3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B37 7QT, £200,000
Rowan Way, Chelmsley Wood, Birmingham, West Midlands, B37 7QT - 3 views - 6 days ago
Refurb/BRRR
ROI: 5%
~93 m²
+7 photos
ValuationFair Value
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £50,000 |
Stamp Duty & Legal Fees | £7,200 |
Refurb Costs | £36,550 |
Bridging Loan Interest | £5,250 |
Total Cash In | £100,750 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £206,377 |
Mortgage (After Refinance) | £154,783 |
Mortgage LTV | 75% |
Cash Released | £4,783 |
Cash Left In | £95,968 |
Equity | £51,594 |
Rent Range | £900 - £2,700 |
Rent Estimate | £1,381 |
Running Costs/mo | £941 |
Cashflow/mo | £440 |
Cashflow/yr | £5,278 |
ROI | 5% |
Gross Yield | 8% |
Local Rents
15 rents from £900/mo to £2.7K/mo, average is £1.3K/mo.
Local Area Statistics
Population in B37 | 35,871 |
Population in Birmingham | 1,034,821 |
Town centre distance | 6.20 miles away |
Nearest school | 0.30 miles away |
Nearest train station | 1.03 miles away |
| |
Rental growth (12m) | +71% |
Sales demand | Balanced market |
Capital growth (5yrs) | +12% |
Property History
Listed for £200,000
January 9, 2025
Floor Plans
Description
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