3 Bed Terraced House, Refurb/BRRR, Birmingham, B17 9HR, £420,000

Ravenhurst Road, Harborne, B17 9HR - 4 views - 5 months ago

Sold STC
Refurb/BRRR
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£327.5K - £725K
Sold Prices/m²£3.1K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.5K/m²

Value Estimate

£432,600
BMV3%

 

 

End Value (After Refurb)

£440,669

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£105,000

Stamp Duty & Legal Fees

£22,300

Refurb Costs

£36,724

Bridging Loan Interest

£11,025

Total Cash In

£176,799

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£440,669

Mortgage (After Refinance)

£330,501

Mortgage LTV

75%

Cash Released

£15,501

Cash Left In

£161,297

Equity

£110,167

Rent Range

£975 - £2,300

Rent Estimate

£1,496

Running Costs/mo

£1,696

Cashflow/mo

£-200

Cashflow/yr

£-2,403

Gross Yield

4%

Local Sold Prices

50 sold prices from £327.5K to £725K, average is £490K. £3.1K/m² to £6K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£435K01/210.05 mi23, North Gate, Birmingham, West Midlands B17 9EP3
£535K01/230.05 mi30, North Gate, Birmingham, West Midlands B17 9EP3
£430K02/210.05 mi21, North Gate, Birmingham, West Midlands B17 9EP3
£505K03/210.09 mi19, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£490K03/210.09 mi7, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£445K11/200.09 mi1, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£372K07/230.09 mi15, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£389K09/210.09 mi140, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HS3
£425K12/220.11 mi61, Moor Pool Avenue, Birmingham, West Midlands B17 9DS3
£405K04/210.11 mi67, Moor Pool Avenue, Birmingham, West Midlands B17 9DS3
£520K07/230.13 mi22, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£396K11/220.13 mi10, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£560K11/200.13 mi34, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£478K01/210.13 mi38, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£500K10/200.13 mi44, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£478K02/210.13 mi30, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£470K01/210.13 mi23, High Brow, Harborne, Birmingham, West Midlands B17 9EW3
£360K03/210.13 mi31, High Brow, Harborne, Birmingham, West Midlands B17 9EW3
£551K06/210.13 mi61, Pereira Road, Birmingham, West Midlands B17 9JB3
£450K10/200.13 mi45, Pereira Road, Birmingham, West Midlands B17 9JB3
£550K02/230.14 mi38, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£499.9K02/210.14 mi21, Moor Pool Avenue, Birmingham, West Midlands B17 9HL3
£495K05/210.14 mi39, Moor Pool Avenue, Birmingham, West Midlands B17 9HL3
£572.5K06/210.17 mi26, Margaret Grove, Birmingham, West Midlands B17 9JH3
£510K11/200.17 mi32, Margaret Grove, Birmingham, West Midlands B17 9JH3
£460K06/210.22 mi75, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HH3
£539K12/220.22 mi17, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BN3
£560K02/210.23 mi41, Park Hill Road, Harborne, Birmingham, West Midlands B17 9SJ3
£485K03/210.23 mi80, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SY3
£490K06/210.24 mi44, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£540K06/210.29 mi7, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SH3
£462K08/210.29 mi139, Gillhurst Road, Birmingham, West Midlands B17 8PG3
£620K11/220.3 mi42, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£575K07/230.3 mi66, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£510K06/210.3 mi40, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£575K05/210.3 mi145, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£383K03/210.3 mi151, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£437.5K01/210.3 mi159, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£700K06/210.31 mi51, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9TB3
£430K06/210.31 mi49, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£370K10/200.31 mi4, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£327.5K03/210.31 mi84, Station Road, Harborne, Birmingham, West Midlands B17 9LX3
£490K04/210.32 mi26, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RE3
£500K02/230.32 mi132, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HD3
£345K11/220.33 mi94, Gordon Road, Harborne, Birmingham, West Midlands B17 9EY3
£725K04/230.33 mi25, Crosbie Road, Birmingham, West Midlands B17 9BG3
£450K10/210.35 mi25, Regent Road, Harborne, Birmingham, West Midlands B17 9JU3
£520K03/210.35 mi57, Regent Road, Harborne, Birmingham, West Midlands B17 9JU3
£450K02/210.35 mi12, Regent Road, Harborne, Birmingham, West Midlands B17 9JU3
£585K03/210.35 mi152, Knightlow Road, Harborne, Birmingham, West Midlands B17 8QA3

Local Rents

32 rents from £975/mo to £2.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.1 miThe Circle, Birmingham3
£1,50012/240.21 miPark Hill Road, Harborne, B173
£1,60012/240.3 miStation Road, Harborne, Birmingham, B17 9LX3
£1,30012/240.3 miGordon Road, Harborne, Birmingham3
£1,45012/240.32 mi-3
£1,45012/240.32 miGordon Road, Birmingham, B173
£1,45012/240.32 miGordon Road, Birmingham, B173
£1,42512/240.36 miRegent Road, Harborne, Birmingham, B17 9JU3
£1,65012/240.36 miRegent Road, Harborne, Birmingham, B17 9JU3
£1,75012/240.38 miHigh Street, Harborne, Birmingham, West Midlands, B17 9QG3
£1,40004/250.39 mi-3
£2,30012/240.4 miGreenfield Road, Harborne, Birmingham, B17 0ES3
£1,50612/240.44 miCourt Oak Road, Birmingham3
£1,40012/240.44 mi55 Vivian Road, Birmingham, B17 0DT3
£1,70012/240.45 miBull Street, Harborne, B173
£1,70012/240.45 miBull Street, Harborne3
£1,70012/240.45 miBull Street, Harborne, Birmingham3
£1,12512/240.45 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,75012/240.46 miHarborne Square, Weather Oaks, Harborne3
£1,59512/240.47 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,25012/240.48 miBull Street, Harborne3
£1,55012/240.49 miAugustus Road, Edgbaston, B153
£1,62512/240.49 miYork Street, Birmingham, B173
£1,67512/240.49 mi34 York Street, Birmingham, B17 0HG3
£1,45012/240.5 miThe Farthings, Metchley Lane, Harborne3
£1,75012/240.52 miWeather Oaks, Harborne, B173
£1,40012/240.53 miYewcroft Avenue, Harborne, Birmingham, B173
£1,25012/240.57 miMalt Close, Harborne, Birmingham3
£1,30012/240.59 miMalt Close, Harborne, Birmingham, B173
£97511/240.59 mi-3
£1,25012/240.61 miGrosvenor Road, Harborne, BIRMINGHAM, West Midlands, B173
£1,39512/240.62 miGrosvenor Road, Harborne, Birmingham, West Midlands, B17 9AN3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.13 miles away

Nearest school

0.30 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £420,000

November 21, 2024

Description

  • No chain +
  • Two reception rooms +
  • Upstairs bathroom +
  • Sought after Moor Pool Estate +
  • Walking distance to Harborne High Street +
  • Close to local amenities +
  • Gas central heating +

This delightful property is worthy of your immediate attention and offered with no chain! An impressive end-terraced house situated in the conservation area of the Moor Pool Estate.

In need of some TLC, this three bedroom family home will allow anyone lucky enough to buy it to put their own stamp upon it. As soon as you step inside this property we are sure that you will soon feel right at home and be excited at the prospect of what this house could offer. Sit in the light and airy lounge watching your favourite programmes on television. You may choose to extend at the back and create your own kitchen, dining and family area which is very much the fashion these days and would make an ideal entertaining space. You should, however, always check with an architect and the relevant authorities before putting any such plans into action. Upstairs, you have the family bathroom. Two bedrooms are of a good size and there's a further single bedroom which could be used as a study. Outside the garden is laid to lawn and easily maintained.

For those of you unfamiliar with the area, the property is within easy reach to QE Hospital, Harborne High Street and local shops and amenities. There are also some highly regarded private and state schools close by. We could go on and on, but to fully appreciate the potential that this home offers, an internal viewing will be required. We look forward to your call.

ROOMS:

GROUND FLOOR
Entrance Hall
Lounge
Kitchen
Dining Room
WC

FIRST FLOOR
Landing
Bedroom One
Bedroom Two
Bedroom Three
Bathroom

OUTSIDE
Front Garden
Rear Garden

Agent Details

Martin & Co, Harborne

0121 387 6333

Next Steps?

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