2 Bed Terraced House, Single Let, Birmingham, B24 9TD, £190,000

Inland Road, Birmingham, West Midlands, B24 9TD - 3 views - 4 months ago

Sold STC

BTL

~68 m²

+6 photos

ValuationOvervalued

Sold Prices	£83.6K - £240K
Sold Prices/m²	£1.7K/m² - £4.1K/m²

Square Metres	~68.11 m²
Price/m²	£2.8K/m²
Value Estimate	£164,785£164,785

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£6,900£6,900
Total Cash In	£54,400£54,400

Cash Out
Rent Range	£750 - £1,250£750 - £1,250
Rent Estimate	£763
Running Costs/mo	£766£766
Cashflow/mo	£-3£-3
Cashflow/yr	£-40£-40
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £83.6K to £240K, average is £171.5K. £1.7K/m² to £4.1K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£120K	02/21	0 mi	17, Inland Road, Birches Green, Birmingham, West Midlands B24 9TD	£2,105	57	2	Semi-Detached House
£170K	11/23	0.04 mi	37, Round Road, Birmingham, West Midlands B24 9RA	£3,036	56	2	Terraced House
£176K	04/23	0.04 mi	32, Round Road, Birmingham, West Midlands B24 9RA	-	-	2	Terraced House
£140K	03/21	0.06 mi	144, Round Road, Birmingham, West Midlands B24 9SN	£2,222	63	2	Semi-Detached House
£146.5K	06/21	0.06 mi	62, Round Road, Birmingham, West Midlands B24 9QY	£2,402	61	2	Terraced House
£170K	02/23	0.06 mi	61, Round Road, Birmingham, West Midlands B24 9QY	£2,378	72	2	Terraced House
£131K	02/21	0.1 mi	62, Belvedere Road, Birmingham, West Midlands B24 9RW	£2,186	60	2	Terraced House
£180K	12/22	0.13 mi	27, Danby Grove, Birmingham, West Midlands B24 9SU	£3,103	58	2	Terraced House
£168K	02/21	0.14 mi	4, Quilter Road, Birmingham, West Midlands B24 9RR	-	-	2	Semi-Detached House
£182K	03/23	0.15 mi	11, Ashmead Grove, Birmingham, West Midlands B24 9RE	-	-	2	Terraced House
£135K	05/21	0.15 mi	12, Ashmead Grove, Birmingham, West Midlands B24 9RE	£2,213	61	2	Terraced House
£177K	07/23	0.17 mi	16, Belvedere Road, Birmingham, West Midlands B24 9RN	£3,052	58	2	Terraced House
£190K	08/23	0.27 mi	18, Shipley Fields, Birmingham, West Midlands B24 9BW	-	-	2	Semi-Detached House
£205K	02/23	0.27 mi	35, Elmwood Road, Birmingham, West Midlands B24 9NW	£2,887	71	2	Semi-Detached House
£168K	03/21	0.3 mi	4, Brueton Drive, Birmingham, West Midlands B24 9BQ	£2,593	65	2	Semi-Detached House
£187.5K	09/23	0.32 mi	7, Spring Lane, Birmingham, West Midlands B24 9BP	£2,930	64	2	Semi-Detached House
£172K	10/20	0.32 mi	11, Spring Lane, Birmingham, West Midlands B24 9BP	£2,356	73	2	Semi-Detached House
£208K	12/22	0.33 mi	9, Eversley Dale, Birmingham, West Midlands B24 8JS	-	-	2	Semi-Detached House
£205K	03/21	0.33 mi	18, Eversley Dale, Birmingham, West Midlands B24 8JS	£3,015	68	2	Semi-Detached House
£161K	10/21	0.52 mi	51, Fern Road, Birmingham, West Midlands B24 9DA	£2,176	74	2	Terraced House
£180K	01/23	0.52 mi	35, Fern Road, Birmingham, West Midlands B24 9DA	£2,222	81	2	Terraced House
£185K	01/23	0.52 mi	77, Fern Road, Birmingham, West Midlands B24 9DA	£2,256	82	2	Terraced House
£83.6K	01/21	0.57 mi	76, Deakin Road, Birmingham, West Midlands B24 9AH	£1,705	49	2	Semi-Detached House
£225K	08/23	0.58 mi	24, Cranwell Grove, Birmingham, West Midlands B24 0RL	-	-	2	Semi-Detached House
£153.5K	05/21	0.59 mi	32, Ullrik Green, Birmingham, West Midlands B24 8RH	-	-	2	Semi-Detached House
£210K	12/22	0.6 mi	8, Springslade Drive, Birmingham, West Midlands B24 0JW	£3,750	56	2	Semi-Detached House
£160K	08/21	0.61 mi	103, Trafalgar Road, Erdington, Birmingham, West Midlands B24 9AR	-	-	2	Terraced House
£155K	01/21	0.61 mi	45, Trafalgar Road, Erdington, Birmingham, West Midlands B24 9AP	£1,802	86	2	Terraced House
£160K	11/20	0.61 mi	35, Trafalgar Road, Erdington, Birmingham, West Midlands B24 9AP	£2,012	80	2	Terraced House
£168K	05/23	0.61 mi	27, Trafalgar Road, Erdington, Birmingham, West Midlands B24 9AP	£2,400	70	2	Terraced House
£212K	11/22	0.61 mi	33, Waldley Grove, Birmingham, West Midlands B24 0GE	£3,719	57	2	Terraced House
£171K	06/21	0.61 mi	22, Waldley Grove, Birmingham, West Midlands B24 0GE	£3,109	55	2	Terraced House
£240K	07/22	0.62 mi	46, Moor End Lane, Birmingham, West Midlands B24 9DJ	£4,068	59	2	Detached House
£225K	06/23	0.62 mi	36, Moor End Lane, Birmingham, West Midlands B24 9DJ	£3,750	60	2	Semi-Detached House
£150K	12/20	0.62 mi	27, The Limes, Erdington, Birmingham, West Midlands B24 8AF	£2,419	62	2	Terraced House
£157K	10/20	0.63 mi	366, Tyburn Road, Birmingham, West Midlands B24 8HP	£2,013	78	2	Detached House
£182.5K	04/23	0.64 mi	22, Burnbank Grove, Birmingham, West Midlands B24 9LB	-	-	2	Terraced House
£169K	05/21	0.64 mi	33, Burnbank Grove, Birmingham, West Midlands B24 9LB	£2,441	69	2	Terraced House
£195K	11/21	0.68 mi	12, Smallwood Close, Birmingham, West Midlands B24 0GB	£3,057	64	2	Semi-Detached House
£230K	01/23	0.69 mi	8, Smallwood Close, Birmingham, West Midlands B24 0GB	£3,700	62	2	Semi-Detached House
£175K	08/21	0.69 mi	29, Spring Hill, Erdington, Birmingham, West Midlands B24 9AE	£2,045	86	2	Terraced House
£170K	02/21	0.69 mi	9, Apollo Croft, Erdington, Birmingham, West Midlands B24 0RF	£2,982	57	2	Semi-Detached House
£172K	11/21	0.72 mi	184, Holly Lane, Erdington, Birmingham, West Midlands B24 9JX	-	-	2	Semi-Detached House
£117K	07/23	0.72 mi	134, Holly Lane, Erdington, Birmingham, West Midlands B24 9JX	£2,167	54	2	Terraced House
£165K	10/21	0.72 mi	188, Holly Lane, Erdington, Birmingham, West Midlands B24 9JX	£2,500	66	2	Semi-Detached House
£222.5K	02/23	0.77 mi	35, Parktree Walk, Erdington, Birmingham, West Midlands B24 0UE	-	-	2	Semi-Detached House
£200K	11/21	0.78 mi	17, Blossom Road, Erdington, Birmingham, West Midlands B24 0UD	£3,133	64	2	Semi-Detached House
£152K	01/21	0.84 mi	180, Hawkesyard Road, Birmingham, West Midlands B24 8LH	£2,269	67	2	Terraced House
£179K	11/20	0.88 mi	56, Varley Road, Birmingham, West Midlands B24 0LE	£3,140	57	2	Semi-Detached House
£138K	10/21	0.89 mi	38, Summer Road, Erdington, Birmingham, West Midlands B23 6UR	£1,663	83	2	Terraced House

Local Rents

11 rents from £750/mo to £1.3K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	02/24	0.11 mi	-	2	Terraced House
£1,250	03/24	0.15 mi	-	2	Semi-Detached House
£1,100	01/25	0.19 mi	-	2	Terraced House
£1,095	02/24	0.23 mi	-	2	Semi-Detached House
£995	03/25	0.35 mi	-	2	Flat
£850	12/24	0.4 mi	Holly Lane, Birmingham, B24	2	Flat
£750	09/24	0.43 mi	-	2	Flat
£800	04/25	0.53 mi	-	2	Flat
£895	12/24	0.55 mi	Holly Park Drive, Erdington, Birmingham, West Midlands	2	Flat
£925	12/24	0.57 mi	Tyburn Road, Pype Hayes, Birmingham	2	Detached House
£1,000	12/24	0.6 mi	Springslade Drive, BIRMINGHAM	2	Flat

Local Area Statistics

Population in B24	28,25928,259
Population in Birmingham	1,034,8211,034,821
Town centre distance	4.07 miles away4.07 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.01 miles away1.01 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+25%+25%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+36%+36%

Property History

Listed for £190,000

December 27, 2024

Floor Plans

Description

Dixons are pleased to presnet this two bedroom end of terraced property in Erdington.

The property is well-presented throughout and is ideal for first time buyer and investors alike.

Accommodation briefly comprises; porch, reception room and kitchen on the ground floor, with two bedrooms and a family bathroom on the first floor.

The property further benefits from a front and rear garden.

Viewing is highly recommended to fully appreciate this property and to avoid dissapointment.

Close to local shops, parks, schools, parks and amenities, as well as nearby transport and motorway links.

Agent Details

Dixons, Erdington

0121 387 6273

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents