3 Bed Terraced House, Refurb/BRRR, Birmingham, B17 9AN, £350,000

Grosvenor Road, Harborne, Birmingham, West Midlands, B17 9AN - 1 views - 2 months ago

Sold STC
Refurb/BRRR
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£175K - £725K
Sold Prices/m²£2.2K/m² - £5.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£280,500

 

 

End Value (After Refurb)

£343,876

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£15,900

Refurb Costs

£36,724

Bridging Loan Interest

£9,188

Total Cash In

£151,061

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£343,876

Mortgage (After Refinance)

£257,907

Mortgage LTV

75%

Cash Left In

£151,061

Equity

£85,969

Rent Range

£950 - £2,175

Rent Estimate

£1,338

Running Costs/mo

£1,362

Cashflow/mo

£-24

Cashflow/yr

£-291

Gross Yield

5%

Local Sold Prices

50 sold prices from £175K to £725K, average is £386.3K. £2.2K/m² to £5.6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£345K04/210.01 mi6, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£347K12/200.01 mi14, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£391K06/210.01 mi56, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£349K05/210.02 mi45, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£382.5K03/230.02 mi37, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£382.5K02/210.02 mi31, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£395K03/210.02 mi81, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£357.5K03/210.04 mi75, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY3
£550K08/230.04 mi107, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY3
£330K06/210.04 mi27, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY3
£399.9K11/220.06 mi14, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£565K11/220.07 mi7, Oak Close, Birmingham, West Midlands B17 9AW3
£290K06/230.07 mi30, Earls Court Road, Birmingham, West Midlands B17 9AH3
£336.2K12/200.07 mi41, Earls Court Road, Birmingham, West Midlands B17 9AH3
£175K01/230.13 mi23, White Field Avenue, Birmingham, West Midlands B17 9AJ3
£250K03/210.16 mi171, Court Oak Road, Birmingham, West Midlands B17 9AD3
£445K03/210.16 mi120, Lordswood Road, Birmingham, West Midlands B17 9BU3
£430K03/230.21 mi129a, Lordswood Road, Birmingham, West Midlands B17 9BH3
£285K02/210.22 mi119a, Lordswood Road, Birmingham, West Midlands B17 9BH3
£480K07/240.27 mi49, Queens Park Road, Birmingham, West Midlands B32 2LB3
£400K10/200.27 mi101, Queens Park Road, Birmingham, West Midlands B32 2LB3
£497.9K06/240.27 mi113, Queens Park Road, Birmingham, West Midlands B32 2LB3
£430K10/230.27 mi47, Queens Park Road, Birmingham, West Midlands B32 2LB3
£379.9K11/200.3 mi11, Conington Grove, Birmingham, West Midlands B17 9UB3
£432K06/210.3 mi31, Oaklands Avenue, Birmingham, West Midlands B17 9TU3
£302.5K11/200.3 mi12, Oaklands Avenue, Birmingham, West Midlands B17 9TU3
£725K04/230.3 mi25, Crosbie Road, Birmingham, West Midlands B17 9BG3
£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
£455K11/220.33 mi72, Fellows Lane, Birmingham, West Midlands B17 9TX3
£330K04/230.33 mi10, Court Oak Grove, Birmingham, West Midlands B32 2HR3
£180K11/230.33 mi25, Court Oak Grove, Birmingham, West Midlands B32 2HR3
£301.5K01/230.33 mi27, Harts Green Road, Birmingham, West Midlands B17 9TZ3
£612.5K10/200.33 mi5, Wintney Close, Birmingham, West Midlands B17 8SQ3
£305K03/230.33 mi3, Tennal Grove, Birmingham, West Midlands B32 2HP3
£270K12/200.33 mi27, Tennal Grove, Birmingham, West Midlands B32 2HP3
£390K11/200.34 mi274, Court Oak Road, Birmingham, West Midlands B32 2EE3
£422.5K10/200.35 mi87, Fellows Lane, Birmingham, West Midlands B17 9TX3
£363K12/220.36 mi16, Cockthorpe Close, Birmingham, West Midlands B17 8SD3
£326K06/230.36 mi187, Tennal Road, Birmingham, West Midlands B32 2HL3
£575K03/210.36 mi51, Lordswood Road, Birmingham, West Midlands B17 9QT3
£490K06/210.36 mi44, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£539K12/220.37 mi17, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BN3
£284K08/210.37 mi191, Tennal Road, Birmingham, West Midlands B32 2HL3
£255K02/210.37 mi185, Tennal Road, Birmingham, West Midlands B32 2HL3
£430K06/210.38 mi49, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£370K10/200.38 mi4, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£325K02/230.38 mi10, Copperbeech Close, Birmingham, West Midlands B32 2HT3
£392.5K12/220.38 mi12, Harts Green Road, Birmingham, West Midlands B17 9TY3

Local Rents

45 rents from £950/mo to £2.2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.02 miGrosvenor Road, Harborne, BIRMINGHAM, West Midlands, B173
£1,39512/240.06 miGrosvenor Road, Harborne, Birmingham, West Midlands, B17 9AN3
£1,20012/240.13 miHampton Court Road, Birmingham, West Midlands, B173
£1,20012/240.13 miHampton Court Road, Birmingham, West Midlands, B173
£1,20012/240.13 miHampton Court Road, Birmingham, West Midlands, B17 9AF3
£98512/240.15 miCourt Oak Road, Birmingham, B17 9AD3
£1,50612/240.23 miCourt Oak Road, Birmingham3
£1,40012/240.23 miYewcroft Avenue, Harborne, Birmingham, B173
£1,37512/240.29 miConington Grove, Harborne, Birmingham, B173
£1,30012/240.29 miHazeley Close, Harborne, B173
£1,30012/240.31 miHartford Close, Harborne, B173
£1,45011/240.32 mi-3
£1,30012/240.33 miHarts Green Road, BIRMINGHAM3
£1,46012/240.33 miMartineau Drive, Birmingham, B323
£1,46012/240.33 mi-3
£1,75012/240.35 miHarborne Square, Weather Oaks, Harborne3
£1,75012/240.37 miWeather Oaks, Harborne, B173
£1,60001/250.4 mi-3
£1,15012/240.42 miWelsh House Farm Road, BIRMINGHAM3
£1,00012/240.42 miShipbourne Close, Quinton, B323
£2,17512/240.43 mi-3
£2,17512/240.43 miCopperbeech Close, Birmingham, B323
£1,10012/240.44 miNorthfield Road, Harborne, Birmingham3
£1,15003/250.45 mi-3
£1,15004/250.45 mi-3
£1,30012/240.46 mi-3
£1,05012/240.46 miCapern Grove, BIRMINGHAM3
£1,50012/240.47 mi-3
£1,79504/250.47 mi-3
£1,00012/240.49 miWisley Way, Quinton, B323
£1,10012/240.49 miWisley Way, BIRMINGHAM3
£1,00012/240.5 miTennal Road, Harborne3
£1,20012/240.5 miTennal Road, Birmingham3
£1,15012/240.5 miThe Circle, Birmingham3
£1,35012/240.51 miHunstanton Avenue, Harborne, B173
£1,30012/240.51 mi-3
£1,59512/240.51 miVicarage Road, Harborne, Birmingham, B173
£95012/240.53 miTennal Road, Quinton, B323
£1,20001/250.53 mi-3
£1,15012/240.54 miNorthfield Road, Harborne, Birmingham3
£1,55012/240.55 miHunstanton Avenue, Birmingham, B173
£1,10004/250.55 mi-3
£1,15004/250.56 mi-3
£1,35012/240.58 miHagley Road West, Smethwick, B673
£1,29512/240.6 miPale Lane, Harborne, Birmingham, B17 8RX3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.70 miles away

Nearest school

0.20 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £350,000

February 12, 2025

Listed for £340,000

February 3, 2025

Description

  • Three bedrooms +
  • Two spacious reception rooms +
  • Family bathroom and shower room +
  • Period fireplaces throughout +
  • Generous, private rear garden +
  • Excellent renovation potential +
  • High ceilings and bay windows +
  • Close proximity to outstanding schools +
  • Convenient access to transport +
  • Sought-after area with amenities +

This charming Victorian mid-terraced property is full of character and presents an excellent opportunity for buyers seeking a home to personalise. Situated in a highly desirable location, it boasts period features such as bay windows, feature fireplaces, and high ceilings, offering a glimpse of its timeless charm.

On entering the property, you are greeted by a welcoming hallway leading to two spacious reception rooms, one featuring a striking bay window that allows natural light to flood the room, and the other providing a cosy and versatile living space. The kitchen is fitted with a range of units, offering practical storage and worktop space, and leads to the rear of the property where you will find a well-proportioned family bathroom.

Upstairs, the first floor accommodates three bedrooms. The principal bedroom is generously sized with large windows that brighten the space. A second double bedroom offers flexibility, while the third bedroom would make an ideal nursery or home office. A convenient shower room is also located on this floor, complementing the layout of the home.

Externally, the property features a long rear garden, perfect for outdoor relaxation or entertaining, with mature borders providing a sense of privacy. The property also benefits from a front garden space that adds to its curb appeal.

This home is a blank canvas awaiting its next chapter and offers potential for renovation to suit individual tastes. Perfectly positioned close to local amenities, schools, and excellent transport links, it is ideal for families, first-time buyers, or investors looking for a property with great potential.

Harborne is one of Birmingham"s most sought-after suburban locations, offering a charming mix of vibrant village atmosphere and urban convenience. Renowned for its historic High Street, Harborne features a variety of boutique shops, cafes, pubs, and restaurants, including well-loved establishments like The Plough and Harborne Kitchen. The area is popular with families, professionals, and retirees due to its excellent local amenities, including highly regarded schools such as Harborne Primary, Blue Coat, and King Edward"s.

With beautiful green spaces like Harborne Walkway and Queens Park nearby, residents can enjoy outdoor activities and leisurely strolls. Harborne also benefits from fantastic transport links, with quick access to Birmingham City Centre via car or public transport, while the University of Birmingham and Queen Elizabeth Hospital are both within close proximity. Harborne"s blend of community feel, period charm, and convenient location makes it a perennial favourite for homebuyers.

Agent Details

Wentworth & Rose, Harborne

0121 387 6490

Next Steps?

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