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See how verdicts work3-bedroom terraced house · B33 9UL
Sold STCListed 46 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Edwards & Gray are delighted to present this well presented and very spacious, three bedroom terraced home on Gressel Lane, Tile Cross.
Perfect for first-time buyers looking for plenty of space in their first home and families with children looking for a larger home, Gressel Lane offers; a driveway with space for 2-3 cars, enclosed front porch, entrance hallway, great size through lounge/diner, good size kitchen, separate utility room, generous rear garden, three good size bedrooms and, separate bathroom and WC.
The location is ideal for those needing to commute with easy access to the M42, M6, a-roads, local bus routes, Birmingham International and Lea Hall train stations all making travel around the local area, into Birmingham and London easily accessible.
Gressel Lane is also within catchment for several local schools including Tile Cross/Leycroft Academy.
Amenities are easily accessible via local shops and supermarkets, Chelmsley Wood Shopping Centre and Castle Bromwich High Street.
Solihull Town Centre, Birmingham City Centre and Resorts World are also within a short commute.
The property comprises of: Approach The property is approached via a part block paved - part tarmac driveway leading to UPVC enclosed porch.
Hallway Entered via the front porch, having laminate flooring, stairs to first floor and doors leading to lounge/diner and kitchen.
Lounge/Diner (20'1'' x 11'6'') A through lounge/diner running the length of the property, having laminate flooring, central heating radiator, double glazed front window, light points to ceiling, chimney breast with fireplace and surround, UPVC French doors opening onto rear garden.
Kitchen (15'4'' x 8'11'') Having laminate tile effect flooring, central heating radiator, double glazed window, light point to ceiling, matching wall and base units, sink with drainer, space with plumbing for appliances and utility room access.
Utility (10'6'' x 4'2'') Having tiled flooring, light point to ceiling, fitted cupboards, space for white goods and appliances.
Rear Garden Having slabbed and stone chipping patio area, lawn with trees and shrubs, wooden shed and wooden fence panel boundaries.
Bedroom One (13'8'' x 9'9'') Having carpet flooring, central heating radiator, double glazed window, light point to ceiling and built in wardrobe/cupboard.
Bedroom Two (12'1'' x 7'6'') Having carpet flooring, central heating radiator, double glazed window and light point to ceiling.
Bedroom Three (9'9'' x 6'6'') Having carpet flooring, central heating radiator, double glazed window and light point to ceiling.
Shower Room (10'1'' x 4') Having tile effect laminate flooring, heated towel rail, double glazed window, light point to ceiling, shower cubicle with glass door, sink with base unit.
WC Tile effect laminate flooring, double glazed window, light point to ceiling and low level WC. Tenure: Freehold Council Tax: Band B under Birmingham City Council.
EPC: C Although every effort has been made to ensure the accuracy of information in this advert, it is advised that any prospective buyer consults a solicitor before agreeing to a sale.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 247, Gressel Lane, Birmingham
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