5 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B30 1AB, £425,000
Middleton Hall Road, Birmingham, B30 1AB - 5 months ago
Sold STC
Refurb/BRRR
Planning
~178 m²
ValuationUndervalued
History
Listed for £425,000
December 8, 2023
Sold for £235,000
2012
Sold for £230,000
2007
Floor Plans
Description
Investment Opportunity +
Four Individual Flats +
Planning Permission for Five Flats +
Great Location +
Close to All Amenities +
Large Rear Garden +
New Roof with 10 Year Guarantee +
* FANTASTIC INVESTMENT OPPORTUNITY!! – CONVERTED HOUSE – FOUR FLATS - NEW ROOF *
A fantastic opportunity to purchase a converted house on a popular road in Cotteridge ideally situated for local amenities and public transport links. The property is split into four flats comprising of x1 two bedrooms flats and x3 one bedroom flats, two of which are tenanted and two are currently vacant. The property will require some modernisation throughout, however makes an exciting investment opportunity for a buyer looking for a project! The property boasts a new roof that has been done within the last month with a ten year guarantee! We have been advised by the vendor, that the purchaser will also acquire the Freehold on the property and there are no service charges or ground rents. Call Oakmans today for more information on this fantastic investment opportunity!
Call us now to view on .
We have been advised by the vendor that the property is Freehold and council tax band A. Please note this information needs verifying via a solicitor and Oakmans estate agents cannot be held responsible.
Agent Details
Oakmans Estate Agents, Birmingham
0121 387 6513
Next Steps?
This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪
Stats
Population in B30
29,537
Population in Birmingham
1,034,821
Town centre distance
4.11 miles away
Nearest school
0.40 miles away
Nearest train station
0.14 miles away
Rental demand
Landlord's market
Rental growth (12m)
-2%
Sales demand
Seller's market
Capital growth (5yrs)
+22%
Sold prices
£216K - £1.0M
Sold prices/m²
£2,160/m² - £6,137/m²
Square metres
~178.28 m²
Price/m²
£2,384/m²
Value estimate
£437,750
BMV
3%
End value, after refurb
£587,424
Uplift in value
+38%
Local Sold Prices
22 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£795K
06/21
0.05 mi
46, Middleton Hall Road, Birmingham, West Midlands B30 1BY
£4,434
179
5
Detached House
£491K
03/21
0.1 mi
54, Station Road, Kings Norton, Birmingham, West Midlands B30 1DA
£3,078
160
5
Semi-Detached House
£390K
11/20
0.1 mi
58, Station Road, Kings Norton, Birmingham, West Midlands B30 1DA
£2,500
156
5
Semi-Detached House
£530K
03/21
0.17 mi
38, Northfield Road, Kings Norton, Birmingham, West Midlands B30 1JH
£3,292
161
5
Detached House
£425K
05/21
0.17 mi
54, Northfield Road, Kings Norton, Birmingham, West Midlands B30 1JH
-
-
5
Terraced House
£389K
04/21
0.27 mi
197, Selly Oak Road, Birmingham, West Midlands B30 1HR
£2,903
134
5
Semi-Detached House
£535K
12/20
0.28 mi
118, Middleton Hall Road, Birmingham, West Midlands B30 1DH
-
-
5
Semi-Detached House
£370K
03/21
0.31 mi
95, Middleton Hall Road, Birmingham, West Midlands B30 1AG
£3,058
121
5
Semi-Detached House
£550K
09/21
0.39 mi
122, Northfield Road, Kings Norton, Birmingham, West Midlands B30 1DX
-
-
5
Semi-Detached House
£675K
12/20
0.47 mi
5, Hawthorne Road, Kings Norton, Birmingham, West Midlands B30 1EE
£3,947
171
5
Terraced House
£550K
10/20
0.62 mi
15, Beaks Hill Road, Birmingham, West Midlands B38 8BJ
£3,143
175
5
Terraced House
£580K
11/20
0.64 mi
254, Mary Vale Road, Birmingham, West Midlands B30 1PJ
£3,694
157
5
Semi-Detached House
£450K
03/20
0.65 mi
52, Grassmoor Road, Birmingham, West Midlands B38 8BU
£3,103
145
5
Detached House
£492.5K
12/19
0.65 mi
71, Grassmoor Road, Birmingham, West Midlands B38 8BU
£3,137
157
5
Detached House
£465K
08/23
0.66 mi
201, Mary Vale Road, Birmingham, West Midlands B30 2DL
-
-
5
Terraced House
£400K
07/23
0.72 mi
56, Rednal Road, Birmingham, West Midlands B38 8DR
-
-
5
Semi-Detached House
£384K
05/23
0.76 mi
46, Dacer Close, Birmingham, West Midlands B30 3BZ
-
-
5
Detached House
£216K
12/20
0.77 mi
54, Lindsworth Road, Kings Norton, Birmingham, West Midlands B30 3RR
£2,160
100
5
Semi-Detached House
£1.0M
01/23
0.85 mi
2, Grange Hill Road, Birmingham, West Midlands B38 8RG
£6,137
168
5
Detached House
£610K
04/21
0.89 mi
98, Rednal Road, Birmingham, West Midlands B38 8DU
£2,906
210
5
Detached House
£382.5K
10/20
0.94 mi
171, Monyhull Hall Road, Birmingham, West Midlands B30 3QN
£2,198
174
5
Detached House
£590K
03/21
0.97 mi
29, Grange Hill Road, Birmingham, West Midlands B38 8RE
£2,823
209
5
Detached House
Investment Opportunity
Cash In
Deposit (25%)
£106,250
Stamp duty & legals
£22,700
Refurb costs
£70,546
Total cash in
£199,496
Cash Out
Monetisation
Rent OutFlip
Rent range
£950 - £3,000
Rent estimate
£1,424
Revaluation
£587,424
New mortgage
£440,568
Cash left in
£82,397
Running costs/mo
£2,140
Cashflow/mo
£-716
Cashflow/yr
£-8,592
Gross yield
4%
Local Rents
51 rents
Rent
Date
Distance
Address
Beds
Type
£1,776
03/24
0.17 mi
£82 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham
5
Terraced House
£1,250
03/24
0.22 mi
Nursery Drive, Birmingham, B30
3
Detached House
£1,750
10/23
0.39 mi
-
4
Detached House
£1,850
03/24
0.5 mi
-
3
Terraced House
£1,850
03/24
0.5 mi
Selly Oak Road, Birmingham, B30
3
Flat
£1,850
03/24
0.5 mi
Selly Oak Road, Birmingham, B30
3
Flat
£1,000
03/24
0.59 mi
The Green, Kings Norton, B38
3
Flat
£1,195
01/24
0.6 mi
-
3
Semi-Detached House
£1,200
02/24
0.62 mi
Beaumont Road, Bournville, B30
3
Flat
£1,650
03/24
0.63 mi
Mary Vale Road, Bournville, Birmingham
4
Terraced House
£1,776
03/24
0.66 mi
£82 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham
5
Terraced House
£1,300
02/24
0.69 mi
Bunbury Road, Birmingham, B31
3
Flat
£3,000
10/23
0.72 mi
Rednal Road, Birmingham, B38
5
Flat
£1,100
11/23
0.72 mi
-
3
Terraced House
£1,100
11/23
0.72 mi
-
3
Terraced House
£1,200
03/24
0.73 mi
Masshouse Lane, Kings Norton, B38
3
Flat
£1,416
02/24
0.75 mi
Pershore Road, Stirchley, Birmingham
3
Flat
£950
03/24
0.76 mi
Marjorie Avenue, B30
3
Detached House
£1,600
01/24
0.84 mi
-
3
Semi-Detached House
£1,506
03/24
0.84 mi
Charlotte Road, Stirchley, Birmingham
3
Flat
£1,025
03/24
0.87 mi
Monyhull Hall Road, BIRMINGHAM
3
Flat
£1,025
03/24
0.87 mi
Monyhull Hall Road, Kings Norton, B30
3
Flat
£1,025
03/24
0.87 mi
Monyhull Hall Road, BIRMINGHAM
3
Flat
£1,100
12/23
0.89 mi
-
3
Terraced House
£1,250
02/24
0.9 mi
-
3
Terraced House
£1,250
02/24
0.91 mi
-
3
Semi-Detached House
£1,250
01/24
0.91 mi
Shrawley Avenue, Birmingham, B31
3
Detached House
£1,250
03/24
0.92 mi
Allens Croft Road, Kings Heath
3
Flat
£995
03/24
0.92 mi
Ardath Road, Kings Norton, Birmingham, West Midlands, B38
3
Terraced House
£1,100
02/24
0.94 mi
Southwold Avenue, Kings Norton, Birmingham, West Midlands, B30