3 Bed Detached House, Refurb/BRRR, Birmingham, B43 7QR, £285,000

53 Moreton Avenue, Birmingham, West Midlands, B43 7QR - 5 views - 9 months ago

Sold STC
Refurb/BRRR
ROI: 2%
84 m²
+21 photos

ValuationOvervalued

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

 

 

Square Metres

84.36 m²
Price/m²£3.4K/m²

Value Estimate

£217,482

 

 

End Value (After Refurb)

£270,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£33,381

Bridging Loan Interest

£7,481

Total Cash In

£125,362

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,000

Mortgage (After Refinance)

£202,500

Mortgage LTV

75%

Cash Left In

£125,362

Equity

£67,500

Rent Range

£1,100 - £2,500

Rent Estimate

£1,373

Running Costs/mo

£1,138

Cashflow/mo

£235

Cashflow/yr

£2,816

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £168.5K to £340K, average is £245K. £2K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£245K08/220.02 mi36, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£185K01/210.02 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£255K07/210.02 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£260K07/230.04 mi292, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£198.5K12/200.04 mi252, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£265K05/230.07 mi14, Ivanhoe Road, Birmingham, West Midlands B43 7QU3
£210K12/200.1 mi7, Foxwood Avenue, Birmingham, West Midlands B43 7QX3
£321K06/230.11 mi18, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£207K04/230.11 mi14, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£300K08/220.12 mi19, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£245K09/230.13 mi35, Stonehurst Road, Birmingham, West Midlands B43 7RA3
£220K02/230.16 mi16, Pinley Grove, Birmingham, West Midlands B43 7RB3
£240K03/210.17 mi113, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£295K08/230.17 mi51, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£275K03/230.17 mi49, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£275K02/210.17 mi86, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BW3
£310K08/230.18 mi62, Park Farm Road, Birmingham, West Midlands B43 7QH3
£276K10/230.18 mi94, Park Farm Road, Birmingham, West Midlands B43 7QH3
£327.5K01/230.18 mi70, Park Farm Road, Birmingham, West Midlands B43 7QH3
£180K02/210.18 mi11, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BT3
£235.5K08/210.21 mi24, Selvey Avenue, Birmingham, West Midlands B43 7RE3
£230K01/230.21 mi4, Cotman Close, Birmingham, West Midlands B43 7HR3
£290K12/220.23 mi82, Nether Hall Avenue, Birmingham, West Midlands B43 7ET3
£265K10/210.23 mi21, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£248K03/210.23 mi70, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£340K04/230.23 mi32, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£182K06/210.23 mi6, Hillingford Avenue, Birmingham, West Midlands B43 7HS3
£240K07/230.23 mi26, Greenaway Close, Birmingham, West Midlands B43 7HT3
£200K09/210.25 mi21, Drummond Grove, Birmingham, West Midlands B43 7BU3
£275K11/220.26 mi15, Comsey Road, Birmingham, West Midlands B43 7RG3
£250K06/230.28 mi82, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£200.3K04/210.28 mi134, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£270K03/230.28 mi114, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£257K06/230.28 mi287, Queslett Road, Great Barr, Birmingham, West Midlands B43 7HB3
£233K02/230.28 mi299, Queslett Road, Great Barr, Birmingham, West Midlands B43 7HB3
£270K08/230.29 mi20, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£200K03/210.29 mi21, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£191K09/210.29 mi11, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£175K12/200.29 mi50, Ringinglow Road, Birmingham, West Midlands B44 9BL3
£168.5K10/200.29 mi170, Tyndale Crescent, Birmingham, West Midlands B43 7HU3
£236K04/210.29 mi37, Park Farm Road, Birmingham, West Midlands B43 7QQ3
£220K05/230.29 mi196, Tyndale Crescent, Birmingham, West Midlands B43 7HU3
£262.3K11/220.31 mi201, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£200K01/210.31 mi195, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£185K02/210.31 mi123, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£247.5K11/200.32 mi11, Park Farm Road, Birmingham, West Midlands B43 7QQ3
£182K05/230.32 mi567, Queslett Road, Great Barr, Birmingham, West Midlands B43 7ER3
£255K02/210.32 mi21, Garnet Avenue, Birmingham, West Midlands B43 7RJ3
£325K11/220.33 mi9, Garnet Avenue, Birmingham, West Midlands B43 7RJ3
£173K11/200.33 mi122, Brackenfield Road, Birmingham, West Midlands B44 9BH3

Local Rents

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

RentDateDistanceAddressBeds 
£1,29512/240.09 mi-3
£1,29512/240.09 mi-3
£1,19512/240.17 miBeacon Road, Great Barr, Birmingham, B433
£1,19512/240.17 miBeacon Road, Great Barr, Birmingham, B433
£1,15012/240.23 miNetherhall Avenue, Great Barr. B43 7ET3
£1,15012/240.26 miBeacon Road, Great Barr, Birmingham, West Midlands3
£2,16702/240.28 mi-3
£1,45011/240.34 mi-3
£2,50003/240.35 mi-3
£1,10012/240.37 miBrackenfield Road, Great Barr, Birmingham, West Midlands, B443
£1,10012/240.38 miQueslett Road, Birmingham3
£1,10012/240.38 miQueslett Road, Birmingham3
£1,30002/250.47 mi-3
£1,45001/250.48 mi-3
£1,55001/250.48 mi-3
£1,24509/230.48 mi-3
£1,20012/240.49 miTyndale Crescent, BIRMINGHAM3
£1,20004/250.51 mi-3

Local Area Statistics

Population in B43

28,796

Population in Birmingham

1,034,821

Town centre distance

6.24 miles away

Nearest school

0.50 miles away

Nearest train station

1.70 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £285,000

July 26, 2024

Sold for £203,000

2017

Sold for £178,000

2015

Sold for £152,000

2010

Floor Plans

Description

* THREE BEDROOMS * FANTASTIC SCHOOLS CATCHMENT * BEAUTIFULLY FINISHED * SUPERB OUTDOOR ENTERTAINING SPACE * CLOSE TO LOCAL AMENITIES *

Wilkins are delighted to offer you a charming 3 bed detached property located in the sought-after area of Great Barr. Perfect for families or those looking to add their personal touch, this home offers a blend of comfort and potential.

As you enter the house, you are greeted by a welcoming hallway that leads you into the heart of the home.

On your left, you will find a generous lounge area, perfect for relaxation and entertainment. This bright and airy space offers plenty of room for comfortable seating and is ideal for family gatherings or unwinding after a long day.

Adjacent to the lounge is the separate dining room. This room provides an ideal setting for family meals and social occasions. With ample space for a dining table and chairs, its perfect for hosting dinner parties or enjoying everyday meals with the family.

Continuing through the dining room, you’ll enter the functional kitchen. The kitchen being in good condition and features ample counter and storage space. It offers plenty of potential for updates and customisation to suit your personal style and needs.

Outside, the property boasts a lovely garden, providing a perfect space for outdoor activities and relaxation. The garden is very well-maintained and features a mix of lawn and mature planting, offering a peaceful oasis for enjoying sunny days, gardening or hosting outdoor gatherings. Adding to this it has the extra benefit of a separate garage perfect for a home office or gym!

Heading upstairs, you’ll find three comfortable and well-proportioned bedrooms, each offering a cosy retreat. The bedrooms are designed to provide plenty of space for relaxation and rest, with enough room for beds, wardrobes and additional furnishings.

The property is well-maintained and in good condition, making it ready to move in. However, it also presents opportunities for modernisation and personalisation, allow you to create your own dream home.

Situated in a convenient location with access to local amenities, school and transport links, this property is a fantastic opportunity for those looking to create their dream home.
Don’t miss out on this charming house in Great Barr- arrange a viewing today!

Living/Dining Room (6m x 3.5m)

Kitchen (3.6m x 2.6m)

Bedroom One (3.7m x 3.5m)

Bedroom Two (3.6m x 3.5m)

Bedroom Three (2.5m x 2.1m)

Family Bathroom (2.4m x 1.7m)

Rear Garage (4.95m x 2.6m)

Agent Details

Wilkins Estate Agents, Sutton Coldfield

0121 796 1219

Next Steps?

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

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