3 Bed Terraced House, Single Let, Birmingham, B24 8HT, £190,000

Croydon Road, Erdington, B24 8HT - 8 days ago

BTL
ROI: 4%
~93 m²
+9 photos

ValuationFair Value

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

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£850 - £3,350

Rent Estimate

£1,008

Running Costs/mo

£815

Cashflow/mo

£193

Cashflow/yr

£2,312

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £15.8K to £310K, average is £195.3K. £185/m² to £3.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£172K10/200.04 mi26, Alleyne Road, Birmingham, West Midlands B24 8EL3
£155K05/210.05 mi19, Bracebridge Road, Birmingham, West Midlands B24 8JQ3
£160K12/200.07 mi209, Wheelwright Road, Birmingham, West Midlands B24 8HR3
£155K11/210.07 mi29, Alleyne Road, Birmingham, West Midlands B24 8EJ3
£200K10/200.1 mi162, Wheelwright Road, Birmingham, West Midlands B24 8HB3
£186K09/210.11 mi398, Tyburn Road, Birmingham, West Midlands B24 8HP3
£210K07/210.12 mi2, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£198K10/210.12 mi25, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£225K09/230.12 mi23, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£172.5K09/210.12 mi75, Bracebridge Road, Birmingham, West Midlands B24 8JG3
£215K02/230.14 mi468, Tyburn Road, Birmingham, West Midlands B24 8EE3
£215K10/230.14 mi474, Tyburn Road, Birmingham, West Midlands B24 8EE3
£212K05/230.14 mi460, Tyburn Road, Birmingham, West Midlands B24 8EE3
£185K05/230.16 mi37, Tonbridge Road, Birmingham, West Midlands B24 8ED3
£15.8K12/230.18 mi33, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£180K07/210.18 mi27, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£172.5K11/220.21 mi120, Croydon Road, Erdington, Birmingham, West Midlands B24 8JL3
£281K11/210.22 mi33, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£285K05/210.23 mi35, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£260K07/230.25 mi106, Wheelwright Road, Birmingham, West Midlands B24 8PD3
£260K02/230.26 mi150, Erdington Hall Road, Birmingham, West Midlands B24 8JD3
£140K06/210.26 mi63, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR3
£223K01/230.26 mi69, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£225K10/200.26 mi77, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£257K01/230.27 mi54, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£235K07/230.27 mi46, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£175K01/210.32 mi68, Downside Road, Birmingham, West Midlands B24 8PH3
£220K06/210.33 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£135K09/210.34 mi276, Tyburn Road, Birmingham, West Midlands B24 8LT3
£171K10/200.34 mi28, Ullrik Green, Birmingham, West Midlands B24 8RH3
£150K01/210.34 mi197, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QX3
£290K05/230.35 mi31, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£260K06/220.35 mi29, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£267K12/220.35 mi19, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£160.5K08/210.36 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£150K01/210.36 mi181, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£167K03/210.36 mi153, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£175K06/230.37 mi190, Hawkesyard Road, Birmingham, West Midlands B24 8LH3
£296K01/230.37 mi194, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QY3
£217K03/230.41 mi25, St Dominics Road, Birmingham, West Midlands B24 8LL3
£86K05/230.41 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3
£139K07/210.44 mi14, Bisley Grove, Birmingham, West Midlands B24 9RD3
£210K08/230.45 mi161, Wood End Road, Erdington, Birmingham, West Midlands B24 8BL3
£100K04/230.48 mi96, Hawkesyard Road, Birmingham, West Midlands B24 8LF3
£177K04/230.49 mi71, Hawkesyard Road, Birmingham, West Midlands B24 8LP3
£192.5K01/230.51 mi71, Round Road, Birmingham, West Midlands B24 9QY3
£210K01/230.52 mi111, Wood End Road, Erdington, Birmingham, West Midlands B24 8BH3
£310K11/210.54 mi409, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£202K09/230.54 mi407, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£160K02/210.54 mi32, Firtree Road, Birmingham, West Midlands B24 9SH3

Local Rents

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

RentDateDistanceAddressBeds 
£1,10012/240.11 miTyburn Road, Erdington3
£1,10012/240.27 miAnsell Road, Erdington3
£1,27502/250.34 mi-3
£99512/240.36 miTyburn Road, Birmingham3
£1,20012/240.36 mi-3
£1,20002/240.42 mi-3
£1,25012/240.42 mi-3
£3,35002/240.53 mi-3
£1,20001/250.55 mi-3
£85012/240.56 miMinstead Road,Erdington,Birmingham,B243

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

3.60 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £190,000

March 26, 2025

Floor Plans

Description

  • LOUNGE AND DINING ROOM +
  • FITTED KITCHEN +
  • THREE BEDROOMS*FIRST FLOOR BATHROOM +
  • GOOD SIZED REAR GARDEN +
  • NO UPWARD CHAIN +
  • IDEAL FIRST TIME BUYER/INVESTMENT PROPERTY +

*DRAFT SALES DETAILS AWAITING VENDOR APPROVAL*****  

*DRAFT SALES DETAILS AWAITING VENDOR APPROVAL*****  

A mid terraced property ideally suited to a first time buyer or buy to let investor, benefiting from no upward chain. The property is conveniently located for easy access to Birmingham City Centre, including spaghetti junction, with its various motorway links. Comprising of reception hallway, lounge, dining room, fitted kitchen, three bedrooms, bathroom with shower room, good sized rear garden and front garden. In more detail the accommodation comprises of: 

RECEPTION HALLWAY Having obscure double glazed entrance door, obscure double glazed window to side, meter cupboard, radiator, stairs off to first floor, door to useful under stairs storage cupboard, doors off to: 

DINING ROOM 10' 07" x 9' 09" (3.23m x 2.97m) Having double glazed window to front, radiator, gas meter cupboard and laminate flooring. 

LOUNGE 14' 01" x 11' 01" (4.29m x 3.38m) Tiled fireplace with hearth, radiator and double glazed window to rear. 

FITTED KITCHEN 15' 06" x 6' 04" (4.72m x 1.93m) Fitted with a range of base and wall units with contrasting rolled worktop surfaces over, incorporating one and half bowl sink unit with mixer tap, integrated four ring gas hob with electric oven, space for washing machine and further appliances, complementary splashback surrounds, radiator, breakfast bar, double glazed window overlooking the rear and a door to the side providing rear access. 

LANDING Access to loft, doors off to bedrooms and bathroom. 

BEDROOM ONE 14' 01" x 9' 01" (4.29m x 2.77m) Double glazed window to front, radiator and a full range of built in wardrobes to one wall. 

BEDROOM TWO 11' 00" x 10' 07" (3.35m x 3.23m) Double glazed window to rear, cupboard housing gas fired Worcester Bosch boiler, radiator. 

BEDROOM THREE 9' 11" x 06' 04" (3.02m x 1.93m) Double glazed window to front, radiator. 

BATHROOM Having a white suite, comprising of a panelled bath with electric shower over, shaped pedestal wash hand basin, low flush WC, part tiled walls, radiator and obscure double glazed window to the rear. 

OUTSIDE To the rear there is a good sized garden laid mainly to lawn with a patio area. To the front there is a fore garden with pathway leading to main accommodation. 

Council Tax Band A Birmingham City Council

Predicted mobile phone coverage and broadband services at the property.
Mobile coverage - voice likely availability for Three, O2 & Vodafone limited availability for EE and data likely availability for Three & Vodafone limited availability for EE & O2
Broadband coverage -
Broadband Type = Standard Highest available download speed 8 Mbps. Highest available upload speed 0.9 Mbps.
Broadband Type = Superfast Highest available download speed 104 Mbps. Highest available upload speed 20 Mbps.
Broadband Type = Ultrafast Highest available download speed 1000 Mbps. Highest available upload speed 100 Mbps.

Networks in your area:- Openreach & Virgin Media

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.
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Agent Details

Green & Company, Walmley

0121 387 6557

Next Steps?

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