3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B43 7AT, £175,000
Merrions Close, Great Barr, Birmingham, B43 7AT - 3 months ago
Sold STC
Refurb/BRRR
ROI: 15%
~93 m²
ValuationFair Value
History
Listed for £175,000
February 27, 2024
Floor Plans
Description
SEMI-DETACHED HOUSE IN POPULAR LOCATION +
REQUIRING SOME MODERNISATION +
PORCH +
RECEPTION HALL +
LOUNGE +
KITCHEN +
THREE BEDROOMS +
BATHROOM with w.c. +
FOREGARDEN +
ENCLOSED REAR GARDEN +
This three bedroomed semi-detached house occupies a pleasant position in this popular residential area, located just off the A34 Birmingham Road, being well served by public transport services to both Walsall and Birmingham City Centre, local shopping facilities at Scott Arms and a good range of schools for children of all ages.
Although in need of modernisation, the accommodation briefly comprises the following:- (all measurements approximate)
Agent Details
Fraser Wood, Walsall
01922 927044
Next Steps?
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Stats
Population in B43
28,796
Population in Birmingham
1,034,821
Town centre distance
7.06 miles away
Nearest school
0.20 miles away
Nearest train station
1.63 miles away
Rental growth (12m)
-26%
Sales demand
Balanced market
Capital growth (5yrs)
+29%
Investment Opportunity
Cash In
Deposit (25%)
£43,750
Stamp duty & legals
£6,450
Refurb costs
£36,800
Total cash in
£87,000
Cash Out
Monetisation
Rent OutFlip
Rent range
£950 - £3,660
Rent estimate
£1,360
Revaluation
£269,815
New mortgage
£202,361
Cash left in
£18,420
Running costs/mo
£1,135
Cashflow/mo
£225
Cashflow/yr
£2,700
ROI
15%
Gross yield
9%
Local Rents
30 rents
Rent
Date
Distance
Address
Beds
Type
£1,059
11/23
0.03 mi
-
3
Terraced House
£1,050
11/23
0.03 mi
-
3
Terraced House
£1,300
02/24
0.21 mi
The Grove, Great Barr, Birmingham
3
Detached House
£1,300
03/24
0.36 mi
Highland Road, Great Barr, BIRMINGHAM
3
Flat
£1,900
01/24
0.5 mi
-
3
Detached House
£1,175
03/24
0.69 mi
Birmingham Road, Birmingham, B43
3
Detached House
£1,050
02/24
0.7 mi
-
3
Semi-Detached House
£1,100
11/23
0.77 mi
-
3
Semi-Detached House
£1,200
03/24
0.87 mi
St Margarets Road, Great Barr, Birmingham, B43
3
Detached House
£1,200
02/24
0.9 mi
Himley Close, Birmingham
3
Detached House
£1,245
09/23
0.93 mi
-
3
Semi-Detached House
£1,150
12/23
0.93 mi
-
3
Detached House
£1,150
12/23
0.93 mi
-
3
Detached House
£1,150
03/24
1.03 mi
Netherhall Avenue, Great Barr. B43 7ET
3
Flat
£1,400
02/24
1.04 mi
Newton Road, Birmingham, West Midlands
3
Detached House
£1,200
03/24
1.07 mi
-
3
Semi-Detached House
£1,200
04/23
1.09 mi
Lilac Avenue, Walsall, West Midlands, WS5
3
Detached House
£1,000
03/24
1.09 mi
-
3
Terraced House
£2,167
02/24
1.12 mi
-
3
Detached House
£1,200
03/24
1.12 mi
Waddington Avenue, BIRMINGHAM
3
Flat
£3,660
03/23
1.16 mi
Jayshaw Avenue, Birmingham, B43
3
Flat
£1,250
01/24
1.17 mi
-
3
Bungalow
£1,200
03/24
1.17 mi
Jayshaw Avenue, Great Barr
3
Detached House
£950
02/24
1.21 mi
Calshot Road, BIRMINGHAM
3
Flat
£1,250
03/24
1.21 mi
-
3
Semi-Detached House
£1,295
01/24
1.21 mi
Lime Tree Road, Walsall, WS5
3
Detached House
£1,150
02/24
1.21 mi
Beacon Road, Great Barr, Birmingham, West Midlands
3
Detached House
£1,050
02/24
1.22 mi
Calshot Road, Birmingham, West Midlands
3
Detached House
£1,100
02/24
1.22 mi
Calshot Road, Birmingham, West Midlands, B42
3
Detached House
£2,500
03/24
1.23 mi
-
3
Terraced House
Sold prices
£162K - £690K
Sold prices/m²
£1,904/m² - £4,977/m²
Square metres
~93 m²
Price/m²
£1,882/m²
Value estimate
£178,500
End value, after refurb
£269,815
Uplift in value
+54%
Local Sold Prices
50 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£165K
12/20
0.01 mi
8, Merrions Close, Birmingham, West Midlands B43 7AT
£2,292
72
3
Semi-Detached House
£188K
09/22
0.02 mi
31, Merrions Close, Birmingham, West Midlands B43 7AS
-
-
3
Terraced House
£250K
07/21
0.16 mi
299, Birmingham Road, Great Barr, Birmingham, West Midlands B43 7AP
£2,551
98
3
Semi-Detached House
£208K
08/21
0.17 mi
112, Coronation Road, Great Barr, Birmingham, West Midlands B43 7AX
-
-
3
Semi-Detached House
£352K
01/23
0.19 mi
131, Coronation Road, Great Barr, Birmingham, West Midlands B43 7AU
-
-
3
Semi-Detached House
£440K
10/22
0.19 mi
142, Birmingham Road, Great Barr, Birmingham, West Midlands B43 7AG
-
-
3
Detached House
£309.5K
10/20
0.19 mi
150, Birmingham Road, Great Barr, Birmingham, West Midlands B43 7AG
-
-
3
Terraced House
£255K
12/20
0.2 mi
40, Peak House Road, Birmingham, West Midlands B43 7SA
£3,400
75
3
Semi-Detached House
£300K
07/21
0.22 mi
26, Gleneagles Drive, Birmingham, West Midlands B43 7RX
£2,970
101
3
Semi-Detached House
£287.5K
11/21
0.22 mi
22, Gleneagles Drive, Birmingham, West Midlands B43 7RX
-
-
3
Semi-Detached House
£322.5K
08/22
0.29 mi
61, Wilderness Lane, Great Barr, Birmingham, West Midlands B43 7RT
£2,879
112
3
Terraced House
£570K
08/23
0.29 mi
31, Beacon Road, Walsall, West Midlands WS5 3LF
£4,977
115
3
Detached House
£211.5K
09/21
0.34 mi
3, Highland Road, Great Barr, Birmingham, West Midlands B43 7SH
£2,488
85
3
Semi-Detached House
£235K
05/21
0.36 mi
5, Highland Road, Great Barr, Birmingham, West Midlands B43 7SH
£2,901
81
3
Semi-Detached House
£320K
03/23
0.37 mi
8, Sycamore Road, Great Barr, Birmingham, West Midlands B43 7SG
-
-
3
Semi-Detached House
£506K
02/21
0.38 mi
41, Park Road, Walsall, West Midlands WS5 3JU
£3,265
155
3
Detached House
£220K
08/23
0.41 mi
26, Poole House Road, Birmingham, West Midlands B43 7SJ
-
-
3
Semi-Detached House
£247.5K
10/21
0.42 mi
23, Woodland Grove, Great Barr, Birmingham, West Midlands B43 7SY
-
-
3
Semi-Detached House
£225K
06/20
0.42 mi
7, Woodland Grove, Great Barr, Birmingham, West Midlands B43 7SY
£2,711
83
3
Semi-Detached House
£247K
12/20
0.42 mi
6, Woodland Grove, Great Barr, Birmingham, West Midlands B43 7SY
£2,714
91
3
Semi-Detached House
£215K
03/21
0.42 mi
4, Woodland Grove, Great Barr, Birmingham, West Midlands B43 7SY
£2,150
100
3
Semi-Detached House
£230K
12/20
0.42 mi
33, Poole House Road, Birmingham, West Midlands B43 7SL
£2,911
79
3
Semi-Detached House
£245K
04/21
0.44 mi
54, Sycamore Road, Great Barr, Birmingham, West Midlands B43 7SS
-
-
3
Semi-Detached House
£225K
04/23
0.47 mi
7, Anderson Crescent, Great Barr, Birmingham, West Midlands B43 7SU
-
-
3
Semi-Detached House
£237K
03/21
0.47 mi
9, Anderson Crescent, Great Barr, Birmingham, West Midlands B43 7SU
£2,724
87
3
Semi-Detached House
£240K
09/21
0.47 mi
6, Anderson Crescent, Great Barr, Birmingham, West Midlands B43 7SU
-
-
3
Semi-Detached House
£365K
04/21
0.47 mi
34, Woodside Close, Walsall, West Midlands WS5 3LU
-
-
3
Detached House
£315K
06/21
0.48 mi
447, Birmingham Road, Walsall, West Midlands WS5 3JR
-
-
3
Semi-Detached House
£240K
06/21
0.48 mi
435, Birmingham Road, Walsall, West Midlands WS5 3JR
£3,077
78
3
Semi-Detached House
£690K
10/23
0.5 mi
5, Park Road, Walsall, West Midlands WS5 3JT
-
-
3
Detached House
£225K
03/23
0.5 mi
67, Anderson Crescent, Great Barr, Birmingham, West Midlands B43 7ST
-
-
3
Semi-Detached House
£241K
11/21
0.54 mi
40, Burnside Gardens, Walsall, West Midlands WS5 3LB
£3,257
74
3
Terraced House
£220.5K
05/23
0.54 mi
6, Burnside Gardens, Walsall, West Midlands WS5 3LB
£3,021
73
3
Terraced House
£371K
10/20
0.59 mi
22, Calthorpe Close, Walsall, West Midlands WS5 3LT
£2,708
137
3
Detached House
£300K
11/20
0.59 mi
23, Calthorpe Close, Walsall, West Midlands WS5 3LT
£2,564
117
3
Detached House
£197K
11/19
0.6 mi
401, Walstead Road, Walsall, West Midlands WS5 3NS
£2,213
89
3
Semi-Detached House
£190K
05/21
0.6 mi
7, Lochranza Croft, Birmingham, West Midlands B43 7AA
-
-
3
Semi-Detached House
£330K
01/21
0.61 mi
4, Bell Road, Walsall, West Midlands WS5 3JW
-
-
3
Detached House
£170K
12/19
0.61 mi
33, Cypress Road, Walsall, West Midlands WS5 4EB
£2,000
85
3
Semi-Detached House
£179K
07/20
0.61 mi
18, Cypress Road, Walsall, West Midlands WS5 4EB
£1,904
94
3
Terraced House
£307K
11/22
0.61 mi
62, Abbotsford Avenue, Great Barr, Birmingham, West Midlands B43 6HD
-
-
3
Detached House
£220K
06/23
0.61 mi
104, Birchfield Way, Walsall, West Midlands WS5 4EE
£2,588
85
3
Semi-Detached House
£162K
03/21
0.61 mi
89, Birchfield Way, Walsall, West Midlands WS5 4EE
£2,793
58
3
Semi-Detached House
£360K
10/20
0.62 mi
26, Calthorpe Road, Walsall, West Midlands WS5 3LX
£3,000
120
3
Semi-Detached House
£350K
06/21
0.62 mi
35, Calthorpe Road, Walsall, West Midlands WS5 3LY
-
-
3
Terraced House
£450K
10/23
0.62 mi
1, Calthorpe Road, Walsall, West Midlands WS5 3LY
-
-
3
Detached House
£425K
11/23
0.62 mi
15, Calthorpe Road, Walsall, West Midlands WS5 3LY