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Purley Grove, Erdington, Birmingham, West Midlands B23 - Image 1
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Purley Grove, Erdington, Birmingham, West Midlands B23

West Midlands

£130,000
Listed on 13/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
743 sqft

Description

This two-bedroom mid-terraced property presents a valuable opportunity for investors and homebuyers alike looking to imprint their own style. The home requires comprehensive modernisation, making it an ideal canvas for renovation enthusiasts. It features a spacious lounge with a bay window, a kitchen/diner that opens to the rear garden, and two well-sized bedrooms on the first floor. The existing bathroom includes essential fittings but may benefit from updating. Outside, the front and rear gardens provide potential for landscaping improvements or outdoor living enhancements. With its generous layout and prime location in the West Midlands, this property offers significant investment potential for those willing to undertake refurbishment. Early viewings are strongly recommended.

Investment Analysis

(B23 area)

Below Market Value

This property is priced -21.8% below area average per sq ft

-21.8%
Potential saving
This Property
£175/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£240
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£182,789
10% above area average per sq ft
Potential ROI
+14.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (B23)

Area prices are rising by +4.7% over the last 12 months
3 year growth: 5.0%
5 year growth: 26.9%
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

Purley Grove, Erdington, Birmingham, West Midlands B23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£476
Based on a loan of £97,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE