4 Bed Detached House, Refurb/BRRR, Solihull, B91 1HD, £800,000

Birch Tree Grove, Solihull, West Midlands, B91 1HD - 5 views - 8 months ago

Sold STC
Refurb/BRRR
~196 m²
+12 photos

ValuationOvervalued

Sold Prices£325K - £1.3M
Sold Prices/m²£2.8K/m² - £7.4K/m²

 

 

Square Metres

~195.60 m²
Price/m²£4.1K/m²

Value Estimate

£769,363

 

 

End Value (After Refurb)

£892,336

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£76,874

Bridging Loan Interest

£21,000

Total Cash In

£352,324

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£892,336

Mortgage (After Refinance)

£669,252

Mortgage LTV

75%

Cash Released

£69,252

Cash Left In

£283,072

Equity

£223,084

Rent Range

£1,325 - £4,499

Rent Estimate

£2,402

Running Costs/mo

£3,289

Cashflow/mo

£-887

Cashflow/yr

£-10,643

Gross Yield

4%

Local Sold Prices

50 sold prices from £325K to £1.3M, average is £625K. £2.8K/m² to £7.4K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£830K01/210 mi10, Birch Tree Grove, Solihull, West Midlands B91 1HD4
£625K11/220.08 mi56, Sharmans Cross Road, Solihull, West Midlands B91 1RQ4
£795K03/210.08 mi48, Sharmans Cross Road, Solihull, West Midlands B91 1RQ4
£666K02/210.13 mi7, Woodlea Drive, Solihull, West Midlands B91 1PE4
£500K11/200.2 mi8, Blackthorne Close, Solihull, West Midlands B91 1PF4
£684K07/230.27 mi9, Claverdon Close, Solihull, West Midlands B91 1QP4
£825K06/210.27 mi26, Welcombe Grove, Solihull, West Midlands B91 1PD4
£1.3M07/230.27 mi16, Welcombe Grove, Solihull, West Midlands B91 1PD4
£602K03/210.27 mi14, Ashlawn Crescent, Solihull, West Midlands B91 1PR4
£775K09/210.29 mi23, Browns Coppice Avenue, Solihull, West Midlands B91 1PL4
£685K04/230.29 mi20, Browns Coppice Avenue, Solihull, West Midlands B91 1PL4
£760K07/230.3 mi6, Bryanston Road, Solihull, West Midlands B91 1EL4
£575K03/210.32 mi10, Winterbourne Road, Solihull, West Midlands B91 1LU4
£630K01/210.32 mi11, Stonor Park Road, Solihull, West Midlands B91 1EH4
£700K02/210.32 mi17, Stonor Park Road, Solihull, West Midlands B91 1EH4
£585K11/220.33 mi24, Cheltondale Road, Solihull, West Midlands B91 1EJ4
£735K11/210.35 mi6, Upwey Avenue, Solihull, West Midlands B91 1LR4
£595K11/220.35 mi153, Danford Lane, Solihull, West Midlands B91 1QQ4
£700K08/230.35 mi301, Streetsbrook Road, Solihull, West Midlands B91 1RS4
£615K08/230.36 mi23, Cheltondale Road, Solihull, West Midlands B91 1EJ4
£1.3M11/220.36 mi62, Ashlawn Crescent, Solihull, West Midlands B91 1PS4
£764.4K03/210.36 mi49, Ashlawn Crescent, Solihull, West Midlands B91 1PS4
£461K02/210.39 mi78, Danford Lane, Solihull, West Midlands B91 1QQ4
£645K05/210.39 mi290, Ralph Road, Shirley, Solihull, West Midlands B90 3LF4
£470K11/200.4 mi81, Stonor Park Road, Solihull, West Midlands B91 1EQ4
£572K10/230.4 mi102, Stonor Park Road, Solihull, West Midlands B91 1EQ4
£478K02/210.4 mi90, Stonor Park Road, Solihull, West Midlands B91 1EQ4
£706K02/230.4 mi16, Miall Park Road, Solihull, West Midlands B91 1ET4
£535K01/210.41 mi6, Linwood Road, Solihull, West Midlands B91 1HL4
£515K03/210.42 mi41, Prospect Lane, Solihull, West Midlands B91 1HN4
£640K11/200.42 mi15, Prospect Lane, Solihull, West Midlands B91 1HN4
£448K12/200.44 mi198, Solihull Road, Shirley, Solihull, West Midlands B90 3LG4
£595K11/200.44 mi33, Swinbrook Way, Shirley, Solihull, West Midlands B90 3LZ4
£325K01/210.44 mi37, Yoxall Road, Shirley, Solihull, West Midlands B90 3SD4
£436.5K11/230.44 mi45, Yoxall Road, Shirley, Solihull, West Midlands B90 3SD4
£705K03/230.44 mi163, Solihull Road, Shirley, Solihull, West Midlands B90 3LQ4
£700K05/210.45 mi20, Dorchester Road, Solihull, West Midlands B91 1LW4
£692.5K04/210.45 mi33, Dorchester Road, Solihull, West Midlands B91 1LW4
£745K12/210.45 mi25, Poolfield Drive, Solihull, West Midlands B91 1SH4
£430K11/230.46 mi45, Poolfield Drive, Solihull, West Midlands B91 1SH4
£515K08/210.48 mi95, Beechwood Park Road, Solihull, West Midlands B91 1EU4
£700K11/200.48 mi53, Broad Oaks Road, Solihull, West Midlands B91 1HY4
£580K08/210.48 mi87, Broad Oaks Road, Solihull, West Midlands B91 1HY4
£560K01/210.48 mi67, Stoneleigh Road, Solihull, West Midlands B91 1DJ4
£485K06/230.49 mi47, Cheltondale Road, Solihull, West Midlands B91 1EP4
£598.8K08/230.49 mi53, Cheltondale Road, Solihull, West Midlands B91 1EP4
£625K10/230.49 mi29, Stoneleigh Road, Solihull, West Midlands B91 1DG4
£615K12/230.5 mi7, Rushbury Close, Shirley, Solihull, West Midlands B90 3LD4
£570.8K11/230.51 mi16, Netherwood Close, Solihull, West Midlands B91 1DU4
£1.0M11/220.51 mi48, Silhill Hall Road, Solihull, West Midlands B91 1JU4

Local Rents

27 rents from £1.3K/mo to £4.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,50012/240 miBirch Tree Grove, Solihull4
£1,80012/240.3 miBryanston Road, SOLIHULL3
£1,75012/240.3 miBryanston Road, Solihull, B91 1EL3
£1,85012/240.32 miAshlawn Crescent, Solihull4
£1,65012/240.41 miUfton Close, Shirley4
£1,99502/240.43 mi-4
£1,79502/240.43 mi-4
£1,79512/240.43 miBeechwood Park Road, Solihull, B914
£1,32512/240.44 miBroad Oaks Road, Solihull3
£1,59512/240.44 miDanford Lane , Solihull3
£2,50002/240.45 mi-4
£1,95011/240.46 mi-3
£1,95010/240.46 mi-3
£2,00012/240.47 miRalph Road, Shirley, SOLIHULL4
£3,25012/240.49 miDanford Lane, Solihull5
£1,45012/240.51 miArley Road, Solihull3
£3,99801/240.51 mi-4
£3,99801/240.51 mi-4
£4,49912/240.51 mi-4
£3,70012/240.51 miRadbourne Road, Solihull, B904
£1,35012/240.57 miYoxall Road, Shirley3
£1,45004/250.57 mi-3
£1,65012/240.58 miStanway Road, Shirley, Solihull, B903
£2,00003/250.6 mi-4
£3,99512/240.6 mi-5
£3,99512/240.6 mi-5
£3,99512/240.6 miSt. Bernards Road, Solihull, B925

Local Area Statistics

Population in B91

33,236

Population in Solihull

141,829

Town centre distance

3.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £800,000

August 30, 2024

Floor Plans

Description

  • Highly spacious four-bedroom detached house +
  • In need of modernisation +
  • Secure double garage and large driveway +
  • Quiet cul-de-sac road conveniently near Solihull centre +
  • Sought-after area +
  • Kitchen with dining area +
  • Screened by hedges at front and rear +
  • Numerous reception rooms +

An excellent development opportunity, this four-bedroom detached family home positioned in Solihull, offers a versatile living space with generously sized rooms, plenty of scope for renovations, a versatile garden and easy access to amenities. There is also excellent opportunity to extend to the sides, rear and roof space, STPP.

The property is fronted by a neat lawned garden with an established willow tree and tarmac driveway, with space for multiple vehicles, leading down to the house, and bordered by mature hedges.

The ground floor accommodation offers significant versatility to modernise, including: a covered Porch, opening into the Hallway with stairs rising to the first floor landing, and doors radiating to rooms; a substantial Living Room with large windows and sliding door to the rear garden patio; a separate Dining Room, currently used as an Office, looking out to the front garden; an expansive Kitchen with abundant room for counterspace and storage, plus dining area; an additional Reception Room, with sliding door to the patio; the ground floor is complete with a side access door and Hallway to the Garage and handy Utility Room.

The first-floor comprises: a Landing; four double Bedrooms with plentiful space for furnishings, Bedroom Three with fitted wardrobes and ensuite Shower Room, a well-sized family Bathroom with plenty of scope for renovation and adjacent separate WC.

To the rear is a versatile garden space with lots of potential, laid to an initial stone slab patio to a lawn, with fenced borders backing onto parkland. There is side access back to the front on either side.

Situated in Solihull, the property benefits from a range of shops, sports centres, eateries and amenities nearby. In addition, there is schooling -comprehensive and independent- to suit all age groups. The town provides a range of transport services including commuter buses and trains from Solihull and Shirley stations to Birmingham, Leamington Spa, Stratford-Upon-Avon and London Marylebone. In addition, the NEC and Birmingham International are within an approximate 15-minute drive and the M42 provides fast links to many major road networks.

No statement in these details is to be relied upon as representation of fact, and purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained within. These details do not constitute any part of any offer or contract. AP Morgan and their employees and agents do not have any authority to give any warranty or representation whatsoever in respect of this property. These details and all statements herein are provided without any responsibility on the part of AP Morgan or the vendors. Equipment: AP Morgan has not tested the equipment or central heating system mentioned in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition. Measurements: Great care is taken when measuring, but measurements should not be relied upon for ordering carpets, equipment, etc. The Laws of Copyright protect this material. AP Morgan is the Owner of the copyright. This property sheet forms part of our database and is protected by the database right and copyright laws. No unauthorised copying or distribution without permission..

Agent Details

A P Morgan, Shirley

0121 817 2028

Next Steps?

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