3 Bed Terraced House, Single Let, Birmingham, B9 5QY, £225,000

72 Blake Lane, Birmingham, West Midlands, B9 5QY - 1 views - 7 months ago

Sold STC
BTL
ROI: 1%
94 m²
+4 photos

ValuationOvervalued

Sold Prices£82K - £266K
Sold Prices/m²£812/m² - £2.8K/m²

 

 

Square Metres

94 m²
Price/m²£2.4K/m²

Value Estimate

£175,845

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£990 - £1,600

Rent Estimate

£950

Running Costs/mo

£913

Cashflow/mo

£37

Cashflow/yr

£443

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £82K to £266K, average is £165K. £812/m² to £2.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£133.5K02/210.02 mi28, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£134K01/210.02 mi96, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£145K10/210.05 mi83, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£145K12/200.05 mi95, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£165K11/200.06 mi11a, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QT3
£100K05/230.07 mi14, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RD3
£135K08/220.1 mi423, Bordesley Green, Birmingham, West Midlands B9 5RE3
£145K12/220.12 mi25, Churchill Road, Birmingham, West Midlands B9 5NY3
£167.5K10/210.12 mi20, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£150K04/230.12 mi78, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£160K01/210.12 mi531, Bordesley Green, Birmingham, West Midlands B9 5XH3
£140K08/210.15 mi130, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RL3
£153K01/210.15 mi24, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£125K08/220.15 mi2, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£185K02/210.16 mi64, Drummond Road, Bordesley Green, Birmingham, West Midlands B9 5XL3
£180K08/220.17 mi95, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RN3
£184K11/220.17 mi396, Bordesley Green, Birmingham, West Midlands B9 5ND3
£215K12/220.17 mi392, Bordesley Green, Birmingham, West Midlands B9 5ND3
£170K12/200.17 mi31, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£195K04/210.17 mi23, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£170K12/200.17 mi31, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£250K12/220.2 mi126, Burlington Road, Small Heath, Birmingham, West Midlands B10 9PD3
£150K10/220.22 mi61, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£147K02/220.23 mi47, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£210K05/210.23 mi15, Finnemore Road, Bordesley Green, Birmingham, West Midlands B9 5XN3
£182.5K12/220.24 mi437, Green Lane, Small Heath, Birmingham, West Midlands B9 5PP3
£240K08/220.26 mi115, Churchill Road, Birmingham, West Midlands B9 5NX3
£200K07/230.26 mi222, Bankes Road, Birmingham, West Midlands B10 9PJ3
£228K06/210.26 mi509, Belchers Lane, Bordesley Green, Birmingham, West Midlands B9 5XR3
£165K11/200.27 mi156, Bankes Road, Birmingham, West Midlands B10 9PH3
£160K06/230.27 mi48, Mansel Road, Birmingham, West Midlands B10 9PG3
£200K01/210.28 mi563, Bordesley Green, Birmingham, West Midlands B9 5XY3
£82K07/220.32 mi11, Springbank, Birmingham, West Midlands B9 5FN3
£135K01/210.32 mi144, Pretoria Road, Birmingham, West Midlands B9 5LQ3
£182K05/230.33 mi5, Burlington Road, Small Heath, Birmingham, West Midlands B10 9PT3
£245K02/230.33 mi86, Bankes Road, Birmingham, West Midlands B10 9PS3
£159.3K11/200.33 mi123, Botha Road, Bordesley Green, Birmingham, West Midlands B9 5LR3
£152K03/210.33 mi189, Colonial Road, Bordesley Green, Birmingham, West Midlands B9 5NP3
£148K07/210.34 mi245, Floyer Road, Small Heath, Birmingham, West Midlands B10 9NH3
£166K11/200.36 mi364, Heather Road, Small Heath, Birmingham, West Midlands B10 9BB3
£135K01/210.36 mi59, Mansel Road, Birmingham, West Midlands B10 9NR3
£175K09/210.37 mi111, Hob Moor Road, Small Heath, Birmingham, West Midlands B10 9BH3
£140K11/200.37 mi381, Heather Road, Small Heath, Birmingham, West Midlands B10 9BG3
£165K11/200.37 mi383, Heather Road, Small Heath, Birmingham, West Midlands B10 9BG3
£265K06/220.37 mi128, Yardley Green Road, Bordesley Green, Birmingham, West Midlands B9 5QB3
£140K03/210.39 mi20, Lupin Grove, Birmingham, West Midlands B9 5HN3
£197K05/230.39 mi31, Bordesley Close, Birmingham, West Midlands B9 5LX3
£194K08/230.39 mi23, Bordesley Close, Birmingham, West Midlands B9 5LX3
£116.3K05/220.39 mi93, Maybank, Bordesley Green, Birmingham, West Midlands B9 5FF3
£266K11/210.4 mi146, Yardley Green Road, Bordesley Green, Birmingham, West Midlands B9 5QB3

Local Rents

16 rents from £990/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.16 mi-3
£1,40001/250.16 mi-3
£1,10012/240.25 mi-3
£1,10004/250.25 mi-3
£1,30003/250.25 mi-3
£1,15011/240.26 mi-3
£1,40004/250.38 mi-3
£1,25004/250.38 mi-3
£1,30012/240.39 mi-3
£99012/230.4 mi-3
£1,60012/240.52 miBelchers Lane, Birmingham, B93
£1,00012/240.53 miCarlton Road, Birmingham, B93
£1,20001/250.53 mi-3
£1,00012/240.55 miGrange Road, Small Heath, Birmingham, B103
£1,25012/240.57 miBordesley Green East, Bordesley Green, B93
£1,20004/250.61 mi-3

Local Area Statistics

Population in B9

24,915

Population in Birmingham

1,034,821

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £225,000

September 20, 2024

Sold for £31,500

1998

Floor Plans

Description

No Upward Chain!
A recently refurbished 3 bedroom mid terrace property with 2 reception rooms, a newly fitted kitchen, ground floor shower room, loft room (no building regs), double glazing, gas fired central heating system and rear garden.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

YAR240198/2

Agent Details

Reeds Rains, Yardley

0121 387 6498

Next Steps?

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