3 Bed Terraced House, Single Let, Smethwick, B66 3PU, £170,000

Corbett Street, Smethwick, West Midlands, B66 3PU - 4 months ago

Sold STC

BTL

ROI: 5%

~93 m²

+9 photos

ValuationFair Value

Sold Prices	£73K - £268K
Sold Prices/m²	£785/m² - £3.3K/m²

Square Metres	~93 m²
Price/m²	£1.8K/m²
Value Estimate	£167,400£167,400

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£10,600£10,600
Total Cash In	£53,100£53,100

Cash Out
Rent Range	£800 - £4,000£800 - £4,000
Rent Estimate	£966
Running Costs/mo	£744£744
Cashflow/mo	£222£222
Cashflow/yr	£2,659£2,659
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £73K to £268K, average is £156.5K. £785/m² to £3.3K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£135K	12/20	0.13 mi	91, Windmill Lane, Smethwick, West Midlands B66 3EW	£1,800	75	3	Terraced House
£198K	04/23	0.14 mi	66, Windmill Lane, Smethwick, West Midlands B66 3ES	£1,752	113	3	Terraced House
£150K	03/21	0.16 mi	9, Salisbury Road, Smethwick, West Midlands B66 3RU	£1,596	94	3	Terraced House
£118K	07/21	0.18 mi	72, Salisbury Road, Smethwick, West Midlands B66 3RX	£959	123	3	Terraced House
£145K	04/21	0.18 mi	105, Salisbury Road, Smethwick, West Midlands B66 3RX	£1,559	93	3	Terraced House
£112.5K	07/21	0.19 mi	2, Pens Close, Smethwick, West Midlands B66 4LH	-	-	3	Semi-Detached House
£112.5K	07/21	0.19 mi	2, Pens Close, Smethwick, West Midlands B66 4LH	-	-	3	Semi-Detached House
£142K	10/21	0.2 mi	90, Trafalgar Road, Smethwick, West Midlands B66 3SA	£1,827	78	3	Terraced House
£149K	08/21	0.22 mi	51, Rosebery Road, Smethwick, West Midlands B66 3RZ	£1,469	101	3	Terraced House
£182K	06/23	0.22 mi	62, Rosebery Road, Smethwick, West Midlands B66 3RZ	£2,045	89	3	Terraced House
£175K	01/23	0.24 mi	80, Trafalgar Road, Smethwick, West Midlands B66 3SF	£2,108	83	3	Terraced House
£151K	04/21	0.25 mi	1, Honiton Walk, Smethwick, West Midlands B66 3HR	£1,756	86	3	Terraced House
£142K	05/23	0.3 mi	51, Cheshire Road, Smethwick, West Midlands B67 6DN	-	-	3	Terraced House
£126K	05/21	0.3 mi	129, Cheshire Road, Smethwick, West Midlands B67 6DN	£1,432	88	3	Semi-Detached House
£195K	07/23	0.3 mi	44, Cheshire Road, Smethwick, West Midlands B67 6DN	£1,154	169	3	Terraced House
£268K	10/23	0.31 mi	56, Grange Road, Smethwick, West Midlands B66 4NQ	£2,602	103	3	Terraced House
£153K	01/21	0.31 mi	37, Rosefield Road, Smethwick, West Midlands B67 6DU	-	-	3	Terraced House
£185K	05/23	0.31 mi	32, Rosefield Road, Smethwick, West Midlands B67 6DU	£2,229	83	3	Semi-Detached House
£120K	09/21	0.31 mi	96, Edith Road, Smethwick, West Midlands B66 4QY	£1,538	78	3	Semi-Detached House
£196K	08/23	0.31 mi	94, Edith Road, Smethwick, West Midlands B66 4QY	£2,279	86	3	Terraced House
£250K	11/21	0.31 mi	58, Grange Road, Smethwick, West Midlands B66 4NQ	£2,717	92	3	Semi-Detached House
£220K	04/21	0.31 mi	18, Burn Close, Smethwick, West Midlands B66 4JE	£3,333	66	3	Detached House
£177K	12/22	0.32 mi	46, Rosefield Road, Smethwick, West Midlands B67 6DX	£2,241	79	3	Terraced House
£195K	03/23	0.32 mi	44, Rosefield Road, Smethwick, West Midlands B67 6DX	£1,794	109	3	Terraced House
£80K	04/21	0.32 mi	52, Rosefield Road, Smethwick, West Midlands B67 6DX	£988	81	3	Terraced House
£160K	10/22	0.32 mi	46, Woodlands Street, Smethwick, West Midlands B66 3TE	-	-	3	Terraced House
£180K	10/22	0.33 mi	51, Edith Road, Smethwick, West Midlands B66 4QX	£1,636	110	3	Terraced House
£135K	11/21	0.34 mi	49, Gilbert Road, Smethwick, West Midlands B66 4PY	-	-	3	Terraced House
£240K	03/23	0.34 mi	15, Firs Lane, Smethwick, West Midlands B67 6AD	-	-	3	Semi-Detached House
£165K	08/23	0.35 mi	43, Capethorn Road, Smethwick, West Midlands B66 4LY	-	-	3	Terraced House
£120K	02/21	0.35 mi	152, Sycamore Road, Smethwick, West Midlands B66 4NS	£1,396	86	3	Terraced House
£182K	01/23	0.35 mi	139, Sycamore Road, Smethwick, West Midlands B66 4NS	£1,876	97	3	Semi-Detached House
£245K	11/23	0.37 mi	2, Kelvin Drive, Smethwick, West Midlands B66 4SU	-	-	3	Terraced House
£185K	08/22	0.37 mi	173, Cape Hill, Smethwick, West Midlands B66 4SH	£1,267	146	3	Terraced House
£228K	05/23	0.37 mi	171, Cape Hill, Smethwick, West Midlands B66 4SH	£1,810	126	3	Terraced House
£146K	05/21	0.38 mi	46, Norton Close, Smethwick, West Midlands B66 3JA	£1,390	105	3	Terraced House
£133.8K	01/23	0.38 mi	69, Parkhill Road, Smethwick, West Midlands B67 6AU	£1,438	93	3	Semi-Detached House
£215K	01/21	0.39 mi	158, Waterloo Road, Smethwick, West Midlands B66 4NE	£1,838	117	3	Semi-Detached House
£73K	02/21	0.39 mi	133, Arden Road, Smethwick, West Midlands B67 6EN	£785	93	3	Terraced House
£168K	10/23	0.4 mi	114, Montague Road, Smethwick, West Midlands B66 4PW	-	-	3	Terraced House
£145K	05/21	0.41 mi	15, Woodlands Street, Smethwick, West Midlands B66 3TF	£2,014	72	3	Terraced House
£145K	05/21	0.41 mi	15, Woodlands Street, Smethwick, West Midlands B66 3TF	£2,014	72	3	Terraced House
£236K	12/21	0.41 mi	42, Crown Street, Smethwick, West Midlands B66 4SP	£2,185	108	3	Terraced House
£210K	10/23	0.42 mi	5, New Hope Road, Smethwick, West Midlands B66 3TX	-	-	3	Terraced House
£210K	08/21	0.42 mi	91, Kinsey Road, Smethwick, West Midlands B66 4SL	£2,625	80	3	Terraced House
£181K	08/21	0.42 mi	12, Wellington Road, Smethwick, West Midlands B67 6EX	-	-	3	Terraced House
£110K	10/21	0.42 mi	19, Highfield Road, Smethwick, West Midlands B67 6AP	£1,528	72	3	Terraced House
£146.3K	03/21	0.43 mi	3, Bush Avenue, Smethwick, West Midlands B66 3LD	-	-	3	Terraced House
£150K	12/22	0.43 mi	40, Parkhill Road, Smethwick, West Midlands B67 6AU	£2,113	71	3	Terraced House
£152K	02/21	0.43 mi	33, Parkes Street, Smethwick, West Midlands B67 6BA	£1,924	79	3	Semi-Detached House

Local Rents

29 rents from £800/mo to £4K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	03/25	0.08 mi	-	3	Terraced House
£800	12/24	0.12 mi	Scribbans Close, Smethwick, West Midlands	3	Flat
£1,200	12/24	0.27 mi	smethwick, B66	3	Detached House
£4,000	04/25	0.28 mi	-	3	Detached House
£1,150	11/24	0.29 mi	-	3	Terraced House
£1,155	12/24	0.29 mi	Smethwick, West Midlands, B67	3	Terraced House
£1,100	12/24	0.32 mi	Rosefield Road, Smethwick	3	Flat
£1,300	03/25	0.32 mi	-	3	Terraced House
£1,100	12/24	0.32 mi	Messenger Road, B66	3	Detached House
£1,175	03/25	0.36 mi	-	3	Terraced House
£1,300	12/24	0.37 mi	Crocketts Lane, Smethwick, Birmingham	3	Detached House
£1,450	02/24	0.37 mi	-	3	Semi-Detached House
£1,295	12/24	0.41 mi	Crown Street, Smethwick	3	Terraced House
£1,750	04/25	0.42 mi	-	3	Terraced House
£900	12/24	0.43 mi	Parkhill Road, Smethwick, B67	3	Terraced House
£975	03/25	0.44 mi	-	3	Terraced House
£1,300	04/25	0.44 mi	-	3	Terraced House
£1,500	03/24	0.44 mi	-	3	Detached House
£1,100	12/24	0.48 mi	Oliver Road, Cape Hill	3	Flat
£1,150	12/24	0.52 mi	Portland Road, BIRMINGHAM	3	Flat
£1,150	12/24	0.52 mi	Portland Road, Edgbaston	3	Terraced House
£1,050	12/24	0.52 mi	Westbury Road, Edgbaston, B17 8JH	3	Terraced House
£1,200	12/24	0.53 mi	Roslyn Close, Smethwick, West Midlands, B66	3	Terraced House
£1,150	04/25	0.53 mi	-	3	Terraced House
£1,100	12/24	0.54 mi	Green Street, Smethwick, Birmingham	3	Detached House
£1,450	04/25	0.55 mi	-	3	Terraced House
£1,350	12/24	0.59 mi	Avery Avenue, Edgbaston, Birmingham, B16	3	Detached House
£1,400	01/25	0.62 mi	-	3	Semi-Detached House
£990	02/24	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in B66	21,33521,335
Population in Smethwick	51,34451,344
Town centre distance	0.40 miles away0.40 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.40 miles away0.40 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+28%+28%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+32%+32%

Property History

Price changed to £170,000

February 20, 2025

Listed for £180,000

December 26, 2024

Description

A THREE BEDROOM Mid Terrace FAMILY HOME Located in SMETHWICK close to VICTORIA PARK comprising Two Reception Rooms, Kitchen , Downstairs Family Bathroom, Two Double Bedrooms and One Single. Large Garden to rear .Situated within walking distance to WindMill Shopping Centre and close to local Transport/Motorway Links, Schools and Amenities.

Reception Room One 13' 10" x 12' 11" ( 4.22m x 3.94m )

Reception Room Two 12' 10" x 12' 1" ( 3.91m x 3.68m )

Kitchen 13' 6" x 8' 6" ( 4.11m x 2.59m )

Bedroom One 13' 1" x 12' 10" ( 3.99m x 3.91m )

Bedroom Two 13' 2" x 12' 5" ( 4.01m x 3.78m )

Bedroom Three 13' 1" x 7' 11" ( 3.99m x 2.41m

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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ValuationFair Value

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