3 Bed Terraced House, Single Let, Birmingham, B34 7SW, £190,000

22 Horne Way, Birmingham, West Midlands, B34 7SW - 5 views - 7 months ago

Sold STC
BTL
ROI: 3%
64 m²
+19 photos

ValuationOvervalued

Sold Prices£36K - £255K
Sold Prices/m²£1.7K/m² - £3.2K/m²

 

 

Square Metres

64 m²
Price/m²£3K/m²

Value Estimate

£136,238

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£750 - £3,000

Rent Estimate

£913

Running Costs/mo

£796

Cashflow/mo

£117

Cashflow/yr

£1,400

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £36K to £255K, average is £188.5K. £1.7K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£190K08/230.14 mi16, Lamb Close, Birmingham, West Midlands B34 7SF3
£158K01/210.14 mi21, Roebuck Close, Birmingham, West Midlands B34 7SQ3
£195.5K02/230.15 mi21, Roebuck Close, Birmingham, West Midlands B34 7SQ3
£216K03/230.17 mi70, Freasley Road, Birmingham, West Midlands B34 7QH3
£175K06/230.17 mi93, Freasley Road, Birmingham, West Midlands B34 7QH3
£210K06/210.22 mi149, Freasley Road, Birmingham, West Midlands B34 7QL3
£163K04/210.23 mi119, Nearmoor Road, Birmingham, West Midlands B34 7QF3
£180K12/220.23 mi23, Panther Croft, Birmingham, West Midlands B34 7SB3
£151.5K11/200.24 mi6, Hurley Grove, Birmingham, West Midlands B37 6DT3
£160K11/200.25 mi3, Withy Grove, Kingshurst, Birmingham, West Midlands B37 6DN3
£170K01/210.25 mi11, Withy Grove, Kingshurst, Birmingham, West Midlands B37 6DN3
£240K07/230.26 mi186, Nearmoor Road, Birmingham, West Midlands B34 7QE3
£225K08/230.27 mi22, Berrowside Road, Birmingham, West Midlands B34 7JL3
£170K06/210.27 mi22, Berrowside Road, Birmingham, West Midlands B34 7JL3
£167K11/200.28 mi38, Dunton Road, Kingshurst, Birmingham, West Midlands B37 6JN3
£170K03/210.28 mi27, Kitsland Road, Birmingham, West Midlands B34 7NA3
£158K03/210.28 mi61, Kingshurst Way, Birmingham, West Midlands B37 6DF3
£220K04/230.3 mi37, Silver Birch Road, Kingshurst, Birmingham, West Midlands B37 6AS3
£171K01/210.3 mi133, Dunton Road, Kingshurst, Birmingham, West Midlands B37 6JJ3
£215K01/210.31 mi66, Nearmoor Road, Birmingham, West Midlands B34 7QD3
£190K07/230.33 mi8, Kingshurst Way, Birmingham, West Midlands B37 6DG3
£160K10/200.34 mi322, Fordbridge Road, Kingshurst, Birmingham, West Midlands B37 6LU3
£235K09/230.34 mi352, Fordbridge Road, Birmingham, West Midlands B37 6LU3
£215K03/230.34 mi76, Longmeadow Crescent, Birmingham, West Midlands B34 7NH3
£36K06/230.35 mi4, Farmoor Grove, Birmingham, West Midlands B34 7LE3
£220K12/200.36 mi200, Laburnum Avenue, Birmingham, West Midlands B37 6AN3
£185K01/230.36 mi182, Laburnum Avenue, Birmingham, West Midlands B37 6AN3
£156.8K12/200.36 mi2, Chilvers Grove, Birmingham, West Midlands B37 6EJ3
£202K08/210.39 mi210, Packington Avenue, Birmingham, West Midlands B34 7RH3
£212K07/230.39 mi234, Packington Avenue, Birmingham, West Midlands B34 7RH3
£155K04/210.39 mi100, Over Green Drive, Birmingham, West Midlands B37 6ES3
£205K12/220.4 mi87, Over Green Drive, Kingshurst, Birmingham, West Midlands B37 6ES3
£165K12/230.42 mi50, Milsom Grove, Birmingham, West Midlands B34 7HG3
£234K02/210.42 mi14, Acacia Avenue, Birmingham, West Midlands B37 6AQ3
£191K11/220.42 mi75, Bannerlea Road, Birmingham, West Midlands B37 6HL3
£160K11/200.42 mi150, Longmeadow Crescent, Birmingham, West Midlands B34 7LB3
£170K09/210.42 mi24, Acacia Avenue, Birmingham, West Midlands B37 6AQ3
£207K04/230.43 mi66, Bradley Road, Birmingham, West Midlands B34 7RJ3
£165K11/210.43 mi5, Dalewood Road, Birmingham, West Midlands B37 6HH3
£187K11/220.44 mi14, Bannerlea Road, Birmingham, West Midlands B37 6HW3
£165K11/210.46 mi27, Oakthorpe Drive, Birmingham, West Midlands B37 6JD3
£190K04/210.48 mi57, Hall Hays Road, Birmingham, West Midlands B34 7LN3
£195K05/210.48 mi7, Hall Hays Road, Birmingham, West Midlands B34 7LN3
£145K01/210.5 mi58, Oakthorpe Drive, Birmingham, West Midlands B37 6HY3
£252.5K11/220.5 mi24, Ash Crescent, Birmingham, West Midlands B37 6AD3
£190K02/210.5 mi12, Shenton Walk, Kingshurst, Birmingham, West Midlands B37 6HD3
£150K11/200.51 mi88, Hall Hays Road, Birmingham, West Midlands B34 7LL3
£212.5K03/210.51 mi166, Kitsland Road, Birmingham, West Midlands B34 7LJ3
£226K10/210.51 mi27, Coneyford Road, Birmingham, West Midlands B34 7AY3
£255K10/210.51 mi49, Coneyford Road, Birmingham, West Midlands B34 7AY3

Local Rents

23 rents from £750/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40011/240.23 mi-3
£75004/250.24 mi-3
£1,35001/250.31 mi-3
£1,05009/230.43 mi-3
£1,20012/230.43 mi-3
£1,20012/230.43 mi-3
£1,10004/250.44 mi-3
£3,00001/240.44 mi-3
£3,00001/240.44 mi-3
£3,00001/240.44 mi-3
£3,00012/240.44 mi-3
£3,00001/250.44 mi-3
£3,00004/250.44 mi-3
£1,15012/240.5 miOakthorpe Drive, BIRMINGHAM3
£1,25012/240.52 miBrownfield Road, BIRMINGHAM3
£1,10012/240.55 mi-3
£1,10002/250.55 mi-3
£1,20002/250.55 mi-3
£1,25003/250.55 mi-3
£1,15002/250.62 mi-3
£1,40003/250.62 mi-3
£1,40003/250.62 mi-3
£1,20012/240.62 miTimberley Lane, Shard End, Birmingham3

Local Area Statistics

Population in B34

18,941

Population in Birmingham

1,034,821

Town centre distance

5.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental growth (12m)

+31%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £190,000

October 5, 2024

Sold for £39,950

1996

Floor Plans

Description

  • Non - Standard Build +
  • Garage +
  • Driveway +
  • Kitchen/Diner to Rear +
  • Lounge +
  • Conservatory +
  • Bar +
  • Summer House +
  • Three Bedrooms +
  • Downstairs WC +

GARAGE DRIVEWAY CONSERVATORY DOWNSTAIRS WC NON-STANDARD BUILD

The mid-terrace property is situated in a cul-de-sac location and consists of a DRIVEWAY to the front providing off road parking for multiple vehicles, this leads to the GARAGE area and to the enclosed ENTRANCE PORCH. Once inside the property there is an entrance hallway, DOWNSTAIRS WC, lounge to the front, kitchen/dining room to the rear, CONSERVATORY which also has a convenient storage area, and a BAR. To the first floor there are THREE BEDROOMS (two doubles, one with a walk in wardrobe, and a single bedroom) there is also a FAMILY BATHROOM with the benefit of a bath and a separate shower enclosure. The rear garden is a low maintenance rear garden with a covered area providing shelter and a timber summer house. Energy Efficiency Rating:- C

Front Garden/Driveway - Tarmac driveway providing off road parking for multiple vehicles, and access to the garage area. Fence border to one side, open border to the other side, and an outside lantern style light. Outside electric single socket just below the lounge window area, and a double glazed door to the side of the property allowing access to:-

Entrance Porch - 1.78m x 1.07m (5'10" x 3'6") - Two storage cupboards housing the utility meters, wood effect flooring, and a further internal wooden door allowing access to:-

Entrance Hallway - Stairs rising to the first floor landing with an open space below, radiator, wooden flooring, and further doors to:-

Downstairs Wc - 1.63m x 0.79m (5'4" x 2'7") - Suite comprised of a low flush WC and a corner wash hand basin. Tiling to the wall areas with a decorative faceted style tile inset in random positions, matching dado style tile inset to the walls and a decorative chrome effect trim. Wood effect flooring, and a single glazed window to the front.

Lounge - 4.95m x 2.95m (16'3" x 9'8") - Double glazed window to the front, radiator, and wooden flooring.

Kitchen/Diner - 4.83m x 3.78m (15'10" x 12'5") - Range of wall mounted and floor standing base units with display units incorporated and a wine rack. Work surfaces over incorporating a stainless steel effect sink and drainer unit with a mixer tap over, the work surface extends to create a breakfast bar area which also creates a divide to the dining room area. Appliances built in consist of an under unit double oven with an electric hob over, stainless steel effect splash back and a stainless steel effect extractor above. Plumbing for a washing machine, further plumbing for a dishwasher and space below the breakfast bar area for a tumbler drier. Radiator, wooden flooring (to the dining area) tile effect flooring to the kitchen area (but the vendor advises this has wooden flooring below) Double glazed windows at matching height and either side of the double doors to the rear allowing access to:-

Conservatory - 3.15m x 2.79m (10'4" x 9'2" ) - Double glazed windows at matching height and either side of the double glazed double doors to the rear allowing access to/from the rear garden area. Wood effect flooring, fanlight to the ceiling, a double glazed door to the side into the storage area (was originally the outside rear porch area. And a further door to what was originally the brick built storage shed which the vendor has created a bar area in.

First Floor -

Landing - Loft access via the hatch area, storage cupboard, radiator and doors to:-

Bedroom One - 4.09m x 2.92m (13'5" x 9'7") - Double glazed window to the front and a radiator

Bedroom Two - 3.86m x 2.57m + entrance alcove (12'8" x 8'5" + en - Double glazed window to the rear, radiator, and a walk in wardrobe.

Bedroom Three - 2.92m x 2.24m (9'7" x 7'4") - Double glazed window to the rear and a radiator.

Bathroom - 2.62m x 1.80m (8'7" x 5'11") - Suite comprised of a panelled bath with a decorative mixer tap over, low flush WC, shower enclosure with sliding doors for access and an electric shower inset and a wash hand basin inset to a vanity unit providing storage below with a matching decorative mixer tap over. Tiling to the walls with a decorative chrome effect trim, mosaic tile effect flooring, ladder style radiator, and a double glazed window to the front.

Outside -

Canopy Area - The canopy area is accessed via the conservatory and provides a sheltered outside seating area space, this is open and leads to:-

Rear Garden - Fence borders surrounding an artificial lawn area which leads to a timber built summer house with double door access and windows into the garden area.

Garage - The garage is a single garage situated to the front of the property and has an electric roll up door which is operated from inside the property for security purposes. There is also electric supply inside the garage and lighting

Agent Details

Prime Estates, Castle Bromwich

0121 387 6569

Next Steps?

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