2 Bed Terraced House, Refurb/BRRR, Birmingham, B17 0HT, £325,000

Metchley Lane, Birmingham, B17 0HT - 7 views - 7 months ago

Refurb/BRRR
Planning
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£172K - £466K
Sold Prices/m²£2.6K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£224,188

 

 

End Value (After Refurb)

£332,625

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£26,896

Bridging Loan Interest

£8,531

Total Cash In

£133,127

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£332,625

Mortgage (After Refinance)

£249,469

Mortgage LTV

75%

Cash Released

£5,719

Cash Left In

£127,408

Equity

£83,156

Rent Range

£850 - £1,550

Rent Estimate

£1,174

Running Costs/mo

£1,294

Cashflow/mo

£-120

Cashflow/yr

£-1,443

Gross Yield

4%

Local Sold Prices

51 sold prices from £172K to £466K, average is £285K. £2.6K/m² to £6.3K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£320K12/200.09 mi23, York Street, Harborne, Birmingham, West Midlands B17 0HG2
£395K03/210.09 mi35, York Street, Harborne, Birmingham, West Midlands B17 0HG2
£273K06/210.14 mi15, North Road, Harborne, Birmingham, West Midlands B17 9PA2
£317.5K07/210.19 mi87, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£317.5K07/210.19 mi87, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£267.5K07/210.19 mi109, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£290K12/210.2 mi17, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£345K04/220.21 mi15, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£400K04/220.21 mi27, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£290K05/210.22 mi140, Gordon Road, Harborne, Birmingham, West Midlands B17 9EY2
£350K04/230.25 mi64, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£375K11/220.26 mi61, Station Road, Harborne, Birmingham, West Midlands B17 9LP2
£295K02/210.26 mi61, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£270K08/210.26 mi11, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£270K08/210.26 mi11, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£277.5K02/230.26 mi21, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£250K06/210.26 mi22, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£247K01/210.29 mi32, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EE2
£400K07/230.31 mi80d, Station Road, Harborne, Birmingham, West Midlands B17 9LX2
£405K03/210.32 mi73a, Station Road, Harborne, Birmingham, West Midlands B17 9LR2
£306K11/200.32 mi126, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HD2
£400K02/210.43 mi20, Margaret Grove, Birmingham, West Midlands B17 9JH2
£372K08/210.43 mi36, Margaret Grove, Birmingham, West Midlands B17 9JH2
£380K09/210.43 mi44, Margaret Grove, Birmingham, West Midlands B17 9JH2
£253K12/200.46 mi1, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£220K01/210.46 mi9, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£261K07/230.46 mi3, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£322K12/200.55 mi7, Park Edge, Birmingham, West Midlands B17 9ER2
£212.5K08/210.56 mi1, Merryfield Grove, Birmingham, West Midlands B17 0LW2
£466K06/230.65 mi43, High Brow, Harborne, Birmingham, West Midlands B17 9EW2
£230K06/210.65 mi442, Harborne Park Road, Birmingham, West Midlands B17 0NG2
£257.5K12/200.69 mi74, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£298.5K03/210.69 mi28, St Peters Road, Harborne, Birmingham, West Midlands B17 0AY2
£260K11/200.71 mi30, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH2
£269.5K10/200.72 mi31, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£285K02/210.72 mi5, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£273K02/210.73 mi82, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£270K04/210.73 mi124, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£325K06/210.76 mi17, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£260K09/210.76 mi2, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£285K03/230.78 mi63, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AA2
£287K04/210.78 mi20, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£289.3K06/210.78 mi26, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£315K06/230.78 mi34, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£225K12/200.8 mi28, Milford Road, Harborne, Birmingham, West Midlands B17 9RL2
£172K11/200.81 mi25, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£229K03/210.81 mi40, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£225K04/210.81 mi24, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£240K08/210.81 mi81, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£270K12/220.81 mi38, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£410K01/210.82 mi130, Gillhurst Road, Birmingham, West Midlands B17 8PH2

Local Rents

51 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,24512/240.06 miMetchley Lane, Birmingham, B17 0HT2
£1,17012/240.06 miGreenfield Road, Harborne, Birmingham2
£95012/240.12 miHigh Street, Harborne, B172
£1,29512/240.14 miAbbey Road, Harborne, Birmingham, West Midlands, B17 0JT2
£1,29512/240.14 miHigh Street, Harborne2
£1,29512/240.15 miAbbey Road, Harborne, Birmingham, B172
£85012/240.16 miBirch Close, Greenfield Road, Harborne, Birmingham, B17 0EH2
£1,05012/240.16 mi-2
£1,00012/240.16 miHigh Street, Harborne, Birmingham, B172
£1,55003/250.17 mi-2
£1,10002/250.18 mi-2
£1,20004/250.19 mi-2
£1,20012/240.19 miClarence Road, Harborne, B172
£1,25012/240.2 mi174-176 High Street, Harborne, Birmingham, B17 9PP2
£1,49512/240.2 miChestnut Grove, Harborne, Birmingham2
£1,25012/240.21 miHigh Street, Harborne2
£1,26512/240.24 miRose Road, Harborne, Birmingham2
£1,18001/250.24 mi-2
£1,00012/240.25 miRose Road, Harborne, Birmingham2
£1,10012/240.25 miGordon Road, Harborne2
£1,30012/240.25 miStation Road, Harborne, Birmingham, B172
£1,00012/240.26 miGordon Road, Harborne, Birmingham2
£1,25012/240.27 mi-2
£1,39004/250.29 mi-2
£1,15012/240.29 miGreenfield Road, Harborne2
£1,10012/240.29 miGreenfield Road, Harborne2
£1,15012/240.29 miCrofters Court, Edgbaston2
£1,15012/240.29 miCrofters Court, Edgbaston2
£1,20012/240.29 miCrofters Court, Edgbaston2
£1,00002/250.3 mi-2
£1,50012/240.33 miNursery Road, Edgbaston2
£1,20003/240.33 mi-2
£1,19512/240.33 miHarborne Central, High Street, Harborne2
£1,20012/240.34 miBantock Way, BIRMINGHAM2
£1,20012/240.37 miHigh Point, Richmond Hill Road, Edgbaston, B152
£1,10012/240.39 miHigh Point, Richmond Hill Road, Birmingham, B15 3RU2
£1,15012/240.39 miCross Farm Manor, Cross Farm Road, Harborne, B172
£1,35012/240.4 miMoor Pool Avenue, Harborne, Birmingham, B17 9HL2
£97512/240.43 miMetchley Lane, Harborne, Birmingham, B172
£97512/240.43 miMetchley Lane, Harborne, Birmingham, B172
£95012/240.43 miRichmond Hill Road, Birmingham2
£1,25012/240.43 miRichmond Hill Road, Edgbaston, Birmingham, B15 3RU2
£1,10012/240.45 miRavenhurst Road, Harborne, B172
£1,50012/240.45 miThe Coach House, 28 Westfield road, Edgbaston, Birmingham, West Midlands2
£1,09502/240.51 mi-2
£1,09512/240.54 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,40012/240.54 miMoor Pool Avenue, Harborne, Birmingham, B17 9DT2
£1,35012/240.55 miHarborne Village Apartments, High Street, Harborne, B172
£1,05012/240.56 miThe Circle, Harborne, B172
£1,05012/240.56 miThe Circle, Harborne, B172
£1,19512/240.57 miThe Lords, Lordswood Road, Harborne2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

2.73 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £325,000

September 3, 2024

Floor Plans

Description

  • Period End of Terrace Property in Prime Location within Central Harborne +
  • In Need of Full Renovation and Refurbishment but Excellent Scope for Further Extension +
  • Two Reception Rooms +
  • Excellent Investment Opportunity or Residential Project +
  • Excllent Access to QE Medical Complex and Birmingham University +
  • No Upward Chain +
  • EPC Rating - F +

An excellent opportunity to acquire this exclusive two bedroom period property that is situated in the heart of Harborne just adjacent to the High Street. The property requires full renovation and refurbishment but offers a spacious footprint to create a family home in a prestigious location. Being Sold with No Upward Chain.

The property footprint provides potential for extension and to increase the accommodation subject to the relevant planning permissions. It currently comprises entrance hallway, good sized traditional front and rear reception rooms with access to a cellar in-between. A kitchen with space for a separate utility or opportunity to extend the kitchen. The upstairs accommodation comprises two large double bedrooms with a family bathroom
There is a garden to the rear and side access point which leads to the rear of the property.

The property is situated on this highly regarded and sought-after road in the heart of Harborne Village, just adjacent to the renowned Harborne High Street well known for its vast array of award winning eateries, restaurants and cafes. In addition to the local amenities the High Street offers fantastic transport links to Birmingham City Centre, QE Medical Complex and Birmingham University. Harborne Gym and swimming baths is just a short distance away and this location includes a fantastic school catchment for all ages.

Agent Details

Hunters, Harborne

0121 387 6551

Next Steps?

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