Formans Road, Birmingham
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Formans Road, Birmingham

By Property Pro

£ 185,000

Reviews

3 out of 5 stars

Property Pro says ..

Ideal for first-time buyers! This 2-bed terraced home in a prime Sparkhill location, just off Stratford Road, offers great space with two reception rooms, an extended kitchen, and rear garden. Vacant & chain-free for a hassle-free purchase. Close to excellent amenities and transport links.

Property Oracle says ..

The property is a terraced house situated in Sparkhill, Birmingham. The area benefits from relatively close proximity to several railway stations, including Small Heath and Hall Green, offering convenient access to public transportation. Several primary schools are also within a reasonable distance, with English Martyrs’ Catholic Primary School receiving an “Outstanding” Ofsted rating. This positive aspect contributes to the desirability of the location for families. The images reveal a property that appears to be in generally fair condition, though some minor cosmetic upgrades could enhance its overall appeal. The interior shows signs of wear and tear, particularly in some of the flooring and wall coverings. While not requiring immediate major repairs, some modernisation would improve the property’s presentation and increase its market value. Information on the plot size is unavailable, preventing a definitive assessment of the land aspect. Considering the list price of £185,000, compared to the average price of £170,811 for the area, the property seems slightly overpriced. However, without the square footage of the property, a precise price-per-square-foot comparison cannot be made to determine the true value. Nearby comparable properties on Formans Road have sold for significantly lower prices, suggesting that the list price might be ambitious. The lack of plot size data also makes it difficult to accurately assess the overall value proposition. The property could benefit from some modernisation and cosmetic improvements to enhance its appeal to potential buyers. The current condition and the slightly higher than average price compared to similar properties in the area should be considered when evaluating the overall value.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
6
Location
7
Land
0
Bedrooms
2
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
210,398.00 £
Decreased by 9.64 %
from 232,840.00 £
Average area rental value
1,204.00 £/mo
Increased by 43.33 %
from 840.00 £/mo
Est rental Yield
6.87 %
Increased by 58.66 %
from 4.33 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Property Pro created the listing.

Nearby Schools

NameTypeOfstedDistance
Springfield Primary AcademyAcademy Sponsor Led0.47 KM
Springfield Children'S CentreChildren's Centre0.47 KM
GreetChildren's Centre Linked Site0.60 KM
Greet Primary SchoolAcademy Converter0.60 KM
English Martyrs' Catholic Primary SchoolVoluntary Aided SchoolOutstanding0.76 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Baker Street £ 000.00 KM
Avon Street £ 000.00 KM
Croome Close £ 345,00000.00 KM
Pensby Close £ 220,00000.00 KM
The Poplars £ 180,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Small Heath4530SMA1.79 KM
Hall Green4521HLG1.80 KM
Tyseley4518TYS2.16 KM
Spring Road4535SRI2.29 KM
Yardley Wood4537YRD2.95 KM

Nearby Listings

AddressPriceTypeScoreDistance
Formans Road, Birmingham £ 185,000BUY6 / 100.00 KM
Percy Road, Birmingham, B11 £ 215,000BUY6 / 100.12 KM
Percy Road, Birmingham, West Midlands, B11 £ 210,000BUY5 / 100.13 KM
Knowle Road, Birmingham £ 220,000BUYUnknown0.14 KM
Solihull Road, Sparkhill, Birmingham £ 180,000BUY5 / 100.17 KM

Nearby Properties

AddressPriceDistance
28 Formans Road £ 98,0000.06 KM
54 Formans Road £ 90,0000.06 KM
12 Formans Road £ 49,9500.06 KM
42 Formans Road £ 84,0000.06 KM
38 Formans Road £ 135,0000.06 KM