3 Bed Terraced House, Single Let, Birmingham, B17 8JH, £185,000

Westbury Road, Birmingham, B17 8JH - 4 views - 3 months ago

Sold STC
BTL
ROI: 4%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£50K - £400K
Sold Prices/m²£680/m² - £4.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£224,634
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£995

Running Costs/mo

£797

Cashflow/mo

£198

Cashflow/yr

£2,375

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £50K to £400K, average is £218K. £680/m² to £4.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£166K11/200 mi86, Westbury Road, Birmingham, West Midlands B17 8JH3
£190K03/230.07 mi267, Portland Road, Edgbaston, Birmingham, West Midlands B17 8LU3
£176K12/220.07 mi146, Selsey Road, Birmingham, West Midlands B17 8JT3
£355K12/220.16 mi30, George Dixon Road, Birmingham, West Midlands B17 8LQ3
£180K03/210.16 mi117, Ridgeway, Edgbaston, Birmingham, West Midlands B17 8JD3
£145K11/210.17 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£121.5K02/210.17 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£135K11/210.18 mi49, Gilbert Road, Smethwick, West Midlands B66 4PY3
£120K02/210.19 mi152, Sycamore Road, Smethwick, West Midlands B66 4NS3
£182K01/230.19 mi139, Sycamore Road, Smethwick, West Midlands B66 4NS3
£265K05/210.22 mi187, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HJ3
£180K10/220.23 mi51, Edith Road, Smethwick, West Midlands B66 4QX3
£360K07/220.24 mi2, Deers Way, Birmingham, West Midlands B16 0QQ3
£120K09/210.25 mi96, Edith Road, Smethwick, West Midlands B66 4QY3
£196K08/230.25 mi94, Edith Road, Smethwick, West Midlands B66 4QY3
£120K12/200.25 mi25, Laundry Road, Smethwick, West Midlands B66 4PR3
£400K06/210.26 mi3, Bernard Road, Birmingham, West Midlands B17 8LP3
£252K12/200.26 mi21, Bernard Road, Birmingham, West Midlands B17 8LP3
£277K01/210.26 mi17, Bernard Road, Birmingham, West Midlands B17 8LP3
£233K05/210.27 mi27, Brook Way, Birmingham, West Midlands B16 0QR3
£260K12/220.28 mi44, Wadhurst Road, Birmingham, West Midlands B17 8JE3
£165K02/230.28 mi4, Oliver Road, Smethwick, West Midlands B66 4PL3
£50K05/230.28 mi24, Oliver Road, Smethwick, West Midlands B66 4PL3
£177.5K08/220.29 mi90, Marlborough Road, Smethwick, West Midlands B66 4DW3
£310K06/230.29 mi17, Wadhurst Road, Birmingham, West Midlands B17 8JF3
£315K03/210.29 mi19, Wadhurst Road, Birmingham, West Midlands B17 8JF3
£160K12/200.3 mi178, Merrivale Road, Smethwick, West Midlands B66 4EA3
£190K10/220.3 mi188, Merrivale Road, Smethwick, West Midlands B66 4EA3
£240K06/210.31 mi78, Barley Road, Birmingham, West Midlands B16 0QE3
£276K12/220.33 mi23, Devey Road, Smethwick, West Midlands B66 4ST3
£168K10/230.33 mi114, Montague Road, Smethwick, West Midlands B66 4PW3
£292K06/210.34 mi3, Antler Way, Birmingham, West Midlands B16 0PX3
£215K01/210.34 mi158, Waterloo Road, Smethwick, West Midlands B66 4NE3
£165K08/230.36 mi43, Capethorn Road, Smethwick, West Midlands B66 4LY3
£250K11/210.37 mi58, Grange Road, Smethwick, West Midlands B66 4NQ3
£310K03/210.37 mi7, Ravenshaw Road, Birmingham, West Midlands B16 0TE3
£236K12/210.38 mi42, Crown Street, Smethwick, West Midlands B66 4SP3
£268K10/230.38 mi56, Grange Road, Smethwick, West Midlands B66 4NQ3
£222K03/210.39 mi237, Bearwood Road, Smethwick, West Midlands B66 4NA3
£245K11/230.43 mi2, Kelvin Drive, Smethwick, West Midlands B66 4SU3
£340K03/210.44 mi116, Stanmore Road, Birmingham, West Midlands B16 0SX3
£377.5K10/200.44 mi136, Stanmore Road, Birmingham, West Midlands B16 0SX3
£340K03/210.44 mi116, Stanmore Road, Birmingham, West Midlands B16 0SX3
£329K06/210.44 mi43, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HP3
£221K09/220.44 mi32, Merrivale Road, Smethwick, West Midlands B66 4EJ3
£163K11/200.44 mi19, Belmont Road, Smethwick, West Midlands B66 4EL3
£380K09/220.45 mi52, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HD3
£118K07/210.46 mi72, Salisbury Road, Smethwick, West Midlands B66 3RX3
£145K04/210.46 mi105, Salisbury Road, Smethwick, West Midlands B66 3RX3
£149K08/210.46 mi51, Rosebery Road, Smethwick, West Midlands B66 3RZ3

Local Rents

30 rents from £800/mo to £4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05012/240.01 miWestbury Road, Edgbaston, B17 8JH3
£1,15012/240.05 miPortland Road, BIRMINGHAM3
£1,15012/240.05 miPortland Road, Edgbaston3
£1,10012/240.13 mi-3
£1,59502/250.16 mi-3
£1,35012/240.18 miAvery Avenue, Edgbaston, Birmingham, B163
£1,00003/250.28 mi-3
£1,00004/250.28 mi-3
£1,10012/240.28 miOliver Road, Cape Hill3
£99002/240.38 mi-3
£1,29512/240.38 miCrown Street, Smethwick3
£1,45004/250.38 mi-3
£1,75004/250.4 mi-3
£1,17503/250.43 mi-3
£1,35001/250.43 mi-3
£1,35004/250.43 mi-3
£1,00004/250.46 mi-3
£99512/240.48 miSandon Road, Edgbaston, Birmingham, B17 8DT3
£1,15011/240.49 mi-3
£4,00004/250.53 mi-3
£80012/240.55 miScribbans Close, Smethwick, West Midlands3
£1,20002/250.56 mi-3
£3,00003/240.57 mi-3
£1,20012/240.57 mismethwick, B663
£1,19512/240.58 miReginald Road, Smethwick3
£1,15003/250.6 mi-3
£1,15004/250.6 mi-3
£1,50003/250.6 mi-3
£1,15012/240.61 miPoplar Road, Smethwick3
£1,15003/250.62 mi-3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £185,000

January 23, 2025

Floor Plans

Description

  • Well presented terrace property +
  • Three bedrooms +
  • Two reception rooms +
  • Fitted kitchen +
  • Family bathroom +
  • Secure rear garden +
  • Great location +

SUMMARY
* THREE BEDROOM VICTORIAN TERRACED PROPERTY * TWO RECEPTION ROOMS * FITTED KITCHEN * TWO DOUBLE BEDROOMS * FAMILY BATHROOM * SECURE REAR GARDEN * GREAT TRANSPORT LINKS TO BIRMINGHAM CITY CENTRE * IDEAL FOR FIRST TIME BUYERS OR A GREAT BUY TO LET INVESTMENT OPPORTUNITY ***

DESCRIPTION
This three bedroom Victorian terraced property is set in the popular location of Edgbaston. The area itself is a short commute to the City Centre, The Midland Metropolitan University Hospital, Queen Elizabeth Hospital and Birmingham University. The property benefits from the facilities of Edgbaston and Harborne, with Bearwood high street a short commute away for local amenities. The location is also popular for families, being within catchments of schools for children of all ages.

The property comprises in more detail: The entrance hallway gives access to the front lounge, with the second reception room, fitted kitchen and bathroom to the rear. Stairs ascend from the hall between the rear lounge and kitchen to the first floor accommodation which hosts the two double bedrooms and an additional third bedroom. The property also benefits from a secure rear garden.

This is a great property in both its location and accommodation available. Viewing is highly recommended.

Agent Note 
This property is council tax band A.

Lounge 13' 8" into bay x 7' 9" into breast ( 4.17m into bay x 2.36m into breast )
double glazed bay window to front, Central heating radiator.

Lounge 2 12' 3" x 12' 1" ( 3.73m x 3.68m )
double glazed window to rear, central heating radiator.

Kitchen 9' 9" x 6' 10" ( 2.97m x 2.08m )
double glazed window to side, central heating radiator, range of wall and base units with drawers and worktops over, sink and drainer unit, gas hob & oven.

Bedroom 1 12' 1" x 11' 4" ( 3.68m x 3.45m )
double glazed window to front, central heating radiator.

Bedroom 2 12' 2" x 9' 1" ( 3.71m x 2.77m )
double glazed window to rear, central heating radiator.

Bedroom 3 9' 8" x 6' 11" ( 2.95m x 2.11m )
double glazed window to rear, central heating radiator.

Bathroom  
Downstairs - double glazed window to side, central heating radiator, low level flush w/c, hand wash basin, bath with shower over.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Shipways, Harborne

0121 387 6295

Next Steps?

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