3 Bed Terraced House, Refurb/BRRR, Birmingham, B17 8RR, £275,000

Crookham Close, Harborne, Birmingham, B17 8RR - 5 views - 6 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 1%
~93 m²
+18 photos

ValuationFair Value

Sold Prices£170K - £612.5K
Sold Prices/m²£1.9K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£277,431

 

 

End Value (After Refurb)

£299,740

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£36,724

Bridging Loan Interest

£7,219

Total Cash In

£125,942

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£299,740

Mortgage (After Refinance)

£224,805

Mortgage LTV

75%

Cash Released

£18,555

Cash Left In

£107,387

Equity

£74,935

Rent Range

£800 - £1,795

Rent Estimate

£1,265

Running Costs/mo

£1,210

Cashflow/mo

£55

Cashflow/yr

£664

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £170K to £612.5K, average is £300K. £1.9K/m² to £5.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£292K08/210.02 mi20, Crookham Close, Birmingham, West Midlands B17 8RR3
£270K03/230.02 mi5, Crookham Close, Birmingham, West Midlands B17 8RR3
£376.5K11/220.09 mi30, Fitz Roy Avenue, Birmingham, West Midlands B17 8RN3
£352K10/220.11 mi37, Devon Road, Smethwick, West Midlands B67 5EL3
£292.5K10/210.11 mi33, Devon Road, Smethwick, West Midlands B67 5EL3
£325K01/230.11 mi57, Devon Road, Smethwick, West Midlands B67 5EL3
£170K11/220.11 mi102, Hagley Road West, Smethwick, West Midlands B67 5EZ3
£300K06/210.13 mi217, Balden Road, Harborne, Birmingham, West Midlands B32 2ES3
£350K03/210.13 mi243, Balden Road, Harborne, Birmingham, West Midlands B32 2ES3
£207.5K06/210.15 mi15, Harborne Road, Oldbury, West Midlands B68 9JA3
£247.6K12/200.16 mi16, Aubrey Road, Quinton, Birmingham, West Midlands B32 2BB3
£310K07/210.16 mi23, Monmouth Road, Smethwick, West Midlands B67 5EF3
£306.5K04/210.16 mi37, Monmouth Road, Smethwick, West Midlands B67 5EF3
£334.5K03/210.16 mi15, Monmouth Road, Smethwick, West Midlands B67 5EF3
£335K03/240.17 mi23, Aubrey Road, Quinton, Birmingham, West Midlands B32 2BB3
£246K04/210.17 mi15, Aubrey Road, Quinton, Birmingham, West Midlands B32 2BB3
£277K11/200.17 mi27, Aubrey Road, Quinton, Birmingham, West Midlands B32 2BB3
£310K07/210.18 mi23, Monmouth Road, Smethwick, West Midlands B67 5EF3
£370K09/230.18 mi72, Monmouth Road, Smethwick, West Midlands B67 5EE3
£465K07/220.18 mi4, Monmouth Road, Smethwick, West Midlands B67 5EE3
£290K11/210.19 mi10, Stanley Avenue, Birmingham, West Midlands B32 2HB3
£309K03/240.19 mi33, Stanley Avenue, Birmingham, West Midlands B32 2HB3
£345K10/220.2 mi16, Monmouth Road, Smethwick, West Midlands B67 5EE3
£363K12/220.21 mi16, Cockthorpe Close, Birmingham, West Midlands B17 8SD3
£335K10/220.22 mi43, The Lindens, Birmingham, West Midlands B32 2ER3
£302.5K04/210.23 mi8, The Lindens, Birmingham, West Midlands B32 2ER3
£300K04/210.23 mi27, The Lindens, Birmingham, West Midlands B32 2ER3
£312.5K04/210.25 mi61, Stanley Avenue, Birmingham, West Midlands B32 2HA3
£320K07/240.25 mi63, Stanley Avenue, Birmingham, West Midlands B32 2HA3
£290K03/240.26 mi55, Norman Avenue, Birmingham, West Midlands B32 2EY3
£350K12/200.28 mi63, Lightwoods Hill, Smethwick, West Midlands B67 5EA3
£520K04/210.31 mi11, Martineau Drive, Birmingham, West Midlands B32 2AS3
£200K02/240.32 mi94, Wolverhampton Road South, Quinton, Birmingham, West Midlands B32 2BE3
£395K03/230.33 mi5, Pale Lane, Birmingham, West Midlands B17 8RX3
£285K09/210.33 mi8, Tennal Drive, Birmingham, West Midlands B32 2DU3
£612.5K10/200.33 mi5, Wintney Close, Birmingham, West Midlands B17 8SQ3
£260K01/210.34 mi45, Lightwoods Hill, Smethwick, West Midlands B67 5DZ3
£220K06/240.34 mi73, Wolverhampton Road South, Quinton, Birmingham, West Midlands B32 2AY3
£248K02/210.36 mi14, Thornhurst Avenue, Quinton, Birmingham, West Midlands B32 2AZ3
£269.9K03/210.38 mi48, Galton Road, Smethwick, West Midlands B67 5JU3
£265K03/230.38 mi80, Galton Road, Smethwick, West Midlands B67 5JU3
£262.5K09/210.39 mi61, Galton Road, Smethwick, West Midlands B67 5JX3
£203K12/200.39 mi49, Galton Road, Smethwick, West Midlands B67 5JX3
£210K10/210.39 mi357, Court Oak Road, Birmingham, West Midlands B32 2DX3
£340K11/220.39 mi51, Stanfield Road, Quinton, Birmingham, West Midlands B32 2AJ3
£205K06/210.39 mi152, Wolverhampton Road South, Birmingham, West Midlands B32 2BG3
£296K03/210.4 mi19, Lightwoods Hill, Smethwick, West Midlands B67 5DY3
£310K12/220.4 mi13, Lightwoods Hill, Smethwick, West Midlands B67 5DY3
£281K12/220.41 mi70, Galton Road, Smethwick, West Midlands B67 5JU3
£250K05/210.41 mi42, Park Road, Smethwick, West Midlands B67 5HS3

Local Rents

42 rents from £800/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.08 miHagley Road West, Smethwick, B673
£1,50012/240.08 mi-3
£1,79504/250.08 mi-3
£1,30012/240.15 mi-3
£1,22512/240.16 miAubrey Road, Quinton, Birmingham, B32 2BB3
£1,67512/240.16 miMonmouth Road, SMETHWICK3
£1,35012/240.27 miHunstanton Avenue, Harborne, B173
£1,30012/240.29 miHazeley Close, Harborne, B173
£1,45011/240.31 mi-3
£1,29512/240.33 miPale Lane, Harborne, Birmingham, B17 8RX3
£1,30012/240.33 miHartford Close, Harborne, B173
£1,46012/240.34 mi-3
£1,46012/240.34 miMartineau Drive, Birmingham, B323
£1,55012/240.34 miHunstanton Avenue, Birmingham, B173
£1,20001/250.39 mi-3
£1,49512/240.41 miWolverhampton Road South, Quinton, Birmingham, West Midlands, B32 2AX3
£1,30012/240.41 miGalton Road, Bearwood, Birmingham, B67 5JX3
£1,30012/240.44 mi-3
£1,20012/240.45 miTennal Road, Birmingham3
£1,00012/240.46 miTennal Road, Harborne3
£1,20012/240.47 miHampton Court Road, Birmingham, West Midlands, B173
£1,20012/240.47 miHampton Court Road, Birmingham, West Midlands, B173
£1,20012/240.47 miHampton Court Road, Birmingham, West Midlands, B17 9AF3
£95012/240.48 miTennal Road, Quinton, B323
£1,15012/240.48 miGalton Road, Smethwick, West Midlands, B673
£1,30012/240.49 mi-3
£85012/240.49 miGalton Road, Bearwood, B673
£1,60001/250.51 mi-3
£98512/240.52 miCourt Oak Road, Birmingham, B17 9AD3
£1,25012/240.54 miGrosvenor Road, Harborne, BIRMINGHAM, West Midlands, B173
£1,25012/240.54 miLightwoods Road, Bearwood, B67 5BH3
£1,00012/240.55 mi-3
£1,35012/240.55 miLightwoods Road, Smethwick, B673
£1,35003/240.55 mi-3
£1,10012/240.57 miHolly Bush Grove, Quinton, B323
£1,27004/250.57 mi-3
£1,35002/250.58 mi-3
£1,20012/240.58 miWoodhouse Road, Quinton, Birmingham, West Midlands, B32 2DH3
£1,20012/240.59 miCastle Road West, Oldbury3
£1,39512/240.59 miGrosvenor Road, Harborne, Birmingham, West Midlands, B17 9AN3
£1,20001/250.59 mi-3
£80012/240.62 miWoodhouse Road, Birmingham, B323

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

4.13 miles away

Nearest school

0.10 miles away

Nearest train station

1.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £275,000

March 12, 2025

Price changed to £285,000

December 26, 2024

Listed for £295,000

October 25, 2024

Description

  • Well located 3 bedroom terraced home +
  • Quiet location on peaceful cul-de-sac +
  • Requires modernisation +
  • Includes driveway and garage +
  • Southerly gardens +
  • Well located for local amenities +
  • Convenient for University of Birmingham +
  • Nearby to Queen Elizabeth hopsital +
  • Excellent transport links nearby +
  • Close to local parkland +

Located in the highly desirable and peaceful Crookham Close, this charming 3-bedroom terraced home presents a fantastic opportunity for those seeking a property in a well-connected yet private location. Boasting a range of attractive features, the home is perfect for families, first-time buyers, or those looking to downsize, with plenty of potential to make it your own.

The property is well-maintained by the current owners, offering a solid foundation for modern updates throughout. Upon arrival, you are greeted by a driveway with ample parking space for two cars, as well as a practical garage that offers additional storage or the potential for conversion, subject to planning permission.

Inside, the home offers comfortable living spaces, with the potential to refresh and modernise to meet contemporary tastes. The layout flows well, offering a spacious living room, a functional kitchen, and three well-proportioned bedrooms. Each room benefits from plenty of natural light, creating a bright and welcoming atmosphere throughout.

The private rear garden is a standout feature, enjoying a Westerly aspect that captures the afternoon sun; perfect for outdoor dining, relaxing, or gardening. It provides a serene escape from the hustle and bustle, making it a great space for children to play or for entertaining guests.

Located in a convenient yet quiet cul-de-sac, Crookham Close is well-positioned for local amenities, schools, and transport links, offering easy access to nearby towns and commuter routes. Whether you're looking to put your personal stamp on a home or invest in a property with potential, this charming terraced house has plenty to offer.

This property is located in a highly desirable and well established area of Harborne - off Fitz Roy Avenue. Public transport in to and out of the city is convenient and there are excellent links to the motorway network.

There is easy access to Birmingham International Airport, and The National Exhibition Centre. Birmingham University, The Medical School and the Queen Elizabeth Complex are both within a two mile radius of the property.

A wide range of schools for children of all ages are available in the vicinity, both in the private and state sector. There is also easy access to some of Birmingham's best parkland with just a short walk to the nearby Warley Woods.

Agent Details

Wentworth & Rose, Harborne

0121 387 6490

Next Steps?

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