3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B43 7EX, £250,000

276 Queslett Road, Great Barr, Birmingham, B43 7EX - 5 views - 10 months ago

Sold STC
Refurb/BRRR
ROI: 4%
74 m²
+22 photos

ValuationOvervalued

Sold Prices£168.5K - £340K
Sold Prices/m²£2K/m² - £4.3K/m²

 

 

Square Metres

74 m²
Price/m²£3.4K/m²

Value Estimate

£190,774

 

 

End Value (After Refurb)

£240,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£29,282

Bridging Loan Interest

£6,563

Total Cash In

£108,794

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£240,000

Mortgage (After Refinance)

£180,000

Mortgage LTV

75%

Cash Left In

£108,794

Equity

£60,000

Rent Range

£1,100 - £2,500

Rent Estimate

£1,360

Running Costs/mo

£1,042

Cashflow/mo

£318

Cashflow/yr

£3,816

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £168.5K to £340K, average is £238K. £2K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£260K07/230 mi292, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£198.5K12/200 mi252, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£245K08/220.05 mi36, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£185K01/210.05 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£255K07/210.05 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£265K05/230.1 mi14, Ivanhoe Road, Birmingham, West Midlands B43 7QU3
£210K12/200.12 mi7, Foxwood Avenue, Birmingham, West Midlands B43 7QX3
£321K06/230.14 mi18, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£207K04/230.14 mi14, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£245K09/230.15 mi35, Stonehurst Road, Birmingham, West Midlands B43 7RA3
£300K08/220.15 mi19, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£220K02/230.19 mi16, Pinley Grove, Birmingham, West Midlands B43 7RB3
£275K02/210.19 mi86, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BW3
£180K02/210.2 mi11, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BT3
£240K03/210.21 mi113, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£295K08/230.21 mi51, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£275K03/230.21 mi49, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£230K01/230.21 mi4, Cotman Close, Birmingham, West Midlands B43 7HR3
£310K08/230.21 mi62, Park Farm Road, Birmingham, West Midlands B43 7QH3
£276K10/230.21 mi94, Park Farm Road, Birmingham, West Midlands B43 7QH3
£327.5K01/230.22 mi70, Park Farm Road, Birmingham, West Midlands B43 7QH3
£182K06/210.23 mi6, Hillingford Avenue, Birmingham, West Midlands B43 7HS3
£235.5K08/210.24 mi24, Selvey Avenue, Birmingham, West Midlands B43 7RE3
£240K07/230.24 mi26, Greenaway Close, Birmingham, West Midlands B43 7HT3
£265K10/210.25 mi21, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£248K03/210.25 mi70, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£340K04/230.25 mi32, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£290K12/220.26 mi82, Nether Hall Avenue, Birmingham, West Midlands B43 7ET3
£175K12/200.26 mi50, Ringinglow Road, Birmingham, West Midlands B44 9BL3
£257K06/230.27 mi287, Queslett Road, Great Barr, Birmingham, West Midlands B43 7HB3
£233K02/230.27 mi299, Queslett Road, Great Barr, Birmingham, West Midlands B43 7HB3
£200K09/210.27 mi21, Drummond Grove, Birmingham, West Midlands B43 7BU3
£270K08/230.28 mi20, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£200K03/210.28 mi21, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£191K09/210.28 mi11, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£275K11/220.3 mi15, Comsey Road, Birmingham, West Midlands B43 7RG3
£168.5K10/200.3 mi170, Tyndale Crescent, Birmingham, West Midlands B43 7HU3
£250K06/230.31 mi82, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£200.3K04/210.31 mi134, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£182K05/230.31 mi567, Queslett Road, Great Barr, Birmingham, West Midlands B43 7ER3
£270K03/230.31 mi114, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£220K05/230.31 mi196, Tyndale Crescent, Birmingham, West Midlands B43 7HU3
£173K11/200.32 mi122, Brackenfield Road, Birmingham, West Midlands B44 9BH3
£203.5K07/230.32 mi66, Brackenfield Road, Birmingham, West Midlands B44 9BH3
£243K12/220.32 mi72, Ringinglow Road, Birmingham, West Midlands B44 9BN3
£191.5K01/210.32 mi41, Brackenfield Road, Birmingham, West Midlands B44 9BG3
£168.5K02/210.32 mi39, Brackenfield Road, Birmingham, West Midlands B44 9BG3
£236K04/210.33 mi37, Park Farm Road, Birmingham, West Midlands B43 7QQ3
£200K01/210.33 mi195, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£185K02/210.33 mi123, Tyndale Crescent, Birmingham, West Midlands B43 7HX3

Local Rents

21 rents from £1.1K/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,29512/240.08 mi-3
£1,29512/240.08 mi-3
£1,19512/240.2 miBeacon Road, Great Barr, Birmingham, B433
£1,19512/240.2 miBeacon Road, Great Barr, Birmingham, B433
£1,15012/240.26 miNetherhall Avenue, Great Barr. B43 7ET3
£1,15012/240.28 miBeacon Road, Great Barr, Birmingham, West Midlands3
£2,16702/240.32 mi-3
£1,45011/240.33 mi-3
£1,10012/240.35 miBrackenfield Road, Great Barr, Birmingham, West Midlands, B443
£1,10012/240.37 miQueslett Road, Birmingham3
£1,10012/240.37 miQueslett Road, Birmingham3
£2,50003/240.37 mi-3
£1,20004/250.48 mi-3
£1,20012/240.48 miTyndale Crescent, BIRMINGHAM3
£1,30002/250.5 mi-3
£1,45001/250.51 mi-3
£1,55001/250.51 mi-3
£1,24509/230.52 mi-3
£1,20012/240.62 mi-3
£1,20002/250.62 mi-3
£1,20004/250.62 mi-3

Local Area Statistics

Population in B43

28,796

Population in Birmingham

1,034,821

Town centre distance

6.21 miles away

Nearest school

0.50 miles away

Nearest train station

1.68 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £250,000

July 12, 2024

Floor Plans

Description

  • SEMI DETACHED FAMILY HOME +
  • THREE BEDROOMS +
  • LOUNGE +
  • SUN ROOM +
  • PRIVATE GARDEN +
  • OFF ROAD PARKING +
  • GARAGE +
  • POTENTIAL TO EXTEND +
  • NO UPWARD CHAIN +

Paul Carr Estate Agents are excited to bring to the market this three-bedroom family home located on the popular park farm estate. Situated on the Queslett Road you are within close distance to local shops, amenities, ASDA supermarket, and links to the M6 Motorway.
Approached via a block paved driveway and integral garage having the potential for usage as an additional room subject to necessary planning. Entering through a secure porch the ground floor living space offers a well sized entrance hall, large lounge with a central fireplace and sliding doors leading to the sunroom being of a conservatory style construction with door leading to the rear garden and currently being used as a dining room.
The kitchen has an array of wall and base units, plentiful countertop space, a tiled splash back, hob with above extractor and oven finished with a sink and side drainer, a door leads you to the side passageway providing access to the front and rear of the property.
To the first floor you are presented with three bedrooms, two of which are good sized double rooms and then a smaller but still generously sized third bedroom. The family shower room consists of a shower cubicle and hand wash unit with a separate W.C.
Externally, the home has a good sized private rear garden with fencing to the perimeter the property offers further potential to extend and allows the buyer to do their own modernisation throughout. Viewing highly recommended.

Agent Details

Paul Carr, Great Barr

0121 387 6492

Next Steps?

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