3 Bed Terraced House, Single Let, Birmingham, B24 9RW, £185,000

Belvedere Road, Erdington, Birmingham, B24 9RW - 1 views - 2 months ago

Sold STC
BTL
ROI: 4%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£15.8K - £310K
Sold Prices/m²£185/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£193,315
BMV4%

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

£995 - £3,350

Rent Estimate

£950

Running Costs/mo

£788

Cashflow/mo

£162

Cashflow/yr

£1,943

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £15.8K to £310K, average is £183.8K. £185/m² to £3.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£86K05/230.09 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3
£192.5K01/230.1 mi71, Round Road, Birmingham, West Midlands B24 9QY3
£160.5K08/210.1 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£139K07/210.11 mi14, Bisley Grove, Birmingham, West Midlands B24 9RD3
£190K02/230.12 mi168, Round Road, Birmingham, West Midlands B24 9SN3
£140K12/200.15 mi10, Spruce Grove, Birmingham, West Midlands B24 9TB3
£147K03/210.18 mi52, Firtree Road, Birmingham, West Midlands B24 9SH3
£225K11/210.18 mi13, Firtree Road, Birmingham, West Midlands B24 9SH3
£160K02/210.18 mi32, Firtree Road, Birmingham, West Midlands B24 9SH3
£170K07/210.22 mi46, Birches Green Road, Birmingham, West Midlands B24 9SR3
£114K09/230.22 mi46, Birches Green Road, Birmingham, West Midlands B24 9SR3
£140K06/210.23 mi63, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR3
£310K11/210.25 mi409, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£202K09/230.25 mi407, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£190K01/210.25 mi790, Tyburn Road, Birmingham, West Midlands B24 9NU3
£187K07/210.26 mi34, Ismere Road, Birmingham, West Midlands B24 9SX3
£220K04/230.26 mi36, Ismere Road, Erdington, Birmingham, West Midlands B24 9SX3
£238K06/210.27 mi450, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NQ3
£220K06/210.28 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£156.5K02/210.3 mi14, Shipley Fields, Birmingham, West Midlands B24 9BW3
£15.8K12/230.3 mi33, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£180K07/210.3 mi27, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£185K05/230.31 mi37, Tonbridge Road, Birmingham, West Midlands B24 8ED3
£176K10/210.31 mi515, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NJ3
£202K05/230.31 mi537, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NJ3
£178.5K03/210.32 mi11, Bracken Road, Birmingham, West Midlands B24 9NL3
£160K12/200.35 mi37, Spring Lane, Birmingham, West Midlands B24 9BP3
£200K02/210.35 mi7a, Spring Lane, Birmingham, West Midlands B24 9BP3
£172.5K11/220.37 mi120, Croydon Road, Erdington, Birmingham, West Midlands B24 8JL3
£210K12/220.37 mi577, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NP3
£215K02/230.37 mi468, Tyburn Road, Birmingham, West Midlands B24 8EE3
£215K10/230.37 mi474, Tyburn Road, Birmingham, West Midlands B24 8EE3
£212K05/230.37 mi460, Tyburn Road, Birmingham, West Midlands B24 8EE3
£190K09/230.38 mi623, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£155K06/210.38 mi607, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£182.5K04/210.38 mi599, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£220K01/230.38 mi631, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£155K11/210.38 mi29, Alleyne Road, Birmingham, West Midlands B24 8EJ3
£215K12/200.39 mi43, Tolworth Hall Road, Birmingham, West Midlands B24 9NE3
£245K02/210.39 mi10, Tolworth Hall Road, Birmingham, West Midlands B24 9NE3
£172K10/200.42 mi26, Alleyne Road, Birmingham, West Midlands B24 8EL3
£210K08/230.42 mi161, Wood End Road, Erdington, Birmingham, West Midlands B24 8BL3
£172.5K09/210.44 mi75, Bracebridge Road, Birmingham, West Midlands B24 8JG3
£220.5K07/230.44 mi32, Quincey Drive, Erdington, Birmingham, West Midlands B24 9LX3
£136.6K02/210.46 mi139, Church Road, Erdington, Birmingham, West Midlands B24 9BG3
£150K01/210.48 mi197, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QX3
£296K01/230.48 mi194, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QY3
£155K05/210.49 mi19, Bracebridge Road, Birmingham, West Midlands B24 8JQ3
£281K12/200.49 mi25, Rollason Road, Birmingham, West Midlands B24 9BJ3
£160K12/200.51 mi209, Wheelwright Road, Birmingham, West Midlands B24 8HR3

Local Rents

12 rents from £995/mo to £3.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£3,35002/240.08 mi-3
£1,20002/250.1 mi-3
£1,20012/240.11 mi-3
£99512/240.11 miTyburn Road, Birmingham3
£1,27503/250.15 mi-3
£1,10003/240.23 mi-3
£1,15004/250.23 mi-3
£1,10012/240.23 miSummerlee Road, Birmingham, B243
£1,20012/240.39 miKingsbury Road, Erdington, BIRMINGHAM3
£1,50009/240.49 mi-3
£1,10012/240.55 miTyburn Road, Erdington3
£1,20004/250.59 mi-3

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

3.99 miles away

Nearest school

0.20 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £185,000

February 18, 2025

Floor Plans

Description

  • Three bedrooms +
  • First floor bathroom +
  • Lounge diner +
  • Kitchen +
  • Central heating & double glazing +
  • Gravelled frontage +
  • Lengthy rear garden +
  • Scope for improvement +
  • Currently tenanted +
  • EPC rating C +

Although presented as a busy tenanted property, this three bedroom terrace with first floor bathroom offers additional existing benefits such as a wider than some first floor area, central heating, double glazing, gravelled frontage, pedestrian tunnel access to a lengthy rear garden over 95 feet/29m, popular location for commuting and access to local schools. Birches Green Primary School 350m/0.2 miles. S S Peter & Paul Catholic Primary School 950m/0.5 miles. Multi-directional commuter routes, major bus connections, shops and amenities within 900m/0.6 miles. M6 Junction 6/A38 (M) Aston Expressway just 2.9KM/1.8 miles by vehicle. Property currently tenanted at £950 per calendar month. Tenant may negotiate to stay or vacant possession would be subject to notice and tenant leaving. Council Tax Band: B. Tenure: Freehold.

Descriptions, floor plans, measurements and photographs of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquiries to ensure that our descriptions, floor plans, measurements and photographs are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection and by your surveyor and conveyancer. Measurements supplied are for general guidance only and as such should be considered as incorrect. Tenure must be confirmed via solicitors. ALL IMAGES ARE PROPERTY OF WALLER & FARNWORTH LTD.

Agent Details

Waller & Farnworth, Birmingham

0121 387 6585

Next Steps?

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