2 Bed Terraced House, Cash/Bridging Only, Birmingham, B32 1AG, £225,000

31 High Street, Quinton, Birmingham, B32 1AG - 38 views - 9 months ago

Cash
169 m²
+7 photos

ValuationUndervalued

Sold Prices£75K - £349K
Sold Prices/m²£1.2K/m² - £4.6K/m²

 

 

Square Metres

169 m²
Price/m²£1.3K/m²

Value Estimate

£250,000

 

 

End Value (After Refurb)

£451,933

Uplift in Value

+81%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£66,873

Bridging Loan Interest

£5,906

Total Cash In

£139,479

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£451,933

Agent Fees (1%)

£4,519

Bridging Loan

£168,750

Bridging Loan Interest

£5,906

Flip Profit

£139,184

Local Sold Prices

50 sold prices from £75K to £349K, average is £186.4K. £1.2K/m² to £4.6K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£177K04/210.01 mi24, High Street, Quinton, Birmingham, West Midlands B32 1AG2
£170K11/200.07 mi489, Ridgacre Road West, Quinton, Birmingham, West Midlands B32 1AR2
£195K11/210.16 mi10, Hoosen Close, Halesowen, West Midlands B62 9DG2
£203K11/230.16 mi8, Hoosen Close, Halesowen, West Midlands B62 9DG2
£285K01/230.16 mi3, Hoosen Close, Halesowen, West Midlands B62 9DG2
£161K01/210.17 mi14, Powell Avenue, Birmingham, West Midlands B32 1BQ2
£203K03/210.19 mi15, Chantry Drive, Halesowen, West Midlands B62 9DE2
£223K02/210.19 mi35, Chantry Drive, Halesowen, West Midlands B62 9DE2
£177.5K02/210.22 mi30, Collins Close, Birmingham, West Midlands B32 1BN2
£208.7K08/230.22 mi28, Collins Close, Quinton, Birmingham, West Midlands B32 1BN2
£240K08/210.28 mi132, Woodbury Road, Halesowen, West Midlands B62 9AG2
£205K10/230.31 mi158, Chichester Drive, Quinton, Birmingham, West Midlands B32 1BB2
£180K08/230.31 mi166, Chichester Drive, Quinton, Birmingham, West Midlands B32 1BB2
£290K06/230.31 mi98, Woodbury Road, Halesowen, West Midlands B62 9AQ2
£235K01/210.31 mi118, Woodbury Road, Halesowen, West Midlands B62 9AQ2
£270K06/210.31 mi149, Woodbury Road, Halesowen, West Midlands B62 9AQ2
£125K05/210.35 mi35, Clay Drive, Quinton, Birmingham, West Midlands B32 1BE2
£165K04/210.35 mi19, Clay Drive, Birmingham, West Midlands B32 1BE2
£146K07/210.4 mi7, Radnor Road, Oldbury, West Midlands B68 0QH2
£140K03/210.41 mi86, Oldacre Road, Oldbury, West Midlands B68 0RG2
£170K05/230.42 mi10, Norfolk Road, Oldbury, West Midlands B68 0QL2
£190K03/230.5 mi31, Warple Road, Quinton, Birmingham, West Midlands B32 1RL2
£130K12/220.5 mi21, Bournebrook Crescent, Halesowen, West Midlands B62 0HY2
£220K06/230.51 mi87, Frankley Avenue, Halesowen, West Midlands B62 0DU2
£220K11/200.53 mi19, Lilac Way, Halesowen, West Midlands B62 9BH2
£245K02/210.53 mi9, Lilac Way, Halesowen, West Midlands B62 9BH2
£187K10/230.54 mi123, Woodbury Road, Halesowen, West Midlands B62 9AW2
£275K12/220.54 mi119, Woodbury Road, Halesowen, West Midlands B62 9AW2
£170K08/210.56 mi131, Ridgacre Lane, Birmingham, West Midlands B32 1PY2
£180K09/230.6 mi98a, Ridgacre Lane, Quinton, Birmingham, West Midlands B32 1PT2
£75K12/200.6 mi11, Chance Croft, Oldbury, West Midlands B68 0JY2
£177K07/230.6 mi11, Chance Croft, Oldbury, West Midlands B68 0JY2
£110K10/220.62 mi101, Bournebrook Crescent, Halesowen, West Midlands B62 0HZ2
£349K10/230.62 mi12a, Linden Avenue, Halesowen, West Midlands B62 9EL2
£207.5K06/210.64 mi61, Newlands Drive, Halesowen, West Midlands B62 9DZ2
£130K10/200.7 mi18, Roundhills Road, Halesowen, West Midlands B62 9SB2
£116K07/230.7 mi243, Highfield Lane, Quinton, Birmingham, West Midlands B32 1RT2
£120K03/240.71 mi20, New England, Halesowen, West Midlands B62 9EG2
£124K11/200.71 mi35, New England, Halesowen, West Midlands B62 9EG2
£185.8K06/210.71 mi27, Chestnut Road, Oldbury, West Midlands B68 0AX2
£215K01/230.73 mi35, Holly Road, Oldbury, West Midlands B68 0AU2
£210K03/230.74 mi8, Holly Road, Oldbury, West Midlands B68 0AS2
£149.9K11/200.75 mi26, Cornwall Avenue, Oldbury, West Midlands B68 0SW2
£225K03/230.77 mi241, Howley Grange Road, Halesowen, West Midlands B62 0JD2
£167.5K06/210.79 mi3, Rose Avenue, Oldbury, West Midlands B68 0EA2
£252.5K03/210.81 mi12, Western Avenue, Halesowen, West Midlands B62 8QH2
£252.5K03/210.81 mi12, Western Avenue, Halesowen, West Midlands B62 8QH2
£215K04/230.84 mi4, Johnsons Grove, Oldbury, West Midlands B68 0DU2
£140K09/210.88 mi166, Worlds End Lane, Birmingham, West Midlands B32 1JU2
£155K06/210.88 mi178, Worlds End Lane, Quinton, Birmingham, West Midlands B32 1JU2

Local Rents

26 rents from £750/mo to £1.4K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£87512/240.49 miFlat 6 Quinton Court2
£87512/240.49 mi8 Quinton Court, B682
£87512/240.49 mi25 Quinton Court, B682
£85012/240.62 miTame Rise, Oldbury, West Midlands2
£90012/240.68 mi-2
£82512/240.69 miDaventry Grove, Quinton, B322
£82512/240.69 miDaventry Grove, Quinton, B322
£90001/240.69 mi-2
£99504/250.69 mi-2
£1,30012/240.71 miForest Road, OLDBURY2
£84512/240.71 mi-2
£75012/240.71 miHagley Road West, Oldbury2
£75012/240.71 miHagley Road West, Oldbury2
£1,25012/240.84 miLansdowne Road, Hurst Green, Halesowen2
£1,00012/240.97 miWorlds End Lane, Quinton2
£97512/240.97 miWorlds End Lane, Quinton2
£1,10012/240.97 miWorlds End Lane, Quinton2
£97512/240.97 miWorlds End Lane, Quinton2
£1,10012/240.97 miWorlds End Lane, Quinton2
£99501/251.01 mi-2
£1,40002/251.15 mi-2
£95003/251.19 mi-2
£95003/251.19 mi-2
£95002/241.19 mi-2
£95002/241.21 mi-2
£99903/251.23 mi-2

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

5.52 miles away

Nearest school

0.10 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Price changed to £225,000

January 31, 2025

Listed for £250,000

July 24, 2024

Floor Plans

Description

  • A stylish newly renovated home +
  • Close proximity to Birmingham City Centre +
  • Brand new features throughout ensuring a low maintenance family home +
  • Private lawned garden with patio +
  • New carpets and laminate flooring +
  • Two good sized bedrooms +
  • 10 year NHBC guarantee applicable +
  • Next door also available complete to the same high-quality finish +

A delightful, newly renovated property located on Quinton High Street and just a short distance from Birmingham City Centre.

The kitchen
This beautifully presented open plan kitchen features sleek neutral cabinetry, integrated appliances and light wooden countertops. A convenient breakfast bar adds to the functionality. Natural light floods the space through a skylight and expansive bi-fold doors, leading to a delightful patio and garden. Perfect for modern living and entertaining.

The dining room
Bright and spacious, the generously sized dining room adjoins the kitchen. The sense of space is accentuated through the bi-fold doors at the end of the room which create a welcoming indoor-outdoor flow.

The staircase to the first floor of the property is accessed through a door on the left-hand side of the room.

The living room
As you enter the property you are met with the spacious living area. A large bay window illuminates the space creating an inviting first impression and brand-new carpets underfoot offer warmth and cosiness.

Leading on from the living room is a convenient downstairs cloakroom, featuring a WC and basin.

The primary bedroom
The primary double bedroom is bright and spacious, featuring a large window that allows plenty of natural light. The room is finished with sleek, modern flooring and crisp white walls.

The second bedroom
Overlooking the garden is the second bedroom which offers useful built-in wardrobe space.

The bathroom
Both elegant and functional this family bathroom features sleek marble-effect tiling that adds a touch of luxury and sophistication. The modern design includes a spacious walk-in shower, a contemporary vanity unit with storage and a stylish chrome heated towel rail. The bathroom is well-lit and offers a fresh, clean ambiance, perfect for daily use.

The garden
The private garden offers a serene retreat with a well-defined patio area perfect for outdoor dining and entertaining. The lush lawn provides ample space for relaxation or gardening, creating a harmonious blend of paved and green spaces. Surrounded by secure fencing, this garden ensures privacy and a peaceful atmosphere for all your outdoor activities.

Agent’s note
The adjacent property, number 29, is also being renovated to the same high standard and will soon be available for purchase.

Both properties have a NHBC 10 year warrantee.

Quinton is a well-connected suburb of Birmingham, offering excellent transport links for both commuters and local residents. The area is conveniently situated near major road networks, including the M5 motorway, providing easy access to Birmingham City Centre and beyond. Public transportation options are abundant, with regular bus services and nearby train stations ensuring seamless connectivity to the broader West Midlands region.

The suburb boasts a variety of amenities, making it an attractive location for families and professionals alike. Quinton features numerous shopping options, from local high street stores to larger retail parks, ensuring all your daily needs are met. Additionally, the area is home to several well-regarded schools, healthcare facilities and recreational spaces, including parks and sports centres, contributing to a high quality of life.

Quinton’s community is vibrant and welcoming, characterised by a mix of residential areas and green spaces. The local dining scene offers diverse culinary options, while nearby cultural attractions and entertainment venues in Birmingham City Centre are easily accessible. Whether you’re looking for a quiet residential environment or the convenience of urban amenities, Quinton provides a balanced and appealing lifestyle.

The property benefits from mains gas, water, electricity and drainage.

Council tax band TBC.

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, is payable prior to the issue of the Memorandum of Sale and after which the property may be marked as Sold Subject to Contract. The fee will be reimbursed upon the successful Exchange of Contracts.

The fee will be retained by Andrew Grant in the event that you the buyer withdraws from the purchase or does not Exchange within 6 months of the fee being received other than for one or more of the following reasons:

1. Any significant material issues highlighted in a survey that were not evident or drawn to the attention of you the buyer prior to the Memorandum of Sale being issued.
2. Serious and material defect in the seller’s legal title.
3. Local search revealing a matter that has a material adverse effect on the market value of the property that was previously undeclared and not in the public domain.
4. The vendor withdrawing the property from sale.

The reservation fee, equivalent to 0.5% of the accepted offer unless specified otherwise, is payable upon acceptance by the vendor of an offer from a buyer and a positive completion of an assessment of the buyer’s financial status and ability to proceed.

Should a buyer’s financial position regarding the funding of the property prove to be fundamentally different from that declared by the buyer when the Memorandum of Sale was completed, then the Vendor has the right to withdraw from the sale and the reservation fee retained. For example, where the buyer declares themselves as a cash buyer but are in fact relying on an unsecured sale of their property.

Once the reservation fee has been paid, any renegotiation of the price stated in the memorandum of sale for any reason other than those covered in points 1 to 3 above will lead to the reservation fee being retained. A further fee will be levied on any subsequent reduced offer that is accepted by the vendor. This further fee will be subject to the same conditions that prevail for all reservation fees outlined above.

Agent Details

Andrew Grant, Covering the West Midlands

01905 673182

Next Steps?

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