Gravelly Lane, Birmingham, West Midlands, B23
West Midlands
£160,000Guide Price
Listed on 15/10/2026
Listed on 15/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1043 sqftFeatures
- Garden
Description
This three-bedroom mid-terrace house offers approximately 1,043 sq. ft. arranged around an entrance hall, front lounge with bay window and fireplace, separate dining room, kitchen and utility area. The ground-floor bathroom includes a bath and separate shower, while an additional WC is located upstairs alongside three bedrooms, including a principal bedroom measuring approximately 15 ft 6 in by 12 ft 3 in.
At the rear, the property has a paved patio, a storage shed and further garden space. The room sizes and separate reception areas provide scope for a purchaser to update and personalise the accommodation. The sale is by the Modern Method of Auction, with a reservation fee and buyer information pack; buyers should review the auction terms and complete their own due diligence.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
78out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £160,000, this three-bedroom terrace is priced at about £153 per sq ft, well below the local average of £225 per sq ft — a strong entry point for a buyer looking to add value. The 1,043 sq ft layout has two separate reception rooms, a spacious principal bedroom and a substantial rear garden, giving the project useful space to work with.
The work looks light rather than structural: older finishes and visible marks in several rooms offer scope for redecoration and flooring updates, while the garden could be cleared and reshaped. The fitted kitchen and well-equipped bathroom appear usable, so improvements can be focused where they make the most difference. The asking price plus the stated renovation midpoint totals £169,500 before fees and stamp duty; that is a comparison with the implied local average value, not a GDV.
Key opportunities
- Refresh the older decoration and floor finishes across the reception rooms and bedrooms.
- Clear and landscape the substantial rear garden, making better use of its patio, further garden space and storage outbuilding.
- Make use of the separate reception rooms and generous principal bedroom in a practical 1,043 sq ft layout.
Key risks
None recorded.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£604
Based on a loan of £120,000 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.
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