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.

RentDateDistanceAddressBeds 
£1,08012/240.08 miAspen Drive, BIRMINGHAM3
£1,20010/240.09 mi-3
£1,10002/240.09 mi-3
£1,25012/240.11 miPoplar Avenue, Chelmsley Wood, BIRMINGHAM3
£2,70012/240.13 mi-3
£90012/240.15 miPiccadilly Close, Chelmsley Wood, Birmingham3
£1,39512/240.18 miOrchid Close, Birmingham, B373
£1,39503/240.18 mi-3
£1,40011/230.2 mi-3
£1,30002/240.26 mi-3
£2,50010/240.33 mi-3
£1,32512/240.39 miLudworth Avenue, B37 7FS3
£1,10012/240.39 mi-3
£1,10012/240.48 miWardour Drive, B373
£97512/240.6 miCuley Walk, B373

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

CHELMSLEY WOOD. In a much sought after area of CHELMSLEY WOOD is This substantial house, offered to the market with NO UPWARD CHAIN and presenting in our opinion a superb MODERNISATION PROJECT. The property offers a spacious reception room, generously sized kitchen breakfast room, three very generous bedrooms and a modern fitted shower room on the first floor. To the side is a single garage that may facilitate room to extend depending on planning and building regulations. Outside is a driveway to the front and a lovely low maintenance rear area. VIEW!!! EPC RATING E

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QCA240158/2

Agent Details

YOUR MOVE Murray Rogers, Castle Bromwich

0121 387 6311

Next Steps?

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