3 Bed Terraced House, Refurb/BRRR, Birmingham, B17 0NX, £250,000

Hilldrop Grove, Birmingham, B17 0NX - 23 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£150K - £560K
Sold Prices/m²£2.1K/m² - £4.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£267,800
BMV3%

 

 

End Value (After Refurb)

£287,680

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£36,724

Bridging Loan Interest

£6,563

Total Cash In

£117,036

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£287,680

Mortgage (After Refinance)

£215,760

Mortgage LTV

75%

Cash Released

£28,260

Cash Left In

£88,776

Equity

£71,920

Rent Range

£950 - £1,716

Rent Estimate

£1,334

Running Costs/mo

£1,186

Cashflow/mo

£148

Cashflow/yr

£1,778

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £560K, average is £241.8K. £2.1K/m² to £4.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£300K01/230 mi2, Hilldrop Grove, Birmingham, West Midlands B17 0NX3
£230K09/210.1 mi63, Quinton Road, Birmingham, West Midlands B17 0PJ3
£270K10/210.1 mi73, Quinton Road, Birmingham, West Midlands B17 0PJ3
£150K08/210.1 mi111, Poole Crescent, Birmingham, West Midlands B17 0PE3
£232K11/200.1 mi97, Poole Crescent, Birmingham, West Midlands B17 0PE3
£315K04/210.13 mi44, Woodleigh Avenue, Birmingham, West Midlands B17 0NJ3
£284K12/220.15 mi122, Poole Crescent, Birmingham, West Midlands B17 0PD3
£285K11/200.15 mi35, Woodleigh Avenue, Birmingham, West Midlands B17 0NW3
£260K06/230.16 mi144, Poole Crescent, Birmingham, West Midlands B17 0PD3
£230K06/210.2 mi53, Cadleigh Gardens, Birmingham, West Midlands B17 0QB3
£268.5K04/210.2 mi3, Mill Farm Road, Birmingham, West Midlands B17 0QX3
£210K11/220.2 mi9, Cadleigh Gardens, Birmingham, West Midlands B17 0QB3
£240K02/220.2 mi23, Roman Way, Birmingham, West Midlands B15 2SL3
£226K01/230.2 mi169, Metchley Lane, Birmingham, West Midlands B17 0JL3
£277.5K11/220.21 mi31, Mill Farm Road, Birmingham, West Midlands B17 0QX3
£255K08/220.22 mi22, Underwood Close, Edgbaston, Birmingham, West Midlands B15 2SX3
£222.5K05/230.23 mi122, Quinton Road, Birmingham, West Midlands B17 0QA3
£346K01/210.29 mi85, Grove Lane, Harborne, Birmingham, West Midlands B17 0QT3
£183K05/230.29 mi262, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6TE3
£245K07/210.31 mi10, Lynwood Walk, Birmingham, West Midlands B17 0LS3
£331.3K05/230.32 mi204, Corisande Road, Birmingham, West Midlands B29 6RS3
£265K08/230.32 mi184, Corisande Road, Birmingham, West Midlands B29 6RS3
£280K12/220.32 mi15, Leabon Grove, Harborne, Birmingham, West Midlands B17 0LE3
£215K04/210.33 mi30, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£197K10/200.33 mi24, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£250K05/230.35 mi1, Leeson Walk, Birmingham, West Midlands B17 0LU3
£215K04/210.35 mi30, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£302.5K12/220.36 mi34, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG3
£212K03/210.38 mi73, Corisande Road, Birmingham, West Midlands B29 6RR3
£228K05/210.42 mi58, Ferncliffe Road, Birmingham, West Midlands B17 0QG3
£280K12/220.42 mi76, Ferncliffe Road, Birmingham, West Midlands B17 0QG3
£230K06/230.42 mi45, Bantock Way, Birmingham, West Midlands B17 0LY3
£188K08/210.42 mi73, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£215K03/210.42 mi53, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£209K02/210.42 mi71, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£275.5K02/230.42 mi25, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£175K03/210.44 mi31, Nately Grove, Birmingham, West Midlands B29 6TD3
£200K09/210.44 mi29, Nately Grove, Birmingham, West Midlands B29 6TD3
£205K12/200.44 mi8, Nately Grove, Birmingham, West Midlands B29 6TD3
£317K11/200.45 mi223, Quinton Road, Birmingham, West Midlands B17 0RL3
£243.5K02/210.45 mi39, Corisande Road, Birmingham, West Midlands B29 6RL3
£200K11/200.46 mi28, Kelfield Avenue, Birmingham, West Midlands B17 0QL3
£200K03/230.46 mi12, Corisande Road, Birmingham, West Midlands B29 6RH3
£285K04/230.48 mi74, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PY3
£316K02/230.48 mi94, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PY3
£230K11/200.49 mi107, Woolacombe Lodge Road, Birmingham, West Midlands B29 6QA3
£255K02/230.49 mi30, Durley Dean Road, Selly Oak, Birmingham, West Midlands B29 6RZ3
£300K06/230.49 mi38, Durley Dean Road, Selly Oak, Birmingham, West Midlands B29 6RZ3
£160K01/210.53 mi488, Alwold Road, Birmingham, West Midlands B29 5TW3
£560K11/220.54 mi17, Stapylton Avenue, Harborne, Birmingham, West Midlands B17 0BA3

Local Rents

50 rents from £950/mo to £1.7K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,27412/240.04 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,27412/240.04 miGOOD FOR FAMILY £98 PPPW Quinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,27412/240.05 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,45512/240.08 miHarborne Park Road, Birmingham3
£1,25012/240.1 miPoole Crescent, Harborne3
£1,25012/240.1 miPoole Crescent, Harborne3
£1,27412/240.1 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,49412/240.11 miPoole Crescent, Birmingham3
£1,36512/240.12 mi478 Harborne Park Road, Harborne, Birmingham, West Midlands3
£1,23312/240.13 miPoole Crescent, Birmingham3
£1,35012/240.13 miPoole Crescent, Harborne, Birmingham, B17 0PB3
£1,17012/240.13 miPoole Crescent, Harborne. 10mins walk to University of Birmingham3
£1,01412/240.13 mi60 Poole Crescent, B17 0PB3
£1,35002/250.13 mi-3
£1,27412/240.13 mi£98 PPPW Quinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,37512/240.14 miPoole Crescent, Harborne, Birmingham, B17 0PE3
£1,27412/240.16 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,20012/240.16 miWoodleigh Avenue, Harborne, Birmingham, B17 0NW3
£1,43012/240.19 mi38 Cadleigh Gardens, Harborne, Birmingham3
£1,43012/240.19 mi38 Cadleigh Gardens, Harborne, Birmingham3
£1,30004/250.2 mi-3
£1,20012/240.2 miCadleigh Gardens, Harborne, B173
£1,50012/240.2 miMetchley Lane, BIRMINGHAM3
£1,45012/240.21 miHarborne Park Road, Harborne, B173
£1,10012/240.21 miWater Mill Close, Selly Oak, B293
£1,30012/240.22 miCadleigh Gardens, Birmingham, West Midlands, B17 0QB3
£1,30012/240.22 miCadleigh Gardens, Birmingham, West Midlands, B17 0QB3
£1,43012/240.24 mi14 Cadleigh Gardens, Harborne, Birmingham3
£1,58412/240.26 miReservoir Road, Selly Oak, Birmingham3
£1,62512/240.27 miLeasow Drive, Birmingham3
£99512/240.27 mi171 Reservoir Road, Selly Oak, Birmingham3
£1,19412/240.28 miReservoir Road, Selly Oak, Birmingham3
£1,56012/240.28 miReservoir Road, Selly Oak - student property3
£1,24812/240.28 miReservoir Road, Selly Oak, Birmingham3
£1,19412/240.28 miReservoir Road, Selly Oak, Birmingham3
£1,23312/240.28 miReservoir Road, Selly Oak, Birmingham3
£1,23312/240.28 miReservoir Road, Selly Oak, Birmingham3
£1,32612/240.29 miReservoir Road, Selly Oak, Birmingham3
£1,53312/240.29 miReservoir Road, Selly Oak, Birmingham3
£1,25003/250.3 mi-3
£1,18212/240.3 miReservoir Road, Selly Oak, Birmingham3
£1,18212/240.3 miReservoir Road, Selly Oak, Birmingham3
£1,20003/250.3 mi-3
£1,30012/240.31 miLynwood Walk, Harborne, Birmingham, B17 0LS3
£1,62512/240.31 miReservoir Road, Selly Oak3
£1,40412/240.31 miReservoir Road, Selly Oak, Birmingham3
£1,71612/240.31 miReservoir Road, Selly Oak, Birmingham3
£1,71612/240.31 miReservoir Road, Selly Oak, Birmingham3
£95012/240.32 miMetchley Drive, Birmingham3
£1,23312/240.32 miReservoir Road, Selly Oak, Birmingham3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.12 miles away

Nearest school

0.30 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £250,000

January 15, 2025

Floor Plans

Description

  • No Upward Chain +
  • Good Transport Links +
  • Three Bedrooms +
  • Close to UoB Campus +
  • Period Features +
  • Good Local Schools +
  • Ready for Modernisation +
  • Great Location +
  • Close to the QE Hospital +
  • Good Links to Harborne & Selly Oak +

Edwards & Gray are delighted to offer for sale this three bedroom mid terraced home in Harborne. It is the perfect location for easy access to the QE hospital and the University of Birmingham, and is also handy to make use of the amenities that both Harborne and Selly Oak offers.  There are good transport links, with the University train station nearby and the number 11 bus route. There are local schools  rated good and outstanding. The property comprises of three bedrooms and a family bathroom upstairs, whilst downstairs has a separate dining room and living room, and the kitchen. It benefits from central heating and UPVC double glazing. There is a front garden, and private rear garden with a patio. The home still retains some period features but is ready for some modernisation, and is available with no upward chain.     Entrance to the property is via the porch leading into the hallway, with stairs leading up to the first floor landing, central heating radiator and doors leading off to the following: Dining Room  14' 0" x 12' 0" Having carpet flooring, a ceiling light point, central heating radiator, a double glazed bay window overlooking the front garden, original picture rails and a vintage tiled fireplace, .  Living Room 14' 6' x 12' 0" With carpet flooring, a ceiling light point, central heating radiator, and double glazed window with a view of the back garden. This room also has the original picture rails, vintage tiled fireplace and access to a cupboard under the stairs. Kitchen 9' 6" x 6' 0" The kitchen is accessed from the living room. It has fitted wall and base units, work surface, and a cooker. There is a steel sink and drainer under the window. There is space for a washing machine, and a larder currently housing the fridge freezer. The backdoor leads out onto a patio in the garden. From the hall stairs lead upstairs, with a storage alcove to the right. The landing then has access to a cupboard, loft hatch and the following:  Bedroom One 15' 6" x 9'0" This good sized bedroom has a double glazed bay window overlooking the front garden. There is a radiator, ceiling light point as well as the original fireplace and picture rails.  Bedroom Two 13' 0" x 9' 0" This bedroom has a double glazed window looking out over the rear garden. It has a central heating radiator, ceiling light point, boiler, as well as the original fireplace and picture rail.   Bedroom Three 10' 0" x 7' 6" This bedroom also looks out over the front of the property through a double glazed window, and has a ceiling light point and central heating radiator.  Bathroom 7' 6" x 7' 6" Fitted with a white suite comprising of walk in shower, wash hand basin and toilet. It has a double glazed window over looking the rear aspect, and a small airing cupboard.  Outside  Front: There is a well established front garden and path leading from the cul de sac to the house. An alley provides separate access to the rear garden.   Rear: Private rear garden with lawn, patio area and well established plants. There is also a gate with access to the side of the house.  Tenure: Freehold Council Tax Band: B EPC: D Whilst every effort has been taken to ensure that the details in this brochure are accurate and correct, all interested parties should satisfy themselves, by inspection or otherwise as to the accuracy of the description and the floorplan shown. Any fixtures and fittings listed must be assumed as not included in the sale unless specified. We have not tested any appliances, or services and cannot guarantee they will be in working order.

Agent Details

Edwards and Gray, West Midlands

0121 387 6837

Next Steps?

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