2 Bed Terraced House, Refurb/BRRR, Birmingham, B17 0SY, £210,000

82 Fredas Grove, Birmingham, West Midlands, B17 0SY - 5 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
60 m²
+5 photos

ValuationOvervalued

Sold Prices£147K - £375K
Sold Prices/m²£1.9K/m² - £4.2K/m²

 

 

Square Metres

60 m²
Price/m²£3.5K/m²

Value Estimate

£200,769

 

 

End Value (After Refurb)

£223,230

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£23,693

Bridging Loan Interest

£5,513

Total Cash In

£90,955

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£223,230

Mortgage (After Refinance)

£167,422

Mortgage LTV

75%

Cash Released

£9,922

Cash Left In

£81,033

Equity

£55,807

Rent Range

£758 - £1,443

Rent Estimate

£1,077

Running Costs/mo

£933

Cashflow/mo

£144

Cashflow/yr

£1,728

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £147K to £375K, average is £270K. £1.9K/m² to £4.2K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£257.5K02/210.04 mi34, Northfield Road, Harborne, Birmingham, West Midlands B17 0SU2
£191K04/210.05 mi72, Fredas Grove, Harborne, Birmingham, West Midlands B17 0SY2
£285K05/230.05 mi11, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£230K05/210.05 mi55, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£260K05/230.05 mi55, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£246K03/210.05 mi67, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£280K02/210.16 mi180, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£301.4K03/210.16 mi67, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£295K08/230.16 mi156, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£305K02/230.16 mi164, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£238K10/200.18 mi65, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£315K07/230.18 mi70, Vicarage Road, Harborne, Birmingham, West Midlands B17 0SP2
£280K04/210.19 mi39, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£315K06/230.23 mi34, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£289.3K06/210.23 mi26, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£287K04/210.23 mi20, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£285K03/230.24 mi63, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AA2
£225K12/200.27 mi28, Milford Road, Harborne, Birmingham, West Midlands B17 9RL2
£285K02/210.29 mi5, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£269.5K10/200.29 mi31, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£273K02/210.3 mi82, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£270K04/210.3 mi124, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£260K11/200.3 mi30, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH2
£298.5K03/210.33 mi28, St Peters Road, Harborne, Birmingham, West Midlands B17 0AY2
£257.5K12/200.36 mi74, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£225K04/210.38 mi24, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£240K08/210.38 mi81, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£172K11/200.38 mi25, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£229K03/210.38 mi40, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£270K12/220.38 mi38, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£375K08/230.39 mi109, Queens Park Road, Birmingham, West Midlands B32 2LB2
£147K12/210.4 mi21, Math Meadow, Birmingham, West Midlands B32 2NU2
£164K01/230.42 mi76, Blandford Road, Birmingham, West Midlands B32 2LP2
£170K10/230.42 mi58, Blandford Road, Birmingham, West Midlands B32 2LP2
£236K04/230.42 mi84, Blandford Road, Birmingham, West Midlands B32 2LP2
£299.9K12/220.45 mi35, Earls Court Road, Birmingham, West Midlands B17 9AH2
£315K06/230.45 mi27, Earls Court Road, Birmingham, West Midlands B17 9AH2
£300K05/230.45 mi56, Earls Court Road, Birmingham, West Midlands B17 9AH2
£325K03/210.45 mi55, Earls Court Road, Birmingham, West Midlands B17 9AH2
£287K08/210.45 mi54, Earls Court Road, Birmingham, West Midlands B17 9AH2
£250K05/210.45 mi65, Earls Court Road, Birmingham, West Midlands B17 9AH2
£346K01/230.46 mi93, Queens Park Road, Birmingham, West Midlands B32 2LB2
£150K07/210.5 mi3, Hunslet Road, Birmingham, West Midlands B32 2PL2
£305K11/210.5 mi5, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£325K06/210.5 mi31, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£326K03/230.5 mi43, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£261K11/200.51 mi65, Hampton Court Road, Birmingham, West Midlands B17 9AG2
£261K11/200.51 mi65, Hampton Court Road, Birmingham, West Midlands B17 9AG2
£240K12/200.51 mi76, Hampton Court Road, Birmingham, West Midlands B17 9AF2
£270K12/220.51 mi29, Hampton Court Road, Birmingham, West Midlands B17 9AF2

Local Rents

41 rents from £758/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15004/250.02 mi-2
£1,15012/240.04 miNorthfield Road, Harborne, B172
£1,10012/240.05 miNorthfield Road, Harborne, Birmingham2
£89512/240.05 miFredas Grove, Harborne, Birmingham, B172
£89512/240.1 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2
£1,27503/240.21 mi-2
£1,27512/240.21 miChurchcroft, Harborne, Birmingham, B172
£1,10012/240.24 miHartledon Road, Harborne2
£1,10012/240.24 miHartledon Road, Harborne2
£97512/240.27 miMilford Road, BIRMINGHAM2
£1,25001/250.27 mi-2
£1,28012/240.33 miSt Peters Road, Harborne, BIRMINGHAM2
£99903/250.35 mi-2
£1,05012/240.36 miWisley Way, Birmingham2
£95012/240.37 miKelfield Avenue, Birmingham, B172
£1,44312/240.38 miStudent 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH2
£75812/240.38 miDeluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham2
£1,00012/240.39 miCourt Oak Road, Harbrone, B172
£95012/240.39 miKelfield Avenue, Birmingham2
£99501/250.4 mi-2
£90012/240.41 miMath Meadow, Birmingham2
£1,05012/240.42 mi-2
£92512/240.42 miBlandford Road, Quinton, Birmingham, B32 2LP2
£95012/240.45 miFrankley Terrace, Lordswood Road2
£1,25012/240.47 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£1,15012/240.47 miCourt Oak Road, Harborne, B172
£1,19512/240.48 miThe Lords, Lordswood Road, Harborne2
£1,35012/240.49 miHarborne Village Apartments, High Street, Harborne, B172
£1,10012/240.5 miWood Lane, Harborne2
£1,09512/240.5 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£97501/240.51 mi-2
£1,00012/240.51 miHampton Court Road, Harborne, Birmingham, B172
£1,00012/240.51 miHampton Court Road, Harborne, Birmingham, B172
£1,15012/240.51 miHampton Court Road, Harborne, B172
£1,10012/240.51 miHampton Court Road, Harborne2
£99512/240.51 miHampton Court Road, Harborne, Birmingham, B17 9AE2
£1,20004/250.55 mi-2
£1,10002/240.57 mi-2
£1,10004/250.57 mi-2
£1,10012/240.57 miYewdale, Birmingham, B172
£1,10012/240.6 miDufton Road, Quinton, BIRMINGHAM2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.73 miles away

Nearest school

0.20 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £210,000

September 15, 2024

Sold for £160,000

2016

Sold for £74,000

2011

Floor Plans

Description

  • Two Double Bedrooms +
  • In Need Of Some Modernisation +
  • Cul-De-Sac Location +
  • No Onward Chain +
  • Rear Views Of Harborne Golf Club +
  • Off Road Parking +
  • Garage En Bloc +

This charming terrace home is nestled in a peaceful cul-de-sac, offering a quiet retreat while remaining conveniently close to essential amenities. Located within easy reach of bus routes and the vibrant Harborne High Street, this property provides a perfect blend of tranquility and accessibility.

Upon entering, you'll find a porch leading into the hallway, which connects to a well-appointed kitchen. The spacious living/dining room is the heart of the home, featuring a door that opens onto a private rear garden, backing on to Harborne Golf Club, perfect for enjoying peaceful outdoor moments.

Upstairs, there are two comfortable bedrooms, both designed for relaxation, and a shower room. The property also benefits from off-road parking for one car, as well as the added convenience of a garage in a separate block.

Offered with no onward chain, this home presents an excellent opportunity for first-time buyers, investors looking for a buy-to-let property, or those seeking to downsize in a highly desirable location.

Agent Details

haart, Harborne

0121 387 6520

Next Steps?

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