4 Bed Terraced House, Single Let, Birmingham, B32 3TW, £171,500

18 Ox Leasow Woodgate Valley, Birmingham, B32 3TW - 3 months ago

BTL
ROI: 5%
99 m²
+5 photos

ValuationUndervalued

Sold Prices£140K - £450K
Sold Prices/m²£1.3K/m² - £4.1K/m²

 

 

Square Metres

99 m²
Price/m²£1.7K/m²

Value Estimate

£214,375
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,875

Stamp Duty & Legal Fees

£10,705

Total Cash In

£53,580

 

 

Cash Out

 

Rent Range

£850 - £1,495

Rent Estimate

£975

Running Costs/mo

£751

Cashflow/mo

£224

Cashflow/yr

£2,689

ROI

5%

Gross Yield

7%

Local Sold Prices

38 sold prices from £140K to £450K, average is £268K. £1.3K/m² to £4.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£160K06/210.1 mi54, Warston Avenue, Birmingham, West Midlands B32 3SU4
£178K12/220.1 mi81, Warston Avenue, Woodgate Valley, Birmingham, West Midlands B32 3ST4
£327K03/230.23 mi7, Clapgate Lane, Birmingham, West Midlands B32 3DR4
£222K02/230.23 mi98, Sommerfield Road, Birmingham, West Midlands B32 3SJ4
£321K11/200.39 mi12, Poplarwoods, Birmingham, West Midlands B32 3RJ4
£290K05/220.45 mi314, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL4
£365K06/230.45 mi3, Fernwoods, Birmingham, West Midlands B32 3RL4
£230K04/230.46 mi50, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF4
£266K03/230.46 mi53, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF4
£450K05/230.49 mi41, Hightree Close, Birmingham, West Midlands B32 3QP4
£230K10/230.49 mi231, Simmons Drive, Quinton, Birmingham, West Midlands B32 1SP4
£320K04/210.52 mi98, Bartley Woods, Birmingham, West Midlands B32 3RB4
£270K03/220.57 mi46, Mayswood Grove, Quinton, Birmingham, West Midlands B32 2RQ4
£260K03/240.61 mi240, Quinton Road West, Quinton, Birmingham, West Midlands B32 2RL4
£252K07/210.63 mi29, Highmore Drive, Birmingham, West Midlands B32 3JY4
£310K11/220.66 mi7, Pine Woods, Bartley Green, Birmingham, West Midlands B32 3RD4
£194K06/230.67 mi334, Simmons Drive, Quinton, Birmingham, West Midlands B32 2UR4
£238K04/230.72 mi48, Barnes Hill, Birmingham, West Midlands B29 5UW4
£260K11/200.79 mi205, Barnes Hill, Birmingham, West Midlands B29 5UJ4
£295K01/230.8 mi75, Wedgewood Road, Quinton, Birmingham, West Midlands B32 1LP4
£225K01/230.8 mi12, Quinton Road West, Birmingham, West Midlands B32 2QG4
£335K09/210.82 mi39, Senneleys Park Road, Birmingham, West Midlands B31 1AG4
£425K11/220.83 mi6, Camino Road, Birmingham, West Midlands B32 3XE4
£152K04/240.84 mi30, Allwood Gardens, Birmingham, West Midlands B32 3UA4
£185K10/200.85 mi18, Hunnington Close, Birmingham, West Midlands B32 4LQ4
£313.5K12/200.85 mi17, Gleads Croft, Halesowen, West Midlands B62 0QA4
£287K11/200.86 mi33, Middle Meadow Avenue, Birmingham, West Midlands B32 1NU4
£437.5K10/230.86 mi43, Kingsdown Road, Birmingham, West Midlands B31 1AJ4
£399.9K12/200.86 mi3, Kingsdown Road, Birmingham, West Midlands B31 1AJ4
£140K10/200.86 mi57, Lye Close Lane, Birmingham, West Midlands B32 3QS4
£346K08/220.87 mi100, Senneleys Park Road, Birmingham, West Midlands B31 1AN4
£172.1K05/210.89 mi8, Welsh House Farm Road, Birmingham, West Midlands B32 2NA4
£450K09/220.9 mi7, Harts Green Close, Birmingham, West Midlands B32 3AQ4
£320K03/210.93 mi27, Cromwell Lane, Northfield, Birmingham, West Midlands B31 1AB4
£340K08/210.94 mi53, Woodcock Lane, Northfield, Birmingham, West Midlands B31 1BA4
£265K04/210.98 mi243, Howley Grange Road, Halesowen, West Midlands B62 0JD4
£240K03/230.99 mi111, Ridgacre Lane, Birmingham, West Midlands B32 1PU4
£205K08/230.99 mi157, Balmoral Road, Bartley Green, Birmingham, West Midlands B32 4JH4

Local Rents

10 rents from £850/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.05 mi-4
£1,00012/240.18 mi-3
£1,00012/240.34 miAmbleside, Bartley Green, B323
£85003/250.38 mi-11
£1,20003/250.54 mi-3
£1,10003/250.57 mi-3
£1,15012/240.58 miBigwood Drive, Birmingham, West Midlands, B323
£1,15012/240.58 miBigwood Drive, Birmingham, West Midlands, B323
£1,49512/240.61 mi-3
£1,32512/240.61 miBigwood Drive, Birmingham4

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

5.03 miles away

Nearest school

0.10 miles away

Nearest train station

2.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £171,500

January 8, 2025

Description

  • BTL OPPORTUNITY +
  • Sold with Tenant in Situ +
  • Mid-terraced 4 Bed House +
  • FREEHOLD- Straight Forward +
  • Tenanted at £975/pcm +
  • 6.8% YIELD +
  • Located a Short Drive from Edgbaston, Harborne and More +
  • Professionally Managed Tenancy +
  • NO CHAIN +
  • Call Davidson Estates to Request Investment Data +

SUMMARY DESCRIPTION Spacious mid terrace property. The accommodation briefly comprises: entrance hall with downstairs wc, lounge, breakfast kitchen, four bedrooms, bathroom. Double Glazed & Gas central heating. Council tax band B. EPC C.

The property is situated on a popular residential development, within good proximity to local shops, bus route and schools, whilst both Birmingham City Centre and Q.E Hospital are easily accessible. Set back from the road with a pathway leading to entrance doorway and bin store housing utility meters. Ground floor accommodation: entrance hall, downstairs wc, good sized lounge and breakfast kitchen. First floor accommodation: four bedrooms and family bathroom. Front and rear gardens. Double glazing and gas central heating. Council Tax Band B. EPC rating C.
 

ENTRANCE HALL Stairs rising to first floor, door to guest wc, door to understairs storage cupboard and further doors to 

DOWNSTAIRS WC Obscure double glazed window to fore, close couple wc, hand wash basin with vanity unit 

LOUNGE 14' 05" x 13' 03" (4.39m x 4.04m) double glazed window to fore, feature fire surround, central heating radiator, laminate flooring 

BREAKFAST KITCHEN/DINER 14' 05" x 11' 11" max inc units (4.39m x 3.63m) Double glazed window to rear and double glazed door to rear garden, range of base and wall mounted units with roll top worksurfaces, stainless steel sink with drainer, integrated electric cooker, recess and plumbing for automatic appliances, wall mounted combi boiler, central heating radiator, door to storage cupboard 

LANDING loft access and doors to 

BEDROOM ONE 12' 04" x 11' 00" (3.76m x 3.35m) Double glazed window to fore, central heating radiator, bulk head storage cupboard 

BEDROOM TWO 12' 02" x 9' 03" (3.71m x 2.82m) Double glazed window to fore, central heating radiator 

BEDROOM THREE 10' 01" x 7' 07" (3.07m x 2.31m) Double glazed window to rear, central heating radiator 

BEDROOM FOUR 12' 10" x 6' 03" (3.91m x 1.91m) Double glazed window to rear, central heating radiator 

BATHROOM 6' 00" x 5' 07" maximum (1.83m x 1.7m) Obscure double glazed window to rear, white suite comprising: bath with shower over, pedestal hand wash basin, close couple wc, complimentary tiling, central heating radiator 

REAR GARDEN Paved patio area with garden laid to lawn, hedgerow to boundaries, door to integral storage room 

RENTAL POTENTIAL RENTAL POTENTIAL
Based on a property value of £171,500 and a monthly rental income of £975.00 you could expect a
6.82% rental yield.

We have used a rental yield calculator to assess the annual rental potential yield and is a gross value based on receiving an asking price offer of £171,500 and represents an annual yield of 6.82%. Please note this figure does not include costs for remedial work, additional fees for management fees (if fully managed) capital gains or costs associated with maintaining a rental property.

 

TENURE - FREEHOLD The seller has advised that the property is Freehold.

*PLEASE NOTE, THE AGENTS UNDERSTAND THE PROPERTY IS NON STANDARD CONSTRUCTION*

Tenure Disclaimer
Consumer Protection from Unfair Trading Regulations 2008
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. References to the tenure of a property are based on information supplied by the seller. The Agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Agent Details

Davidson Estates, Edgbaston - HQ

0121 387 6789

Next Steps?

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