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3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B32 2RG, £220,000

Mayswood Grove, Quinton, Birmingham, West Midlands, B32 2RG - 9 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~101 m²
+9 photos

ValuationFair Value

Sold Prices£100K - £368K
Sold Prices/m²£1.1K/m² - £4.8K/m²

 

 

Square Metres

~100.60 m²
Price/m²£2.2K/m²

Value Estimate

£222,200

 

 

End Value (After Refurb)

£239,894

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£39,807

Bridging Loan Interest

£5,775

Total Cash In

£114,532

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£239,894

Mortgage (After Refinance)

£179,921

Mortgage LTV

75%

Cash Released

£14,921

Cash Left In

£99,611

Equity

£59,974

Rent Range

£800 - £3,500

Rent Estimate

£1,419

Running Costs/mo

£1,053

Cashflow/mo

£366

Cashflow/yr

£4,386

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £100K to £368K, average is £203.8K. £1.1K/m² to £4.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£198K11/200 mi95, Mayswood Grove, Birmingham, West Midlands B32 2RG3
£263K08/230.07 mi176, Quinton Road West, Quinton, Birmingham, West Midlands B32 2RL3
£166K03/210.07 mi202, Quinton Road West, Birmingham, West Midlands B32 2RL3
£202.5K07/230.1 mi36, Mayswood Grove, Quinton, Birmingham, West Midlands B32 2RQ3
£260K01/230.1 mi175, Quinton Road West, Quinton, Birmingham, West Midlands B32 2RJ3
£130K10/200.12 mi339, Simmons Drive, Birmingham, West Midlands B32 2UH3
£128.3K10/200.12 mi159, Simmons Drive, Quinton, Birmingham, West Midlands B32 1SP3
£135K07/240.13 mi63, Middle Leasow, Quinton, Birmingham, West Midlands B32 1SN3
£150K09/210.14 mi68, Edison Grove, Birmingham, West Midlands B32 2SQ3
£195K05/230.15 mi113, Quinton Road West, Quinton, Birmingham, West Midlands B32 2RE3
£250K01/230.15 mi109, Quinton Road West, Quinton, Birmingham, West Midlands B32 2RE3
£210K10/200.16 mi10, Brookmans Avenue, Quinton, Birmingham, West Midlands B32 2SL3
£240K01/240.19 mi32, Fleming Road, Quinton, Birmingham, West Midlands B32 1ND3
£160K01/210.2 mi30, Gorsy Road, Quinton, Birmingham, West Midlands B32 2SH3
£270K10/230.22 mi14, Pinner Grove, Quinton, Birmingham, West Midlands B32 2RB3
£180K11/220.22 mi48, Lower Higley Close, Quinton, Birmingham, West Midlands B32 2QH3
£175K01/210.23 mi256, Quinton Road West, Birmingham, West Midlands B32 1LY3
£150K05/210.24 mi7, Rennie Grove, Quinton, Birmingham, West Midlands B32 2SE3
£140K01/210.24 mi347, Highfield Lane, Quinton, Birmingham, West Midlands B32 1RX3
£250K10/230.25 mi200, Overdale Road, Quinton, Birmingham, West Midlands B32 2RD3
£235K02/240.25 mi204, Overdale Road, Quinton, Birmingham, West Midlands B32 2RD3
£167K04/210.26 mi27, Faraday Avenue, Birmingham, West Midlands B32 1LU3
£170K02/210.27 mi221, Worlds End Lane, Birmingham, West Midlands B32 2RX3
£180K07/210.28 mi268, Worlds End Lane, Birmingham, West Midlands B32 2SN3
£205K06/230.28 mi266, Worlds End Lane, Quinton, Birmingham, West Midlands B32 2SN3
£241K06/240.28 mi254, Worlds End Lane, Quinton, Birmingham, West Midlands B32 2SN3
£181K02/240.28 mi191, Overdale Road, Quinton, Birmingham, West Midlands B32 2QY3
£180K10/200.29 mi312, Worlds End Lane, Birmingham, West Midlands B32 2SB3
£240K01/230.29 mi320, Worlds End Lane, Quinton, Birmingham, West Midlands B32 2SB3
£141K12/200.29 mi31, Quinton Road West, Quinton, Birmingham, West Midlands B32 2QB3
£295K12/230.29 mi67, Quinton Road West, Quinton, Birmingham, West Midlands B32 2QB3
£133K10/200.3 mi36, Four Acres, Birmingham, West Midlands B32 1RZ3
£212K10/210.31 mi25, Wedgewood Road, Quinton, Birmingham, West Midlands B32 1LP3
£255K03/210.31 mi42, Pitman Road, Quinton, Birmingham, West Midlands B32 1PA3
£275K12/220.33 mi318, Quinton Road West, Quinton, Birmingham, West Midlands B32 1PH3
£225K09/210.34 mi14, Upper Meadow Road, Quinton, Birmingham, West Midlands B32 1NX3
£251K09/210.34 mi16, Upper Meadow Road, Birmingham, West Midlands B32 1NX3
£245K07/210.34 mi52, Upper Meadow Road, Quinton, Birmingham, West Midlands B32 1NX3
£175K03/230.34 mi40, Upper Meadow Road, Quinton, Birmingham, West Midlands B32 1NX3
£100K04/210.34 mi36, Firsby Road, Quinton, Birmingham, West Midlands B32 2QT3
£208K03/240.34 mi69, Firsby Road, Quinton, Birmingham, West Midlands B32 2QT3
£163K11/200.34 mi54, Firsby Road, Quinton, Birmingham, West Midlands B32 2QT3
£237.5K12/220.34 mi63, Firsby Road, Quinton, Birmingham, West Midlands B32 2QT3
£225K02/240.37 mi20, Hansom Road, Quinton, Birmingham, West Midlands B32 1NY3
£252.5K05/230.37 mi18, Hansom Road, Quinton, Birmingham, West Midlands B32 1NY3
£368K05/230.38 mi237, White Road, Quinton, Birmingham, West Midlands B32 2SZ3
£326.5K08/230.38 mi225, White Road, Quinton, Birmingham, West Midlands B32 2SZ3
£231K07/230.38 mi43, Higgins Lane, Quinton, Birmingham, West Midlands B32 1LL3
£172K01/210.38 mi100, Overdale Road, Quinton, Birmingham, West Midlands B32 2QS3
£147K01/210.38 mi96, Overdale Road, Quinton, Birmingham, West Midlands B32 2QS3

Local Rents

24 rents from £800/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10003/250.05 mi-3
£90012/240.24 miRennie Grove, Quinton, Birmingham3
£1,29503/250.25 mi-3
£1,40012/240.28 miWedgewood Road, Quinton, BIRMINGHAM3
£1,29512/240.28 miWorlds End Lane, Birmingham, West Midlands, B323
£1,25012/240.28 miWorlds End Lane, Quinton, BIRMINGHAM3
£1,20003/250.34 mi-3
£1,19503/250.38 mi-3
£95012/240.39 miOverdale Road, Birmingham3
£2,50012/240.39 mi-3
£1,10012/240.4 miMiddle Meadow Avenue, Quinton3
£3,10012/240.43 mi-3
£1,00012/240.47 mi-3
£1,25002/250.48 mi-3
£1,20012/240.48 miTedstone Road, Quinton, Birmingham, B323
£1,15012/240.52 miWoodhouse Road, Quinton, BIRMINGHAM3
£1,25012/240.52 mi-3
£80012/240.54 miWoodhouse Road, Birmingham, B323
£1,35002/250.56 mi-3
£1,20001/250.56 mi-3
£1,20012/240.56 miWoodhouse Road, Quinton, Birmingham, West Midlands, B32 2DH3
£1,30003/250.57 mi-3
£1,30012/240.57 miDwellings Lane, Quinton3
£3,50012/240.61 mi-3

Links

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

4.74 miles away

Nearest school

0.20 miles away

Nearest train station

2.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £220,000

July 13, 2024

Floor Plans

Description

*FREEHOLD ON COMPLETION*

A traditional three bedroom semi-detached property situated in a quiet cul-de-sac in Quinton. This property is in need of modernisation however it offers a blank canvas for somebody to make their perfect family home. The property comprises of; porch, entrance hallway, through lounge, dining room, extended kitchen, lean to, three bedrooms and a shower room. The property has gas central heating fitted and double glazing where specified. The property has a driveway to the front of the property, and a garden with a garage to the rear. The property is currently leasehold however will be freehold on completion of the sale.

Agent Details

Dixons, Quinton

0121 387 6279

Next Steps?

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

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