3 Bed Terraced House, Planning Permission, Birmingham, B31 4NP, £130,000

31110 Cofton Grove, Birmingham, B31 4NP - 4 views - 3 months ago

Sold STC
Auction
Cash
Planning
ROI: 2%
~93 m²
+21 photos

ValuationFair Value

Sold Prices£138K - £262K
Sold Prices/m²£1.7K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£268,482

Uplift in Value

+107%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£36,800

Bridging Loan Interest

£3,413

Total Cash In

£79,563

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£268,482

Agent Fees (1%)

£2,685

Bridging Loan

£97,500

Bridging Loan Interest

£3,413

Flip Profit

£88,735

Local Sold Prices

50 sold prices from £138K to £262K, average is £208.8K. £1.7K/m² to £3.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£138K10/210.05 mi289, Groveley Lane, Birmingham, West Midlands B31 4PS3
£215K05/240.06 mi251, Groveley Lane, Birmingham, West Midlands B31 4PS3
£230K08/230.06 mi247, Groveley Lane, Birmingham, West Midlands B31 4PS3
£200K03/230.09 mi195, Edenhurst Road, Birmingham, West Midlands B31 4PP3
£191K08/230.1 mi1, Fountain Close, Birmingham, West Midlands B31 4NF3
£170K10/210.1 mi33, Fountain Close, Birmingham, West Midlands B31 4NF3
£199K05/230.13 mi196, Edenhurst Road, Birmingham, West Midlands B31 4PN3
£240K07/230.15 mi264, Groveley Lane, Birmingham, West Midlands B31 4PZ3
£180K09/210.16 mi243, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4PA3
£215K09/210.16 mi235, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4PA3
£235K03/230.16 mi235, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4PA3
£227.5K08/230.16 mi231, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4PA3
£162K11/200.16 mi237, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4PA3
£245.5K12/220.16 mi211, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4PA3
£215K08/210.17 mi133, Coombes Lane, Birmingham, West Midlands B31 4QU3
£185K09/210.18 mi104, Coombes Lane, Birmingham, West Midlands B31 4QT3
£262K07/230.18 mi142, Coombes Lane, Birmingham, West Midlands B31 4QT3
£180K12/220.18 mi130, Coombes Lane, Birmingham, West Midlands B31 4QT3
£200K01/230.22 mi115, Edenhurst Road, Birmingham, West Midlands B31 4PJ3
£172K12/200.22 mi27, Crowhurst Road, Birmingham, West Midlands B31 4PB3
£215K01/210.23 mi185, Groveley Lane, Birmingham, West Midlands B31 4QB3
£200K02/240.24 mi176, Kingswood Road, Northfield, Birmingham, West Midlands B31 4SB3
£210K08/230.26 mi16, Ditton Grove, Birmingham, West Midlands B31 4RY3
£176K09/210.26 mi70, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4NA3
£200K04/230.26 mi106, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4NA3
£170K07/210.26 mi88, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4NA3
£169K01/210.26 mi105, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4LU3
£152K07/210.27 mi126, Edenhurst Road, Birmingham, West Midlands B31 4PL3
£235K12/200.29 mi58, Coombes Lane, Birmingham, West Midlands B31 4QS3
£185K11/210.3 mi41, Dearmont Road, Birmingham, West Midlands B31 4LZ3
£235K11/200.32 mi16, Somerset Drive, Birmingham, West Midlands B31 4RA3
£195K09/210.32 mi14, Dearmont Road, Birmingham, West Midlands B31 4LY3
£227K08/240.32 mi14, Dearmont Road, Birmingham, West Midlands B31 4LY3
£206.5K07/230.34 mi104, Kingswood Road, Northfield, Birmingham, West Midlands B31 4RT3
£260K02/240.35 mi159, Groveley Lane, Birmingham, West Midlands B31 4QA3
£252K06/210.35 mi113, Groveley Lane, Birmingham, West Midlands B31 4QA3
£252K05/230.37 mi203, Nuthurst Road, West Heath, Birmingham, West Midlands B31 4TG3
£230K11/210.38 mi130, Groveley Lane, Birmingham, West Midlands B31 4QE3
£182K11/210.38 mi142, Groveley Lane, Birmingham, West Midlands B31 4QE3
£215K10/230.38 mi172, Groveley Lane, Birmingham, West Midlands B31 4QE3
£210K03/230.38 mi142, Groveley Lane, Birmingham, West Midlands B31 4QE3
£190K07/230.38 mi126, Groveley Lane, Birmingham, West Midlands B31 4QE3
£180K02/210.38 mi32, Grayswood Road, Birmingham, West Midlands B31 4QR3
£235K02/240.38 mi64, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4LS3
£207.5K12/220.38 mi8, Haldon Grove, Birmingham, West Midlands B31 4LN3
£216K08/230.39 mi51, Thurlestone Road, Longbridge, Birmingham, West Midlands B31 4LP3
£248K07/240.39 mi37, Edenhurst Road, Birmingham, West Midlands B31 4PH3
£227.5K07/210.39 mi23, Edenhurst Road, Birmingham, West Midlands B31 4PH3
£185K05/230.39 mi24, Edenhurst Road, Birmingham, West Midlands B31 4PQ3
£223K03/230.39 mi40, Edenhurst Road, Birmingham, West Midlands B31 4PQ3

Local Rents

19 rents from £1.1K/mo to £1.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.09 miEdenhurst Road, Longbridge, Birmingham3
£1,30001/250.1 mi-3
£1,30012/240.26 miDitton Grove, Birmingham3
£1,25012/240.29 miCoombes Lane, Northfield, B313
£1,08012/240.3 miDearmont Road, Longbridge, Birmingham, B313
£1,50009/230.32 mi-3
£1,50010/230.32 mi-3
£1,35003/250.36 mi-3
£1,10012/240.37 miEdenhurst Road, Birmingham, West Midlands, B313
£1,20012/240.39 miEdenhurst Road, Birmingham, B313
£1,10012/240.39 miEdenhurst Road, Longbridge, Birmingham, West Midlands, B313
£1,40012/240.44 miJubilee Close, Longbridge, B313
£1,10001/240.45 mi-3
£1,35012/240.49 miChadwick Close, Rednal, Birmingham, West Midlands, B45 8NN3
£1,10012/230.51 mi-3
£1,10012/230.51 mi-3
£1,20012/240.56 miEast Works Drive, Cofton Hackett, Birmingham, Worcestershire, B453
£1,10004/250.57 mi-3
£1,10004/250.57 mi-3

Local Area Statistics

Population in B31

53,767

Population in Birmingham

1,034,821

Town centre distance

6.78 miles away

Nearest school

0.60 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £130,000

January 22, 2025

Floor Plans

Description

  • Sold by Modern Method Of Auction +
  • CASH BUYERS ONLY +
  • Three Bedrooms +
  • Garage and Driveway +
  • Beautifully Presented Throughout +
  • Modern Kitchen +
  • Lounge Diner +
  • Call Oakmans Today +

* CASH BUYERS ONLY DUE TO CONSTRUCTION TYPE!! SOLD VIA MODERN METHOD OF AUCTION * THREE BEDROOMS - GARAGE - DRIVEWAY ***

A beautifully presented three bedroom property situated within Longbridge offering no chain. The property is being offered with NO CHAIN and is being sold via MODERN METHOD OF AUCTION TO CASH BUYERS ONLY! The property is located conveniently for access to Longbridge town centre, train station, local schools and excellent public transport links providing access to Birmingham city centre and surrounding areas. To the front of the property the property boasts a garage and driveway with access into the entrance hallway. The modern kitchen diner offers a range of build in cupboards with integrated oven, hob and extractor hood along with space for further appliances. There is a lounge diner to the rear with access to the beautifully presented rear garden. To the first floor are three well proportioned bedrooms and family bathroom. Viewing of this lovely family home is highly recommended to appreciate what it has to offer!

Call Oakmans today to arrange your viewing!

Property type: Mid Terraced House
Tenure: Freehold
Council Tax Band: A
EPC Rating: D
Construction Type: Non-Standard – Bison by Maxim
Parking Arrangements: Drive/Garage
Broadband: Virgin
Mobile Signal Coverage: No known issues
Water Supply: Mains
Sewerage: Mains
Electric: Mains
Heating Supply: Gas
Building Safety Issues: No
Special Conditions: Cash Buyers Only - Non Standard Construction
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

Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Agent Details

Oakmans Estate Agents, Northfield

0121 728 2215

Next Steps?

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