3 Bed Terraced House, Single Let, Birmingham, B17 8JN, £199,950

Selsey Road, Edgbaston, West Midlands, B17 8JN - 1 views - 2 months ago

Sold STC
BTL
ROI: 3%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£50K - £400K
Sold Prices/m²£680/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£190,180

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£49,988

Stamp Duty & Legal Fees

£11,198

Total Cash In

£61,185

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£994

Running Costs/mo

£844

Cashflow/mo

£150

Cashflow/yr

£1,804

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £50K to £400K, average is £181.5K. £680/m² to £4.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£176K12/220.08 mi146, Selsey Road, Birmingham, West Midlands B17 8JT3
£135K11/210.09 mi49, Gilbert Road, Smethwick, West Midlands B66 4PY3
£120K02/210.09 mi152, Sycamore Road, Smethwick, West Midlands B66 4NS3
£182K01/230.09 mi139, Sycamore Road, Smethwick, West Midlands B66 4NS3
£166K11/200.1 mi86, Westbury Road, Birmingham, West Midlands B17 8JH3
£190K03/230.14 mi267, Portland Road, Edgbaston, Birmingham, West Midlands B17 8LU3
£180K10/220.17 mi51, Edith Road, Smethwick, West Midlands B66 4QX3
£120K09/210.18 mi96, Edith Road, Smethwick, West Midlands B66 4QY3
£196K08/230.18 mi94, Edith Road, Smethwick, West Midlands B66 4QY3
£145K11/210.2 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£121.5K02/210.2 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£265K05/210.22 mi187, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HJ3
£177.5K08/220.25 mi90, Marlborough Road, Smethwick, West Midlands B66 4DW3
£215K01/210.25 mi158, Waterloo Road, Smethwick, West Midlands B66 4NE3
£180K03/210.25 mi117, Ridgeway, Edgbaston, Birmingham, West Midlands B17 8JD3
£355K12/220.25 mi30, George Dixon Road, Birmingham, West Midlands B17 8LQ3
£165K08/230.27 mi43, Capethorn Road, Smethwick, West Midlands B66 4LY3
£120K12/200.28 mi25, Laundry Road, Smethwick, West Midlands B66 4PR3
£250K11/210.28 mi58, Grange Road, Smethwick, West Midlands B66 4NQ3
£160K12/200.28 mi178, Merrivale Road, Smethwick, West Midlands B66 4EA3
£190K10/220.28 mi188, Merrivale Road, Smethwick, West Midlands B66 4EA3
£268K10/230.29 mi56, Grange Road, Smethwick, West Midlands B66 4NQ3
£165K02/230.29 mi4, Oliver Road, Smethwick, West Midlands B66 4PL3
£50K05/230.29 mi24, Oliver Road, Smethwick, West Midlands B66 4PL3
£360K07/220.29 mi2, Deers Way, Birmingham, West Midlands B16 0QQ3
£168K10/230.31 mi114, Montague Road, Smethwick, West Midlands B66 4PW3
£222K03/210.32 mi237, Bearwood Road, Smethwick, West Midlands B66 4NA3
£233K05/210.32 mi27, Brook Way, Birmingham, West Midlands B16 0QR3
£276K12/220.33 mi23, Devey Road, Smethwick, West Midlands B66 4ST3
£400K06/210.35 mi3, Bernard Road, Birmingham, West Midlands B17 8LP3
£252K12/200.35 mi21, Bernard Road, Birmingham, West Midlands B17 8LP3
£277K01/210.35 mi17, Bernard Road, Birmingham, West Midlands B17 8LP3
£240K06/210.35 mi78, Barley Road, Birmingham, West Midlands B16 0QE3
£236K12/210.36 mi42, Crown Street, Smethwick, West Midlands B66 4SP3
£260K12/220.36 mi44, Wadhurst Road, Birmingham, West Midlands B17 8JE3
£310K06/230.37 mi17, Wadhurst Road, Birmingham, West Midlands B17 8JF3
£315K03/210.37 mi19, Wadhurst Road, Birmingham, West Midlands B17 8JF3
£118K07/210.38 mi72, Salisbury Road, Smethwick, West Midlands B66 3RX3
£145K04/210.38 mi105, Salisbury Road, Smethwick, West Midlands B66 3RX3
£135K12/200.39 mi91, Windmill Lane, Smethwick, West Midlands B66 3EW3
£149K08/210.39 mi51, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£182K06/230.39 mi62, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£168K02/230.39 mi33, Vince Street, Smethwick, West Midlands B66 4JD3
£181K08/210.4 mi12, Wellington Road, Smethwick, West Midlands B67 6EX3
£112.5K07/210.4 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£112.5K07/210.4 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£150K03/210.4 mi9, Salisbury Road, Smethwick, West Midlands B66 3RU3
£245K11/230.4 mi2, Kelvin Drive, Smethwick, West Midlands B66 4SU3
£292K06/210.4 mi3, Antler Way, Birmingham, West Midlands B16 0PX3
£220K04/210.43 mi18, Burn Close, Smethwick, West Midlands B66 4JE3

Local Rents

27 rents from £800/mo to £4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05012/240.1 miWestbury Road, Edgbaston, B17 8JH3
£1,15012/240.12 miPortland Road, BIRMINGHAM3
£1,15012/240.12 miPortland Road, Edgbaston3
£1,10012/240.21 mi-3
£1,35012/240.25 miAvery Avenue, Edgbaston, Birmingham, B163
£1,59502/250.26 mi-3
£1,10012/240.29 miOliver Road, Cape Hill3
£1,17503/250.34 mi-3
£1,29512/240.36 miCrown Street, Smethwick3
£1,00003/250.37 mi-3
£1,00004/250.37 mi-3
£1,75004/250.38 mi-3
£1,45004/250.4 mi-3
£99002/240.42 mi-3
£1,00004/250.42 mi-3
£4,00004/250.43 mi-3
£1,35001/250.44 mi-3
£1,35004/250.44 mi-3
£1,15011/240.44 mi-3
£80012/240.47 miScribbans Close, Smethwick, West Midlands3
£1,50003/250.51 mi-3
£1,20012/240.51 mismethwick, B663
£3,00003/240.52 mi-3
£1,19512/240.54 miReginald Road, Smethwick3
£99512/240.55 miSandon Road, Edgbaston, Birmingham, B17 8DT3
£1,10012/240.57 miRosefield Road, Smethwick3
£1,20002/250.6 mi-3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.61 miles away

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £199,950

March 8, 2025

Floor Plans

Description

THIS TRADITIONAL MID TERRACE PROPERTY IS OFFERED WITH NO UPWARD CHAIN and provides an excellent first time buyers purchase. Includes three bedrooms, two reception rooms, modern style kitchen, downstairs bathroom and a low maintenance rear garden. EPC Rating: C. Council Tax Band: A.

Location

Buying a house is all about the location and this home acquires an excellent spot. Perfect for enjoying the convenience and atmosphere associated with city living, the Hagley Road offers a direct route into the City Centre and lies just 1 mile from the property- ideal for commuters.

However, being situated outside of the city, the location is ideal for families. Amenities such as shopping, banks and cafés are conveniently located on Bearwood Road, just 1.1 miles from the property.

Edgbaston itself is home to the popular reservoir, Botanical Gardens, Cannon Hill Park and Warwickshire County Cricket.

The neighbouring town of Harborne boasts high street shopping, local parks as well as a variety of eateries and entertainment venues. The Harborne High Street can be accessed within just 2.3 miles of the property.

The picturesque Lightwoods Park and Warley Woods can also be accessed within 1.8 miles of the property.

Summary

* Traditional mid terrace property

* Two reception rooms; front living room with bay window and both with exposed floorboards

* Modern kitchen with integral appliances to include oven and induction hob

* Well appointed downstairs bathroom

* Three bedrooms

* Low maintenance rear garden

* Ideal for first time buyers and investors

* No upward chain

General Information

TENURE: The agents understand that the property is Freehold.

SERVICES: Central heating to radiators is provided by a Worcester combi boiler located in the kitchen.

Agent Details

Oulsnam, Hagley Road

0121 387 6394

Next Steps?

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