3 Bed Semi-Detached House, Planning Permission, Birmingham, B32 3BB, £280,000

Mill Lane, Quinton, Birmingham, B32 3BB - 1 views - 3 months ago

Sold STC
Planning
ROI: 2%
~93 m²
+24 photos

ValuationOvervalued

Sold Prices£144K - £372K
Sold Prices/m²£1.7K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£217,000

 

 

End Value (After Refurb)

£265,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£36,800

Bridging Loan Interest

£7,350

Total Cash In

£127,000

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£265,000

Mortgage (After Refinance)

£198,750

Mortgage LTV

75%

Cash Left In

£127,000

Equity

£66,250

Rent Range

£900 - £2,465

Rent Estimate

£1,270

Running Costs/mo

£1,102

Cashflow/mo

£168

Cashflow/yr

£2,015

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £144K to £372K, average is £193K. £1.7K/m² to £4.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£248.5K05/230.02 mi104, Mill Lane, Quinton, Birmingham, West Midlands B32 3BE3
£175K03/210.1 mi3, Barn Croft, Birmingham, West Midlands B32 3BD3
£372K08/240.14 mi30, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£283K07/230.14 mi38, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£182K05/230.16 mi17, Rush Green, Birmingham, West Midlands B32 3BJ3
£192K03/210.2 mi294, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£237.3K08/230.2 mi308, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£260K11/220.2 mi354, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£167.5K05/210.21 mi229, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£194K10/210.21 mi179, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£207K07/230.21 mi233, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£175K06/210.22 mi244, Barnes Hill, Birmingham, West Midlands B29 5TY3
£155K11/220.23 mi10, Napton Grove, Birmingham, West Midlands B29 5RS3
£144K12/200.24 mi329, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£280K03/240.24 mi365, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£325K12/200.26 mi71, Senneleys Park Road, Birmingham, West Midlands B31 1AE3
£177K04/230.28 mi52, Simmons Leasow, Birmingham, West Midlands B32 3RP3
£220K11/220.28 mi12, Ludstone Road, Birmingham, West Midlands B29 5UA3
£232K02/230.28 mi272, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£194.5K09/210.29 mi296, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£237K08/220.29 mi288, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£215K02/230.3 mi3, Simmons Leasow, Birmingham, West Midlands B32 3RR3
£340K03/230.32 mi8, Kingsdown Road, Birmingham, West Midlands B31 1AH3
£316K05/210.33 mi281, Barnes Hill, Birmingham, West Midlands B29 5TX3
£156K03/210.33 mi25, Gravel Bank, Birmingham, West Midlands B32 3SG3
£248.5K07/210.35 mi119, Senneleys Park Road, Birmingham, West Midlands B31 1AF3
£330K06/230.35 mi81, Senneleys Park Road, Birmingham, West Midlands B31 1AF3
£152K04/210.35 mi69, Alwold Road, Birmingham, West Midlands B29 5RP3
£152K04/210.35 mi69, Alwold Road, Birmingham, West Midlands B29 5RP3
£184K12/210.35 mi8, Hatherton Grove, Birmingham, West Midlands B29 5QP3
£246K11/220.36 mi204, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£175K12/200.36 mi226, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£370K06/230.37 mi114, Senneleys Park Road, Birmingham, West Midlands B31 1AN3
£370K07/230.37 mi80, Senneleys Park Road, Birmingham, West Midlands B31 1AN3
£230K12/200.37 mi122, Senneleys Park Road, Birmingham, West Midlands B31 1AN3
£150K10/210.39 mi44, Little Hill Way, Birmingham, West Midlands B32 3RZ3
£178K07/230.39 mi19, Bilbrook Grove, Birmingham, West Midlands B29 5RN3
£160K04/210.4 mi50, Clapgate Lane, Birmingham, West Midlands B32 3DP3
£156K11/200.41 mi34, Glen Side, Birmingham, West Midlands B32 3RU3
£290K01/230.41 mi19, Cromwell Lane, Northfield, Birmingham, West Midlands B31 1AB3
£181K03/230.43 mi15, Kingsbridge Road, Birmingham, West Midlands B32 3EU3
£250K05/230.45 mi174, Jiggins Lane, Birmingham, West Midlands B32 3EN3
£160K12/200.46 mi46, Cromwell Lane, Northfield, Birmingham, West Midlands B31 1AD3
£160K11/230.47 mi19, Wood Leasow, Birmingham, West Midlands B32 3SE3
£166K06/230.47 mi6, Monmouth Road, Birmingham, West Midlands B32 3LX3
£160K06/230.47 mi16, Tantallon Drive, Birmingham, West Midlands B32 3LT3
£162K11/210.48 mi36, Ackleton Grove, Birmingham, West Midlands B29 5LN3
£144.5K12/200.48 mi6, Ackleton Grove, Birmingham, West Midlands B29 5LN3
£160K12/200.49 mi9, Green Drive, Birmingham, West Midlands B32 3HU3
£355K11/220.5 mi6, Lytton Lane, Birmingham, West Midlands B32 3XQ3

Local Rents

46 rents from £900/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,29512/240.14 miDavena Drive, Quinton, Birmingham3
£1,29512/240.14 miDavena Drive, Quinton, Birmingham3
£1,29512/240.14 miDavena Drive, Quinton, Birmingham3
£1,25012/240.14 miDavena Drive, Quinton, Birmingham3
£1,20002/250.18 mi-3
£1,15001/250.23 mi-3
£1,25002/240.25 mi-3
£1,26001/250.25 mi-3
£1,20012/240.35 mi-3
£1,20012/240.35 mi-3
£1,10012/240.39 miAlwold Road, Weoley Castle, Birmingham3
£1,25002/240.43 mi-3
£1,22512/240.43 miAlwold Road, Birmingham, B293
£1,20012/240.43 miAlwold Road, Birmingham, B293
£1,20012/240.45 miCromwell Lane, BIRMINGHAM3
£1,49512/240.46 mi-3
£1,10512/240.47 miIlmington Road, Birmingham3
£1,10512/240.47 mi14 Ilmington Road, Selly Oak, Birmingham3
£1,10012/240.47 mi-3
£1,04512/240.48 miAckleton Grove, Birmingham, B29 3
£1,25002/240.49 mi-3
£1,25002/240.49 mi-3
£1,35001/240.5 mi-3
£1,25002/240.51 mi-3
£1,25002/240.51 mi-3
£1,35012/240.52 mi-3
£2,46502/240.53 mi-3
£2,46504/250.53 mi-3
£1,15012/240.53 miBigwood Drive, Birmingham, West Midlands, B323
£1,15012/240.53 miBigwood Drive, Birmingham, West Midlands, B323
£1,10012/240.53 miForsythia Close, Northfield3
£1,10012/240.53 miForsythia Close, BIRMINGHAM3
£1,24501/250.53 mi-3
£1,25002/250.53 mi-3
£1,25004/250.53 mi-3
£1,65003/250.53 mi-3
£1,25012/240.54 miShenley Lane, Birmingham, B293
£1,10004/250.56 mi-3
£1,20012/240.57 miSomerford Road, Birmingham, B293
£1,00012/240.57 miAmbleside, Bartley Green, B323
£90012/240.58 miMoors Lane, Northfield, B313
£1,10012/240.59 miPaganel Road, Birmingham, B293
£1,20003/250.6 mi-3
£1,40002/250.6 mi-3
£1,20003/250.61 mi-3
£1,20012/240.62 miStableford Close, Weoley Castle, Birmingham, West Midlands, B323

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

4.64 miles away

Nearest school

0.40 miles away

Nearest train station

2.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £280,000

January 20, 2025

Floor Plans

Description

  • EXTENDED TO REAR AND SIDE +
  • AMPLE PARKING TO FRONT +
  • DESIRABLE LOCATION +
  • SCOPE FOR EXTENDED TO SIDE (SUBJECT TO PLANNING) +
  • CALL OAKMANS TODAY! +

EXTENDED TO REAR AND SIDE DESIRABLE LOCATION MODERN THROUGHOUT

Oakmans are delighted to offer a beautifully presented, three bedroom property situated on the highly popular, residential Mill lane. This property boasts move in ready accommodation and further benefits from having an extension to side and rear, ample parking to front and scope to extend further to the side (subject to planning).

Mill lane would make the perfect family home and briefly comprises entrance area, hallway, extended through lounge diner, extended breakfast kitchen, utility room and downstairs WC on the ground floor. On the first floor there is three generously sized bedrooms and modern family bathroom.

Property type: Semi-Detached House
Tenure: Freehold
Council Tax Band: B
EPC Rating: E
Construction Type: Standard construction
Parking Arrangements: Drive to front
Broadband: Fibre (FTTP)
Mobile Signal Coverage: No known issues
Water Supply: Mains
Sewerage: Mains
Electric: Mains
Heating Supply: Gas
Building Safety Issues: No
Special Conditions: None
Flood Risk or Previous Flooding: No
Mine Shafts/Coal Fields/Erosion: No
Restrictions: No
Rights and Easements: No
Planning Permissions: No
Local Developments: No
Accessibility Adaptations: No

Call Oakmans today!

Agent Details

Oakmans Estate Agents, Harborne

0121 387 6780

Next Steps?

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