3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B24 9NH, £170,000

Kingsbury Road, Erdington, Birmingham, B24 9NH - a year ago

Sold STC
Cash
Refurb/BRRR
ROI: 4%
~93 m²
+24 photos

ValuationFair Value

Sold Prices£86K - £310K
Sold Prices/m²£1.4K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£173,400

 

 

End Value (After Refurb)

£222,236

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Refurb Costs

£36,800

Bridging Loan Interest

£4,463

Total Cash In

£96,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,236

Mortgage (After Refinance)

£166,677

Mortgage LTV

75%

Cash Released

£39,177

Cash Left In

£56,936

Equity

£55,559

Rent Range

£995 - £3,350

Rent Estimate

£1,303

Running Costs/mo

£975

Cashflow/mo

£328

Cashflow/yr

£3,935

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £86K to £310K, average is £203.5K. £1.4K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£238K06/210.05 mi450, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NQ3
£170K07/210.09 mi46, Birches Green Road, Birmingham, West Midlands B24 9SR3
£114K09/230.09 mi46, Birches Green Road, Birmingham, West Midlands B24 9SR3
£147K03/210.11 mi52, Firtree Road, Birmingham, West Midlands B24 9SH3
£225K11/210.11 mi13, Firtree Road, Birmingham, West Midlands B24 9SH3
£160K02/210.11 mi32, Firtree Road, Birmingham, West Midlands B24 9SH3
£156.5K02/210.12 mi14, Shipley Fields, Birmingham, West Midlands B24 9BW3
£310K11/210.14 mi409, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£202K09/230.14 mi407, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£176K10/210.16 mi515, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NJ3
£202K05/230.16 mi537, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NJ3
£160K12/200.16 mi37, Spring Lane, Birmingham, West Midlands B24 9BP3
£200K02/210.16 mi7a, Spring Lane, Birmingham, West Midlands B24 9BP3
£192.5K01/230.17 mi71, Round Road, Birmingham, West Midlands B24 9QY3
£187K07/210.17 mi34, Ismere Road, Birmingham, West Midlands B24 9SX3
£220K04/230.17 mi36, Ismere Road, Erdington, Birmingham, West Midlands B24 9SX3
£215K12/200.19 mi43, Tolworth Hall Road, Birmingham, West Midlands B24 9NE3
£245K02/210.19 mi10, Tolworth Hall Road, Birmingham, West Midlands B24 9NE3
£190K02/230.21 mi168, Round Road, Birmingham, West Midlands B24 9SN3
£139K07/210.22 mi14, Bisley Grove, Birmingham, West Midlands B24 9RD3
£178.5K03/210.22 mi11, Bracken Road, Birmingham, West Midlands B24 9NL3
£86K05/230.25 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3
£220.5K07/230.25 mi32, Quincey Drive, Erdington, Birmingham, West Midlands B24 9LX3
£250K05/210.26 mi56, Berkswell Road, Birmingham, West Midlands B24 9ED3
£136.6K02/210.26 mi139, Church Road, Erdington, Birmingham, West Midlands B24 9BG3
£140K12/200.26 mi10, Spruce Grove, Birmingham, West Midlands B24 9TB3
£267.5K11/200.26 mi53, Berkswell Road, Birmingham, West Midlands B24 9ED3
£210K12/220.26 mi577, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NP3
£250K04/230.28 mi26, Berkswell Road, Birmingham, West Midlands B24 9EE3
£190K01/210.3 mi790, Tyburn Road, Birmingham, West Midlands B24 9NU3
£230K04/210.31 mi7, Ewell Road, Birmingham, West Midlands B24 9EB3
£240K02/210.31 mi10, Ewell Road, Birmingham, West Midlands B24 9EB3
£190K09/230.31 mi623, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£155K06/210.31 mi607, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£182.5K04/210.31 mi599, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£220K01/230.31 mi631, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3
£160.5K08/210.32 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£270K12/200.32 mi8, Berkswell Road, Birmingham, West Midlands B24 9DT3
£209K03/210.33 mi22, Allman Road, Birmingham, West Midlands B24 9DY3
£205K03/210.33 mi4, Allman Road, Birmingham, West Midlands B24 9DY3
£240K05/210.33 mi18, Allman Road, Birmingham, West Midlands B24 9DY3
£245K03/210.33 mi2, Sandon Grove, Birmingham, West Midlands B24 9DQ3
£171K09/230.34 mi83, Fern Road, Birmingham, West Midlands B24 9DA3
£135K06/230.34 mi13, Fern Road, Birmingham, West Midlands B24 9DA3
£225K06/210.35 mi567, Holly Lane, Erdington, Birmingham, West Midlands B24 9LU3
£220K06/210.35 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£232K12/200.35 mi16, Ayre Road, Birmingham, West Midlands B24 9DU3
£280K05/230.35 mi27, Ayre Road, Birmingham, West Midlands B24 9DU3
£215K01/230.36 mi50, Fern Road, Birmingham, West Midlands B24 9DB3
£247.5K10/220.36 mi34, Fern Road, Birmingham, West Midlands B24 9DB3

Local Rents

30 rents from £995/mo to £3.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10003/240.19 mi-3
£1,15004/250.19 mi-3
£1,10012/240.19 miSummerlee Road, Birmingham, B243
£1,20012/240.25 miKingsbury Road, Erdington, BIRMINGHAM3
£1,20002/250.27 mi-3
£3,35002/240.27 mi-3
£1,50009/240.3 mi-3
£1,27503/250.31 mi-3
£99512/240.37 miTyburn Road, Birmingham3
£1,20012/240.37 mi-3
£1,00012/240.41 miMoor End Lane, BIRMINGHAM3
£1,25012/240.44 miHolly Lane, Erdington, BIRMINGHAM3
£1,20004/250.47 mi-3
£1,15012/240.47 miEdwards Road, Erdington. B24 9HB3
£1,10012/240.49 miEdwards Road, Birmingham, West Midlands, B243
£1,30012/240.49 mi-3
£1,30012/240.49 miHollydale Road, BIRMINGHAM3
£1,30012/240.49 miHollydale Road, BIRMINGHAM3
£1,30012/240.5 miHollydale Road, Birmingham, West Midlands3
£1,25012/240.5 mi-3
£1,15002/240.51 mi-3
£1,05001/240.54 mi-3
£1,20012/240.54 miWestmead Crescent, Birmingham3
£1,48012/240.57 miEdwards Road, BIRMINGHAM3
£1,40003/240.57 mi-3
£1,40012/240.57 miNewman Road, Birmingham, B243
£1,20002/250.57 mi-3
£1,29512/240.6 mi-3
£1,29512/240.6 miPaget Road, Birmingham, B243
£1,40002/250.61 mi-3

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

4.24 miles away

Nearest school

0.10 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £170,000

May 22, 2024

Floor Plans

Description

  • RENOVATION PROJECT +
  • Three bedrooms +
  • Two reception rooms +
  • Kitchen +
  • Ground floor bathroom & WC +
  • Double glazing +
  • Modern central heating +
  • Gardens +
  • NO UPWARD CHAIN +
  • EPC rating D +

CASH BUYERS PREFERRED DUE TO PROPERTY CONDITION A three bedroom semi-detached family home requiring major renovation beyond modern double glazing and modern central heating. Property is set back from the main carriageway and offers a great opportunity to improve/develop to your own preferred design, subject to required permissions. Popular location for access to local schools, amenities and transport links. Birches Green Primary School just 200m/0.1 miles and SS Peter and Paul Catholic Primary School 400m/0.2 miles. Multi-directional commuter routes at Tyburn Road/Kingsbury Road intersection plus many shops, bus connections and services around 750m/0.5 miles. M6 Motorway Junction 6/A38 (M) Aston Expressway 2.6km/1.6 miles by vehicle. Erdington Cross City Line Railway Station 1.8km/1.1 miles. Council Tax Band B. Tenure: Freehold.

Descriptions, floor plans, measurements and photographs of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquiries to ensure that our descriptions, floor plans, measurements and photographs are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection and by your surveyor and conveyancer. Measurements supplied are for general guidance only and as such should be considered as incorrect. Tenure must be confirmed via solicitors. ALL IMAGES ARE PROPERTY OF WALLER & FARNWORTH LTD.

Agent Details

Waller & Farnworth, Birmingham

0121 387 6585

Next Steps?

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