3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B17 8HD, £330,000

Willow Avenue, Birmingham, West Midlands, B17 8HD - 4 views - 3 months ago

Refurb/BRRR

ROI: 1%

~93 m²

+12 photos

ValuationOvervalued

Sold Prices	£135K - £2.4M
Sold Prices/m²	£1.5K/m² - £26.1K/m²

Square Metres	~93 m²
Price/m²	£3.5K/m²
Value Estimate	£195,925£195,925

End Value (After Refurb)	£296,208£296,208

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£82,500£82,500
Stamp Duty & Legal Fees	£16,700£16,700
Refurb Costs	£36,724£36,724
Bridging Loan Interest	£8,663£8,663
Total Cash In	£146,336£146,336

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£296,208£296,208
Mortgage (After Refinance)	£222,156£222,156
Mortgage LTV	75%75%
Cash Left In	£146,336£146,336
Equity	£74,052£74,052
Rent Range	£850 - £3,000£850 - £3,000
Rent Estimate	£1,301
Running Costs/mo	£1,206£1,206
Cashflow/mo	£95£95
Cashflow/yr	£1,142£1,142
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £135K to £2.4M, average is £245.3K. £1.5K/m² to £26.1K/m², average is £2.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£380K	09/22	0 mi	52, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HD	£4,318	88	3	Detached House
£329K	06/21	0.02 mi	43, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HP	£2,697	122	3	Semi-Detached House
£221K	09/22	0.07 mi	32, Merrivale Road, Smethwick, West Midlands B66 4EJ	£4,420	50	3	Terraced House
£163K	11/20	0.1 mi	19, Belmont Road, Smethwick, West Midlands B66 4EL	£1,852	88	3	Terraced House
£235K	05/21	0.2 mi	193, Lightwoods Road, Smethwick, West Midlands B67 5AZ	£2,838	83	3	Terraced House
£255K	10/23	0.2 mi	155, Lightwoods Road, Smethwick, West Midlands B67 5AZ	£2,237	114	3	Terraced House
£289.9K	03/21	0.2 mi	162, Lightwoods Road, Smethwick, West Midlands B67 5AZ	£2,396	121	3	Semi-Detached House
£275K	07/21	0.21 mi	13, St Marys Road, Bearwood, Smethwick, West Midlands B67 5DG	-	-	3	Terraced House
£298.3K	03/23	0.21 mi	11, St Marys Road, Bearwood, Smethwick, West Midlands B67 5DG	£2,597	115	3	Semi-Detached House
£235K	12/22	0.21 mi	31, Poplar Road, Smethwick, West Midlands B66 4AW	£2,026	116	3	Semi-Detached House
£210K	08/21	0.21 mi	99, Poplar Road, Smethwick, West Midlands B66 4AW	-	-	3	Terraced House
£179.9K	11/21	0.22 mi	6, Ethel Street, Bearwood, Smethwick, West Midlands B67 5AL	£1,977	91	3	Semi-Detached House
£160K	12/20	0.22 mi	178, Merrivale Road, Smethwick, West Midlands B66 4EA	£1,975	81	3	Terraced House
£190K	10/22	0.22 mi	188, Merrivale Road, Smethwick, West Midlands B66 4EA	£2,407	79	3	Terraced House
£230.5K	09/23	0.22 mi	20, Rawlings Road, Smethwick, West Midlands B67 5AA	£2,881	80	3	Terraced House
£235K	02/21	0.24 mi	156, Milcote Road, Smethwick, West Midlands B67 5BW	£2,701	87	3	Terraced House
£210K	01/23	0.24 mi	109, Rawlings Road, Smethwick, West Midlands B67 5AD	-	-	3	Terraced House
£190K	08/23	0.24 mi	15, Rawlings Road, Smethwick, West Midlands B67 5AD	£2,000	95	3	Terraced House
£265K	05/21	0.25 mi	187, Willow Avenue, Edgbaston, Birmingham, West Midlands B17 8HJ	£1,878	141	3	Semi-Detached House
£291K	11/22	0.26 mi	61, Lightwoods Road, Smethwick, West Midlands B67 5BD	£2,553	114	3	Terraced House
£177.5K	08/22	0.29 mi	90, Marlborough Road, Smethwick, West Midlands B66 4DW	-	-	3	Terraced House
£162K	09/21	0.29 mi	9, Weston Road, Bearwood, Smethwick, West Midlands B67 5HH	£1,743	93	3	Terraced House
£310K	06/23	0.29 mi	17, Wadhurst Road, Birmingham, West Midlands B17 8JF	-	-	3	Terraced House
£315K	03/21	0.29 mi	19, Wadhurst Road, Birmingham, West Midlands B17 8JF	£3,247	97	3	Semi-Detached House
£275K	07/23	0.29 mi	1, Weston Road, Bearwood, Smethwick, West Midlands B67 5HH	£2,842	97	3	Terraced House
£243.5K	12/22	0.3 mi	37, Herbert Road, Smethwick, West Midlands B67 5DD	-	-	3	Terraced House
£242.5K	11/21	0.3 mi	123, Lightwoods Road, Smethwick, West Midlands B67 5BE	-	-	3	Terraced House
£185K	09/21	0.3 mi	73, Beakes Road, Smethwick, West Midlands B67 5RS	£2,284	81	3	Semi-Detached House
£190K	01/23	0.31 mi	1, Beakes Road, Smethwick, West Midlands B67 5RS	£1,462	130	3	Terraced House
£325K	05/23	0.31 mi	21, Herbert Road, Smethwick, West Midlands B67 5DD	£3,009	108	3	Terraced House
£247K	07/21	0.31 mi	18, Herbert Road, Smethwick, West Midlands B67 5DD	-	-	3	Terraced House
£308K	10/20	0.31 mi	32, Herbert Road, Smethwick, West Midlands B67 5DD	£2,800	110	3	Terraced House
£270K	05/21	0.31 mi	17, Herbert Road, Smethwick, West Midlands B67 5DD	£2,547	106	3	Terraced House
£308.5K	07/23	0.31 mi	31, Herbert Road, Smethwick, West Midlands B67 5DD	-	-	3	Terraced House
£185K	10/23	0.31 mi	79, Reginald Road, Bearwood, Smethwick, West Midlands B67 5AF	-	-	3	Terraced House
£285K	06/21	0.32 mi	54, Milcote Road, Smethwick, West Midlands B67 5BQ	£3,067	93	3	Terraced House
£280K	02/21	0.32 mi	50, Milcote Road, Smethwick, West Midlands B67 5BQ	£2,819	99	3	Terraced House
£260K	12/22	0.32 mi	44, Wadhurst Road, Birmingham, West Midlands B17 8JE	-	-	3	Semi-Detached House
£157.5K	12/20	0.35 mi	115, Wigorn Road, Smethwick, West Midlands B67 5HF	£1,921	82	3	Terraced House
£135K	12/20	0.35 mi	108, Thimblemill Road, Smethwick, West Midlands B67 5QS	£1,901	71	3	Terraced House
£181.5K	04/21	0.35 mi	146, Wigorn Road, Smethwick, West Midlands B67 5HL	£2,039	89	3	Semi-Detached House
£206K	12/22	0.36 mi	27, Katherine Road, Smethwick, West Midlands B67 5QZ	£2,102	98	3	Terraced House
£400K	06/21	0.37 mi	3, Bernard Road, Birmingham, West Midlands B17 8LP	£3,846	104	3	Semi-Detached House
£252K	12/20	0.37 mi	21, Bernard Road, Birmingham, West Midlands B17 8LP	£2,447	103	3	Semi-Detached House
£277K	01/21	0.37 mi	17, Bernard Road, Birmingham, West Midlands B17 8LP	£3,378	82	3	Detached House
£180K	03/21	0.37 mi	117, Ridgeway, Edgbaston, Birmingham, West Midlands B17 8JD	-	-	3	Terraced House
£237.5K	08/23	0.38 mi	80, Milcote Road, Smethwick, West Midlands B67 5BG	-	-	3	Terraced House
£292.9K	06/21	0.38 mi	73, Milcote Road, Smethwick, West Midlands B67 5BG	£2,785	105	3	Terraced House
£293K	03/21	0.38 mi	88, Milcote Road, Smethwick, West Midlands B67 5BG	£2,817	104	3	Terraced House
£2.4M	01/23	0.38 mi	57, Abbey Road, Smethwick, West Midlands B67 5LG	£26,087	92	3	Terraced House

Local Rents

35 rents from £850/mo to £3K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	01/25	0.08 mi	-	3	Terraced House
£1,350	04/25	0.08 mi	-	3	Terraced House
£1,200	02/25	0.16 mi	-	3	Terraced House
£1,150	12/24	0.21 mi	Poplar Road, Smethwick	3	Terraced House
£1,150	03/25	0.23 mi	-	3	Terraced House
£1,000	04/25	0.25 mi	-	3	Terraced House
£995	12/24	0.26 mi	Sandon Road, Edgbaston, Birmingham, B17 8DT	3	Flat
£1,195	12/24	0.31 mi	Reginald Road, Smethwick	3	Flat
£1,270	04/25	0.33 mi	-	3	Terraced House
£1,350	03/24	0.33 mi	-	3	Terraced House
£1,350	12/24	0.33 mi	Lightwoods Road, Smethwick, B67	3	Terraced House
£1,100	12/24	0.34 mi	-	3	Terraced House
£1,250	12/24	0.34 mi	Lightwoods Road, Bearwood, B67 5BH	3	Terraced House
£3,000	03/24	0.35 mi	-	3	Terraced House
£1,200	12/24	0.39 mi	Park Road, Smethwick, B67	3	Terraced House
£1,200	12/24	0.39 mi	-	3	Terraced House
£1,595	02/25	0.42 mi	-	3	Terraced House
£1,200	04/25	0.43 mi	-	3	Terraced House
£1,050	12/24	0.45 mi	Westbury Road, Edgbaston, B17 8JH	3	Terraced House
£1,150	12/24	0.49 mi	Portland Road, BIRMINGHAM	3	Flat
£1,150	12/24	0.49 mi	Portland Road, Edgbaston	3	Terraced House
£1,150	12/24	0.5 mi	Galton Road, Smethwick, West Midlands, B67	3	Terraced House
£850	12/24	0.5 mi	Galton Road, Bearwood, B67	3	Terraced House
£1,175	03/25	0.51 mi	-	3	Terraced House
£1,395	12/24	0.53 mi	Mill Hill, Smethwick	3	Detached House
£1,300	12/24	0.53 mi	Galton Road, Bearwood, Birmingham, B67 5JX	3	Terraced House
£950	12/24	0.55 mi	Old Chapel Road, Smethwick	3	Flat
£1,195	12/24	0.57 mi	Addenbrooke Road, Smethwick	3	Detached House
£1,000	03/25	0.57 mi	-	3	Flat
£1,000	04/25	0.57 mi	-	3	Flat
£1,295	12/24	0.58 mi	Pale Lane, Harborne, Birmingham, B17 8RX	3	Terraced House
£1,350	12/24	0.6 mi	Avery Avenue, Edgbaston, Birmingham, B16	3	Detached House
£1,550	12/24	0.6 mi	Hunstanton Avenue, Birmingham, B17	3	Detached House
£1,150	03/25	0.61 mi	-	3	Flat
£1,150	04/25	0.61 mi	-	3	Flat

Local Area Statistics

Population in B17	25,62525,625
Population in Birmingham	1,034,8211,034,821
Town centre distance	3.79 miles away3.79 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.07 miles away1.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+1%+1%

Property History

Price changed to £330,000

March 4, 2025

Listed for £350,000

January 30, 2025

Floor Plans

Description

* OPEN HOUSE Saturday 1st February Limited Spaces So CALL TO BOOK and DONT MISS OUT!!!*
A viewing is recommended on this NO CHAIN, THREE BEDROOM, TWO RECEPTION ROOM Large Style Traditional Semi Detached Family Home with DRIVEWAY and GARAGE in need of some modernisation to bring out the Character and Charm.
Briefly comprising WOW factor Entrance Hallway, TWO Reception Rooms, Lounge with Bay window and Dining Room with door out to the Lean To overlooking garden, Kitchen, Garage and Utility/Workshop, Downstairs, W/C, Lean To overlooking garden, Three Double Bedrooms with Bay windows and Bathroom with separate W/C. Beautiful Large Garden to the rear, with Paved Patio Area, Trees, Shrubs and Lawn. Good size Garage and Driveway to front of the property. Located on this sought after road in Edgbaston, close to Local Transport Links, great Catchment area for Schools, and close to Amenities.

Agent Details

Dixons, Bearwood

0121 387 6271

Next Steps?

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

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ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Investment Opportunity

Local Sold Prices

Local Rents