3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B24 9RX, £230,000

206 Tyburn Road, Erdington, B24 9RX - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+19 photos

ValuationOvervalued

Sold Prices£15.8K - £310K
Sold Prices/m²£185/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£188,188

 

 

End Value (After Refurb)

£207,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£36,800

Bridging Loan Interest

£6,038

Total Cash In

£110,188

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£207,250

Mortgage (After Refinance)

£155,438

Mortgage LTV

75%

Cash Left In

£110,188

Equity

£51,813

Rent Range

£995 - £3,350

Rent Estimate

£1,316

Running Costs/mo

£931

Cashflow/mo

£385

Cashflow/yr

£4,622

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £15.8K to £310K, average is £185.5K. £185/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£160.5K08/210.11 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£185K05/230.16 mi37, Tonbridge Road, Birmingham, West Midlands B24 8ED3
£140K06/210.17 mi63, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR3
£86K05/230.18 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3
£15.8K12/230.21 mi33, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£180K07/210.21 mi27, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£215K02/230.21 mi468, Tyburn Road, Birmingham, West Midlands B24 8EE3
£215K10/230.21 mi474, Tyburn Road, Birmingham, West Midlands B24 8EE3
£212K05/230.21 mi460, Tyburn Road, Birmingham, West Midlands B24 8EE3
£139K07/210.21 mi14, Bisley Grove, Birmingham, West Midlands B24 9RD3
£155K11/210.24 mi29, Alleyne Road, Birmingham, West Midlands B24 8EJ3
£192.5K01/230.25 mi71, Round Road, Birmingham, West Midlands B24 9QY3
£172K10/200.28 mi26, Alleyne Road, Birmingham, West Midlands B24 8EL3
£190K02/230.28 mi168, Round Road, Birmingham, West Midlands B24 9SN3
£220K06/210.28 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£140K12/200.29 mi10, Spruce Grove, Birmingham, West Midlands B24 9TB3
£172.5K11/220.31 mi120, Croydon Road, Erdington, Birmingham, West Midlands B24 8JL3
£147K03/210.32 mi52, Firtree Road, Birmingham, West Midlands B24 9SH3
£225K11/210.32 mi13, Firtree Road, Birmingham, West Midlands B24 9SH3
£160K02/210.32 mi32, Firtree Road, Birmingham, West Midlands B24 9SH3
£172.5K09/210.34 mi75, Bracebridge Road, Birmingham, West Midlands B24 8JG3
£155K05/210.36 mi19, Bracebridge Road, Birmingham, West Midlands B24 8JQ3
£160K12/200.36 mi209, Wheelwright Road, Birmingham, West Midlands B24 8HR3
£310K11/210.36 mi409, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£202K09/230.36 mi407, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9SD3
£170K07/210.39 mi46, Birches Green Road, Birmingham, West Midlands B24 9SR3
£114K09/230.39 mi46, Birches Green Road, Birmingham, West Midlands B24 9SR3
£190K01/210.39 mi790, Tyburn Road, Birmingham, West Midlands B24 9NU3
£186K09/210.4 mi398, Tyburn Road, Birmingham, West Midlands B24 8HP3
£210K07/210.41 mi2, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£198K10/210.41 mi25, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£225K09/230.41 mi23, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£200K10/200.42 mi162, Wheelwright Road, Birmingham, West Midlands B24 8HB3
£238K06/210.42 mi450, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NQ3
£156.5K02/210.43 mi14, Shipley Fields, Birmingham, West Midlands B24 9BW3
£187K07/210.43 mi34, Ismere Road, Birmingham, West Midlands B24 9SX3
£220K04/230.43 mi36, Ismere Road, Erdington, Birmingham, West Midlands B24 9SX3
£210K08/230.45 mi161, Wood End Road, Erdington, Birmingham, West Midlands B24 8BL3
£150K01/210.45 mi197, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QX3
£296K01/230.46 mi194, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QY3
£260K02/230.47 mi150, Erdington Hall Road, Birmingham, West Midlands B24 8JD3
£160K12/200.47 mi37, Spring Lane, Birmingham, West Midlands B24 9BP3
£200K02/210.47 mi7a, Spring Lane, Birmingham, West Midlands B24 9BP3
£176K10/210.48 mi515, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NJ3
£202K05/230.48 mi537, Kingsbury Road, Erdington, Birmingham, West Midlands B24 9NJ3
£178.5K03/210.48 mi11, Bracken Road, Birmingham, West Midlands B24 9NL3
£285K05/210.49 mi35, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£281K11/210.49 mi33, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£171K10/200.5 mi28, Ullrik Green, Birmingham, West Midlands B24 8RH3
£182.5K04/210.53 mi599, Holly Lane, Erdington, Birmingham, West Midlands B24 9NR3

Local Rents

14 rents from £995/mo to £3.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99512/240.06 miTyburn Road, Birmingham3
£1,20012/240.06 mi-3
£1,27502/250.16 mi-3
£3,35002/240.22 mi-3
£1,20001/250.24 mi-3
£1,10003/240.39 mi-3
£1,15003/250.39 mi-3
£1,10012/240.39 miSummerlee Road, Birmingham, B243
£1,10012/240.4 miTyburn Road, Erdington3
£1,20012/240.55 miKingsbury Road, Erdington, BIRMINGHAM3
£1,25012/240.58 mi-3
£1,10012/240.58 miAnsell Road, Erdington3
£1,05002/240.62 mi-3
£1,15010/230.62 mi-3

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

3.83 miles away

Nearest school

0.30 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £230,000

January 24, 2025

Floor Plans

Description

  • Delightfully positioned, three bedroomed semi detached +
  • Well-proportioned bedrooms +
  • Well-appointed family shower room +
  • Appealing family lounge with bay window +
  • Considerable rear dining room through kitchen +
  • Drive and garden to fore +
  • Low-maintenance rear garden +
  • Single garage to off-road track +
  • Excellent position close to amenities +
  • Vast commuter links nearby +

Positioned in a highly convenient location, this delightful three-bedroomed, semi-detached, freehold property presents a fantastic opportunity for families or professionals seeking a spacious and comfortable home. Offering excellent internal décor, the property showcases a welcoming atmosphere with tasteful design and a versatile layout, while also providing the potential for further modernisation and personalisation to truly make it your own. The home is perfectly positioned for those requiring easy access to commuter links, with a range of bus services and major routes right on the doorstep, ensuring a seamless journey to nearby towns and Birmingham city centre. Daily essentials are never far away, with an array of local shops, supermarkets, schools, and leisure facilities just a short walk from the property. With its blend of character, modern touches, and scope for future enhancements, this property is a superb choice for anyone seeking a family-friendly home in a well-connected and amenity-rich area. Boasting the provision of gas central heating and PVC double glazing (both where specified), both parking to the front of the home and to the rear allows for complete access, with internal rooms currently briefly comprising: porch, deep entrance hall, family lounge with bay window to fore, spacious and considerable rear dining room through breakfast kitchen, a renewed stairway with glass balustrade leads to the first floor, two double bedrooms and a single bedroom are offered, a refitted shower room services all rooms. Externally, a paved drive suitable for one car leads to the home behind mature shrubs and bushes, to the rear, further paving advances from the home and to lawn, a single door opens into a single garage, offering off road access. To fully appreciate the accommodation on offer, we highly recommend internal inspection. EPC Rating TBC

Set back from the road behind a paved drive with mature shrubs and bushes to side, access is given into the accommodation via a PVC double glazed and leaded door into:

PORCH:
An obscure glazed door with windows to side opens into:

ENTRANCE HALL:
PVC double glazed obscure leaded window to side, radiator, doors open to lounge and to kitchen, stairs off to first floor.

FAMILY LOUNGE: 14’06 (into bay) x 11’07 max / 9’09 min:
PVC double glazed leaded bay window to fore, ornamental fireplace, space for complete lounge suite, radiator, door back to entrance hall.

FITTED BREAKFAST KITCHEN THROUGH DINING SPACE: 16’05 x 14’02 (into bay) / 11’07 min:
PVC double glazed leaded bay window to rear, obscure door and window to side, matching wall and base units with recesses for free-standing cooker, washing machine and integrated fridge / freezer, roll edged work surfaces with stainless steel sink drainer unit, radiator, tiled splashbacks, extractor canopy over, space for dining table and storage, door back to entrance hall.

STAIRS & LANDING:
PVC double glazed leaded obscure window to side, doors open to three bedrooms, shower room and WC, an upgraded glass balustrade is provided.

BEDROOM ONE: 14’02 (into bay) x 11’09 max / 9’04 min:
PVC double glazed leaded bay window to rear, fitted sliding wardrobes, radiator, space for double bed, door back to landing.

BEDROOM TWO: 14’06 (into bay) x 12’01 max / 9’04:
PVC double glazed leaded bay window to fore, radiator, space for double bed and complimenting suite, door back to landing.

BEDROOM THREE: 9’00 x 6’03:
PVC double glazed leaded bow window to fore, radiator, door back to landing.

SHOWER ROOM:
PVC double glazed obscure window to rear, suite comprising corner shower cubicle and vanity wash hand basin, tiled splashbacks and flooring, ladder style radiator, door back to landing.

WC:
PVC double glazed obscure leaded window to side, suite comprising low level WC, tiled splashbacks and flooring, door back to landing.

REAR GARDEN:
A paved patio advances from the accommodation and leads to lawn, mature shrubs and bushes line and privatise the property’s perimeter with access being given into a rear single garage.

GARAGE: 16’00 x 8’01 (please check suitability for your own vehicle use):
Up and over garage door to rear, a side door opens back to garden, access is provided to a rear off-road track.

Please note : Unfortunately, Rightmove automatically remove any hyperlinks added to their site, thus the details of where the information below is available is provided, and not the actual links. These can be copy and pasted in to a browser / search engine

To check the mobile phone coverage for various networks copy and paste this link into a browser : checker.ofcom.org.uk/en-gb/mobile-coverage

To check the broadband / internet speeds together with networks for the property copy and paste this link into a browser : checker.ofcom.org.uk/en-gb/broadband-coverage

Our vendors are asked to complete a Property Information Questionnaire for the benefit of buyers. This questionnaire provides further information and declares any material facts that may affect your decision to view or purchase the property. This document will be available on request by contacting our offices.

Buyer ID legal requirements checks / fees payable. Please click on the tab named “ Paid ID checks for buyers “ contained within the full description tab on Rightmove / see Acres web site tab - Services - Fess and charges, or copy and paste this link into a browser acres.co.uk/services-mh/fees-charges

Details of fixtures and fittings included within the sale are contact within the room measurements. The vendors reserve the right to remove any of these items by agreement during negotiation if needed / not wanted.

Tenure : Please see the property listing for details. Additionally, further information ( eg length of lease, if applicable ) can be obtained here if applicable / wanted, copy and paste this link into a browser : tinyurl.com/5dvd2hnb

Acres Estate Agents have not tested any apparatus, equipment, fixture or services and so cannot verify they are in working order, or fit for their purpose. The buyer is strongly advised to obtain verification from their Solicitor, Surveyor or other qualified party. Additionally, please note all measurements are approximate

Very occasionally the EPC may not be available due to reasons beyond our control, the Regulations state that the EPC must be ordered with 7 days of marketing, and presented within 21 days thereafter. For an update on the preparation of the EPC please contact the selling office or regularly monitor our website / portals. Should you require a copy of the full EPC please once more contact the selling office and we will happily forward this to you in PDF format, or by hard copy.

Property to sell ? Please contact your local office or email us as we would of course be delighted to assist.

Agent Details

Acres, Walmley

0121 387 6740

Next Steps?

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