3 Bed Terraced House, Single Let, Smethwick, B66 3RZ, £140,000

Rosebery Road, Smethwick, B66 3RZ - 1 views - 3 months ago

Sold STC
Auction
BTL
ROI: 10%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£50K - £360K
Sold Prices/m²£680/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£171,146
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Total Cash In

£43,500

 

 

Cash Out

 

Rent Range

£800 - £4,000

Rent Estimate

£1,020

Running Costs/mo

£662

Cashflow/mo

£359

Cashflow/yr

£4,302

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £360K, average is £165K. £680/m² to £4.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£149K08/210 mi51, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£182K06/230 mi62, Rosebery Road, Smethwick, West Midlands B66 3RZ3
£118K07/210.04 mi72, Salisbury Road, Smethwick, West Midlands B66 3RX3
£145K04/210.04 mi105, Salisbury Road, Smethwick, West Midlands B66 3RX3
£150K03/210.06 mi9, Salisbury Road, Smethwick, West Midlands B66 3RU3
£175K01/230.06 mi80, Trafalgar Road, Smethwick, West Midlands B66 3SF3
£142K10/210.08 mi90, Trafalgar Road, Smethwick, West Midlands B66 3SA3
£135K12/200.09 mi91, Windmill Lane, Smethwick, West Midlands B66 3EW3
£198K04/230.11 mi66, Windmill Lane, Smethwick, West Midlands B66 3ES3
£185K08/220.15 mi173, Cape Hill, Smethwick, West Midlands B66 4SH3
£228K05/230.15 mi171, Cape Hill, Smethwick, West Midlands B66 4SH3
£245K11/230.15 mi2, Kelvin Drive, Smethwick, West Midlands B66 4SU3
£160K10/220.19 mi46, Woodlands Street, Smethwick, West Midlands B66 3TE3
£210K08/210.2 mi91, Kinsey Road, Smethwick, West Midlands B66 4SL3
£236K12/210.2 mi42, Crown Street, Smethwick, West Midlands B66 4SP3
£168K10/230.21 mi114, Montague Road, Smethwick, West Midlands B66 4PW3
£210K10/230.21 mi5, New Hope Road, Smethwick, West Midlands B66 3TX3
£120K09/210.21 mi96, Edith Road, Smethwick, West Midlands B66 4QY3
£196K08/230.21 mi94, Edith Road, Smethwick, West Midlands B66 4QY3
£180K10/220.23 mi51, Edith Road, Smethwick, West Midlands B66 4QX3
£145K05/210.26 mi15, Woodlands Street, Smethwick, West Midlands B66 3TF3
£145K05/210.26 mi15, Woodlands Street, Smethwick, West Midlands B66 3TF3
£276K12/220.29 mi23, Devey Road, Smethwick, West Midlands B66 4ST3
£146K05/210.3 mi46, Norton Close, Smethwick, West Midlands B66 3JA3
£165K02/230.31 mi4, Oliver Road, Smethwick, West Midlands B66 4PL3
£50K05/230.31 mi24, Oliver Road, Smethwick, West Midlands B66 4PL3
£135K11/210.31 mi49, Gilbert Road, Smethwick, West Midlands B66 4PY3
£168.5K05/220.33 mi25, Majuba Road, Birmingham, West Midlands B16 0PD3
£165K06/220.33 mi17, Majuba Road, Birmingham, West Midlands B16 0PD3
£124.5K01/210.33 mi9, Majuba Road, Birmingham, West Midlands B16 0PD3
£145K11/220.34 mi3, Glencoe Road, Birmingham, West Midlands B16 0PB3
£151K04/210.34 mi1, Honiton Walk, Smethwick, West Midlands B66 3HR3
£120K12/200.36 mi25, Laundry Road, Smethwick, West Midlands B66 4PR3
£145K11/210.36 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£121.5K02/210.36 mi236, Montague Road, Smethwick, West Midlands B66 4PJ3
£120K02/210.36 mi152, Sycamore Road, Smethwick, West Midlands B66 4NS3
£182K01/230.36 mi139, Sycamore Road, Smethwick, West Midlands B66 4NS3
£112.5K07/210.37 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£112.5K07/210.37 mi2, Pens Close, Smethwick, West Midlands B66 4LH3
£146.3K03/210.4 mi3, Bush Avenue, Smethwick, West Midlands B66 3LD3
£240K06/210.42 mi78, Barley Road, Birmingham, West Midlands B16 0QE3
£250K11/210.43 mi58, Grange Road, Smethwick, West Midlands B66 4NQ3
£268K10/230.43 mi56, Grange Road, Smethwick, West Midlands B66 4NQ3
£233K05/210.43 mi27, Brook Way, Birmingham, West Midlands B16 0QR3
£360K07/220.43 mi2, Deers Way, Birmingham, West Midlands B16 0QQ3
£190K03/230.44 mi267, Portland Road, Edgbaston, Birmingham, West Midlands B17 8LU3
£166K11/200.46 mi86, Westbury Road, Birmingham, West Midlands B17 8JH3
£165K08/230.46 mi43, Capethorn Road, Smethwick, West Midlands B66 4LY3
£176K12/220.47 mi146, Selsey Road, Birmingham, West Midlands B17 8JT3
£215K01/210.48 mi158, Waterloo Road, Smethwick, West Midlands B66 4NE3

Local Rents

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

RentDateDistanceAddressBeds 
£1,15011/240.07 mi-3
£1,20012/240.12 mismethwick, B663
£80012/240.14 miScribbans Close, Smethwick, West Midlands3
£1,29512/240.2 miCrown Street, Smethwick3
£1,75004/250.21 mi-3
£1,50003/250.27 mi-3
£1,10012/240.31 miOliver Road, Cape Hill3
£1,30003/250.31 mi-3
£1,10012/240.33 miMessenger Road, B663
£1,45004/250.35 mi-3
£99002/240.43 mi-3
£1,15012/240.44 miPortland Road, BIRMINGHAM3
£1,15012/240.44 miPortland Road, Edgbaston3
£1,35012/240.45 miAvery Avenue, Edgbaston, Birmingham, B163
£1,05012/240.46 miWestbury Road, Edgbaston, B17 8JH3
£4,00004/250.46 mi-3
£1,15512/240.47 miSmethwick, West Midlands, B673
£1,17503/250.5 mi-3
£1,40001/250.5 mi-3
£1,10012/240.53 miRosefield Road, Smethwick3
£1,30012/240.55 miCrocketts Lane, Smethwick, Birmingham3
£1,45002/240.55 mi-3
£1,10012/240.59 mi-3
£1,59502/250.6 mi-3

Local Area Statistics

Population in B66

21,335

Population in Smethwick

51,344

Town centre distance

0.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+32%

Property History

Price changed to £140,000

February 12, 2025

Listed for £160,000

January 21, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • THREE BEDROOMS +
  • DOWNSTAIRS SHOWER ROOM +
  • TWO RECEPTION ROOMS +
  • LOCAL TRANSPORT LINKS TO BIRMINGHAM CITY CENTRE +
  • GREAT LOCATION +

SUMMARY
*Hot Properties In Smethwick!* Explore exceptional homes in the heart of Smethwick, ideal for first time buyers and investors. Don't Delay - these opportunities won't last long! *Contact Us Now *

DESCRIPTION
This three bedroom property is within a two mile radius to several train stations, such as; Langley Green Station, Smethwick Rolfe Street Station, Smethwick Galton Bridge Station and Rowley Regis Station. There are also multiple bus stops within walking distance of the property giving access to the surrounding towns and Birmingham City Centre.

Doctors surgeries, opticians and dentists are within a one mile radius, also with the access to public transport you should never be pushed for finding any of these.

As well as Birmingham City Centre for shopping needs, there are also the options of Windmills Shopping Centre Smethwick and Bearwood High Street under two miles from the property, giving you a wider range of grocery stores, clothes shops and more.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Ground Floor 

Entrance Hall 
Having a ceiling light point, radiator, and access to under stairs storage cupboard.

Reception Room 
Having a double-glazed bay window to the front aspect, ceiling light point, radiator, and linoleum flooring.

Dining Room 
Having a double-glazed window to the rear aspect, ceiling light point, radiator, fireplace, and stairs rising to first floor.

Kitchen 
Fitted kitchen with a range of wall and base units, sink with drainer and mixer tap, double-glazed window to side aspect, integrated electric double oven, integrated four ring gas hob, cookerhood, ceiling light point, part tiled walls, linoleum floor, radiator, central heating boiler, and plumbing for washing machine.

Shower Room 
Having an obscured double-glazed window to the rear aspect, W.C, hand wash basin, accessible shower cubicle, radiator, and ceiling light point.

First Floor 

Bedroom One 
Having two double-glazed windows to the front aspect, ceiling light point, radiator, and carpeted floor.

Bedroom Two 
Having a double-glazed window to the rear aspect, ceiling light point, radiator, and carpeted floor, and storage cupboard.

Bedroom Three 
Having a double-glazed window to the rear aspect, ceiling light point, radiator, and carpeted floor.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, B'ham West - Bearwood

0121 387 6256

Next Steps?

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