2 Bed Terraced House, Refurb/BRRR, Birmingham, B17 0DT, £250,000

Vivian Road, Birmingham, West Midlands, B17 0DT - 18 views - 2 months ago

Refurb/BRRR
~68 m²
+21 photos

ValuationOvervalued

Sold Prices£172K - £466K
Sold Prices/m²£2.6K/m² - £6.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£221,000

 

 

End Value (After Refurb)

£291,904

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£9,500

Refurb Costs

£26,896

Bridging Loan Interest

£6,563

Total Cash In

£107,208

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£291,904

Mortgage (After Refinance)

£218,928

Mortgage LTV

75%

Cash Released

£31,428

Cash Left In

£75,780

Equity

£72,976

Rent Range

£850 - £1,550

Rent Estimate

£1,152

Running Costs/mo

£1,163

Cashflow/mo

£-11

Cashflow/yr

£-127

Gross Yield

6%

Local Sold Prices

51 sold prices from £172K to £466K, average is £285K. £2.6K/m² to £6.3K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£247K01/210.04 mi32, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EE2
£405K03/210.11 mi73a, Station Road, Harborne, Birmingham, West Midlands B17 9LR2
£400K07/230.14 mi80d, Station Road, Harborne, Birmingham, West Midlands B17 9LX2
£375K11/220.2 mi61, Station Road, Harborne, Birmingham, West Midlands B17 9LP2
£320K12/200.24 mi23, York Street, Harborne, Birmingham, West Midlands B17 0HG2
£395K03/210.24 mi35, York Street, Harborne, Birmingham, West Midlands B17 0HG2
£317.5K07/210.28 mi87, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£317.5K07/210.28 mi87, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£267.5K07/210.28 mi109, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£290K05/210.28 mi140, Gordon Road, Harborne, Birmingham, West Midlands B17 9EY2
£298.5K03/210.36 mi28, St Peters Road, Harborne, Birmingham, West Midlands B17 0AY2
£257.5K12/200.37 mi74, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£260K11/200.38 mi30, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH2
£253K12/200.38 mi1, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£220K01/210.38 mi9, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£261K07/230.38 mi3, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£273K06/210.38 mi15, North Road, Harborne, Birmingham, West Midlands B17 9PA2
£295K02/210.38 mi61, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£270K08/210.38 mi11, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£270K08/210.38 mi11, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£277.5K02/230.38 mi21, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£269.5K10/200.39 mi31, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£285K02/210.39 mi5, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£212.5K08/210.39 mi1, Merryfield Grove, Birmingham, West Midlands B17 0LW2
£350K04/230.4 mi64, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£273K02/210.4 mi82, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£270K04/210.4 mi124, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£250K06/210.42 mi22, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£322K12/200.42 mi7, Park Edge, Birmingham, West Midlands B17 9ER2
£400K02/210.45 mi20, Margaret Grove, Birmingham, West Midlands B17 9JH2
£372K08/210.45 mi36, Margaret Grove, Birmingham, West Midlands B17 9JH2
£380K09/210.45 mi44, Margaret Grove, Birmingham, West Midlands B17 9JH2
£285K03/230.45 mi63, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AA2
£306K11/200.45 mi126, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HD2
£287K04/210.45 mi20, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£289.3K06/210.45 mi26, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£315K06/230.45 mi34, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£290K12/210.46 mi17, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£345K04/220.46 mi15, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£400K04/220.46 mi27, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£225K12/200.48 mi28, Milford Road, Harborne, Birmingham, West Midlands B17 9RL2
£280K04/210.49 mi39, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£238K10/200.5 mi65, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£466K06/230.5 mi43, High Brow, Harborne, Birmingham, West Midlands B17 9EW2
£325K06/210.5 mi17, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£260K09/210.5 mi2, Springavon Croft, Birmingham, West Midlands B17 9BJ2
£315K07/230.51 mi70, Vicarage Road, Harborne, Birmingham, West Midlands B17 0SP2
£172K11/200.52 mi25, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£229K03/210.52 mi40, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£225K04/210.52 mi24, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£270K12/220.52 mi38, Kelfield Avenue, Birmingham, West Midlands B17 0QL2

Local Rents

51 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.04 miGreenfield Road, Harborne2
£1,10012/240.04 miGreenfield Road, Harborne2
£1,19512/240.05 miHarborne Central, High Street, Harborne2
£1,25012/240.07 mi-2
£1,39004/250.08 mi-2
£1,25012/240.13 miHigh Street, Harborne2
£1,25012/240.15 mi174-176 High Street, Harborne, Birmingham, B17 9PP2
£1,10002/250.17 mi-2
£1,49512/240.17 miChestnut Grove, Harborne, Birmingham2
£1,00012/240.19 miHigh Street, Harborne, Birmingham, B172
£1,05012/240.2 mi-2
£85012/240.2 miBirch Close, Greenfield Road, Harborne, Birmingham, B17 0EH2
£1,30012/240.2 miStation Road, Harborne, Birmingham, B172
£1,29512/240.23 miAbbey Road, Harborne, Birmingham, B172
£1,00002/250.23 mi-2
£1,09512/240.23 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,18001/250.23 mi-2
£1,35012/240.23 miHarborne Village Apartments, High Street, Harborne, B172
£1,29512/240.24 miAbbey Road, Harborne, Birmingham, West Midlands, B17 0JT2
£1,20004/250.25 mi-2
£1,19512/240.27 miThe Lords, Lordswood Road, Harborne2
£95012/240.27 miHigh Street, Harborne, B172
£1,20012/240.28 miClarence Road, Harborne, B172
£1,17012/240.29 miGreenfield Road, Harborne, Birmingham2
£1,20003/240.29 mi-2
£95012/240.29 miFrankley Terrace, Lordswood Road2
£1,10012/240.29 miRavenhurst Road, Harborne, B172
£1,20012/240.29 miBantock Way, BIRMINGHAM2
£1,05012/240.31 mi-2
£1,25012/240.31 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£1,00012/240.31 miRose Road, Harborne, Birmingham2
£1,26512/240.31 miRose Road, Harborne, Birmingham2
£1,15012/240.32 miCross Farm Manor, Cross Farm Road, Harborne, B172
£1,35012/240.35 miMoor Pool Avenue, Harborne, Birmingham, B17 9HL2
£1,10002/240.36 mi-2
£1,10012/240.36 miYewdale, Birmingham, B172
£1,10004/250.36 mi-2
£1,28012/240.36 miSt Peters Road, Harborne, BIRMINGHAM2
£1,24512/240.38 miMetchley Lane, Birmingham, B17 0HT2
£1,00012/240.38 miGordon Road, Harborne, Birmingham2
£1,40012/240.39 miMoor Pool Avenue, Harborne, Birmingham, B17 9DT2
£97512/240.39 miMetchley Lane, Harborne, Birmingham, B172
£97512/240.39 miMetchley Lane, Harborne, Birmingham, B172
£1,10012/240.4 miGordon Road, Harborne2
£1,05012/240.41 miThe Circle, Harborne, B172
£1,05012/240.41 miThe Circle, Harborne, B172
£1,29512/240.41 miHigh Street, Harborne2
£1,55003/250.41 mi-2
£1,25001/250.44 mi-2
£1,10012/240.45 miHartledon Road, Harborne2
£1,10012/240.45 miHartledon Road, Harborne2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.06 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £250,000

March 12, 2025

Listed for £260,000

February 13, 2025

Floor Plans

Description

Dixons is pleased to present this 2 bedroom mid terraced house on one of the most sort after roads in Harborne. The property is within walking distance of Waitrose and all of the amenities that Harborne has to offer. It is within the catchment area of the main Harborne Primary Schools and is a perfect project for first time buyers and investors alike.

The property requires a full renovation throughout. The entrance leads into the front reception room which leads though to the second reception room, there is a kitchen at the rear. upstairs features two good sized double bedrooms and a family bathroom.

Outside there is a small yard with a WC and a shared access area with storage.

Agent Details

Dixons, Quinton

0121 387 6279

Next Steps?

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