2 Bed Terraced House, Refurb/BRRR, Birmingham, B18 4NF, £150,000

James Turner Street, Birmingham, B18 4NF - 6 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+5 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£121,116

 

 

End Value (After Refurb)

£150,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£26,800

Bridging Loan Interest

£3,938

Total Cash In

£75,688

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,000

Mortgage (After Refinance)

£112,500

Mortgage LTV

75%

Cash Left In

£75,688

Equity

£37,500

Rent Range

£800 - £1,250

Rent Estimate

£1,016

Running Costs/mo

£692

Cashflow/mo

£324

Cashflow/yr

£3,889

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £190K, average is £129K. £821/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£99K11/200.06 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£99K11/200.06 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£141K08/220.06 mi29, Beeton Road, Birmingham, West Midlands B18 4QD2
£136K12/220.12 mi32, Perrott Street, Birmingham, West Midlands B18 4NB2
£122K12/220.12 mi6, Perrott Street, Birmingham, West Midlands B18 4NB2
£70K06/230.15 mi115, Willes Road, Birmingham, West Midlands B18 4QA2
£55K08/220.21 mi50, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ2
£95K09/210.21 mi51, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£112K12/200.21 mi45, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£110K04/230.21 mi43, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£130K07/210.24 mi96, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£130K08/220.24 mi92, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£115.5K03/210.25 mi36, Willes Road, Birmingham, West Midlands B18 4PY2
£143K07/230.26 mi81, Mary Road, Handsworth, Birmingham, West Midlands B21 0RJ2
£125K06/210.27 mi225, Nineveh Road, Birmingham, West Midlands B21 0TA2
£96K01/210.29 mi203, Bacchus Road, Birmingham, West Midlands B18 4RD2
£122K04/210.3 mi195, Bacchus Road, Birmingham, West Midlands B18 4RB2
£100K11/200.37 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.37 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.37 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£145K06/230.37 mi17, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£153K12/220.37 mi59, Alexandra Road, Handsworth, Birmingham, West Midlands B21 0PL2
£131K02/210.37 mi32, Benson Road, Hockley, Birmingham, West Midlands B18 5EB2
£163K07/230.37 mi89, Tew Park Road, Birmingham, West Midlands B21 0TP2
£135K03/230.39 mi60, Tew Park Road, Birmingham, West Midlands B21 0TR2
£127K03/230.39 mi50, Tew Park Road, Birmingham, West Midlands B21 0TR2
£125K10/210.4 mi119, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SE2
£115K05/210.43 mi25, Watt Street, Birmingham, West Midlands B21 0NP2
£148K01/210.46 mi153, Heath Street, Birmingham, West Midlands B18 4DA2
£150K02/210.46 mi157, Heath Street, Birmingham, West Midlands B18 4DA2
£128K06/210.46 mi72, Norman Street, Birmingham, West Midlands B18 7ER2
£155K03/230.48 mi26, Augustine Grove, Birmingham, West Midlands B18 5HA2
£84K01/210.48 mi20, Louise Road, Birmingham, West Midlands B21 0RY2
£97K01/210.52 mi9, Grasmere Road, Birmingham, West Midlands B21 0UP2
£142.5K05/220.54 mi73a, Carlisle Street, Birmingham, West Midlands B18 7EW2
£120K09/220.56 mi16, Wood Green Road, Birmingham, West Midlands B18 4DJ2
£120K08/210.57 mi161, Crocketts Road, Birmingham, West Midlands B21 0HS2
£180K05/220.57 mi85, Winson Street, Birmingham, West Midlands B18 4JT2
£140K12/200.57 mi1a, Kent Street North, Birmingham, West Midlands B18 5RT2
£165K02/230.57 mi9, Foster Gardens, Birmingham, West Midlands B18 5DJ2
£170K07/220.57 mi69, Cuthbert Road, Birmingham, West Midlands B18 4AH2
£164K06/210.6 mi25, Alfred Road, Handsworth, Birmingham, West Midlands B21 9NG2
£141K03/220.62 mi28, Cuthbert Road, Birmingham, West Midlands B18 4AG2
£190K08/220.63 mi12, Unett Street, Smethwick, West Midlands B66 3SW2
£125K06/210.63 mi33, Woodlands Street, Smethwick, West Midlands B66 3TF2
£85K11/210.66 mi119, Junction Road, Birmingham, West Midlands B21 0EU2
£150K11/200.71 mi87, Woodland Road, Handsworth, Birmingham, West Midlands B21 0ET2
£142K08/210.72 mi50, Woodland Road, Handsworth, Birmingham, West Midlands B21 0EP2
£152.5K01/210.76 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£152.5K01/210.76 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2

Local Rents

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

RentDateDistanceAddressBeds 
£80002/240.12 mi-2
£97504/250.18 mi-2
£92503/250.18 mi-2
£92512/240.24 miMarkby Road, Winston Green2
£1,25012/240.39 mi-2
£1,20003/250.39 mi-2
£1,00012/240.41 mi-2
£1,05012/240.44 miJohn Guest Close, Smethwick, B662
£95012/240.46 miHeath Street, BIRMINGHAM2
£1,07501/250.51 mi-2
£1,00012/240.54 miRoosevelt House, Hockley, Birmingham2
£99512/240.58 miWaterside Drive, Hockley2
£1,15012/240.61 mi-2
£98012/240.61 mi-2
£1,00012/240.61 miThe Moorings, Hockley, Birmingham, B182
£1,05002/240.61 mi-2
£97512/240.62 miNorton Street, Birmingham2

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

3.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £150,000

December 9, 2024

Floor Plans

Description

  • Two-bedrooms +
  • Mid-terraced +
  • First floor bathroom +
  • Courtyard and garden to the rear +
  • No Chain +
  • In need of modernisatioIdeal for investors and first time buyers +

Maguire Jackson are delighted to offer this two bedroom family home offering two versatile reception rooms, first floor bathroom, court yard garden and a further garden space to the rear. In need of modernisation and being offered with no onward chain this property is ideal for first time buyers and investors. Call now to arrange a viewing.

The property is accessed from the front via a small paved courtyard.

Dining Room (3.21m x 3.20m) having a bay window to the front aspect and door to the rear.

Lounge (3.21m x 3.20m) having a double glazed window to the rear aspect, door leading to the stairs rising to the first floor and door to the kitchen.

Kitchen - Having a range of floor and wall mounted units, space for appliances, double glazed window to the rear aspect and door into the court yard.

Bedroom (3.21m x 3.20m) having a double glazed window to the front aspect and storage cupboard.

Bedroom Two (3.21m x 1.92m) having a double glazed window to the rear aspect

Bathroom - Having a three piece suite consisting of bath, low level w/c and pedestal wash hand basin.

Court yard to the rear with gated access to the rear passage and the garden beyond which is currently over grown.

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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