2 Bed Terraced House, Single Let, West Bromwich, B70 0NS, £170,000

New Swan Lane, West Bromwich, B70 0NS - 1 views - 10 months ago

BTL
ROI: 4%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£82K - £230K
Sold Prices/m²£988/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£145,505

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£795 - £1,250

Rent Estimate

£900

Running Costs/mo

£731

Cashflow/mo

£169

Cashflow/yr

£2,025

ROI

4%

Gross Yield

6%

Local Sold Prices

35 sold prices from £82K to £230K, average is £160K. £988/m² to £3.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£200K12/220.03 mi2, Cygnet Road, West Bromwich, West Midlands B70 9RH2
£148K07/210.17 mi38a, Meyrick Road, West Bromwich, West Midlands B70 0JL2
£100K11/200.37 mi58, Hayes Street, West Bromwich, West Midlands B70 9NF2
£194K08/230.39 mi16, Abbey Close, West Bromwich, West Midlands B71 1NY2
£110K11/200.41 mi9, Whyley Street, West Bromwich, West Midlands B70 9LX2
£150K04/210.46 mi34, Mason Street, West Bromwich, West Midlands B70 9NN2
£195K04/220.5 mi2, Kimbley Rise, West Bromwich, West Midlands B71 2DE2
£138K01/210.51 mi78, Railway Street, West Bromwich, West Midlands B70 9HU2
£156K02/230.51 mi56, Railway Street, West Bromwich, West Midlands B70 9HU2
£170K06/210.52 mi9, Trotters Lane, West Bromwich, West Midlands B71 2QF2
£215K03/230.56 mi40, Bedford Road, West Bromwich, West Midlands B71 2RS2
£167K02/210.63 mi33, Sussex Avenue, West Bromwich, West Midlands B71 1AY2
£185K02/230.63 mi41, Tiverton Drive, West Bromwich, West Midlands B71 1DA2
£162K07/210.63 mi14, Tiverton Drive, West Bromwich, West Midlands B71 1DA2
£195K06/230.65 mi58, Harvills Hawthorn, West Bromwich, West Midlands B70 0UQ2
£230K01/230.66 mi13, Devon Crescent, Hateley Heath, West Bromwich, West Midlands B71 1BQ2
£142K10/210.68 mi93, Greets Green Road, West Bromwich, West Midlands B70 9ES2
£191K08/230.69 mi31, Nelson Street, West Bromwich, West Midlands B71 1EE2
£154K07/210.72 mi14, Edwin Phillips Drive, West Bromwich, West Midlands B71 2AZ2
£169K03/210.74 mi76, Coles Lane, West Bromwich, West Midlands B71 2QW2
£188K03/230.75 mi100, Coles Lane, West Bromwich, West Midlands B71 2QW2
£202K10/220.75 mi112, Coles Lane, West Bromwich, West Midlands B71 2QW2
£180K09/230.75 mi53, Lynton Avenue, West Bromwich, West Midlands B71 2QZ2
£144K03/230.76 mi1, Pleasant Street, Hill Top, West Bromwich, West Midlands B70 0RF2
£129.5K06/220.78 mi49, Vowles Road, West Bromwich, West Midlands B71 1AT2
£135K06/210.82 mi8, Wilford Road, West Bromwich, West Midlands B71 1QZ2
£155K11/200.87 mi3, Durham Drive, West Bromwich, West Midlands B71 1HS2
£136K03/210.93 mi20, Stoney Lane, West Bromwich, West Midlands B71 4EP2
£227K06/210.96 mi18, Sandwell Road North, West Bromwich, West Midlands B71 4JB2
£172.5K04/210.98 mi121, Winchester Road, West Bromwich, West Midlands B71 2NY2
£115K06/210.99 mi44, St Clements Lane, West Bromwich, West Midlands B71 4EU2
£160K10/230.99 mi56, St Clements Lane, West Bromwich, West Midlands B71 4EU2
£140K12/200.99 mi48, St Clements Lane, West Bromwich, West Midlands B71 4EU2
£146K09/210.99 mi2, Cranbourne Place, West Bromwich, West Midlands B71 4HD2
£82K05/211 mi91, Clifford Road, West Bromwich, West Midlands B70 8JT2

Local Rents

28 rents from £795/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95011/240.21 mi-2
£90012/240.21 mi-2
£90002/250.21 mi-2
£95003/240.26 mi-2
£1,00001/250.29 mi-2
£1,00001/250.32 mi-2
£1,10002/250.32 mi-2
£1,25012/240.32 mi-2
£1,00002/250.32 mi-2
£1,10001/250.32 mi-2
£1,00001/250.32 mi-2
£1,00001/250.32 mi-2
£1,25004/250.32 mi-2
£1,00002/250.32 mi-2
£1,00004/250.32 mi-2
£1,10004/250.32 mi-2
£1,10004/250.32 mi-2
£90001/240.36 mi-2
£90001/240.36 mi-2
£90012/240.37 miHayes Street, West Bromwich2
£1,00004/240.38 mi-2
£1,00012/240.38 mi-2
£1,00012/240.38 miLiberty Lane, West Bromwich, B702
£90002/250.45 mi-2
£1,00004/250.45 mi-2
£79512/240.45 miCarters Green, WEST BROMWICH2
£95004/250.46 mi-2
£94504/250.6 mi-2

Local Area Statistics

Population in B70

27,772

Population in West Bromwich

58,705

Town centre distance

0.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Price changed to £170,000

December 28, 2024

Listed for £180,000

July 9, 2024

Floor Plans

Description

  • WALKING DISTANCE TO BLACK LAKE +
  • MAJOR BUS LINKS ON HILL TOP +
  • EASY ACCESS TO THE HIGH STREET AND THE NEW SQUARE +
  • CATCHMENT FOR GEORGE SALTER +
  • NO CHAIN +
  • POTENTIAL INVESTMENT OPPORTUNITY +
  • PERFECT FOR YOUR FIRST HOME +

SUMMARY
POTENTIALLY INVESTMENT OR FIRST HOME WITHIN WALKING DISTANCE TO BLACK LAKE TRAM STOP! This property is conveniently located for both MAJOR BUS AND TRAM links as well as being walking distance to the West Bromwich town centre. CALL NOW TO VIEW!

DESCRIPTION
We are delighted to be marketing this traditional style two bedroom mid-terraced home located within easy access to transport links and amenities. The property is perfect for first time buyers or someone looking to upsize from a smaller property. In brief the property compromises of entrance hall, through Lounge, kitchen dining area. The first floor offers to bedrooms and a family bathroom benefiting from both a shower cubicle and a bath.
The property is within walking distance to Swan Lake Tram Stop giving easy access to both Birmingham City Centre and Wolverhampton City Centre. The high street and the New Square shopping centre are just a short walk/drive away too giving you an array of shops and amenities.
CALL NOW TO ARRANGE YOUR VIEWINGS!

Entrance Hall 
Double glazed door to the front, radiator, stairs to first floor and door to lounge/dining room.

Lounge/Dning Room 12' 4" x 21' 6" ( 3.76m x 6.55m )
Open plan lounge/dining room, door to kitchen.

Kitchen 6' 11" x 14' 8" ( 2.11m x 4.47m )
Fitted kitchen compromising of a range of wall and base units with work surfaces over, stainless steel sink and drainer, plumbing point, integrated electric oven and gas hob with cooker hood over, tiling to walls, double glazed window to the rear and door to the rear.

First Floor Landing 
Double glazed window to the rear, loft access and door to;

Bedroom One 9' 6" x 13' 7" ( 2.90m x 4.14m )
Double glazed window to the front, telephone point and radiator.

Bedroom Two 5' 10" x 11' 1" ( 1.78m x 3.38m )
Double glazed window to the front and radiator.

Bathroom 
Double glazed window to the rear, fitted shower cubicle, WC, bath and wash hand basin.

Rear Garden 
Slabbed patio area and grass lawn.

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, West Bromwich

0121 387 6299

Next Steps?

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