3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B17 0NJ, £315,000

26 Woodleigh Avenue, Birmingham, West Midlands, B17 0NJ - 6 views - 6 months ago

Refurb/BRRR
Planning
ROI: 1%
78 m²
+4 photos

ValuationOvervalued

Sold Prices£150K - £610K
Sold Prices/m²£2.1K/m² - £6K/m²

 

 

Square Metres

78 m²
Price/m²£4K/m²

Value Estimate

£263,963

 

 

End Value (After Refurb)

£295,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£13,900

Refurb Costs

£30,800

Bridging Loan Interest

£8,269

Total Cash In

£133,469

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£295,000

Mortgage (After Refinance)

£221,250

Mortgage LTV

75%

Cash Left In

£133,469

Equity

£73,750

Rent Range

£950 - £2,080

Rent Estimate

£1,335

Running Costs/mo

£1,209

Cashflow/mo

£126

Cashflow/yr

£1,514

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £150K to £610K, average is £257.5K. £2.1K/m² to £6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£315K04/210.02 mi44, Woodleigh Avenue, Birmingham, West Midlands B17 0NJ3
£285K11/200.05 mi35, Woodleigh Avenue, Birmingham, West Midlands B17 0NW3
£226K01/230.08 mi169, Metchley Lane, Birmingham, West Midlands B17 0JL3
£255K08/220.12 mi22, Underwood Close, Edgbaston, Birmingham, West Midlands B15 2SX3
£300K01/230.14 mi2, Hilldrop Grove, Birmingham, West Midlands B17 0NX3
£240K02/220.19 mi23, Roman Way, Birmingham, West Midlands B15 2SL3
£245K07/210.21 mi10, Lynwood Walk, Birmingham, West Midlands B17 0LS3
£150K08/210.22 mi111, Poole Crescent, Birmingham, West Midlands B17 0PE3
£232K11/200.22 mi97, Poole Crescent, Birmingham, West Midlands B17 0PE3
£230K09/210.23 mi63, Quinton Road, Birmingham, West Midlands B17 0PJ3
£270K10/210.23 mi73, Quinton Road, Birmingham, West Midlands B17 0PJ3
£250K05/230.24 mi1, Leeson Walk, Birmingham, West Midlands B17 0LU3
£280K12/220.28 mi15, Leabon Grove, Harborne, Birmingham, West Midlands B17 0LE3
£284K12/220.28 mi122, Poole Crescent, Birmingham, West Midlands B17 0PD3
£268.5K04/210.29 mi3, Mill Farm Road, Birmingham, West Midlands B17 0QX3
£260K06/230.29 mi144, Poole Crescent, Birmingham, West Midlands B17 0PD3
£277.5K11/220.3 mi31, Mill Farm Road, Birmingham, West Midlands B17 0QX3
£230K06/210.3 mi53, Cadleigh Gardens, Birmingham, West Midlands B17 0QB3
£302.5K12/220.3 mi34, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG3
£210K11/220.31 mi9, Cadleigh Gardens, Birmingham, West Midlands B17 0QB3
£230K06/230.32 mi45, Bantock Way, Birmingham, West Midlands B17 0LY3
£222.5K05/230.35 mi122, Quinton Road, Birmingham, West Midlands B17 0QA3
£346K01/210.38 mi85, Grove Lane, Harborne, Birmingham, West Midlands B17 0QT3
£183K05/230.42 mi262, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6TE3
£215K04/210.44 mi30, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£197K10/200.44 mi24, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£331.3K05/230.44 mi204, Corisande Road, Birmingham, West Midlands B29 6RS3
£265K08/230.44 mi184, Corisande Road, Birmingham, West Midlands B29 6RS3
£215K04/210.45 mi30, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£473.8K11/200.49 mi57, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EP3
£458K01/210.49 mi61, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EP3
£212K03/210.51 mi73, Corisande Road, Birmingham, West Midlands B29 6RR3
£228K05/210.51 mi58, Ferncliffe Road, Birmingham, West Midlands B17 0QG3
£280K12/220.51 mi76, Ferncliffe Road, Birmingham, West Midlands B17 0QG3
£200K11/200.51 mi28, Kelfield Avenue, Birmingham, West Midlands B17 0QL3
£560K11/220.53 mi17, Stapylton Avenue, Harborne, Birmingham, West Midlands B17 0BA3
£485K06/210.54 mi86, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ3
£487.5K02/210.55 mi7, St Peters Road, Harborne, Birmingham, West Midlands B17 0AT3
£610K07/230.55 mi17, St Peters Road, Harborne, Birmingham, West Midlands B17 0AT3
£188K08/210.55 mi73, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£215K03/210.55 mi53, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£209K02/210.55 mi71, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£275.5K02/230.55 mi25, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£317K11/200.55 mi223, Quinton Road, Birmingham, West Midlands B17 0RL3
£383.5K03/210.56 mi6, Bull Street, Harborne, Birmingham, West Midlands B17 0HH3
£487K12/220.56 mi36, York Street, Harborne, Birmingham, West Midlands B17 0HG3
£175K03/210.58 mi31, Nately Grove, Birmingham, West Midlands B29 6TD3
£200K09/210.58 mi29, Nately Grove, Birmingham, West Midlands B29 6TD3
£205K12/200.58 mi8, Nately Grove, Birmingham, West Midlands B29 6TD3
£515K01/230.58 mi3, Bull Street, Harborne, Birmingham, West Midlands B17 0HH3

Local Rents

50 rents from £950/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35002/250.01 mi-3
£1,20012/240.05 miWoodleigh Avenue, Harborne, Birmingham, B17 0NW3
£1,45512/240.05 miHarborne Park Road, Birmingham3
£1,36512/240.08 mi478 Harborne Park Road, Harborne, Birmingham, West Midlands3
£1,50012/240.08 miMetchley Lane, BIRMINGHAM3
£1,30004/250.15 mi-3
£1,27412/240.16 miGOOD FOR FAMILY £98 PPPW Quinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,27412/240.17 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,27412/240.19 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£2,08012/240.2 miOld Abbey Gardens, B17 0JS3
£1,30012/240.2 miLynwood Walk, Harborne, Birmingham, B17 0LS3
£1,49412/240.21 miPoole Crescent, Birmingham3
£1,45012/240.21 miHarborne Park Road, Harborne, B173
£1,17012/240.22 miPoole Crescent, Harborne. 10mins walk to University of Birmingham3
£1,25012/240.22 miPoole Crescent, Harborne3
£1,25012/240.22 miPoole Crescent, Harborne3
£1,23312/240.22 miPoole Crescent, Birmingham3
£1,01412/240.23 mi60 Poole Crescent, B17 0PB3
£1,27412/240.23 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,30012/240.24 miLeeson Walk, Harborne, Birmingham3
£95012/240.24 miMetchley Drive, Birmingham3
£1,35012/240.25 miPoole Crescent, Harborne, Birmingham, B17 0PB3
£1,27412/240.26 mi£98 PPPW Quinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,35002/240.27 mi-3
£1,28501/250.27 mi-3
£1,62512/240.27 miLeasow Drive, Birmingham3
£1,37512/240.28 miPoole Crescent, Harborne, Birmingham, B17 0PE3
£1,27412/240.28 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,43012/240.29 mi38 Cadleigh Gardens, Harborne, Birmingham3
£1,43012/240.29 mi38 Cadleigh Gardens, Harborne, Birmingham3
£1,20012/240.31 miCadleigh Gardens, Harborne, B173
£1,10012/240.31 miWater Mill Close, Selly Oak, B293
£1,45003/250.32 mi-3
£1,30012/240.32 miBantock Way, Harborne, Birmingham, B17 0LY3
£1,30012/240.33 miCadleigh Gardens, Birmingham, West Midlands, B17 0QB3
£1,30012/240.33 miCadleigh Gardens, Birmingham, West Midlands, B17 0QB3
£1,43012/240.34 mi14 Cadleigh Gardens, Harborne, Birmingham3
£1,19412/240.37 miReservoir Road, Selly Oak, Birmingham3
£1,53312/240.37 miReservoir Road, Selly Oak, Birmingham3
£1,24812/240.37 miReservoir Road, Selly Oak, Birmingham3
£1,56012/240.37 miReservoir Road, Selly Oak - student property3
£1,20003/250.37 mi-3
£1,18212/240.37 miReservoir Road, Selly Oak, Birmingham3
£1,18212/240.37 miReservoir Road, Selly Oak, Birmingham3
£1,19412/240.38 miReservoir Road, Selly Oak, Birmingham3
£1,58412/240.38 miReservoir Road, Selly Oak, Birmingham3
£1,19412/240.38 miReservoir Road, Selly Oak, Birmingham3
£1,56012/240.39 miReservoir Road, Selly Oak, Birmingham3
£1,71612/240.39 miReservoir Road, Selly Oak, Birmingham3
£1,71612/240.39 miReservoir Road, Selly Oak, Birmingham3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3 miles away

Nearest school

0.30 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £315,000

October 17, 2024

Sold for £170,000

2009

Sold for £94,000

2001

Floor Plans

Description

  • Semi-Detached +
  • Three Bedrooms +
  • Off Road Parking +
  • Cul-De-Sac Location +
  • Generous Rear Garden +
  • Close To QE Hospital +
  • No Onward Chain +

This traditional semi-detached property presents a promising opportunity for a variety of buyers, from families to investors. The home features a welcoming hallway, leading into a spacious living and dining room, ideal for family gatherings and entertaining guests. The kitchen, though small, offers potential for extension, allowing for a more modern and spacious culinary space. With three bedrooms, the property provides ample space for a family, with the possibility of customisation to suit personal preferences. Additionally, the bathroom may benefit from updates to align with contemporary styles and needs.

The outdoor space is another highlight of this property. A generous rear garden provides an ideal setting for outdoor activities, gardening, or potential further development, subject to planning permissions. Off-road parking adds convenience and value, ensuring secure and easy access for vehicles.

Location is a significant advantage of this property. Situated close to the Queen Elizabeth Medical Complex, it is highly advantageous for medical professionals or those requiring regular medical services. The property is also near Harborne High Street, offering access to a variety of shops, restaurants, and other amenities, contributing to a vibrant community lifestyle. This prime location is desirable for its accessibility and the high demand for housing in the area.

The property would benefit from some cosmetic improvements, presenting an opportunity for the new owner to add personal touches and increase the property's value. The fact that it is offered with no chain streamlines the purchasing process, potentially allowing for a quicker and simpler transaction.

Overall, this property represents a unique opportunity to create a personalised living space in a sought-after location, with the added benefit of significant investment potential through extensions and modernisations.

Agent Details

haart, Harborne

0121 387 6520

Next Steps?

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