4 Bed Terraced House, Refurb/BRRR, Birmingham, B29 7QQ, £240,000

Cecil Road, B29 7QQ - 58 views - 10 months ago

Sold STC
Refurb/BRRR
~129 m²
+3 photos

ValuationFair Value

Sold Prices£125K - £900K
Sold Prices/m²£1.7K/m² - £6.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£242,400

 

 

End Value (After Refurb)

£376,411

Uplift in Value

+57%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£51,196

Bridging Loan Interest

£6,300

Total Cash In

£127,646

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£376,411

Agent Fees (1%)

£3,764

Bridging Loan

£180,000

Bridging Loan Interest

£6,300

Flip Profit

£65,001

Local Sold Prices

50 sold prices from £125K to £900K, average is £403.3K. £1.7K/m² to £6.3K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£125K07/210.24 mi26, Wallace Road, Selly Park, Birmingham, West Midlands B29 7ND4
£580K12/200.25 mi841, Pershore Road, Selly Park, Birmingham, West Midlands B29 7LR4
£750K11/220.3 mi63, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH4
£465K11/200.3 mi231, Moor Green Lane, Birmingham, West Midlands B13 8QL4
£159.3K11/200.33 mi32, St Stephens Road, Selly Oak, Birmingham, West Midlands B29 7RP4
£590K06/210.34 mi36, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£498K01/210.34 mi68, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£575K02/210.34 mi28, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£562K06/210.34 mi40, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ4
£740K04/230.36 mi21, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QH4
£239K01/230.36 mi23, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£210K02/210.36 mi20, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£252K01/230.36 mi11, Ten Acre Mews, Birmingham, West Midlands B30 2BF4
£410K02/210.39 mi59, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£428K02/220.39 mi39, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ4
£410K10/210.41 mi38, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JH4
£563K06/210.45 mi32, Over Mill Drive, Selly Park, Birmingham, West Midlands B29 7JL4
£900K05/220.45 mi93, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH4
£180K11/210.46 mi17, Windrush Grove, Birmingham, West Midlands B29 7SU4
£387K02/230.47 mi23, Holders Gardens, Birmingham, West Midlands B13 8NW4
£450K05/230.52 mi68, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JB4
£378K12/220.54 mi42, Holders Lane, Birmingham, West Midlands B13 8NL4
£325K03/210.54 mi73, Avenue Road, Kings Heath, Birmingham, West Midlands B14 7TG4
£215K02/210.56 mi6, Ripple Road, Birmingham, West Midlands B30 2RB4
£325K04/210.57 mi42, Holders Lane, Birmingham, West Midlands B13 8NL4
£380K02/210.59 mi55, Goodby Road, Birmingham, West Midlands B13 8RP4
£404.5K06/210.6 mi12, Mapperley Gardens, Birmingham, West Midlands B13 8RN4
£375K04/210.6 mi139, Highbury Road, Birmingham, West Midlands B14 7QP4
£330K01/210.65 mi26, Lewis Road, Birmingham, West Midlands B30 2SX4
£440K06/210.67 mi179, Pineapple Road, Birmingham, West Midlands B30 2SY4
£620K04/230.68 mi36, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU4
£400.5K01/210.69 mi156, Grange Road, Kings Heath, Birmingham, West Midlands B14 7RR4
£385K06/210.69 mi36, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£405.5K06/210.69 mi64, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£445K02/210.7 mi218, Pineapple Road, Birmingham, West Midlands B30 2TY4
£402K12/220.7 mi62, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£405K10/220.71 mi50, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER4
£192.5K01/230.72 mi62, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£178K04/230.72 mi64, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ4
£760K08/220.75 mi134, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED4
£460K03/230.76 mi38, Station Road, Kings Heath, Birmingham, West Midlands B14 7SR4
£315K01/210.77 mi73, York Road, Kings Heath, Birmingham, West Midlands B14 7RY4
£330K11/200.77 mi3, Highbury Road, Birmingham, West Midlands B14 7QN4
£690K02/210.78 mi33, Moor Green Lane, Birmingham, West Midlands B13 8NE4
£676K08/230.8 mi340, Bristol Road, Birmingham, West Midlands B5 7SN4
£705K11/220.8 mi322, Bristol Road, Birmingham, West Midlands B5 7SN4
£260K09/210.8 mi17, Regent Street, Stirchley, Birmingham, West Midlands B30 2LG4
£315K03/230.82 mi303, Vicarage Road, Kings Heath, Birmingham, West Midlands B14 7NN4
£378K01/210.82 mi91a, Moorcroft Road, Birmingham, West Midlands B13 8LS4
£270K02/210.84 mi57, Bournville Lane, Birmingham, West Midlands B30 2LP4

Local Rents

50 rents from £412/mo to £7.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,86312/240.09 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,36512/240.1 miDogpool Lane - ensuite student property3
£1,86312/240.11 miManilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,20012/240.12 miKitchener Road, Selly Park, Birmingham3
£1,20002/240.13 mi-3
£1,09504/240.13 mi-3
£1,09512/240.13 mi-3
£1,09512/240.13 miKitchener Road, Selly Park, Birmingham, B293
£1,30004/250.13 mi-3
£1,77612/240.14 miManilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 miManilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,77612/240.14 miManilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 miManilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,77612/240.14 miManilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,86312/240.14 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,77612/240.14 mi£82 PPPW Manilla Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.14 mi£86 PPPW Manilla Rd, Selly Oak. 15mins walk to University of Birmingham5
£1,86312/240.15 mi£86 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£7,20004/250.15 mi-8
£1,86312/240.15 mi£86 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77512/240.15 miPershore Road, Selly Park, Birmingham5
£2,31512/240.19 miPershore Road, Selly Park, Birmingham5
£2,42512/240.21 miPershore Road, Selly Park, Birmingham5
£1,75003/250.21 miDerwent Grove, Birmingham, West Midlands, B304
£99512/240.21 miPershore Road, Selly Oak3
£1,59212/240.22 miPershore Road, Selly Park, Birmingham4
£41212/240.22 mi**£95 P.P.P.W ** Birmingham, B297
£1,77612/240.23 miPershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.23 miPershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.23 mi£86 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.23 mi£82 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.23 mi£86 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.23 mi£82 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.23 mi£86 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.23 mi£82 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.23 mi£86 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,77612/240.23 mi£82 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5
£1,86312/240.23 mi£86 PPPW Pershore Rd, Selly Oak. 20mins walk to University of Birmingham5

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £240,000

June 14, 2024

Sold for £105,000

2013

Sold for £130,000

2007

Sold for £99,500

2002

Description

  • Tenanted until December 2024 +

Discover the potential of this spacious 4-bedroom terraced house, ideally located in the desirable Selly Park area. This property is in need of internal renovation, offering a fantastic opportunity for investors and families alike to create their dream home or a lucrative investment property.

Four Generously Sized Bedrooms: Ample space for a growing family or multiple tenants, providing flexibility in room usage.
Expansive Garden: A large garden perfect for outdoor activities, gardening enthusiasts, or future landscaping projects.
Garage with Restoration Potential: An existing garage that could be restored to its former glory, providing secure parking or additional storage space.
Canal Backing: Enjoy serene views and the tranquil ambiance of having the canal right at your backyard, perfect for peaceful walks and leisure activities.

Investment Potential:
Current Tenancy Until December 2024: The property is currently tenanted, generating a gross annual rent of £14,768.
Renovation Opportunity: With internal upgrades and modern touches, we anticipate a significant increase in rental income.
No C4 Status: Please note, this property does not have C4 status, which means it is not classified as a House in Multiple Occupation (HMO).

Council tax band B

Location Benefits:
Selly Park is a sought-after location, known for its excellent local amenities, schools, and convenient transport links. The area provides easy access to the vibrant city life of Birmingham.
Whether you’re looking to invest in a property with strong rental potential or create a family home, this house in Selly Park is brimming with possibilities.

**Council Tax band B **

Agent Details

PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham

020 3514 1592

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪