4 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B29 7RD, £249,950

Warwards Lane, Selly Oak, Birmingham, B29 7RD - 3 views - 3 months ago

Sold STC

Refurb/BRRR

ROI: 6%

~86 m²

+4 photos

ValuationFair Value

Sold Prices	£125K - £900K
Sold Prices/m²	£1.7K/m² - £6.3K/m²

Square Metres	~86.12 m²
Price/m²	£2.9K/m²
Value Estimate	£249,950£249,950

End Value (After Refurb)	£240,027£240,027

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,488£62,488
Stamp Duty & Legal Fees	£8,699£8,699
Refurb Costs	£34,110£34,110
Bridging Loan Interest	£6,561£6,561
Total Cash In	£113,607£113,607

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£240,027£240,027
Mortgage (After Refinance)	£180,021£180,021
Mortgage LTV	75%75%
Cash Left In	£113,607£113,607
Equity	£60,007£60,007
Rent Range	£390 - £2,730£390 - £2,730
Rent Estimate	£1,691
Running Costs/mo	£1,108£1,108
Cashflow/mo	£583£583
Cashflow/yr	£6,993£6,993
ROI	6%6%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £125K to £900K, average is £386K. £1.7K/m² to £6.3K/m², average is £3.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£159.3K	11/20	0.13 mi	32, St Stephens Road, Selly Oak, Birmingham, West Midlands B29 7RP	£3,063	52	4	Terraced House
£180K	11/21	0.15 mi	17, Windrush Grove, Birmingham, West Midlands B29 7SU	-	-	4	Terraced House
£210K	02/21	0.15 mi	20, Ten Acre Mews, Birmingham, West Midlands B30 2BF	£2,258	93	4	Terraced House
£252K	01/23	0.15 mi	11, Ten Acre Mews, Birmingham, West Midlands B30 2BF	£2,400	105	4	Detached House
£239K	01/23	0.15 mi	23, Ten Acre Mews, Birmingham, West Midlands B30 2BF	£2,276	105	4	Terraced House
£750K	11/22	0.21 mi	63, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH	-	-	4	Semi-Detached House
£192.5K	01/23	0.33 mi	62, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ	-	-	4	Terraced House
£178K	04/23	0.33 mi	64, Raddlebarn Road, Selly Oak, Birmingham, West Midlands B29 6HJ	-	-	4	Terraced House
£215K	02/21	0.37 mi	6, Ripple Road, Birmingham, West Midlands B30 2RB	£2,575	83	4	Terraced House
£900K	05/22	0.42 mi	93, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH	-	-	4	Detached House
£260K	09/21	0.45 mi	17, Regent Street, Stirchley, Birmingham, West Midlands B30 2LG	-	-	4	Terraced House
£580K	12/20	0.46 mi	841, Pershore Road, Selly Park, Birmingham, West Midlands B29 7LR	£4,856	119	4	Semi-Detached House
£270K	02/21	0.51 mi	57, Bournville Lane, Birmingham, West Midlands B30 2LP	£2,795	97	4	Terraced House
£410K	02/21	0.51 mi	59, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ	£4,100	100	4	Terraced House
£428K	02/22	0.51 mi	39, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JQ	£3,754	114	4	Detached House
£125K	07/21	0.51 mi	26, Wallace Road, Selly Park, Birmingham, West Midlands B29 7ND	£1,665	75	4	Terraced House
£355K	01/21	0.52 mi	62, Bournville Lane, Birmingham, West Midlands B30 2LJ	£2,383	149	4	Terraced House
£450K	05/23	0.57 mi	68, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JB	-	-	4	Detached House
£410K	10/21	0.58 mi	38, Selly Wick Drive, Selly Park, Birmingham, West Midlands B29 7JH	£4,100	100	4	Detached House
£563K	06/21	0.61 mi	32, Over Mill Drive, Selly Park, Birmingham, West Midlands B29 7JL	£4,233	133	4	Detached House
£620K	04/23	0.62 mi	36, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU	-	-	4	Detached House
£355K	06/21	0.62 mi	155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS	£4,696	76	4	Terraced House
£355K	06/21	0.62 mi	155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS	£4,696	76	4	Terraced House
£355K	06/21	0.62 mi	155, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS	£4,696	76	4	Terraced House
£330K	01/21	0.63 mi	26, Lewis Road, Birmingham, West Midlands B30 2SX	£2,773	119	4	Semi-Detached House
£440K	06/21	0.7 mi	179, Pineapple Road, Birmingham, West Midlands B30 2SY	£3,143	140	4	Semi-Detached House
£445K	02/21	0.73 mi	218, Pineapple Road, Birmingham, West Midlands B30 2TY	£3,007	148	4	Semi-Detached House
£760K	08/22	0.73 mi	134, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED	-	-	4	Detached House
£465K	11/20	0.74 mi	231, Moor Green Lane, Birmingham, West Midlands B13 8QL	£4,306	108	4	Detached House
£590K	06/21	0.76 mi	36, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ	£4,470	132	4	Detached House
£498K	01/21	0.76 mi	68, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ	£4,185	119	4	Detached House
£575K	02/21	0.76 mi	28, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ	-	-	4	Detached House
£562K	06/21	0.76 mi	40, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QJ	-	-	4	Detached House
£740K	04/23	0.78 mi	21, Elizabeth Road, Moseley, Birmingham, West Midlands B13 8QH	£6,271	118	4	Detached House
£389K	10/20	0.78 mi	110, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HT	£2,016	193	4	Detached House
£355K	12/20	0.79 mi	95, Langleys Road, Selly Oak, Birmingham, West Midlands B29 6HR	£2,669	133	4	Semi-Detached House
£388.5K	04/21	0.79 mi	139, Mary Vale Road, Birmingham, West Midlands B30 2DN	-	-	4	Terraced House
£325K	09/21	0.83 mi	301, Fordhouse Lane, Birmingham, West Midlands B30 3AA	£3,125	104	4	Detached House
£390K	04/21	0.84 mi	355, Fordhouse Lane, Birmingham, West Midlands B30 3AA	£2,766	141	4	Detached House
£320K	07/23	0.86 mi	198, Fordhouse Lane, Birmingham, West Midlands B30 3AB	£3,368	95	4	Semi-Detached House
£315K	03/23	0.86 mi	303, Vicarage Road, Kings Heath, Birmingham, West Midlands B14 7NN	-	-	4	Terraced House
£387K	02/23	0.86 mi	23, Holders Gardens, Birmingham, West Midlands B13 8NW	-	-	4	Semi-Detached House
£570K	11/20	0.87 mi	124, Linden Road, Bournville, Birmingham, West Midlands B30 1LB	£2,893	197	4	Semi-Detached House
£676K	08/23	0.87 mi	340, Bristol Road, Birmingham, West Midlands B5 7SN	-	-	4	Detached House
£310K	01/23	0.87 mi	27, Rebecca Drive, Birmingham, West Midlands B29 6TP	£3,563	87	4	Terraced House
£325K	03/21	0.88 mi	73, Avenue Road, Kings Heath, Birmingham, West Midlands B14 7TG	£2,600	125	4	Terraced House
£705K	11/22	0.88 mi	322, Bristol Road, Birmingham, West Midlands B5 7SN	£4,029	175	4	Detached House
£385K	03/21	0.88 mi	213, Mary Vale Road, Birmingham, West Midlands B30 2DL	£2,770	139	4	Terraced House
£249K	03/21	0.89 mi	38, Fordhouse Lane, Birmingham, West Midlands B30 3BS	£2,567	97	4	Semi-Detached House
£350K	12/20	0.89 mi	72, Kingfisher Way, Birmingham, West Midlands B30 1TG	£3,153	111	4	Semi-Detached House

Local Rents

50 rents from £390/mo to £2.7K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,594	12/24	0.01 mi	Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,594	12/24	0.01 mi	Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	2024/2025 ACADEMIC YEAR Spacious Student Accommodation Suitable for Students and Professionals	4	Terraced House
£1,594	12/24	0.01 mi	£92 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,715	12/24	0.01 mi	£98.95 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	£94 PPPW Warwards Lane, Selly Oak. 15 minutes walk to University of Birmingham	4	Terraced House
£1,715	12/24	0.01 mi	£98.95 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	£94 PPPW Warwards Lane, Selly Oak. 15 minutes walk to University of Birmingham	4	Terraced House
£1,594	12/24	0.01 mi	£92 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,715	12/24	0.01 mi	£98.95 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	£94 PPPW Warwards Lane, Selly Oak. 15 minutes walk to University of Birmingham	4	Terraced House
£1,594	12/24	0.01 mi	£92 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,715	12/24	0.01 mi	£98.95 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	£94 PPPW Warwards Lane, Selly Oak. 15 minutes walk to University of Birmingham	4	Terraced House
£1,715	12/24	0.01 mi	£98.95 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	£94 PPPW Warwards Lane, Selly Oak. 15 minutes walk to University of Birmingham	4	Terraced House
£1,594	12/24	0.01 mi	£92 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,715	12/24	0.01 mi	£98.95 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	£94 PPPW Warwards Lane, Selly Oak. 15 minutes walk to University of Birmingham	4	Terraced House
£1,594	12/24	0.01 mi	£92 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,680	12/24	0.01 mi	£96.95 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£1,629	12/24	0.01 mi	£94 PPPW Warwards Lane, Selly Oak. 15 minutes walk to University of Birmingham	4	Terraced House
£1,592	12/24	0.01 mi	Warwards Lane, Birmingham	4	Flat
£2,210	12/24	0.02 mi	Warwards Lane, Selly Park - student property	6	Terraced House
£1,768	12/24	0.02 mi	Warwards Lane, Birmingham	4	Flat
£1,768	12/24	0.02 mi	Warwards Lane, Birmingham	4	Flat
£2,208	12/24	0.02 mi	Warwards Lane, Birmingham	6	Flat
£2,730	12/24	0.03 mi	Warwards Lane, Birmingham	6	Flat
£1,716	12/24	0.03 mi	Warwards Lane, Birmingham	4	Flat
£1,629	12/24	0.03 mi	2023/2024 ACADEMIC YEAR Lovely 4 Double Bedroom Student House, Warwards Lane, Selly Oak, Free Ultrafast 350M Broadband	4	Terraced House
£1,594	12/24	0.03 mi	£92 PPPW Warwards Lane, Selly Oak. 15 mins walk to University Of Birmingham	4	Terraced House
£390	12/24	0.04 mi	15 Westminster Road, Selly Oak, Birmingham, B29 7RN	4	Flat
£1,250	12/24	0.04 mi	Westminster Road, B29	3	Terraced House
£1,732	12/24	0.04 mi	Westminster Road, Selly Oak, Birmingham	4	Flat
£1,560	12/24	0.05 mi	Warwards Lane, Birmingham	4	Flat
£1,560	12/24	0.05 mi	Warwards Lane, Birmingham	4	Flat
£1,732	12/24	0.05 mi	Westminster Road, Selly Oak, Birmingham	4	Flat
£2,000	12/24	0.06 mi	-	4	Terraced House
£1,768	12/24	0.06 mi	Westminster Road, Selly Oak, Birmingham	4	Flat
£975	12/24	0.06 mi	Westminster Road, Selly Oak, Birmingham, B29 7RS	3	Terraced House
£1,404	12/24	0.07 mi	Westminster Rd, Selly Oak. 15mins to University of Birmingham	3	Flat
£1,404	12/24	0.07 mi	Westminster Rd, Selly Oak. 15mins to University of Birmingham	4	Flat
£1,928	12/24	0.07 mi	Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House
£1,928	12/24	0.07 mi	Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House
£1,928	12/24	0.07 mi	£89 PPPW Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House
£1,928	12/24	0.07 mi	£89 PPPW Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House
£1,928	12/24	0.07 mi	£89 PPPW Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House
£1,928	12/24	0.07 mi	£89 PPPW Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House
£1,928	12/24	0.07 mi	£89 PPPW Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House
£1,928	12/24	0.07 mi	£89 PPPW Milner Rd, Selly Oak. 15mins walk to University of Birmingham	5	Terraced House

Local Area Statistics

Population in B29	42,51242,512
Population in Birmingham	1,034,8211,034,821
Town centre distance	2.68 miles away2.68 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.61 miles away0.61 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-16%-16%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £249,950

January 10, 2025

Floor Plans

Description

FOUR BEDROOM SEMI-DETACHED - IN NEED OF UPGRADING - NO CHAIN

Located in Selly Oak, with good access to local schools, Stirchley high Street and local train stations.
The property has beentenanted for over 10 years by the current family and will be in need of someupgrading.

GROUND FLOOR
* Two Reception Rooms
* Kitchen
* WC
* Shower Room

FIRST FLOOR
* Four Bedrooms
* Family Bathroom

Property also benefits from central heating and double glazing

EPC RATING = E
COUNCIL TAX BAND = D
The vendor has advised the property is FREEHOLD

Agent Details

Amber Court lettings and sales, Selly Oak

0121 387 6617

Next Steps?

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

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ValuationFair Value

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents