2 Bed Flat, Cash/Bridging Only, Birmingham, B27 6AE, £100,000

Sherbourne Road, Acocks Green, Birmingham, West Midlands, B27 6AE - 2 views - 4 months ago

Leasehold

Cash

ROI: 6%

~63 m²

+6 photos

ValuationFair Value

Sold Prices	£75K - £176K
Sold Prices/m²	£1.4K/m² - £2.9K/m²

Square Metres	~63 m²
Price/m²	£1.6K/m²
Value Estimate	£102,000£102,000

End Value (After Refurb)	£148,050£148,050
Uplift in Value	+48%+48%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£4,200£4,200
Refurb Costs	£24,789£24,789
Bridging Loan Interest	£2,625£2,625
Total Cash In	£58,364£58,364

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£148,050£148,050
Agent Fees (1%)	£1,481£1,481
Bridging Loan	£75,000£75,000
Bridging Loan Interest	£2,625£2,625
Flip Profit	£13,206£13,206

Local Sold Prices

33 sold prices from £75K to £176K, average is £138K. £1.4K/m² to £2.9K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£136K	03/21	0.12 mi	11, 1 - 3, Dudley Park Road, Acocks Green, Birmingham, West Midlands B27 6QP	-	-	2	Flat
£119K	12/20	0.14 mi	35, Alexander Road, Acocks Green, Birmingham, West Midlands B27 6ER	£1,417	84	2	Flat
£142K	03/22	0.18 mi	Apartment 5, Great Western Court, The Avenue, Acocks Green, Birmingham, West Midlands B27 6NT	-	-	2	Flat
£122.5K	04/21	0.44 mi	51, Hazeltree Croft, Acocks Green, Birmingham, West Midlands B27 7XS	£2,042	60	2	Flat
£125K	04/21	0.44 mi	26, Hazeltree Croft, Acocks Green, Birmingham, West Midlands B27 7XS	£2,273	55	2	Flat
£75K	07/22	0.44 mi	58, Hazeltree Croft, Acocks Green, Birmingham, West Midlands B27 7XS	£1,415	53	2	Flat
£140K	09/23	0.44 mi	25, Hazeltree Croft, Acocks Green, Birmingham, West Midlands B27 7XS	£2,641	53	2	Flat
£135K	08/23	0.44 mi	42, Hazeltree Croft, Acocks Green, Birmingham, West Midlands B27 7XS	£2,250	60	2	Flat
£152K	09/22	0.45 mi	30, Starley Court, Birmingham, West Midlands B27 6TG	£2,923	52	2	Flat
£128K	06/22	0.45 mi	39, Hazeltree Croft, Acocks Green, Birmingham, West Midlands B27 7XS	£2,286	56	2	Flat
£95K	05/22	0.46 mi	59, Victoria Road, Acocks Green, Birmingham, West Midlands B27 7YB	£1,638	58	2	Flat
£136K	10/22	0.5 mi	43, Hazeltree Croft, Acocks Green, Birmingham, West Midlands B27 7XS	£2,463	55	2	Flat
£155K	11/22	0.56 mi	28, Vine Lane, Birmingham, West Midlands B27 6SY	£2,541	61	2	Flat
£108.5K	06/23	0.56 mi	42, Vine Lane, Birmingham, West Midlands B27 6SY	£1,779	61	2	Flat
£104.3K	02/23	0.56 mi	52, Vine Lane, Birmingham, West Midlands B27 6SY	£1,532	68	2	Flat
£140K	05/21	0.56 mi	121, Vine Lane, Birmingham, West Midlands B27 6SY	£2,295	61	2	Flat
£142.5K	11/20	0.56 mi	66, Vine Lane, Birmingham, West Midlands B27 6SY	£2,209	65	2	Flat
£152K	01/23	0.56 mi	15, Vine Lane, Birmingham, West Midlands B27 6SY	£2,452	62	2	Flat
£150K	06/22	0.61 mi	19, Canal Court, Birmingham, West Midlands B27 6SU	£2,459	61	2	Flat
£140K	08/22	0.66 mi	3, Lenton Croft, Birmingham, West Midlands B26 1EJ	£2,032	69	2	Flat
£113K	02/21	0.7 mi	Flat 6, Hartshill House, Hartshill Road, Acocks Green, Birmingham, West Midlands B27 6PD	-	-	2	Flat
£121K	07/21	0.73 mi	32, Longley Crescent, Birmingham, West Midlands B26 1EN	£1,704	71	2	Flat
£149K	10/23	0.77 mi	27, Collingtree Court, Solihull, West Midlands B92 7HU	£2,865	52	2	Flat
£150K	09/23	0.77 mi	15, Collingtree Court, Solihull, West Midlands B92 7HU	-	-	2	Flat
£135K	01/24	0.77 mi	16, Collingtree Court, Solihull, West Midlands B92 7HU	£2,109	64	2	Flat
£176K	12/22	0.77 mi	42, Collingtree Court, Solihull, West Midlands B92 7HU	£1,969	89	2	Flat
£77.5K	02/21	0.8 mi	23, Collingtree Court, Solihull, West Midlands B92 7HU	£1,360	57	2	Flat
£138K	03/21	0.86 mi	62, Masons Way, Solihull, West Midlands B92 7JE	£1,971	70	2	Flat
£151K	07/23	0.94 mi	78, Masons Way, Solihull, West Midlands B92 7JF	£2,246	67	2	Flat
£122K	02/21	0.94 mi	84, Masons Way, Solihull, West Midlands B92 7JF	£1,900	64	2	Flat
£142.5K	02/21	0.95 mi	180a, Barn Lane, Solihull, West Midlands B92 7LZ	£2,545	56	2	Flat
£156K	11/22	0.96 mi	176a, Barn Lane, Solihull, West Midlands B92 7LZ	£2,476	63	2	Flat
£170K	06/23	0.99 mi	21, Marsden Close, Solihull, West Midlands B92 7JR	£2,787	61	2	Flat

Local Rents

22 rents from £850/mo to £1.2K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£950	12/24	0.18 mi	The Avenue, Acocks Green, BIRMINGHAM	2	Flat
£899	01/25	0.23 mi	-	2	Flat
£875	12/24	0.26 mi	Malvern Road,Acocks Green,Birmingham,B27	2	Flat
£895	12/24	0.39 mi	Woodberry Walk, BIRMINGHAM	2	Flat
£895	12/24	0.39 mi	Woodberry Walk, BIRMINGHAM	2	Flat
£850	02/24	0.4 mi	-	2	Flat
£1,149	02/24	0.45 mi	-	2	Flat
£1,149	02/24	0.45 mi	-	2	Flat
£1,000	01/25	0.46 mi	-	2	Flat
£950	02/24	0.5 mi	-	2	Flat
£1,050	10/24	0.5 mi	-	2	Flat
£1,050	10/24	0.5 mi	-	2	Flat
£995	11/24	0.5 mi	-	2	Flat
£925	11/24	0.5 mi	-	2	Flat
£850	12/24	0.5 mi	Yarnfield Road, Tyseley	2	Flat
£950	12/24	0.51 mi	Wolseley Avenue, Acocks Green, Birmingham, B27	2	Detached House
£1,150	12/24	0.55 mi	Mansfield Road, Yardley, BIRMINGHAM	2	Flat
£950	12/24	0.56 mi	-	2	Semi-Detached House
£950	12/24	0.56 mi	Vine Lane, Acocks Green, Birmingham	2	Flat
£1,175	01/25	0.56 mi	-	2	Terraced House
£940	12/24	0.58 mi	-	2	Terraced House
£900	12/24	0.6 mi	Tibland Road, Acocks Green B27	2	Terraced House

Local Area Statistics

Population in B27	25,33125,331
Population in Birmingham	1,034,8211,034,821
Town centre distance	2.61 miles away2.61 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.22 miles away0.22 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+18%+18%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+25%+25%

Property History

Listed for £100,000

January 7, 2025

Floor Plans

Description

CASH BUYERS ONLY. 40 year lease.
For sale is this two bedroom ground floor apartment located in a popular location within Acocks Green. The property boasts two good size bedrooms, living room and kitchen, with communal gardens surrounding the property.
if you are interested in this property please call now to register your details and book your viewing.

Agent Details

Dixons, Acocks Green

0121 387 6259

Next Steps?

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