2 Bed Terraced House, Refurb/BRRR, Birmingham, B17 0AQ, £415,000

Victoria Road, Harborne, Birmingham, West Midlands, B17 0AQ - 2 views - 3 months ago

Sold STC
Refurb/BRRR
~68 m²
+23 photos

ValuationOvervalued

Sold Prices£172K - £405K
Sold Prices/m²£2.6K/m² - £4.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.1K/m²

Value Estimate

£218,875

 

 

End Value (After Refurb)

£370,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£103,750

Stamp Duty & Legal Fees

£21,900

Refurb Costs

£26,896

Bridging Loan Interest

£10,894

Total Cash In

£165,189

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£370,000

Mortgage (After Refinance)

£277,500

Mortgage LTV

75%

Cash Left In

£165,189

Equity

£92,500

Rent Range

£758 - £1,800

Rent Estimate

£1,102

Running Costs/mo

£1,397

Cashflow/mo

£-295

Cashflow/yr

£-3,536

Gross Yield

3%

Local Sold Prices

50 sold prices from £172K to £405K, average is £276.5K. £2.6K/m² to £4.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£280K04/210 mi39, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£238K10/200.01 mi65, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£301.4K03/210.03 mi67, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£315K07/230.05 mi70, Vicarage Road, Harborne, Birmingham, West Midlands B17 0SP2
£315K06/230.05 mi34, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£289.3K06/210.05 mi26, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£287K04/210.05 mi20, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£295K08/230.06 mi156, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£305K02/230.06 mi164, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£280K02/210.06 mi180, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£285K03/230.08 mi63, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AA2
£285K02/210.1 mi5, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£269.5K10/200.1 mi31, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£260K11/200.11 mi30, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH2
£273K02/210.13 mi82, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£270K04/210.13 mi124, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£285K05/230.14 mi11, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£230K05/210.14 mi55, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£260K05/230.14 mi55, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£246K03/210.14 mi67, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£298.5K03/210.15 mi28, St Peters Road, Harborne, Birmingham, West Midlands B17 0AY2
£225K12/200.16 mi28, Milford Road, Harborne, Birmingham, West Midlands B17 9RL2
£257.5K02/210.17 mi34, Northfield Road, Harborne, Birmingham, West Midlands B17 0SU2
£257.5K12/200.2 mi74, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£191K04/210.21 mi72, Fredas Grove, Harborne, Birmingham, West Midlands B17 0SY2
£225K04/210.29 mi24, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£240K08/210.29 mi81, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£172K11/200.29 mi25, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£229K03/210.29 mi40, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£270K12/220.29 mi38, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£325K06/210.41 mi17, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£260K09/210.41 mi2, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£299.9K12/220.47 mi35, Earls Court Road, Birmingham, West Midlands B17 9AH2
£315K06/230.48 mi27, Earls Court Road, Birmingham, West Midlands B17 9AH2
£300K05/230.48 mi56, Earls Court Road, Birmingham, West Midlands B17 9AH2
£325K03/210.48 mi55, Earls Court Road, Birmingham, West Midlands B17 9AH2
£287K08/210.48 mi54, Earls Court Road, Birmingham, West Midlands B17 9AH2
£250K05/210.48 mi65, Earls Court Road, Birmingham, West Midlands B17 9AH2
£305K11/210.48 mi5, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£325K06/210.48 mi31, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£326K03/230.48 mi43, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£230K09/210.48 mi21, Ferncliffe Road, Birmingham, West Midlands B17 0QD2
£195K11/210.48 mi11, Ferncliffe Road, Birmingham, West Midlands B17 0QD2
£375K08/230.49 mi109, Queens Park Road, Birmingham, West Midlands B32 2LB2
£188K09/210.5 mi6, Mellors Close, Birmingham, West Midlands B17 0QF2
£247K01/210.53 mi32, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EE2
£405K03/210.53 mi73a, Station Road, Harborne, Birmingham, West Midlands B17 9LR2
£261K11/200.54 mi65, Hampton Court Road, Birmingham, West Midlands B17 9AG2
£261K11/200.54 mi65, Hampton Court Road, Birmingham, West Midlands B17 9AG2
£282K02/230.54 mi120, Hampton Court Road, Birmingham, West Midlands B17 9AG2

Local Rents

50 rents from £758/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.08 miHartledon Road, Harborne2
£1,10012/240.08 miHartledon Road, Harborne2
£1,27503/240.09 mi-2
£1,27512/240.09 miChurchcroft, Harborne, Birmingham, B172
£1,25001/250.12 mi-2
£1,28012/240.15 miSt Peters Road, Harborne, BIRMINGHAM2
£1,10012/240.16 miNorthfield Road, Harborne, Birmingham2
£89512/240.16 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2
£97512/240.17 miMilford Road, BIRMINGHAM2
£1,15012/240.17 miNorthfield Road, Harborne, B172
£1,15004/250.19 mi-2
£89512/240.21 miFredas Grove, Harborne, Birmingham, B172
£1,05012/240.25 mi-2
£95012/240.27 miKelfield Avenue, Birmingham, B172
£95012/240.28 miKelfield Avenue, Birmingham2
£95012/240.28 miFrankley Terrace, Lordswood Road2
£99903/250.29 mi-2
£1,25012/240.3 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£1,19512/240.31 miThe Lords, Lordswood Road, Harborne2
£1,35012/240.31 miHarborne Village Apartments, High Street, Harborne, B172
£99501/250.31 mi-2
£1,09512/240.32 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,44312/240.36 miStudent 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH2
£75812/240.36 miDeluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham2
£1,10002/240.42 mi-2
£1,10004/250.42 mi-2
£1,10012/240.42 miYewdale, Birmingham, B172
£1,00012/240.43 miCourt Oak Road, Harbrone, B172
£1,10012/240.48 miWood Lane, Harborne2
£1,19512/240.49 miHarborne Central, High Street, Harborne2
£1,08504/250.51 mi-2
£95001/240.51 mi-2
£1,08512/240.51 mi-2
£1,05012/240.52 miWisley Way, Birmingham2
£1,10012/240.53 miGreenfield Road, Harborne2
£1,15012/240.53 miGreenfield Road, Harborne2
£1,40004/250.54 mi-2
£1,15012/240.54 miCourt Oak Road, Harborne, B172
£1,15012/240.54 miThe Square, Harborne, Birmingham2
£1,80004/250.55 mi-2
£1,20004/250.55 mi-2
£1,25012/240.55 mi-2
£1,10012/240.56 miHampton Court Road, Harborne2
£1,15012/240.56 miHampton Court Road, Harborne, B172
£1,10012/240.56 miRavenhurst Road, Harborne, B172
£1,00012/240.57 miHampton Court Road, Harborne, Birmingham, B172
£1,00012/240.57 miHampton Court Road, Harborne, Birmingham, B172
£97501/240.57 mi-2
£90012/240.58 miMath Meadow, Birmingham2
£99512/240.58 miHampton Court Road, Harborne, Birmingham, B17 9AE2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.54 miles away

Nearest school

0.20 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £415,000

January 23, 2025

Floor Plans

Description

  • Excellent Location +
  • EPC C +
  • Great Catchment +
  • Council Tax C +
  • Well presented Property +

MECS are proud to offer a two bedroom  extended traditional family home in Harborne, the house is located on Victoria Road, only a short 5-10 minute walk from Harborne Village. The property is also in the catchment area for many of the good primary schools situated around Harborne Village. Its in close proximity to the Queen Elizabeth Hospital and Birmingham University Campus. In addition the transport links into the Centre of Birmingham are under 2 minutes walk from the house.

The property is spread over two floors, the ground floor consists of open porch, open plan lounge/diner, fitted kitchen & utility and a conservatory with doors leading into garden. The 1st floor has a re-fitted bathroom and two double rooms. Loft ladder with easy access into roof storage space. The house is in need of some slight modernisation, whereby one could extend the kitchen into the utility to make a kitchen diner and there iseven possibility of extending into the loft space to make the third bedroom. The property consists of following; Approach - Pathway and front drive leading to: Open Porch - Front door with inset glazed panel leading to;

Through Sitting Room - 25'8" x 12'8" (max) (7.83m x 3.87m ( max)) - With refurbished bay window overlooking the front of the property with wood laminate flooring, central heating radiators, 'glazed door opening to side conservatory, Rear Lobby - storage area beneath stairwell, stairs leading to first floor landing and door leading to -

Fitted Kitchen - 10'6" x 7'7" (3.19m x 2.31m) - Modern upgrade needed there with a range of wall and floor mounted fitted kitchen cabinets with matching work surface, central heating radiator, window overlooking the side elevation, archway leading into

Utility - 7'6" x 6'0" (2.29m x 1.84m) - Plumbing and electricity for dishwasher, washing machine and tumble drier, with scope of being converted into the kitchen diner.

Conservatory - 16'0" x 4'9" (4.88m x 1.46m) - Brick built walls with UPVC double glazed ceiling. Door leading into garden. On The First Floor - Stairwell leading to landing with picture window overlooking the side elevation and panelled doors to -

Bedroom One - 13'5" x 11'3" (4.09m x 3.43m) - Refurbished sash windows overlooking the front of the property with central heating radiators beneath, excellent built in storage cupboards to either side of chimney recess, original refurbished wooden flooring.

Bedroom Two - 11'7" x 11'3" (3.53m x 3.43m) - With new composite double glazed sash window overlooking the rear elevation, central heating radiator. Bathroom - Recently fitted white bathroom suite consisting of pedestal wash hand basin, w/c, fitted bath with electric shower over, central heating radiator, new composite double glazed sash window overlooking the rear elevation.

Converted Loft - accessed via foldable aluminium ladder, scope to convert to possible third bedroom.

Rear Garden - Timber frame shed for ample storage, South West Facing Please call the office on to get booked in for a viewing.

Agent Details

MECS, Harborne

0121 387 6517

Next Steps?

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