3 Bed Terraced House, Refurb/BRRR, Birmingham, B14 7SG, £130,000

Balaclava Road, Kings Heath, Birmingham, West Midlands, B14 7SG - 7 views - 6 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 4%
~85 m²
+3 photos

ValuationUndervalued

Sold Prices£200K - £550K
Sold Prices/m²£2.4K/m² - £4.9K/m²

 

 

Square Metres

~84.80 m²
Price/m²£1.5K/m²

Value Estimate

£133,900
BMV3%

 

 

End Value (After Refurb)

£257,620

Uplift in Value

+98%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£33,555

Bridging Loan Interest

£3,413

Total Cash In

£76,318

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£257,620

Agent Fees (1%)

£2,576

Bridging Loan

£97,500

Bridging Loan Interest

£3,413

Flip Profit

£81,226

Local Sold Prices

50 sold prices from £200K to £550K, average is £346K. £2.4K/m² to £4.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£325K03/210.01 mi107, Highbury Road, Birmingham, West Midlands B14 7QW3
£350K02/210.01 mi88, Highbury Road, Birmingham, West Midlands B14 7QW3
£250K12/200.07 mi53, Silver Street, Kings Heath, Birmingham, West Midlands B14 7QT3
£263.5K05/210.07 mi57, Silver Street, Kings Heath, Birmingham, West Midlands B14 7QT3
£270K01/210.07 mi104, Silver Street, Kings Heath, Birmingham, West Midlands B14 7QT3
£322K11/200.09 mi223, Grange Road, Kings Heath, Birmingham, West Midlands B14 7RT3
£375K02/230.09 mi221, Grange Road, Kings Heath, Birmingham, West Midlands B14 7RT3
£250K06/210.09 mi174, Grange Road, Kings Heath, Birmingham, West Midlands B14 7RS3
£425K03/230.09 mi23, Avenue Road, Kings Heath, Birmingham, West Midlands B14 7TH3
£367K03/230.14 mi50, Vicarage Road, Kings Heath, Birmingham, West Midlands B14 7QL3
£350K02/210.14 mi62, Vicarage Road, Kings Heath, Birmingham, West Midlands B14 7QL3
£275K11/200.14 mi216, Station Road, Kings Heath, Birmingham, West Midlands B14 7TE3
£338K03/230.14 mi212, Station Road, Kings Heath, Birmingham, West Midlands B14 7TE3
£420K11/200.16 mi38, Vicarage Road, Kings Heath, Birmingham, West Midlands B14 7RA3
£295K06/210.17 mi115, Westfield Road, Kings Heath, Birmingham, West Midlands B14 7SY3
£200K11/210.17 mi147, Station Road, Kings Heath, Birmingham, West Midlands B14 7TA3
£367.5K02/230.21 mi111, Vicarage Road, Kings Heath, Birmingham, West Midlands B14 7QG3
£426K06/210.21 mi18, Abbots Road, Birmingham, West Midlands B14 7QD3
£490K09/210.21 mi28, Abbots Road, Birmingham, West Midlands B14 7QD3
£390K12/220.22 mi55, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL3
£400K04/230.22 mi59, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL3
£500K07/230.22 mi38, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL3
£297.7K04/210.22 mi42, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL3
£248.5K08/210.26 mi14, Uffculme Road, Birmingham, West Midlands B30 2TR3
£535K04/230.27 mi14, Hazelhurst Road, Kings Heath, Birmingham, West Midlands B14 7PJ3
£238K12/200.28 mi10, Brent Road, Birmingham, West Midlands B30 2TP3
£393K02/210.3 mi77, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LN3
£240K07/230.3 mi65, Brent Road, Birmingham, West Midlands B30 2TS3
£350K06/210.31 mi87, Drayton Road, Birmingham, West Midlands B14 7LP3
£500K03/220.33 mi90, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LN3
£230K11/210.33 mi13, Florence Road, Kings Heath, Birmingham, West Midlands B14 7DD3
£249.9K10/210.33 mi11, Florence Road, Kings Heath, Birmingham, West Midlands B14 7DD3
£240K06/230.33 mi20, Florence Road, Kings Heath, Birmingham, West Midlands B14 7DD3
£215K02/210.34 mi16, Pineapple Road, Birmingham, West Midlands B30 2TN3
£305K11/200.34 mi87a, Addison Road, Kings Heath, Birmingham, West Midlands B14 7EN3
£365K12/220.35 mi47, Addison Road, Kings Heath, Birmingham, West Midlands B14 7EN3
£255K03/230.35 mi31, Pineapple Road, Birmingham, West Midlands B30 2TH3
£550K05/230.36 mi38, Heathfield Road, Kings Heath, Birmingham, West Midlands B14 7DB3
£239.8K04/210.37 mi44, Addison Road, Kings Heath, Birmingham, West Midlands B14 7EW3
£413K10/210.38 mi6, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£372K01/210.38 mi11, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£347K03/210.38 mi23, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£380K06/210.38 mi22, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£411K07/230.38 mi29, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£345K06/230.38 mi36, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£362.5K08/210.39 mi43, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£327.5K02/230.39 mi13, Woodville Road, Kings Heath, Birmingham, West Midlands B14 7AH3
£310K03/210.4 mi87, Pineapple Road, Birmingham, West Midlands B30 2TB3
£240K07/230.4 mi91, Pineapple Road, Birmingham, West Midlands B30 2TB3
£500K08/230.4 mi16, Howard Road, Kings Heath, Birmingham, West Midlands B14 7PA3

Local Rents

20 rents from £1.1K/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.1 miHighbury Road, Kings Heath, Birmingham, B143
£2,30002/240.12 mi-3
£1,95012/240.12 mi-3
£1,60012/240.15 mi127 Grange Road, Kings Heath B14 7BB3
£1,12512/240.16 miAbbots Road, Kings Heath, Birmingham, B14 7QE3
£1,35012/240.2 mi8B York Road, Kings Heath B14 7RZ3
£1,15012/240.25 miGrange Road, Kings Heath, Birmingham, West Midlands, B143
£1,45012/240.25 miWestfield Road, B14 7SX. Suitable for Group of Working Professionals or Family3
£1,28512/240.26 miGrange Road, Kings Heath, BIRMINGHAM3
£1,15012/240.26 miGrange Road, Kings Heath3
£1,15012/240.26 miGrange Road, Kings Heath, B143
£1,15012/240.26 miGrange Road, Kings Heath, BIRMINGHAM3
£1,05012/240.42 miGreenoak Crescent, Birmingham, West Midlands, B303
£1,19512/240.42 mi-3
£1,35002/240.45 mi-3
£1,35001/250.45 mi-3
£1,25003/250.45 mi-3
£1,35003/240.45 miSeaton Grove, Birmingham, B133
£1,25012/240.49 miSpringfield Road, Kings Heath, B143
£1,40002/250.6 mi-3

Local Area Statistics

Population in B14

42,696

Population in Birmingham

1,034,821

Town centre distance

2.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Seller's market

Capital growth (5yrs)

+38%

Property History

Listed for £130,000

October 18, 2024

Floor Plans

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • Three bedroom Victorian house +
  • Two spacious reception rooms +
  • Double aspect kitchen +
  • Long rear garden +
  • In need of renovation +

A three bedroom end terrace Victorian house in need of renovation located in the Kings Heath area approximately 5 miles south of Birmingham City Centre

Situation - Kings Heath is a very popular area which grew around the High Street where there are many restaurants, cafes and shops plus an excellent bus service into and out of the city centre. The area is also best known for its wide range of outstanding primary and secondary schools and great transport links in and out of the city centre, including King Edward VI Camp Hill School located only 1.2 miles from the property.

Kings Heath has two delightful parks. Kings Heath Park features a Victorian-styled tea room and is well known for its unusual plants and trees. Highbury park which is located on the border of Moseley is also very popular with local residents.

A floorplan has been prepared to show the dimensions and layout of the property.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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