3 Bed Terraced House, Single Let, Smethwick, B66 3PU, £190,000

Corbett Street, Smethwick, B66 3PU - a year ago

BTL
ROI: 3%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£73K - £268K
Sold Prices/m²£785/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£167,400

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£966

Running Costs/mo

£807

Cashflow/mo

£159

Cashflow/yr

£1,909

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £73K to £268K, average is £156.5K. £785/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£135K12/200.13 mi91, Windmill Lane, Smethwick, West Midlands B66 3EW3
£198K04/230.14 mi66, Windmill Lane, Smethwick, West Midlands B66 3ES3
£150K03/210.16 mi9, Salisbury Road, Smethwick, West Midlands B66 3RU3
£118K07/210.18 mi72, Salisbury Road, Smethwick, West Midlands B66 3RX3
£145K04/210.18 mi105, Salisbury Road, Smethwick, West Midlands B66 3RX3
£112.5K07/210.19 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£112.5K07/210.19 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£142K10/210.2 mi90, Trafalgar Road, Smethwick, West Midlands B66 3SA3
£149K08/210.22 mi51, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£182K06/230.22 mi62, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£175K01/230.24 mi80, Trafalgar Road, Smethwick, West Midlands B66 3SF3
£151K04/210.25 mi1, Honiton Walk, Smethwick, West Midlands B66 3HR3
£142K05/230.3 mi51, Cheshire Road, Smethwick, West Midlands B67 6DN3
£126K05/210.3 mi129, Cheshire Road, Smethwick, West Midlands B67 6DN3
£195K07/230.3 mi44, Cheshire Road, Smethwick, West Midlands B67 6DN3
£268K10/230.31 mi56, Grange Road, Smethwick, West Midlands B66 4NQ3
£153K01/210.31 mi37, Rosefield Road, Smethwick, West Midlands B67 6DU3
£185K05/230.31 mi32, Rosefield Road, Smethwick, West Midlands B67 6DU3
£120K09/210.31 mi96, Edith Road, Smethwick, West Midlands B66 4QY3
£196K08/230.31 mi94, Edith Road, Smethwick, West Midlands B66 4QY3
£250K11/210.31 mi58, Grange Road, Smethwick, West Midlands B66 4NQ3
£220K04/210.31 mi18, Burn Close, Smethwick, West Midlands B66 4JE3
£177K12/220.32 mi46, Rosefield Road, Smethwick, West Midlands B67 6DX3
£195K03/230.32 mi44, Rosefield Road, Smethwick, West Midlands B67 6DX3
£80K04/210.32 mi52, Rosefield Road, Smethwick, West Midlands B67 6DX3
£160K10/220.32 mi46, Woodlands Street, Smethwick, West Midlands B66 3TE3
£180K10/220.33 mi51, Edith Road, Smethwick, West Midlands B66 4QX3
£135K11/210.34 mi49, Gilbert Road, Smethwick, West Midlands B66 4PY3
£240K03/230.34 mi15, Firs Lane, Smethwick, West Midlands B67 6AD3
£165K08/230.35 mi43, Capethorn Road, Smethwick, West Midlands B66 4LY3
£120K02/210.35 mi152, Sycamore Road, Smethwick, West Midlands B66 4NS3
£182K01/230.35 mi139, Sycamore Road, Smethwick, West Midlands B66 4NS3
£245K11/230.37 mi2, Kelvin Drive, Smethwick, West Midlands B66 4SU3
£185K08/220.37 mi173, Cape Hill, Smethwick, West Midlands B66 4SH3
£228K05/230.37 mi171, Cape Hill, Smethwick, West Midlands B66 4SH3
£146K05/210.38 mi46, Norton Close, Smethwick, West Midlands B66 3JA3
£133.8K01/230.38 mi69, Parkhill Road, Smethwick, West Midlands B67 6AU3
£215K01/210.39 mi158, Waterloo Road, Smethwick, West Midlands B66 4NE3
£73K02/210.39 mi133, Arden Road, Smethwick, West Midlands B67 6EN3
£168K10/230.4 mi114, Montague Road, Smethwick, West Midlands B66 4PW3
£145K05/210.41 mi15, Woodlands Street, Smethwick, West Midlands B66 3TF3
£145K05/210.41 mi15, Woodlands Street, Smethwick, West Midlands B66 3TF3
£236K12/210.41 mi42, Crown Street, Smethwick, West Midlands B66 4SP3
£210K10/230.42 mi5, New Hope Road, Smethwick, West Midlands B66 3TX3
£210K08/210.42 mi91, Kinsey Road, Smethwick, West Midlands B66 4SL3
£181K08/210.42 mi12, Wellington Road, Smethwick, West Midlands B67 6EX3
£110K10/210.42 mi19, Highfield Road, Smethwick, West Midlands B67 6AP3
£146.3K03/210.43 mi3, Bush Avenue, Smethwick, West Midlands B66 3LD3
£150K12/220.43 mi40, Parkhill Road, Smethwick, West Midlands B67 6AU3
£152K02/210.43 mi33, Parkes Street, Smethwick, West Midlands B67 6BA3

Local Rents

29 rents from £800/mo to £4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,50003/250.08 mi-3
£80012/240.12 miScribbans Close, Smethwick, West Midlands3
£1,20012/240.27 mismethwick, B663
£4,00004/250.28 mi-3
£1,15011/240.29 mi-3
£1,15512/240.29 miSmethwick, West Midlands, B673
£1,10012/240.32 miRosefield Road, Smethwick3
£1,30003/250.32 mi-3
£1,10012/240.32 miMessenger Road, B663
£1,17503/250.36 mi-3
£1,30012/240.37 miCrocketts Lane, Smethwick, Birmingham3
£1,45002/240.37 mi-3
£1,29512/240.41 miCrown Street, Smethwick3
£1,75004/250.42 mi-3
£90012/240.43 miParkhill Road, Smethwick, B673
£97503/250.44 mi-3
£1,30004/250.44 mi-3
£1,50003/240.44 mi-3
£1,10012/240.48 miOliver Road, Cape Hill3
£1,15012/240.52 miPortland Road, BIRMINGHAM3
£1,15012/240.52 miPortland Road, Edgbaston3
£1,05012/240.52 miWestbury Road, Edgbaston, B17 8JH3
£1,20012/240.53 miRoslyn Close, Smethwick, West Midlands, B663
£1,15004/250.53 mi-3
£1,10012/240.54 miGreen Street, Smethwick, Birmingham3
£1,45004/250.55 mi-3
£1,35012/240.59 miAvery Avenue, Edgbaston, Birmingham, B163
£1,40001/250.62 mi-3
£99002/240.62 mi-3

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Listed for £190,000

March 13, 2024

Floor Plans

Description

  • THREE BEDROOM +
  • SPACIOUS LIVING +
  • IDEAL LOCATION +
  • GREAT INVESTMENT +
  • WALKING DISTANCE TO MIDLANDS METROPOLITAN HOSPITAL +
  • 10 MINUTES FROM BIRMINGHAM CITY +
  • GREAT TRANSPORT LINKS WITHIN WALKING DISTANCE +

SUMMARY
This mid terrace property is offered with no chain and briefly comprises of through lounge, kitchen, three bedrooms, ground floor family bathroom and rear garden.

Call our team today to get your viewing booked in on .

DESCRIPTION
This well kept, well presented three bedroom property is within a two mile radius to several train stations, such as; , Smethwick Rolfe Street Station and Smethwick Galton Bridge Station. There are also multiple bus stops within walking distance of the property giving access to the surrounding towns and Birmingham City Centre.

Corbett street has a variety of good schools within a one mile radius, with Crocketts Lane Primary School and Sandwell Academy being the closest.

Doctors surgeries, opticians and dentists are within a one mile radius, also with the access to public transport you should never be pushed for finding any of these.

As well as Birmingham City Centre for shopping needs, there are also the options of Windmills Chopping Centre Smethwick and Bearwood High Street under two miles from the property, giving you a wider range of grocery stores, clothes shops and more.

Front Aspect  
This property is a great investment or for first time buyers, with access via the front door which leads into the first reception room.

Reception Room One 13' 10" x 12' 11" ( 4.22m x 3.94m )
With a double glazed window to the front aspect, and UPVC Front door this property is secure. Laminate flooring throughout the ground floor reception rooms, CLP and Radiator, this room gives access to the second reception room.

Reception Room Two 12' 10" x 12' 1" ( 3.91m x 3.68m )
Opening to the second reception room with a UPVC door giving access to the rear garden, this also allows plenty of light into the second reception room. This room also completed with laminate flooring, clp and radiator.

Kitchen 13' 6" x 8' 6" ( 4.11m x 2.59m )
Following off the second reception room the kitchen itself is very well kept. Fitted kitchen with tiled flooring, wall and base units, sink with drainer, cooked with gas, electric hob and part tiled walls

Family Bathroom 
Ground floor family bathroom with window to the side aspect double glazed, W/C, wash hand basin and fitted bath.

Bedroom One 13' 1" x 12' 10" ( 3.99m x 3.91m )
Window to the front aspect double glazed, ceiling light point and radiator.

Bedroom Two 13' 2" x 12' 5" ( 4.01m x 3.78m )
Window to the rear aspect double glazed, ceiling light point and radiator.

Bedroom Three 13' 1" x 7' 11" ( 3.99m x 2.41m )
Window to the rear aspect double glazed, ceiling light point and radiator.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, B'ham West - Bearwood

0121 387 6256

Next Steps?

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