5 Bed Terraced House, Refurb/BRRR, Birmingham, B29 6EJ, £420,000

Heeley Road, Birmingham, B29 6EJ - 20 views - 2 months ago

Refurb/BRRR
ROI: 5%
~178 m²
+7 photos

ValuationFair Value

Sold Prices£200K - £900K
Sold Prices/m²£1.8K/m² - £4.2K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.4K/m²

Value Estimate

£428,400

 

 

End Value (After Refurb)

£589,405

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£105,000

Stamp Duty & Legal Fees

£22,300

Refurb Costs

£70,614

Bridging Loan Interest

£11,025

Total Cash In

£210,689

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£589,405

Agent Fees (1%)

£5,894

Bridging Loan

£315,000

Bridging Loan Interest

£11,025

Flip Profit

£57,822

Local Sold Prices

21 sold prices from £200K to £900K, average is £570K. £1.8K/m² to £4.2K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£400K06/210.12 mi216, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£260K07/210.16 mi278, Hubert Road, Selly Oak, Birmingham, West Midlands B29 6EP5
£200K02/210.22 mi6, Lottie Road, Selly Oak, Birmingham, West Midlands B29 6JZ5
£685K10/220.4 mi42, Serpentine Road, Selly Park, Birmingham, West Midlands B29 7HU5
£425K02/210.44 mi26, Bournbrook Road, Birmingham, West Midlands B29 7BJ5
£730K02/230.47 mi142, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7LH5
£228K02/230.5 mi28, Rachel Gardens, Birmingham, West Midlands B29 6NY5
£620K06/210.54 mi49, Selly Park Road, Selly Park, Birmingham, West Midlands B29 7PH5
£294K05/210.62 mi146, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£302K11/200.62 mi142, Lodge Hill Road, Birmingham, West Midlands B29 6NG5
£795.5K05/230.62 mi41a, Upland Road, Selly Park, Birmingham, West Midlands B29 7JS5
£685K11/200.63 mi57, Linden Road, Bournville, Birmingham, West Midlands B30 1JT5
£710K03/220.63 mi344, Bristol Road, Birmingham, West Midlands B5 7SN5
£725K03/210.7 mi31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£900K08/220.7 mi15, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£725K03/210.7 mi31, Selly Wick Road, Selly Park, Birmingham, West Midlands B29 7JJ5
£280K06/210.7 mi960, Pershore Road, Selly Park, Birmingham, West Midlands B29 7PU5
£630K03/220.7 mi336, Bristol Road, Birmingham, West Midlands B5 7SN5
£570K08/230.77 mi51, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 6QZ5
£246.5K03/210.77 mi9, Bideford Drive, Selly Oak, Birmingham, West Midlands B29 6QG5
£383.3K01/230.84 mi6, Brookvale Mews, Selly Park, Birmingham, West Midlands B29 7HP5

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
£3,51912/240.04 mi150 Hubert Road, Selly Oak, Birmingham7
£45512/240.04 mi**£105 P.P.P.W** All Double bedrooms** Close to uni and to train station** 5

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 £420,000

February 3, 2025

Description

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

FOR SALE - FANTASTIC INVESTMENT OPPORTUNITY - 5 BEDROOMS / 2 BATHROOMS

House Hunt are delighted to present this excellent investment opportunity, offering incredible ROI potential in a highly desirable area. This spacious 5-bedroom, 2-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 💪