2 Bed Terraced House, Single Let, Birmingham, B19 1LU, £130,000

Wilson Road, Birmingham, B19 1LU - 5 views - 6 months ago

Auction
BTL
ROI: 7%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£92K - £250K
Sold Prices/m²£1.2K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£118,352

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£706 - £2,450

Rent Estimate

£800

Running Costs/mo

£586

Cashflow/mo

£214

Cashflow/yr

£2,565

ROI

7%

Gross Yield

7%

Local Sold Prices

28 sold prices from £92K to £250K, average is £134K. £1.2K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£165K02/230.2 mi43, Roland Road, Birmingham, West Midlands B19 1RT2
£130K07/230.36 mi9, Stamford Grove, Birmingham, West Midlands B20 3PT2
£135K04/230.39 mi1, Old Postway, Newtown, Birmingham, West Midlands B19 2DH2
£130K05/210.39 mi5, Old Postway, Newtown, Birmingham, West Midlands B19 2DH2
£170K01/230.44 mi15, Bartons Way, Birmingham, West Midlands B19 2LJ2
£160K09/220.45 mi181, Berners Street, Birmingham, West Midlands B19 2DR2
£137.5K06/210.47 mi156, Hutton Road, Handsworth, Birmingham, West Midlands B20 3RE2
£122K02/210.52 mi94, Willmore Road, Birmingham, West Midlands B20 3JJ2
£122K12/200.53 mi2, Leslie Road, Handsworth, Birmingham, West Midlands B20 3NU2
£115K10/200.62 mi72, Melbourne Avenue, Birmingham, West Midlands B19 2HZ2
£146K03/230.67 mi28, Howard Road, Handsworth, Birmingham, West Midlands B20 2AN2
£133K01/210.67 mi36, Howard Road, Handsworth, Birmingham, West Midlands B20 2AN2
£145K12/220.67 mi27, Nugent Close, Birmingham, West Midlands B6 5HZ2
£165K09/220.67 mi16, Tewkesbury Road, Birmingham, West Midlands B20 3DX2
£120K12/200.7 mi51, Wood Lane, Handsworth, Birmingham, West Midlands B20 2AJ2
£123K11/220.7 mi45, Wood Lane, Handsworth, Birmingham, West Midlands B20 2AJ2
£150K02/230.72 mi201, Trinity Road, Birmingham, West Midlands B6 6HL2
£140K05/230.72 mi53, Tintern Road, Birmingham, West Midlands B20 3HJ2
£127K07/210.74 mi12, North Road, Handsworth, Birmingham, West Midlands B20 3HX2
£144.9K09/230.74 mi8, North Road, Handsworth, Birmingham, West Midlands B20 3HX2
£250K08/220.75 mi20, Inglenook Drive, Birmingham, West Midlands B20 2EH2
£135K05/210.76 mi43, Dunsink Road, Birmingham, West Midlands B6 6PL2
£133K09/210.79 mi6, Emscote Road, Birmingham, West Midlands B6 6PN2
£92K08/210.81 mi24, Oscott Road, Perry Barr, Birmingham, West Midlands B42 2TA2
£115K05/210.81 mi47, Oscott Road, Perry Barr, Birmingham, West Midlands B42 2TA2
£95K05/230.82 mi388, Aston Lane, Aston, Birmingham, West Midlands B6 6QN2
£110K10/200.89 mi39, Richmond Road, Hockley, Birmingham, West Midlands B18 5NH2
£199K08/220.91 mi198, Wood Lane, Handsworth, Birmingham, West Midlands B20 2AA2

Local Rents

50 rents from £706/mo to £2.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10004/250.36 mi-2
£80012/240.42 miBirchfield Road, Birmingham2
£95002/250.44 mi-2
£87501/250.46 mi-2
£1,10004/250.53 mi-2
£1,20012/240.61 mi-2
£80012/240.61 miWellington Road, Birmingham, B202
£1,10012/240.63 mi-2
£1,10001/250.63 mi-2
£85012/240.67 miHoward Road, Handsworth, BIRMINGHAM2
£97511/240.67 mi-2
£90012/240.73 miBrooklyn Avenue, Birmingham2
£99504/240.73 miCrocodile Works, 173 Alma Street2
£89912/240.76 mi-2
£89904/240.76 miHamstead Court, Birmingham, B192
£95001/250.76 mi-2
£82503/250.76 mi-2
£92502/240.76 mi-2
£92503/240.76 miHamstead Court, Birmingham, B192
£92512/240.76 mi-2
£97503/240.76 miVilla Street, Birmingham2
£97503/240.91 mi-2
£97512/240.91 miHandsworth Wood, Birmingham, B202
£75012/240.92 miTyber Drive, Handsworth Wood, Birmingham, B20 2BA2
£2,30002/240.93 mi-2
£2,30012/240.93 mi-2
£2,45012/230.95 mi-2
£2,45002/240.95 mi-2
£2,30003/240.97 mi-2
£1,90003/240.98 mi-2
£1,10012/241 miThe Hub, 1 Clive Passage, Birmingham, B42
£97504/251.04 mi-2
£1,00003/241.04 mi-2
£1,39812/241.07 mi57 Hooper Street, Birmingham2
£1,39812/241.07 mi57 Hooper Street, Birmingham2
£1,39812/241.07 mi57 Hooper Street, Birmingham2
£97512/241.1 mi-2
£1,05012/241.1 mi-2
£1,05002/251.1 mi-2
£1,05003/251.1 mi-2
£70612/241.11 miGreat Hampton Street, Birmingham, B182
£95001/251.13 mi-2
£1,10012/241.15 mi-2
£1,05003/251.15 mi-2
£1,25012/241.15 miGreat Hampton Street, Birmingham, B182
£1,25012/241.15 miGreat Hampton Street, Jewellery Quarter, Birmingham2
£1,50012/241.15 miGreat Hampton Street, Jewellery Quarter, Birmingham2
£1,30012/241.15 miGreat Hampton Street, Jewellery Quarter, Birmingham2
£1,05012/241.16 mi10 Tame Close, Perry Barr, Birmingham2
£1,49512/241.19 miNew Hampton Lofts, 90 Great Hampton Street, Birmingham, West Midlands, B182

Local Area Statistics

Population in B19

20,152

Population in Birmingham

1,034,821

Town centre distance

3.14 miles away

Nearest school

0.20 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Listed for £130,000

October 14, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • END TERRACE +
  • TWO BEDROOM +
  • LOW MAINTENANCE GARDEN +
  • CENTRAL HEATING +
  • DOUBLE GLAZING +

SUMMARY
*END TERRACE*TWO BEDROOM***LOW MAINTENANCE GARDEN***CENTRAL HEATING***DOUBLE GLAZING***

DESCRIPTION
This charming two-bedroom end-terrace house is set within a sought-after residential area in Birmingham, ideal for first-time buyers, small families, or investors. This freehold property offers a well-balanced blend of modern living and traditional charm, with great potential for personal customization.

Upon entering, you are welcomed into a bright and airy living space that provides ample room for relaxation and entertainment. The ground floor also features a modern kitchen, fitted with ample storage, contemporary appliances, and space for a dining table. From here, you can access a private, low-maintenance rear garden, perfect for outdoor dining or relaxation in the warmer months.

Upstairs, the property boasts two generously-sized bedrooms, each offering plenty of natural light and storage opportunities. The main bedroom comfortably fits a double bed and wardrobes, while the second bedroom can serve as a guest room, child's room, or office space. A family bathroom with modern fixtures completes the upper floor.

The property benefits from double glazing and central heating throughout, ensuring comfort and energy efficiency. It also has side access to the rear garden, and off-road parking is available.

Situated within easy reach of local amenities, schools, and parks, the house offers excellent transport links to Birmingham city centre and surrounding areas.

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 no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. 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.

Agent Note  
Council Tax Band A

Approach 
Slabbed front garden, wall boarder

Lounge 11' 6" x 11' 5" ( 3.51m x 3.48m )
Double glazed window to the front of the property, gas fiire, carpeted, ceiling light point, radiator

Kitchen  12' 1" x 11' 6" ( 3.68m x 3.51m )
Double glazed winidow to the rear of the property, ceiling light point, sink with a range of base units with a roll top worksurface,

Landing 
Loft access, radiator

Bedroom One 12' 10" x 11' 3" ( 3.91m x 3.43m )
Double glazed window to the front of the property, laminate flooring, ceiling light point, radiator

Bedroom Two 12' 3" x 8' ( 3.73m x 2.44m )
Double glazed window to the rear of the property, laminate flooring, ceiling light point, radiator

Bathroom  
Double glazed window to the rear of the property, bath with over head shower, WC, sink, radiator, tiled flooring, ceiling light point

Rear Garden  
shared side access, slabbed garden low maintenance

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Shipways, Great Barr

0121 387 6303

Next Steps?

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