3 Bed Terraced House, Motivated Seller, Birmingham, B18 7DT, £220,000

Peel Street, Birmingham, West Midlands, B18 7DT - 3 views - 3 months ago

Sold STC
Motivated
BTL
ROI: 1%
~87 m²
+9 photos

ValuationOvervalued

Sold Prices£100K - £260K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~87 m²
Price/m²£2.5K/m²

Value Estimate

£164,076

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£925 - £3,499

Rent Estimate

£944

Running Costs/mo

£896

Cashflow/mo

£48

Cashflow/yr

£572

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £100K to £260K, average is £161.8K. £1.1K/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£132K08/220.14 mi31, Blackford Street, Birmingham, West Midlands B18 4BN3
£145K12/200.14 mi9, Bryant Street, Birmingham, West Midlands B18 4BH3
£130K02/210.23 mi47, Bellefield Road, Birmingham, West Midlands B18 4EL3
£225K08/220.27 mi35, Barford Road, Birmingham, West Midlands B16 0DY3
£220K03/230.27 mi39, Barford Road, Birmingham, West Midlands B16 0DY3
£260K09/220.29 mi18, Navigation Way, Hockley, Birmingham, West Midlands B18 5RW3
£120K10/200.31 mi17, Willow Gardens, Birmingham, West Midlands B16 0BD3
£150K01/230.36 mi2, Shireland Brook Gardens, Birmingham, West Midlands B18 4JP3
£175K01/230.37 mi12, Merryhill Drive, Birmingham, West Midlands B18 5HJ3
£172K03/230.38 mi48, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ3
£135K01/210.42 mi102, Markby Road, Birmingham, West Midlands B18 4PN3
£134.5K03/210.42 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£134.5K03/210.42 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£120K12/200.44 mi44, Willes Road, Birmingham, West Midlands B18 4PY3
£116K10/200.46 mi5, Eva Road, Birmingham, West Midlands B18 4NH3
£175K07/230.46 mi134, Wiggin Street, Birmingham, West Midlands B16 0AH3
£137.5K12/220.47 mi36, Link Road, Birmingham, West Midlands B16 0EP3
£140K10/220.47 mi131, Willes Road, Birmingham, West Midlands B18 4QA3
£105K05/210.47 mi145, Willes Road, Birmingham, West Midlands B18 4QA3
£103K10/210.48 mi87, Perrott Street, Birmingham, West Midlands B18 4LZ3
£120K04/210.48 mi73, Perrott Street, Birmingham, West Midlands B18 4LZ3
£145.5K04/230.49 mi32, Eva Road, Birmingham, West Midlands B18 4NQ3
£190K11/200.51 mi28, College Street, Birmingham, West Midlands B18 7PD3
£220K01/230.51 mi12, Wimbourne Road, Birmingham, West Midlands B16 0HR3
£175K04/230.53 mi33, Herne Close, Birmingham, West Midlands B18 7PS3
£100K07/210.54 mi31, Beeton Road, Birmingham, West Midlands B18 4QD3
£158.5K05/230.54 mi5, Beeton Road, Birmingham, West Midlands B18 4QD3
£225K02/210.56 mi69, Cavendish Road, Birmingham, West Midlands B16 0HT3
£235K07/230.56 mi65, Cavendish Road, Birmingham, West Midlands B16 0HT3
£130K04/210.6 mi122, Bacchus Road, Birmingham, West Midlands B18 4QR3
£168.5K05/220.64 mi25, Majuba Road, Birmingham, West Midlands B16 0PD3
£245K02/230.64 mi278, Camden Street, Hockley, Birmingham, West Midlands B18 7NZ3
£165K06/220.65 mi17, Majuba Road, Birmingham, West Midlands B16 0PD3
£124.5K01/210.65 mi9, Majuba Road, Birmingham, West Midlands B16 0PD3
£218K09/220.65 mi88, Handsworth New Road, Birmingham, West Midlands B18 4QQ3
£140K02/230.67 mi135, Nineveh Road, Birmingham, West Midlands B21 0SY3
£145K11/220.69 mi3, Glencoe Road, Birmingham, West Midlands B16 0PB3
£210K10/230.69 mi5, New Hope Road, Smethwick, West Midlands B66 3TX3
£193K04/230.7 mi23, Goode Avenue, Birmingham, West Midlands B18 5QH3
£205K07/230.71 mi48, Hurdlow Avenue, Birmingham, West Midlands B18 5QQ3
£242.5K11/220.71 mi55, Reynolds Road, Birmingham, West Midlands B21 0TH3
£145K05/210.72 mi15, Woodlands Street, Smethwick, West Midlands B66 3TF3
£145K05/210.72 mi15, Woodlands Street, Smethwick, West Midlands B66 3TF3
£120K10/210.72 mi4, South Road Avenue, Birmingham, West Midlands B18 5JR3
£210K08/210.72 mi91, Kinsey Road, Smethwick, West Midlands B66 4SL3
£165K11/200.73 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£165K11/200.73 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£260K06/220.73 mi8, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£195K04/230.74 mi102, Boulton Road, Birmingham, West Midlands B21 0RE3
£200K09/220.74 mi219, South Road, Hockley, Birmingham, West Midlands B18 5JP3

Local Rents

34 rents from £925/mo to £3.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,74812/240.33 miSoho Wharf3
£1,45012/240.33 miAnchor Crescent, Hockley, Birmingham, B18 5SL3
£1,35012/240.34 miAnchor Crescent, Hockley, BIRMINGHAM3
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£1,74812/240.34 miSoho Wharf, Hopper Street, B183
£95012/240.34 mi-3
£1,29902/240.36 mi-3
£1,19904/250.36 mi-3
£1,74812/240.36 miSoho Wharf3
£1,35003/240.36 mi-3
£1,35012/240.36 mi-3
£1,35002/250.36 mi-3
£1,05002/250.39 mi-3
£1,25003/240.4 mi-3
£1,35012/240.4 mi-3
£1,10003/250.4 mi-3
£1,95002/250.4 mi-3
£3,49912/240.4 mi-3
£1,40004/250.42 mi-3
£1,15012/240.42 miMarroway Street, BIRMINGHAM3
£1,15002/240.45 mi-3
£1,50003/250.46 mi-3
£1,00012/240.46 miWiggin Street, Edgbaston3
£1,49503/250.47 mi-3
£1,29503/250.48 mi-3
£1,15012/240.48 miRosebery Street, Hockley, B18 3
£92512/240.5 miDevonshire Street, BIRMINGHAM3
£1,65001/250.61 mi-3

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £220,000

January 6, 2025

Floor Plans

Description

  • Council Tax Band B, Freehold, +
  • Spacious Living Room +
  • Modern Fitted Kitchen with Breakfast Bar +
  • Downstairs WC +
  • Three Good Sized Bedrooms +
  • Family Bathroom +
  • Large Rear Garden +
  • Off Road Parking +
  • Convenient Location +
  • Viewing Advised +

This property is situated close to the city centre of Birmingham near the Jewellery Quarter. Early Viewing Advised.

This end of terrace home is located in Birmingham with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen. There is also a ground floor WC

To the first floor is an inviting landing area through to three well-proportioned bedrooms and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property is set on roughly 1/5 of an acre and benefits from a rear garden and communal off road parking

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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