5 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B15 1PL, £695,000

40 George Road, Birmingham, West Midlands, B15 1PL - 2 views - 5 months ago

Sold STC
Refurb/BRRR
~178 m²
+7 photos

ValuationOvervalued

Sold Prices£295K - £1.8M
Sold Prices/m²£1.6K/m² - £7.2K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.9K/m²

Value Estimate

£536,732

 

 

End Value (After Refurb)

£677,784

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£173,750

Stamp Duty & Legal Fees

£44,300

Refurb Costs

£70,546

Bridging Loan Interest

£18,244

Total Cash In

£308,590

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£677,784

Mortgage (After Refinance)

£508,338

Mortgage LTV

75%

Cash Left In

£308,590

Equity

£169,446

Rent Range

£150 - £8,000

Rent Estimate

£2,716

Running Costs/mo

£2,681

Cashflow/mo

£35

Cashflow/yr

£417

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £295K to £1.8M, average is £635K. £1.6K/m² to £7.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£650K05/230.15 mi15, Yew Tree Road, Edgbaston, Birmingham, West Midlands B15 2LX5
£855K04/210.15 mi19, Yew Tree Road, Edgbaston, Birmingham, West Midlands B15 2LX5
£1.3M01/210.18 mi36, Frederick Road, Edgbaston, Birmingham, West Midlands B15 1JN5
£1.3M01/210.18 mi36, Frederick Road, Edgbaston, Birmingham, West Midlands B15 1JN5
£920.3K12/200.24 mi1, Crondal Place, Birmingham, West Midlands B15 2LB5
£920.3K12/200.24 mi1, Crondal Place, Birmingham, West Midlands B15 2LB5
£1.3M10/200.48 mi37, Carpenter Road, Birmingham, West Midlands B15 2JJ5
£500K05/230.53 mi28, Spring Road, Edgbaston, Birmingham, West Midlands B15 2HA5
£1.8M10/220.57 mi62, Arthur Road, Edgbaston, Birmingham, West Midlands B15 2UW5
£525K12/200.71 mi84, Harborne Road, Birmingham, West Midlands B15 3HN5
£1.8M06/210.77 mi64, Sir Harrys Road, Edgbaston, Birmingham, West Midlands B15 2UX5
£325K02/210.79 mi1, Noel Road, Birmingham, West Midlands B16 9PS5
£340K05/210.79 mi29, Aboyne Close, Birmingham, West Midlands B5 7PQ5
£875K03/210.9 mi205, Bristol Road, Birmingham, West Midlands B5 7UB5
£1.6M04/220.97 mi2, Farquhar Road, Edgbaston, Birmingham, West Midlands B15 3RB5
£450K09/221.03 mi21, Rotton Park Street, Birmingham, West Midlands B16 0AE5
£360K04/231.03 mi79, Mariner Avenue, Birmingham, West Midlands B16 9DF5
£1.8M01/231.13 mi79, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF5
£885K06/231.18 mi8, Astonbury, Birmingham, West Midlands B15 3QB5
£840K11/221.29 mi26, Rotton Park Road, Birmingham, West Midlands B16 9JL5
£700K03/231.3 mi32, Rotton Park Road, Birmingham, West Midlands B16 9JL5
£700K04/231.3 mi407, Harborne Road, Birmingham, West Midlands B15 3LB5
£295K11/221.31 mi32, Gillott Road, Birmingham, West Midlands B16 0EZ5
£530K06/211.31 mi35, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£645K07/221.31 mi45, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£530K06/211.31 mi35, Selwyn Road, Birmingham, West Midlands B16 0SJ5
£600K06/221.31 mi48, Kingscote Road, Birmingham, West Midlands B15 3JY5
£390K01/211.36 mi96, Gillott Road, Birmingham, West Midlands B16 0ES5
£1.3M03/211.36 mi108, Somerset Road, Edgbaston, Birmingham, West Midlands B15 2PP5
£635K12/211.37 mi87, Portland Road, Edgbaston, Birmingham, West Midlands B16 9QX5
£847K03/221.41 mi38, Melville Road, Birmingham, West Midlands B16 9JR5
£480K11/211.41 mi88, Rotton Park Road, Birmingham, West Midlands B16 0LH5
£635K12/211.43 mi87, Portland Road, Edgbaston, Birmingham, West Midlands B16 9QX5
£490K07/231.44 mi133, Rotton Park Road, Birmingham, West Midlands B16 0LJ5
£575K12/221.44 mi6, Jacey Road, Birmingham, West Midlands B16 0LL5
£425K01/231.48 mi33, Hallewell Road, Birmingham, West Midlands B16 0LP5
£620K07/221.51 mi19, Melville Road, Birmingham, West Midlands B16 9LN5
£575K10/201.51 mi38, Rose Road, Harborne, Birmingham, West Midlands B17 9LJ5
£568K03/231.52 mi21, Melville Road, Birmingham, West Midlands B16 9LN5
£617K05/231.53 mi410, Gillott Road, Birmingham, West Midlands B16 9LP5
£506K01/211.57 mi4, The Russells, Moseley, Birmingham, West Midlands B13 8RT5
£630K03/221.58 mi336, Bristol Road, Birmingham, West Midlands B5 7SN5
£590K08/211.61 mi66, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HJ5
£885K06/231.61 mi10, Statham Drive, Birmingham, West Midlands B16 0TF5
£1.3M12/221.62 mi8, Chantry Road, Moseley, Birmingham, West Midlands B13 8DW5
£710K03/221.62 mi344, Bristol Road, Birmingham, West Midlands B5 7SN5
£700K06/211.63 mi87, Salisbury Road, Moseley, Birmingham, West Midlands B13 8LB5
£295K05/231.65 mi46, Main Street, Birmingham, West Midlands B11 1RU5
£637.5K11/221.65 mi34, Station Road, Harborne, Birmingham, West Midlands B17 9LY5
£470K03/211.65 mi34, Station Road, Harborne, Birmingham, West Midlands B17 9LY5

Local Rents

50 rents from £150/mo to £8K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£3,50012/240.12 miSt James Rd, Edgbaston4
£2,99512/240.12 miSt James Road, Edgbaston4
£1,35001/250.15 mi-3
£1,25003/250.15 mi-3
£2,40003/250.16 mi-3
£3,74803/250.16 mi-4
£1,25002/250.17 mi-3
£1,25004/250.17 mi-3
£1,19503/250.17 mi-3
£1,60012/240.19 miBell Barn Road, Birmingham4
£1,42812/240.19 miShepherds Gardens, Birmingham3
£1,42812/240.19 miShepherds Gardens, Birmingham3
£2,75003/250.2 mi-4
£3,00002/240.21 mi-3
£4,50002/240.25 mi-4
£4,50002/240.25 mi-4
£4,27003/250.26 mi-4
£3,47003/250.26 mi-4
£1,67512/240.27 mi125 Bell Barn Road, Birmingham, B154
£2,00004/250.27 mi-3
£1,68501/250.27 mi-4
£1,20012/240.28 miDunston Court, Wheeleys Road, Edgbaston, B153
£3,94703/240.28 mi-4
£2,75012/240.29 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ3
£2,75012/240.29 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ3
£2,75012/240.29 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ3
£3,00012/240.29 mi-3
£2,50003/250.29 mi-3
£1,75512/240.3 miGilldown Place, Birmingham3
£1,50012/240.34 mi10 Ryland Street, Birmingham City Centre3
£2,00003/250.34 mi-4
£15012/240.34 mi-3
£15012/240.34 miCharlotte Road, Birmingham, B153
£3,40012/240.34 miThe Mercian, Birmingham, B153
£3,40012/240.34 miThe Mercian, Birmingham, B153
£3,40012/240.34 miThe Mercian, Birmingham, B153
£3,40012/240.36 miThe Mercian, Birmingham, B153
£3,40012/240.36 miThe Mercian, Birmingham, B153
£3,40012/240.36 miThe Mercian, Birmingham, B153
£3,40012/240.36 miThe Mercian, Birmingham, B153
£3,11012/240.36 miThe Mercian, Birmingham, B153
£3,11012/240.36 miThe Mercian, Birmingham, B153
£3,11012/240.36 miThe Mercian, Birmingham, B153
£3,40012/240.36 miThe Mercian, Birmingham, B153
£3,11012/240.36 miThe Mercian, Birmingham, B153
£2,91512/240.36 miBroad Street, Birmingham, B153
£3,40012/240.36 miBroad Street, Birmingham, B153
£8,00012/240.36 miBroad Street, Birmingham, B153
£3,35012/240.36 miThe Mercian, Broad Street, Birmingham3
£3,11012/240.36 miThe Mercian, Broad Street, Birmingham3

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.51 miles away

Nearest school

0.20 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £695,000

November 18, 2024

Sold for £425,000

2012

Floor Plans

Description

A handsome Grade 2 Listed Georgian townhouse requiring further modernisation and refurbishment, extending in all to some 3,537 sq. ft (328 sq. m), whilst set in in a popular area of Edgbaston on the prestigious Calthorpe Estate.

SITUATION

Situated within Edgbaston the property is most conveniently placed for access to Five Ways railway station and Birmingham City Centre, which lies only approximately 1 mile to the north. George Road is also well placed for the local shops within the nearby Templefields Square (approximately 500m away), as well as being within proximity of West House Preparatory School.

DESCRIPTION

40 George Road is a period townhouse, believed to date from circa 1830-40 and listed Grade 2 for its historical and architectural interest. The property offers stucco elevations principally set beneath a slate roof, with double single storey bay windows to the front façade, and originally formed one of a pair of semi-detached Regency villas with the adjoining 39 George Road.

The property is currently configured as a house (having previously being used as offices), with accommodation principally set over two floors with a second floor 4th attic bedroom and a generous basement area. The property is currently in need of some further modernisation and refurbishment bit offers an excellent opportunity to create either a wonderful period family home or potentially could well be suited for conversion back to a more commercial usage (subject to any necessary consents being obtained).

ACCOMMODATION

Extending to some 3,537 sq. ft. (328 sq. m), the accommodation presently comprises;

On the Ground Floor

A panelled front door leads into the central reception hall, with a tiled floor and ceiling rose. The front dining room has a bay window to the front aspect, and central feature of a fine marble fireplace surround and hearth.

The principal living room is dual aspect with a bay window to the front, decorative coving and ceiling rose and feature fireplace with ornate surround and wood burning stove (not tested) within.

A small side hall has a cloaks area, part obscure glazed side access door and a cloakroom off.

The modern fitted kitchen has a tiled floor and is fitted with a range of modern base and wall mounted units, a single bowl sink unit with mixer tap and integrated drainer, a range of appliances to include a Siemens oven and microwave oven, integrated full height fridge and separate freezer, and a dishwasher. There is a large central island unit/breakfast bar, with a Siemens 5 ring gas hob and storage drawers beneath. Steps lead down to a rear hall with door out onto the rear gardens, and access to a utility/boiler room. Stairs leads up to a mezzanine bedroom 5/office/studio.

On the First Floor

From the reception hall a staircase, leads up to the first floor landing, with an open dressing room/study area off and doors off to the bedroom accommodation.

The master suite comprises a fine double bedroom with a dual aspect and served by an en suite shower room. There is a second bedroom with an aspect to the front and room with potential to be converted into a family bathroom (currently not fitted). To the rear of the property is bedroom 3 with an en suite shower room, and a staircase leads up to the second floor attic bedroom 4.

Basement
From the kitchen a staircase leads down to the original cellars which now comprise a games/playroom and a room previously used as a gym, together with a separate wine store.

OUTSIDE
The property is approached from George Road via double iron gates, leading onto a secure drive which runs to the north side of the house and onto the rear east facing gardens.

GENERAL INFORMATION

Tenure: The property is Freehold. The Agent has not checked the legal documents to verify the Freehold status of the property. The buyer is advised to obtain verification from their Solicitor or Surveyor.

Published November 2024

Agent Details

Robert Powell, Birmingham

0121 387 6392

Next Steps?

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