2 Bed Terraced House, Single Let, Birmingham, B32 3SS, £170,000

Middlehill Rise, Birmingham, West Midlands, B32 3SS - 3 views - 6 months ago

Sold STC

BTL

ROI: 2%

~68 m²

+14 photos

ValuationOvervalued

Sold Prices	£116K - £272.5K
Sold Prices/m²	£1.6K/m² - £3.8K/m²

Square Metres	~68.11 m²
Price/m²	£2.5K/m²
Value Estimate	£157,223£157,223

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£6,300£6,300
Total Cash In	£48,800£48,800

Cash Out
Rent Range	£750 - £1,400£750 - £1,400
Rent Estimate	£781
Running Costs/mo	£707£707
Cashflow/mo	£74£74
Cashflow/yr	£883£883
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £116K to £272.5K, average is £170K. £1.6K/m² to £3.8K/m², average is £2.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£146K	11/21	0.06 mi	61, Warston Avenue, Birmingham, West Midlands B32 3ST	-	-	2	Terraced House
£125K	02/21	0.11 mi	92, County Close, Woodgate, Birmingham, West Midlands B32 3SZ	£1,645	76	2	Terraced House
£170K	01/23	0.12 mi	9, Simcox Gardens, Birmingham, West Midlands B32 3RX	-	-	2	Terraced House
£170K	04/23	0.15 mi	214, Sommerfield Road, Birmingham, West Midlands B32 3TA	£2,237	76	2	Terraced House
£124K	11/21	0.15 mi	30, Rushy Piece, Birmingham, West Midlands B32 3SL	£1,632	76	2	Terraced House
£160K	09/23	0.21 mi	66, Ralphs Meadow, Woodgate Valley, Birmingham, West Midlands B32 3RW	£2,078	77	2	Terraced House
£160K	11/22	0.25 mi	25, Tibbats Close, Birmingham, West Midlands B32 3TE	£1,905	84	2	Terraced House
£233K	01/24	0.33 mi	66, Clover Drive, Birmingham, West Midlands B32 3DJ	£3,530	66	2	Bungalow
£140K	11/20	0.34 mi	318, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL	£1,964	71	2	Semi-Detached House
£238K	01/23	0.34 mi	340, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL	£3,111	77	2	Terraced House
£163K	12/23	0.48 mi	148, Simmons Drive, Quinton, Birmingham, West Midlands B32 1SS	£2,063	79	2	Terraced House
£167.5K	11/20	0.51 mi	130, Mill Lane, Quinton, Birmingham, West Midlands B32 3BE	£2,175	77	2	Terraced House
£178K	01/23	0.53 mi	20, Millmead Road, Bartley Green, Birmingham, West Midlands B32 3AX	-	-	2	Terraced House
£222K	12/23	0.53 mi	31, Millmead Road, Bartley Green, Birmingham, West Midlands B32 3AX	-	-	2	Semi-Detached House
£160K	05/23	0.53 mi	33, Tamerton Road, Birmingham, West Midlands B32 3HF	£2,078	77	2	Terraced House
£150K	02/21	0.53 mi	27, Millmead Road, Birmingham, West Midlands B32 3AX	£2,083	72	2	Semi-Detached House
£180K	11/22	0.54 mi	4, Bickington Road, Birmingham, West Midlands B32 3EY	£2,571	70	2	Terraced House
£193K	09/23	0.55 mi	127, Mill Lane, Quinton, Birmingham, West Midlands B32 3BB	£2,573	75	2	Detached House
£188.8K	08/23	0.57 mi	227, Quinton Road West, Quinton, Birmingham, West Midlands B32 2RJ	-	-	2	Terraced House
£255K	01/24	0.58 mi	19, Pomeroy Road, Bartley Green, Birmingham, West Midlands B32 3EH	£3,470	73	2	Bungalow
£195K	04/23	0.62 mi	223, Overdale Road, Quinton, Birmingham, West Midlands B32 2RD	£2,793	70	2	Semi-Detached House
£141.5K	11/20	0.64 mi	7, Lygon Grove, Quinton, Birmingham, West Midlands B32 2RA	£2,398	59	2	Semi-Detached House
£144K	02/23	0.64 mi	20, Lygon Grove, Quinton, Birmingham, West Midlands B32 2RA	-	-	2	Semi-Detached House
£116K	07/23	0.67 mi	243, Highfield Lane, Quinton, Birmingham, West Midlands B32 1RT	-	-	2	Terraced House
£152.5K	05/21	0.67 mi	31, Overfield Road, Birmingham, West Midlands B32 3BA	-	-	2	Semi-Detached House
£173K	08/23	0.71 mi	8, Dufton Road, Quinton, Birmingham, West Midlands B32 2PZ	-	-	2	Terraced House
£153K	03/21	0.72 mi	452, West Boulevard, Birmingham, West Midlands B32 2PJ	£2,250	68	2	Semi-Detached House
£210K	11/23	0.72 mi	55, Bolney Road, Quinton, Birmingham, West Midlands B32 2PU	-	-	2	Terraced House
£135K	09/23	0.75 mi	74, Culford Drive, Birmingham, West Midlands B32 3JH	£2,213	61	2	Terraced House
£185K	01/24	0.75 mi	52, Culford Drive, Birmingham, West Midlands B32 3JH	£2,534	73	2	Terraced House
£150K	07/21	0.77 mi	3, Hunslet Road, Birmingham, West Midlands B32 2PL	£1,875	80	2	Semi-Detached House
£181.5K	07/24	0.77 mi	27, Blakemore Close, Birmingham, West Midlands B32 3DZ	£3,325	55	2	Terraced House
£190K	08/23	0.77 mi	8, Blakemore Close, Birmingham, West Midlands B32 3DZ	£3,787	50	2	Terraced House
£138.5K	11/20	0.77 mi	15c, Blakemore Close, Birmingham, West Midlands B32 3DZ	£2,308	60	2	Terraced House
£200K	03/23	0.77 mi	29, Blakemore Close, Birmingham, West Midlands B32 3DZ	£2,469	81	2	Terraced House
£200K	05/23	0.78 mi	41, Romsley Road, Birmingham, West Midlands B32 3PR	£2,740	73	2	Semi-Detached House
£150K	07/21	0.8 mi	328, Adams Hill, Birmingham, West Midlands B32 3PD	-	-	2	Semi-Detached House
£183K	03/21	0.8 mi	33, Lower White Road, Birmingham, West Midlands B32 2RT	£2,577	71	2	Semi-Detached House
£140K	05/21	0.8 mi	12, Firsby Road, Birmingham, West Midlands B32 2QX	-	-	2	Semi-Detached House
£186K	01/21	0.81 mi	1, Pine Woods, Bartley Green, Birmingham, West Midlands B32 3RD	£3,321	56	2	Terraced House
£175K	04/24	0.82 mi	30, Romsley Road, Birmingham, West Midlands B32 3PS	£2,188	80	2	Terraced House
£272.5K	12/22	0.82 mi	6, Stableford Close, Birmingham, West Midlands B32 3XL	-	-	2	Detached House
£142K	11/21	0.83 mi	55, Offmoor Road, Birmingham, West Midlands B32 3PT	£1,919	74	2	Semi-Detached House
£265K	05/24	0.84 mi	122, Senneleys Park Road, Birmingham, West Midlands B31 1AN	£3,193	83	2	Bungalow
£188K	05/21	0.84 mi	230, White Road, Quinton, Birmingham, West Midlands B32 2SZ	-	-	2	Semi-Detached House
£220K	02/23	0.84 mi	236, White Road, Quinton, Birmingham, West Midlands B32 2SZ	£3,438	64	2	Semi-Detached House
£151K	03/21	0.84 mi	66, Offmoor Road, Birmingham, West Midlands B32 3PY	£1,911	79	2	Semi-Detached House
£140K	09/21	0.85 mi	166, Worlds End Lane, Birmingham, West Midlands B32 1JU	-	-	2	Semi-Detached House
£187K	08/23	0.85 mi	166, Worlds End Lane, Quinton, Birmingham, West Midlands B32 1JU	-	-	2	Semi-Detached House
£155K	06/21	0.85 mi	178, Worlds End Lane, Quinton, Birmingham, West Midlands B32 1JU	-	-	2	Semi-Detached House

Local Rents

46 rents from £750/mo to £1.4K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£800	03/25	0.07 mi	-	2	Flat
£850	12/24	0.26 mi	The Hill, Quinton, Birmingham	2	Flat
£1,100	12/24	0.31 mi	-	2	Terraced House
£950	01/25	0.54 mi	-	2	Semi-Detached House
£950	12/24	0.54 mi	-	2	Semi-Detached House
£975	03/25	0.64 mi	-	2	Semi-Detached House
£1,050	12/24	0.66 mi	Quinton Road West, Birmingham, West Midlands, B32	2	Flat
£1,095	12/24	0.66 mi	Quinton Road West, Birmingham, West Midlands, B32	2	Flat
£900	03/25	0.7 mi	-	2	Terraced House
£1,100	12/24	0.71 mi	Dufton Road, Quinton, BIRMINGHAM	2	Flat
£1,050	02/24	0.72 mi	-	2	Terraced House
£1,200	12/24	0.72 mi	Heathy Farm Close, Bartley Green, Birmingham	2	Terraced House
£925	12/24	0.74 mi	Culford Drive, Birmingham, West Midlands, B32	2	Terraced House
£925	01/25	0.74 mi	-	2	Flat
£1,000	12/24	0.74 mi	Worlds End Lane, Quinton	2	Flat
£975	12/24	0.74 mi	Worlds End Lane, Quinton	2	Flat
£1,100	12/24	0.74 mi	Worlds End Lane, Quinton	2	Flat
£975	12/24	0.74 mi	Worlds End Lane, Quinton	2	Flat
£1,100	12/24	0.74 mi	Worlds End Lane, Quinton	2	Flat
£1,400	02/25	0.84 mi	-	2	Semi-Detached House
£925	12/24	0.86 mi	Blandford Road, Quinton, Birmingham, B32 2LP	2	Terraced House
£1,000	12/24	0.87 mi	-	2	Terraced House
£850	03/25	0.94 mi	-	2	Flat
£900	12/24	1 mi	Hopstone Road, Selly Oak, B29	2	Flat
£925	12/24	1.02 mi	-	2	Terraced House
£950	12/24	1.02 mi	-	2	Terraced House
£925	12/24	1.02 mi	-	2	Terraced House
£925	12/24	1.02 mi	-	2	Terraced House
£950	01/25	1.02 mi	-	2	Terraced House
£950	01/25	1.02 mi	-	2	Terraced House
£950	01/25	1.02 mi	-	2	Terraced House
£950	02/24	1.03 mi	-	2	Terraced House
£900	12/24	1.03 mi	Math Meadow, Birmingham	2	Terraced House
£1,050	12/24	1.03 mi	Wisley Way, Birmingham	2	Flat
£950	02/24	1.03 mi	-	2	Terraced House
£750	12/24	1.05 mi	Beckbury Road, Weoley Castle	2	Flat
£800	12/24	1.06 mi	Castle Road, Bartley Green, Birmingham, West Midlands, B29	2	Detached House
£825	12/24	1.11 mi	Daventry Grove, Quinton, B32	2	Flat
£825	12/24	1.11 mi	Daventry Grove, Quinton, B32	2	Flat
£875	12/24	1.12 mi	Alwold Road, Birmingham	2	Terraced House
£895	12/24	1.19 mi	Fredas Grove, Harborne, Birmingham, B17	2	Flat
£950	12/24	1.22 mi	-	2	Semi-Detached House
£850	03/25	1.23 mi	-	2	Flat
£1,150	12/24	1.24 mi	Northfield Road, Harborne, B17	2	Terraced House
£1,050	12/24	1.24 mi	-	2	Terraced House
£1,100	12/24	1.24 mi	Northfield Road, Harborne, Birmingham	2	Terraced House

Local Area Statistics

Population in B32	38,35638,356
Population in Birmingham	1,034,8211,034,821
Town centre distance	4.89 miles away4.89 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	2.38 miles away2.38 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £170,000

October 14, 2024

Description

Dixons are please to present this well maintained TWO BEDROOM, MID-TERRACE property, located in BARTLEY GREEN.
This property has potential to be a three bedroom house and is perfect for first time buyers, investors and those looking to downsize.
The property comprises of; gated driveway to front, porch leading to entrance hallway which benefits from a downstairs W/C, lounge, kitchen/diner with access out to the rear garden and a secure out house.
On the first floor of the property; bedroom one which has the potential to be split to create a single third bedroom, bedroom two and a wet room.
This property also benefits from gas central heating and double glazing where specified and is being sold CHAIN FREE.

Agent Details

Dixons, Quinton

0121 387 6279

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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