3 Bed Detached House, Refurb/BRRR, Rowley Regis, B65 9SD, £265,000

20 Midhill Drive, Rowley Regis, B65 9SD - 2 views - 5 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£101K - £315K
Sold Prices/m²£1.3K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£200,150

 

 

End Value (After Refurb)

£222,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£36,800

Bridging Loan Interest

£6,956

Total Cash In

£122,856

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,500

Mortgage (After Refinance)

£166,875

Mortgage LTV

75%

Cash Left In

£122,856

Equity

£55,625

Rent Range

£850 - £1,395

Rent Estimate

£1,110

Running Costs/mo

£937

Cashflow/mo

£173

Cashflow/yr

£2,072

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £101K to £315K, average is £186K. £1.3K/m² to £6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£220K12/200 mi1, Midhill Drive, Rowley Regis, West Midlands B65 9SD3
£245.5K11/210.1 mi43, Midhill Drive, Rowley Regis, West Midlands B65 9SG3
£249.9K05/210.1 mi63, Midhill Drive, Rowley Regis, West Midlands B65 9SG3
£210K06/230.12 mi14, Newbury Walk, Rowley Regis, West Midlands B65 9DF3
£172.5K07/210.15 mi13, Portway Hill, Rowley Regis, West Midlands B65 9DE3
£240K04/210.16 mi27, Sidaway Close, Rowley Regis, West Midlands B65 9SJ3
£207K07/230.17 mi285, Newbury Lane, Oldbury, West Midlands B69 1JH3
£285K08/220.18 mi1, Wadham Close, Rowley Regis, West Midlands B65 9SH3
£149.9K02/210.19 mi342, Newbury Lane, Oldbury, West Midlands B69 1JJ3
£157.5K06/230.19 mi330, Newbury Lane, Oldbury, West Midlands B69 1JJ3
£183K12/220.19 mi356, Newbury Lane, Oldbury, West Midlands B69 1JJ3
£265K11/220.2 mi24, Sidaway Close, Rowley Regis, West Midlands B65 9SJ3
£195K05/230.24 mi90, Wallace Road, Oldbury, West Midlands B69 1HL3
£212K03/210.27 mi174, Throne Road, Rowley Regis, West Midlands B65 9LD3
£210K12/220.27 mi168, Throne Road, Rowley Regis, West Midlands B65 9LD3
£182K01/230.3 mi199, Newbury Lane, Oldbury, West Midlands B69 1JQ3
£155K02/210.3 mi254, Newbury Lane, Oldbury, West Midlands B69 1JG3
£194.3K12/200.31 mi3, St Brades Close, Tividale, Oldbury, West Midlands B69 1NX3
£210.5K07/230.33 mi23, Gilbert Avenue, Tividale, Oldbury, West Midlands B69 1PJ3
£315K05/220.33 mi131, Tower Road, Tividale, Oldbury, West Midlands B69 1NF3
£120K02/210.33 mi164, Tower Road, Tividale, Oldbury, West Midlands B69 1PE3
£218K06/230.35 mi48, Wallace Road, Oldbury, West Midlands B69 1HH3
£187K02/230.36 mi115, Ivy House Road, Oldbury, West Midlands B69 1HQ3
£150K12/220.36 mi7, Wallace Road, Oldbury, West Midlands B69 1HH3
£206K06/230.36 mi26, Ivy House Road, Oldbury, West Midlands B69 1HJ3
£165K02/230.37 mi195, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£123K07/210.37 mi193, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£175.5K12/200.37 mi186, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£150K11/200.37 mi197, Tower Road, Tividale, Oldbury, West Midlands B69 1PF3
£225K12/220.37 mi64, Hanover Road, Rowley Regis, West Midlands B65 9DZ3
£160K11/200.38 mi24, Hanover Road, Rowley Regis, West Midlands B65 9DZ3
£178K12/220.38 mi8, Hawfield Close, Tividale, Oldbury, West Midlands B69 1LH3
£130K11/200.39 mi211, Throne Road, Rowley Regis, West Midlands B65 9LA3
£130K11/200.39 mi211, Throne Road, Rowley Regis, West Midlands B65 9LA3
£135K03/210.39 mi209, Throne Road, Rowley Regis, West Midlands B65 9LA3
£230K03/210.41 mi28, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£208K03/210.41 mi20, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£285K03/230.41 mi38, St Andrews Drive, Tividale, Oldbury, West Midlands B69 1PR3
£185K10/210.42 mi33, City Road, Tividale, Oldbury, West Midlands B69 1QZ3
£232.5K01/230.42 mi32, City Road, Tividale, Oldbury, West Midlands B69 1QZ3
£175K10/210.42 mi64, Ivy House Road, Oldbury, West Midlands B69 1HG3
£265K02/230.43 mi152, Darbys Hill Road, Tividale, Oldbury, West Midlands B69 1SQ3
£180K07/230.43 mi141, Badsey Road, Oldbury, West Midlands B69 1BU3
£209.5K04/210.45 mi11, Strawberry Close, Tividale, Oldbury, West Midlands B69 1NU3
£144K03/210.46 mi7, East Avenue, Tividale, Oldbury, West Midlands B69 1QU3
£175K05/230.46 mi10, East Avenue, Tividale, Oldbury, West Midlands B69 1QU3
£230K10/220.47 mi50, Throne Crescent, Rowley Regis, West Midlands B65 9JD3
£101K08/210.47 mi65, Tower Road, Tividale, Oldbury, West Midlands B69 1NA3
£160K06/210.47 mi68, Tower Road, Tividale, Oldbury, West Midlands B69 1NA3
£165K03/210.47 mi87, Tower Road, Tividale, Oldbury, West Midlands B69 1NA3

Local Rents

10 rents from £850/mo to £1.4K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,35004/250.32 mi-3
£99512/240.32 miPortway Road, ROWLEY REGIS3
£1,25012/230.33 mi-3
£85012/240.38 miNewbury Lane, Oldbury, West Midlands, B693
£1,39504/250.51 mi-3
£1,20003/250.55 mi-3
£87501/250.59 mi-3
£97503/250.59 mi-3
£95002/240.61 mi-3
£99503/250.61 mi-3

Local Area Statistics

Population in B65

23,581

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

1.42 miles away

 

 

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+42%

Property History

Price changed to £265,000

April 1, 2025

Listed for £280,000

November 27, 2024

Floor Plans

Description

  • Popular location +
  • Pleasant front outlook +
  • In need of modernisation +
  • Three bedrooms +
  • Garage conversion +
  • Block paved drive +
  • Good size dining kitchen +
  • Utility +
  • Ground floor WC +
  • No upward chain +

A Three bedroom link detached home in good position on this popular development. In need of updating and modernisation, having gas central heating[not tested], double glazing and NO UPWARD CHAIN. Block paved drive, Hall, Lounge opening to Large Dining Kitchen with oven and hob, Extra Room/Garage Conversion with shower area. Utility, Cloakroom with WC, Three bedrooms and upstairs shower room. Completely overgrown garden. All main services connected. Broadband/Mobile coverage://checker.ofcom.org.uk/en-gb/broadband-coverage. Council Tax band C. EPC C
Construction walls brick,tiled roof Entrance Hall Lounge 14' 1'' x 12' 10'' (4.29m x 3.91m) opening to the dining kitchen Dining Kitchen 16' 1'' x 10' 7'' (4.90m x 3.22m) With oven hob and microwave. Store off Garage Conversion 19' 3''max x 7' 6'' (5.86m x 2.28m) With shower cubicle area Utility 7' 10'' x 7' 7''max (2.39m x 2.31m) With door and window to the garden Cloakroom With WC and handbasin Landing Airing cupboard off Bedroom 1 13' 9''plus recess x 9' 6''plus dr recess (4.19m x 2.89m) Bedroom 2 9' 1'' x 8' 11'' (2.77m x 2.72m) Bedroom 3 8' 11'' x 6' 11'' (2.72m x 2.11m) Shower Room 6' 3'' x 6' 0'' (1.90m x 1.83m) With shower cubicle, handbasin and WC Overgrown rear garden

Agent Details

Taylors Estate Agents, Halesowen

0121 387 6422

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.