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Lomaine Drive, Birmingham, West Midlands

West Midlands

£60,000

Listed on 01/07/2026

Property details

Bedrooms
2
Type
Maisonette

Description

This first-floor maisonette, featuring two bedrooms, is situated on Lomaine Drive and offers a prime opportunity for investors and cash buyers interested in a renovation project. The property is in need of modernisation but boasts valuable off-street parking and a private garden area, which enhances its appeal for potential tenants or owner-occupiers alike. Nestled in a sought-after residential area, it provides convenient access to local amenities, schools, and transport links to Birmingham city centre. With around 34 years remaining on the lease, this property represents a significant investment opportunity for astute purchasers looking to enhance its value through improvements.

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Investment analysis

(B30 area)
Area Average
£297/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (B30)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +1.6%
5 year growth: +12.4%
Investment Disclaimer: Analysis based on B30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lomaine Drive, Birmingham, West Midlands
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£227
Based on a loan of £45,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

Next Steps

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