2 Bed Terraced House, Motivated Seller, West Bromwich, B70 0NS, £170,000

170, New Swan Lane, West Bromwich, B70 0NS - 10 views - 3 months ago

Motivated
BTL
ROI: 4%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£82K - £230K
Sold Prices/m²£988/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£144,636

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£795 - £1,250

Rent Estimate

£874

Running Costs/mo

£726

Cashflow/mo

£148

Cashflow/yr

£1,775

ROI

4%

Gross Yield

6%

Local Sold Prices

35 sold prices from £82K to £230K, average is £160K. £988/m² to £3.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£200K12/220.03 mi2, Cygnet Road, West Bromwich, West Midlands B70 9RH2
£148K07/210.17 mi38a, Meyrick Road, West Bromwich, West Midlands B70 0JL2
£100K11/200.37 mi58, Hayes Street, West Bromwich, West Midlands B70 9NF2
£194K08/230.39 mi16, Abbey Close, West Bromwich, West Midlands B71 1NY2
£110K11/200.41 mi9, Whyley Street, West Bromwich, West Midlands B70 9LX2
£150K04/210.46 mi34, Mason Street, West Bromwich, West Midlands B70 9NN2
£195K04/220.5 mi2, Kimbley Rise, West Bromwich, West Midlands B71 2DE2
£138K01/210.51 mi78, Railway Street, West Bromwich, West Midlands B70 9HU2
£156K02/230.51 mi56, Railway Street, West Bromwich, West Midlands B70 9HU2
£170K06/210.52 mi9, Trotters Lane, West Bromwich, West Midlands B71 2QF2
£215K03/230.56 mi40, Bedford Road, West Bromwich, West Midlands B71 2RS2
£167K02/210.63 mi33, Sussex Avenue, West Bromwich, West Midlands B71 1AY2
£185K02/230.63 mi41, Tiverton Drive, West Bromwich, West Midlands B71 1DA2
£162K07/210.63 mi14, Tiverton Drive, West Bromwich, West Midlands B71 1DA2
£195K06/230.65 mi58, Harvills Hawthorn, West Bromwich, West Midlands B70 0UQ2
£230K01/230.66 mi13, Devon Crescent, Hateley Heath, West Bromwich, West Midlands B71 1BQ2
£142K10/210.68 mi93, Greets Green Road, West Bromwich, West Midlands B70 9ES2
£191K08/230.69 mi31, Nelson Street, West Bromwich, West Midlands B71 1EE2
£154K07/210.72 mi14, Edwin Phillips Drive, West Bromwich, West Midlands B71 2AZ2
£169K03/210.74 mi76, Coles Lane, West Bromwich, West Midlands B71 2QW2
£188K03/230.75 mi100, Coles Lane, West Bromwich, West Midlands B71 2QW2
£202K10/220.75 mi112, Coles Lane, West Bromwich, West Midlands B71 2QW2
£180K09/230.75 mi53, Lynton Avenue, West Bromwich, West Midlands B71 2QZ2
£144K03/230.76 mi1, Pleasant Street, Hill Top, West Bromwich, West Midlands B70 0RF2
£129.5K06/220.78 mi49, Vowles Road, West Bromwich, West Midlands B71 1AT2
£135K06/210.82 mi8, Wilford Road, West Bromwich, West Midlands B71 1QZ2
£155K11/200.87 mi3, Durham Drive, West Bromwich, West Midlands B71 1HS2
£136K03/210.93 mi20, Stoney Lane, West Bromwich, West Midlands B71 4EP2
£227K06/210.96 mi18, Sandwell Road North, West Bromwich, West Midlands B71 4JB2
£172.5K04/210.98 mi121, Winchester Road, West Bromwich, West Midlands B71 2NY2
£115K06/210.99 mi44, St Clements Lane, West Bromwich, West Midlands B71 4EU2
£160K10/230.99 mi56, St Clements Lane, West Bromwich, West Midlands B71 4EU2
£140K12/200.99 mi48, St Clements Lane, West Bromwich, West Midlands B71 4EU2
£146K09/210.99 mi2, Cranbourne Place, West Bromwich, West Midlands B71 4HD2
£82K05/211 mi91, Clifford Road, West Bromwich, West Midlands B70 8JT2

Local Rents

28 rents from £795/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95011/240.21 mi-2
£90012/240.21 mi-2
£90002/250.21 mi-2
£95003/240.26 mi-2
£1,00001/250.29 mi-2
£1,00001/250.32 mi-2
£1,10002/250.32 mi-2
£1,25012/240.32 mi-2
£1,00002/250.32 mi-2
£1,10001/250.32 mi-2
£1,00001/250.32 mi-2
£1,00001/250.32 mi-2
£1,25004/250.32 mi-2
£1,00002/250.32 mi-2
£1,00004/250.32 mi-2
£1,10004/250.32 mi-2
£1,10004/250.32 mi-2
£90001/240.36 mi-2
£90001/240.36 mi-2
£90012/240.37 miHayes Street, West Bromwich2
£1,00004/240.38 mi-2
£1,00012/240.38 mi-2
£1,00012/240.38 miLiberty Lane, West Bromwich, B702
£90002/250.45 mi-2
£1,00004/250.45 mi-2
£79512/240.45 miCarters Green, WEST BROMWICH2
£95004/250.46 mi-2
£94504/250.6 mi-2

Local Area Statistics

Population in B70

27,772

Population in West Bromwich

58,705

Town centre distance

0.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+13%

Sales demand

Balanced market

Capital growth (5yrs)

+33%

Property History

Listed for £170,000

February 6, 2025

Floor Plans

Description

  • TWO DOUBLE BEDROOMS +
  • ON STREET PARKING +
  • WALK IN SHOWER AND BATH TUB +
  • SUITABLE FOR FIRST TIME BUYERS +
  • SUITABLE FOR INVESTORS +
  • MOTIVATED SELLER +

SUMMARY
A well presented two bedroom mid-terrace family home, situated a short distance from West Bromwich High Street. The property is immaculately presented throughout and is ideal for first time buyers or a growing family. Viewing is highly advised to appreciate the size of this beautiful home.

DESCRIPTION
DO YOU HAVE A PROPERTY TO SELL?
We offer FREE selling valuations

DO YOU NEED A MORTGAGE?
Our fully qualified mortgage experts offer mortgage & remortgage advice

Entrance Hall 
Having door to the front elevation, stairs to the first floor and door to lounge.

Lounge 21' 5" x 12' 9" ( 6.53m x 3.89m )
Having a double glazed bay window to the front elevation, electric fire, with surround, storage cupboard, central heating radiator and door to kitchen.

Kitchen 14' 7" x 6' 6" ( 4.45m x 1.98m )
Having a double glazed window to the rear elevation, fitted kitchen with a range of wall and base units, with worksurfaces over, sink and drainer, tiling to splash prone areas, integrated gas oven and hob, with cooker hood over, plumbing for washing machine central heating radiator and door to rear garden.

Landing 
Having stairs from the entrance hall, double glazed window to the rear and doors to.

Bedroom One 9' 6" x 11' 4" ( 2.90m x 3.45m )
Having a double glazed bay window to the front elevation and central heating radiator.

Bedroom Two 5' 8" x 11' 8" ( 1.73m x 3.56m )
Having a double glazed window to the front elevation and central heating radiator.

Bathroom 10' 6" x 10' 1" ( 3.20m x 3.07m )
Having a double glazed window to the rear elevation, walk in shower, wash hand basin low level WC, bath and central heating radiator.

Rear Garden 
Having a slabbed patio area, lawn area, shed to rear and surrounding trees and shrubs.

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: Connells 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: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Paul Dubberley & Co, West Bromwich

0121 387 6372

Next Steps?

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