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2 Bed Terraced House, Single Let, Birmingham, B20 2HF, £160,000

Grove Lane, Handsworth, Birmingham B20 2HF - 3 months ago

Sold STC
BTL
ROI: 4%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£70K - £250K
Sold Prices/m²£1.1K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£123,025

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£845 - £1,200

Rent Estimate

£871

Running Costs/mo

£694

Cashflow/mo

£177

Cashflow/yr

£2,122

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £70K to £250K, average is £138.8K. £1.1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£154K05/230.14 mi24, Chantry Road, Handsworth, Birmingham, West Midlands B21 9JB2
£130K06/210.16 mi7, Brunswick Road, Handsworth, Birmingham, West Midlands B21 9AQ2
£164K06/210.39 mi25, Alfred Road, Handsworth, Birmingham, West Midlands B21 9NG2
£84K01/210.42 mi20, Louise Road, Birmingham, West Midlands B21 0RY2
£144K02/210.42 mi7, Church Lane, Handsworth, Birmingham, West Midlands B20 2HS2
£137K12/220.44 mi8, Albion Road, Handsworth, Birmingham, West Midlands B21 8BG2
£120K10/200.45 mi14, Haseley Road, Birmingham, West Midlands B21 0QU2
£152K05/210.48 mi52, College Road, Handsworth, Birmingham, West Midlands B20 2HX2
£125K10/210.49 mi119, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SE2
£110K09/210.49 mi13, Aylesford Road, Birmingham, West Midlands B21 8DN2
£97K01/210.5 mi9, Grasmere Road, Birmingham, West Midlands B21 0UP2
£135K03/230.51 mi60, Tew Park Road, Birmingham, West Midlands B21 0TR2
£127K03/230.51 mi50, Tew Park Road, Birmingham, West Midlands B21 0TR2
£163K07/230.53 mi89, Tew Park Road, Birmingham, West Midlands B21 0TP2
£136K05/210.53 mi93, Cornwall Road, Birmingham, West Midlands B20 2HY2
£150K05/210.53 mi10, Cornwall Road, Birmingham, West Midlands B20 2HY2
£175K05/210.54 mi3, Oaklands Drive, Birmingham, West Midlands B20 2PE2
£115K09/210.54 mi55, Uplands Road, Handsworth, Birmingham, West Midlands B21 8BU2
£120K03/210.54 mi77, Uplands Road, Handsworth, Birmingham, West Midlands B21 8BU2
£160K06/230.56 mi53, Farnham Road, Handsworth, Birmingham, West Midlands B21 8EQ2
£155K03/210.57 mi39, Windermere Road, Handsworth, Birmingham, West Midlands B21 9RQ2
£160K03/230.57 mi19, Windermere Road, Handsworth, Birmingham, West Midlands B21 9RQ2
£140K06/230.57 mi46, Farnham Road, Handsworth, Birmingham, West Midlands B21 8EG2
£156.5K09/210.59 mi34, Packwood Close, Birmingham, West Midlands B20 2DJ2
£141K08/210.6 mi60, Greenhill Road, Handsworth, Birmingham, West Midlands B21 8DY2
£140K08/210.6 mi78, Stockwell Road, Birmingham, West Midlands B21 9RJ2
£146K06/210.6 mi84, Stockwell Road, Birmingham, West Midlands B21 9RJ2
£175K12/220.61 mi159, Oxhill Road, Birmingham, West Midlands B21 8HB2
£100K02/210.61 mi153, Oxhill Road, Birmingham, West Midlands B21 8HB2
£155K06/210.62 mi37, Stockwell Road, Birmingham, West Midlands B21 9RL2
£199K08/220.63 mi198, Wood Lane, Handsworth, Birmingham, West Midlands B20 2AA2
£150K11/230.64 mi1a, Somerset Road, Handsworth, Birmingham, West Midlands B20 2JE2
£143K07/230.64 mi81, Mary Road, Handsworth, Birmingham, West Midlands B21 0RJ2
£145K06/230.64 mi102, Farnham Road, Handsworth, Birmingham, West Midlands B21 8EE2
£125K06/210.66 mi225, Nineveh Road, Birmingham, West Midlands B21 0TA2
£130K07/210.66 mi96, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£130K08/220.66 mi92, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£166K06/210.66 mi28, Friary Road, Birmingham, West Midlands B20 1BB2
£153K12/220.67 mi59, Alexandra Road, Handsworth, Birmingham, West Midlands B21 0PL2
£250K08/220.7 mi20, Inglenook Drive, Birmingham, West Midlands B20 2EH2
£130K12/200.72 mi247, Newcombe Road, Handsworth, Birmingham, West Midlands B21 8DA2
£130K10/210.73 mi6, Avenue Road, Handsworth, Birmingham, West Midlands B21 8ED2
£115K05/210.76 mi25, Watt Street, Birmingham, West Midlands B21 0NP2
£137.5K06/210.77 mi156, Hutton Road, Handsworth, Birmingham, West Midlands B20 3RE2
£131K02/210.79 mi32, Benson Road, Hockley, Birmingham, West Midlands B18 5EB2
£115.5K03/210.83 mi36, Willes Road, Birmingham, West Midlands B18 4PY2
£122K04/210.83 mi195, Bacchus Road, Birmingham, West Midlands B18 4RB2
£70K06/230.83 mi115, Willes Road, Birmingham, West Midlands B18 4QA2
£141K08/220.84 mi29, Beeton Road, Birmingham, West Midlands B18 4QD2
£110K10/200.84 mi39, Richmond Road, Hockley, Birmingham, West Midlands B18 5NH2

Local Rents

11 rents from £845/mo to £1.2K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,05003/250.17 mi-2
£1,00003/240.22 mi-2
£1,05002/240.39 mi-2
£1,00012/240.53 miWindermere Road, Handsworth, Birmingham, B212
£1,00012/240.53 miWindermere Road, Handsworth, Birmingham, B212
£95012/240.53 miWindermere Road, Handsworth, Birmingham, B212
£95003/240.53 mi-2
£95003/240.53 mi-2
£1,20012/240.54 mi-2
£84512/240.61 miHandsworth, , B212
£84512/240.61 miHandsworth, , B212

Links

Local Area Statistics

Population in B20

34,734

Population in Birmingham

1,034,821

Town centre distance

3.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Balanced market

Capital growth (5yrs)

+43%

Property History

Listed for £160,000

January 14, 2025

Floor Plans

Description

  • IDEAL INVESTMENT +
  • 2 DOUBLE BEDROOMS +
  • 2 RECEPTION ROOMS +
  • EXCELLENT POTENIAL +
  • UPSTAIRS FAMILY BATHROOM +
  • NO UPWARD CHAIN +
  • SCOPE TO IMPROVE +
  • POPULAR LOCATION +
  • MUST BE VIEWED +

Paul Carr Estate Agents are pleased to offer this well presented two bedroom mid terrace family home which is situated on a popular and sought after residential road in Handsworth. The property comprises of a porch entrance, hallway, two reception rooms, fitted kitchen and a WC to the ground floor. The first floor consists of two double bedrooms and a family bathroom. To the front of the property is a gated entrance. The rear garden has been paved for low maintenance.

Agent Details

Paul Carr, Hamstead

0121 387 6411

Next Steps?

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

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