2 Bed Terraced House, Refurb/BRRR, Smethwick, B66 4DT, £160,000

Talbot Road, Warley woods, Smethwick, West Midlands, B66 4DT - 8 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+18 photos

ValuationOvervalued

Sold Prices£120K - £215K
Sold Prices/m²£1.6K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£137,700

 

 

End Value (After Refurb)

£156,550

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£26,800

Bridging Loan Interest

£4,200

Total Cash In

£78,750

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£156,550

Mortgage (After Refinance)

£117,413

Mortgage LTV

75%

Cash Left In

£78,750

Equity

£39,138

Rent Range

£700 - £1,950

Rent Estimate

£970

Running Costs/mo

£703

Cashflow/mo

£267

Cashflow/yr

£3,201

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £120K to £215K, average is £173.3K. £1.6K/m² to £2.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£173.5K04/210.01 mi36, Talbot Road, Smethwick, West Midlands B66 4DT2
£199K09/230.04 mi48, Marlborough Road, Smethwick, West Midlands B66 4DW2
£210K10/220.04 mi31, Linden Road, Smethwick, West Midlands B66 4DZ2
£175K04/210.05 mi42, Linden Road, Smethwick, West Midlands B66 4DY2
£150K05/230.05 mi48, Linden Road, Smethwick, West Midlands B66 4DY2
£215K12/220.06 mi12, Marlborough Road, Smethwick, West Midlands B66 4DW2
£185K08/210.08 mi174, Merrivale Road, Smethwick, West Midlands B66 4EA2
£175.5K08/210.08 mi40, Richmond Road, Smethwick, West Midlands B66 4ED2
£175K09/210.08 mi48, Richmond Road, Smethwick, West Midlands B66 4ED2
£157K11/200.08 mi23, Richmond Road, Smethwick, West Midlands B66 4ED2
£185K06/210.08 mi59, Richmond Road, Smethwick, West Midlands B66 4ED2
£156K09/210.09 mi204, Merrivale Road, Smethwick, West Midlands B66 4DS2
£162K04/220.09 mi230, Merrivale Road, Smethwick, West Midlands B66 4DS2
£203K09/220.09 mi142, Merrivale Road, Smethwick, West Midlands B66 4EB2
£184K11/220.1 mi232, Merrivale Road, Smethwick, West Midlands B66 4DS2
£195K12/220.11 mi126, Merrivale Road, Smethwick, West Midlands B66 4EB2
£152K02/210.12 mi2, Dunsford Road, Smethwick, West Midlands B66 4EH2
£191K12/200.12 mi28, Dunsford Road, Smethwick, West Midlands B66 4EH2
£135K12/200.12 mi1, Dunsford Road, Smethwick, West Midlands B66 4EH2
£200K02/230.13 mi20, Dunsford Road, Smethwick, West Midlands B66 4EH2
£154K11/200.16 mi3, Reginald Road, Bearwood, Smethwick, West Midlands B67 5AQ2
£200K10/230.16 mi20, Beakes Road, Smethwick, West Midlands B67 5RU2
£169.9K07/210.16 mi32, Reginald Road, Bearwood, Smethwick, West Midlands B67 5AE2
£205K07/230.16 mi52, Reginald Road, Bearwood, Smethwick, West Midlands B67 5AE2
£177K08/230.16 mi62, Reginald Road, Bearwood, Smethwick, West Midlands B67 5AE2
£170K11/230.19 mi26, Dale Street, Smethwick, West Midlands B66 4HY2
£145K01/210.2 mi30, Vince Street, Smethwick, West Midlands B66 4JD2
£171.5K06/230.2 mi19, Vince Street, Smethwick, West Midlands B66 4JD2
£173K04/210.2 mi76, Merrivale Road, Smethwick, West Midlands B66 4EJ2
£186.5K04/210.2 mi9, Merrivale Road, Smethwick, West Midlands B66 4EJ2
£175K05/230.2 mi16, Pearman Road, Smethwick, West Midlands B66 4LX2
£173K06/210.21 mi45, Rawlings Road, Smethwick, West Midlands B67 5AD2
£145K03/210.21 mi61, Rawlings Road, Smethwick, West Midlands B67 5AD2
£177K06/230.22 mi77, Reginald Road, Bearwood, Smethwick, West Midlands B67 5AF2
£120K11/200.23 mi12, Capethorn Road, Smethwick, West Midlands B66 4LZ2
£133K04/210.25 mi61, Gladys Road, Smethwick, West Midlands B67 5AW2
£145K04/210.26 mi13, Gladys Road, Smethwick, West Midlands B67 5AW2
£190K08/220.28 mi49, Grange Road, Smethwick, West Midlands B66 4NG2
£148K06/210.29 mi66, Ethel Street, Bearwood, Smethwick, West Midlands B67 5AJ2
£159.9K08/210.29 mi55, Ethel Street, Bearwood, Smethwick, West Midlands B67 5AJ2
£148K06/210.29 mi66, Ethel Street, Bearwood, Smethwick, West Midlands B67 5AJ2
£150K03/230.31 mi165, Selsey Road, Birmingham, West Midlands B17 8JP2
£159.6K12/200.32 mi116, Thimblemill Road, Smethwick, West Midlands B67 5QS2
£130K11/200.33 mi53, Selsey Road, Birmingham, West Midlands B17 8JR2
£210K07/230.34 mi84, Thimblemill Road, Smethwick, West Midlands B67 5QU2
£130K02/210.34 mi52, Thimblemill Road, Smethwick, West Midlands B67 5QU2
£157.5K09/210.34 mi56, Swindon Road, Edgbaston, Birmingham, West Midlands B17 8JL2
£190K12/220.34 mi50, Thimblemill Road, Smethwick, West Midlands B67 5QU2
£185K06/210.35 mi81, Katherine Road, Smethwick, West Midlands B67 5QY2
£178K08/210.35 mi83, Katherine Road, Smethwick, West Midlands B67 5QY2

Local Rents

50 rents from £700/mo to £1.9K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,14904/250.04 mi-2
£87512/240.06 miBearwood Road, Smethwick2
£90012/240.06 miMarlborough Road, Smethwick, West Midlands, B662
£92512/240.16 miReginald Road, Smethwick, West Midlands, B672
£95012/240.16 miReginald Road, Smethwick2
£97512/240.2 miMerrivale Road, Bearwood, Birmingham, B662
£87512/240.22 mi-2
£85002/240.23 mi-2
£87512/240.24 mi-2
£87512/240.24 miCardinal Close, Birmingham, B172
£89512/240.25 miGladys Road, Smethwick, West Midlands, B672
£75002/240.25 mi-2
£89512/240.26 miWaterloo Road, Smethwick2
£85002/240.27 mi-2
£1,15002/250.28 mi-2
£1,00001/250.29 mi-2
£82512/240.31 miPoplar Avenue B172
£1,25001/250.32 mi-2
£1,95004/250.32 mi-2
£1,27503/250.32 mi-2
£95002/250.33 mi-2
£85001/250.33 mi-2
£92502/250.34 mi-2
£1,90004/250.36 mi-2
£1,15001/250.38 mi-2
£1,15001/250.38 mi-2
£1,00003/250.38 mi-2
£1,05004/250.39 mi-2
£1,20012/240.4 miWeston Road, Birmingham, B672
£1,20003/240.4 mi-2
£1,21212/240.4 miSandon Road, Birmingham2
£89512/240.4 miPoplar Road, Bearwood, Birmingham, West Midlands, B662
£95001/250.41 mi-2
£90012/240.41 miClarendon Road, Smethwick2
£1,30004/250.43 mi-2
£1,20003/250.44 mi-2
£87501/250.44 mi-2
£1,10012/240.45 miWaterloo Road, Smethwick, Birmingham2
£70012/240.48 miCape Hill, Smethwick, West Midlands, B662
£1,16512/240.52 miCity Road, Edgbaston, Birmingham, B172
£1,15512/240.52 miCity Road, Edgbaston, Birmingham, B172
£94912/240.54 mi-2
£95012/240.54 mi-2
£99512/240.56 miHagley Road, Edgbaston, Birmingham2
£99512/240.56 miArden Road, Smethwick, West Midlands, B672
£97512/240.57 mi-2
£99512/240.57 miLightwoods Road, Bearwood, West Midlands2
£87512/240.57 miHagley Road, Harborne, Birmingham2
£85012/240.58 miBearwood, Smethwick, B662
£85012/240.58 miBearwood, Smethwick, B662

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Listed for £160,000

January 13, 2025

Floor Plans

Description

  • Two well-proportioned bedrooms +
  • Two reception rooms +
  • Kitchen with scope for modernisation +
  • Spacious garden with great potential +
  • High ceilings and large windows +
  • Ideal for first-time buyers +
  • Investment opportunity with scope +
  • Excellent transport links nearby +
  • Convenient location near amenities +

This 2-bedroom terraced home presents an excellent opportunity for first-time buyers or investors seeking a project to make their own. Situated in a convenient location, the property boasts a wealth of potential, offering a chance to restore and enhance its characterful features.

Upon entering, you are welcomed into the front reception room, featuring high ceilings and a large window that allows natural light to fill the space. Moving further into the property, a second reception room provides a versatile area that could serve as a cosy lounge or dining room, ideal for hosting family and friends.

To the rear of the property lies the kitchen, offering ample scope for modernisation to suit contemporary tastes. Beyond the kitchen, you will find a bathroom and access to the garden, a good-sized outdoor space that offers potential for landscaping or creating a private retreat.

Upstairs, the property features two well-proportioned bedrooms, both offering plenty of natural light and the opportunity to create comfortable, inviting spaces.

This property requires significant renovation, making it an ideal choice for those looking to add value or personalise their home to their exact specifications. Conveniently located close to local amenities, schools, and excellent transport links, this home provides an exciting investment opportunity with great potential.

Arrange a viewing today to explore the possibilities and envision the transformation of this charming property into a truly special home.

Smethwick is a thriving and diverse town located just a few miles west of Birmingham city centre. Renowned for its rich industrial heritage and close-knit community, it offers a wide range of local amenities, including shops, supermarkets, and an eclectic mix of dining options.

The area boasts excellent transport links, with Smethwick Rolfe Street and Galton Bridge train stations providing easy access to Birmingham, Wolverhampton, and beyond. Key commuter routes, such as the M5 motorway, enhance connectivity, making it an ideal location for professionals.

For families, Smethwick features several well-regarded schools and abundant green spaces, including the picturesque Victoria Park and Smethwick Hall Park, offering opportunities for outdoor leisure and relaxation.

Agent Details

Wentworth & Rose, Harborne

0121 387 6490

Next Steps?

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