3 Bed Terraced House, Refurb/BRRR, Birmingham, B32 4LW, £200,000

Clent View Road, Birmingham, B32 4LW - 1 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£62.5K - £281K
Sold Prices/m²£743/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£202,927

 

 

End Value (After Refurb)

£198,476

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£36,800

Bridging Loan Interest

£5,250

Total Cash In

£101,000

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,476

Mortgage (After Refinance)

£148,857

Mortgage LTV

75%

Cash Left In

£101,000

Equity

£49,619

Rent Range

£900 - £1,650

Rent Estimate

£999

Running Costs/mo

£840

Cashflow/mo

£159

Cashflow/yr

£1,908

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £62.5K to £281K, average is £185.5K. £743/m² to £4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£185K07/210.04 mi49, Clent View Road, Bartley Green, Birmingham, West Midlands B32 4LU3
£245K02/230.05 mi85, Clent View Road, Bartley Green, Birmingham, West Midlands B32 4LU3
£225K06/210.08 mi145, Pinewood Drive, Bartley Green, Birmingham, West Midlands B32 4LG3
£167K03/210.08 mi12, Elmcroft Avenue, Birmingham, West Midlands B32 4LZ3
£225.5K02/230.09 mi154, Pinewood Drive, Bartley Green, Birmingham, West Midlands B32 4LR3
£202K02/240.11 mi90, Wood Lane, Woodgate, Birmingham, West Midlands B32 4AJ3
£198K12/200.11 mi4, Clent View Road, Bartley Green, Birmingham, West Midlands B32 4LN3
£250K11/230.11 mi128, Clent View Road, Bartley Green, Birmingham, West Midlands B32 4LY3
£185K08/240.14 mi111, Wood Lane, Woodgate, Birmingham, West Midlands B32 4AG3
£178K07/210.17 mi214, Pinewood Drive, Bartley Green, Birmingham, West Midlands B32 4LS3
£165K02/210.17 mi86, Pinewood Drive, Bartley Green, Birmingham, West Midlands B32 4LD3
£175K05/210.18 mi53, Wood Lane, Woodgate, Birmingham, West Midlands B32 4AD3
£170K06/210.18 mi69, Wood Lane, Woodgate, Birmingham, West Midlands B32 4AD3
£205K01/240.18 mi63, Wood Lane, Woodgate, Birmingham, West Midlands B32 4AD3
£182K05/210.18 mi205, Pinewood Drive, Bartley Green, Birmingham, West Midlands B32 4LL3
£185K07/230.2 mi40, Kitwell Lane, Birmingham, West Midlands B32 4AL3
£186K03/240.2 mi68, Kitwell Lane, Birmingham, West Midlands B32 4AL3
£180K03/230.2 mi64, Kitwell Lane, Birmingham, West Midlands B32 4AL3
£156K09/210.2 mi17, Woodgate Drive, Birmingham, West Midlands B32 4AE3
£165K05/210.2 mi27, Woodgate Drive, Birmingham, West Midlands B32 4AE3
£170K07/210.2 mi41, Woodgate Drive, Birmingham, West Midlands B32 4AE3
£215K01/230.22 mi201, Field Lane, Bartley Green, Birmingham, West Midlands B32 4HL3
£225K03/210.24 mi244, Adams Hill, Birmingham, West Midlands B32 3PD3
£144K03/230.24 mi43, Fallow Walk, Birmingham, West Midlands B32 3UB3
£97K11/200.24 mi48, Fallow Walk, Birmingham, West Midlands B32 3UB3
£230K01/230.25 mi25, Trimpley Road, Birmingham, West Midlands B32 3PE3
£95K10/230.28 mi121, Kitwell Lane, Birmingham, West Midlands B32 4NL3
£122K04/210.28 mi42, Burrington Road, Birmingham, West Midlands B32 4DS3
£197.5K05/230.28 mi38, Burrington Road, Birmingham, West Midlands B32 4DS3
£70K08/210.29 mi67, Woodgate Gardens, Birmingham, West Midlands B32 3UW3
£180K04/210.3 mi96, Woodgate Lane, Birmingham, West Midlands B32 3RA3
£250K07/230.3 mi106, Woodgate Lane, Birmingham, West Midlands B32 3RA3
£230K10/210.31 mi24, Heathy Farm Close, Birmingham, West Midlands B32 3PA3
£188K11/230.31 mi5, Carmel Grove, Birmingham, West Midlands B32 3PL3
£270K04/220.31 mi9, Primrose Woods, Birmingham, West Midlands B32 3RE3
£205.5K01/240.36 mi6, Smiths Close, Birmingham, West Midlands B32 3NZ3
£147K05/240.36 mi29, Vinnall Grove, Birmingham, West Midlands B32 4EJ3
£62.5K01/210.37 mi24, Wolverley Road, Birmingham, West Midlands B32 4EH3
£194K04/240.38 mi8, Kitswell Gardens, Birmingham, West Midlands B32 4DZ3
£176.5K04/240.38 mi12, Kitswell Gardens, Birmingham, West Midlands B32 4DZ3
£192K07/230.38 mi224, Adams Hill, Birmingham, West Midlands B32 3PJ3
£165K04/240.4 mi33, Lye Close Lane, Birmingham, West Midlands B32 3QS3
£281K08/220.4 mi12, Goffs Close, Birmingham, West Midlands B32 3XA3
£95K02/210.41 mi8, Flavell Close, Birmingham, West Midlands B32 3NY3
£230K09/210.41 mi5, Flavell Close, Birmingham, West Midlands B32 3NY3
£265K05/240.41 mi3, Flavell Close, Birmingham, West Midlands B32 3NY3
£243K12/200.44 mi4, Fernwoods, Birmingham, West Midlands B32 3RL3
£184K11/200.44 mi27, Trippleton Avenue, Birmingham, West Midlands B32 4DG3
£225K07/230.45 mi24, Romsley Road, Birmingham, West Midlands B32 3PS3
£247.5K03/230.47 mi18, Hightree Close, Birmingham, West Midlands B32 3QP3

Local Rents

11 rents from £900/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15003/250.14 mi-3
£1,15003/250.14 mi-3
£1,10003/250.35 mi-3
£1,05002/250.36 mi-3
£1,00012/240.71 miAmbleside, Bartley Green, B323
£1,15012/240.84 miBigwood Drive, Birmingham, West Midlands, B323
£1,15012/240.84 miBigwood Drive, Birmingham, West Midlands, B323
£1,00012/240.9 mi-3
£1,49512/240.93 mi-3
£1,65003/251.17 mi-3
£90012/241.22 miMoors Lane, Northfield, B313

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

5.90 miles away

Nearest school

0.30 miles away

Nearest train station

2.81 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Price changed to £200,000

December 26, 2024

Price changed to £210,000

December 4, 2024

Listed for £215,000

July 24, 2024

Floor Plans

Description

  • Three bedrooms +

  • Convenient location +

  • NO UPWARD CHAIN +

  • Shower room +

  • Garage +

  • Rear garden +

SUMMARY
Offered for sale with NO UPWARD CHAIN, this three bedroom property has plenty of potential and is conveniently located for shops, schools and transport links. In need of some updating, the property has a garage with driveway and garden to the rear. Contact Connells on to view

DESCRIPTION
Do not miss out on this three bedroom family home in a convenient and popular location offered for sale with NO UPWARD CHAIN. In need of some updating, the property benefits from three good sized bedrooms, large bathroom and separate shower room, open plan lounge/dining room, kitchen, rear garden, integral garage and driveway. Early viewing recommended.

Approach  
The property has a block paved driveway to the front with up and over door to garage and front door opens to hallway

Hallway  
Stairs to first floor accommodation, central heating radiator and double doors to lounge

Lounge/Dining Room  18' 10" x 10' 3" ( 5.74m x 3.12m )
Double glazed patio doors to rear garden, two central heating radiators, wood effect flooring, door to kitchen

Kitchen  11' 4" x 7' 8" ( 3.45m x 2.34m )
In need of updating, there are wall and base units with work surfaces over, one and half bowl sink and drainer, space for cooker, double glazed window to rear elevation, double glazed door to rear garden

First Floor Landing  
Access to loft space and doors leading to:

Bedroom One 12' x 10' 3" ( 3.66m x 3.12m )
Double glazed doors open to the Juliet balcony with far reaching views, spot lights to ceiling, two central heating radiators, wood effect flooring

Bedroom Two  11' x 7' 10" ( 3.35m x 2.39m )
Double glazed windows to rear elevation with far reaching views, central heating radiator

Bedroom Three  8' 6" x 7' 10" ( 2.59m x 2.39m )
Double glazed bow window to front elevation, central heating radiator, cupboard housing central heating boiler

Bathroom  
Comprising: whirlpool bath, wash hand basin, heated towel rail, low level w.c, spot lights to ceiling, tiled flooring, double glazed bow window to front elevation

Shower Room  
Tiling to walls and shower cubicle

Rear Garden  
A pleasant rear garden perfect for families and entertaining with decked patio with lawns beyond, mature trees and shrubs and fencing to borders

Garage  
Up and over door to front

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Halesowen

0121 387 6258

Next Steps?

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

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