3 Bed Terraced House, Single Let, Smethwick, B67 5BE, £170,000

Lightwoods Road, Smethwick, B67 5BE - 4 months ago

Auction
BTL
ROI: 5%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£157.5K - £325K
Sold Prices/m²£1.7K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£223,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,600

Total Cash In

£49,100

 

 

Cash Out

 

Rent Range

£850 - £3,000

Rent Estimate

£995

Running Costs/mo

£750

Cashflow/mo

£245

Cashflow/yr

£2,937

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £157.5K to £325K, average is £262.3K. £1.7K/m² to £3.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£242.5K11/210 mi123, Lightwoods Road, Smethwick, West Midlands B67 5BE3
£285K06/210.04 mi54, Milcote Road, Smethwick, West Midlands B67 5BQ3
£280K02/210.04 mi50, Milcote Road, Smethwick, West Midlands B67 5BQ3
£291K11/220.04 mi61, Lightwoods Road, Smethwick, West Midlands B67 5BD3
£243.5K12/220.07 mi37, Herbert Road, Smethwick, West Midlands B67 5DD3
£237.5K08/230.08 mi80, Milcote Road, Smethwick, West Midlands B67 5BG3
£292.9K06/210.08 mi73, Milcote Road, Smethwick, West Midlands B67 5BG3
£293K03/210.08 mi88, Milcote Road, Smethwick, West Midlands B67 5BG3
£275K07/210.09 mi13, St Marys Road, Bearwood, Smethwick, West Midlands B67 5DG3
£298.3K03/230.09 mi11, St Marys Road, Bearwood, Smethwick, West Midlands B67 5DG3
£325K05/230.09 mi21, Herbert Road, Smethwick, West Midlands B67 5DD3
£247K07/210.09 mi18, Herbert Road, Smethwick, West Midlands B67 5DD3
£308K10/200.09 mi32, Herbert Road, Smethwick, West Midlands B67 5DD3
£270K05/210.09 mi17, Herbert Road, Smethwick, West Midlands B67 5DD3
£308.5K07/230.09 mi31, Herbert Road, Smethwick, West Midlands B67 5DD3
£275K06/230.12 mi49, Bishopton Road, Smethwick, West Midlands B67 5DU3
£235K12/220.16 mi31, Poplar Road, Smethwick, West Midlands B66 4AW3
£210K08/210.16 mi99, Poplar Road, Smethwick, West Midlands B66 4AW3
£235K05/210.18 mi193, Lightwoods Road, Smethwick, West Midlands B67 5AZ3
£255K10/230.18 mi155, Lightwoods Road, Smethwick, West Midlands B67 5AZ3
£289.9K03/210.18 mi162, Lightwoods Road, Smethwick, West Midlands B67 5AZ3
£235K02/210.18 mi156, Milcote Road, Smethwick, West Midlands B67 5BW3
£296K03/210.19 mi19, Lightwoods Hill, Smethwick, West Midlands B67 5DY3
£310K12/220.19 mi13, Lightwoods Hill, Smethwick, West Midlands B67 5DY3
£181.5K04/210.19 mi146, Wigorn Road, Smethwick, West Midlands B67 5HL3
£305K11/220.2 mi49, Park Road, Smethwick, West Midlands B67 5HP3
£260K07/210.2 mi108, Park Road, Smethwick, West Midlands B67 5HT3
£299.9K03/230.2 mi136, Park Road, Smethwick, West Midlands B67 5HT3
£297.5K12/220.21 mi46, Park Road, Smethwick, West Midlands B67 5HS3
£275K07/230.22 mi1, Weston Road, Bearwood, Smethwick, West Midlands B67 5HH3
£162K09/210.22 mi9, Weston Road, Bearwood, Smethwick, West Midlands B67 5HH3
£250K05/210.22 mi42, Park Road, Smethwick, West Midlands B67 5HS3
£157.5K12/200.23 mi115, Wigorn Road, Smethwick, West Midlands B67 5HF3
£295K09/210.25 mi89, Galton Road, Smethwick, West Midlands B67 5JT3
£262K10/210.25 mi145, Galton Road, Smethwick, West Midlands B67 5JT3
£180K12/200.25 mi115, Galton Road, Smethwick, West Midlands B67 5JT3
£247K11/220.25 mi179, Park Road, Smethwick, West Midlands B67 5HU3
£194K08/210.25 mi153, Park Road, Smethwick, West Midlands B67 5HU3
£265K01/230.25 mi151, Galton Road, Smethwick, West Midlands B67 5JT3
£260K01/210.26 mi45, Lightwoods Hill, Smethwick, West Midlands B67 5DZ3
£262.5K09/210.26 mi61, Galton Road, Smethwick, West Midlands B67 5JX3
£203K12/200.26 mi49, Galton Road, Smethwick, West Midlands B67 5JX3
£281K12/220.26 mi70, Galton Road, Smethwick, West Midlands B67 5JU3
£222K04/210.27 mi110, Galton Road, Smethwick, West Midlands B67 5JS3
£220K05/210.27 mi165, Galton Road, Smethwick, West Midlands B67 5JT3
£269.9K03/210.28 mi48, Galton Road, Smethwick, West Midlands B67 5JU3
£265K03/230.28 mi80, Galton Road, Smethwick, West Midlands B67 5JU3
£174K12/200.29 mi227, Galton Road, Smethwick, West Midlands B67 5JH3
£250K02/210.29 mi219, Galton Road, Smethwick, West Midlands B67 5JH3
£179.9K11/210.3 mi6, Ethel Street, Bearwood, Smethwick, West Midlands B67 5AL3

Local Rents

31 rents from £850/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.05 miLightwoods Road, Smethwick, B673
£1,35003/240.05 mi-3
£1,25012/240.06 miLightwoods Road, Bearwood, B67 5BH3
£1,27004/250.08 mi-3
£1,15003/250.15 mi-3
£1,15012/240.16 miPoplar Road, Smethwick3
£1,20002/250.19 mi-3
£1,15012/240.24 miGalton Road, Smethwick, West Midlands, B673
£85012/240.25 miGalton Road, Bearwood, B673
£1,30012/240.25 miGalton Road, Bearwood, Birmingham, B67 5JX3
£1,20012/240.28 miPark Road, Smethwick, B673
£1,20012/240.28 mi-3
£1,29512/240.3 miPale Lane, Harborne, Birmingham, B17 8RX3
£1,55012/240.33 miHunstanton Avenue, Birmingham, B173
£1,35001/250.35 mi-3
£1,35004/250.35 mi-3
£99512/240.36 miSandon Road, Edgbaston, Birmingham, B17 8DT3
£1,35012/240.39 miHunstanton Avenue, Harborne, B173
£1,19512/240.47 miReginald Road, Smethwick3
£1,20004/250.48 mi-3
£1,00004/250.48 mi-3
£1,35012/240.51 miHagley Road West, Smethwick, B673
£3,00003/240.52 mi-3
£1,30012/240.53 mi-3
£1,45011/240.56 mi-3
£1,67512/240.57 miMonmouth Road, SMETHWICK3
£1,30012/240.57 miHartford Close, Harborne, B173
£1,50012/240.6 mi-3
£1,79504/250.6 mi-3
£1,10012/240.62 mi-3
£1,30012/240.62 miHazeley Close, Harborne, B173

Local Area Statistics

Population in B67

29,853

Population in Smethwick

51,344

Town centre distance

0.85 miles away

Nearest school

0.30 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+19%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Price changed to £170,000

January 31, 2025

Listed for £180,000

December 26, 2024

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • HEART OF BEARWOOD +
  • UPSTAIRS BATHROOM +
  • THREE BEDROOMS +
  • TWO RECEPTION ROOMS +
  • WITHIN WALKING DISTANCE TO BEARWOOD HIGH STREET +

SUMMARY
*Hot Properties In Smethwick!* Explore exceptional homes in Bearwood brought to you by Connells Bearwood, ideal for first time buyers, families and investors. Act Fast - these opportunities won't last long! *Contact Us Now *

DESCRIPTION
This three bed mid terraced 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.

There is a variety of good schools within a one mile radius, with Lightwoods Primary School Lordswood boys and girls.
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.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Ground Floor 

Reception Room 
Having a double-glazed bay window to the front aspect, feature fireplace, ceiling light point, and radiator.

Lounge 
Having a double-glazed bay window to the rear aspect, fireplace with electric fire, ceiling light point, and radiator.

Kitchen 
Fitted kitchen with a range of wall and base units, double-glazed window to side aspect, ceiling light point, tiled floor, part tiled walls, sink with drainer and mixer tap, plumbing for washing machine, central heating boiler, and radiator.

W.C 

First Floor 

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

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

Bathroom 
Having an obscured double-glazed window to the rear aspect, bath, hand wash basin, W.C, ceiling light point, and radiator.

Second Floor 

Bedroom Three 
Having a double-glazed bay window to the front aspect, ceiling light point, wall 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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