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Marsh Hill, Birmingham, West Midlands, B23

West Midlands

£230,000
Listed on 09/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
973 sqft

Description

This three-bedroom detached bungalow in Erdington presents a promising opportunity for renovation and investment. The property is available without any upward chain, allowing for a straightforward acquisition. It is strategically located near local shopping facilities and schools, making it ideal for families or investors looking to enhance rental potential. Commuters will benefit from nearby bus routes and easy access to Erdington train station, which connects to Birmingham city centre and other surrounding areas. The accommodation includes a reception room, kitchen diner, three bedrooms, and a bathroom, all of which offer scope for modernisation and personalisation. Additionally, the property features off-road parking along with front and rear gardens, providing further enhancement opportunities. Given its location and existing layout, viewings are highly recommended to fully grasp the potential this property has to offer.

Investment Analysis

(B23 area)

Above Market Value

This property is priced +4.7% above area average per sq ft

+4.7%
This Property
£236/sq ft
Area Average
£226/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£241,674
10% above area average per sq ft
Potential ROI
-10.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
41%
Properties sold annually

Local Market Trend (B23)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +4.1%
5 year growth: +24.0%
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

Marsh Hill, Birmingham, West Midlands, B23
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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
£830
Based on a loan of £172,500 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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