3 Bed Terraced House, Single Let, Birmingham, B9 5RN, £180,000

Third Avenue, Bordesley Green, Birmingham, B9 5RN - 2 views - 3 months ago

BTL
ROI: 3%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£89K - £250K
Sold Prices/m²£1.1K/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£173,729

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,900

Total Cash In

£51,900

 

 

Cash Out

 

Rent Range

£990 - £1,400

Rent Estimate

£950

Running Costs/mo

£773

Cashflow/mo

£178

Cashflow/yr

£2,130

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £89K to £250K, average is £163.8K. £1.1K/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£180K08/220 mi95, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RN3
£140K08/210.02 mi130, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RL3
£167.5K10/210.06 mi20, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£150K04/230.06 mi78, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£182.5K12/220.09 mi437, Green Lane, Small Heath, Birmingham, West Midlands B9 5PP3
£153K01/210.09 mi24, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£125K08/220.09 mi2, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£100K05/230.11 mi14, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RD3
£145K10/210.13 mi83, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£145K12/200.13 mi95, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£135K08/220.15 mi423, Bordesley Green, Birmingham, West Midlands B9 5RE3
£184K11/220.15 mi396, Bordesley Green, Birmingham, West Midlands B9 5ND3
£215K12/220.15 mi392, Bordesley Green, Birmingham, West Midlands B9 5ND3
£133.5K02/210.16 mi28, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£134K01/210.16 mi96, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£89K10/200.16 mi412, Bordesley Green, Birmingham, West Midlands B9 5NE3
£250K12/220.17 mi126, Burlington Road, Small Heath, Birmingham, West Midlands B10 9PD3
£160K06/230.17 mi48, Mansel Road, Birmingham, West Midlands B10 9PG3
£182K05/230.17 mi5, Burlington Road, Small Heath, Birmingham, West Midlands B10 9PT3
£165K11/200.18 mi11a, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QT3
£245K02/230.19 mi86, Bankes Road, Birmingham, West Midlands B10 9PS3
£165K11/200.2 mi156, Bankes Road, Birmingham, West Midlands B10 9PH3
£150K10/220.21 mi61, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£147K02/220.22 mi47, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£135K01/210.24 mi59, Mansel Road, Birmingham, West Midlands B10 9NR3
£200K07/230.25 mi222, Bankes Road, Birmingham, West Midlands B10 9PJ3
£145K12/220.25 mi25, Churchill Road, Birmingham, West Midlands B9 5NY3
£162.5K10/200.26 mi126, Fordrough Lane, Bordesley Green, Birmingham, West Midlands B9 5LB3
£148K07/210.27 mi245, Floyer Road, Small Heath, Birmingham, West Midlands B10 9NH3
£153K09/220.28 mi251, Bordesley Green, Birmingham, West Midlands B9 5EX3
£225K02/230.28 mi11, Bankes Road, Birmingham, West Midlands B10 9PP3
£160K01/210.29 mi531, Bordesley Green, Birmingham, West Midlands B9 5XH3
£185K02/210.32 mi64, Drummond Road, Bordesley Green, Birmingham, West Midlands B9 5XL3
£135K01/210.32 mi144, Pretoria Road, Birmingham, West Midlands B9 5LQ3
£170K12/200.34 mi31, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£195K04/210.34 mi23, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£170K12/200.34 mi31, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£166K11/200.36 mi364, Heather Road, Small Heath, Birmingham, West Midlands B10 9BB3
£208K08/210.37 mi150, Kenelm Road, Birmingham, West Midlands B10 9AQ3
£240K08/220.37 mi115, Churchill Road, Birmingham, West Midlands B9 5NX3
£162K03/230.38 mi117, Carlton Road, Small Heath, Birmingham, West Midlands B9 5EE3
£210K05/210.38 mi15, Finnemore Road, Bordesley Green, Birmingham, West Midlands B9 5XN3
£140K11/200.38 mi381, Heather Road, Small Heath, Birmingham, West Midlands B10 9BG3
£165K11/200.38 mi383, Heather Road, Small Heath, Birmingham, West Midlands B10 9BG3
£235K02/230.39 mi18, Hugh Road, Birmingham, West Midlands B10 9AP3
£182K06/210.39 mi165, Kenelm Road, Birmingham, West Midlands B10 9AE3
£159.3K11/200.39 mi123, Botha Road, Bordesley Green, Birmingham, West Midlands B9 5LR3
£200K01/230.4 mi227, Charles Road, Small Heath, Birmingham, West Midlands B10 9EH3
£228K06/210.41 mi509, Belchers Lane, Bordesley Green, Birmingham, West Midlands B9 5XR3
£152K03/210.42 mi189, Colonial Road, Bordesley Green, Birmingham, West Midlands B9 5NP3

Local Rents

11 rents from £990/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.12 mi-3
£1,40001/250.12 mi-3
£1,15011/240.21 mi-3
£1,30012/240.22 mi-3
£1,10012/240.29 mi-3
£1,10004/250.29 mi-3
£1,00012/240.37 miCarlton Road, Birmingham, B93
£1,00012/240.38 miGrange Road, Small Heath, Birmingham, B103
£1,30003/250.42 mi-3
£1,20001/250.46 mi-3
£99012/230.57 mi-3

Local Area Statistics

Population in B9

24,915

Population in Birmingham

1,034,821

Town centre distance

1.64 miles away

Nearest school

0.20 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Price changed to £180,000

March 24, 2025

Listed for £190,000

January 23, 2025

Floor Plans

Description

  • Mid Terraced +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Downstairs Family Bathroom +
  • Rear Garden +
  • Double Glazing (where specified) +
  • Central Heating (where specified) +

SUMMARY
Ideal for a FIRST TIME BUYER and in a FANTASTIC location. The property is situated on a HIGH DEMAND road and is near to local shops, schools and the A45 Coventry Road is easily accessible with many travel links to Birmingham City. With expected HIGH LEVELS of INTEREST, call now to secure a viewing

DESCRIPTION
Ideal for a FIRST TIME BUYER and in a FANTASTIC location. The property is situated on a HIGH DEMAND road and is near to local shops, schools and the A45 Coventry Road is easily accessible with many travel links to Birmingham City. With expected HIGH LEVELS of INTEREST, call now to secure a viewing on .

Approach 
Gated access to a low maintenance paved fore garden and a UPVC double glazed leaded and stained door with matching side window into:

Reception Porch 
Laminate flooring and door into:

Entrance Hallway 
Laminate flooring.

Reception Room 14' into bay x 8' 9" into recess ( 4.27m into bay x 2.67m into recess )
UPVC double glazed bay window to front elevation, laminate flooring, TV aerial point, ceiling light point and central heating radiator.

Lounge 12' 2" x 11' 10" ( 3.71m x 3.61m )
UPVC double glazed window to rear elevation, ceiling light point, TV aerial point, door giving access to stairs to first floor. under stairs storage, laminate flooring and central heating radiator.

Kitchen 12' 4" x 7' 1" ( 3.76m x 2.16m )
UPVC double glazed window to side elevation, a range of wall and base units with roll edge work surface over incorporating a double drainer single bowl sink with mixer tap, wall mounted central heating boiler, tiled to splashback areas, door into:

Inner Lobby 
Plumbing and space for a washing machine, door into the bathroom and further door to side elevation giving access to the rear garden.

Bathroom 
Obscure UPVC double glaze windows to side and rear elevations, panelled bath with mixer tap, pedestal wash hand basin, close coupled dual flush WC, central heating radiator, wall mounted extractor and ceiling light point.

Landing 
Ceiling light point and central heating radiator.

Bedroom One 14' 11" x 13' 1" into recess ( 4.55m x 3.99m into recess )
UPVC double glazed window to front elevation, ceiling light point and central heating radiator.

Bedroom Two 12' 2" x 10' 9" into recess ( 3.71m x 3.28m into recess )
UPVC double glazed window to rear elevation, storage cupboard with loft access, ceiling light point and central heating radiator.

Bedroom Three 12' 5" x 7' 2" ( 3.78m x 2.18m )
UPVC double glazed window to rear elevation, ceiling light point and central heating radiator.

Garden 
Gated side access, water supply, low maintenance paved rear garden with fence to boundaries.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Burchell Edwards, Sheldon

0121 387 6431

Next Steps?

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