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Thimblemill Road, Smethwick, B67

West Midlands

£195,000
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
420 sqft

Description

This two-bedroom terraced house presents a unique opportunity for those interested in renovation and investment potential. Located on the desirable Thimblemill Road, the property features a traditional layout that includes two expansive reception rooms on the ground floor, along with a kitchen and bathroom. The upper level offers two generously sized double bedrooms, accompanied by a study room accessible from the second bedroom, which can serve various functional purposes. The property stands out with its private rear garden, providing an outdoor space that could be enhanced or landscaped according to personal preference. While it requires significant modernization throughout, this aspect not only allows for customization but also presents a chance to significantly increase the property's value through renovations. Situated in an area known for excellent transport links, reputable schools, and a wide selection of local shops and amenities, this home is well-positioned to appeal to both first-time buyers looking to make their mark and investors seeking a project with considerable upside potential. The surrounding community benefits from diverse offerings that enhance everyday living. Additional practical details include freehold tenure and favorable council tax banding, making this property an attractive prospect for those looking to invest in the local real estate market. With ample potential for refurbishment and growth in value, this home awaits a visionary buyer ready to transform it into a modern dwelling that suits their needs.

Investment Analysis

(B67 area)

Above Market Value

This property is priced +84.6% above area average per sq ft

+84.6%
This Property
£464/sq ft
Area Average
£251/sq ft
Avg Rent (weekly)
£254
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£116,170
10% above area average per sq ft
Potential ROI
-48.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (B67)

Area prices are rising by +2.8% over the last 12 months
3 year growth: 8.7%
5 year growth: 29.2%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£714
Based on a loan of £146,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE