2 Bed Terraced House, Single Let, West Bromwich, B70 6LG, £125,000

Florence Road, West Bromwich, B70 6LG - 3 months ago

Sold STC

BTL

ROI: 9%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£82K - £227K
Sold Prices/m²	£988/m² - £3.6K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£127,808£127,808
BMV	2%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£36,200£36,200

Cash Out
Rent Range	£750 - £1,650£750 - £1,650
Rent Estimate	£850
Running Costs/mo	£581£581
Cashflow/mo	£269£269
Cashflow/yr	£3,233£3,233
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

21 sold prices from £82K to £227K, average is £142K. £988/m² to £3.6K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£220K	05/22	0.37 mi	60, Europa Avenue, West Bromwich, West Midlands B70 6TU	-	-	2	Detached House
£170K	08/22	0.44 mi	2, Europa Avenue, West Bromwich, West Midlands B70 6TJ	£2,656	64	2	Detached House
£142K	12/20	0.45 mi	50, Dawes Avenue, West Bromwich, West Midlands B70 7LT	£2,000	71	2	Terraced House
£158K	11/20	0.51 mi	85, Cooper Street, West Bromwich, West Midlands B70 7NY	£2,431	65	2	Semi-Detached House
£160K	07/23	0.58 mi	73, Kelvin Way, West Bromwich, West Midlands B70 7LE	£2,254	71	2	Terraced House
£126.5K	03/23	0.78 mi	178, Bromford Lane, West Bromwich, West Midlands B70 7HS	£1,228	103	2	Terraced House
£203K	01/23	0.78 mi	33, Livingstone Road, West Bromwich, West Midlands B70 7HU	-	-	2	Semi-Detached House
£227K	06/21	0.78 mi	18, Sandwell Road North, West Bromwich, West Midlands B71 4JB	£3,603	63	2	Detached House
£175K	02/23	0.79 mi	100, Livingstone Road, West Bromwich, West Midlands B70 7HZ	-	-	2	Terraced House
£115K	01/21	0.79 mi	88, Livingstone Road, West Bromwich, West Midlands B70 7HZ	£1,620	71	2	Terraced House
£181.5K	03/23	0.79 mi	12, Livingstone Road, West Bromwich, West Midlands B70 7HZ	-	-	2	Semi-Detached House
£95K	11/20	0.8 mi	9, Margaret Street, West Bromwich, West Midlands B70 8LE	£1,319	72	2	Terraced House
£115K	06/21	0.83 mi	44, St Clements Lane, West Bromwich, West Midlands B71 4EU	£1,844	62	2	Terraced House
£160K	10/23	0.83 mi	56, St Clements Lane, West Bromwich, West Midlands B71 4EU	-	-	2	Terraced House
£140K	12/20	0.83 mi	48, St Clements Lane, West Bromwich, West Midlands B71 4EU	£1,628	86	2	Terraced House
£140K	03/21	0.86 mi	46, Westbourne Road, West Bromwich, West Midlands B70 8LD	£1,505	93	2	Terraced House
£146K	09/21	0.91 mi	2, Cranbourne Place, West Bromwich, West Midlands B71 4HD	£2,000	73	2	Semi-Detached House
£136K	03/21	0.92 mi	20, Stoney Lane, West Bromwich, West Midlands B71 4EP	£1,722	79	2	Semi-Detached House
£100K	11/20	0.93 mi	81, Blakeley Hall Road, Oldbury, West Midlands B69 4ES	£1,639	61	2	Terraced House
£82K	05/21	0.94 mi	91, Clifford Road, West Bromwich, West Midlands B70 8JT	£988	83	2	Semi-Detached House
£133K	01/21	0.94 mi	21, Clifford Road, West Bromwich, West Midlands B70 8JY	£2,078	64	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£925	12/24	0.07 mi	Burlington Avenue, West Bromwich,West Midlands, B70	2	Terraced House
£1,650	04/25	0.22 mi	-	2	Flat
£750	12/24	0.27 mi	1 Princes Gate, Beeches Road, West Bromwich	2	Flat
£850	12/24	0.27 mi	Princes Gate, WEST BROMWICH	2	Flat
£850	12/24	0.27 mi	Princes Gate, WEST BROMWICH	2	Flat
£800	12/24	0.31 mi	Bell Street, WEST BROMWICH	2	Flat
£900	02/25	0.32 mi	-	2	Flat
£1,100	12/24	0.37 mi	Birmingham Road, West bromwich	2	Flat
£825	12/24	0.59 mi	West Gate Plaza, West Bromwich	2	Flat
£970	12/24	0.64 mi	Victoria Street, WEST BROMWICH	2	Flat
£925	12/24	0.79 mi	Margaret Street, West Bromwich, West Midlands, B70 8LE	2	Terraced House
£950	12/24	0.83 mi	St. Clements Lane, WEST BROMWICH	2	Flat
£975	12/24	0.83 mi	St. Clements Lane, WEST BROMWICH	2	Flat
£1,100	12/24	0.84 mi	-	2	Terraced House
£850	12/24	0.9 mi	Birmingham Road, Oldbury, B69 4EW	2	Flat
£925	12/24	0.94 mi	Betram Road, Smethwick	2	Flat
£1,180	02/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,250	03/24	0.95 mi	-	2	Flat
£1,170	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,170	03/24	0.95 mi	-	2	Flat
£1,170	03/24	0.95 mi	-	2	Flat
£1,170	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,170	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	03/24	0.95 mi	-	2	Flat
£1,180	12/24	0.95 mi	-	2	Flat
£1,180	12/24	0.95 mi	-	2	Flat
£1,180	01/25	0.95 mi	-	2	Flat
£1,100	03/25	0.95 mi	-	2	Flat
£850	02/24	0.96 mi	-	2	Flat
£850	02/24	0.96 mi	-	2	Flat
£850	03/24	0.96 mi	-	2	Flat
£850	02/24	0.96 mi	-	2	Flat
£850	02/24	0.96 mi	-	2	Flat

Local Area Statistics

Population in B70	27,77227,772
Population in West Bromwich	58,70558,705
Town centre distance	1.25 miles away1.25 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.10 miles away0.10 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+13%+13%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+33%+33%

Property History

Listed for £125,000

January 22, 2025

Floor Plans

Description

Great Potential for Uplift +
Double Glazed Throughout +
Easy to Maintain garden +
Large Bedrooms +
Two Big Reception Rooms +
Perfect for Investment +
Ample Street Parking +
3D Tour Available +

Great Potential for Uplift: Ready to make it your own! With its solid foundation and versatile layout, this property is brimming with opportunities to add value.

Easy-to-Maintain Garden: Enjoy the outdoors without the hassle. The compact yet functional garden space is perfect for relaxing or entertaining.

Spacious Living: The large bedrooms provide plenty of room for relaxation and storage, while two big reception rooms offer endless possibilities for dining, entertaining, or creating a dedicated workspace.

Ample Street Parking: Enjoy the convenience of generous parking options right outside your door.

Perfect for Investment: Whether you're an investor or a growing family, this property’s potential ensures excellent long-term value.

Agent Details

The Estate Agent Group, Covering Midlands

01543 398551

Next Steps?

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

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