2 Bed Flat, Refurb/BRRR, Birmingham, B42 2QU, £95,000





ValuationFair Value
Sold Prices | £60K - £136K |
Sold Prices/m² | £1.1K/m² - £3.4K/m² |
| |
Square Metres | ~51.32 m² |
Price/m² | £1.9K/m² |
Value Estimate | £96,485 |
| |
End Value (After Refurb) | £130,215 |
Uplift in Value | +37% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £23,750 |
Stamp Duty & Legal Fees | £4,050 |
Refurb Costs | £20,305 |
Bridging Loan Interest | £2,494 |
Total Cash In | £52,349 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £130,215 |
Mortgage (After Refinance) | £97,661 |
Mortgage LTV | 75% |
Cash Released | £26,411 |
Cash Left In | £25,937 |
Equity | £32,554 |
Rent Range | £800 - £2,500 |
Rent Estimate | £900 |
Running Costs/mo | £607 |
Cashflow/mo | £293 |
Cashflow/yr | £3,517 |
ROI | 7% |
Gross Yield | 11% |
Local Sold Prices
21 sold prices from £60K to £136K, average is £85K. £1.1K/m² to £3.4K/m², average is £2K/m².
Local Rents
14 rents from £800/mo to £2.5K/mo, average is £963/mo.
Local Area Statistics
Population in B42 | 23,647 |
Population in Birmingham | 1,034,821 |
Town centre distance | 5.17 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.24 miles away |
| |
Rental growth (12m) | +19% |
Sales demand | Seller's market |
Capital growth (5yrs) | +41% |
Property History
Price changed to £95,000
September 25, 2024
Listed for £100,000
August 10, 2024
Sold for £36,000
1998
Floor Plans

Description
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