3 Bed Terraced House, Single Let, Birmingham, B32 3TW, £135,000

Ox Leasow, Birmingham, B32 3TW - 4 views - 10 months ago

Sold STC
Auction
BTL
ROI: 7%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£95K - £372K
Sold Prices/m²£1.3K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£192,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£6,000

Total Cash In

£39,750

 

 

Cash Out

 

Rent Range

£900 - £3,500

Rent Estimate

£1,000

Running Costs/mo

£642

Cashflow/mo

£358

Cashflow/yr

£4,298

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £95K to £372K, average is £179.5K. £1.3K/m² to £4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£150K11/200 mi38, Ox Leasow, Birmingham, West Midlands B32 3TW3
£176.5K11/220.03 mi35, Ox Leasow, Birmingham, West Midlands B32 3TN3
£178K02/240.06 mi18, Bark Piece, Birmingham, West Midlands B32 3TJ3
£135K06/210.08 mi18, County Close, Woodgate, Birmingham, West Midlands B32 3SZ3
£162.5K09/230.08 mi26, County Close, Woodgate, Birmingham, West Midlands B32 3SZ3
£177K03/230.08 mi30, County Close, Woodgate, Birmingham, West Midlands B32 3SZ3
£185K02/240.08 mi32, County Close, Woodgate, Birmingham, West Midlands B32 3SZ3
£153.9K11/200.1 mi56, Warston Avenue, Woodgate Valley, Birmingham, West Midlands B32 3SU3
£138K12/200.1 mi53, Foredraft Close, Birmingham, West Midlands B32 3TP3
£160K11/230.14 mi19, Wood Leasow, Birmingham, West Midlands B32 3SE3
£182K12/230.15 mi25, Middlehill Rise, Birmingham, West Midlands B32 3SS3
£156K03/210.15 mi20, Middlehill Rise, Birmingham, West Midlands B32 3SS3
£210K07/230.15 mi155, Clapgate Lane, Birmingham, West Midlands B32 3DT3
£195K02/240.15 mi54, Bean Croft, Birmingham, West Midlands B32 3TG3
£156K11/200.19 mi34, Glen Side, Birmingham, West Midlands B32 3RU3
£150K10/210.21 mi44, Little Hill Way, Birmingham, West Midlands B32 3RZ3
£160K04/210.24 mi50, Clapgate Lane, Birmingham, West Midlands B32 3DP3
£215K02/230.33 mi3, Simmons Leasow, Birmingham, West Midlands B32 3RR3
£232K02/230.34 mi272, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£194.5K09/210.34 mi296, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£237K08/220.34 mi288, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£167.5K09/210.34 mi123, Ambleside, Birmingham, West Midlands B32 3HX3
£156K03/210.35 mi25, Gravel Bank, Birmingham, West Midlands B32 3SG3
£160K12/200.36 mi9, Green Drive, Birmingham, West Midlands B32 3HU3
£246K11/220.36 mi204, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£175K12/200.37 mi226, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£144K12/200.39 mi329, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£280K03/240.39 mi365, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£179K02/210.39 mi121, Jiggins Lane, Birmingham, West Midlands B32 3EL3
£177K04/230.4 mi52, Simmons Leasow, Birmingham, West Midlands B32 3RP3
£250K05/230.4 mi174, Jiggins Lane, Birmingham, West Midlands B32 3EN3
£231K06/230.41 mi9, The Knoll, Birmingham, West Midlands B32 3HZ3
£210K06/210.43 mi105, Jiggins Lane, Birmingham, West Midlands B32 3LD3
£181K03/230.44 mi15, Kingsbridge Road, Birmingham, West Midlands B32 3EU3
£192K03/210.45 mi294, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£237.3K08/230.45 mi308, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£260K11/220.45 mi354, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£243K12/200.45 mi4, Fernwoods, Birmingham, West Midlands B32 3RL3
£170K06/230.45 mi126, Jiggins Lane, Birmingham, West Midlands B32 3LB3
£180K08/210.45 mi130, Jiggins Lane, Birmingham, West Midlands B32 3LB3
£372K08/240.46 mi30, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£283K07/230.46 mi38, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£140K01/210.47 mi347, Highfield Lane, Quinton, Birmingham, West Midlands B32 1RX3
£182K05/230.48 mi17, Rush Green, Birmingham, West Midlands B32 3BJ3
£247.5K03/230.49 mi18, Hightree Close, Birmingham, West Midlands B32 3QP3
£128.3K10/200.49 mi159, Simmons Drive, Quinton, Birmingham, West Midlands B32 1SP3
£95K02/210.49 mi8, Flavell Close, Birmingham, West Midlands B32 3NY3
£230K09/210.49 mi5, Flavell Close, Birmingham, West Midlands B32 3NY3
£265K05/240.49 mi3, Flavell Close, Birmingham, West Midlands B32 3NY3
£175K03/240.5 mi34, Pickering Croft, Birmingham, West Midlands B32 3LN3

Local Rents

51 rents from £900/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.18 mi-3
£1,00012/240.34 miAmbleside, Bartley Green, B323
£1,20003/250.54 mi-3
£1,10003/250.57 mi-3
£1,15012/240.58 miBigwood Drive, Birmingham, West Midlands, B323
£1,15012/240.58 miBigwood Drive, Birmingham, West Midlands, B323
£1,49512/240.61 mi-3
£1,19503/250.71 mi-3
£1,29512/240.71 miDavena Drive, Quinton, Birmingham3
£1,29512/240.71 miDavena Drive, Quinton, Birmingham3
£1,29512/240.71 miDavena Drive, Quinton, Birmingham3
£1,25012/240.71 miDavena Drive, Quinton, Birmingham3
£2,50012/240.75 mi-3
£1,20002/250.75 mi-3
£1,15001/250.76 mi-3
£1,40012/240.77 miWedgewood Road, Quinton, BIRMINGHAM3
£1,25002/240.78 mi-3
£1,26001/250.78 mi-3
£1,29503/250.79 mi-3
£90012/240.8 miRennie Grove, Quinton, Birmingham3
£1,15003/250.8 mi-3
£1,15003/250.8 mi-3
£1,25001/250.83 mi-3
£1,29512/240.83 miWorlds End Lane, Birmingham, West Midlands, B323
£1,25012/240.84 miWorlds End Lane, Quinton, BIRMINGHAM3
£1,30012/240.85 miDwellings Lane, Quinton3
£3,50012/240.85 mi-3
£1,05003/250.86 mi-3
£1,10012/240.86 miMiddle Meadow Avenue, Quinton3
£1,65003/250.87 mi-3
£1,10012/240.91 miAlwold Road, Weoley Castle, Birmingham3
£1,35012/240.91 mi-3
£1,10003/250.91 mi-3
£3,10012/240.93 mi-3
£1,20012/240.93 miCromwell Lane, BIRMINGHAM3
£1,20012/240.93 mi-3
£1,20012/240.93 mi-3
£95012/240.94 miOverdale Road, Birmingham3
£90012/240.94 miMoors Lane, Northfield, B313
£1,40012/240.94 miVale Close, Harborne, B323
£1,25002/240.95 mi-3
£1,22512/240.95 miAlwold Road, Birmingham, B293
£1,20012/240.95 miAlwold Road, Birmingham, B293
£1,25002/250.95 mi-3
£1,20012/240.98 miStableford Close, Weoley Castle, Birmingham, West Midlands, B323
£1,40002/251.01 mi-3
£1,20012/241.02 miTedstone Road, Quinton, Birmingham, B323
£1,10012/241.04 mi-3
£1,10012/241.04 miPaganel Road, Birmingham, B293
£2,46502/241.04 mi-3
£2,46502/251.04 mi-3

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

5.03 miles away

Nearest school

0.10 miles away

Nearest train station

2.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Price changed to £135,000

December 4, 2024

Listed for £160,000

June 5, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +

  • Subject to an undisclosed Reserve Price +

  • Buyers fees apply +

  • END TERRACE +

  • 3 BEDROOMS +

  • NO CHAIN +

  • LOUNGE +

  • DINING KITCHEN +

SUMMARY
Ideal for first time buyers and investors, call today to book your appointment.

DESCRIPTION
This three bedroom end terrace house is an ideal family home. Comprising of entrance hallway with downstairs W.C, kitchen/diner, spacious living room with patio doors leading to rear garden, three bedrooms, family bathroom

NO CHAIN

CALL TODAY TO BOOK YOUR VIEWING

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Approach 
Set back behind front garden with foot path approach.

Porch 
enclosed porch with further door leading onto the lounge.

Lounge 13' 1" x 15' 1" ( 3.99m x 4.60m )
Warm air central heating, two ceiling light points, tv point, double glazed window, dado rail surround, feature fireplace, open plan staircase with storage underneath.

Guest Cloakroom 
Low flush w.c, ceiling light point, window to front elevation.

Dining Kitchen 16' 10" x 10' 6" ( 5.13m x 3.20m )
Two ceiling light points, modern fitted kitchen with matching base units, sink with drainer, space for washing machine, gas cooker point, part tiling, dining area with ample space for table and chairs, double glazed window and door to rear elevation.

Landing 
Loft access, ceiling light point.

Bedroom 1 13' 4" x 10' 8" ( 4.06m x 3.25m )
Double glazed window to front elevation, ceiling light point, walk-in storage cupboard.

Bedroom 2 10' 3" x 7' ( 3.12m x 2.13m )
Double glazed window, ceiling light point, storage cupboard.

Bedroom 3 8' 5" x 7' ( 2.57m x 2.13m )
Ceiling light point, double glazed window.

Shower Room 
Large walk-in shower with sliding doors, vanity wash hand basin, low flush w.c, heated towel rail, ceiling light point, double glazed window.

Garden 
Low maintenance, paved patio, shrubbery and flower borders.

Agents Note 
Please note we are waiting for probate to be granted, any questions please call

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 - Harborne

0121 387 6257

Next Steps?

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