3 Bed Terraced House, Single Let, Birmingham, B34 7BX, £220,000

Old Croft Lane, Shard End, B34 7BX - 3 views - 2 months ago

BTL
ROI: 4%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£145K - £365K
Sold Prices/m²£1.2K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£203,438

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£8,100

Total Cash In

£63,100

 

 

Cash Out

 

Rent Range

£1,100 - £3,000

Rent Estimate

£1,200

Running Costs/mo

£948

Cashflow/mo

£253

Cashflow/yr

£3,030

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £145K to £365K, average is £210K. £1.2K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£210K05/230 mi166, Old Croft Lane, Birmingham, West Midlands B34 7BX3
£190K06/210.05 mi29, Glascote Grove, Birmingham, West Midlands B34 6SD3
£265K09/220.11 mi3, Thistledown Road, Birmingham, West Midlands B34 7EG3
£225K04/210.15 mi164, Brownfield Road, Birmingham, West Midlands B34 7DX3
£195K09/210.18 mi3, Fennel Croft, Birmingham, West Midlands B34 6SR3
£230K11/230.19 mi221, Brownfield Road, Birmingham, West Midlands B34 7EB3
£311K12/200.22 mi232, Bradford Road, Birmingham, West Midlands B36 9AA3
£270K10/220.22 mi104, Timberley Lane, Birmingham, West Midlands B34 7EN3
£365K06/210.23 mi221, Bradford Road, Birmingham, West Midlands B36 9AG3
£200K02/210.23 mi76, Thistledown Road, Birmingham, West Midlands B34 7EF3
£175K12/200.23 mi72, Thistledown Road, Birmingham, West Midlands B34 7EF3
£174K11/200.26 mi21, Little Heath Croft, Birmingham, West Midlands B34 6QA3
£182.5K07/230.27 mi7, Ankermoor Close, Birmingham, West Midlands B34 6TF3
£180K06/210.27 mi33, Bradley Road, Birmingham, West Midlands B34 7RL3
£190K01/210.27 mi25, Bradley Road, Birmingham, West Midlands B34 7RL3
£210K07/210.27 mi434, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£210K07/210.27 mi434, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£158.5K10/200.27 mi390, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£230K02/230.27 mi372, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£210K07/210.27 mi434, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£180K06/210.27 mi404, Shard End Crescent, Birmingham, West Midlands B34 7RG3
£184K04/210.28 mi19, The Timber Way, Birmingham, West Midlands B34 7AS3
£295K09/210.28 mi34, Clayton Drive, Castle Bromwich, Birmingham, West Midlands B36 0AN3
£290K04/210.28 mi42, Clayton Drive, Castle Bromwich, Birmingham, West Midlands B36 0AN3
£165K09/210.29 mi30, Cat Lane, Birmingham, West Midlands B34 6PY3
£291K10/220.29 mi227, Shard End Crescent, Birmingham, West Midlands B34 7RE3
£176K10/200.29 mi179, Shard End Crescent, Birmingham, West Midlands B34 7RE3
£145K04/210.3 mi416, Heath Way, Birmingham, West Midlands B34 6QB3
£165K02/210.3 mi408, Heath Way, Birmingham, West Midlands B34 6QB3
£164K11/220.3 mi78, Coneyford Road, Birmingham, West Midlands B34 7AX3
£305K06/210.32 mi120, Chester Road, Castle Bromwich, Birmingham, West Midlands B36 0AG3
£170K07/210.32 mi29, Appledorne Gardens, Birmingham, West Midlands B34 6TN3
£340K04/220.33 mi124, Chester Road, Castle Bromwich, Birmingham, West Midlands B36 0AG3
£167K03/210.34 mi11, Lingfield Gardens, Birmingham, West Midlands B34 6TQ3
£226K10/210.34 mi27, Coneyford Road, Birmingham, West Midlands B34 7AY3
£255K10/210.34 mi49, Coneyford Road, Birmingham, West Midlands B34 7AY3
£210K09/230.34 mi59, Coneyford Road, Birmingham, West Midlands B34 7AY3
£248.5K02/230.35 mi92, Brownfield Road, Birmingham, West Midlands B34 7HX3
£164K02/210.37 mi94, Shard End Crescent, Birmingham, West Midlands B34 7AD3
£267.5K03/210.38 mi82, Woodford Avenue, Birmingham, West Midlands B36 9AU3
£230K08/230.38 mi72, Brook Meadow Road, Birmingham, West Midlands B34 6QP3
£207K04/230.38 mi66, Bradley Road, Birmingham, West Midlands B34 7RJ3
£280K02/210.4 mi28, Ringmere Avenue, Birmingham, West Midlands B36 9AT3
£331.5K01/210.4 mi9, Ringmere Avenue, Birmingham, West Midlands B36 9AT3
£280K04/230.4 mi25, Ringmere Avenue, Birmingham, West Midlands B36 9AT3
£202K08/210.4 mi210, Packington Avenue, Birmingham, West Midlands B34 7RH3
£212K07/230.4 mi234, Packington Avenue, Birmingham, West Midlands B34 7RH3
£302K11/220.4 mi32, Ringmere Avenue, Birmingham, West Midlands B36 9AT3
£210K02/230.4 mi25, Princethorpe Close, Birmingham, West Midlands B34 7JG3
£166K01/230.42 mi15, Gorsefield Road, Birmingham, West Midlands B34 7AN3

Local Rents

20 rents from £1.1K/mo to £3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.22 miTimberley Lane, Shard End, Birmingham3
£1,55010/230.25 mi-3
£1,15012/240.34 miSchoolacre Road, BIRMINGHAM3
£1,10004/250.35 mi-3
£1,30012/240.35 mi-3
£1,30012/240.35 mi-3
£1,30002/250.35 mi-3
£1,30004/250.35 mi-3
£1,20012/240.37 miShard End Crescent, BIRMINGHAM3
£3,00001/240.38 mi-3
£3,00001/240.38 mi-3
£3,00001/240.38 mi-3
£3,00012/240.38 mi-3
£3,00001/250.38 mi-3
£3,00004/250.38 mi-3
£1,50003/250.39 mi-3
£1,50004/250.43 mi-3
£1,25012/240.52 miBrownfield Road, BIRMINGHAM3
£1,50012/240.52 mi-3
£1,45011/240.61 mi-3

Local Area Statistics

Population in B34

18,941

Population in Birmingham

1,034,821

Town centre distance

4.91 miles away

Nearest school

0.10 miles away

Nearest train station

1.36 miles away

 

 

Rental growth (12m)

+31%

Sales demand

Balanced market

Capital growth (5yrs)

+27%

Property History

Price changed to £220,000

March 20, 2025

Listed for £230,000

February 19, 2025

Floor Plans

Description

  • THREE BEDROOM MID TERRACE +
  • IDEAL INVESTMENT +
  • IDEAL FIRST TIME BUYER HOME +
  • DOWNSTAIRS WC +
  • BREAKFAST KITCHEN +
  • DINING AREA +
  • SHOWER ROOM +
  • PRIVATE REAR GARDEN +

*DRAFT DETAILS AWAITING VENDOR APPROVAL

Are you looking for a new project as a first time buyer or investor, offering this three bedroom mid terraced home on the desirable Old Croft Lane in Shard End, the property is of a spacious nature and benefits from lounge, dining, breakfast kitchen, downstairs WC, ample storage, three bedrooms, family shower room and private rear garden. Situated within 0.2 mile from local shops, amenities and transport links. Call Green and Company to arrange your viewing. 

FRONT Artificial lawn, shrubbery boundary with steps down to:- 

PORCH Accessed through patio door into:- 

HALL With radiator, stairs to first floor, utilities cupboard and doors to lounge and kitchen. 

LOUNGE 11' 0" x 13' 6" (3.35m x 4.11m) With bay window to front, blinds, electric fire, brick surround and radiator. 

KITCHEN 8' 6" x 11' 10" (2.59m x 3.61m) With breakfast bar, integrated dishwasher, electric hob, oven, extractor, space for cooker, selection of wall and base units, pantry cupboard, window to rear, blinds, door to rear and opening to:- 

DINING AREA 9' 7" x 9' 7" (2.92m x 2.92m) With window to rear, blinds, radiator and glass hatch. 

INNER HALLWAY Off kitchen used as utility area with door to store and WC. 

BEDROOM ONE 10' 3" x 15' 0" (3.12m x 4.57m) Having window to rear, blinds and radiator. 

BEDROOM TWO 10' 9" x 12' 10" (3.28m x 3.91m) With window to front, blinds and radiator. 

BEDROOM THREE 7' 7" x 8' 6" (2.31m x 2.59m) With window to front, blinds and boiler cupboard. 

SHOWER ROOM With converted bath to shower tray, mixer shower, shower screen, vanity sink, back to wall WC, window to rear. 

GARDEN Has block paved patio area, paved patio, lawn with a selection of trees and shrubbery, also benefits from outdoor store. 

Council Tax Band B Birmingham City Council

Predicted mobile phone coverage and broadband services at the property.
Mobile coverage - voice likely available for EE, O2, Vodafone, limited for Three, and data likely available for EE, O2, Vodafone, limited for Three
Broadband coverage - Broadband Type = Standard Highest available download speed 17Mbps. Highest available upload speed 1Mbps.
Broadband Type = Superfast Highest available download speed 80Mbps. Highest available upload speed 20Mbps.
Broadband Type = Ultrafast Highest available download speed 1800Mbps. Highest available upload speed 220Mbps.

The mobile and broadband information above has been obtained from the Mobile and Broadband checker - Ofcom website.

Sellers are asked to complete a Property Information Questionnaire for the benefit of buyers. This questionnaire provides further information and declares any material facts that may affect your decision to view or purchase the property. This document will be available on request.

Looking to make an offer? We are committed to finding the right buyer for the right property and try to do everything we can from the outset to ensure the sales we agree, subject to contract, will proceed to completion of contracts within a fair time frame that meets all parties' expectations. At one point during the offer negotiations, one of our branch-based mortgage advisers will call to financially qualify your offer. We recommend that you take this advice before making an offer.

BUYERS COMPLIANCE ADMINISTRATION FEE: in accordance with the Money Laundering Regulations 2007, Estate Agents are required to carry out due diligence on all clients to confirm their identity, including eventual buyers of a property. Green and Company use an electronic verification system to verify Clients' identity. This is not a credit check, so it will have no effect on credit history. By placing an offer on a property, you agree (all buyers) that if the offer is accepted, subject to contract, we, as Agents for the seller, can complete this check for a fee of £25 plus VAT (£30 inc VAT), which is non-refundable under any circumstance. A record of the search will be retained securely by Green and Company within the electronic property file of the relevant property.

FIXTURES AND FITTINGS as per sales particulars.

TENURE
The Agent understands that the property is freehold. However we are still awaiting confirmation from the vendors Solicitors and would advise all interested parties to obtain verification through their Solicitor or Surveyor.

GREEN AND COMPANY has not tested any apparatus, equipment, fixture or services and so cannot verify they are in working order, or fit for their purpose. The buyer is strongly advised to obtain verification from their Solicitor or Surveyor. Please note that all measurements are approximate.

If you require the full EPC certificate direct to your email address please contact the sales branch marketing this property and they will email the EPC certificate to you in a PDF format

*Please note that on occasion the EPC may not be available due to reasons beyond our control, the Regulations state that the EPC must be presented within 21 days of initial marketing of the property. Therefore we recommend that you regularly monitor our website or email us for updates. Please feel free to relay this to your Solicitor or License Conveyor.

WANT TO SELL YOUR OWN PROPERTY?
CONTACT YOUR LOCAL GREEN & COMPANY BRANCH ON

Agent Details

Green & Company, Castle Bromwich

0121 387 6556

Next Steps?

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