4 Bed Terraced House, Refurb/BRRR, Birmingham, B45 0NW, £180,000

5 Kent Road, Birmingham, West Midlands, B45 0NW - 16 views - 7 months ago

Sold STC

Refurb/BRRR

~129 m²

+21 photos

ValuationFair Value

Sold Prices	£170K - £446K
Sold Prices/m²	£1.9K/m² - £6.7K/m²

Square Metres	~129.26 m²
Price/m²	£1.4K/m²
Value Estimate	£180,000£180,000

End Value (After Refurb)	£265,489£265,489
Uplift in Value	+47%+47%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Refurb Costs	£51,147£51,147
Bridging Loan Interest	£4,725£4,725
Total Cash In	£109,222£109,222

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£265,489£265,489
Agent Fees (1%)	£2,655£2,655
Bridging Loan	£135,000£135,000
Bridging Loan Interest	£4,725£4,725
Flip Profit	£18,613£18,613

Local Sold Prices

36 sold prices from £170K to £446K, average is £318.8K. £1.9K/m² to £6.7K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£170K	12/22	0.02 mi	43, Devon Road, Rubery, Birmingham, West Midlands B45 0NJ	-	-	4	Terraced House
£195K	03/23	0.23 mi	9, Regina Close, Rubery, Birmingham, West Midlands B45 0LT	-	-	4	Terraced House
£295K	03/21	0.41 mi	47, Lyall Gardens, Rubery, Birmingham, West Midlands B45 9YW	-	-	4	Semi-Detached House
£255K	12/20	0.42 mi	54, Clent Road, Rubery, Birmingham, Worcestershire B45 9XE	£2,684	95	4	Semi-Detached House
£300K	10/21	0.46 mi	92, Waseley Road, Rubery, Birmingham, Worcestershire B45 9TW	£2,069	145	4	Semi-Detached House
£370K	05/23	0.46 mi	54, Segbourne Road, Rubery, Birmingham, Worcestershire B45 9SX	-	-	4	Semi-Detached House
£361K	03/21	0.47 mi	29, The Pines, Rubery, Birmingham, West Midlands B45 9FF	£3,505	103	4	Detached House
£380K	04/23	0.47 mi	29, The Pines, Rubery, Birmingham, West Midlands B45 9FF	£3,689	103	4	Detached House
£300K	10/21	0.48 mi	92, Waseley Road, Rubery, Birmingham, Worcestershire B45 9TW	£2,069	145	4	Semi-Detached House
£327K	12/20	0.48 mi	361, Rubery Lane, Rubery, Birmingham, West Midlands B45 9AY	£2,860	114	4	Detached House
£417.5K	12/22	0.49 mi	30, Honeysuckle Way, Rubery, Birmingham, West Midlands B45 9AN	-	-	4	Detached House
£340K	12/20	0.5 mi	24, Leasowe Road, Rubery, Birmingham, Worcestershire B45 9TD	£4,198	81	4	Semi-Detached House
£260K	02/21	0.5 mi	3, Clent Road, Rubery, Birmingham, Worcestershire B45 9UU	£2,626	99	4	Semi-Detached House
£312.5K	12/20	0.51 mi	17, Leasowe Road, Rubery, Birmingham, Worcestershire B45 9TB	£2,350	133	4	Semi-Detached House
£415.9K	03/21	0.54 mi	15, Jenner Drive, Rednal, Birmingham, West Midlands B45 9TQ	£6,674	62	4	Detached House
£335K	10/21	0.54 mi	36, Chapel Rise, Rednal, Birmingham, West Midlands B45 9SN	£6,529	51	4	Detached House
£305K	01/21	0.55 mi	62, Windmill Avenue, Rubery, Birmingham, Worcestershire B45 9TA	£3,389	90	4	Semi-Detached House
£445K	09/21	0.6 mi	63, Rubery Field Close, Rubery, Birmingham, West Midlands B45 9WD	-	-	4	Detached House
£300K	05/23	0.69 mi	2, Reaside Drive, Rednal, Birmingham, West Midlands B45 9WL	£2,941	102	4	Terraced House
£177.5K	11/20	0.7 mi	2, Brook Road, Rubery, Birmingham, Worcestershire B45 9UH	£2,622	68	4	Semi-Detached House
£345K	11/21	0.76 mi	17, Lakewood Drive, Rubery, Birmingham, West Midlands B45 9WE	£2,891	119	4	Detached House
£310K	11/20	0.76 mi	21, Lakewood Drive, Rubery, Birmingham, West Midlands B45 9WE	£3,131	99	4	Detached House
£326K	06/21	0.76 mi	6, Lakewood Drive, Rubery, Birmingham, West Midlands B45 9WE	£3,196	102	4	Detached House
£180K	12/20	0.79 mi	55, Richmond Road, Rubery, Birmingham, Worcestershire B45 9UN	£1,875	96	4	Terraced House
£446K	06/21	0.83 mi	31, Balaams Wood Drive, Northfield, Birmingham, West Midlands B31 5HF	-	-	4	Detached House
£250K	07/23	0.87 mi	1864, Bristol Road South, Rednal, Birmingham, West Midlands B45 9PG	£2,232	112	4	Semi-Detached House
£300K	12/20	0.88 mi	22, Oaklands Way, Birmingham, West Midlands B31 5EA	£2,479	121	4	Detached House
£235K	05/23	0.89 mi	113, Charnwood Close, Rubery, Birmingham, West Midlands B45 0JY	£2,670	88	4	Semi-Detached House
£399.9K	01/21	0.92 mi	14, Birch Avenue, Northfield, Birmingham, West Midlands B31 5HS	£2,531	158	4	Detached House
£300K	06/21	0.92 mi	54, Leach Heath Lane, Rubery, Birmingham, Worcestershire B45 9DF	£2,885	104	4	Semi-Detached House
£410K	01/23	0.93 mi	42, Leach Heath Lane, Rubery, Birmingham, Worcestershire B45 9DB	-	-	4	Detached House
£380K	06/21	0.95 mi	5, Sedgebourne Way, Northfield, Birmingham, West Midlands B31 5HQ	£3,248	117	4	Terraced House
£325K	11/20	0.98 mi	108, Sedgebourne Way, Northfield, Birmingham, West Midlands B31 5HQ	£2,802	116	4	Detached House
£332K	02/21	0.98 mi	32, Sedgebourne Way, Northfield, Birmingham, West Midlands B31 5HQ	£2,744	121	4	Detached House
£326K	02/21	0.98 mi	17, Sedgebourne Way, Northfield, Birmingham, West Midlands B31 5HQ	£2,810	116	4	Detached House
£285K	03/21	1 mi	18, Meadowfield Road, Rubery, Birmingham, Worcestershire B45 9BZ	£2,050	139	4	Semi-Detached House

Local Rents

10 rents from £875/mo to £1.5K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	12/24	0.09 mi	-	3	Semi-Detached House
£1,100	12/24	0.26 mi	Jubilee Road, Rednal, Birmingham	3	Detached House
£900	12/24	0.43 mi	The Doweries, Rednal, Birmingham	3	Flat
£875	12/24	0.44 mi	The Doweries, Rubery	3	Flat
£1,500	12/24	0.47 mi	Rubery Lane, Rednal	4	Detached House
£1,400	12/24	0.47 mi	Rubery Lane, Rednal	4	Detached House
£1,050	01/25	0.48 mi	-	3	Terraced House
£925	12/24	0.51 mi	Dartmoor Close, Rubery B45 0DQ	3	Terraced House
£1,100	12/24	0.58 mi	109 Miranda Close, B45 0EH	3	Flat
£950	12/24	0.62 mi	Brightstone Road, Rednal, Birmingham, West Midlands, B45	3	Terraced House

Local Area Statistics

Population in B45	30,27130,271
Population in Birmingham	1,034,8211,034,821
Town centre distance	7.28 miles away7.28 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.86 miles away1.86 miles away

Rental growth (12m)	+10%+10%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+34%+34%

Property History

Listed for £180,000

September 18, 2024

Sold for £105,000

2007

Floor Plans

Description

Four Bedrooms +
No Chain +
Lounge +
Kitchen Diner +
In Need Of Modernising +
Non Standard Construction +
Spacious Family Home +

* Four Bedrooms - No Chain - Kitchen Diner - Spacious Family Home *

Call Oakmans today to arrange a viewing on this spacious FOUR bedroom family home situated ideally for access to local schools and amenities. The property offers; Entrance hallway, lounge, kitchen diner with access to the rear garden, four well proportioned bedrooms and a family bathroom. The property is in need of some modernisation, however makes a fantastic family home! The property benefits from offering NO CHAIN and has easy access to local supermarkets, schools and public transport links.

Call Oakmans today to arrange your viewing!

The property is non-standard construction and we have been advised is a timber frame. Please ensure you advise your mortgage advisor on application.

The property is Freehold and council tax band B. Please note this information needs verifying via a solicitor and Oakmans cannot be held responsible.

Agent Details

Oakmans Estate Agents, Northfield

0121 728 2215

Next Steps?

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

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