3 Bed Terraced House, Motivated Seller, Smethwick, B66 2BU, £185,000

68 Lewisham Road, Smethwick, West Midlands, B66 2BU - 15 views - 6 months ago

Motivated
BTL
ROI: 3%
108 m²
+12 photos

ValuationUndervalued

Sold Prices£60K - £295K
Sold Prices/m²£690/m² - £3K/m²

 

 

Square Metres

108 m²
Price/m²£1.7K/m²

Value Estimate

£197,680
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£700 - £1,500

Rent Estimate

£900

Running Costs/mo

£778

Cashflow/mo

£122

Cashflow/yr

£1,463

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £60K to £295K, average is £157.3K. £690/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£170K06/230.01 mi61, Lewisham Road, Smethwick, West Midlands B66 2BU3
£90K02/210.09 mi60, Sydenham Road, Smethwick, West Midlands B66 2DF3
£145K06/210.09 mi77, Sydenham Road, Smethwick, West Midlands B66 2DF3
£60K04/230.11 mi124, Oxford Road, Smethwick, West Midlands B66 2DJ3
£211K09/220.24 mi7, Laurel Drive, Smethwick, West Midlands B66 2HT3
£105K12/200.34 mi14, Bridge Street South, Smethwick, West Midlands B66 3DR3
£146K11/210.41 mi10, Albion Road, Sandwell, West Bromwich, West Midlands B71 4LL3
£160K03/210.41 mi20, Albion Road, Sandwell, West Bromwich, West Midlands B71 4LL3
£210K11/220.47 mi75, St Stephens Road, West Bromwich, West Midlands B71 4LP3
£190K12/220.48 mi63, St Stephens Road, West Bromwich, West Midlands B71 4LP3
£148K02/210.52 mi36, St Albans Road, Smethwick, West Midlands B67 7NH3
£148K02/210.53 mi36, St Albans Road, Smethwick, West Midlands B67 7NH3
£191K04/230.54 mi23, Queens Close, Smethwick, West Midlands B67 7DY3
£220K11/220.54 mi26a, St Pauls Road, Smethwick, West Midlands B66 1EQ3
£195K12/220.56 mi11, Metric Walk, Smethwick, West Midlands B67 7DX3
£150K11/200.56 mi12, Bowden Road, Smethwick, West Midlands B67 7PA3
£130K12/200.56 mi35, Bowden Road, Smethwick, West Midlands B67 7PA3
£117K11/200.56 mi23, Draycott Road, Smethwick, West Midlands B66 1QP3
£202.5K03/230.58 mi146, Sabell Road, Smethwick, West Midlands B67 7PL3
£160K03/230.58 mi23, Dynes Walk, Smethwick, West Midlands B67 7DU3
£177K07/230.6 mi87, St Albans Road, Smethwick, West Midlands B67 7NJ3
£155K03/210.6 mi113, Stony Lane, Smethwick, West Midlands B67 7QJ3
£143K03/230.61 mi41, Junction Road, Birmingham, West Midlands B21 0EN3
£138.5K02/210.61 mi44, Bertram Road, Smethwick, West Midlands B67 7NY3
£180K04/230.64 mi70, Bowden Road, Smethwick, West Midlands B67 7NX3
£200K04/230.65 mi24, Earlsmead Road, Birmingham, West Midlands B21 0HY3
£151K04/210.65 mi1, Honiton Walk, Smethwick, West Midlands B66 3HR3
£240K03/230.66 mi15, Firs Lane, Smethwick, West Midlands B67 6AD3
£129K05/210.66 mi30, Earlsmead Road, Birmingham, West Midlands B21 0HY3
£238K08/210.66 mi78, Coopers Lane, Smethwick, West Midlands B67 7DJ3
£140K09/210.66 mi175, Clarence Road, Handsworth, Birmingham, West Midlands B21 0EF3
£165K11/220.66 mi129, Clarence Road, Handsworth, Birmingham, West Midlands B21 0EF3
£170K03/210.66 mi94, Bertram Road, Smethwick, West Midlands B67 7NZ3
£157K11/200.67 mi87, Topsham Road, Smethwick, West Midlands B67 7LY3
£157.5K02/210.68 mi60, Topsham Road, Smethwick, West Midlands B67 7LZ3
£203K03/230.69 mi117, Junction Road, Birmingham, West Midlands B21 0EU3
£101K05/210.69 mi123, Junction Road, Birmingham, West Midlands B21 0EU3
£218K10/220.69 mi9, Malvern Road, Handsworth, Birmingham, West Midlands B21 0AT3
£146.3K03/210.7 mi3, Bush Avenue, Smethwick, West Midlands B66 3LD3
£196K04/230.7 mi125, Woodland Road, Handsworth, Birmingham, West Midlands B21 0ET3
£295K02/230.7 mi78, Coopers Lane, Smethwick, West Midlands B67 7DJ3
£120K05/230.72 mi24, Clarence Road, Handsworth, Birmingham, West Midlands B21 0EA3
£139K06/210.72 mi90, Station Road, Handsworth, Birmingham, West Midlands B21 0EX3
£139K06/210.72 mi104, Station Road, Handsworth, Birmingham, West Midlands B21 0EX3
£218K09/210.72 mi132, Hugh Road, Smethwick, West Midlands B67 7JR3
£225K11/220.72 mi107, Station Road, Handsworth, Birmingham, West Midlands B21 0HA3
£130K10/230.73 mi25, Craddock Road, Smethwick, West Midlands B67 7AS3
£108K12/210.74 mi22, Woodland Road, Handsworth, Birmingham, West Midlands B21 0ER3
£110K10/210.74 mi19, Highfield Road, Smethwick, West Midlands B67 6AP3
£241K03/230.74 mi2, Frank Road, Smethwick, West Midlands B67 7NR3

Local Rents

12 rents from £700/mo to £1.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£70012/240.4 miMiddlemore Road, WEST BROMWICH3
£1,20012/240.41 miRoslyn Close, Smethwick, West Midlands, B663
£1,42512/240.45 mi-3
£1,18012/240.47 miSt. Stephens Road, West Bromwich, B713
£1,18003/240.47 mi-3
£1,15002/250.47 mi-3
£1,45002/240.52 mi-3
£1,30012/240.53 miCrocketts Lane, Smethwick, Birmingham3
£1,50002/240.56 mi-3
£1,30004/250.56 mi-3
£1,15512/240.59 miSmethwick, West Midlands, B673
£1,30004/250.61 mi-3

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Listed for £185,000

October 16, 2024

Sold for £35,000

2000

Floor Plans

Description

  • TWO RECEPTION ROOMS +
  • THREE BEDROOMS +
  • WITHIN WALKING DISTANCE TO TRANSPORT ROUTES +
  • REAR GARDEN +
  • FAMILY BATHROOM +

SUMMARY
*Hot Properties in Smethwick!* Explore exceptional homes in the heart of Smethwick brought to you by Connells Bearwood perfect for first time buyers and investors. Don't wait - these properties sell fast! *Contact Us Today *

DESCRIPTION
This three bedroom property is within a two mile radius to several train stations, such as; Langley Green Station, Smethwick Rolfe Street Station, Smethwick Galton Bridge Station and Rowley Regis Station. There are also multiple bus stops within walking distance of the property giving access to the surrounding towns and Birmingham City Centre.

Lewisham Road has a variety of good schools within a one mile radius,Doctor's surgeries, opticians and dentists are within a one mile radius, also with the access to public transport you should never be pushed for finding any of these.

As well as Birmingham City Centre for shopping needs, there are also the options of Windmills Shopping Centre Smethwick and Bearwood High Street under two miles from the property, giving you a wider range of grocery stores, clothes shops and more.

Ground Floor 

Lounge 
Having a double-glazed window to the front aspect, ceiling light point and radiator.

Dining Room 
Having a double-glazed window to the rear aspect, stairs rising to first floor, storage cupboard, ceiling light point, and radiator.

Kitchen 
Fitted kitchen with a range of wall and base units, double-glazed window to side aspect, cookerhood, plumbing for washing machine, sink with drainer, and radiator.

Bathroom 
Having an obscured window to the side aspect, corner bath with mixer tap, W.C, hand wash basin, radiator, and ceiling light point.

Garden 
Paved back yard.

First Floor 

Landing 
Ceiling light point, radiator, and access unto;

Bedroom One 
Having a double-glazed window to the front aspect, storage cupboard, ceiling light point, and radiator.

Bedroom Two 
Having a double-glazed window to the rear aspect, ceiling light point, and radiator.

Bedroom Three 
Having a double-glazed window to the rear aspect, ceiling light point, and radiator.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, B'ham West - Bearwood

0121 387 6256

Next Steps?

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