2 Bed Detached House, Refurb/BRRR, Birmingham, B44 8TA, £230,000

Dyas Road, Great Barr, B44 8TA - 4 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+22 photos

ValuationOvervalued

Sold Prices£128K - £220K
Sold Prices/m²£1.8K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£167,879

 

 

End Value (After Refurb)

£205,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£26,951

Bridging Loan Interest

£6,038

Total Cash In

£100,339

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£205,000

Mortgage (After Refinance)

£153,750

Mortgage LTV

75%

Cash Left In

£100,339

Equity

£51,250

Rent Range

£800 - £1,150

Rent Estimate

£889

Running Costs/mo

£838

Cashflow/mo

£51

Cashflow/yr

£607

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £128K to £220K, average is £173.3K. £1.8K/m² to £6.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£160K02/210.17 mi207, Dyas Road, Great Barr, Birmingham, West Midlands B44 8SY2
£185K08/230.17 mi247, Dyas Road, Great Barr, Birmingham, West Midlands B44 8SY2
£195K03/230.17 mi267, Dyas Road, Great Barr, Birmingham, West Midlands B44 8SY2
£196K07/230.18 mi44, Regina Avenue, Birmingham, West Midlands B44 8TH2
£151.5K01/210.18 mi42, Regina Avenue, Birmingham, West Midlands B44 8TH2
£165K05/230.27 mi36, Felstone Road, Birmingham, West Midlands B44 9AB2
£160K02/210.29 mi44, Old Oscott Lane, Birmingham, West Midlands B44 8TP2
£175K02/230.29 mi128, Old Oscott Lane, Birmingham, West Midlands B44 8TS2
£205K01/230.29 mi98, Old Oscott Lane, Birmingham, West Midlands B44 8TS2
£145K03/210.29 mi72, Old Oscott Lane, Birmingham, West Midlands B44 8TS2
£138K08/210.36 mi180, Dyas Road, Great Barr, Birmingham, West Midlands B44 8SW2
£165K09/210.37 mi37, Cavandale Avenue, Birmingham, West Midlands B44 9TW2
£153K03/210.37 mi30, Cavandale Avenue, Birmingham, West Midlands B44 9TW2
£205K07/230.37 mi34, Cavandale Avenue, Birmingham, West Midlands B44 9TW2
£171K05/210.37 mi82, Birkenshaw Road, Birmingham, West Midlands B44 8UJ2
£155K10/210.41 mi28, Birdbrook Road, Birmingham, West Midlands B44 8RB2
£210K08/230.41 mi88, Birdbrook Road, Birmingham, West Midlands B44 8RD2
£182.5K12/220.42 mi11, Smalldale Road, Birmingham, West Midlands B42 2RX2
£165K08/210.43 mi48, Hathersage Road, Birmingham, West Midlands B42 2RZ2
£136K10/200.43 mi280, Birdbrook Road, Birmingham, West Midlands B44 9TS2
£128K02/210.43 mi254, Birdbrook Road, Birmingham, West Midlands B44 9TS2
£181K09/210.43 mi246, Birdbrook Road, Birmingham, West Midlands B44 9TS2
£165K01/210.45 mi257, Birdbrook Road, Birmingham, West Midlands B44 9TY2
£175K08/230.46 mi208, Birdbrook Road, Birmingham, West Midlands B44 9TP2
£175K09/210.46 mi5, Bradfield Road, Birmingham, West Midlands B42 2RT2
£162K01/230.46 mi218, Birdbrook Road, Birmingham, West Midlands B44 9TP2
£164.2K12/200.46 mi155, Birdbrook Road, Birmingham, West Midlands B44 8SA2
£172.5K04/210.47 mi24, Caddick Road, Birmingham, West Midlands B42 2RJ2
£174K04/210.47 mi70, Caddick Road, Birmingham, West Midlands B42 2RJ2
£170K07/210.47 mi48, Caddick Road, Birmingham, West Midlands B42 2RJ2
£175K02/210.47 mi16, Caddick Road, Birmingham, West Midlands B42 2RJ2
£180K07/210.47 mi19, Caddick Road, Birmingham, West Midlands B42 2RL2
£172K12/200.47 mi47, Caddick Road, Birmingham, West Midlands B42 2RL2
£187K04/230.47 mi49, Caddick Road, Birmingham, West Midlands B42 2RL2
£170K05/210.48 mi112, Booths Lane, Birmingham, West Midlands B42 2RD2
£155K11/200.48 mi82, Booths Lane, Birmingham, West Midlands B42 2RD2
£181K02/210.49 mi71, Booths Lane, Birmingham, West Midlands B42 2RG2
£188K01/210.49 mi79, Booths Lane, Birmingham, West Midlands B42 2RG2
£200K10/220.49 mi75, Booths Lane, Birmingham, West Midlands B42 2RG2
£208K03/230.49 mi17, Courtenay Road, Birmingham, West Midlands B44 8JB2
£166K06/230.49 mi63, Courtenay Road, Birmingham, West Midlands B44 8JB2
£155K08/210.51 mi52, Harleston Road, Great Barr, Birmingham, West Midlands B44 8RR2
£220K06/230.51 mi18, Bowman Road, Birmingham, West Midlands B42 2RH2
£200K07/230.51 mi31, Ashworth Road, Birmingham, West Midlands B42 2RB2
£193.5K09/210.54 mi33, Bowman Road, Birmingham, West Midlands B42 2RN2
£145K03/210.54 mi61, Bowman Road, Birmingham, West Midlands B42 2RN2
£175K04/210.54 mi67, Bowman Road, Birmingham, West Midlands B42 2RN2
£210K08/230.54 mi21, Bowman Road, Birmingham, West Midlands B42 2RN2
£192K02/230.55 mi59, Lingfield Avenue, Birmingham, West Midlands B44 9TX2
£135K05/210.55 mi35, Lingfield Avenue, Birmingham, West Midlands B44 9TX2

Local Rents

13 rents from £800/mo to £1.1K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£92512/240.18 miRegina Avenue, Kingstanding2
£1,00012/240.26 miElliston Avenue, BIRMINGHAM2
£1,05004/250.35 mi-2
£1,05004/250.35 mi-2
£80012/240.37 miVicarage Close Great Barr Birmingham B42 2QU2
£80012/240.37 miVicarage Close Great Barr Birmingham B42 2QU2
£1,10003/250.42 mi-2
£90012/240.46 miBirdbrook Road, BIRMINGHAM2
£89503/250.46 mi-2
£89503/250.46 mi-2
£97503/240.52 mi-2
£82512/240.6 miAtlantic Road, Great Barr, Birmingham, West Midlands2
£1,15011/240.6 mi-2

Local Area Statistics

Population in B44

37,447

Population in Birmingham

1,034,821

Town centre distance

5.55 miles away

Nearest school

0.10 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Seller's market

Capital growth (5yrs)

+46%

Property History

Listed for £230,000

October 2, 2024

Floor Plans

Description

  • DETACHED FAMILY HOME +
  • CLOSE TO LOCAL SCHOOLS AND AMENITIES +
  • TWO BEDROOMS +
  • CORNER PLOT +
  • DRIVEWAY +
  • GARAGE +
  • NO CHAIN +
  • PRIME LOCATION +

* DRAFT DETAILS - AWAITING VENDOR APPROVAL

This two bedroom detached house for sale is an opportunity brimming with potential for those willing to undertake some renovation work. The property currently offers two generously sized double bedrooms, providing ample living space for both families and couples.

The house is further complemented by two distinct reception rooms. The first one is a delightful space with large windows that flood the room with natural light, creating a bright and welcoming atmosphere. The second reception room boasts a serene garden view, adding a touch of tranquillity to the home.

The property also includes a practical kitchen space. While it currently needs some renovation, this space could be transformed into the heart of your home with some attention and creativity.

In addition to the indoor rooms, the property boasts unique outdoor features. A private garage offers secure parking and storage solutions, while additional parking space is a welcome convenience. The garden is another exciting feature, providing a perfect space for outdoor activities or gardening projects.

Location is a strong point for this property. It benefits from excellent public transport links, making daily commuting or spontaneous trips a breeze. There are also several nearby schools, making it an ideal home for families with school-aged children. Local amenities are within easy reach, ensuring you have everything you need close to home.

In conclusion, this house, requiring renovation, offers a chance to create a beautiful family home tailored to your tastes. With its unique features and superb location, it's a property that certainly merits your consideration. 

HALLWAY Ceiling light point, stairs to first floor. 

LIVING ROOM 12' 2" x 11' 0" (3.71m x 3.35m) Bay window to front, ceiling light point, electric heating system. 

LOUNGE AREA 15' 0" x 12' 8" (4.57m x 3.86m) Ceiling light point, wall lights, window to rear, electric heaters, under stairs storage area. 

KITCHEN 13' 0" x 6' 0" (3.96m x 1.83m) Wall and base units, window to front, window to rear, sink, free-standing oven, door to rear garden. 

FIRST FLOOR LANDING Ceiling light, window to side. 

BEDROOM ONE 14' 4" x 9' 2" (4.37m x 2.79m) Ceiling light point, electric heater, window to front. 

BEDROOM TWO 13' 4" x 8' 6" (4.06m x 2.59m) Window to rear, ceiling light point. 

BATHROOM 7' 0" x 5' 6" (2.13m x 1.68m) Toilet, sink, bath, electric shower, ceiling light point, window to rear. 

OUTSIDE Paved, sheds, lawned area, garage and driveway to the rear.
(Please ensure that prior to legal commitment you check that any garage facility is suitable for your own vehicular requirements). Garage couldn't be measured. 

Council Tax Band C - Birmingham City Council

Predicted mobile phone coverage and broadband services at the property:

Mobile coverage - voice likely available for EE and Vodafone, limited for Three and O2 and data likely available for EE and limited for Three, O2 and Vodafone.

Broadband coverage:-
Broadband Type = Standard Highest available download speed 12 Mbps. Highest available upload speed 1 Mbps.
Broadband Type = Superfast Highest available download speed 80 Mbps. Highest available upload speed 20 Mbps.
Broadband Type = Ultrafast Highest available download speed 1000 Mbps. Highest available upload speed 220 Mbps.
Networks in your area - Virgin Media, Openreach

The mobile and broadband information above has been obtained from the Mobile and Broadband checker - Ofcom website.

Sellers are asked to complete a Property Information Questionnaire for the benefit of buyers. This questionnaire provides further information and declares any material facts that may affect your decision to view or purchase the property. This document will be available on request.

Looking to make an offer? We are committed to finding the right buyer for the right property and try to do everything we can from the outset to ensure the sales we agree, subject to contract, will proceed to completion of contracts within a fair time frame that meets all parties' expectations. At one point during the offer negotiations, one of our branch-based mortgage advisers will call to financially qualify your offer. We recommend that you take this advice before making an offer.

BUYERS COMPLIANCE ADMINISTRATION FEE: in accordance with the Money Laundering Regulations 2007, Estate Agents are required to carry out due diligence on all clients to confirm their identity, including eventual buyers of a property. Green and Company use an electronic verification system to verify Clients' identity. This is not a credit check, so it will have no effect on credit history. By placing an offer on a property, you agree (all buyers) that if the offer is accepted, subject to contract, we, as Agents for the seller, can complete this check for a fee of £25 plus VAT (£30 inc VAT), which is non-refundable under any circumstance. A record of the search will be retained securely by Green and Company within the electronic property file of the relevant property.

FIXTURES AND FITTINGS as per sales particulars.

TENURE
The Agent understands that the property is freehold. However we are still awaiting confirmation from the vendors Solicitors and would advise all interested parties to obtain verification through their Solicitor or Surveyor.

GREEN AND COMPANY has not tested any apparatus, equipment, fixture or services and so cannot verify they are in working order, or fit for their purpose. The buyer is strongly advised to obtain verification from their Solicitor or Surveyor. Please note that all measurements are approximate.

If you require the full EPC certificate direct to your email address please contact the sales branch marketing this property and they will email the EPC certificate to you in a PDF format

WANT TO SELL YOUR OWN PROPERTY?
CONTACT YOUR LOCAL GREEN & COMPANY BRANCH ON

Agent Details

Green & Company, Great Barr

0121 387 6644

Next Steps?

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