3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B43 7EX, £240,000

Queslett Road, Great Barr, Birmingham B43 7EX - 7 views - 5 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+14 photos

ValuationFair Value

Sold Prices£168.5K - £340K
Sold Prices/m²£2K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£239,747

 

 

End Value (After Refurb)

£256,687

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£36,800

Bridging Loan Interest

£6,300

Total Cash In

£113,550

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£256,687

Mortgage (After Refinance)

£192,515

Mortgage LTV

75%

Cash Released

£12,515

Cash Left In

£101,035

Equity

£64,172

Rent Range

£1,100 - £2,500

Rent Estimate

£1,368

Running Costs/mo

£1,096

Cashflow/mo

£272

Cashflow/yr

£3,267

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £168.5K to £340K, average is £238K. £2K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£260K07/230 mi292, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£198.5K12/200 mi252, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£245K08/220.05 mi36, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£185K01/210.05 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£255K07/210.05 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£265K05/230.1 mi14, Ivanhoe Road, Birmingham, West Midlands B43 7QU3
£210K12/200.12 mi7, Foxwood Avenue, Birmingham, West Midlands B43 7QX3
£321K06/230.14 mi18, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£207K04/230.14 mi14, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£245K09/230.15 mi35, Stonehurst Road, Birmingham, West Midlands B43 7RA3
£300K08/220.15 mi19, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£220K02/230.19 mi16, Pinley Grove, Birmingham, West Midlands B43 7RB3
£275K02/210.19 mi86, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BW3
£180K02/210.2 mi11, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BT3
£240K03/210.21 mi113, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£295K08/230.21 mi51, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£275K03/230.21 mi49, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£230K01/230.21 mi4, Cotman Close, Birmingham, West Midlands B43 7HR3
£310K08/230.21 mi62, Park Farm Road, Birmingham, West Midlands B43 7QH3
£276K10/230.21 mi94, Park Farm Road, Birmingham, West Midlands B43 7QH3
£327.5K01/230.22 mi70, Park Farm Road, Birmingham, West Midlands B43 7QH3
£182K06/210.23 mi6, Hillingford Avenue, Birmingham, West Midlands B43 7HS3
£235.5K08/210.24 mi24, Selvey Avenue, Birmingham, West Midlands B43 7RE3
£240K07/230.24 mi26, Greenaway Close, Birmingham, West Midlands B43 7HT3
£265K10/210.25 mi21, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£248K03/210.25 mi70, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£340K04/230.25 mi32, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£290K12/220.26 mi82, Nether Hall Avenue, Birmingham, West Midlands B43 7ET3
£175K12/200.26 mi50, Ringinglow Road, Birmingham, West Midlands B44 9BL3
£257K06/230.27 mi287, Queslett Road, Great Barr, Birmingham, West Midlands B43 7HB3
£233K02/230.27 mi299, Queslett Road, Great Barr, Birmingham, West Midlands B43 7HB3
£200K09/210.27 mi21, Drummond Grove, Birmingham, West Midlands B43 7BU3
£270K08/230.28 mi20, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£200K03/210.28 mi21, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£191K09/210.28 mi11, Cattermole Grove, Birmingham, West Midlands B43 7EH3
£275K11/220.3 mi15, Comsey Road, Birmingham, West Midlands B43 7RG3
£168.5K10/200.3 mi170, Tyndale Crescent, Birmingham, West Midlands B43 7HU3
£250K06/230.31 mi82, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£200.3K04/210.31 mi134, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£182K05/230.31 mi567, Queslett Road, Great Barr, Birmingham, West Midlands B43 7ER3
£270K03/230.31 mi114, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£220K05/230.31 mi196, Tyndale Crescent, Birmingham, West Midlands B43 7HU3
£173K11/200.32 mi122, Brackenfield Road, Birmingham, West Midlands B44 9BH3
£203.5K07/230.32 mi66, Brackenfield Road, Birmingham, West Midlands B44 9BH3
£243K12/220.32 mi72, Ringinglow Road, Birmingham, West Midlands B44 9BN3
£191.5K01/210.32 mi41, Brackenfield Road, Birmingham, West Midlands B44 9BG3
£168.5K02/210.32 mi39, Brackenfield Road, Birmingham, West Midlands B44 9BG3
£236K04/210.33 mi37, Park Farm Road, Birmingham, West Midlands B43 7QQ3
£200K01/210.33 mi195, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£185K02/210.33 mi123, Tyndale Crescent, Birmingham, West Midlands B43 7HX3

Local Rents

21 rents from £1.1K/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,29512/240.08 mi-3
£1,29512/240.08 mi-3
£1,19512/240.2 miBeacon Road, Great Barr, Birmingham, B433
£1,19512/240.2 miBeacon Road, Great Barr, Birmingham, B433
£1,15012/240.26 miNetherhall Avenue, Great Barr. B43 7ET3
£1,15012/240.28 miBeacon Road, Great Barr, Birmingham, West Midlands3
£2,16702/240.32 mi-3
£1,45011/240.33 mi-3
£1,10012/240.35 miBrackenfield Road, Great Barr, Birmingham, West Midlands, B443
£1,10012/240.37 miQueslett Road, Birmingham3
£1,10012/240.37 miQueslett Road, Birmingham3
£2,50003/240.37 mi-3
£1,20004/250.48 mi-3
£1,20012/240.48 miTyndale Crescent, BIRMINGHAM3
£1,30002/250.5 mi-3
£1,45001/250.51 mi-3
£1,55001/250.51 mi-3
£1,24509/230.52 mi-3
£1,20012/240.62 mi-3
£1,20002/250.62 mi-3
£1,20004/250.62 mi-3

Local Area Statistics

Population in B43

28,796

Population in Birmingham

1,034,821

Town centre distance

6.21 miles away

Nearest school

0.50 miles away

Nearest train station

1.68 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Price changed to £240,000

February 28, 2025

Price changed to £245,000

February 4, 2025

Listed for £250,000

November 29, 2024

Floor Plans

Description

  • SEMI DETACHED PROPERTY +
  • REAR EXTENSION +
  • GOOD SIZED BEDROOMS +
  • UTILITY AREA +
  • OFF ROAD PARKING +
  • INTEGRAL GARAGE +

Paul Carr Estate Agents are pleased to present this three-bedroom extended family home located on the popular Park Farm Estate. Situated on the Queslett Road you are within close distance to local shops, amenities, ASDA supermarket, and links to the M6 Motorway. Approached via a paved driveway and integral garage having the potential for usage as an additional room subject to necessary planning. Entering through a secure porch the ground floor living space offers a well sized entrance hall leading straight into a large lounge with surround inset electric fireplace with double doors allowing access to the extended dining area accommodating guests and family functions. A further door leads you into the secluded rear garden space. The kitchen has an array of wall and base units, plentiful countertop space, a tiled splash back, hob with above extractor and oven finished with a sink and side drainer, with convenient entry to the side passage providing access to the front and rear of the property and integral garage. To the first floor you are presented with three bedrooms, two of which are good sized double rooms and then a smaller but still generously sized third bedroom. The family shower room consists of a shower cubicle and hand wash unit with a separate W.C. Externally, the home has a good sized private rear garden with fencing to the perimeter. The property offers further potential for a buyer to do their own modernisation throughout. Viewing is highly recommended to see what this property has to offer.

Agent Details

Paul Carr, Great Barr

0121 387 6492

Next Steps?

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