3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B17 9HS, £725,000

Ravenhurst Road, Birmingham, B17 9HS - 5 views - 2 months ago

Refurb/BRRR
Planning
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£229.5K - £700K
Sold Prices/m²£2.7K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£7.8K/m²

Value Estimate

£430,354

 

 

End Value (After Refurb)

£632,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£181,250

Stamp Duty & Legal Fees

£46,700

Refurb Costs

£36,724

Bridging Loan Interest

£19,031

Total Cash In

£285,455

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£632,500

Mortgage (After Refinance)

£474,375

Mortgage LTV

75%

Cash Left In

£285,455

Equity

£158,125

Rent Range

£975 - £2,300

Rent Estimate

£1,508

Running Costs/mo

£2,298

Cashflow/mo

£-790

Cashflow/yr

£-9,482

Gross Yield

2%

Local Sold Prices

50 sold prices from £229.5K to £700K, average is £490K. £2.7K/m² to £6K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£389K09/210.06 mi140, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HS3
£435K01/210.07 mi23, North Gate, Birmingham, West Midlands B17 9EP3
£535K01/230.07 mi30, North Gate, Birmingham, West Midlands B17 9EP3
£430K02/210.07 mi21, North Gate, Birmingham, West Midlands B17 9EP3
£551K06/210.09 mi61, Pereira Road, Birmingham, West Midlands B17 9JB3
£450K10/200.09 mi45, Pereira Road, Birmingham, West Midlands B17 9JB3
£505K03/210.1 mi19, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£490K03/210.1 mi7, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£445K11/200.1 mi1, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£372K07/230.1 mi15, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£500K10/200.13 mi44, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£478K02/210.13 mi30, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£470K01/210.14 mi23, High Brow, Harborne, Birmingham, West Midlands B17 9EW3
£360K03/210.14 mi31, High Brow, Harborne, Birmingham, West Midlands B17 9EW3
£550K02/230.15 mi38, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£520K07/230.15 mi22, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£396K11/220.15 mi10, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£560K11/200.15 mi34, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£478K01/210.15 mi38, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£425K12/220.15 mi61, Moor Pool Avenue, Birmingham, West Midlands B17 9DS3
£405K04/210.15 mi67, Moor Pool Avenue, Birmingham, West Midlands B17 9DS3
£499.9K02/210.17 mi21, Moor Pool Avenue, Birmingham, West Midlands B17 9HL3
£495K05/210.17 mi39, Moor Pool Avenue, Birmingham, West Midlands B17 9HL3
£572.5K06/210.17 mi26, Margaret Grove, Birmingham, West Midlands B17 9JH3
£510K11/200.17 mi32, Margaret Grove, Birmingham, West Midlands B17 9JH3
£460K06/210.24 mi75, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HH3
£539K12/220.24 mi17, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BN3
£462K08/210.25 mi139, Gillhurst Road, Birmingham, West Midlands B17 8PG3
£490K06/210.25 mi44, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£485K03/210.27 mi80, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SY3
£560K02/210.27 mi41, Park Hill Road, Harborne, Birmingham, West Midlands B17 9SJ3
£575K05/210.3 mi145, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£383K03/210.3 mi151, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£437.5K01/210.3 mi159, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£560K06/230.31 mi140, Knightlow Road, Harborne, Birmingham, West Midlands B17 8QA3
£585K03/210.31 mi152, Knightlow Road, Harborne, Birmingham, West Midlands B17 8QA3
£620K11/220.31 mi42, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£575K07/230.31 mi66, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£510K06/210.31 mi40, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£500K02/230.32 mi132, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HD3
£540K06/210.33 mi7, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SH3
£345K11/220.35 mi94, Gordon Road, Harborne, Birmingham, West Midlands B17 9EY3
£430K06/210.35 mi49, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£370K10/200.35 mi4, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£327.5K03/210.35 mi84, Station Road, Harborne, Birmingham, West Midlands B17 9LX3
£700K06/210.35 mi51, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9TB3
£615K09/210.36 mi55, Knightlow Road, Harborne, Birmingham, West Midlands B17 8PX3
£580K03/210.36 mi115, Knightlow Road, Harborne, Birmingham, West Midlands B17 8PX3
£229.5K12/200.36 mi52, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB3
£490K04/210.36 mi26, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RE3

Local Rents

32 rents from £975/mo to £2.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.13 miThe Circle, Birmingham3
£1,50012/240.25 miPark Hill Road, Harborne, B173
£1,30012/240.33 miGordon Road, Harborne, Birmingham3
£1,45012/240.34 mi-3
£1,45012/240.34 miGordon Road, Birmingham, B173
£1,45012/240.34 miGordon Road, Birmingham, B173
£1,60012/240.34 miStation Road, Harborne, Birmingham, B17 9LX3
£1,42512/240.39 miRegent Road, Harborne, Birmingham, B17 9JU3
£1,65012/240.4 miRegent Road, Harborne, Birmingham, B17 9JU3
£1,40004/250.41 mi-3
£1,75012/240.43 miHigh Street, Harborne, Birmingham, West Midlands, B17 9QG3
£2,30012/240.45 miGreenfield Road, Harborne, Birmingham, B17 0ES3
£1,55012/240.45 miAugustus Road, Edgbaston, B153
£1,50612/240.47 miCourt Oak Road, Birmingham3
£1,70012/240.48 miBull Street, Harborne, B173
£1,70012/240.48 miBull Street, Harborne3
£1,70012/240.48 miBull Street, Harborne, Birmingham3
£1,40012/240.49 mi55 Vivian Road, Birmingham, B17 0DT3
£1,12512/240.49 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,75012/240.5 miHarborne Square, Weather Oaks, Harborne3
£1,25012/240.51 miBull Street, Harborne3
£1,59512/240.51 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,62512/240.52 miYork Street, Birmingham, B173
£1,67512/240.52 mi34 York Street, Birmingham, B17 0HG3
£1,45012/240.53 miThe Farthings, Metchley Lane, Harborne3
£97511/240.55 mi-3
£1,75012/240.56 miWeather Oaks, Harborne, B173
£1,40012/240.57 miYewcroft Avenue, Harborne, Birmingham, B173
£1,25012/240.59 miMalt Close, Harborne, Birmingham3
£1,30012/240.61 miMalt Close, Harborne, Birmingham, B173
£1,15003/250.61 mi-3
£1,15004/250.61 mi-3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.13 miles away

Nearest school

0.40 miles away

Nearest train station

1.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £725,000

January 28, 2025

Floor Plans

Description

  • Beautiful Semi-Detached Family Home in Prestigious Location +
  • Three Bedrooms and a Wonderful Large Rear Garden with Excellent Views +
  • In Need of Modernisation but Fantastic Potential for Extension and Re-development Subject to Relevant PP +
  • Fantastic Local School Catchment +
  • Garage and Driveway +
  • Excellent Access Links to QE Hospital and Birmingham University +
  • No Upward Chain +
  • EPC Rating - D +

A beautifully maintained semi-detached family home situated in one the most highly regarded locations within central Harborne. This spacious three bedroom residence has retained a wealth of original features throughout and does require modernisation, but offers huge potential for redevelopment and further extension to increase the size of the accommodation on offer subject to relevant planning permissions. With garage and driveway and a large garden to the rear of the property.

The property is set back away from street level in a very prominent position, with decorative front garden and retaining wall, with a driveway providing off-street parking and leading to the property and garage entrance. A timber enclosed porch and entrance door lead into a welcoming hallway with original stained glass windows and oak panelling, with a staircase to the first floor with storage under. There are spacious traditional front and rear reception rooms, with a bay window to the front and original feature fireplace with gas fire, with the rear reception providing access to the rear garden. The kitchen provides base level units, space for kitchen appliances and houses the central heating boiler and leads out to the garage.
The upstairs accommodation provides three good sized bedrooms with a fully tiled bathroom including WC, sink unit and bath with separate shower attachment.
The garage provides access from the front to the rear of the property with double doors and offers excellent storage and an outside WC.
A large tiered rear garden compliments the property perfectly with patio area and steps leading to a large lawn space with a garden shed and a variety of plants and bushes throughout the mature borders. Towards the bottom of the garden are vegetable patches with a greenhouse and another shed. Offering fantastic views across Harborne and Edgbaston, it is a wonderful outdoor space perfect for families.

The property is superbly located on the edge of the Moor Pool Estate with its wonderful heritage, with the centre of Harborne village less than half a mile away providing a vast array of boutique shops and excellent renowned local schools. Harborne has a wonderful selection of superb eateries, coffee shops and gastro pubs which provide for a vibrant and bustling night life. Harborne leisure centre is situated at the very top of the village and this area remains highly sought after by medical staff and lecturers working within the Birmingham University's Edgbaston campus and Queen Elizabeth Hospital which are both easily accessible and just over a mile away.

Estate agents operating in the UK are required to conduct Anti-Money Laundering (AML) checks in compliance with the regulations set forth by HM Revenue and Customs (HMRC) for all property transactions. It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed. Our estate agency uses Coadjute’s Assured Compliance service to facilitate the AML checks. A fee will be charged for each individual AML check conducted.

Agent Details

Hunters, Harborne

0121 387 6551

Next Steps?

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