3 Bed Terraced House, Single Let, Smethwick, B67 5QB, £200,000

Slatch House Road, Smethwick, B67 5QB - 6 months ago

Sold STC

BTL

ROI: 5%

~93 m²

+17 photos

ValuationUndervalued

Sold Prices	£150K - £2.4M
Sold Prices/m²	£1.9K/m² - £26.1K/m²

Square Metres	~93 m²
Price/m²	£2.2K/m²
Value Estimate	£243,295£243,295
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£850 - £3,000£850 - £3,000
Rent Estimate	£1,100
Running Costs/mo	£865£865
Cashflow/mo	£235£235
Cashflow/yr	£2,820£2,820
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £150K to £2.4M, average is £232.5K. £1.9K/m² to £26.1K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£206K	07/23	0 mi	60, Slatch House Road, Smethwick, West Midlands B67 5QB	-	-	3	Terraced House
£210K	12/21	0 mi	78, Slatch House Road, Smethwick, West Midlands B67 5QB	£2,727	77	3	Semi-Detached House
£160K	03/21	0 mi	80, Slatch House Road, Smethwick, West Midlands B67 5QB	£2,353	68	3	Semi-Detached House
£159.9K	02/21	0.06 mi	15, Slatch House Road, Smethwick, West Midlands B67 5QD	£2,222	72	3	Terraced House
£200K	11/21	0.06 mi	91, Alexander Road, Smethwick, West Midlands B67 5PZ	-	-	3	Semi-Detached House
£325K	09/23	0.1 mi	30, Woodbourne Road, Smethwick, West Midlands B67 5LY	-	-	3	Terraced House
£255K	08/21	0.11 mi	48, Woodbourne Road, Smethwick, West Midlands B67 5LZ	-	-	3	Semi-Detached House
£340K	12/20	0.11 mi	39, Woodbourne Road, Smethwick, West Midlands B67 5LZ	£2,636	129	3	Semi-Detached House
£185K	09/21	0.11 mi	85, Hamilton Road, Smethwick, West Midlands B67 5QF	£2,606	71	3	Semi-Detached House
£150K	07/23	0.11 mi	60, Hamilton Road, Smethwick, West Midlands B67 5QF	£1,921	78	3	Semi-Detached House
£238K	02/23	0.11 mi	37, Hamilton Road, Smethwick, West Midlands B67 5QF	-	-	3	Semi-Detached House
£341K	10/22	0.12 mi	2, Woodbourne Road, Smethwick, West Midlands B67 5LY	-	-	3	Semi-Detached House
£235K	09/21	0.12 mi	104, Abbey Road, Smethwick, West Midlands B67 5LP	£2,106	112	3	Terraced House
£265K	05/21	0.13 mi	153, Abbey Road, Smethwick, West Midlands B67 5LX	£3,081	86	3	Semi-Detached House
£230K	07/23	0.14 mi	34, Hamilton Road, Smethwick, West Midlands B67 5QE	-	-	3	Semi-Detached House
£218K	02/21	0.14 mi	4, Hamilton Road, Smethwick, West Midlands B67 5QE	£2,627	83	3	Semi-Detached House
£165K	10/21	0.14 mi	3, Hamilton Road, Smethwick, West Midlands B67 5QE	-	-	3	Terraced House
£155K	01/21	0.14 mi	7, Hamilton Road, Smethwick, West Midlands B67 5QE	£2,153	72	3	Semi-Detached House
£304.9K	12/22	0.14 mi	4, Hamilton Road, Smethwick, West Midlands B67 5QE	£3,674	83	3	Semi-Detached House
£400K	08/23	0.14 mi	72, Woodbourne Road, Smethwick, West Midlands B67 5NB	£4,494	89	3	Semi-Detached House
£181K	11/21	0.16 mi	10, Alexander Road, Smethwick, West Midlands B67 5PX	£2,479	73	3	Terraced House
£275K	06/21	0.16 mi	246, Galton Road, Smethwick, West Midlands B67 5JL	£2,926	94	3	Terraced House
£243K	01/21	0.16 mi	238, Galton Road, Smethwick, West Midlands B67 5JL	£2,460	99	3	Terraced House
£205K	08/22	0.16 mi	18, Rathbone Road, Bearwood, Smethwick, West Midlands B67 5JQ	-	-	3	Semi-Detached House
£222.5K	03/23	0.18 mi	36, Sydney Road, Smethwick, West Midlands B67 5QQ	£3,225	69	3	Semi-Detached House
£320K	02/23	0.2 mi	71, Pitcairn Road, Smethwick, West Midlands B67 5NE	-	-	3	Semi-Detached House
£200K	02/21	0.2 mi	80, Norman Road, Smethwick, West Midlands B67 5PS	-	-	3	Semi-Detached House
£325K	01/23	0.2 mi	48, Pitcairn Road, Smethwick, West Midlands B67 5NE	£3,125	104	3	Semi-Detached House
£375K	05/23	0.2 mi	46, Pitcairn Road, Smethwick, West Midlands B67 5NE	-	-	3	Semi-Detached House
£340.5K	03/21	0.2 mi	69, Pitcairn Road, Smethwick, West Midlands B67 5NE	£3,661	93	3	Semi-Detached House
£322K	03/23	0.2 mi	11, Rathbone Road, Bearwood, Smethwick, West Midlands B67 5JG	£3,096	104	3	Terraced House
£316K	06/21	0.2 mi	19, Rathbone Road, Bearwood, Smethwick, West Midlands B67 5JG	-	-	3	Terraced House
£199K	03/21	0.2 mi	41, Rathbone Road, Bearwood, Smethwick, West Midlands B67 5JG	£2,140	93	3	Terraced House
£345K	12/20	0.21 mi	211, Abbey Road, Smethwick, West Midlands B67 5NG	£2,537	136	3	Semi-Detached House
£357.5K	10/22	0.21 mi	213, Abbey Road, Smethwick, West Midlands B67 5NG	£3,803	94	3	Semi-Detached House
£174K	12/20	0.21 mi	227, Galton Road, Smethwick, West Midlands B67 5JH	£1,933	90	3	Terraced House
£250K	02/21	0.21 mi	219, Galton Road, Smethwick, West Midlands B67 5JH	£2,404	104	3	Terraced House
£170K	02/23	0.23 mi	6, Trinder Road, Smethwick, West Midlands B67 5NU	£2,967	57	3	Semi-Detached House
£220K	06/23	0.24 mi	40, Trinder Road, Smethwick, West Midlands B67 5NX	-	-	3	Semi-Detached House
£2.4M	01/23	0.24 mi	57, Abbey Road, Smethwick, West Midlands B67 5LG	£26,087	92	3	Terraced House
£194K	08/21	0.25 mi	153, Park Road, Smethwick, West Midlands B67 5HU	£2,230	87	3	Terraced House
£247K	11/22	0.25 mi	179, Park Road, Smethwick, West Midlands B67 5HU	£2,839	87	3	Semi-Detached House
£174.9K	08/21	0.25 mi	63, Pargeter Road, Smethwick, West Midlands B67 5HY	-	-	3	Terraced House
£275K	12/22	0.26 mi	2, Lincoln Road, Smethwick, West Midlands B67 5PR	-	-	3	Semi-Detached House
£332K	03/23	0.27 mi	241, Abbey Road, Smethwick, West Midlands B67 5NN	£3,952	84	3	Terraced House
£265K	01/23	0.28 mi	151, Galton Road, Smethwick, West Midlands B67 5JT	-	-	3	Terraced House
£157.5K	12/20	0.29 mi	115, Wigorn Road, Smethwick, West Midlands B67 5HF	£1,921	82	3	Terraced House
£206K	12/22	0.29 mi	27, Katherine Road, Smethwick, West Midlands B67 5QZ	£2,102	98	3	Terraced House
£222K	04/21	0.3 mi	110, Galton Road, Smethwick, West Midlands B67 5JS	£2,643	84	3	Terraced House
£220K	05/21	0.3 mi	165, Galton Road, Smethwick, West Midlands B67 5JT	£2,157	102	3	Terraced House

Local Rents

37 rents from £850/mo to £3K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	12/24	0.24 mi	-	3	Terraced House
£1,200	12/24	0.24 mi	Park Road, Smethwick, B67	3	Terraced House
£1,200	12/24	0.24 mi	Bowling Green Drive, Smethwick, B67	3	Detached House
£1,200	03/24	0.24 mi	-	3	Semi-Detached House
£1,250	04/25	0.24 mi	-	3	Semi-Detached House
£950	12/24	0.28 mi	Pavilion Avenue, Smethwick	3	Detached House
£850	12/24	0.31 mi	Galton Road, Bearwood, B67	3	Terraced House
£1,200	04/25	0.32 mi	-	3	Terraced House
£1,150	12/24	0.32 mi	Galton Road, Smethwick, West Midlands, B67	3	Terraced House
£1,300	12/24	0.39 mi	Galton Road, Bearwood, Birmingham, B67 5JX	3	Terraced House
£1,270	04/25	0.42 mi	-	3	Terraced House
£1,600	12/24	0.42 mi	Woodland, Abby Road, B67	3	Detached House
£1,600	12/24	0.42 mi	Woodland, Pottery Road, Smethwick, Birmingham, B67	3	Detached House
£1,195	12/24	0.44 mi	Addenbrooke Road, Smethwick	3	Detached House
£1,175	12/24	0.45 mi	Harold Road, Smethwick	3	Terraced House
£1,195	12/24	0.47 mi	Reginald Road, Smethwick	3	Flat
£1,395	12/24	0.5 mi	Mill Hill, Smethwick	3	Detached House
£3,000	03/24	0.51 mi	-	3	Terraced House
£1,100	12/24	0.51 mi	Harvest Road, Smethwick	3	Detached House
£1,100	12/24	0.53 mi	Warley Hall Road, OLDBURY	3	Flat
£1,250	12/24	0.53 mi	Lightwoods Road, Bearwood, B67 5BH	3	Terraced House
£1,350	12/24	0.54 mi	Lightwoods Road, Smethwick, B67	3	Terraced House
£1,350	03/24	0.54 mi	-	3	Terraced House
£1,200	04/25	0.54 mi	-	3	Semi-Detached House
£950	12/24	0.54 mi	Old Chapel Road, Smethwick	3	Flat
£1,000	12/24	0.55 mi	-	3	Terraced House
£1,350	04/25	0.58 mi	-	3	Semi-Detached House
£1,000	04/25	0.58 mi	-	3	Terraced House
£2,400	03/24	0.58 mi	-	3	Terraced House
£1,300	12/24	0.58 mi	-	3	Terraced House
£1,400	02/25	0.58 mi	-	3	Terraced House
£1,150	12/24	0.59 mi	Abbey Crescent, Oldbury	3	Detached House
£1,150	12/24	0.59 mi	Abbey Crescent, Oldbury	3	Detached House
£1,350	01/25	0.6 mi	-	3	Terraced House
£1,350	04/25	0.6 mi	-	3	Terraced House
£1,300	12/24	0.61 mi	-	3	Semi-Detached House
£1,675	12/24	0.62 mi	Monmouth Road, SMETHWICK	3	Flat

Local Area Statistics

Population in B67	29,85329,853
Population in Smethwick	51,34451,344
Town centre distance	0.82 miles away0.82 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.25 miles away1.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+19%+19%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+44%+44%

Property History

Listed for £200,000

October 16, 2024

Description

A viewing is recommended on this NO CHAIN THREE BEDROOM End Terrace FAMILY HOME briefly comprising Entrance Hallway, Lounge, Fitted Kitchen Diner with window overlooking Garden and Door leading to Patio, Downstairs W/C, Three Bedrooms and Family Bathroom. Mature Garden to Rear with Patio Area, Lawn, Storage Shed and Side Access. To the front is a Lawn and steps up to the propery with the potential for a driveway. Located close to Warley Woods, local schools, amenities and transport links. EPC D

Agent Details

Dixons, Bearwood

0121 387 6271

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents