3 Bed Terraced House, Refurb/BRRR, Birmingham, B8 1QN, £120,000

254 Membury Road, Saltley, Birmingham, B8 1QN - 3 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 8%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£108K - £222K
Sold Prices/m²£1.1K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£122,400

 

 

End Value (After Refurb)

£183,837

Uplift in Value

+53%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£36,800

Bridging Loan Interest

£3,150

Total Cash In

£76,500

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£183,837

Agent Fees (1%)

£1,838

Bridging Loan

£90,000

Bridging Loan Interest

£3,150

Flip Profit

£15,499

Local Sold Prices

50 sold prices from £108K to £222K, average is £165K. £1.1K/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£135K01/210.04 mi2, Bennetts Road, Birmingham, West Midlands B8 1QH3
£185K09/210.14 mi11, Hutton Road, Saltley, Birmingham, West Midlands B8 1QR3
£148K12/200.17 mi192, Wright Road, Birmingham, West Midlands B8 1PD3
£120K01/210.2 mi2, Nigel Road, Birmingham, West Midlands B8 1PA3
£143K05/210.23 mi87, Phillimore Road, Saltley, Birmingham, West Midlands B8 1PT3
£180K03/230.26 mi56, Warren Road, Washwood Heath, Birmingham, West Midlands B8 2YL3
£183K07/230.29 mi59, Herrick Road, Saltley, Birmingham, West Midlands B8 1NT3
£145K04/230.38 mi11, Kimberley Avenue, Birmingham, West Midlands B8 3LB3
£162.5K11/200.38 mi68, Glenpark Road, Birmingham, West Midlands B8 3QW3
£158K03/210.42 mi57, Adderley Gardens, Birmingham, West Midlands B8 1LB3
£170K02/220.44 mi33, Little Clover Close, Birmingham, West Midlands B7 5RS3
£147K12/200.47 mi22, Thornberry Walk, Birmingham, West Midlands B7 5UA3
£165K01/210.47 mi5, Johnson Street, Birmingham, West Midlands B7 5PX3
£141K03/210.49 mi90, Glenpark Road, Birmingham, West Midlands B8 3QN3
£139K06/210.52 mi124, Reginald Road, Saltley, Birmingham, West Midlands B8 1LU3
£130K04/210.52 mi99, Tarry Road, Birmingham, West Midlands B8 3JH3
£160K02/210.53 mi76, Nechells Park Road, Nechells, Birmingham, West Midlands B7 5PR3
£170K05/210.54 mi325, Nechells Park Road, Nechells, Birmingham, West Midlands B7 5NU3
£161K04/210.57 mi26, Bowyer Road, Saltley, Birmingham, West Midlands B8 1ET3
£157K03/210.57 mi32, Bowyer Road, Saltley, Birmingham, West Midlands B8 1ET3
£158K05/230.57 mi66, Bowyer Road, Saltley, Birmingham, West Midlands B8 1ET3
£180K10/220.57 mi36, Bowyer Road, Saltley, Birmingham, West Midlands B8 1ET3
£165K02/230.58 mi166, Nechells Park Road, Nechells, Birmingham, West Midlands B7 5PG3
£222K09/220.61 mi29, Hall Road, Saltley, Birmingham, West Midlands B8 1DH3
£190K06/220.63 mi29, Bloomsbury Walk, Birmingham, West Midlands B7 5DG3
£185K09/220.63 mi15, Bloomsbury Walk, Birmingham, West Midlands B7 5DG3
£180K09/230.63 mi1, Fowler Street, Birmingham, West Midlands B7 5DA3
£175K09/230.63 mi7, Fowler Street, Birmingham, West Midlands B7 5DA3
£175K11/210.63 mi4, Kingswood Croft, Birmingham, West Midlands B7 5LQ3
£175K11/210.63 mi4, Kingswood Croft, Birmingham, West Midlands B7 5LQ3
£217K04/230.63 mi6, Kingswood Croft, Birmingham, West Midlands B7 5LQ3
£180K08/220.66 mi40, Lingard Close, Birmingham, West Midlands B7 5DJ3
£202K10/230.66 mi54, Lingard Close, Birmingham, West Midlands B7 5DJ3
£130K08/210.67 mi428, Alum Rock Road, Birmingham, West Midlands B8 3HT3
£150K07/210.67 mi111, Ash Road, Birmingham, West Midlands B8 1DP3
£135K11/200.68 mi17, Parkfield Road, Alum Rock, Birmingham, West Midlands B8 3AT3
£160K03/230.68 mi25, Hams Road, Birmingham, West Midlands B8 1DU3
£170K09/210.69 mi9, Charles Drive, Birmingham, West Midlands B7 5HB3
£170K09/210.69 mi9, Charles Drive, Birmingham, West Midlands B7 5HB3
£160K12/200.69 mi7, Charles Drive, Birmingham, West Midlands B7 5HB3
£161K05/210.69 mi2a, Parkfield Road, Alum Rock, Birmingham, West Midlands B8 3AU3
£210K08/210.69 mi23, Bridge Road, Saltley, Birmingham, West Midlands B8 1TD3
£130K08/220.72 mi4, Adderley Park Close, Saltley, Birmingham, West Midlands B8 1TB3
£150K03/210.74 mi255, Rocky Lane, Nechells, Birmingham, West Midlands B7 5EY3
£205K08/230.74 mi56, Foxton Road, Birmingham, West Midlands B8 3HP3
£209K06/230.74 mi52, Foxton Road, Birmingham, West Midlands B8 3HP3
£108K04/210.76 mi45, Foxton Road, Birmingham, West Midlands B8 3HW3
£170K03/230.76 mi31, Wardend Road, Birmingham, West Midlands B8 2QU3
£185K12/220.8 mi26, Ludlow Road, Birmingham, West Midlands B8 3BY3
£180K12/210.8 mi434, Alum Rock Road, Birmingham, West Midlands B8 3HT3

Local Rents

34 rents from £950/mo to £1.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50003/250.11 mi-3
£1,35002/240.18 mi-3
£1,35002/240.18 mi-3
£1,35002/240.18 mi-3
£1,35003/240.18 mi-3
£1,35003/240.18 mi-3
£1,35002/240.18 mi-3
£1,35003/240.18 mi-3
£1,35003/240.18 mi-3
£1,35003/240.18 mi-3
£1,35003/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35012/240.18 mi-3
£1,35001/250.18 mi-3
£1,35002/250.18 mi-3
£1,35002/250.18 mi-3
£1,35001/250.18 mi-3
£1,35002/250.18 mi-3
£1,35002/250.18 mi-3
£1,35002/250.18 mi-3
£1,35002/250.18 mi-3
£1,28502/250.35 mi-3
£95012/240.38 miHavelock Road, Saltley, BIRMINGHAM3
£1,10003/240.59 mi-3
£1,05003/240.59 mi-3

Local Area Statistics

Population in B8

42,227

Population in Birmingham

1,034,821

Town centre distance

2.38 miles away

Nearest school

0.30 miles away

Nearest train station

0.83 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Balanced market

Capital growth (5yrs)

+48%

Property History

Listed for £120,000

January 31, 2025

Floor Plans

Description

  • In Need Of Full Renovation +
  • Priced to Sell +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Downstairs Bathroom +

* AUCTION SALE * AUCTION FEES APPLY * AUCTION SALE *

IN NEED OF MODERNISATION AND REFURBISHMENT THROUGHOUT
This mid-terrace property requires work throughout and is priced to reflect the work required as these properties normally sell for a much higher figure. The property consists of a front garden area, integral entrance porch, entrance hallway, TWO RECEPTIONS, kitchen area, and a DOWNSTAIRS BATHROOM. To the first floor there are THREE BEDROOMS. Energy Efficiency Rating:- Awaiting

Auction Information - This property is for sale by Traditional Auction. The buyer and seller must Complete within 56 days. Interested parties personal data will be shared with the Auctioneer (iamsold).

The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Please note: The seller is a registered social landlord and is therefore prohibited from selling a property to anyone who is an employee or Director of the seller, or was in the last 12 months an employee or Director, or is a close relative of such a person or an agent on their behalf.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Front Garden - Low wall border to the front and partly to one side with a fence to the other side of the paved front garden area. Door to:-

Entrance Porch - 0.91m x 0.86m (3' x 2'10") - Enclosed entrance porch with a further internal door to the rear into:-

Entrance Hallway - 2.67m x 0.86m (8'9" x 2'10") - Doors to:-

Reception Room One - 4.22m into bay 3.73m to wall x 2.51m (13'10" into - Box bay window to the front.

Reception Room Two - 3.53m x 3.40m (11'7" x 11'2") - Window to the rear, door to the stairs and a further door to:-

Kitchen - 2.79m x 1.91m (9'2" x 6'3") - Wall and base units with a stainless steel sink and drainer incorporated, window to the side and a door into:-

Inner Vestibule - 2.26m x 0.86m (7'5" x 2'10") - Door to the side allowing access to the rear garden area and a further internal door to:-

Bathroom - 2.06m x 1.70m (6'9" x 5'7") - Suite comprised of a panelled bath (broken will need replacing) a low flush WC and a pedestal wash hand basin. Wall mounted boiler and a window to the side

First Floor -

Bedroom One - 3.71m x 3.51m (12'2" x 11'6" ) - Window to the front

Bedroom Two - 3.40m x 2.64m (11'2" x 8'8") - Window to the rear, storage cupboard over the stairs with a loft access hatch incorporated

Bedroom Three - 2.74m x 1.88m (9' x 6'2") - Window to the rear

Outside -

Rear Garden - Due to being overgrown and neighbouring properties throwing unwanted goods in there we cannot advise what exactly this area consists of apart from there are fence borders, and a mature tree

Further Information - The property is sold as seen.

Agent Details

Prime Estates, Castle Bromwich

0121 387 6569

Next Steps?

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