2 Bed Terraced House, Refurb/BRRR, Birmingham, B12 8UY, £150,000

Ombersley Road, Birmingham, B12 8UY - 27 views - 7 months ago

Under Offer
Refurb/BRRR
ROI: 10%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£112.5K - £375K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£148,494

 

 

End Value (After Refurb)

£149,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£26,958

Bridging Loan Interest

£3,938

Total Cash In

£75,845

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£149,875

Mortgage (After Refinance)

£112,406

Mortgage LTV

75%

Cash Left In

£75,845

Equity

£37,469

Rent Range

£825 - £3,344

Rent Estimate

£1,383

Running Costs/mo

£765

Cashflow/mo

£618

Cashflow/yr

£7,416

ROI

10%

Gross Yield

11%

Local Sold Prices

27 sold prices from £112.5K to £375K, average is £160K. £1.3K/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£160K12/200.11 mi100, St Pauls Road, Sparkhill, Birmingham, West Midlands B12 8LS2
£153K08/210.32 mi232, Clifton Road, Balsall Heath, Birmingham, West Midlands B12 8RU2
£112.5K11/220.33 mi135, Kyrwicks Lane, Sparkbrook, Birmingham, West Midlands B11 1SS2
£155K10/220.36 mi34, Roshven Road, Birmingham, West Midlands B12 8DB2
£145K12/220.42 mi7, Pembroke Road, Birmingham, West Midlands B12 8QG2
£150K06/210.52 mi43, Roderick Road, Birmingham, West Midlands B11 1UE2
£125K11/200.54 mi46, Madeley Road, Birmingham, West Midlands B11 1UX2
£155K06/220.54 mi31, Gosford Street, Balsall Heath, Birmingham, West Midlands B12 9ER2
£165K02/210.58 mi18, Mary Street, Balsall Heath, Birmingham, West Midlands B12 9ST2
£190K06/220.63 mi43, Balfour Street, Birmingham, West Midlands B12 9SY2
£235K07/230.64 mi16, Admiral Place, Moseley, Birmingham, West Midlands B13 8BQ2
£123K05/210.67 mi329, Golden Hillock Road, Sparkbrook, Birmingham, West Midlands B11 2QL2
£170K08/220.69 mi31, Alpha Close, Birmingham, West Midlands B12 9HF2
£141K11/200.73 mi29, Gough Road, Greet, Birmingham, West Midlands B11 2NG2
£210K06/220.79 mi77, Jakeman Road, Birmingham, West Midlands B12 9NU2
£140K08/210.79 mi27, Lea Road, Sparkhill, Birmingham, West Midlands B11 3LT2
£130K06/210.81 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£165K05/210.83 mi44, Evelyn Road, Birmingham, West Midlands B11 3JN2
£375K12/200.84 mi11, Laburnum Grove, Birmingham, West Midlands B13 8EL2
£375K08/210.84 mi4, Laburnum Grove, Birmingham, West Midlands B13 8EL2
£353K05/210.88 mi11, King Edward Road, Moseley, Birmingham, West Midlands B13 8HR2
£205K04/220.89 mi50, Princess Road, Birmingham, West Midlands B5 7PU2
£165K06/210.9 mi7, Berrington Walk, Birmingham, West Midlands B5 7BX2
£165K06/220.9 mi7, Berrington Walk, Birmingham, West Midlands B5 7BX2
£136K11/200.92 mi87, Avondale Road, Birmingham, West Midlands B11 3JU2
£195K02/220.95 mi9, Hay Park, Birmingham, West Midlands B5 7LT2
£142.5K02/230.98 mi22, Geoffrey Road, Birmingham, West Midlands B11 4HU2

Local Rents

27 rents from £825/mo to £3.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95003/240.26 miStratford Road, Sparkhill2
£98502/240.28 mi-2
£1,70002/250.28 mi-2
£85002/250.31 mi-2
£1,10001/250.32 miPark View, Darwin Street, Birmingham, B122
£85012/240.49 miCromer Road Birmingham B12 9QP2
£1,40003/250.53 mi-2
£1,80003/250.53 mi-2
£1,27512/240.53 mi-2
£97512/240.53 miCromer Road, Brimingham, B122
£1,05012/240.55 mi100B Tindal Street, Birmingham2
£92512/240.55 mi100B Tindal Street, Birmingham2
£1,05012/240.55 mi100B Tindal Street, Birmingham2
£95002/240.55 mi-2
£2,00004/250.57 mi-2
£3,34403/240.57 mi-2
£1,45003/240.57 mi-2
£3,34412/240.57 miParkes Avenue, Birmingham, B122
£82503/240.58 miVictory House, Trafalgar Road, Moseley, Birmingham2
£1,55012/240.6 miParkes Avenue, Belgrave Village, B122
£1,20012/240.6 mi53 Parkes Avenue, Belgrave Village, BIRMINGHAM2
£1,40012/240.6 miParkes Avenue, Belgrave Village, Birmingham2
£1,40012/240.6 miBelgrave Village, BIRMINGHAM2
£1,40012/240.6 miBelgrave Village, Parkes Avenue, Birmingham, B12 9AW2
£1,90011/240.61 mi-2
£2,00004/250.61 mi-2
£1,25012/240.61 miEden Avenue, BIRMINGHAM2

Local Area Statistics

Population in B12

20,547

Population in Birmingham

1,034,821

Town centre distance

0.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £150,000

October 1, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Two Reception Rooms +
  • Central Heating And Double Glazing +
  • In Need Of Some Modernisation +
  • Popular And Convenient Residential Location +

The Property
A great opportunity to acquire this two-bedroom property which is ideally located next to Ladypool Road in a prime residential location. The property features two double bedrooms, two reception rooms, kitchen, a ground bath room room, front garden and rear court yard. The property would be an ideal purchase for first time buyers, families, landlords or investors and would benefit from a degree of modernisation.
The property is situated in a popular and convenient residential location close to local amenities such as shops, schools, and restaurants. It offers excellent links into Birmingham City Centre, Solihull and to the motorway network.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Birmingham

024 7542 7306

Next Steps?

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