4 Bed Terraced House, Refurb/BRRR, Birmingham, B11 1SS, £320,000

Kyrwicks Lane, Sparkbrook, Birmingham, B11 1SS - 6 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~129 m²
+11 photos

ValuationOvervalued

Sold Prices£140K - £420K
Sold Prices/m²£927/m² - £3.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.5K/m²

Value Estimate

£267,972

 

 

End Value (After Refurb)

£268,912

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£80,000

Stamp Duty & Legal Fees

£14,300

Refurb Costs

£51,147

Bridging Loan Interest

£8,400

Total Cash In

£155,597

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£268,912

Mortgage (After Refinance)

£201,684

Mortgage LTV

75%

Cash Left In

£155,597

Equity

£67,228

Rent Range

£1,000 - £4,805

Rent Estimate

£1,813

Running Costs/mo

£1,223

Cashflow/mo

£590

Cashflow/yr

£7,081

ROI

5%

Gross Yield

7%

Local Sold Prices

23 sold prices from £140K to £420K, average is £275K. £927/m² to £3.7K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£225K07/220.29 mi78, Ombersley Road, Birmingham, West Midlands B12 8XB4
£225K01/230.29 mi82, Ombersley Road, Birmingham, West Midlands B12 8XB4
£246.5K01/210.36 mi79, Stanhope Street, Birmingham, West Midlands B12 0UX4
£255K09/210.37 mi252, Stratford Road, Sparkhill, Birmingham, West Midlands B11 1AD4
£318K07/220.48 mi20, Vaughton Street, Birmingham, West Midlands B12 0SS4
£275K06/220.7 mi9, Chesterton Road, Birmingham, West Midlands B12 8HL4
£255K07/220.76 mi9, Whitby Road, Birmingham, West Midlands B12 8QA4
£303K02/230.81 mi98, Southacre Avenue, Birmingham, West Midlands B5 7DE4
£246K04/210.81 mi94, Southacre Avenue, Birmingham, West Midlands B5 7DE4
£265K07/220.82 mi7, Murrell Close, Birmingham, West Midlands B5 7NB4
£297.8K05/230.83 mi81, Jakeman Road, Birmingham, West Midlands B12 9NU4
£420K08/230.84 mi14, Speedwell Road, Birmingham, West Midlands B5 7PS4
£195K07/210.85 mi63, Minster Drive, Birmingham, West Midlands B10 0LD4
£353K12/220.86 mi51, Chestnut Road, Birmingham, West Midlands B13 9AJ4
£316K08/220.89 mi8, Harbury Road, Birmingham, West Midlands B12 9NQ4
£360K04/230.9 mi4, Chestnut Road, Birmingham, West Midlands B13 9AH4
£140K06/220.91 mi48, Eastwood Road, Balsall Heath, Birmingham, West Midlands B12 9NB4
£300K04/230.91 mi32, Langley Road, Small Heath, Birmingham, West Midlands B10 0TL4
£336K08/220.93 mi37, Willows Crescent, Birmingham, West Midlands B12 9NS4
£310K06/230.96 mi51, Willows Crescent, Birmingham, West Midlands B12 9NE4
£300K11/220.99 mi24, Raglan Road, Edgbaston, Birmingham, West Midlands B5 7RA4
£175K04/230.99 mi47, Hangleton Drive, Birmingham, West Midlands B11 2QD4
£240K03/211 mi10, Wynn Street, Birmingham, West Midlands B15 2EQ4

Local Rents

51 rents from £1K/mo to £4.8K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.26 mi-3
£1,00012/240.3 miHereford Avenue, Woodfield Road, Birmingham3
£1,39912/240.3 mi-3
£1,50011/240.31 mi-3
£1,60004/250.31 mi-3
£1,85012/240.33 miAVAILABLE IMMEDIATELY! £142.31 PPPW Three Bedroom House in Parkes Avenue, B12 9AW3
£3,49503/250.35 mi-4
£1,98003/250.35 mi-3
£2,20001/240.35 mi-3
£2,20001/240.35 mi-3
£1,90012/240.35 miBelgrave Village, Bird Close, Birmingham, B123
£1,60004/240.36 miGladstone Road, Sparkbrook, BIRMINGHAM6
£1,85012/240.36 miAVAILABLE IMMEDIATELY! £142.31 PPPW Three Bedroom House in Parkes Avenue, B12 9AW3
£1,85012/240.36 miAVAILABLE IMMEDIATELY! £142.31 PPPW Three Bedroom House in Parkes Avenue, B12 9AW3
£1,85012/240.36 miAVAILABLE IMMEDIATELY! £142.31 PPPW Three Bedroom House in Parkes Avenue, B12 9AW3
£1,85012/240.36 miAVAILABLE IMMEDIATELY! £142.31 Parkes Avenue, B12 9AW. Available on 24 January 20243
£1,85012/240.36 miAVAILABLE IMMEDIATELY! Parkes Avenue, B12 9AW3
£1,85012/240.36 miAVAILABLE IMMEDIATELY! £142.31 PPPW Parkes Avenue, B12 9AW. Available on Mid January 20243
£1,85012/240.36 miAVAILABLE IMMEDIATELY! £142.31 PPPW Three Bedroom House in Parkes Avenue, B12 9AW3
£1,70012/240.37 miBird Close, Birmingham, B123
£1,95012/240.37 miBelgrave Middleway, Birmingham, B5 7LH3
£1,70002/240.37 mi-3
£1,70005/240.37 mi-3
£1,70003/240.37 mi-3
£1,70012/240.37 mi-3
£4,80501/250.37 mi-3
£1,95012/240.37 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,80003/250.37 mi-3
£1,85012/240.37 miBird Close, Birmingham, B123
£1,85005/240.37 mi-3
£1,95012/240.38 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.38 miBelgrave Middleway, Birmingham, B12 9AP3
£1,70003/240.38 mi-3
£1,50002/250.38 mi-3
£1,95012/240.38 miBelgrave Middleway, Birmingham, B12 9AP3
£1,85012/240.39 miParkes Avenue, Birmingham, B123
£1,85004/240.39 mi-3
£2,20012/240.39 mi-4
£3,00012/240.39 mi-3
£2,20012/240.39 mi-4
£3,30002/250.39 mi-3
£1,85004/250.39 mi-3
£2,40004/250.4 mi-4
£1,85012/240.41 mi-3
£1,75005/240.47 mi-4
£2,10012/240.47 miRowton Lane, Birmingham, B54
£1,60011/240.5 mi-4
£1,70003/250.52 mi-6
£1,60003/240.55 miAnderton Road, Birmingham, B116
£2,30004/250.57 mi-4
£1,35012/240.59 mi-5

Local Area Statistics

Population in B11

44,391

Population in Birmingham

1,034,821

Town centre distance

0.04 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental growth (12m)

+51%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £320,000

September 27, 2024

Floor Plans

Description

  • SPACIOUS END TOWNHOUSE +
  • FOUR BEDROOMS +
  • TWO RECEPTION ROOMS +
  • GENEROUS CORNER PLOT +
  • OFF ROAD PARKING +
  • GENERAL MODERNISATION REQUIRED +
  • POTENTIAL FOR EXTENSION +
  • NO UPWARD CHAIN +

A well proportioned end townhouse occupying a generous plot and offering four bedroom family accommodation with two reception rooms, off road parking and gardens to the front, side and rear. EP Rating C

COUNCIL TAX - BAND B
TENURE - FREEHOLD

Set back from the road behind a deep tarmacadam driveway providing off road parking and flanked by lawned gardens to either side. There is access to the gated side entry and a paved pathway leads to an open canopy porch with doors to bin store and additional storge cupboard and door leading to the reception hall.

The reception hall has laminate flooring, stairs to the first floor with spindle balustrade and open under stairs cloaks/storage space, door to the guest cloakroom with white suite and doors to the kitchen and sitting room.

The spacious sitting room has two double glazed portrait windows to the front and ceiling coving.

The kitchen is fitted with a range of fitted base units with inset sink unit, matching pantry unit, door to fitted storage cupboard, spaces for cooker, washing machine & fridge/freezer, tiled splash backs and a door leading to the dining room with door to a deep storage cupboard and double glazed door flanked by matching side window to the rear garden.

The first floor landing has a door to a deep airing/storage cupboard and doors lead to four good size bedrooms with double glazed windows and bedroom two having doors to two deep storage cupboards over the stairs. The bathroom has a white suite comprising bath with shower over, pedestal was hand basin, low level w.c. and tiling to all walls.

The large rear garden is laid to lawn with fenced boundaries, access to a large garden store and with potential (subject to planning and consents for a rear and side extension).

Agent Details

Robert Oulsnam & Company, Moseley

0121 387 6395

Next Steps?

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