3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B43 7QY, £245,000

245, Kelway Avenue, Great Barr, Birmingham, B43 7QY - 4 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+21 photos

ValuationFair Value

Sold Prices£168.5K - £340K
Sold Prices/m²£2.1K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£245,000

 

 

End Value (After Refurb)

£243,934

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Refurb Costs

£36,800

Bridging Loan Interest

£6,431

Total Cash In

£114,781

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£243,934

Mortgage (After Refinance)

£182,951

Mortgage LTV

75%

Cash Left In

£114,781

Equity

£60,984

Rent Range

£1,100 - £2,500

Rent Estimate

£1,367

Running Costs/mo

£1,056

Cashflow/mo

£311

Cashflow/yr

£3,736

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £168.5K to £340K, average is £250K. £2.1K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£321K06/230 mi18, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£207K04/230 mi14, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£300K08/220.02 mi19, Kelway Avenue, Great Barr, Birmingham, West Midlands B43 7QY3
£265K05/230.04 mi14, Ivanhoe Road, Birmingham, West Midlands B43 7QU3
£240K03/210.06 mi113, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£295K08/230.06 mi51, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£275K03/230.06 mi49, Park Farm Road, Birmingham, West Midlands B43 7QJ3
£220K02/230.06 mi16, Pinley Grove, Birmingham, West Midlands B43 7RB3
£245K09/230.07 mi35, Stonehurst Road, Birmingham, West Midlands B43 7RA3
£310K08/230.07 mi62, Park Farm Road, Birmingham, West Midlands B43 7QH3
£276K10/230.07 mi94, Park Farm Road, Birmingham, West Midlands B43 7QH3
£327.5K01/230.07 mi70, Park Farm Road, Birmingham, West Midlands B43 7QH3
£245K08/220.09 mi36, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£185K01/210.09 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£255K07/210.09 mi45, Moreton Avenue, Birmingham, West Midlands B43 7QR3
£235.5K08/210.1 mi24, Selvey Avenue, Birmingham, West Midlands B43 7RE3
£275K02/210.12 mi86, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BW3
£210K12/200.13 mi7, Foxwood Avenue, Birmingham, West Midlands B43 7QX3
£260K07/230.15 mi292, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£198.5K12/200.15 mi252, Queslett Road, Great Barr, Birmingham, West Midlands B43 7EX3
£180K02/210.15 mi11, Beacon Road, Great Barr, Birmingham, West Midlands B43 7BT3
£275K11/220.16 mi15, Comsey Road, Birmingham, West Midlands B43 7RG3
£290K12/220.17 mi82, Nether Hall Avenue, Birmingham, West Midlands B43 7ET3
£236K04/210.18 mi37, Park Farm Road, Birmingham, West Midlands B43 7QQ3
£250K06/230.19 mi82, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£200.3K04/210.19 mi134, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£270K03/230.19 mi114, Stonehurst Road, Birmingham, West Midlands B43 7RL3
£247.5K11/200.21 mi11, Park Farm Road, Birmingham, West Midlands B43 7QQ3
£200K09/210.21 mi21, Drummond Grove, Birmingham, West Midlands B43 7BU3
£240K07/230.21 mi26, Greenaway Close, Birmingham, West Midlands B43 7HT3
£265K10/210.21 mi21, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£248K03/210.21 mi70, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£340K04/230.21 mi32, Nether Hall Avenue, Birmingham, West Midlands B43 7EU3
£255K02/210.22 mi21, Garnet Avenue, Birmingham, West Midlands B43 7RJ3
£325K11/220.22 mi9, Garnet Avenue, Birmingham, West Midlands B43 7RJ3
£182K06/210.22 mi6, Hillingford Avenue, Birmingham, West Midlands B43 7HS3
£270K02/230.23 mi15, Garnet Avenue, Birmingham, West Midlands B43 7RJ3
£230K01/230.24 mi4, Cotman Close, Birmingham, West Midlands B43 7HR3
£220K05/230.24 mi196, Tyndale Crescent, Birmingham, West Midlands B43 7HU3
£320K08/230.25 mi149, Horseshoe Crescent, Birmingham, West Midlands B43 7DN3
£250K06/210.25 mi45, Horseshoe Crescent, Birmingham, West Midlands B43 7DN3
£250K02/230.25 mi125, Horseshoe Crescent, Birmingham, West Midlands B43 7DN3
£325K06/230.25 mi47, Horseshoe Crescent, Birmingham, West Midlands B43 7DN3
£259K04/210.26 mi51, Waverley Avenue, Birmingham, West Midlands B43 7PR3
£262.3K11/220.26 mi201, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£200K01/210.26 mi195, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£185K02/210.26 mi123, Tyndale Crescent, Birmingham, West Midlands B43 7HX3
£230K05/210.26 mi12, Waverley Avenue, Birmingham, West Midlands B43 7PW3
£230K05/210.26 mi12, Waverley Avenue, Birmingham, West Midlands B43 7PW3
£168.5K10/200.26 mi170, Tyndale Crescent, Birmingham, West Midlands B43 7HU3

Local Rents

19 rents from £1.1K/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,19512/240.12 miBeacon Road, Great Barr, Birmingham, B433
£1,19512/240.12 miBeacon Road, Great Barr, Birmingham, B433
£1,15012/240.17 miBeacon Road, Great Barr, Birmingham, West Midlands3
£1,15012/240.18 miNetherhall Avenue, Great Barr. B43 7ET3
£2,16702/240.18 mi-3
£1,29512/240.18 mi-3
£1,29512/240.18 mi-3
£2,50003/240.27 mi-3
£1,45001/250.37 mi-3
£1,55001/250.37 mi-3
£1,24509/230.37 mi-3
£1,45011/240.38 mi-3
£1,30002/250.39 mi-3
£1,10012/240.4 miQueslett Road, Birmingham3
£1,10012/240.4 miQueslett Road, Birmingham3
£1,10012/240.42 miBrackenfield Road, Great Barr, Birmingham, West Midlands, B443
£1,20012/240.5 miTyndale Crescent, BIRMINGHAM3
£1,20004/250.61 mi-3
£1,10012/240.61 miRomney Way, BIRMINGHAM3

Local Area Statistics

Population in B43

28,796

Population in Birmingham

1,034,821

Town centre distance

6.35 miles away

Nearest school

0.50 miles away

Nearest train station

1.78 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £245,000

January 16, 2025

Floor Plans

Description

  • SEMI-DETACHED +
  • CHAIN FREE +
  • QUIET CUL-DE-SAC LOCATION +
  • SUITABLE DRIVEWAY FOR MULTIPLE VEHICLES +
  • WELL PRESENTED +
  • GARAGE +
  • LOW MAINTANCE GARDEN +

Nestled in the desirable residential area of Great Barr situated within close distance to local shops, amenities, and well regarded schools for all ages.
This well-maintained three-bedroom semi-detached property on Kelway Avenue in the park farm estate offers an excellent opportunity for buyers seeking a spacious and versatile family home. While the property would benefit from modernisation, it boasts a strong foundation, a functional layout, and has been lovingly cared for over the years. The property is set back from the road offering added privacy, featuring a large driveway with ample off-road parking and access to an integral garage. Having front garden space with well-tended shrubs, adding charm and curb appeal. A gated side entrance provides convenient access to the rear garden.
Once entered you are welcomed with a spacious entrance leading through to the generously sized through-lounge offering a comfortable and welcoming space, with natural light streaming through the large front window and rear sliding patio doors. The room features a stone surround fireplace with a gas fire, adding a cozy focal point, as well as ample space for a dining area, making it perfect for family gatherings and entertaining.
The kitchen offers plenty of potential and currently features traditional wooden cabinetry, tiled walls, and ample countertop space. It includes room for appliances and enjoys views over the rear garden. With some updating, this space could easily become the heart of the home. Once led upstairs, the property provides three well-proportioned bedrooms. The main bedroom benefits from a large front-facing window, creating a bright and airy atmosphere. The second double bedroom overlooks the rear garden, while the third bedroom is of reasonable size with a front facing view of the avenue.
The family bathroom is fitted with a functional suite and tiled walls being well sized for additionally bath space if necessary and with some modernisation, this space could be transformed into a stylish and contemporary haven.
Externally the rear garden offers a low-maintenance design benefiting from a secluded outlook featuring a mix of lawn and patio area making it ideal for outdoor furniture, gardening, or simply relaxing.
This property presents a fantastic opportunity to put your own stamp on a well-loved home in a sought-after location. Early viewing is highly recommended to appreciate the potential and space on offer.

Agent Details

Paul Carr, Great Barr

0121 387 6492

Next Steps?

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