3 Bed Terraced House, Refurb/BRRR, Birmingham, B5 7TD, £180,000

Dollery Drive, Birmingham, West Midlands, B5 7TD - 19 views - 5 months ago

Leasehold

Cash

Refurb/BRRR

ROI: 4%

~93 m²

+8 photos

ValuationFair Value

Sold Prices	£90K - £1.3M
Sold Prices/m²	£1.9K/m² - £9.9K/m²

Square Metres	~93 m²
Price/m²	£1.9K/m²
Value Estimate	£183,600£183,600

End Value (After Refurb)	£249,181£249,181
Uplift in Value	+38%+38%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Refurb Costs	£36,800£36,800
Bridging Loan Interest	£4,725£4,725
Total Cash In	£94,875£94,875

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£249,181£249,181
Agent Fees (1%)	£2,492£2,492
Bridging Loan	£135,000£135,000
Bridging Loan Interest	£4,725£4,725
Flip Profit	£16,814£16,814

Local Sold Prices

50 sold prices from £90K to £1.3M, average is £277K. £1.9K/m² to £9.9K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£175K	12/22	0.1 mi	176a, Bristol Road, Birmingham, West Midlands B5 7XG	-	-	3	Terraced House
£308K	02/22	0.12 mi	48, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ	-	-	3	Semi-Detached House
£270K	01/21	0.12 mi	52, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ	£2,813	96	3	Terraced House
£295K	08/22	0.14 mi	35, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG	-	-	3	Terraced House
£280K	06/22	0.14 mi	51, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG	-	-	3	Terraced House
£311K	08/22	0.14 mi	67, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG	£4,092	76	3	Terraced House
£345K	08/22	0.17 mi	28, East Drive, Birmingham, West Midlands B5 7RX	£3,920	88	3	Terraced House
£192K	07/22	0.18 mi	32, East Drive, Birmingham, West Midlands B5 7RX	£2,560	75	3	Terraced House
£198K	01/21	0.18 mi	63, West Drive, Birmingham, West Midlands B5 7RR	£2,106	94	3	Terraced House
£270K	06/21	0.18 mi	21, West Drive, Birmingham, West Midlands B5 7RR	£2,601	104	3	Terraced House
£335K	01/23	0.18 mi	15, West Drive, Birmingham, West Midlands B5 7RR	£2,597	129	3	Terraced House
£400K	03/22	0.19 mi	173, Bristol Road, Birmingham, West Midlands B5 7UA	£3,197	125	3	Terraced House
£255K	04/21	0.21 mi	9, South Drive, Birmingham, West Midlands B5 7RU	£2,672	95	3	Terraced House
£250K	06/23	0.21 mi	11, South Drive, Birmingham, West Midlands B5 7RU	£3,205	78	3	Terraced House
£255K	04/21	0.21 mi	9, South Drive, Birmingham, West Midlands B5 7RU	£2,672	95	3	Terraced House
£300K	06/23	0.27 mi	44, Regent Close, Birmingham, West Midlands B5 7PL	£3,659	82	3	Terraced House
£310.1K	01/21	0.27 mi	42, Regent Close, Birmingham, West Midlands B5 7PL	£3,782	82	3	Terraced House
£365K	12/22	0.33 mi	3, Constance Road, Birmingham, West Midlands B5 7RB	-	-	3	Detached House
£330K	05/23	0.34 mi	37, Aboyne Close, Edgbaston, Birmingham, West Midlands B5 7PQ	-	-	3	Terraced House
£275K	04/21	0.37 mi	42, Willows Crescent, Birmingham, West Midlands B12 9ND	£2,477	111	3	Terraced House
£232.5K	02/21	0.41 mi	81, Harbury Road, Birmingham, West Midlands B12 9NG	£2,193	106	3	Terraced House
£1.3M	02/22	0.45 mi	98, Priory Road, Edgbaston, Birmingham, West Midlands B15 2RG	£9,944	126	3	Detached House
£260K	11/20	0.54 mi	31, Jakeman Road, Birmingham, West Midlands B12 9NT	£2,203	118	3	Terraced House
£192.5K	05/21	0.55 mi	42, Jakeman Road, Birmingham, West Midlands B12 9NX	-	-	3	Terraced House
£272.5K	01/21	0.56 mi	18, Riverside Drive, Selly Park, Birmingham, West Midlands B29 7ES	£3,449	79	3	Terraced House
£200K	11/20	0.56 mi	20, Riverside Drive, Selly Park, Birmingham, West Midlands B29 7ES	£1,856	108	3	Terraced House
£200K	01/22	0.57 mi	10, Four Stones Grove, Birmingham, West Midlands B5 7LW	£2,740	73	3	Semi-Detached House
£350K	06/21	0.59 mi	8, Sir Johns Road, Selly Park, Birmingham, West Midlands B29 7ER	£3,182	110	3	Semi-Detached House
£90K	08/22	0.6 mi	81, Court Road, Balsall Heath, Birmingham, West Midlands B12 9LQ	-	-	3	Terraced House
£220K	03/21	0.63 mi	40, Princess Road, Birmingham, West Midlands B5 7PU	-	-	3	Semi-Detached House
£270K	09/21	0.66 mi	105, Alexandra Road, Birmingham, West Midlands B5 7NN	£2,477	109	3	Semi-Detached House
£220K	03/21	0.66 mi	115, Alexandra Road, Birmingham, West Midlands B5 7NN	£3,188	69	3	Semi-Detached House
£273K	10/22	0.66 mi	119, Alexandra Road, Birmingham, West Midlands B5 7NN	£3,845	71	3	Semi-Detached House
£196K	05/21	0.66 mi	125, Alexandra Road, Birmingham, West Midlands B5 7NN	£2,512	78	3	Semi-Detached House
£220K	03/21	0.66 mi	117, Alexandra Road, Birmingham, West Midlands B5 7NN	£3,099	71	3	Semi-Detached House
£260K	12/22	0.68 mi	39, Charlotte Road, Edgbaston, Birmingham, West Midlands B15 2NH	£3,095	84	3	Terraced House
£224K	05/21	0.69 mi	281, Mary Street, Balsall Heath, Birmingham, West Midlands B12 9RS	£2,154	104	3	Terraced House
£365K	06/21	0.71 mi	7, Third Avenue, Selly Park, Birmingham, West Midlands B29 7EX	£3,802	96	3	Terraced House
£340K	12/20	0.71 mi	18, Third Avenue, Selly Park, Birmingham, West Midlands B29 7EX	-	-	3	Terraced House
£348K	02/21	0.71 mi	24, Third Avenue, Selly Park, Birmingham, West Midlands B29 7EX	£3,379	103	3	Terraced House
£446.1K	03/23	0.71 mi	13, Spring Road, Edgbaston, Birmingham, West Midlands B15 2HG	-	-	3	Terraced House
£290K	07/22	0.72 mi	10, Summer Road, Edgbaston, Birmingham, West Midlands B15 2BP	-	-	3	Terraced House
£279K	02/21	0.73 mi	6, Summer Road, Edgbaston, Birmingham, West Midlands B15 2BP	£2,847	98	3	Terraced House
£295K	12/20	0.73 mi	60, Estria Road, Birmingham, West Midlands B15 2LQ	£2,845	104	3	Terraced House
£350K	06/21	0.74 mi	6, Second Avenue, Selly Park, Birmingham, West Midlands B29 7HD	£3,514	100	3	Terraced House
£286K	02/21	0.74 mi	23, Second Avenue, Selly Park, Birmingham, West Midlands B29 7HD	£2,925	98	3	Terraced House
£450K	09/22	0.74 mi	67, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW	£4,286	105	3	Terraced House
£196.5K	03/21	0.76 mi	37, Belgravia Close, Birmingham, West Midlands B5 7LA	-	-	3	Terraced House
£670K	07/22	0.79 mi	97, Moorcroft Road, Birmingham, West Midlands B13 8LS	-	-	3	Detached House
£330K	04/21	0.79 mi	7, First Avenue, Selly Park, Birmingham, West Midlands B29 7NS	£3,028	109	3	Terraced House

Local Rents

29 rents from £412/mo to £2.5K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,195	12/24	0.12 mi	-	3	Terraced House
£1,500	02/24	0.16 mi	-	3	Terraced House
£1,500	12/24	0.16 mi	East Drive, Birmingham, B5	3	Terraced House
£1,500	12/24	0.16 mi	East Drive, Birmingham, B5	3	Terraced House
£1,000	12/24	0.21 mi	South Drive, Edgbaston	3	Terraced House
£1,700	12/24	0.26 mi	Caraway Road, Edgbaston	3	Terraced House
£1,600	03/24	0.28 mi	-	3	Terraced House
£1,900	12/24	0.29 mi	Regent Close, Birmingham, B5	3	Flat
£1,250	12/24	0.29 mi	Viceroy Close, Brsitol Road, Edgbaston, Birmingham, B5	3	Flat
£1,500	12/24	0.3 mi	Cley Close, Birmingham, B5	3	Flat
£1,350	12/24	0.31 mi	Viceroy Close, Bristol Road, Edgbaston, Birmingham, B5	3	Flat
£1,950	03/24	0.38 mi	-	3	Detached House
£1,750	03/24	0.38 mi	-	3	Detached House
£1,750	12/24	0.38 mi	Greville Drive, Birmingham, B15	3	Detached House
£1,100	12/24	0.38 mi	Elmwood Court, Pershore Road, Birmingham	3	Flat
£1,261	12/24	0.42 mi	Hagley Court, B16 9RE	3	Flat
£1,261	12/24	0.42 mi	Hagley Court, B16 9RE	3	Flat
£1,261	12/24	0.42 mi	Hagley Court, B16 9RE	3	Flat
£412	12/24	0.44 mi	91 Cannon Hill Road, Balsall Heath, Birmingham, B12 9NJ	3	Flat
£2,500	12/24	0.44 mi	Bristol Court, 248 Bristol Road	3	Flat
£2,500	12/24	0.44 mi	Bristol Court, Bristol Road, Edgbaston	3	Flat
£895	05/24	0.52 mi	-	3	Flat
£945	12/24	0.52 mi	Cannon Hill Road, Birmingham, B12	3	Flat
£890	12/24	0.52 mi	-	3	Flat
£1,100	12/24	0.54 mi	Jakeman Rd, Balsall Heath, Birmingham, B12 9NT	3	Flat
£1,250	12/24	0.55 mi	Cheddar Road, BIRMINGHAM	3	Flat
£1,300	12/24	0.58 mi	Hallam Street, BIRMINGHAM	3	Flat
£1,350	03/24	0.58 mi	-	3	Terraced House
£1,350	04/25	0.58 mi	-	3	Terraced House

Local Area Statistics

Population in B5	12,00812,008
Population in Birmingham	1,034,8211,034,821
Town centre distance	1.31 miles away1.31 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.96 miles away0.96 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-7%-7%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £180,000

November 5, 2024

Floor Plans

Description

*Available for sale with no onward chain*
*Cash buyers only due to a short lease*
Dixons Moseley are pleased to present this modern-build, mid-terrace family home located between the Pershore Road & Bristol Road which provides great easy access in to Birmingham City Centre and beyond. University of Birmingham, Queen Elizabeth Hospital and Edgbaston Cricket Ground are all within the local vicinity along with local schools, parks, supermarkets and good transport links.
In need of some modernisation the accommodation on offer briefly consists of entrance hallway, spacious kitchen-diner, a front to rear living room, upstairs family bathroom and separate w/c.
The property further benefits from gas central heating, double glazing (both where specified), front and rear gardens plus private residents parking across the development.
A perfect home for first time buyers wanting to get on the property ladder or investors please call Dixons Moseley on to arrange your viewing and to avoid missing out.

Council Tax Band B = £1,620.70

Agent Details

Dixons, Moseley

0121 387 6278

Next Steps?

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