3 Bed Semi-Detached House, Single Let, Birmingham, B24 8HR, £220,000

Wheelwright Road, Erdington, Birmingham, B24 8HR - 1 views - a year ago

BTL
ROI: 2%
~93 m²
+24 photos

ValuationOvervalued

Sold Prices£15.8K - £296K
Sold Prices/m²£185/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£189,642

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£850 - £3,350

Rent Estimate

£1,008

Running Costs/mo

£909

Cashflow/mo

£99

Cashflow/yr

£1,187

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £15.8K to £296K, average is £185.5K. £185/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£160K12/200 mi209, Wheelwright Road, Birmingham, West Midlands B24 8HR3
£186K09/210.05 mi398, Tyburn Road, Birmingham, West Midlands B24 8HP3
£172K10/200.09 mi26, Alleyne Road, Birmingham, West Midlands B24 8EL3
£155K05/210.09 mi19, Bracebridge Road, Birmingham, West Midlands B24 8JQ3
£200K10/200.1 mi162, Wheelwright Road, Birmingham, West Midlands B24 8HB3
£155K11/210.12 mi29, Alleyne Road, Birmingham, West Midlands B24 8EJ3
£210K07/210.15 mi2, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£198K10/210.15 mi25, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£225K09/230.15 mi23, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£215K02/230.15 mi468, Tyburn Road, Birmingham, West Midlands B24 8EE3
£215K10/230.15 mi474, Tyburn Road, Birmingham, West Midlands B24 8EE3
£212K05/230.15 mi460, Tyburn Road, Birmingham, West Midlands B24 8EE3
£172.5K09/210.18 mi75, Bracebridge Road, Birmingham, West Midlands B24 8JG3
£185K05/230.2 mi37, Tonbridge Road, Birmingham, West Midlands B24 8ED3
£281K11/210.24 mi33, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£15.8K12/230.25 mi33, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£180K07/210.25 mi27, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£257K01/230.25 mi54, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£235K07/230.25 mi46, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£285K05/210.26 mi35, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£260K07/230.26 mi106, Wheelwright Road, Birmingham, West Midlands B24 8PD3
£223K01/230.27 mi69, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£225K10/200.27 mi77, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£172.5K11/220.28 mi120, Croydon Road, Erdington, Birmingham, West Midlands B24 8JL3
£260K02/230.3 mi150, Erdington Hall Road, Birmingham, West Midlands B24 8JD3
£175K01/210.32 mi68, Downside Road, Birmingham, West Midlands B24 8PH3
£135K09/210.32 mi276, Tyburn Road, Birmingham, West Midlands B24 8LT3
£140K06/210.32 mi63, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR3
£150K01/210.36 mi181, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£167K03/210.36 mi153, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£175K06/230.37 mi190, Hawkesyard Road, Birmingham, West Midlands B24 8LH3
£217K03/230.39 mi25, St Dominics Road, Birmingham, West Midlands B24 8LL3
£290K05/230.4 mi31, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£260K06/220.4 mi29, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£220K06/210.4 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£267K12/220.4 mi19, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£150K01/210.41 mi197, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QX3
£160.5K08/210.41 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£296K01/230.44 mi194, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QY3
£100K04/230.46 mi96, Hawkesyard Road, Birmingham, West Midlands B24 8LF3
£177K04/230.47 mi71, Hawkesyard Road, Birmingham, West Midlands B24 8LP3
£86K05/230.47 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3
£139K07/210.5 mi14, Bisley Grove, Birmingham, West Midlands B24 9RD3
£210K08/230.51 mi161, Wood End Road, Erdington, Birmingham, West Midlands B24 8BL3
£170K04/230.55 mi130, Minstead Road, Birmingham, West Midlands B24 8PX3
£140K06/210.55 mi40, Hawkesyard Road, Birmingham, West Midlands B24 8LE3
£192.5K01/230.56 mi71, Round Road, Birmingham, West Midlands B24 9QY3
£210K01/230.58 mi111, Wood End Road, Erdington, Birmingham, West Midlands B24 8BH3
£147K03/210.6 mi52, Firtree Road, Birmingham, West Midlands B24 9SH3
£160K02/210.6 mi32, Firtree Road, Birmingham, West Midlands B24 9SH3

Local Rents

11 rents from £850/mo to £3.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.05 miTyburn Road, Erdington3
£1,10012/240.25 miAnsell Road, Erdington3
£1,27503/250.4 mi-3
£99512/240.4 miTyburn Road, Birmingham3
£1,20012/240.41 mi-3
£1,20002/240.41 mi-3
£1,25012/240.41 mi-3
£85012/240.55 miMinstead Road,Erdington,Birmingham,B243
£3,35002/240.57 mi-3
£1,20002/250.59 mi-3
£1,40012/240.61 mi-3

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

3.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Price changed to £220,000

January 7, 2025

Price changed to £227,500

December 4, 2024

Price changed to £235,000

September 26, 2024

Listed for £245,000

May 14, 2024

Floor Plans

Description

  • OFFERED FOR SALE WITH NO UPWARD CHAIN +
  • EXCELLENT LOCATION FOR BOTH ROAD AND RAIL ACCESS TO BIRMINGHAM AND SURROUNDING EMPLOYMENT CENTRES +
  • CONVENIENT FOR LOCAL CONVENIENCE SHOPPING IN ERDINGTON CENTRE +
  • CLOSE TO LOCAL SCHOOLS +
  • FRONT FACING LOUNGE +
  • EXTENDED OPEN PLAN THROUGH DINING ROOM AND KITCHEN, CONSERVATORY +
  • THREE SPACIOUS BEDROOMS TO FIRST FLOOR, BATHROOM WITH SHOWER +
  • ATTIC ROOM +
  • REAR GARDENS WITH TREMENDOUS SOUTH FACING LOW MAINTENANCE ASPECT +
  • VIEWING FOR PROCEEDABLE BUYERS ONLY IS STRICTLY BY APPOINTMENT VIA PAUL CARR ERDINGTON OFFICE +

Offered for sale WITH NO UPWARD CHAIN VACANT POSSESSION UPON COMPLETION - this homely larger style three bedroom property is delightfully configured to offer an expansive family home that is bound attract prospective purchasers. The property briefly comprises; outer door giving access into the entrance porch and hallway beyond. Leading off the hallway is the front facing sitting room and open plan presentation extended rear dining areaand delightful kitchen featuring a range of matching units with conservatory beyond. To the first floor are three good size bedrooms and bathroom with shower cubicle. To the rear the gardens have an Southerly aspect view and combine to provide both a low maintenance patio area - all ideal for Al-Fresco dining and as a wonderful family entertainment area. Viewings strictly by appointment and via Paul Carr Erdington for PROCEEDABLE PURCHASERS ONLY.

Agent Details

Paul Carr, Erdington

0121 387 6412

Next Steps?

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