3 Bed Terraced House, Single Let, Birmingham, B34 7QE, £230,000

Nearmoor Road, Shard End, B34 7QE - 10 views - 5 months ago

Sold STC
BTL
ROI: 4%
~93 m²
+6 photos

ValuationOvervalued

Sold Prices£36K - £291K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£203,438

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

£750 - £3,000

Rent Estimate

£1,200

Running Costs/mo

£979

Cashflow/mo

£221

Cashflow/yr

£2,655

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £36K to £291K, average is £201K. £1.7K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£240K07/230 mi186, Nearmoor Road, Birmingham, West Midlands B34 7QE3
£163K04/210.04 mi119, Nearmoor Road, Birmingham, West Midlands B34 7QF3
£216K03/230.1 mi70, Freasley Road, Birmingham, West Midlands B34 7QH3
£175K06/230.1 mi93, Freasley Road, Birmingham, West Midlands B34 7QH3
£210K06/210.12 mi149, Freasley Road, Birmingham, West Midlands B34 7QL3
£215K01/210.12 mi66, Nearmoor Road, Birmingham, West Midlands B34 7QD3
£202K08/210.12 mi210, Packington Avenue, Birmingham, West Midlands B34 7RH3
£212K07/230.12 mi234, Packington Avenue, Birmingham, West Midlands B34 7RH3
£207K04/230.16 mi66, Bradley Road, Birmingham, West Midlands B34 7RJ3
£165K12/230.17 mi50, Milsom Grove, Birmingham, West Midlands B34 7HG3
£170K03/210.18 mi27, Kitsland Road, Birmingham, West Midlands B34 7NA3
£36K06/230.22 mi4, Farmoor Grove, Birmingham, West Midlands B34 7LE3
£225K08/230.25 mi22, Berrowside Road, Birmingham, West Midlands B34 7JL3
£170K06/210.25 mi22, Berrowside Road, Birmingham, West Midlands B34 7JL3
£210K07/210.27 mi434, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£210K07/210.27 mi434, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£158.5K10/200.27 mi390, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£230K02/230.27 mi372, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£210K07/210.27 mi434, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£180K06/210.27 mi404, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£180K06/210.27 mi33, Bradley Road, Birmingham, West Midlands B34 7RL3
£190K01/210.27 mi25, Bradley Road, Birmingham, West Midlands B34 7RL3
£210K02/230.27 mi25, Princethorpe Close, Birmingham, West Midlands B34 7JG3
£291K10/220.27 mi227, Shard End Crescent, Birmingham, West Midlands B34 7RE3
£176K10/200.27 mi179, Shard End Crescent, Birmingham, West Midlands B34 7RE3
£164K11/220.29 mi78, Coneyford Road, Birmingham, West Midlands B34 7AX3
£226K10/210.3 mi27, Coneyford Road, Birmingham, West Midlands B34 7AY3
£255K10/210.3 mi49, Coneyford Road, Birmingham, West Midlands B34 7AY3
£210K09/230.3 mi59, Coneyford Road, Birmingham, West Midlands B34 7AY3
£223K03/210.32 mi80, Brownfield Road, Birmingham, West Midlands B34 7HY3
£190K08/230.32 mi16, Lamb Close, Birmingham, West Midlands B34 7SF3
£160K11/200.32 mi150, Longmeadow Crescent, Birmingham, West Midlands B34 7LB3
£180K12/220.34 mi23, Panther Croft, Birmingham, West Midlands B34 7SB3
£270K10/220.36 mi104, Timberley Lane, Birmingham, West Midlands B34 7EN3
£215K03/230.36 mi76, Longmeadow Crescent, Birmingham, West Midlands B34 7NH3
£248.5K02/230.37 mi92, Brownfield Road, Birmingham, West Midlands B34 7HX3
£158K01/210.38 mi21, Roebuck Close, Birmingham, West Midlands B34 7SQ3
£195.5K02/230.39 mi21, Roebuck Close, Birmingham, West Midlands B34 7SQ3
£184K04/210.39 mi19, The Timber Way, Birmingham, West Midlands B34 7AS3
£190K04/210.39 mi57, Hall Hays Road, Birmingham, West Midlands B34 7LN3
£195K05/210.39 mi7, Hall Hays Road, Birmingham, West Midlands B34 7LN3
£150K11/200.41 mi88, Hall Hays Road, Birmingham, West Midlands B34 7LL3
£243K09/220.41 mi34, Hall Hays Road, Birmingham, West Midlands B34 7LL3
£290K11/200.42 mi206, Chester Road, Castle Bromwich, Birmingham, West Midlands B36 0JE3
£220K04/230.43 mi37, Silver Birch Road, Kingshurst, Birmingham, West Midlands B37 6AS3
£160K11/200.43 mi3, Withy Grove, Kingshurst, Birmingham, West Midlands B37 6DN3
£170K01/210.43 mi11, Withy Grove, Kingshurst, Birmingham, West Midlands B37 6DN3
£225K04/210.43 mi164, Brownfield Road, Birmingham, West Midlands B34 7DX3
£166K01/230.44 mi15, Gorsefield Road, Birmingham, West Midlands B34 7AN3
£200K04/230.45 mi19, Gorsefield Road, Birmingham, West Midlands B34 7AN3

Local Rents

18 rents from £750/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10004/250.2 mi-3
£3,00001/240.23 mi-3
£3,00001/240.23 mi-3
£3,00001/240.23 mi-3
£3,00012/240.23 mi-3
£3,00001/250.23 mi-3
£3,00004/250.23 mi-3
£1,40011/240.3 mi-3
£1,25012/240.32 miBrownfield Road, BIRMINGHAM3
£75004/250.36 mi-3
£1,20012/240.36 miTimberley Lane, Shard End, Birmingham3
£1,30012/240.5 mi-3
£1,30012/240.5 mi-3
£1,30002/250.5 mi-3
£1,30004/250.5 mi-3
£1,20012/240.5 miShard End Crescent, BIRMINGHAM3
£1,35001/250.57 mi-3
£1,05009/230.6 mi-3

Local Area Statistics

Population in B34

18,941

Population in Birmingham

1,034,821

Town centre distance

5.20 miles away

Nearest school

0.10 miles away

Nearest train station

1.32 miles away

 

 

Rental growth (12m)

+31%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Listed for £230,000

November 29, 2024

Floor Plans

Description

  • Deceptively Spacious Mid Terrace Residence +
  • Three Excellent Size Bedrooms Accompanied By A Modern Style Shower Room +
  • Lounge +
  • Generous Size Kitchen/Dinner +
  • Guest WC/Utility Room +
  • Covered Side Entrance +
  • Well Maintained Rear Garden +
  • Front Driveway +
  • No Upwards Chain +
  • Council Tax Band B, EPC tbc +

This charming mid-terrace home offers a perfect blend of comfort and practicality, making it an ideal first-time buyer purchase. With no upward chain, the property is ready for immediate occupancy, ensuring a smooth and swift transition for its new owners.
Ground Floor

Reception Hallway: Welcoming and bright, the hallway sets the tone for the home with ample space for coats and shoes, offering easy access to the rest of the property.

Lounge: A cozy yet spacious area, perfect for relaxing or entertaining, featuring large windows that allow natural light to flood the space.

Kitchen/Diner: Modern and well-equipped, this open-plan kitchen/diner is perfect for family meals or gatherings. With ample counter space and storage, it's designed for both practicality and style.

Covered Side Entrance: Providing convenient access from the front to the rear of the property, perfect for storage or additional utility needs.

Guest WC/Utility Room: A dual-purpose space with a guest WC and room for laundry appliances, offering practicality and convenience for day-to-day living.

First Floor

Three Good-Sized Bedrooms: Each bedroom offers generous proportions, making them suitable for various uses, including children's rooms, a home office, or a guest room.

Family Showeroom: A well-appointed bathroom with modern fittings, offering a comfortable and stylish space for relaxation.

Additional Features

Plenty of In-Built Storage: Thoughtfully designed storage solutions throughout the home ensure clutter-free living.
Front Drive: Off-road parking at the front of the property, providing convenience and security.
Lawned Rear Garden: A well-maintained, private garden with a lawn, perfect for outdoor relaxation, play, or gardening enthusiasts.

This property is perfect for those looking for a ready-to-move-in home with practical features and a welcoming ambiance. Don't miss the opportunity to secure this wonderful starter home!

Agent Details

Henley Charles, Handsworth

0121 387 6456

Next Steps?

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