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Lomaine Drive, Birmingham, West Midlands

West Midlands

£60,000Guide Price

Listed on 01/07/2026

Property details

Bedrooms
2
Type
Maisonette

Description

This two-bedroom first floor maisonette presents a solid investment opportunity for cash buyers and investors looking to undertake a refurbishment project. The property is in need of modernisation throughout, providing ample scope for enhancement and value addition. It features off-street parking and a private garden area, making it attractive to future renters or potential owner-occupiers. Located in a sought-after residential area, it enjoys convenient access to local amenities, schools, and transport links to Birmingham city centre. With approximately 34 years remaining on the lease, this property is positioned as an excellent prospect for those familiar with renovation projects seeking to maximise its potential in a well-established neighborhood. Offered at auction with the possibility of significant upside through improvement efforts.

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Investment analysis

(B30 area)
Area Average
£297/sq ft
Avg Rent (weekly)
£221
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (B30)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +1.6%
5 year growth: +12.4%
Investment Disclaimer: Analysis based on B30 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

Lomaine Drive, Birmingham, West Midlands
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Mortgage calculator

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£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£227
Based on a loan of £45,000 over 30 years at 4.45% 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

Next Steps

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