3 Bed Terraced House, Single Let, Birmingham, B32 3QE, £230,000

Malpas Drive, Birmingham, B32 3QE - 3 views - 6 months ago

BTL
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£62.5K - £265K
Sold Prices/m²£743/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£205,732

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£900 - £1,800

Rent Estimate

£900

Running Costs/mo

£919

Cashflow/mo

£-19

Cashflow/yr

£-225

Gross Yield

5%

Local Sold Prices

50 sold prices from £62.5K to £265K, average is £179.5K. £743/m² to £4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£139K05/210.03 mi35, Malpas Drive, Birmingham, West Midlands B32 3QE3
£110K10/210.05 mi38, Malpas Drive, Birmingham, West Midlands B32 3QF3
£130K12/200.08 mi27, Field Lane, Bartley Green, Birmingham, West Midlands B32 3JT3
£115K01/210.1 mi16, Culford Drive, Birmingham, West Midlands B32 3JH3
£115K01/210.1 mi16, Culford Drive, Birmingham, West Midlands B32 3JH3
£225K07/230.1 mi24, Romsley Road, Birmingham, West Midlands B32 3PS3
£170K12/230.13 mi8, Romsley Road, Birmingham, West Midlands B32 3QB3
£105K03/210.16 mi19, Adams Hill, Birmingham, West Midlands B32 3QJ3
£189K12/200.16 mi9, Scotland Lane, Birmingham, West Midlands B32 4BU3
£238K01/230.23 mi43, Highmore Drive, Birmingham, West Midlands B32 3JY3
£215K11/200.23 mi22, Highmore Drive, Birmingham, West Midlands B32 3JY3
£220K01/240.23 mi5, Willow Coppice, Birmingham, West Midlands B32 3JA3
£172.5K04/210.23 mi23, Willow Coppice, Birmingham, West Midlands B32 3JA3
£165K04/210.23 mi17, Willow Coppice, Birmingham, West Midlands B32 3JA3
£62.5K01/210.26 mi24, Wolverley Road, Birmingham, West Midlands B32 4EH3
£235K01/210.26 mi9, Jiggins Lane, Birmingham, West Midlands B32 3LE3
£186.7K12/200.26 mi64, Hasbury Road, Birmingham, West Midlands B32 4ED3
£247.5K03/230.27 mi18, Hightree Close, Birmingham, West Midlands B32 3QP3
£192K07/230.27 mi224, Adams Hill, Birmingham, West Midlands B32 3PJ3
£231K06/230.3 mi9, The Knoll, Birmingham, West Midlands B32 3HZ3
£188K11/230.3 mi5, Carmel Grove, Birmingham, West Midlands B32 3PL3
£147K05/240.32 mi29, Vinnall Grove, Birmingham, West Midlands B32 4EJ3
£175K03/240.33 mi34, Pickering Croft, Birmingham, West Midlands B32 3LN3
£210K06/210.33 mi105, Jiggins Lane, Birmingham, West Midlands B32 3LD3
£215K01/230.34 mi201, Field Lane, Bartley Green, Birmingham, West Midlands B32 4HL3
£170K06/230.34 mi126, Jiggins Lane, Birmingham, West Midlands B32 3LB3
£180K08/210.34 mi130, Jiggins Lane, Birmingham, West Midlands B32 3LB3
£172.5K06/210.35 mi34, Trippleton Avenue, Birmingham, West Midlands B32 4DE3
£230K01/230.37 mi25, Trimpley Road, Birmingham, West Midlands B32 3PE3
£152K10/230.37 mi15, Windsor View, Birmingham, West Midlands B32 4DB3
£240K03/230.37 mi54, Windsor View, Birmingham, West Midlands B32 4DB3
£167.5K09/210.37 mi123, Ambleside, Birmingham, West Midlands B32 3HX3
£95K02/210.37 mi8, Flavell Close, Birmingham, West Midlands B32 3NY3
£230K09/210.37 mi5, Flavell Close, Birmingham, West Midlands B32 3NY3
£265K05/240.37 mi3, Flavell Close, Birmingham, West Midlands B32 3NY3
£179K02/210.37 mi121, Jiggins Lane, Birmingham, West Midlands B32 3EL3
£160K06/230.38 mi16, Tantallon Drive, Birmingham, West Midlands B32 3LT3
£184K11/200.38 mi27, Trippleton Avenue, Birmingham, West Midlands B32 4DG3
£122K04/210.39 mi42, Burrington Road, Birmingham, West Midlands B32 4DS3
£197.5K05/230.39 mi38, Burrington Road, Birmingham, West Midlands B32 4DS3
£160K12/200.4 mi9, Green Drive, Birmingham, West Midlands B32 3HU3
£156K09/210.4 mi17, Woodgate Drive, Birmingham, West Midlands B32 4AE3
£165K05/210.4 mi27, Woodgate Drive, Birmingham, West Midlands B32 4AE3
£170K07/210.4 mi41, Woodgate Drive, Birmingham, West Midlands B32 4AE3
£243K12/200.4 mi4, Fernwoods, Birmingham, West Midlands B32 3RL3
£230K10/210.41 mi24, Heathy Farm Close, Birmingham, West Midlands B32 3PA3
£250K05/230.41 mi174, Jiggins Lane, Birmingham, West Midlands B32 3EN3
£166K06/230.41 mi6, Monmouth Road, Birmingham, West Midlands B32 3LX3
£181K03/230.41 mi15, Kingsbridge Road, Birmingham, West Midlands B32 3EU3
£185K08/240.42 mi111, Wood Lane, Woodgate, Birmingham, West Midlands B32 4AG3

Local Rents

51 rents from £900/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10004/250.31 mi-3
£1,15012/240.32 miBigwood Drive, Birmingham, West Midlands, B323
£1,15012/240.32 miBigwood Drive, Birmingham, West Midlands, B323
£1,00012/240.37 miAmbleside, Bartley Green, B323
£1,35004/250.37 mi-3
£1,15003/250.41 mi-3
£1,15004/250.41 mi-3
£1,49512/240.42 mi-3
£1,65003/250.62 mi-3
£90012/240.67 miMoors Lane, Northfield, B313
£1,05003/250.81 mi-3
£1,00012/240.82 mi-3
£1,10004/250.83 mi-3
£1,20012/240.84 miCromwell Lane, BIRMINGHAM3
£1,70002/250.84 mi-3
£1,80004/250.84 mi-3
£1,80004/250.84 mi-3
£1,25012/240.86 miHomedene Road, Birmingham, B31 1EW3
£1,10001/240.91 mi-3
£1,40012/240.93 miThe Dell, Northfield, B313
£90012/240.96 miKewstoke Croft, Northfield, Birmingham, West Midlands, B31 1JG3
£1,29512/240.98 miDavena Drive, Quinton, Birmingham3
£1,29512/240.98 miDavena Drive, Quinton, Birmingham3
£1,29512/240.98 miDavena Drive, Quinton, Birmingham3
£1,25012/240.98 miDavena Drive, Quinton, Birmingham3
£1,10012/240.98 miForsythia Close, BIRMINGHAM3
£1,10012/240.98 miForsythia Close, Northfield3
£1,20002/251 mi-3
£1,30001/241 mi-3
£1,39904/251.02 mi-3
£1,25012/241.06 miShenley Lane, Birmingham, B293
£1,15001/251.06 mi-3
£1,25002/241.09 mi-3
£1,26001/251.09 mi-3
£1,04512/241.13 miAckleton Grove, Birmingham, B29 3
£1,20012/241.13 mi-3
£1,20012/241.13 mi-3
£1,30012/241.15 mi-3
£1,10512/241.15 miIlmington Road, Birmingham3
£1,10512/241.16 mi14 Ilmington Road, Selly Oak, Birmingham3
£1,30003/251.16 mi-3
£1,25002/241.16 mi-3
£1,25002/241.16 mi-3
£1,26003/251.18 mi-3
£1,20003/251.18 mi-3
£1,35001/241.19 mi-3
£95012/241.19 miPeach Ley Road, Selly Oak, B293
£1,20012/241.21 miSomerford Road, Birmingham, B293
£1,17512/241.21 mi-3
£1,30012/241.21 mi-3
£1,29503/251.21 mi-3

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

5.48 miles away

Nearest school

0.10 miles away

Nearest train station

2.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £230,000

October 23, 2024

Sold for £210,000

2022

Sold for £139,000

2021

Floor Plans

Description

  • Modern terraced house +
  • Rear lounge +
  • Kitchen/dining room +
  • Downstairs WC +
  • Three bedrooms +
  • Family bathroom +
  • Gas central heating and double glazing +
  • Garage +
  • Driveway +
  • Mature rear garden +

A fantastic opportunity to purchase an immaculate three bedroom mid terraced property in this sought after location. This versatile and flexible property is presented to a high standard throughout and is ready to move straight into. It offers ample space for a growing family and could also be considered as a great buy to let opportunity. The current owners have made a number of improvements including a modern kitchen, bathroom with shower, and light neutral decor throughout. Situated in the heart of Bartley Green, the property benefits from numerous local amenities and is within walking distance of several popular schools. Slightly further afield is an Asda supermarket, Woodgate Valley Country Park, and Senneleys Park. The popular Harborne high street is a short car journey away with plenty of restaurants and pubs. Commuting into the city centre is straightforward via the Hagley Road, the motorway network is accessible via J3 of the M5 and there are ample buses on hand for public transport needs.
The accommodation, which benefits double glazing and a gas fired central heating system, briefly comprises; porch, hallway, lounge, kitchen/dining room, landing, three bedrooms, family bathroom. It should be noted that all three bedrooms are of an excellent size ie no box room.  Externally the property provides a front driveway for off road parking leading to the garage. To the rear is a mature garden with pathway to the rear, a number of mature shrubs & trees, and a useful brick built storage shed. Rooms and measurements (where applicable): Porch Hallway
Downstairs WC Kitchen/Dining Room - 16ft3 x 9ft10 Lounge - 16ft2 x 12ft5 Landing Bedroom One - 13ft5 x 9ft10 Bedroom Two - 15ft6 x 8ft6 Bedroom Three - 9ft8 x 7ft3 Family Bathroom - 8ft10 x 5ft10 Garage

EPC Band: D Tenure: Freehold Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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