2 Bed Terraced House, Single Let, Smethwick, B66 3DR, £115,000

Bridge Street South, Smethwick, B66 3DR - 11 views - 3 months ago

Auction
BTL
ROI: 7%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£80K - £230K
Sold Prices/m²£1K/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£122,302

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£34,000

 

 

Cash Out

 

Rent Range

£850 - £1,250

Rent Estimate

£850

Running Costs/mo

£549

Cashflow/mo

£301

Cashflow/yr

£3,608

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £80K to £230K, average is £130K. £1K/m² to £2.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£143.5K05/210.24 mi42, Pool Road, Smethwick, West Midlands B66 3DB2
£150K08/230.24 mi54, Pool Road, Smethwick, West Midlands B66 3DB2
£155K11/200.24 mi52, Pool Road, Smethwick, West Midlands B66 3DB2
£130K11/200.24 mi36, Pool Road, Smethwick, West Midlands B66 3DB2
£190K06/230.25 mi4, Amity Close, Smethwick, West Midlands B66 3AB2
£180K10/220.32 mi65, Doulton Drive, Smethwick, West Midlands B66 1RA2
£145K07/210.32 mi66, Doulton Drive, Smethwick, West Midlands B66 1RA2
£115K10/210.34 mi25, Kimberley Road, Smethwick, West Midlands B66 2BX2
£117K12/200.34 mi27, Kimberley Road, Smethwick, West Midlands B66 2BX2
£80K01/230.34 mi21, Kimberley Road, Smethwick, West Midlands B66 2BX2
£130K11/220.42 mi12, St Georges Drive, Smethwick, West Midlands B66 1DN2
£90K02/210.42 mi159, Cambridge Road, Smethwick, West Midlands B66 2HR2
£125K01/220.44 mi134, Perry Street, Smethwick, West Midlands B66 1DJ2
£125K07/210.58 mi7, Highfield Road, Smethwick, West Midlands B67 6AP2
£175K09/230.58 mi37, Dibble Road, Smethwick, West Midlands B67 7PU2
£125K06/210.59 mi33, Woodlands Street, Smethwick, West Midlands B66 3TF2
£112K11/210.6 mi64, Parkhill Road, Smethwick, West Midlands B67 6AU2
£120K04/210.6 mi37, Sabell Road, Smethwick, West Midlands B67 7PW2
£105K03/210.62 mi82, Sabell Road, Smethwick, West Midlands B67 7PN2
£163K03/230.63 mi18, Salisbury Road, Smethwick, West Midlands B66 3RU2
£190K08/220.65 mi12, Unett Street, Smethwick, West Midlands B66 3SW2
£155K11/220.66 mi109, Dibble Road, Smethwick, West Midlands B67 7PY2
£147.5K03/230.66 mi51, Westfield Road, Smethwick, West Midlands B67 6AW2
£128K05/210.66 mi25, Parkes Street, Smethwick, West Midlands B67 6BA2
£120K08/210.67 mi161, Crocketts Road, Birmingham, West Midlands B21 0HS2
£85K11/210.68 mi119, Junction Road, Birmingham, West Midlands B21 0EU2
£130K03/210.7 mi61, White Road, Smethwick, West Midlands B67 7PQ2
£110K01/210.7 mi151, Rosefield Road, Smethwick, West Midlands B67 6DZ2
£190K09/230.7 mi157, Rosefield Road, Smethwick, West Midlands B67 6DZ2
£142K08/210.71 mi50, Woodland Road, Handsworth, Birmingham, West Midlands B21 0EP2
£186K01/230.71 mi135, Arden Road, Smethwick, West Midlands B67 6EN2
£178K04/230.72 mi173, Arden Road, Smethwick, West Midlands B67 6EN2
£130K07/230.72 mi62, Kentish Road, Birmingham, West Midlands B21 0AX2
£113K03/210.72 mi52, Kentish Road, Birmingham, West Midlands B21 0AX2
£127.5K08/210.72 mi1, Raglan Road, Smethwick, West Midlands B66 3NE2
£150K11/200.72 mi87, Woodland Road, Handsworth, Birmingham, West Midlands B21 0ET2
£186K11/210.73 mi48, Claremont Road, Smethwick, West Midlands B66 4JY2
£130K09/210.73 mi152, Sabell Road, Smethwick, West Midlands B67 7PJ2
£155K11/220.74 mi79, Parkes Street, Smethwick, West Midlands B67 6BW2
£143K07/230.74 mi48, Brisbane Road, Smethwick, West Midlands B67 7AR2
£125K04/230.74 mi26, Cemetery Road, Smethwick, West Midlands B67 6BQ2
£155K09/210.76 mi54, The Uplands, Smethwick, West Midlands B67 6BZ2
£115K05/210.77 mi25, Watt Street, Birmingham, West Midlands B21 0NP2
£120K07/230.77 mi68, Green Lane, Handsworth, Birmingham, West Midlands B21 0DD2
£230K11/210.77 mi62, Londonderry Lane, Smethwick, West Midlands B67 7EY2
£195K10/230.78 mi69, The Uplands, Smethwick, West Midlands B67 6BY2
£140K04/210.78 mi65, The Uplands, Smethwick, West Midlands B67 6BY2
£127K06/210.78 mi10, Florence Road, Smethwick, West Midlands B66 4QT2
£152K01/230.78 mi10, Belmont Road East, Birmingham, West Midlands B21 0AW2
£110K09/220.78 mi125, Gilbert Road, Smethwick, West Midlands B66 4PZ2

Local Rents

50 rents from £850/mo to £1.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£95004/250.21 mi-2
£95012/240.29 miRoslyn Close, Smethwick, B662
£85002/240.52 mi-2
£85002/240.52 mi-2
£85002/240.52 mi-2
£85002/240.52 mi-2
£85002/240.52 mi-2
£85003/240.52 mi-2
£85002/240.52 mi-2
£85002/240.52 mi-2
£85002/240.52 mi-2
£85003/240.52 mi-2
£85002/240.52 mi-2
£85012/240.52 mi-2
£85001/250.52 mi-2
£85002/250.52 mi-2
£85002/250.52 mi-2
£85002/250.52 mi-2
£1,18002/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,25003/240.53 mi-2
£1,17003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,17003/240.53 mi-2
£1,17003/240.53 mi-2
£1,17003/240.53 mi-2
£1,18003/240.53 mi-2
£1,17003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18003/240.53 mi-2
£1,18012/240.53 mi-2
£1,18012/240.53 mi-2
£1,18001/250.53 mi-2
£1,10003/250.53 mi-2
£1,15003/240.53 mi-2
£1,15012/240.53 miCorbett Street, Smethwick, B662
£1,20012/240.56 miWindmill Lane, Smethwick, West Midlands, B662

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Price changed to £115,000

April 1, 2025

Price changed to £125,000

March 28, 2025

Price changed to £129,000

March 20, 2025

Listed for £135,000

February 7, 2025

Floor Plans

Description

  • Rear Garden +
  • View more: underthehammer.com +

For Sale by under the hammer online auction. Thursday 13th - Thursday 13th March 2025 - Head over to our website to download the legal pack, register to bid and see more information. A freehold two bedroom property located in a residential area of Smethwick.  The property has a lounge, a separate dining room, kitchen, two well appointed bedrooms, and an upstairs family bathroom.  Externally the property benefits from the potential of off road parking and a rear garden.  The property is in good condition.  Whether you're a first-time buyer or looking for a great investment opportunity, this property offers fantastic potential with its spacious layout and great value.  Smethwick, located in the heart of the West Midlands, offers an ideal geographical location for those seeking both urban convenience and suburban charm. Just 3 miles west of Birmingham city centre, it boasts excellent transport links, including easy access to the M5, M6, and M42 motorways, as well as Smethwick's own train stations connecting to Birmingham and beyond. With nearby parks, shopping centres, and highly regarded schools, Smethwick is perfect for families, commuters, and investors alike.  Here's what to do next

  • Visit - Our website and view the auction terms.
  • View - Book a viewing directly through our website.
  • Register - Get registered prior to the auction opening date.
  • Legal Pack - Download and view the legal pack to find out all the relevant information.
  • Prior Auction Offer - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.
  • Bidding - Everything is completed online through the website and the intuitive bidding controls. If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website

Agent Details

Under The Hammer, Birmingham

03455 120115

Next Steps?

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