIDLANDS WS1 3BE |
| Price | £424,950 |
| Bedrooms | 4 |
| Last sold | £390,000 Nov 2010 |

## Description

This detached bungalow is located in one of the most highly regarded residential areas of the Borough of Walsall, convenient for all amenities including Walsall Cricket, Rugby and Golf Clubs and Walsall Town Centre.

The spaciously proportioned accommodation can only be fully appreciated from an internal inspection and includes a quite magnificent family room/sitting room at the rear, which could alternatively be used as a games room/entertainment room.

The property affords additional potential for a loft conversion and/or further extension, subject to necessary building and planning regulations, which would then provide a magnificently proportioned, distinctive detached family residence.

Standing in grounds extending to approximately 1/3 of an acre, it briefly comprises the following:- (all measurements approximate)

**BUNGALOW**

**RECEPTION HALL **with wooden flooring, covered hot water radiator, coved ceiling and with loft access.

**REAR DINING ROOM 5.97m x 3.45m (19' 7" x 11' 4") **with wooden flooring, hot water radiator, coved ceiling, wall light point and double glazed patio doors opening to the rear garden.

**SECOND SITTING ROOM/BEDROOM NO 4 (Rear) 4.27m x 4.42m (14' x 14' 6") **with UPVC double glazed window, picture rail, wooden surround fireplace with tiled hearth and inset, gas fire point and hot water radiator.

**REAR LOUNGE 6.10m  into bay x 3.66m (20' x 12') **having as its focal point a feature wooden fireplace with tiled hearth and inset with coal effect gas fire, UPVC double glazed bay window, two wall light points, beamed ceiling, hot water radiator and laminate wood flooring.

** BREAKFAST ROOM/KITCHEN 4.95m x 3.66m (16' 3" x 12') comprising:**

**BREAKFAST AREA **with UPVC double glazed leaded window and laminate wood flooring.

**KITCHEN AREA **with a full range of fitted base and wall cupboards, work surfaces with ceramic tiled splashbacks, inset sink unit with mixer tap above, integrated gas hob with extractor fan above, single electric oven, plumbing for automatic washing machine and with access to the garage area, from which access is gained to the:

**MAGNIFICENT FAMILY ROOM/STUDIO 7.19m x 6.40m (23' 7" x 21') plus additional 1.52m x 4.67m (5' x 15' 4") **with two double panel hot water radiators, wooden flooring, two UPVC double glazed windows and French doors opening to the rear garden.

**GUEST W.C. off.**

**ADDITIONAL STUDY/STORES AREA 5.06m x 1.75m (16' 7" x 5' 9") **with hot water radiator.

**BEDROOM ACCOMMODATION **off the main Hallway, comprising:

**BEDROOM NO 1 (Front) 5.26m x 2.95m (17'3 " x 9' 8") **with UPVC double glazed leaded window, hot water radiator, coved ceiling and picture rail.

**BEDROOM NO 2 (Side) 4.27m x 3.96m (14' x 13') **with hot water radiator, UPVC double glazed window, coved ceiling, wooden flooring and three built-in double wardrobes with cupboard storage above.

**BEDROOM NO 3 (Side) 3.05m x 3.73m (10' x 12' 3") **with UPVC double glazed window, hot water radiator, coved ceiling and picture rail.

**SHOWER ROOM **with corner shower cubicle with "Gainsborough" shower fitment, w.c., pedestal wash hand basin, hot water radiator, two UPVC double glazed windows and coved ceiling.

**OUTSIDE**

**MATURE FOREGARDEN **with lawn, borders, mature trees and an **EXTENSIVE TARMACADAM DRIVEWAY **leading to the:

**SIDE GARAGE 5.13m x 2.82m (16' 10" x 9' 3") **with up-and-over entrance door, concrete flooring and with **SEPARATE CENTRAL HEATING BOILER STORE **off.

**ENCLOSED REAR GARDEN **with large paved patio area leading to mature lawn with borders.

**SERVICES**

Company water, gas, electricity and mains drainage are available at the property.   Please note, however, that no tests have been applied in respect of any services or appliances.

**TENURE**

We are informed by the Vendors that the property is FREEHOLD although we have not had sight of the Title Deeds for confirmation and prospective purchasers are advised to clarify the position via their Solicitors.

**FIXTURES & FITTINGS**

Items in the nature of fixtures and fittings are excluded unless mentioned herein.

**COUNCIL TAX**

We understand from www.voa.gov.uk that the property is currently listed under Council Tax Band F.

**VIEWING**

By application to the Selling Agents on 01922 627686.

AP/DBH/30/07/10

FRASER WOOD (MIDLANDS) LIMITED CAN INTRODUCE YOU TO TONY SHARIF, MORTGAGE ADVISER, FOR FINANCIAL PLANNING AND MORTGAGE ADVICE. Tony Sharif is an Appointed Representative of Openwork Limited which is authorised and regulated by the Financial Services Authority. Openwork Limited offers investment and insurance advice on products from a limited number of product providers and advice on mortgages representative of the whole market. Our fee for this service may be between 0% to 1% of the loan amount depending on your circumstances. Tony can be contacted via the Walsall Office on 01922 707517 or 07973 117941. 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 

NOTE: We endeavour to ensure that our sales details are accurate and reliable, but if there is any point which is of particular importance to you, then please contact the office and we will be happy to check the information. Do so particularly if you are contemplating travelling some distance to view the property. 

© FRASER WOOD 2010

## Property Photos

- ![Photo](/listings/photos/18697282/742093)
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- ![Photo](/listings/photos/18697282/742103)
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- ![Energy Performance Graph](/listings/photos/18697282/742107) - Energy Performance Graph
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## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 23 GORWAY ROAD, WALSALL, WEST MIDLANDS, WS1 3BE | £390,000 | 05/11/2010 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 87 BELVIDERE ROAD, WALSALL, WEST MIDLANDS, WS1 3AU | £765,000 | 16/12/2025 | Detached |
| 12 HIGHGATE CLOSE, WALSALL, WEST MIDLANDS, WS1 3JD | £298,000 | 28/02/2025 | Detached |
| 5 GORWAY GARDENS, WALSALL, WEST MIDLANDS, WS1 3BJ | £560,000 | 13/11/2023 | Detached |
| 9 GORWAY GARDENS, WALSALL, WEST MIDLANDS, WS1 3BJ | £522,500 | 14/06/2023 | Detached |
| 15 ST CATHARINES CLOSE, WALSALL, WEST MIDLANDS, WS1 3TE | £440,000 | 19/10/2022 | Detached |
| 5 JESSON ROAD, WALSALL, WEST MIDLANDS, WS1 3AY | £895,000 | 03/08/2022 | Detached |
| 19 GORWAY GARDENS, WALSALL, WEST MIDLANDS, WS1 3BJ | £510,000 | 28/07/2022 | Detached |
| [Same street] 35A GORWAY ROAD, WALSALL, WEST MIDLANDS, WS1 3BE | £625,000 | 13/05/2022 | Detached |
| 89 BELVIDERE ROAD, WALSALL, WEST MIDLANDS, WS1 3AU | £425,500 | 24/01/2022 | Detached |
| 87 FOLLYHOUSE LANE, WALSALL, WEST MIDLANDS, WS1 3EL | £300,000 | 06/12/2021 | Detached |
| 7 JESSON ROAD, WALSALL, WEST MIDLANDS, WS1 3AY | £950,000 | 22/10/2021 | Detached |
| 64 HIGHGATE ROAD, WALSALL, WEST MIDLANDS, WS1 3JE | £775,000 | 16/08/2021 | Detached |
| 8 ST CATHARINES CLOSE, WALSALL, WEST MIDLANDS, WS1 3TE | £470,000 | 30/06/2021 | Detached |

**Street average:** £625,000 (1 sale)
**Area average:** £575,917 (12 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £369,938 (8 Detached, WS1, 2024–2026)
- **Deviation:** +14.9%

## Rental Range

*ONS Price Index of Private Rents (Walsall). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £817/mo
- **Realistic:** £908/mo
- **Optimistic:** £999/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Black Country (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £922/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 4 Bed Terraced House, Weston St, WS1 | £100/mo | 4 | 0.37 miles | OpenRent |

**Average rent: £100/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.02% (weak for cashflow)
- **Max investor price (0.8%):** £12,500
- **Target investor price (1%):** £10,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £100/mo).*

- **Gross yield:** 0.3%
- **Cost-to-rent:** 354.1×
- **Monthly cashflow:** £-1,608/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -15.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -12.1%
- **10y growth:** 90.1%

## House Price Index (HM Land Registry)

*Official index for Walsall; Detached series; as of March 2026.*

- **1y growth (index):** 1.8%
- **5y growth (index):** 22.2%
- **10y growth (index):** 59.7%

## Flood risk

- **Zone:** 2
- **Risk:** In flood risk area
- **Source:** Environment Agency Flood Risk Areas (APSFR)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)