3 Bed Terraced House, Single Let, Smethwick, B66 4QY, £180,000

Edith Road, SMETHWICK, B66 4QY - 2 views - a year ago

BTL
ROI: 5%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£50K - £360K
Sold Prices/m²£680/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£174,495

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£996

Running Costs/mo

£782

Cashflow/mo

£214

Cashflow/yr

£2,572

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £50K to £360K, average is £175.5K. £680/m² to £4.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£120K09/210 mi96, Edith Road, Smethwick, West Midlands B66 4QY3
£196K08/230 mi94, Edith Road, Smethwick, West Midlands B66 4QY3
£180K10/220.02 mi51, Edith Road, Smethwick, West Midlands B66 4QX3
£135K11/210.12 mi49, Gilbert Road, Smethwick, West Midlands B66 4PY3
£168K10/230.16 mi114, Montague Road, Smethwick, West Midlands B66 4PW3
£120K02/210.18 mi152, Sycamore Road, Smethwick, West Midlands B66 4NS3
£182K01/230.18 mi139, Sycamore Road, Smethwick, West Midlands B66 4NS3
£145K11/210.18 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£121.5K02/210.18 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£165K02/230.19 mi4, Oliver Road, Smethwick, West Midlands B66 4PL3
£50K05/230.19 mi24, Oliver Road, Smethwick, West Midlands B66 4PL3
£236K12/210.2 mi42, Crown Street, Smethwick, West Midlands B66 4SP3
£118K07/210.21 mi72, Salisbury Road, Smethwick, West Midlands B66 3RX3
£145K04/210.21 mi105, Salisbury Road, Smethwick, West Midlands B66 3RX3
£149K08/210.21 mi51, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£182K06/230.21 mi62, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£276K12/220.21 mi23, Devey Road, Smethwick, West Midlands B66 4ST3
£120K12/200.22 mi25, Laundry Road, Smethwick, West Midlands B66 4PR3
£245K11/230.22 mi2, Kelvin Drive, Smethwick, West Midlands B66 4SU3
£135K12/200.23 mi91, Windmill Lane, Smethwick, West Midlands B66 3EW3
£150K03/210.23 mi9, Salisbury Road, Smethwick, West Midlands B66 3RU3
£190K03/230.23 mi267, Portland Road, Edgbaston, Birmingham, West Midlands B17 8LU3
£166K11/200.25 mi86, Westbury Road, Birmingham, West Midlands B17 8JH3
£176K12/220.26 mi146, Selsey Road, Birmingham, West Midlands B17 8JT3
£185K08/220.27 mi173, Cape Hill, Smethwick, West Midlands B66 4SH3
£228K05/230.27 mi171, Cape Hill, Smethwick, West Midlands B66 4SH3
£175K01/230.27 mi80, Trafalgar Road, Smethwick, West Midlands B66 3SF3
£360K07/220.28 mi2, Deers Way, Birmingham, West Midlands B16 0QQ3
£142K10/210.29 mi90, Trafalgar Road, Smethwick, West Midlands B66 3SA3
£198K04/230.29 mi66, Windmill Lane, Smethwick, West Midlands B66 3ES3
£233K05/210.29 mi27, Brook Way, Birmingham, West Midlands B16 0QR3
£210K08/210.3 mi91, Kinsey Road, Smethwick, West Midlands B66 4SL3
£240K06/210.3 mi78, Barley Road, Birmingham, West Midlands B16 0QE3
£250K11/210.32 mi58, Grange Road, Smethwick, West Midlands B66 4NQ3
£268K10/230.33 mi56, Grange Road, Smethwick, West Midlands B66 4NQ3
£145K11/220.34 mi3, Glencoe Road, Birmingham, West Midlands B16 0PB3
£165K08/230.34 mi43, Capethorn Road, Smethwick, West Midlands B66 4LY3
£215K01/210.34 mi158, Waterloo Road, Smethwick, West Midlands B66 4NE3
£112.5K07/210.36 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£112.5K07/210.36 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£165K06/220.37 mi17, Majuba Road, Birmingham, West Midlands B16 0PD3
£124.5K01/210.37 mi9, Majuba Road, Birmingham, West Midlands B16 0PD3
£210K10/230.37 mi5, New Hope Road, Smethwick, West Midlands B66 3TX3
£168.5K05/220.37 mi25, Majuba Road, Birmingham, West Midlands B16 0PD3
£355K12/220.39 mi30, George Dixon Road, Birmingham, West Midlands B17 8LQ3
£292K06/210.4 mi3, Antler Way, Birmingham, West Midlands B16 0PX3
£160K10/220.4 mi46, Woodlands Street, Smethwick, West Midlands B66 3TE3
£265K05/210.4 mi187, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HJ3
£177.5K08/220.41 mi90, Marlborough Road, Smethwick, West Midlands B66 4DW3
£180K03/210.41 mi117, Ridgeway, Edgbaston, Birmingham, West Midlands B17 8JD3

Local Rents

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

RentDateDistanceAddressBeds 
£1,10012/240.19 miOliver Road, Cape Hill3
£1,29512/240.2 miCrown Street, Smethwick3
£1,75004/250.22 mi-3
£1,15012/240.23 miPortland Road, BIRMINGHAM3
£1,15012/240.23 miPortland Road, Edgbaston3
£1,05012/240.25 miWestbury Road, Edgbaston, B17 8JH3
£1,15011/240.26 mi-3
£1,35012/240.28 miAvery Avenue, Edgbaston, Birmingham, B163
£1,45004/250.29 mi-3
£80012/240.31 miScribbans Close, Smethwick, West Midlands3
£1,20012/240.33 mismethwick, B663
£99002/240.35 mi-3
£1,10012/240.38 mi-3
£1,50003/250.39 mi-3
£1,59502/250.39 mi-3
£1,17503/250.4 mi-3
£4,00004/250.43 mi-3
£1,00003/250.45 mi-3
£1,00004/250.45 mi-3
£1,30003/250.52 mi-3
£1,10012/240.53 miMessenger Road, B663
£1,10012/240.55 miRosefield Road, Smethwick3
£1,00004/250.58 mi-3
£1,15512/240.6 miSmethwick, West Midlands, B673
£1,35001/250.61 mi-3
£1,35004/250.61 mi-3

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Price changed to £180,000

September 26, 2024

Listed for £185,000

April 23, 2024

Floor Plans

Description

  • THREE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • MODERN LIVING +
  • GROUND FLOOR FAMILY BATHROOM +
  • PRIME LOCATION OF SMETHWICK +
  • REAR GARDEN +
  • WALKING DISTANCE TO SMETHWICK HIGH STREET AND DUDLEY ROAD +

SUMMARY
This mid-terraced property is briefly comprising of through lounge, kitchen, three bedrooms, ground floor family bathroom and rear garden. This property is a must view! Don't miss out on this opportunity. 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.

Edith Road 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.

Reception Room One 14' 3" 1 x 11' 2" ( 4.34m 1 x 3.40m )
Window to the front aspect double glazed, laminate flooring with access to the second reception room and UPVC door to the front aspect.

Reception Room Two  12' 8" x 11' 3" ( 3.86m x 3.43m )
Double glazed window to the rear aspect, access to kitchen and stairway to first floor, laminate flooring, ceiling light point, radiator and fire place.

Kitchen 11' 8" x 6' 2" ( 3.56m x 1.88m )
Fitted kitchen with range of wall and base units, tiled flooring, sink with drainer, window to side aspect, part tiled walls, plumbing for washing machine, ceiling light point and radiator.

Bathroom 
Ground floor family bathroom with window to the side aspect double glazed, W.C, wash hand basin, fitted bath, tiled walls and tiled floors, ceiling light point and radiator.

Bedroom One 11' 3" x 13' 4" ( 3.43m x 4.06m )
Double glazed Window to the front aspect, laminate flooring ceiling light point and radiator.

Bedroom Two 11' 3" x 13' 4" ( 3.43m x 4.06m )
Double glazed window to the rear aspect, ceiling light point, laminate flooring and radiator.

Bedroom Three 6' 3" x 10' 11" ( 1.91m x 3.33m )
Double glazed window to the rear aspect, ceiling light point, laminate flooring and radiator.

Rear Garden 

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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