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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 maisonette on the first floor represents a valuable renovation opportunity for cash buyers and investors aiming to enhance property value. The residence is in need of modernisation, making it an ideal project for those looking to improve and reconfigure the interior. Key features include off-street parking and a private garden area, both attractive to future tenants and potential owner-occupiers alike. Located in a sought-after residential area with easy access to local amenities, schools, and transport links to Birmingham city centre, this property has significant investment potential. With only 34 years remaining on the lease, it offers seasoned buyers the chance to capitalise on the existing layout while addressing necessary updates. Offered at auction in July 2026, this property is well-positioned for those familiar with the auction process and seeking their next project.

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Investment analysis

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

Renovation Potential

Medium 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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