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Thimblemill Road, Smethwick, West Midlands, B67

West Midlands

£195,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
953 sqft

Description

This two-storey end-terrace property on Thimblemill Road offers a promising investment opportunity with significant potential for refurbishment. While the property is in need of modernisation and some remedial works, it is well-suited to investors, builders, or those looking to add value through renovation. The accommodation includes two reception rooms, a kitchen, bathroom, and multiple bedrooms, complemented by front and rear garden spaces. Notable features include solid brick construction and double glazed windows, along with gas, electric, and mains services already connected. With the right improvements, there is ample opportunity to enhance the EPC rating and increase rental yield. This property is ideally positioned for cash buyers or seasoned investors looking for a project that can yield strong resale or rental returns upon completion.

Investment Analysis

(B67 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£205/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£264
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£262,023
10% above area average per sq ft
Potential ROI
+11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (B67)

Area prices are falling by -3.0% over the last 12 months
3 year growth: +3.4%
5 year growth: +21.2%
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, West Midlands, B67
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£696
Based on a loan of £146,250 over 30 years at 3.97% 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

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