3 Bed Terraced House, Single Let, Birmingham, B18 4PL, £160,000

Preston Road, Hockley, West Midlands, B18 4PL - 1 views - 24 days ago

BTL
ROI: 7%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£100K - £260K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£163,078

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£925 - £3,499

Rent Estimate

£1,000

Running Costs/mo

£720

Cashflow/mo

£280

Cashflow/yr

£3,360

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £100K to £260K, average is £145K. £1.1K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£172K03/230.03 mi48, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ3
£134.5K03/210.05 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£134.5K03/210.05 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£135K01/210.06 mi102, Markby Road, Birmingham, West Midlands B18 4PN3
£120K12/200.06 mi44, Willes Road, Birmingham, West Midlands B18 4PY3
£140K10/220.09 mi131, Willes Road, Birmingham, West Midlands B18 4QA3
£105K05/210.09 mi145, Willes Road, Birmingham, West Midlands B18 4QA3
£100K07/210.18 mi31, Beeton Road, Birmingham, West Midlands B18 4QD3
£158.5K05/230.18 mi5, Beeton Road, Birmingham, West Midlands B18 4QD3
£103K10/210.22 mi87, Perrott Street, Birmingham, West Midlands B18 4LZ3
£120K04/210.22 mi73, Perrott Street, Birmingham, West Midlands B18 4LZ3
£130K04/210.25 mi122, Bacchus Road, Birmingham, West Midlands B18 4QR3
£175K01/230.25 mi12, Merryhill Drive, Birmingham, West Midlands B18 5HJ3
£218K09/220.25 mi88, Handsworth New Road, Birmingham, West Midlands B18 4QQ3
£116K10/200.27 mi5, Eva Road, Birmingham, West Midlands B18 4NH3
£145.5K04/230.27 mi32, Eva Road, Birmingham, West Midlands B18 4NQ3
£140K02/230.29 mi135, Nineveh Road, Birmingham, West Midlands B21 0SY3
£242.5K11/220.33 mi55, Reynolds Road, Birmingham, West Midlands B21 0TH3
£260K09/220.33 mi18, Navigation Way, Hockley, Birmingham, West Midlands B18 5RW3
£165K11/200.33 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£165K11/200.33 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£260K06/220.34 mi8, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£195K04/230.34 mi102, Boulton Road, Birmingham, West Midlands B21 0RE3
£132K08/220.35 mi31, Blackford Street, Birmingham, West Midlands B18 4BN3
£180K10/200.36 mi59, Tew Park Road, Birmingham, West Midlands B21 0TP3
£165K03/230.37 mi48, Mary Road, Handsworth, Birmingham, West Midlands B21 0RH3
£163K11/220.39 mi117, Boulton Road, Birmingham, West Midlands B21 0RD3
£145K12/200.39 mi9, Bryant Street, Birmingham, West Midlands B18 4BH3
£140K03/210.39 mi44, Dora Road, Handsworth, Birmingham, West Midlands B21 0RL3
£132K04/210.42 mi25, Grasmere Road, Birmingham, West Midlands B21 0UP3
£138K01/210.45 mi49, Nineveh Road, Birmingham, West Midlands B21 0SU3
£165K08/210.46 mi160, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£150K12/200.46 mi148, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£142K03/210.46 mi166, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£145K05/210.46 mi164, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£142K03/210.46 mi166, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£220K08/220.47 mi5, Haseley Road, Birmingham, West Midlands B21 0QU3
£205K08/220.47 mi1, Haseley Road, Birmingham, West Midlands B21 0QU3
£180K09/210.49 mi65, Holliday Road, Handsworth, Birmingham, West Midlands B21 0UH3
£115K10/200.52 mi49, Alexandra Road, Handsworth, Birmingham, West Midlands B21 0PL3
£132.5K04/210.52 mi16, Babington Road, Birmingham, West Midlands B21 0QE3
£120K10/210.52 mi4, South Road Avenue, Birmingham, West Midlands B18 5JR3
£240K02/220.56 mi144, South Road, Hockley, Birmingham, West Midlands B18 5LE3
£141K11/220.57 mi4, Babington Road, Birmingham, West Midlands B21 0QE3
£129K02/230.57 mi56, Sycamore Road, Handsworth, Birmingham, West Midlands B21 0QL3
£130K02/210.58 mi47, Bellefield Road, Birmingham, West Midlands B18 4EL3
£200K09/220.58 mi219, South Road, Hockley, Birmingham, West Midlands B18 5JP3
£150K01/230.59 mi2, Shireland Brook Gardens, Birmingham, West Midlands B18 4JP3
£200K11/220.59 mi21, Alexandra Avenue, Birmingham, West Midlands B21 0PH3
£185K08/210.6 mi7, Cranmore Avenue, Birmingham, West Midlands B21 0PJ3

Local Rents

25 rents from £925/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25003/240.01 mi-3
£1,35012/240.01 mi-3
£1,10003/250.01 mi-3
£1,05002/250.03 mi-3
£95012/240.07 mi-3
£1,50003/250.08 mi-3
£1,35003/240.15 mi-3
£1,35012/240.15 mi-3
£1,35002/250.15 mi-3
£1,15002/240.24 mi-3
£92512/240.39 miDevonshire Street, BIRMINGHAM3
£1,02502/250.42 mi-3
£1,45012/240.42 miAnchor Crescent, Hockley, Birmingham, B18 5SL3
£1,35012/240.43 miAnchor Crescent, Hockley, BIRMINGHAM3
£1,95002/250.45 mi-3
£3,49912/240.45 mi-3
£1,40004/250.47 mi-3
£1,00002/240.48 mi-3
£1,00003/240.48 mi-3
£1,00003/240.48 mi-3
£1,29902/240.48 mi-3
£1,19904/250.48 mi-3
£1,20002/240.5 mi-3
£1,10002/250.5 mi-3
£1,40001/250.55 mi-3

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

3.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £160,000

March 19, 2025

Description

  • Central Heating +
  • Shops and amenities nearby +
  • Fitted Kitchen +
  • Double glazing +
  • Close to public transport +
  • Garden +

Virdee Estates are proud to present For Sale this 3 bedroom midterrace property. Comprising of having a, through lounge, fitted kitchen and ground floor bathroom. Further benefiting from having gas central heating, double glazing and a rear garden. Offered Freehold. EPC Rating: TBC

Approach
The property is set back from the main road, having waist level wall and steps leading up to the main entrance. UPVC door leading to;

Through Lounge
7.35m x 3.55m
Having a ceiling light point, fitted carpet, two panelled radiators, upvc door leading to the veranda and double glazed window to the front elevation.

Fitted Kitchen
2.78m x 2.05m
Having a range of fitted wall and base units with worktop over and stainless steel sink with mixer tap. Vinyl flooring, panelled radiator, door leading to downstairs bathroom and to the veranda.

Veranda
Having a ceiling light point, panelled radiator, tiled flooring and door leading to garden

Ground Bathroom
1.77m x 1.83m
Having a suite comprising of a bath tub with overhead shower, hand wash basin and w.c. Vinyl flooring, light point to ceiling, panelled radiator and a double glazed obscure window to the side elevation.

Stairs from reception leading too;
First Floor

Landing
Having a ceiling light point, fitted carpet, fitted boiler and doors leading too:-

Bedroom
3.49m x 3.31m
Having a ceiling light point, panelled radiator, fitted carpet and a double glazed window to the front elevation.

Bedroom
2.70m x 2.09m
Having a ceiling light point, panelled radiator, fitted carpet and a double glazed window to the front elevation.

Bedroom
3.73m x 2.52m
Having a ceiling light point, panelled radiator, fitted carpet and a double glazed window to the rear elevation.

Rear Garden
Having slab paving, wooden fenced perimeter, wooden door to side access alleyway leading to the front of the property.

General Information

Tenure
The property is Freehold.

The Agent has not checked the legal documents to verify the Freehold status of the property.

The buyer is advised to obtain verification from their Solicitor or Surveyor.

Services
All mains’ services are understood to be available and connected.

Fixtures and Fittings
All fixtures and fittings mentioned in these particulars of sale are included in the asking price. All others are specifically excluded, but some items may be available by separate negotiation.

THINKING OF SELLING OR LETTING YOUR HOME?
Virdee Estates would be delighted to carry out a FREE market appraisal of your property.
CALL NOW ON

Agent Details

Virdee Estates, Birmingham

0121 387 6414

Next Steps?

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