2 Bed Terraced House, Refurb/BRRR, Birmingham, B18 4NB, £130,000

Perrott Street, Winson Green, Birmingham, B18 4NB - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 7%
~68 m²
+1 photos

ValuationOvervalued

Sold Prices£55K - £190K
Sold Prices/m²£821/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£121,101

 

 

End Value (After Refurb)

£123,716

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£26,800

Bridging Loan Interest

£3,413

Total Cash In

£69,563

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,716

Mortgage (After Refinance)

£92,787

Mortgage LTV

75%

Cash Left In

£69,563

Equity

£30,929

Rent Range

£800 - £1,250

Rent Estimate

£1,025

Running Costs/mo

£612

Cashflow/mo

£413

Cashflow/yr

£4,961

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £55K to £190K, average is £127.3K. £821/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£136K12/220 mi32, Perrott Street, Birmingham, West Midlands B18 4NB2
£122K12/220 mi6, Perrott Street, Birmingham, West Midlands B18 4NB2
£99K11/200.08 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£99K11/200.08 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£141K08/220.17 mi29, Beeton Road, Birmingham, West Midlands B18 4QD2
£70K06/230.22 mi115, Willes Road, Birmingham, West Midlands B18 4QA2
£55K08/220.22 mi50, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ2
£95K09/210.23 mi51, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£112K12/200.23 mi45, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£110K04/230.23 mi43, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£115.5K03/210.29 mi36, Willes Road, Birmingham, West Midlands B18 4PY2
£96K01/210.32 mi203, Bacchus Road, Birmingham, West Midlands B18 4RD2
£122K04/210.34 mi195, Bacchus Road, Birmingham, West Midlands B18 4RB2
£130K07/210.35 mi96, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£130K08/220.35 mi92, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£148K01/210.35 mi153, Heath Street, Birmingham, West Midlands B18 4DA2
£150K02/210.35 mi157, Heath Street, Birmingham, West Midlands B18 4DA2
£125K06/210.37 mi225, Nineveh Road, Birmingham, West Midlands B21 0TA2
£143K07/230.38 mi81, Mary Road, Handsworth, Birmingham, West Midlands B21 0RJ2
£100K11/200.38 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.38 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.38 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£145K06/230.38 mi17, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£128K06/210.39 mi72, Norman Street, Birmingham, West Midlands B18 7ER2
£131K02/210.42 mi32, Benson Road, Hockley, Birmingham, West Midlands B18 5EB2
£120K09/220.44 mi16, Wood Green Road, Birmingham, West Midlands B18 4DJ2
£180K05/220.45 mi85, Winson Street, Birmingham, West Midlands B18 4JT2
£170K07/220.46 mi69, Cuthbert Road, Birmingham, West Midlands B18 4AH2
£142.5K05/220.47 mi73a, Carlisle Street, Birmingham, West Midlands B18 7EW2
£153K12/220.47 mi59, Alexandra Road, Handsworth, Birmingham, West Midlands B21 0PL2
£163K07/230.48 mi89, Tew Park Road, Birmingham, West Midlands B21 0TP2
£135K03/230.5 mi60, Tew Park Road, Birmingham, West Midlands B21 0TR2
£127K03/230.5 mi50, Tew Park Road, Birmingham, West Midlands B21 0TR2
£155K03/230.5 mi26, Augustine Grove, Birmingham, West Midlands B18 5HA2
£125K10/210.52 mi119, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SE2
£141K03/220.52 mi28, Cuthbert Road, Birmingham, West Midlands B18 4AG2
£115K05/210.52 mi25, Watt Street, Birmingham, West Midlands B21 0NP2
£190K08/220.52 mi12, Unett Street, Smethwick, West Midlands B66 3SW2
£125K06/210.53 mi33, Woodlands Street, Smethwick, West Midlands B66 3TF2
£140K12/200.58 mi1a, Kent Street North, Birmingham, West Midlands B18 5RT2
£84K01/210.6 mi20, Louise Road, Birmingham, West Midlands B21 0RY2
£165K02/230.6 mi9, Foster Gardens, Birmingham, West Midlands B18 5DJ2
£97K01/210.61 mi9, Grasmere Road, Birmingham, West Midlands B21 0UP2
£120K08/210.64 mi161, Crocketts Road, Birmingham, West Midlands B21 0HS2
£127.5K08/210.67 mi1, Raglan Road, Smethwick, West Midlands B66 3NE2
£98K01/210.69 mi5, Majuba Road, Birmingham, West Midlands B16 0PD2
£170K07/230.7 mi62, Majuba Road, Birmingham, West Midlands B16 0PA2
£164K06/210.72 mi25, Alfred Road, Handsworth, Birmingham, West Midlands B21 9NG2
£85K11/210.73 mi119, Junction Road, Birmingham, West Midlands B21 0EU2
£152.5K01/210.74 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2

Local Rents

19 rents from £800/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£80002/240.04 mi-2
£92503/250.21 mi-2
£97504/250.22 mi-2
£92512/240.28 miMarkby Road, Winston Green2
£1,25012/240.3 mi-2
£1,20003/250.3 mi-2
£95012/240.34 miHeath Street, BIRMINGHAM2
£1,05012/240.35 miJohn Guest Close, Smethwick, B662
£1,07501/250.39 mi-2
£1,00012/240.44 mi-2
£1,00012/240.52 miRoosevelt House, Hockley, Birmingham2
£95003/240.55 mi-2
£95012/240.55 miChiswell Road, Birmingham, B182
£99512/240.55 miWaterside Drive, Hockley2
£1,15003/250.59 mi-2
£1,15012/240.6 mi-2
£98012/240.6 mi-2
£1,00012/240.6 miThe Moorings, Hockley, Birmingham, B182
£1,05002/240.6 mi-2

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

3.36 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £130,000

November 29, 2024

Floor Plans

Description

  • Mid Terrace Residence +
  • Two Double Bedrooms Accompanied By A Bathroom +
  • Two Recpeiton Rooms +
  • Kitchen +
  • Rear Garden +
  • No Upwards Chain +
  • Requires Refurbsihmet +
  • Offering An Excellent Development Opportunity +
  • Council Tax Band A, EPC Rating D +

This mid-terrace residence presents a fantastic investment opportunity, offering plenty of potential for improvement and value enhancement. The property features two bedrooms, making it ideal for small families, couples, or rental prospects.

The ground floor includes two reception rooms, providing flexibility for a living room and dining area or perhaps a home office or playroom. The kitchen is positioned at the rear, ready for modernisation to suit contemporary tastes.

Upstairs, the first floor comprises two generously sized bedrooms and a family bathroom. Although the house requires refurbishment throughout, it offers the chance to transform it into a desirable home or rental property.

With the right vision and upgrades, this home could significantly increase in value, making it an excellent investment for developers, first-time buyers looking for a project, or landlords seeking to expand their portfolio.

Agent Details

Henley Charles, Handsworth

0121 387 6456

Next Steps?

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