Lanchester Way, Birmingham
Shipways logo

Lanchester Way, Birmingham

By Shipways

£ 155,000

Reviews

2 out of 5 stars

Shipways says ..

*** SOLD WITH TENANT IN SITU *** EXCELLENT BUY TO LET INVESTMENT OPPORTUNITY *** **THREE BEDROOMS *** FRONT AND REAR GARDEN *** NO CHAIN *** FREEHOLD *** CALL SHIPWAYS TO VIEW ON ***

Property Oracle says ..

This three-bedroom terraced house in Smith’s Wood, Solihull, presents itself as a potential investment opportunity, especially given its ‘sold with tenant in situ’ status. The property’s location offers access to several schools, some rated as outstanding by Ofsted, and is within a reasonable distance from several train stations, making it potentially attractive to commuters and families. However, the images suggest the property could benefit from some cosmetic upgrades and modernisation. The kitchen and bathroom appear dated and could be improved to enhance the overall appeal and potential rental income. The small rear garden is paved, providing limited outdoor space, and would likely need some attention to improve its curb appeal. The lack of property details regarding square footage complicates a comprehensive market valuation; however, compared to other nearby properties, the listed price appears to fall within a reasonable range, particularly considering the investment opportunity offered by the existing tenant. A full survey and valuation would be highly recommended before any purchase is considered.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
6
Land
3
Bedrooms
3
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
195,714.00 £
Decreased by 9.06 %
from 215,207.00 £
Average area rental value
1,033.00 £/mo
Decreased by 8.75 %
from 1,132.00 £/mo
Est rental Yield
6.33 %
Increased by 0.32 %
from 6.31 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Shipways created the listing.

Nearby Schools

NameTypeOfstedDistance
Castlewood SchoolAcademy Special Sponsor LedRequires improvement0.38 KM
Summerfield Education CentrePupil Referral UnitRequires improvement0.47 KM
Castle Bromwich Infant And Nursery SchoolCommunity SchoolOutstanding0.91 KM
Park Hall AcademyAcademy Sponsor LedGood0.94 KM
Smith'S Wood Primary AcademyAcademy ConverterOutstanding1.26 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Cowley Close £ 000.00 KM
Park View £ 400,00000.00 KM
Hamble Close £ 000.00 KM
Green Lane £ 170,00000.00 KM
Chelmer Close £ 175,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Water Orton1121WTO1.58 KM
Lea Hall1133LEH4.81 KM
Marston Green1034MGN4.91 KM
Coleshill Parkway9882CEH5.25 KM
Stechford1043SCF6.83 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lanchester Way, Birmingham £ 155,000BUY5 / 100.00 KM
Lanchester Way, Birmingham, West Midlands, B36 £ 155,000BUYUnknown0.00 KM
Daimler Close, BIRMINGHAM £ 200,000BUY6 / 100.11 KM
Rover Drive, BIRMINGHAM, West Midlands, B36 £ 250,000BUY7 / 100.14 KM
Alvis Walk, Birmingham, West Midlands, B36 £ 95,000BUY6 / 100.16 KM

Nearby Properties

AddressPriceDistance
210 Lanchester Way £ 110,0000.00 KM
218 Lanchester Way £ 118,0000.00 KM
226 Lanchester Way £ 79,5000.00 KM
224 Lanchester Way £ 150,0000.00 KM
216 Lanchester Way £ 86,9500.00 KM