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Purley Grove, Erdington, Birmingham, West Midlands, B23 7TX - Image 1
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Purley Grove, Erdington, Birmingham, West Midlands, B23 7TX

West Midlands

£130,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This two-bedroom mid-terraced property presents a solid opportunity for those looking to invest in a home that requires modernization. The layout includes a lounge, kitchen/diner, bathroom, as well as front and rear gardens, all of which offer potential for personalisation. The property is set back from the road with a lawned fore-garden leading to the main entrance. Inside, the ground floor features an entrance hallway providing access to the living areas and stairs to the first floor. The spacious lounge benefits from natural light through a double glazed bay window, while the kitchen/diner comes equipped with fitted units but is ready for an update. Moving upstairs, both bedrooms are generously sized with ample natural light and storage options. The bathroom includes essential fittings but could greatly benefit from modernisation. With a rear garden featuring a summer house, this space has potential for outdoor enhancement. This property is ideal for buyers looking to put their own stamp on it and enhance its value through renovation.

Investment Analysis

(B23 area)
Area Average
£224/sq ft
Avg Rent (weekly)
£240
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (B23)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 5.0%
5 year growth: 26.9%
Investment Disclaimer: Analysis based on B23 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

Purley Grove, Erdington, Birmingham, West Midlands, B23 7TX
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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
£476
Based on a loan of £97,500 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