# 2 bedroom end of terrace house for sale (B42 2SY) ## Property Details | Key | Value | |-----|-------| | Address | 62 WELLHEAD LANE, BIRMINGHAM, WEST MIDLANDS B42 2SY | | Price | £80,000 | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | A | | Last sold | £135,000 Apr 2005 | ## 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. ## Property Photos - ![Photo](/listings/photos/158163230/1600097) - ![Photo](/listings/photos/158163230/1600098) - ![Photo](/listings/photos/158163230/1600099) - ![Photo](/listings/photos/158163230/1600100) - ![Photo](/listings/photos/158163230/1600101) - ![Photo](/listings/photos/158163230/1600102) - ![Photo](/listings/photos/158163230/1600103) - ![Photo](/listings/photos/158163230/1600104) - ![Photo](/listings/photos/158163230/1600105) - ![Photo](/listings/photos/158163230/1600106) - ![Photo](/listings/photos/158163230/1600107) - ![Photo](/listings/photos/158163230/1600108) - ![Photo](/listings/photos/158163230/1600109) - ![Photo](/listings/photos/158163230/1600110) - ![Photo](/listings/photos/158163230/1600111) - ![Photo](/listings/photos/158163230/1600112) - ![Photo](/listings/photos/158163230/1600113) - ![Photo](/listings/photos/158163230/1600114) ## Floorplans - ![Floorplan 1](/listings/photos/158163230/1600115) - Floorplan 1 ## EPC Graphs - ![EPC](/listings/photos/158163230/1600116) - EPC ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 62 WELLHEAD LANE, BIRMINGHAM, WEST MIDLANDS, B42 2SY | £123,500 | 08/12/2025 | Terraced | | 62 WELLHEAD LANE, BIRMINGHAM, WEST MIDLANDS, B42 2SY | £135,000 | 18/04/2005 | Terraced | | 62 WELLHEAD LANE, BIRMINGHAM, WEST MIDLANDS, B42 2SY | £98,000 | 18/03/2005 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £211,167 (27 Terraced, B42, 2024–2026) - **Deviation:** -62.1% ## Rental Range *ONS Price Index of Private Rents (Birmingham). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £981/mo - **Realistic:** £1,090/mo - **Optimistic:** £1,199/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Mid Staffs (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £623/mo ## 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)** ## 1% Rule - **Rent ratio:** 1% (strong) - **Max investor price (0.8%):** £100,000 - **Target investor price (1%):** £80,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £800/mo).* - **Gross yield:** 12% - **Cost-to-rent:** 8.3× - **Monthly cashflow:** £380/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 19.7% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 23.9% - **10y growth:** 59.8% ## House Price Index (HM Land Registry) *Official index for Birmingham; Terraced series; as of April 2026.* - **1y growth (index):** 1.3% - **5y growth (index):** 17.8% - **10y growth (index):** 60.2% ## Flood risk - **Zone:** 2 - **Risk:** In flood risk area - **Source:** Environment Agency Flood Risk Areas (APSFR) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)