3 Bed Detached House, Motivated Seller, Birmingham, B31 5BX, £410,000

Torre Avenue, Birmingham, West Midlands, B31 5BX - 3 views - 3 months ago

Motivated
BTL
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£162K - £340K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£4.4K/m²

Value Estimate

£268,908

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£102,500

Stamp Duty & Legal Fees

£21,500

Total Cash In

£124,000

 

 

Cash Out

 

Rent Range

£750 - £1,550

Rent Estimate

£761

Running Costs/mo

£1,453

Cashflow/mo

£-692

Cashflow/yr

£-8,309

Gross Yield

2%

Local Sold Prices

50 sold prices from £162K to £340K, average is £232K. £1.7K/m² to £4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£250K11/230.06 mi89, Bodenham Road, Birmingham, West Midlands B31 5DR3
£215K08/230.07 mi30, Chelston Road, Birmingham, West Midlands B31 5BU3
£214K04/210.07 mi74, Chelston Road, Birmingham, West Midlands B31 5BU3
£260K06/230.07 mi68, Chelston Road, Birmingham, West Midlands B31 5BU3
£225K07/230.07 mi32, Chelston Road, Birmingham, West Midlands B31 5BU3
£281.2K12/230.09 mi88, Chelston Road, Birmingham, West Midlands B31 5BT3
£292.5K02/240.11 mi62, West Park Avenue, Birmingham, West Midlands B31 5BH3
£222.5K02/210.11 mi90, West Park Avenue, Birmingham, West Midlands B31 5BH3
£285K06/240.13 mi114, Hanging Lane, Birmingham, West Midlands B31 5BZ3
£330K04/230.13 mi129, Hanging Lane, Birmingham, West Midlands B31 5DL3
£280K01/230.14 mi182, Hanging Lane, Birmingham, West Midlands B31 5DN3
£335K07/240.15 mi1227, Bristol Road South, Northfield, Birmingham, West Midlands B31 2SW3
£255K08/230.15 mi28, West Park Avenue, Birmingham, West Midlands B31 5BQ3
£238K06/230.16 mi12, Dockar Road, Northfield, Birmingham, West Midlands B31 5DH3
£340K01/210.17 mi42, Bodenham Road, Birmingham, West Midlands B31 5DS3
£215K04/210.17 mi76, Green Park Road, Birmingham, West Midlands B31 5BD3
£248K02/240.19 mi2, Josiah Road, Birmingham, West Midlands B31 5DE3
£250K10/230.19 mi1a, Josiah Road, Birmingham, West Midlands B31 5DE3
£220K02/240.2 mi221, Tessall Lane, Longbridge, Birmingham, West Midlands B31 5EG3
£165K12/200.2 mi83, Green Park Road, Birmingham, West Midlands B31 5AX3
£193K01/210.2 mi11, Green Park Road, Birmingham, West Midlands B31 5AX3
£220K05/210.2 mi91, Green Park Road, Birmingham, West Midlands B31 5AX3
£166K02/210.2 mi29, Green Park Road, Birmingham, West Midlands B31 5AX3
£165K12/200.2 mi83, Green Park Road, Birmingham, West Midlands B31 5AX3
£270K05/240.2 mi59, Green Park Road, Birmingham, West Midlands B31 5AX3
£265K08/240.22 mi51, Fairway, Northfield, Birmingham, West Midlands B31 5BB3
£207K04/210.23 mi78, Fairway, Northfield, Birmingham, West Midlands B31 5BA3
£285K03/230.24 mi148, Tessall Lane, Birmingham, West Midlands B31 5EB3
£320K08/230.24 mi168, Tessall Lane, Longbridge, Birmingham, West Midlands B31 5EB3
£217.5K01/240.24 mi1256, Bristol Road South, Northfield, Birmingham, West Midlands B31 2TH3
£165K04/210.24 mi1254, Bristol Road South, Northfield, Birmingham, West Midlands B31 2TH3
£200K10/230.25 mi1075, Bristol Road South, Northfield, Birmingham, West Midlands B31 2QW3
£162K11/200.25 mi13, Hawkesley Mill Lane, Birmingham, West Midlands B31 2RJ3
£200K04/230.26 mi28, Hawkesley Mill Lane, Birmingham, West Midlands B31 2RL3
£230K05/210.26 mi12, Hawkesley Mill Lane, Birmingham, West Midlands B31 2RL3
£215K12/230.26 mi30, Hawkesley Mill Lane, Birmingham, West Midlands B31 2RL3
£223.5K08/210.26 mi131, Farren Road, Birmingham, West Midlands B31 5HJ3
£211.5K01/230.26 mi81, Farren Road, Birmingham, West Midlands B31 5HJ3
£215K05/210.26 mi135, Farren Road, Birmingham, West Midlands B31 5HJ3
£278K03/230.26 mi119, Farren Road, Birmingham, West Midlands B31 5HJ3
£320K05/240.27 mi57, Steel Road, Northfield, Birmingham, West Midlands B31 2RQ3
£242.5K02/230.27 mi84, Farren Road, Birmingham, West Midlands B31 5HW3
£270K11/220.27 mi65, Steel Road, Northfield, Birmingham, West Midlands B31 2RQ3
£215K12/200.28 mi15, Morland Place, Birmingham, West Midlands B31 2PF3
£211K09/230.29 mi96, Farren Road, Birmingham, West Midlands B31 5HW3
£178K12/200.29 mi82, Farren Road, Birmingham, West Midlands B31 5HW3
£260K09/230.29 mi100, Farren Road, Birmingham, West Midlands B31 5HW3
£234K12/220.29 mi41, Farren Road, Birmingham, West Midlands B31 5HH3
£265K04/230.29 mi65, Farren Road, Birmingham, West Midlands B31 5HH3
£255K03/230.29 mi63, Farren Road, Birmingham, West Midlands B31 5HH3

Local Rents

34 rents from £750/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,09512/240.07 miMeadow Gate, Northfield, Birmingham, West Midlands, B313
£1,12512/240.09 miChelston Road, Birmingham, West Midlands, B313
£1,19512/240.1 miChelston Road, Birmingham3
£1,19512/240.1 miChelston Road, Birmingham3
£1,25001/240.19 mi-3
£1,15012/240.23 miMavis Road, Birmingham, West Midlands, B313
£1,20012/240.24 miBristol Road South, Northfield, B313
£1,45004/250.26 mi-3
£1,00012/240.28 miFarren Road, Birmingham, West Midlands, B313
£1,30012/240.29 miHanging Lane, Birmingham, West Midlands, B313
£1,37503/250.3 mi-3
£1,39504/250.3 mi-3
£1,40012/240.32 miSouth Road, Birmingham3
£1,10012/240.33 miPark View Road, B313
£1,39512/240.35 miPark View Road, BIRMINGHAM, West Midlands, B313
£1,10012/240.36 miPark View Road, Birmingham, West Midlands, B313
£1,25012/240.37 miCypress Grove, Birmingham, West Midlands, B313
£83512/240.4 miBristol Road South, Birmingham, B313
£1,34903/250.42 mi-3
£1,20012/240.49 miBroughton Crescent, Birmingham3
£1,20004/250.5 mi-3
£1,55002/240.51 mi-3
£1,55012/240.51 miHawkesley Crescent, Birmingham, B313
£99512/240.51 miSylvan Avenue, Northfield3
£95012/240.51 miThe Roundabout, Birmingham, West Midlands, B313
£1,30004/250.53 mi-3
£1,10012/240.54 miHoneycomb Way, Northfield, B313
£75012/240.54 miHoneycomb Way, Northfield, B313
£1,20003/250.55 mi-3
£1,10012/230.56 mi-3
£1,15012/240.57 miNorrington Road, BIRMINGHAM3
£1,19512/240.58 miCheverton Road, Northfield, B313
£1,19903/250.6 mi-3
£1,24909/240.61 mi-3

Local Area Statistics

Population in B31

53,767

Population in Birmingham

1,034,821

Town centre distance

5.91 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £410,000

January 22, 2025

Floor Plans

Description

  • Council Tax Band C, Freehold +
  • Has Been Repainted and Had New Radiators Put In Throughout (With One Waiting To Be Fitted) +
  • New Windows and Doors Have Been Fitted +
  • New Flooring And Joists To Reception Areas +
  • Open Plan Living Room/ Diner With New Flooring +
  • New Fitted Bathroom +
  • Kitchen Was New in 2016 And Has Been Extended + Large Extended Garage +
  • British Gas Boiler Installed 5 Years Ago +
  • Loft Has Been Boarded +
  • Viewing Advised +

This charming property would make an ideal family home or investment opportunity. In a great location for a bustling city life whilst also being far enough away from the centre to easily access nature at your fingertips. Can you picture yourself making this house your home? Call now to book your viewing!

This detached 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 with the property being closely located to the M5 Motorway providing effortless travel across the country.

The accommodation briefly comprises a welcoming entrance way, an open plan living room/diner with a bay window to one side and a log burning fireplace to the other, you can also find French doors leading to the rear and a fitted kitchen with integrated appliances. There is a large utility cupboard to the right of the property with a new roof over the kitchen and utility room including a glass lantern.

To the first floor is an inviting landing area through to three well-proportioned bedrooms, the master of which boasts a bay window and a three-piece bathroom with a shower cubicle featuring a rain shower head, a hand wash basin and a WC.

Externally, the property benefits from a rear garden with a bricked seating area and a lawn separated by a low brick wall as well as a bricked shed for storage. You can also find a driveway for off-road parking and a garage for storage to the front.

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 £5,000. 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 💪