Sold STC End of terrace

62 WELLHEAD LANE

BIRMINGHAM, WEST MIDLANDS B42 2SY

2 beds 2 baths 1,012 sq ft Listed 12 Feb 2025 (-535d)

£80,000

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Property details

Tenure

FREEHOLD

Floor area

94 m²

Council tax band

A

EPC rating

C

Year built

England and Wales: 1900-1929

Last sold

£135,000 Apr 2005

Price per m²

£851/m²

Local average

£211,167 (-62.1%)

Deprivation

Decile 1 (511 of 33,755)

Street crime

597 incidents within 1 mile (May 2026)

Key features

  • INVESTMENT OPPORTUNITY
  • END TERRACE
  • TWO FLAT CONVERSION
  • GROUND FLOOR ONE BEDROOM
  • LOUNGE, KITCHEN & BATHROOM
  • FIRST FLOOR ONE BEDROOM
  • OPEN PLAN LOUNGE & KITCHEN, BATHROOM
  • NO CHAIN

Additional details

Garden
Back garden

Description

SUMMARY
Shipways are now proceeding with an offer for the sum of £90,000 for 62 Wellhead Lane, Birmingham, B42 2SY. Anyone wishing to place an offer on this property should contact Shipways, 905 Walsall Road, Great Barr, B42 1TN before exchange of contracts.


DESCRIPTION
Situated on Wellhead Lane, this end-terrace property is a fantastic investment opportunity, comprising two self-contained one-bedroom flats.

The ground floor flat features a spacious lounge, a well-equipped kitchen, a good-sized bedroom, and a separate bathroom, offering comfortable and practical living.

The first-floor flat boasts a modern open-plan layout, combining the lounge, kitchen, and bedroom into a bright and airy space, complete with an en-suite shower room for added convenience.

With its prime location close to local amenities, schools, and excellent transport links, this property is ideal for investors or those looking for a home with rental potential. Don't miss out on this unique opportunity!

Agent Note  
Council Tax Band A

Flat One 
Ground Floor

Lounge  12' 8" x 11' 11" ( 3.86m x 3.63m )
Two windows to the side of the property, ceiling light point, radiator

Kitchen 12' 6" x 7' 8" ( 3.81m x 2.34m )
Double glazed window to the rear and the side of the property, a range of base units with roll top worksurface, stainless steel sink and drain, gas cooker point, plumbing for washing machine, storage cupboard, wall mounted boiler

Bedroom One  12' 8" x 11' 10" ( 3.86m x 3.61m )
Double glazed window to the front of the property, store cupboard, radiator, ceiling light point

Bathroom  
Shower, low level WC, radiator, ceiling light point, extractor fan, pedestal wash hand basin

Flat 2 
First Floor

Lounge/Kitchen 12' 8" x 12' ( 3.86m x 3.66m )
Window to the rear, a range of base units with roll top worksurface, electric hob, extractor fan, oven, plumbing for washing machine, stainless steel sink and drain, tiled, electric storage heater

Bedroom One 12' 8" x 11' 10" ( 3.86m x 3.61m )
Double glazed window to the front of the property, electric storage heater, laminate flooring, wash hand basin, ceiling light point, extractor fan, loft access

Rear Garden 
Paved yard with Fenced borders



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Listed by

Great Barr

Sequence (UK) Limited - Connells

Reference: 158163230

EPC Rating & Upgrade Cost

Current rating: C

Potential rating: C

Inspection date: 28/04/2026

Expiry date: 27/04/2036

Current heating cost: £960/year

Potential heating cost: £773/year

Est. upgrade cost to C: £16,935

Recommendations

  • Floor insulation (suspended floor) (£5,000 - £10,000)
  • Draughtproof single-glazed windows (£150 - £250)
  • Upgrade heating controls (£220 - £250)
  • Solar photovoltaic panels, 2.5 kWp (£8,000 - £10,000)

View full EPC on gov.uk

Flood risk

Zone: 2

Risk: In flood risk area

Environment Agency Flood Risk Areas (APSFR)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC

EPC

Price history

26% since 2005

Event Date Price % change
Sold 08/12/2025 (7 months ago) £123,500 -8.5%
Sold 18/04/2005 (21 years ago) £135,000 +37.8%
Sold 18/03/2005 (21 years ago) £98,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
140 STONELEIGH ROAD, BIRMINGHAM, WEST MIDLANDS, B20 3AS £149,000 03/12/2025 Terraced
Same street 50 WELLHEAD LANE, BIRMINGHAM, WEST MIDLANDS, B42 2SY £75,000 19/10/2023 Terraced
8 NORTH ROAD, HANDSWORTH, BIRMINGHAM, WEST MIDLANDS, B20 3HX £144,950 19/09/2023 Terraced
117 STONELEIGH ROAD, BIRMINGHAM, WEST MIDLANDS, B20 3AR £133,000 17/03/2023 Terraced
138 STONELEIGH ROAD, BIRMINGHAM, WEST MIDLANDS, B20 3AS £150,000 13/05/2022 Terraced
156 ASTON LANE, HANDSWORTH, BIRMINGHAM, WEST MIDLANDS, B20 3HA £250,000 01/04/2022 Terraced
19 OSCOTT ROAD, PERRY BARR, BIRMINGHAM, WEST MIDLANDS, B42 2TA £130,000 07/02/2022 Terraced
24 OSCOTT ROAD, PERRY BARR, BIRMINGHAM, WEST MIDLANDS, B42 2TA £92,000 20/08/2021 Terraced

Street average: £75,000 (1 sale)

Area average: £149,850 (7 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 25.4%
10y growth 59.8%

House Price Index (HM Land Registry — official index, not sold-price averages): Birmingham. Series: Terraced. As of April 2026.

1y (index) 1.3%
5y (index) 17.8%
10y (index) 60.2%

Rental Range

Estimated market rent for Birmingham. Low = conservative, Realistic = average, Optimistic = best case.

Low £981/mo
Realistic £1,090/mo
Optimistic £1,199/mo

Based on Local Authority from postcode lookup → Birmingham.

LHA (30th percentile) floor for Mid Staffs: £623/mo (Apr 2025 – Mar 2026)

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Aston Lane / Wellhead Lane 0.2 miles
Shop Unknown 0.3 miles
Shop Paddy Power 0.3 miles
Train station Perry Barr 0.3 miles
Train station Witton 0.6 miles
University Maryvale Institute 2.2 miles
University BIMM University Birmingham 2.8 miles
Hospital Brian Oliver Centre 7.1 miles
Hospital Bilston Street Surgery 9.6 miles

Street-level crime

Category Count
Violence and sexual offences 250
Criminal damage and arson 77
Public order 64
Vehicle crime 40
Drugs 38
Other theft 31
Shoplifting 24
Possession of weapons 21
Burglary 19
Anti-social behaviour 11
Robbery 9
Theft from the person 8
Other crime 5
Total incidents 597

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Eden Boys' School, Birmingham Secondary 0.2 miles Outstanding — 3 Jul 2018
Broadway Academy Secondary 0.3 miles Good — 22 Jan 2023
Prince Albert High School Secondary 0.3 miles Good — 21 Mar 2024
Canterbury Cross Primary School Primary 0.4 miles Good — 20 Mar 2014
Holy Trinity CE Primary Academy (Handsworth) Primary 0.5 miles Good — 20 Oct 2022

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
2 Bed Flat, Tame Road, B6 £800/mo 2 0.67 miles OpenRent

Average rent: £800/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1%
Max investor price (0.8%) £100,000
Target investor price (1%) £80,000
Gross yield 12%
Cost-to-rent ratio 8.3×
Monthly cashflow £380/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 19.7%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).