3 Bed Terraced House, Single Let, Birmingham, B18 4QA, £170,000

Willes Road, Birmingham, West Midlands, B18 4QA - 1 views - 5 months ago

Sold STC

BTL

ROI: 5%

~101 m²

+6 photos

ValuationFair Value

Sold Prices	£60K - £260K
Sold Prices/m²	£698/m² - £3.3K/m²

Square Metres	~100.70 m²
Price/m²	£1.7K/m²
Value Estimate	£170,889£170,889

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£9,700£9,700
Total Cash In	£52,200£52,200

Cash Out
Rent Range	£925 - £3,499£925 - £3,499
Rent Estimate	£956
Running Costs/mo	£742£742
Cashflow/mo	£214£214
Cashflow/yr	£2,563£2,563
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £60K to £260K, average is £145K. £698/m² to £3.3K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£140K	10/22	0 mi	131, Willes Road, Birmingham, West Midlands B18 4QA	£2,188	64	3	Terraced House
£105K	05/21	0 mi	145, Willes Road, Birmingham, West Midlands B18 4QA	£1,458	72	3	Terraced House
£135K	01/21	0.06 mi	102, Markby Road, Birmingham, West Midlands B18 4PN	£1,484	91	3	Terraced House
£120K	12/20	0.1 mi	44, Willes Road, Birmingham, West Midlands B18 4PY	£1,905	63	3	Terraced House
£134.5K	03/21	0.1 mi	37, Markby Road, Birmingham, West Midlands B18 4PP	-	-	3	Terraced House
£134.5K	03/21	0.1 mi	37, Markby Road, Birmingham, West Midlands B18 4PP	-	-	3	Terraced House
£172K	03/23	0.1 mi	48, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ	£2,389	72	3	Terraced House
£100K	07/21	0.1 mi	31, Beeton Road, Birmingham, West Midlands B18 4QD	£1,316	76	3	Terraced House
£158.5K	05/23	0.11 mi	5, Beeton Road, Birmingham, West Midlands B18 4QD	£1,910	83	3	Terraced House
£218K	09/22	0.18 mi	88, Handsworth New Road, Birmingham, West Midlands B18 4QQ	£1,863	117	3	Terraced House
£103K	10/21	0.18 mi	87, Perrott Street, Birmingham, West Midlands B18 4LZ	£1,120	92	3	Terraced House
£120K	04/21	0.18 mi	73, Perrott Street, Birmingham, West Midlands B18 4LZ	-	-	3	Semi-Detached House
£130K	04/21	0.24 mi	122, Bacchus Road, Birmingham, West Midlands B18 4QR	£1,529	85	3	Terraced House
£145.5K	04/23	0.24 mi	32, Eva Road, Birmingham, West Midlands B18 4NQ	-	-	3	Terraced House
£116K	10/20	0.24 mi	5, Eva Road, Birmingham, West Midlands B18 4NH	£1,966	59	3	Terraced House
£140K	02/23	0.26 mi	135, Nineveh Road, Birmingham, West Midlands B21 0SY	-	-	3	Terraced House
£165K	11/20	0.26 mi	17, Foxcote Avenue, Birmingham, West Midlands B21 0TL	£2,089	79	3	Semi-Detached House
£165K	11/20	0.26 mi	17, Foxcote Avenue, Birmingham, West Midlands B21 0TL	£2,089	79	3	Semi-Detached House
£260K	06/22	0.27 mi	8, Foxcote Avenue, Birmingham, West Midlands B21 0TL	-	-	3	Semi-Detached House
£195K	04/23	0.27 mi	102, Boulton Road, Birmingham, West Midlands B21 0RE	£1,726	113	3	Terraced House
£242.5K	11/22	0.28 mi	55, Reynolds Road, Birmingham, West Midlands B21 0TH	£3,277	74	3	Semi-Detached House
£165K	03/23	0.29 mi	48, Mary Road, Handsworth, Birmingham, West Midlands B21 0RH	£2,037	81	3	Terraced House
£180K	10/20	0.3 mi	59, Tew Park Road, Birmingham, West Midlands B21 0TP	£1,875	96	3	Terraced House
£140K	03/21	0.31 mi	44, Dora Road, Handsworth, Birmingham, West Midlands B21 0RL	£1,667	84	3	Terraced House
£163K	11/22	0.31 mi	117, Boulton Road, Birmingham, West Midlands B21 0RD	£1,964	83	3	Terraced House
£175K	01/23	0.33 mi	12, Merryhill Drive, Birmingham, West Midlands B18 5HJ	£2,683	65	3	Terraced House
£165K	08/21	0.37 mi	160, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN	-	-	3	Terraced House
£150K	12/20	0.37 mi	148, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN	£2,113	71	3	Terraced House
£142K	03/21	0.37 mi	166, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN	£1,449	98	3	Terraced House
£145K	05/21	0.37 mi	164, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN	£1,648	88	3	Terraced House
£142K	03/21	0.37 mi	166, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN	£1,449	98	3	Terraced House
£132K	04/21	0.4 mi	25, Grasmere Road, Birmingham, West Midlands B21 0UP	£1,808	73	3	Terraced House
£220K	08/22	0.4 mi	5, Haseley Road, Birmingham, West Midlands B21 0QU	-	-	3	Semi-Detached House
£205K	08/22	0.4 mi	1, Haseley Road, Birmingham, West Midlands B21 0QU	-	-	3	Detached House
£132K	08/22	0.41 mi	31, Blackford Street, Birmingham, West Midlands B18 4BN	£1,668	79	3	Terraced House
£138K	01/21	0.41 mi	49, Nineveh Road, Birmingham, West Midlands B21 0SU	£1,840	75	3	Terraced House
£260K	09/22	0.42 mi	18, Navigation Way, Hockley, Birmingham, West Midlands B18 5RW	£2,737	95	3	Semi-Detached House
£115K	10/20	0.43 mi	49, Alexandra Road, Handsworth, Birmingham, West Midlands B21 0PL	£1,402	82	3	Terraced House
£132.5K	04/21	0.44 mi	16, Babington Road, Birmingham, West Midlands B21 0QE	£1,616	82	3	Terraced House
£145K	12/20	0.46 mi	9, Bryant Street, Birmingham, West Midlands B18 4BH	£1,543	94	3	Terraced House
£180K	09/21	0.47 mi	65, Holliday Road, Handsworth, Birmingham, West Midlands B21 0UH	£1,754	103	3	Terraced House
£129K	02/23	0.48 mi	56, Sycamore Road, Handsworth, Birmingham, West Midlands B21 0QL	£1,173	110	3	Terraced House
£141K	11/22	0.49 mi	4, Babington Road, Birmingham, West Midlands B21 0QE	£1,621	87	3	Semi-Detached House
£200K	11/22	0.5 mi	21, Alexandra Avenue, Birmingham, West Midlands B21 0PH	-	-	3	Semi-Detached House
£185K	08/21	0.51 mi	7, Cranmore Avenue, Birmingham, West Midlands B21 0PJ	£2,284	81	3	Semi-Detached House
£120K	10/21	0.55 mi	4, South Road Avenue, Birmingham, West Midlands B18 5JR	£1,622	74	3	Terraced House
£240K	02/22	0.58 mi	144, South Road, Hockley, Birmingham, West Midlands B18 5LE	£2,353	102	3	Semi-Detached House
£200K	09/22	0.62 mi	219, South Road, Hockley, Birmingham, West Midlands B18 5JP	£2,299	87	3	Terraced House
£150K	01/23	0.63 mi	2, Shireland Brook Gardens, Birmingham, West Midlands B18 4JP	£2,586	58	3	Semi-Detached House
£60K	11/20	0.64 mi	30, Brearley Street, Handsworth, Birmingham, West Midlands B21 0JJ	£698	86	3	Terraced House

Local Rents

25 rents from £925/mo to £3.5K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,050	02/25	0.09 mi	-	3	Terraced House
£1,250	03/24	0.09 mi	-	3	Terraced House
£1,350	12/24	0.09 mi	-	3	Terraced House
£1,100	03/25	0.09 mi	-	3	Terraced House
£1,500	03/25	0.09 mi	-	3	Detached House
£950	12/24	0.16 mi	-	3	Terraced House
£1,350	03/24	0.17 mi	-	3	Terraced House
£1,350	12/24	0.17 mi	-	3	Terraced House
£1,350	02/25	0.17 mi	-	3	Terraced House
£1,150	02/24	0.21 mi	-	3	Terraced House
£1,025	02/25	0.39 mi	-	3	Terraced House
£925	12/24	0.45 mi	Devonshire Street, BIRMINGHAM	3	Flat
£1,000	02/24	0.46 mi	-	3	Terraced House
£1,000	03/24	0.46 mi	-	3	Terraced House
£1,000	03/24	0.46 mi	-	3	Terraced House
£1,450	12/24	0.5 mi	Anchor Crescent, Hockley, Birmingham, B18 5SL	3	Flat
£1,200	02/24	0.5 mi	-	3	Terraced House
£1,100	02/25	0.5 mi	-	3	Terraced House
£1,350	12/24	0.52 mi	Anchor Crescent, Hockley, BIRMINGHAM	3	Flat
£1,400	01/25	0.53 mi	-	3	Semi-Detached House
£1,950	02/25	0.53 mi	-	3	Flat
£3,499	12/24	0.53 mi	-	3	Flat
£1,400	04/25	0.55 mi	-	3	Terraced House
£1,299	02/24	0.57 mi	-	3	Terraced House
£1,199	04/25	0.57 mi	-	3	Terraced House

Local Area Statistics

Population in B18	16,33716,337
Population in Birmingham	1,034,8211,034,821
Town centre distance	3.29 miles away3.29 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.14 miles away0.14 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+79%+79%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+8%+8%

Property History

Listed for £170,000

November 19, 2024

Floor Plans

Description

A THREE Bedroom Terrace Home briefly comprising ; Entrance Hallway ,One Large Reception Room, Kitchen,Conservatory,Three Bedrooms ,Family Wet Room & Separate Toilet . The property further benefits from an enclosed spacious rear garden, Gas Central Heating and Double Glazing.Situated close to City Centre local Transport/Motorway Links, Schools and Amenities. EPC E
EPC E

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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