2 Bed Flat, Refurb/BRRR, Birmingham, B15 2AS, £156,000





ValuationOvervalued
Sold Prices | £55K - £500K |
Sold Prices/m² | £724/m² - £4.5K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £2.3K/m² |
Value Estimate | £139,119 |
| |
End Value (After Refurb) | £252,142 |
Uplift in Value | +62% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £39,000 |
Stamp Duty & Legal Fees | £5,880 |
Refurb Costs | £26,951 |
Bridging Loan Interest | £4,095 |
Total Cash In | £77,676 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Estimated Sale Price | £252,142 |
Agent Fees (1%) | £2,521 |
Bridging Loan | £117,000 |
Bridging Loan Interest | £4,095 |
Flip Profit | £54,944 |
Local Sold Prices
26 sold prices from £55K to £500K, average is £147.3K. £724/m² to £4.5K/m², average is £2K/m².
Local Rents
50 rents from £975/mo to £3.6K/mo, average is £1.3K/mo.
Local Area Statistics
Population in B15 | 17,552 |
Population in Birmingham | 1,034,821 |
Town centre distance | 1.11 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.37 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +71% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +27% |
Property History
Price changed to £156,000
January 27, 2025
Listed for £160,000
October 30, 2024
Floor Plans

Description
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