3 Bed Terraced House, Single Let, Birmingham, B19 1BP, £160,000

Terrace Road, Handsworth, Birmingham, B19 1BP 1BP - 2 views - 4 months ago

Sold STC
BTL
ROI: 7%
~93 m²
+4 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£925 - £2,400

Rent Estimate

£1,000

Running Costs/mo

£720

Cashflow/mo

£280

Cashflow/yr

£3,360

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £82K to £270K, average is £175.5K. £1.1K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£195K09/220.2 mi36, Welford Road, Birmingham, West Midlands B20 2BJ3
£240K02/220.22 mi144, South Road, Hockley, Birmingham, West Midlands B18 5LE3
£200K09/220.28 mi219, South Road, Hockley, Birmingham, West Midlands B18 5JP3
£120K10/210.29 mi4, South Road Avenue, Birmingham, West Midlands B18 5JR3
£150K09/220.33 mi59, South Road, Hockley, Birmingham, West Midlands B18 5NA3
£150K03/210.38 mi97, Holly Road, Handsworth, Birmingham, West Midlands B20 2BX3
£250K09/220.39 mi35, Gibson Road, Birmingham, West Midlands B20 3UE3
£180K09/210.42 mi65, Holliday Road, Handsworth, Birmingham, West Midlands B21 0UH3
£270K02/210.43 mi17, Beaudesert Road, Birmingham, West Midlands B20 3TQ3
£132K04/210.45 mi25, Grasmere Road, Birmingham, West Midlands B21 0UP3
£208K06/210.48 mi4, York Road, Handsworth, Birmingham, West Midlands B21 9EB3
£180K11/220.48 mi104, Wills Street, Birmingham, West Midlands B19 2AZ3
£150K03/220.49 mi187, Burbury Street, Lozells, Birmingham, West Midlands B19 1TL3
£215K11/220.5 mi62, Whitmore Street, Birmingham, West Midlands B18 5BP3
£138K01/210.51 mi49, Nineveh Road, Birmingham, West Midlands B21 0SU3
£136K10/200.52 mi3, Ford Street, Birmingham, West Midlands B18 5PL3
£193K04/230.53 mi23, Goode Avenue, Birmingham, West Midlands B18 5QH3
£130K04/210.56 mi122, Bacchus Road, Birmingham, West Midlands B18 4QR3
£173K05/210.56 mi19, Mostyn Road, Handsworth, Birmingham, West Midlands B21 9DY3
£197.5K03/210.56 mi215, Holly Road, Handsworth, Birmingham, West Midlands B20 2BZ3
£180K02/220.57 mi43, Roslin Grove, Birmingham, West Midlands B19 2HT3
£140K02/230.58 mi135, Nineveh Road, Birmingham, West Midlands B21 0SY3
£95K02/230.58 mi106, Lozells Street, Birmingham, West Midlands B19 2AT3
£205K07/230.59 mi48, Hurdlow Avenue, Birmingham, West Midlands B18 5QQ3
£242.5K11/220.6 mi55, Reynolds Road, Birmingham, West Midlands B21 0TH3
£125K05/230.63 mi124, Melbourne Avenue, Birmingham, West Midlands B19 2HZ3
£126.5K03/210.63 mi82, Melbourne Avenue, Birmingham, West Midlands B19 2HZ3
£160K12/220.63 mi6, Roland Road, Birmingham, West Midlands B19 1RS3
£175K01/230.64 mi12, Merryhill Drive, Birmingham, West Midlands B18 5HJ3
£115K05/210.66 mi51, Ventnor Avenue, Lozells, Birmingham, West Midlands B19 2JQ3
£190K06/230.67 mi8, Gunmakers Walk, Birmingham, West Midlands B19 2DW3
£230K12/200.67 mi9, Charles Road, Handsworth, Birmingham, West Midlands B20 3QN3
£260K06/220.69 mi8, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£220K08/220.69 mi5, Haseley Road, Birmingham, West Midlands B21 0QU3
£205K08/220.69 mi1, Haseley Road, Birmingham, West Midlands B21 0QU3
£235K02/230.69 mi44, Leonard Road, Birmingham, West Midlands B19 1JU3
£145K11/220.69 mi38, Leonard Road, Birmingham, West Midlands B19 1JU3
£165K11/200.69 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£165K11/200.69 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£120K12/200.72 mi44, Willes Road, Birmingham, West Midlands B18 4PY3
£163K11/220.73 mi117, Boulton Road, Birmingham, West Midlands B21 0RD3
£218K09/220.73 mi88, Handsworth New Road, Birmingham, West Midlands B18 4QQ3
£260K09/220.73 mi18, Navigation Way, Hockley, Birmingham, West Midlands B18 5RW3
£134.5K03/210.74 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£134.5K03/210.74 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£222K02/220.74 mi17, Orchid Drive, Hockley, Birmingham, West Midlands B19 2DD3
£148K05/210.74 mi4, Orchid Drive, Hockley, Birmingham, West Midlands B19 2DD3
£82K04/210.74 mi2, Orchid Drive, Hockley, Birmingham, West Midlands B19 2DD3
£176K06/230.74 mi182, Putney Road, Birmingham, West Midlands B20 3QS3
£195K04/230.75 mi102, Boulton Road, Birmingham, West Midlands B21 0RE3

Local Rents

12 rents from £925/mo to £2.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.19 mi-3
£1,74812/240.2 miSoho Wharf3
£1,20002/240.3 mi-3
£1,10002/250.3 mi-3
£2,40001/240.31 mi-3
£1,00002/240.41 mi-3
£1,00003/240.41 mi-3
£1,00003/240.41 mi-3
£1,02502/250.46 mi-3
£92512/240.52 miDevonshire Street, BIRMINGHAM3
£1,20004/250.57 mi-3
£1,19512/240.6 mi-3

Property History

Listed for £160,000

January 2, 2025

Floor Plans

Description

  • NO UPWARD CHAIN +
  • THREE BEDROOMS +
  • VERSATILE LAYOUT +
  • USEFUL LOFT ROOM +
  • SCOPE TO IMPROVE +
  • IDEAL FOR FIRST TIME BUYERS +
  • GREAT INVESTMENT OPPORTUNITY +
  • POPULAR LOCATION +
  • CLOSE TO AMENITIES +
  • MUST BE VIEWED +

Offered with no upward chain, this three bedroom home offers a very versatile layout upstairs and is a great investment or a perfect first step onto the property ladder. Set in a popular location with good transport links and close proximity to amenities, the property consists of an entrance hall with a door into the spacious front lounge which has a bay window to the front. The separate dining room is another good size with a window to the rear as well as having the stairs off and a door leading to the kitchen. The kitchen has a range of fitted units including spaces for a cooker, washing machine and dryer whilst having a window to the side and a door leading out into the hallway. Off the kitchen the bathroom has a bath, wash basin, WC, window to the side. Upstairs, the main bedroom is a good sized double room with a window to the front. The second room is another good sized room which provides access to the useful loft room and the third bedroom which has a window to the rear. These two rooms with some simple alterations can be split making access to both rooms separate creating a more desirable layout. This double glazed and centrally heated home offers great potential and scope throughout and must be viewed to appreciate the spacer on offer.

Agent Details

Paul Carr, Hamstead

0121 387 6411

Next Steps?

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