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Thimblemill Road, Smethwick, B67

West Midlands

£190,000
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
420 sqft

Description

This two-bedroom terraced house, located on the desirable Thimblemill Road, presents an excellent investment opportunity for those willing to undertake a renovation project. The property comprises two generous reception rooms, a kitchen, and a bathroom on the ground floor, while the upper level features two double bedrooms along with an additional study room accessible from the second bedroom. Outside, there is a private rear garden that could be transformed into an inviting outdoor space. While modernisation is required throughout, this home offers the potential to create a desirable living environment tailored to your taste. Its strategic location benefits from strong transport links, reputable schools, and a range of local amenities, making it an attractive prospect for first-time buyers and investors alike.

Investment Analysis

(B67 area)

Above Market Value

This property is priced +82.3% above area average per sq ft

+82.3%
This Property
£452/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£258
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£114,622
10% above area average per sq ft
Potential ROI
-49.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
73%
Properties sold annually

Local Market Trend (B67)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +5.9%
5 year growth: +26.2%
Investment Disclaimer: Analysis based on B67 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

Thimblemill Road, Smethwick, B67
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£685
Based on a loan of £142,500 over 30 years at 4.06% 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.

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