3 Bed Terraced House, Single Let, Birmingham, B24 8EL, £65,000

58 Alleyne Road, Erdington, Birmingham, B24 8EL - 1 views - a month ago

Auction
BTL
ROI: 25%
84 m²

ValuationUndervalued

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

 

 

Square Metres

84 m²
Price/m²£774/m²

Value Estimate

£81,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£850 - £3,350

Rent Estimate

£784

Running Costs/mo

£380

Cashflow/mo

£404

Cashflow/yr

£4,849

ROI

25%

Gross Yield

14%

Local Sold Prices

50 sold prices from £15.8K to £310K, average is £199K. £185/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£155K11/210.03 mi29, Alleyne Road, Birmingham, West Midlands B24 8EJ3
£172K10/200.05 mi26, Alleyne Road, Birmingham, West Midlands B24 8EL3
£155K05/210.11 mi19, Bracebridge Road, Birmingham, West Midlands B24 8JQ3
£172.5K09/210.11 mi75, Bracebridge Road, Birmingham, West Midlands B24 8JG3
£185K05/230.11 mi37, Tonbridge Road, Birmingham, West Midlands B24 8ED3
£15.8K12/230.12 mi33, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£180K07/210.12 mi27, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£215K02/230.12 mi468, Tyburn Road, Birmingham, West Midlands B24 8EE3
£215K10/230.12 mi474, Tyburn Road, Birmingham, West Midlands B24 8EE3
£212K05/230.12 mi460, Tyburn Road, Birmingham, West Midlands B24 8EE3
£160K12/200.14 mi209, Wheelwright Road, Birmingham, West Midlands B24 8HR3
£210K07/210.16 mi2, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£198K10/210.16 mi25, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£225K09/230.16 mi23, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£200K10/200.16 mi162, Wheelwright Road, Birmingham, West Midlands B24 8HB3
£172.5K11/220.17 mi120, Croydon Road, Erdington, Birmingham, West Midlands B24 8JL3
£186K09/210.18 mi398, Tyburn Road, Birmingham, West Midlands B24 8HP3
£140K06/210.19 mi63, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR3
£281K11/210.25 mi33, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£285K05/210.25 mi35, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£260K02/230.26 mi150, Erdington Hall Road, Birmingham, West Midlands B24 8JD3
£220K06/210.27 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£260K07/230.28 mi106, Wheelwright Road, Birmingham, West Midlands B24 8PD3
£160.5K08/210.29 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£223K01/230.3 mi69, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£225K10/200.31 mi77, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£150K01/210.32 mi197, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QX3
£257K01/230.32 mi54, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£235K07/230.33 mi46, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£171K10/200.33 mi28, Ullrik Green, Birmingham, West Midlands B24 8RH3
£296K01/230.34 mi194, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QY3
£86K05/230.34 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3
£290K05/230.36 mi31, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£240K09/200.36 mi33, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£260K06/220.36 mi29, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£267K12/220.36 mi19, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£139K07/210.37 mi14, Bisley Grove, Birmingham, West Midlands B24 9RD3
£175K01/210.38 mi68, Downside Road, Birmingham, West Midlands B24 8PH3
£210K08/230.4 mi161, Wood End Road, Erdington, Birmingham, West Midlands B24 8BL3
£135K09/210.4 mi276, Tyburn Road, Birmingham, West Midlands B24 8LT3
£150K01/210.41 mi181, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£167K03/210.41 mi153, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£175K06/230.42 mi190, Hawkesyard Road, Birmingham, West Midlands B24 8LH3
£192.5K01/230.44 mi71, Round Road, Birmingham, West Midlands B24 9QY3
£217K03/230.47 mi25, St Dominics Road, Birmingham, West Midlands B24 8LL3
£147K03/210.47 mi52, Firtree Road, Birmingham, West Midlands B24 9SH3
£225K11/210.47 mi13, Firtree Road, Birmingham, West Midlands B24 9SH3
£160K02/210.47 mi32, Firtree Road, Birmingham, West Midlands B24 9SH3
£310K11/210.47 mi409, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£202K09/230.47 mi407, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3

Local Rents

14 rents from £850/mo to £3.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.18 miTyburn Road, Erdington3
£1,27502/250.27 mi-3
£99512/240.29 miTyburn Road, Birmingham3
£1,20012/240.3 mi-3
£1,10012/240.33 miAnsell Road, Erdington3
£3,35002/240.46 mi-3
£1,20002/240.47 mi-3
£1,25012/240.47 mi-3
£1,20001/250.48 mi-3
£1,20003/250.61 mi-3
£1,10003/240.62 mi-3
£1,20003/250.62 mi-3
£1,10012/240.62 miSummerlee Road, Birmingham, B243
£85012/240.62 miMinstead Road,Erdington,Birmingham,B243

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

3.66 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £65,000

February 28, 2025

Description

  • Freehold Vacant possession upon completion. +

For Sale By Public Auction on 27 March 2025 starting at 08:30 AM - A vacant freehold mid terraced property

A mid terraced property, standing back from the road behind a foregarden.

Accommodation
Ground Floor: Hall, Reception Room, Kitchen, Bathroom/WC.
First Floor: Landing, Three Bedrooms.
Outside: Gardens.

Energy Performance Rating
See legal pack.

Tenure
Freehold Vacant possession upon completion.

Pre-auction Offers
Please note no offers will be considered prior to the Auction Sale.

Auctioneer's Note
Please note that the completion period for this property is 8 weeks (56 days).

Viewing Times
Viewings will be carried out on a block viewing basis. The times and dates will be available from Thursday 6th March 2025 please revisit our website after this date.

Live-Streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.

Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.

*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. . If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information available on Bond Wolfe’s website), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’ on the Bond Wolfe website, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Bond Wolfe, Auctions

0121 387 6767

Next Steps?

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