6 Bed Terraced House, Refurb/BRRR, Birmingham, B29 6EJ, £430,000

Heeley Road, Birmingham, B29 6EJ - 25 views - 2 months ago

Refurb/BRRR
ROI: 4%
~186 m²
+9 photos

ValuationFair Value

Sold Prices£160K - £1.9M
Sold Prices/m²£2.1K/m² - £7.2K/m²

 

 

Square Metres

~186 m²
Price/m²£2.3K/m²

Value Estimate

£434,300

 

 

End Value (After Refurb)

£614,918

Uplift in Value

+43%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£107,500

Stamp Duty & Legal Fees

£23,100

Refurb Costs

£73,671

Bridging Loan Interest

£11,288

Total Cash In

£217,308

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£614,918

Agent Fees (1%)

£6,149

Bridging Loan

£322,500

Bridging Loan Interest

£11,288

Flip Profit

£68,961

Local Sold Prices

36 sold prices from £160K to £1.9M, average is £777.5K. £2.1K/m² to £7.2K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£395K02/230.08 mi68, Heeley Road, Selly Oak, Birmingham, West Midlands B29 6EZ6
£455K06/210.1 mi261, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6DB6
£332.5K06/210.15 mi143, Tiverton Road, Selly Oak, Birmingham, West Midlands B29 6BS6
£177K06/210.21 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£177K06/210.23 mi29, Gleave Road, Selly Oak, Birmingham, West Midlands B29 6JW6
£160K05/230.31 mi50, Dawlish Road, Selly Oak, Birmingham, West Midlands B29 7AE6
£815K03/210.51 mi114, Oakfield Road, Selly Park, Birmingham, West Midlands B29 7ED6
£1.2M12/220.53 mi44, Kensington Road, Selly Park, Birmingham, West Midlands B29 7LW6
£825K01/230.76 mi2, Eastern Road, Selly Park, Birmingham, West Midlands B29 7JP6
£730K03/210.83 mi4, Upland Road, Selly Park, Birmingham, West Midlands B29 7JR6
£995K04/231.1 mi118, Bournville Lane, Birmingham, West Midlands B30 1LT6
£775K11/201.14 mi201, Moor Green Lane, Birmingham, West Midlands B13 8NT6
£695K02/231.26 mi321, Pershore Road, Birmingham, West Midlands B5 7RY6
£860K12/221.26 mi341, Pershore Road, Birmingham, West Midlands B5 7RY6
£1.3M04/211.28 mi17, Abbey Road, Harborne, Birmingham, West Midlands B17 0JT6
£610K04/211.41 mi177, Russell Road, Moseley, Birmingham, West Midlands B13 8RR6
£870K02/211.43 mi55, Reddings Road, Moseley, Birmingham, West Midlands B13 8LP6
£1.9M08/221.48 mi112, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ6
£635K10/201.48 mi17, Belmont Crescent, Northfield, Birmingham, West Midlands B31 2FH6
£940K03/211.62 mi8, Amesbury Road, Moseley, Birmingham, West Midlands B13 8LD6
£1.1M03/211.63 mi32, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SG6
£295K03/231.64 mi152, Gregory Avenue, Birmingham, West Midlands B29 5DT6
£350K11/211.7 mi66, Middleton Hall Road, Birmingham, West Midlands B30 1BY6
£760K08/221.7 mi30, All Saints Road, Kings Heath, Birmingham, West Midlands B14 7LL6
£1.2M07/221.71 mi128, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JQ6
£410K12/211.76 mi82, Bryndale Avenue, Birmingham, West Midlands B14 6NQ6
£690K02/211.77 mi13, Milford Road, Harborne, Birmingham, West Midlands B17 9RL6
£1.9M06/221.77 mi67, Westfield Road, Edgbaston, Birmingham, West Midlands B15 3JF6
£780K01/221.79 mi168, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£760K11/221.82 mi184, Middleton Hall Road, Birmingham, West Midlands B30 1DP6
£1.3M07/221.82 mi96, Park Hill, Birmingham, West Midlands B13 8DS6
£1.1M03/211.89 mi34, Chantry Road, Moseley, Birmingham, West Midlands B13 8DJ6
£1.3M01/231.94 mi10, Ascot Road, Moseley, Birmingham, West Midlands B13 9EL6
£1.0M10/221.94 mi7, Woodville Road, Harborne, Birmingham, West Midlands B17 9AS6
£640K12/201.96 mi73, Springfield Road, Kings Heath, Birmingham, West Midlands B14 7DU6
£944K05/231.96 mi48, School Road, Moseley, Birmingham, West Midlands B13 9SN6

Local Rents

50 rents from £342/mo to £4.4K/mo, average is £3.4K/mo.

RentDateDistanceAddressBeds 
£2,70912/240 miHeeley Road - 3 bath student property5
£41212/240 miDAWLISH Road, Birmingham, B297
£55912/240 mi**£129 P.P.P.W Bills included **Heeley Road, Birmingham, B296
£3,64012/240 miHeeley Road, Birmingham6
£41212/240 miHeeley Road, Birmingham, B296
£34212/240 miHeeley Road, Birmingham, B297
£41212/240 miHeeley Road, Birmingham, B296
£41212/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£45012/240 miHeeley Road, Birmingham, B296
£39012/240 miHeeley Road, Selly Oak6
£3,51012/240 miHeeley Road, Birmingham6
£2,49512/240 miHeeley Road, Birmingham7
£3,33212/240.01 miHeeley Road, Birmingham7
£3,91312/240.01 miEN-SUITE £129 PPPW based on 7 number of people sharing. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£3,91312/240.01 miEN-SUITE £129 PPPW based on 7 number of people sharing. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£3,64012/240.01 miEN-SUITE £120 PPPW based on 7 number of people sharing. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miEN-SUITE £120 PPPW based on 7 number of people sharing. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£4,44712/240.01 miEN-SUITE £146.63 PPPW BILLS INCLUDED for Group of 7 People. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miEN-SUITE £120 PPPW for Group of 7. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£4,44712/240.01 miEN-SUITE £146.63 PPPW BILLS INCLUDED for Group of 7 People. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£4,44712/240.01 miEN-SUITE £146.63 PPPW BILLS INCLUDED for Group of 7 People. Heeley Rd, Selly Oak B29 6EL7
£4,44712/240.01 miEN-SUITE £146.63 PPPW BILLS INCLUDED FOR GROUP OF 7 PEOPLE. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£3,64012/240.01 miEN-SUITE £120 PPPW based on 7 number of people sharing. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miEN-SUITE £120 PPPW based on 7 number of people sharing. Heeley Rd, Selly Oak B29 6EL7
£3,64012/240.01 miENSUITE. £140 PPPW for Group of 6 People. Heeley Rd , Selly Oak B29 6EL6
£3,39512/240.01 miHeeley Road, Birmingham7
£3,43212/240.02 miHeeley Road, Birmingham6
£3,43212/240.02 miHeeley Road, Birmingham6
£3,32412/240.03 miHeeley Road, Birmingham6
£3,32412/240.03 miHeeley Road, Birmingham6
£3,32412/240.03 miHeeley Road, Birmingham6
£2,86012/240.04 mi120 Heeley Road, B29 6EZ6
£42012/240.04 mi Hubert Road, Birmingham, B297
£55012/240.04 mi**£127 P.P.P.W Bills included** Ensuit Double bedrooms**Dawlish Road, Birmingham, B297

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

2.78 miles away

Nearest school

0.20 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £430,000

February 3, 2025

Description

  • Great opportunity to renovate and add value +
  • Highly Desirable Location +
  • High ROI +
  • Spacious Rear Garden +

FOR SALE - FANTASTIC INVESTMENT OPPORTUNITY - 6 BEDROOMS / 3 BATHROOMS

House Hunt are delighted to present this excellent investment opportunity, offering incredible ROI potential in a highly desirable area. This spacious 6-bedroom, 3-bathroom property is currently tenanted until June 2026, ensuring a long-term, secure rental income from day one.

Situated in a prime location, the property is just a short distance from key amenities, including Bristol Road, Selly Oak Train Station, the University of Birmingham, and the Queen Elizabeth Hospital-making it highly attractive to students and professionals alike.

This property also presents a great opportunity for renovation, allowing investors to enhance its value and maximize rental returns. With strong tenant demand and high rental yields, this is a perfect addition to any investment portfolio.

- Fully tenanted until June 2026 - Secure income stream
- Spacious layout with excellent potential
- Prime location - Ideal for student or professional accommodation
- Great opportunity to renovate and add value

Whether you're a first-time investor or looking to expand your portfolio, this property offers a lucrative and hassle-free investment opportunity.

- Contact the House Hunt Sales Department today for more information!

Agent Details

House Hunt, Birmingham

0121 387 6744

Next Steps?

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