3 Bed Detached House, Single Let, Solihull, B94 5DN, £950,000

Broad Lane, Tanworth in Arden, B94 5DN - 2 years ago

Sold STC
BTL
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£355K - £1.2M
Sold Prices/m²£2.5K/m² - £6.1K/m²

 

 

Square Metres

~93 m²
Price/m²£10.2K/m²

Value Estimate

£383,359

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£237,500

Stamp Duty & Legal Fees

£65,950

Total Cash In

£303,450

 

 

Cash Out

 

Rent Range

£433 - £7,000

Rent Estimate

£783

Running Costs/mo

£3,145

Cashflow/mo

£-2,362

Cashflow/yr

£-28,348

Gross Yield

1%

Local Sold Prices

20 sold prices from £355K to £1.2M, average is £541K. £2.5K/m² to £6.1K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£430K01/210.17 miChurch View, Broad Lane, Tanworth In Arden, Solihull, Warwickshire B94 5DP3
£1.2M08/210.36 miAldersyde, Broad Lane, Tanworth In Arden, Solihull, Warwickshire B94 5DY3
£750K09/230.44 miBybrook, Poolhead Lane, Tanworth In Arden, Solihull, Warwickshire B94 5ED3
£450K12/220.65 mi3, Springbrook Lane, Earlswood, Solihull, Warwickshire B94 5SG3
£532K12/200.67 mi129, Earlswood Common, Earlswood, Solihull, Warwickshire B94 5SH3
£443K03/210.77 mi9, Bell Field, Tanworth In Arden, Solihull, Warwickshire B94 5AW3
£520K06/210.83 miLeamington Cottage, Vicarage Hill, Tanworth In Arden, Solihull, Warwickshire B94 5AN3
£355K07/210.84 miCobblers Cottage, The Green, Tanworth In Arden, Solihull, Warwickshire B94 5AJ3
£411K05/220.84 miThe Old Boot Shop, The Green, Tanworth In Arden, Solihull, Warwickshire B94 5AJ3
£355K07/210.84 miCobblers Cottage, The Green, Tanworth In Arden, Solihull, Warwickshire B94 5AJ3
£520K06/210.84 miLeamington Cottage, Vicarage Hill, Tanworth In Arden, Solihull, Warwickshire B94 5AN3
£625K02/240.84 miLadbrook Hall North, Penn Lane, Tanworth In Arden, Solihull, Warwickshire B94 5HJ3
£800K07/240.84 miLadbrook Cottage, Penn Lane, Tanworth In Arden, Solihull, Warwickshire B94 5HJ3
£565K07/210.87 miWakefield, Bates Lane, Tanworth In Arden, Solihull, Warwickshire B94 5AR3
£765K11/200.88 miArden House, The Green, Tanworth In Arden, Solihull, Warwickshire B94 5AL3
£850K10/220.88 miBurtons Farm Cottage, Malthouse Lane, Earlswood, Solihull, Warwickshire B94 5DU3
£640K03/230.89 mi69, Earlswood Common, Earlswood, Solihull, Warwickshire B94 5SJ3
£555K03/230.89 mi57, Earlswood Common, Earlswood, Solihull, Warwickshire B94 5SJ3
£356K06/240.89 mi103, Earlswood Common, Earlswood, Solihull, Warwickshire B94 5SJ3
£550K09/230.89 mi86, Earlswood Common, Earlswood, Solihull, Warwickshire B94 5SJ3

Local Rents

33 rents from £433/mo to £7K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£3,20004/250.64 mi-4
£2,20012/240.66 miTithe Barn Lane, Hockley Heath, Solihull, Warwickshire, B944
£1,65002/241.05 mi-2
£1,50007/241.17 mi-3
£2,75008/231.47 mi-3
£1,95012/241.47 miPound House Lane, Hockley Heath2
£3,50002/241.68 mi-3
£3,50012/241.68 miUmberslade Road, Tanworth-In-Arden, Solihull, B943
£7,00012/241.86 miForshaw Heath Road, Solihull, B945
£2,50012/241.93 miIllshaw Heath Road, Solihull, West Midlands, B943
£2,20012/242.17 miGillott Drive, Solihull4
£3,50012/242.18 miNuthurst Lane, Hockley Heath4
£2,99512/242.34 miTanners Green Lane, Birmingham, B473
£1,55001/252.35 mi-3
£1,55001/252.35 mi-3
£1,60012/242.35 mi-3
£1,55012/242.36 miElderberry Road, Shirley, Solihull3
£2,10004/252.4 mi-4
£1,05004/252.43 mi-2
£43312/242.43 miCoppice Walk, B908
£1,40012/242.43 mi-3
£1,40012/242.43 mi-3
£1,30012/242.44 mi-2
£1,30012/242.44 mi-2
£1,17503/252.44 mi-2
£1,02511/242.46 mi-2
£92503/252.46 mi-1
£90012/242.46 mi-1
£92510/242.46 mi-1
£1,15012/232.47 mi-2
£1,15012/232.47 mi-2
£1,35012/242.48 miThe Cottage, Seafield Lane, Portway B48 7HL2
£1,50012/242.48 mi-3

Local Area Statistics

Population in B94

7,291

Population in Solihull

141,829

Town centre distance

6.91 miles away

Nearest school

0.90 miles away

Nearest train station

0.31 miles away

 

 

Rental growth (12m)

+30%

Sales demand

Buyer's market

Capital growth (5yrs)

+11%

Property History

Listed for £950,000

October 4, 2023

Floor Plans

Description

  • Highly Individual Family Home +
  • Set in Around 1.2 Acre of Gardens & Orchard +
  • Planning to Create Separate Dwelling (22/00077/FUL) +
  • Reception Hall & Ground Floor Wet Room +
  • 3 Reception Rooms & Kitchen/Utility +
  • 3 Good Sized Bedrooms +
  • Gas Central Heating +
  • Large Detached Garage & Covered Storage Area Beyond +
  • Easy Access to Solihull & Birmingham Itself +
  • Excellent Potential For Multi Generational Living +

NEW PRICE - SUBSTANTIAL CHARACTER HOME WITH HUGE DEVELOPMENT POTENTIAL INCLUDING CONSENT TO CREATE A FURTHER DWELLING.

A fabulous opportunity to acquire a substantial and pleasantly mature detached house set in approx 1.2 acre of established gardens and orchard on the outskirts of the highly sought after village of Tanworth in Arden. The property is ideally located for easy access to Solihull and the M42 and is an ideal base from which to commute to Birmingham itself to which there are excellent rail links within walking distance.

There is planning consent (22/00077/FUL) for the conversion of the existing garage to a new dwelling and associated works.

Woodend Cottage itself comprises a beautiful characterful home with gas centrally heated accommodation including - Reception Hall, Ground Floor Wet Room, Living Room, Dining Room, Breakfast Room, Kitchen, Utility, Home Office/Hobby Room, Landing, 3 Good Sized double Bedrooms and Family Bathroom.

The grounds are split between formal gardens, vegetable plot and orchard with gates onto both Broad Lane & The Common. There are various outbuildings offering massive potential for those seeking to run a business from home.

There is tremendous scope to extend the property (subject to necessary consents) to create a larger and more substantial family home.In conclusion there is an opportunity to create a separate dwelling or develop a first class multi generation home set in fabulous grounds.

Agent Details

Jeremy McGinn & Co, Stratford-Upon-Avon

01789 336587

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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