3 Bed Terraced House, Refurb/BRRR, Birmingham, B8 2EG, £180,000

Morris Road, Birmingham, West Midlands, B8 2EG - 5 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£60K - £375K
Sold Prices/m²£612/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£207,308

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£36,800

Bridging Loan Interest

£4,725

Total Cash In

£94,875

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,308

Mortgage (After Refinance)

£155,481

Mortgage LTV

75%

Cash Released

£20,481

Cash Left In

£74,394

Equity

£51,827

Rent Range

£950 - £3,000

Rent Estimate

£1,429

Running Costs/mo

£954

Cashflow/mo

£475

Cashflow/yr

£5,704

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £60K to £375K, average is £195K. £612/m² to £4.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£60K03/210.03 mi5, Stretton Grove, Birmingham, West Midlands B8 2EF3
£162.5K03/210.06 mi97, Foley Road, Birmingham, West Midlands B8 2JR3
£210K06/210.06 mi251, St Margarets Road, Ward End, Birmingham, West Midlands B8 2DY3
£190K06/230.09 mi106, Morley Road, Birmingham, West Midlands B8 2HX3
£240K06/210.11 mi86, Morris Road, Washwood Heath, Birmingham, West Midlands B8 2ED3
£190K11/220.12 mi15, Southern Road, Birmingham, West Midlands B8 2EJ3
£150K12/200.12 mi20, Southern Road, Birmingham, West Midlands B8 2EH3
£200K05/230.13 mi27, Foley Road, Birmingham, West Midlands B8 2JT3
£350K02/230.14 mi617, Bromford Lane, Washwood Heath, Birmingham, West Midlands B8 2EB3
£190K07/220.15 mi53, Twyford Road, Ward End, Birmingham, West Midlands B8 2NH3
£230K08/220.15 mi39, Twyford Road, Ward End, Birmingham, West Midlands B8 2NH3
£245K06/230.16 mi278, St Margarets Road, Ward End, Birmingham, West Midlands B8 2RH3
£288K09/210.16 mi27, Old Bromford Lane, Birmingham, West Midlands B8 2RG3
£186K05/210.17 mi26, Mickleover Road, Birmingham, West Midlands B8 2NE3
£165K05/230.17 mi10, Rogers Road, Birmingham, West Midlands B8 2JH3
£210K02/210.18 mi492, Bromford Lane, Washwood Heath, Birmingham, West Midlands B8 2RS3
£200K03/230.19 mi3, William Cook Road, Birmingham, West Midlands B8 2HS3
£210K11/220.2 mi12, Morley Road, Birmingham, West Midlands B8 2HR3
£215K08/220.2 mi86, Old Bromford Lane, Birmingham, West Midlands B8 2RP3
£148.5K05/210.2 mi19, Morley Road, Birmingham, West Midlands B8 2HR3
£155K04/210.2 mi4, Morley Road, Birmingham, West Midlands B8 2HR3
£120K06/210.2 mi6, Morley Road, Birmingham, West Midlands B8 2HR3
£275K02/210.21 mi6, Wilkinson Croft, Birmingham, West Midlands B8 2RE3
£145K11/200.21 mi619, Bromford Lane, Washwood Heath, Birmingham, West Midlands B8 2EN3
£340K12/210.22 mi8, Wilkinson Croft, Birmingham, West Midlands B8 2RE3
£178K08/210.22 mi785, Washwood Heath Road, Birmingham, West Midlands B8 2NP3
£244K02/210.23 mi45, Lindale Avenue, Birmingham, West Midlands B36 8HH3
£207K01/230.25 mi147, St Margarets Road, Ward End, Birmingham, West Midlands B8 2BD3
£160K11/220.26 mi41, Asquith Road, Birmingham, West Midlands B8 2HP3
£160K04/210.26 mi33, Asquith Road, Birmingham, West Midlands B8 2HP3
£158K06/210.27 mi129, St Margarets Road, Ward End, Birmingham, West Midlands B8 2BD3
£185K03/230.28 mi57, St Josephs Road, Birmingham, West Midlands B8 2JX3
£120K07/230.29 mi66, Asquith Road, Birmingham, West Midlands B8 2HL3
£245K06/220.29 mi957, Alum Rock Road, Birmingham, West Midlands B8 2LX3
£150K01/230.3 mi36, Asquith Road, Birmingham, West Midlands B8 2HL3
£255K03/210.3 mi901, Alum Rock Road, Birmingham, West Midlands B8 2LX3
£259K06/230.3 mi945, Alum Rock Road, Birmingham, West Midlands B8 2LX3
£178K03/210.31 mi57, Chetwynd Road, Birmingham, West Midlands B8 2LB3
£320K03/230.32 mi40, Radstock Avenue, Birmingham, West Midlands B36 8HD3
£375K02/210.32 mi55, Radstock Avenue, Birmingham, West Midlands B36 8HD3
£340K05/230.32 mi49, Radstock Avenue, Birmingham, West Midlands B36 8HD3
£190K01/210.32 mi11, Thornton Road, Birmingham, West Midlands B8 2LQ3
£168K04/210.35 mi894, Alum Rock Road, Birmingham, West Midlands B8 2LU3
£315K12/220.35 mi62, Radstock Avenue, Birmingham, West Midlands B36 8HD3
£152K04/210.36 mi59, St Margarets Road, Ward End, Birmingham, West Midlands B8 2BB3
£200K12/200.37 mi121, Fairholme Road, Birmingham, West Midlands B36 8HL3
£173K03/210.37 mi93, Fairholme Road, Birmingham, West Midlands B36 8HL3
£238K09/220.37 mi49, Stechford Lane, Birmingham, West Midlands B8 2AW3
£256K07/220.37 mi37, Stechford Lane, Birmingham, West Midlands B8 2AW3
£145K10/200.38 mi26, Bamville Road, Birmingham, West Midlands B8 2TL3

Local Rents

15 rents from £950/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95012/240.12 miSouthern Road, BIRMINGHAM3
£1,20012/240.28 miGilpin Close, Birmingham, West Midlands, B83
£1,40012/230.35 mi-3
£1,45003/240.35 mi-3
£1,25012/230.38 mi-3
£1,25012/230.38 mi-3
£1,60001/240.45 mi-3
£1,50012/240.48 mi-3
£1,20012/240.49 mi-3
£3,00003/240.52 mi-3
£1,15010/230.57 mi-3
£1,05002/240.57 mi-3
£1,40012/240.57 mi-3
£1,55011/240.59 mi-3
£1,25012/240.62 mi-3

Local Area Statistics

Population in B8

42,227

Population in Birmingham

1,034,821

Town centre distance

3.18 miles away

Nearest school

0.30 miles away

Nearest train station

0.94 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Listed for £180,000

October 1, 2024

Floor Plans

Description

In need of modernisation this three BEDROOM end terrace is sure to be popular. The accommodation comprises: entrance hall, lounge, sitting room, kitchen, ground floor WC, conservatory, three bedrooms and a family bathroom/WC upstairs. Outside there are gardens front and rear. Must be viewed at this price.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

QSR240213/2

Agent Details

YOUR MOVE Murray Rogers, Stechford

0121 387 6313

Next Steps?

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