3 Bed Terraced House, Single Let, Smethwick, B66 4AN, £220,000

Poplar Road, Smethwick, West Midlands, B66 4AN - 3 views - a year ago

Sold STC

BTL

ROI: 3%

~93 m²

+9 photos

ValuationUndervalued

Sold Prices	£157.5K - £400K
Sold Prices/m²	£1.7K/m² - £4.4K/m²

Square Metres	~93 m²
Price/m²	£2.4K/m²
Value Estimate	£240,369£240,369
BMV	9%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£850 - £3,000£850 - £3,000
Rent Estimate	£1,063
Running Costs/mo	£920£920
Cashflow/mo	£143£143
Cashflow/yr	£1,715£1,715
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £157.5K to £400K, average is £262.5K. £1.7K/m² to £4.4K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£235K	12/22	0.08 mi	31, Poplar Road, Smethwick, West Midlands B66 4AW	£2,026	116	3	Semi-Detached House
£210K	08/21	0.08 mi	99, Poplar Road, Smethwick, West Midlands B66 4AW	-	-	3	Terraced House
£329K	06/21	0.13 mi	43, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HP	£2,697	122	3	Semi-Detached House
£380K	09/22	0.14 mi	52, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HD	£4,318	88	3	Detached House
£275K	07/21	0.14 mi	13, St Marys Road, Bearwood, Smethwick, West Midlands B67 5DG	-	-	3	Terraced House
£298.3K	03/23	0.14 mi	11, St Marys Road, Bearwood, Smethwick, West Midlands B67 5DG	£2,597	115	3	Semi-Detached House
£243.5K	12/22	0.18 mi	37, Herbert Road, Smethwick, West Midlands B67 5DD	-	-	3	Terraced House
£291K	11/22	0.18 mi	61, Lightwoods Road, Smethwick, West Midlands B67 5BD	£2,553	114	3	Terraced House
£325K	05/23	0.19 mi	21, Herbert Road, Smethwick, West Midlands B67 5DD	£3,009	108	3	Terraced House
£247K	07/21	0.19 mi	18, Herbert Road, Smethwick, West Midlands B67 5DD	-	-	3	Terraced House
£308K	10/20	0.19 mi	32, Herbert Road, Smethwick, West Midlands B67 5DD	£2,800	110	3	Terraced House
£270K	05/21	0.19 mi	17, Herbert Road, Smethwick, West Midlands B67 5DD	£2,547	106	3	Terraced House
£308.5K	07/23	0.19 mi	31, Herbert Road, Smethwick, West Midlands B67 5DD	-	-	3	Terraced House
£221K	09/22	0.2 mi	32, Merrivale Road, Smethwick, West Midlands B66 4EJ	£4,420	50	3	Terraced House
£235K	05/21	0.2 mi	193, Lightwoods Road, Smethwick, West Midlands B67 5AZ	£2,838	83	3	Terraced House
£255K	10/23	0.2 mi	155, Lightwoods Road, Smethwick, West Midlands B67 5AZ	£2,237	114	3	Terraced House
£289.9K	03/21	0.2 mi	162, Lightwoods Road, Smethwick, West Midlands B67 5AZ	£2,396	121	3	Semi-Detached House
£242.5K	11/21	0.21 mi	123, Lightwoods Road, Smethwick, West Midlands B67 5BE	-	-	3	Terraced House
£163K	11/20	0.23 mi	19, Belmont Road, Smethwick, West Midlands B66 4EL	£1,852	88	3	Terraced House
£285K	06/21	0.24 mi	54, Milcote Road, Smethwick, West Midlands B67 5BQ	£3,067	93	3	Terraced House
£280K	02/21	0.24 mi	50, Milcote Road, Smethwick, West Midlands B67 5BQ	£2,819	99	3	Terraced House
£235K	02/21	0.24 mi	156, Milcote Road, Smethwick, West Midlands B67 5BW	£2,701	87	3	Terraced House
£237.5K	08/23	0.28 mi	80, Milcote Road, Smethwick, West Midlands B67 5BG	-	-	3	Terraced House
£292.9K	06/21	0.28 mi	73, Milcote Road, Smethwick, West Midlands B67 5BG	£2,785	105	3	Terraced House
£293K	03/21	0.28 mi	88, Milcote Road, Smethwick, West Midlands B67 5BG	£2,817	104	3	Terraced House
£179.9K	11/21	0.28 mi	6, Ethel Street, Bearwood, Smethwick, West Midlands B67 5AL	£1,977	91	3	Semi-Detached House
£162K	09/21	0.3 mi	9, Weston Road, Bearwood, Smethwick, West Midlands B67 5HH	£1,743	93	3	Terraced House
£275K	07/23	0.3 mi	1, Weston Road, Bearwood, Smethwick, West Midlands B67 5HH	£2,842	97	3	Terraced House
£310K	06/23	0.31 mi	17, Wadhurst Road, Birmingham, West Midlands B17 8JF	-	-	3	Terraced House
£315K	03/21	0.31 mi	19, Wadhurst Road, Birmingham, West Midlands B17 8JF	£3,247	97	3	Semi-Detached House
£181.5K	04/21	0.33 mi	146, Wigorn Road, Smethwick, West Midlands B67 5HL	£2,039	89	3	Semi-Detached House
£275K	06/23	0.33 mi	49, Bishopton Road, Smethwick, West Midlands B67 5DU	£2,595	106	3	Terraced House
£230.5K	09/23	0.33 mi	20, Rawlings Road, Smethwick, West Midlands B67 5AA	£2,881	80	3	Terraced House
£157.5K	12/20	0.34 mi	115, Wigorn Road, Smethwick, West Midlands B67 5HF	£1,921	82	3	Terraced House
£190K	08/23	0.34 mi	15, Rawlings Road, Smethwick, West Midlands B67 5AD	£2,000	95	3	Terraced House
£260K	12/22	0.35 mi	44, Wadhurst Road, Birmingham, West Midlands B17 8JE	-	-	3	Semi-Detached House
£210K	01/23	0.35 mi	109, Rawlings Road, Smethwick, West Midlands B67 5AD	-	-	3	Terraced House
£160K	12/20	0.35 mi	178, Merrivale Road, Smethwick, West Midlands B66 4EA	£1,975	81	3	Terraced House
£190K	10/22	0.35 mi	188, Merrivale Road, Smethwick, West Midlands B66 4EA	£2,407	79	3	Terraced House
£265K	05/21	0.37 mi	187, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HJ	£1,878	141	3	Semi-Detached House
£400K	06/21	0.39 mi	3, Bernard Road, Birmingham, West Midlands B17 8LP	£3,846	104	3	Semi-Detached House
£252K	12/20	0.39 mi	21, Bernard Road, Birmingham, West Midlands B17 8LP	£2,447	103	3	Semi-Detached House
£277K	01/21	0.39 mi	17, Bernard Road, Birmingham, West Midlands B17 8LP	£3,378	82	3	Detached House
£296K	03/21	0.39 mi	19, Lightwoods Hill, Smethwick, West Midlands B67 5DY	£2,574	115	3	Terraced House
£310K	12/22	0.39 mi	13, Lightwoods Hill, Smethwick, West Midlands B67 5DY	£3,010	103	3	Terraced House
£194K	08/21	0.4 mi	153, Park Road, Smethwick, West Midlands B67 5HU	£2,230	87	3	Terraced House
£260K	07/21	0.4 mi	108, Park Road, Smethwick, West Midlands B67 5HT	-	-	3	Terraced House
£299.9K	03/23	0.4 mi	136, Park Road, Smethwick, West Midlands B67 5HT	£3,658	82	3	Terraced House
£247K	11/22	0.4 mi	179, Park Road, Smethwick, West Midlands B67 5HU	£2,839	87	3	Semi-Detached House
£305K	11/22	0.41 mi	49, Park Road, Smethwick, West Midlands B67 5HP	£3,910	78	3	Terraced House

Local Rents

32 rents from £850/mo to £3K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	02/25	0.03 mi	-	3	Terraced House
£1,150	12/24	0.08 mi	Poplar Road, Smethwick	3	Terraced House
£1,150	03/25	0.09 mi	-	3	Terraced House
£995	12/24	0.19 mi	Sandon Road, Edgbaston, Birmingham, B17 8DT	3	Flat
£1,350	01/25	0.22 mi	-	3	Terraced House
£1,350	04/25	0.22 mi	-	3	Terraced House
£1,350	03/24	0.22 mi	-	3	Terraced House
£1,350	12/24	0.22 mi	Lightwoods Road, Smethwick, B67	3	Terraced House
£1,250	12/24	0.24 mi	Lightwoods Road, Bearwood, B67 5BH	3	Terraced House
£1,270	04/25	0.26 mi	-	3	Terraced House
£1,000	04/25	0.38 mi	-	3	Terraced House
£1,200	12/24	0.4 mi	Park Road, Smethwick, B67	3	Terraced House
£1,200	12/24	0.4 mi	-	3	Terraced House
£1,100	12/24	0.41 mi	-	3	Terraced House
£1,195	12/24	0.42 mi	Reginald Road, Smethwick	3	Flat
£1,150	12/24	0.44 mi	Galton Road, Smethwick, West Midlands, B67	3	Terraced House
£850	12/24	0.44 mi	Galton Road, Bearwood, B67	3	Terraced House
£1,295	12/24	0.46 mi	Pale Lane, Harborne, Birmingham, B17 8RX	3	Terraced House
£1,300	12/24	0.46 mi	Galton Road, Bearwood, Birmingham, B67 5JX	3	Terraced House
£3,000	03/24	0.47 mi	-	3	Terraced House
£1,550	12/24	0.47 mi	Hunstanton Avenue, Birmingham, B17	3	Detached House
£1,595	02/25	0.47 mi	-	3	Terraced House
£1,200	04/25	0.51 mi	-	3	Terraced House
£1,050	12/24	0.54 mi	Westbury Road, Edgbaston, B17 8JH	3	Terraced House
£1,350	12/24	0.55 mi	Hunstanton Avenue, Harborne, B17	3	Flat
£1,150	03/25	0.55 mi	-	3	Flat
£1,150	04/25	0.55 mi	-	3	Flat
£1,150	12/24	0.58 mi	Portland Road, BIRMINGHAM	3	Flat
£1,150	12/24	0.58 mi	Portland Road, Edgbaston	3	Terraced House
£1,000	03/25	0.6 mi	-	3	Flat
£1,000	04/25	0.6 mi	-	3	Flat
£975	11/24	0.61 mi	-	3	Flat

Local Area Statistics

Population in B66	21,33521,335
Population in Smethwick	51,34451,344
Town centre distance	0.75 miles away0.75 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.21 miles away1.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+28%+28%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+32%+32%

Property History

Listed for £220,000

November 14, 2023

Description

*CHAIN FREE *
A Delightful Three Bedroom Mid Terrace Property situated close to Bearwood High Street and Warley Woods. Features include Two Separate Reception Rooms ,Large Kitchen, Downstairs Wet Room , Two Double Bedrooms with access to Loft Room, One Single Room and Family Bathroom .
This property further benefits from walking distance to Lightwoods Park. EPC D.

Agent Details

Dixons, Bearwood

0121 387 6271

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents