2 Bed Terraced House, Refurb/BRRR, Birmingham, B17 9AH, £270,000

Earls Court Road, Harborne, Birmingham, B17 9AH - 1 views - 2 months ago

Refurb/BRRR
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£147K - £466K
Sold Prices/m²£2.6K/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£221,000

 

 

End Value (After Refurb)

£266,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Refurb Costs

£26,896

Bridging Loan Interest

£7,088

Total Cash In

£113,533

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£266,000

Mortgage (After Refinance)

£199,500

Mortgage LTV

75%

Cash Left In

£113,533

Equity

£66,500

Rent Range

£895 - £1,495

Rent Estimate

£1,104

Running Costs/mo

£1,072

Cashflow/mo

£32

Cashflow/yr

£383

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £147K to £466K, average is £280K. £2.6K/m² to £5.4K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£299.9K12/220 mi35, Earls Court Road, Birmingham, West Midlands B17 9AH2
£287K08/210.01 mi54, Earls Court Road, Birmingham, West Midlands B17 9AH2
£250K05/210.01 mi65, Earls Court Road, Birmingham, West Midlands B17 9AH2
£315K06/230.01 mi27, Earls Court Road, Birmingham, West Midlands B17 9AH2
£300K05/230.01 mi56, Earls Court Road, Birmingham, West Midlands B17 9AH2
£325K03/210.01 mi55, Earls Court Road, Birmingham, West Midlands B17 9AH2
£261K11/200.07 mi65, Hampton Court Road, Birmingham, West Midlands B17 9AG2
£261K11/200.07 mi65, Hampton Court Road, Birmingham, West Midlands B17 9AG2
£282K02/230.07 mi120, Hampton Court Road, Birmingham, West Midlands B17 9AG2
£240K12/200.09 mi76, Hampton Court Road, Birmingham, West Midlands B17 9AF2
£270K12/220.09 mi29, Hampton Court Road, Birmingham, West Midlands B17 9AF2
£355K06/210.11 mi17, Oak Close, Birmingham, West Midlands B17 9AW2
£305K11/210.12 mi5, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£325K06/210.12 mi31, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£326K03/230.12 mi43, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY2
£225K06/210.13 mi28, Hampton Court Road, Birmingham, West Midlands B17 9AE2
£346K01/230.17 mi93, Queens Park Road, Birmingham, West Midlands B32 2LB2
£375K08/230.19 mi109, Queens Park Road, Birmingham, West Midlands B32 2LB2
£325K06/210.32 mi17, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£260K09/210.32 mi2, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£225K12/200.35 mi28, Milford Road, Harborne, Birmingham, West Midlands B17 9RL2
£147K12/210.39 mi21, Math Meadow, Birmingham, West Midlands B32 2NU2
£280K02/210.41 mi180, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£295K08/230.42 mi156, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£305K02/230.42 mi164, War Lane, Harborne, Birmingham, West Midlands B17 9RU2
£257.5K12/200.43 mi74, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£285K03/230.43 mi63, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AA2
£273K02/210.44 mi82, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£270K04/210.44 mi124, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£262.5K12/230.45 mi152, Balden Road, Harborne, Birmingham, West Midlands B32 2EP2
£240K05/230.45 mi134, Balden Road, Harborne, Birmingham, West Midlands B32 2EP2
£315K06/230.45 mi34, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£289.3K06/210.45 mi26, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£287K04/210.45 mi20, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£301.4K03/210.45 mi67, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£285K05/230.46 mi11, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£230K05/210.46 mi55, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£260K05/230.46 mi55, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£246K03/210.46 mi67, Northfield Road, Harborne, Birmingham, West Midlands B17 0ST2
£238K10/200.46 mi65, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£244K05/210.47 mi9, Peel Walk, Birmingham, West Midlands B17 8SR2
£257.5K02/210.47 mi34, Northfield Road, Harborne, Birmingham, West Midlands B17 0SU2
£276K04/230.47 mi11, Gimble Walk, Birmingham, West Midlands B17 8SL2
£280K04/210.47 mi39, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£285K02/210.48 mi5, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£269.5K10/200.48 mi31, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£191K04/210.49 mi72, Fredas Grove, Harborne, Birmingham, West Midlands B17 0SY2
£315K07/230.51 mi70, Vicarage Road, Harborne, Birmingham, West Midlands B17 0SP2
£260K11/200.52 mi30, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH2
£466K06/230.54 mi43, High Brow, Harborne, Birmingham, West Midlands B17 9EW2

Local Rents

50 rents from £895/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.05 miCourt Oak Road, Harbrone, B172
£1,10012/240.09 miHampton Court Road, Harborne2
£1,15012/240.09 miHampton Court Road, Harborne, B172
£1,15012/240.11 miCourt Oak Road, Harborne, B172
£1,20004/250.12 mi-2
£1,10012/240.12 miWood Lane, Harborne2
£1,00012/240.12 miHampton Court Road, Harborne, Birmingham, B172
£1,00012/240.12 miHampton Court Road, Harborne, Birmingham, B172
£97501/240.13 mi-2
£99512/240.13 miHampton Court Road, Harborne, Birmingham, B17 9AE2
£99903/250.23 mi-2
£99501/250.27 mi-2
£97512/240.34 miMilford Road, BIRMINGHAM2
£1,05012/240.4 miWisley Way, Birmingham2
£90012/240.4 miMath Meadow, Birmingham2
£1,25001/250.4 mi-2
£1,10012/240.43 miHartledon Road, Harborne2
£1,10012/240.43 miHartledon Road, Harborne2
£95001/240.44 mi-2
£1,08512/240.44 mi-2
£1,08503/250.44 mi-2
£1,15012/240.45 miBalden Road, Harborne2
£1,15004/250.46 mi-2
£1,15012/240.47 miThe Square, Harborne, Birmingham2
£1,10012/240.47 miPeel Walk, BIRMINGHAM2
£1,15012/240.47 miNorthfield Road, Harborne, B172
£1,25012/240.47 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£1,10012/240.48 miNorthfield Road, Harborne, Birmingham2
£1,05012/240.48 mi-2
£95012/240.49 miFrankley Terrace, Lordswood Road2
£89512/240.49 miFredas Grove, Harborne, Birmingham, B172
£1,20012/240.51 miCarless Avenue, Harborne2
£1,19512/240.51 miThe Lords, Lordswood Road, Harborne2
£1,20012/240.52 miCarless Avenue, Harborne, Birmingham, B17 9EQ2
£89512/240.53 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2
£1,35012/240.55 miHarborne Village Apartments, High Street, Harborne, B172
£1,09512/240.55 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,49512/240.56 mi-2
£1,29503/250.56 mi-2
£1,27503/240.56 mi-2
£1,27512/240.56 miChurchcroft, Harborne, Birmingham, B172
£95002/240.56 mi-2
£95002/240.58 mi-2
£92512/240.58 miBlandford Road, Quinton, Birmingham, B32 2LP2
£1,15002/240.58 mi-2
£1,05012/240.59 miThe Circle, Harborne, B172
£1,05012/240.59 miThe Circle, Harborne, B172
£1,28012/240.59 miSt Peters Road, Harborne, BIRMINGHAM2
£1,40012/240.6 miMoor Pool Avenue, Harborne, Birmingham, B17 9DT2
£1,10012/240.61 miHagley Road West, Birmingham2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.77 miles away

Nearest school

0.20 miles away

Nearest train station

1.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £270,000

January 28, 2025

Floor Plans

Description

  • Two double bedrooms upstairs +
  • Two spacious reception rooms +
  • Flexible ground-floor layout +
  • Family bathroom +
  • Private rear garden space +
  • Potential for full renovation +
  • Ideal for investors or projects +
  • Desirable location +
  • Several local schools +
  • Excellent Transport Links +

This property presents an excellent opportunity for those seeking a project, offering immense potential with scope for full renovation. Situated in a popular and convenient location, the home provides a fantastic starting point for someone looking to create their ideal space.

The property features two well-sized reception rooms on the ground floor, each benefiting from natural light and offering flexible living arrangements. To the rear, there is a kitchen with access to the garden, providing a functional layout with potential to reimagine the space entirely.

Upstairs, there are two spacious double bedrooms, both featuring large windows that allow for plenty of natural light. The main bathroom is also located on the first floor and is in need of updating but provides a good footprint for redesign. Additional storage space is available, which could be utilised creatively as part of the renovation.

Externally, the property benefits from a private rear garden, which offers an opportunity to create an outdoor space tailored to personal preferences. The garden currently features a structure that could be repurposed or removed to maximise the available area.

This property is ideal for investors or buyers who are looking to take on a project to transform a house into a home. With its solid structure and generous proportions, the property is brimming with possibilities to modernise and add value.

Harborne is one of Birmingham's most desirable locations, renowned for its vibrant village atmosphere and excellent amenities. The area offers a diverse selection of independent shops, cafés, and restaurants, including popular venues along the bustling Harborne High Street. Residents enjoy easy access to local green spaces such as Harborne Walkway, perfect for leisurely strolls or outdoor activities.

The property benefits from being close to reputable schools, including Harborne Primary, Blue Coat, and King Edward VI schools, making it an attractive option for families. Harborne also boasts excellent transport links, with regular bus services and nearby train stations providing convenient access to Birmingham city centre and beyond. Additionally, the Queen Elizabeth Hospital and the University of Birmingham are just a short distance away, making this a sought-after location for professionals and students alike.

With its blend of community charm, convenience, and access to excellent facilities, Harborne continues to be a highly sought-after area for buyers at all stages of life.

Agent Details

Wentworth & Rose, Harborne

0121 387 6490

Next Steps?

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