3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B9 5NU, £225,000

176 Churchill Road, Birmingham, West Midlands, B9 5NU - 9 views - a year ago

Sold STC
Refurb/BRRR
ROI: 3%
~112 m²
+8 photos

ValuationFair Value

Sold Prices£60K - £240K
Sold Prices/m²£571/m² - £2.8K/m²

 

 

Square Metres

~111.60 m²
Price/m²£2K/m²

Value Estimate

£220,614

 

 

End Value (After Refurb)

£223,200

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£8,250

Refurb Costs

£44,160

Bridging Loan Interest

£5,906

Total Cash In

£116,316

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£223,200

Mortgage (After Refinance)

£167,400

Mortgage LTV

75%

Cash Left In

£116,316

Equity

£55,800

Rent Range

£990 - £1,600

Rent Estimate

£1,259

Running Costs/mo

£969

Cashflow/mo

£290

Cashflow/yr

£3,476

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £60K to £240K, average is £152.5K. £571/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£240K08/220.04 mi115, Churchill Road, Birmingham, West Midlands B9 5NX3
£152K03/210.05 mi189, Colonial Road, Bordesley Green, Birmingham, West Midlands B9 5NP3
£159.3K11/200.1 mi123, Botha Road, Bordesley Green, Birmingham, West Midlands B9 5LR3
£140K03/210.11 mi20, Lupin Grove, Birmingham, West Midlands B9 5HN3
£150K09/220.17 mi32, Whitacre Road, Bordesley Green, Birmingham, West Midlands B9 5NL3
£145K12/220.18 mi25, Churchill Road, Birmingham, West Midlands B9 5NY3
£135K01/210.18 mi144, Pretoria Road, Birmingham, West Midlands B9 5LQ3
£82K07/220.2 mi11, Springbank, Birmingham, West Midlands B9 5FN3
£147K02/220.21 mi47, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£200K06/230.22 mi12, Underhill Road, Birmingham, West Midlands B8 3AH3
£150K10/220.22 mi61, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£162.5K10/200.23 mi126, Fordrough Lane, Bordesley Green, Birmingham, West Midlands B9 5LB3
£89K10/200.23 mi412, Bordesley Green, Birmingham, West Midlands B9 5NE3
£135K08/220.25 mi423, Bordesley Green, Birmingham, West Midlands B9 5RE3
£184K11/220.25 mi396, Bordesley Green, Birmingham, West Midlands B9 5ND3
£215K12/220.25 mi392, Bordesley Green, Birmingham, West Midlands B9 5ND3
£160K01/210.26 mi531, Bordesley Green, Birmingham, West Midlands B9 5XH3
£180K10/220.3 mi303, Cherrywood Road, Bordesley Green, Birmingham, West Midlands B9 4XB3
£120K06/230.3 mi319, Cherrywood Road, Bordesley Green, Birmingham, West Midlands B9 4XB3
£200.5K03/230.31 mi17, Alderson Road, Saltley, Birmingham, West Midlands B8 3BP3
£153K01/210.31 mi24, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£125K08/220.31 mi2, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£133.5K02/210.31 mi28, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£134K01/210.31 mi96, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£116.3K05/220.32 mi93, Maybank, Bordesley Green, Birmingham, West Midlands B9 5FF3
£100K05/230.32 mi14, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RD3
£145K10/210.32 mi83, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£145K12/200.32 mi95, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£167.5K10/210.33 mi20, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£150K04/230.33 mi78, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£170K12/200.33 mi31, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£195K04/210.33 mi23, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£170K12/200.33 mi31, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX3
£200K01/210.34 mi563, Bordesley Green, Birmingham, West Midlands B9 5XY3
£165K11/200.35 mi11a, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QT3
£60K04/230.35 mi94, Fernhurst Road, Alum Rock, Birmingham, West Midlands B8 3EQ3
£135.3K01/210.37 mi12, Ludlow Road, Birmingham, West Midlands B8 3BY3
£185K02/210.37 mi64, Drummond Road, Bordesley Green, Birmingham, West Midlands B9 5XL3
£160K04/210.37 mi23, Fernhurst Road, Alum Rock, Birmingham, West Midlands B8 3EG3
£197K05/230.38 mi31, Bordesley Close, Birmingham, West Midlands B9 5LX3
£194K08/230.38 mi23, Bordesley Close, Birmingham, West Midlands B9 5LX3
£140K08/210.38 mi130, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RL3
£180K08/220.39 mi95, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RN3
£185K12/220.39 mi26, Ludlow Road, Birmingham, West Midlands B8 3BY3
£161K05/210.4 mi2a, Parkfield Road, Alum Rock, Birmingham, West Midlands B8 3AU3
£135K11/200.42 mi17, Parkfield Road, Alum Rock, Birmingham, West Midlands B8 3AT3
£210K05/210.42 mi15, Finnemore Road, Bordesley Green, Birmingham, West Midlands B9 5XN3
£228K06/210.45 mi509, Belchers Lane, Bordesley Green, Birmingham, West Midlands B9 5XR3
£130K08/210.45 mi428, Alum Rock Road, Birmingham, West Midlands B8 3HT3
£130K08/220.45 mi4, Adderley Park Close, Saltley, Birmingham, West Midlands B8 1TB3

Local Rents

15 rents from £990/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.13 mi-3
£1,10004/250.13 mi-3
£1,40012/240.28 mi-3
£1,40001/250.28 mi-3
£1,30003/250.29 mi-3
£1,20004/250.4 mi-3
£99012/230.4 mi-3
£1,20001/250.45 mi-3
£1,15004/250.47 mi-3
£1,40012/240.5 mi-3
£1,60012/240.51 miBelchers Lane, Birmingham, B93
£1,15011/240.54 mi-3
£1,30012/240.55 mi-3
£1,20004/250.6 mi-3
£1,25012/240.61 miBordesley Green East, Bordesley Green, B93

Local Area Statistics

Population in B9

24,915

Population in Birmingham

1,034,821

Town centre distance

1.91 miles away

Nearest school

0.30 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Price changed to £225,000

December 4, 2024

Listed for £235,000

December 21, 2023

Sold for £67,000

2001

Floor Plans

Description

  • Semi-Detached +
  • Set-Back +
  • Off-Road Parking for multiple vechiles +
  • Side Access to Rear Garage +
  • Huge further Potential (stpp) +
  • Ideal Family Home +
  • Gas Central Heating +
  • Chain Free +

KLARICO Estate Agents are delighted to present this semi-detached p[property located within a sought after street in Birmingham. A set back property from the street offering off-road parking for multiple vehicles along with side access to a rear garage.

The property is currently in need of some modernising and has the scope to become a stunning family home. The ground floor provides a spacious lounge with access into a kitchen/diner area. The first floor provides 3 spacious bedrooms along with a family bathroom. Within the local proximity can be found a number of good schools and nurseries along with easy access to public transport links including rail and bus.

This property sits approx 3 miles from Birmingham City Centre.

Lounge - 9.40m x 4.30m (30'10" x 14'1") - Double glazed window to front, wood flooring, ceiling and wall lights, wall mounted radiator

Kitchen - 5.00m x 2.50m (16'4" x 8'2") - Double glazed window to rear, ceiling spotlights, worktop, drainer sink with mixer tap, integrated gas cooker, storage cupboards, integrated double oven

Bedroom 1 - 4.30m x 2.90m (14'1" x 9'6") - Double glazed window, carpet, ceiling light, wall mounted radiator

Bedroom 2 - 3.70m x 2.90m (12'1" x 9'6") - Double glazed window, carpet, ceiling light, wall mounted radiator

Bedroom 3 - 2.70m x 2.30m (8'10" x 7'6") - Double glazed window, carpet, ceiling light, wall mounted radiator

Bathroom - 4.20m x 2.30m (13'9" x 7'6") - Privacy double glazed window to rear, tiled flooring, heated towel rail, bath with shower unit, wall mounted radiator ceiling light

Rear Garden - Patio, laid lawn, fence panels to boundaries

Garage - Side access to garage

Agent Details

Manny Klarico, Hall Green

0121 387 6544

Next Steps?

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