3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B17 0LN, £280,000

Cross Farm Road, Birmingham, B17 0LN - 6 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£150K - £610K
Sold Prices/m²£2.1K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£280,000

 

 

End Value (After Refurb)

£308,368

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£36,724

Bridging Loan Interest

£7,350

Total Cash In

£126,924

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£308,368

Mortgage (After Refinance)

£231,276

Mortgage LTV

75%

Cash Released

£21,276

Cash Left In

£105,647

Equity

£77,092

Rent Range

£950 - £2,080

Rent Estimate

£1,308

Running Costs/mo

£1,245

Cashflow/mo

£63

Cashflow/yr

£753

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £610K, average is £266.8K. £2.1K/m² to £6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£280K12/220.14 mi15, Leabon Grove, Harborne, Birmingham, West Midlands B17 0LE3
£245K07/210.15 mi10, Lynwood Walk, Birmingham, West Midlands B17 0LS3
£315K04/210.16 mi44, Woodleigh Avenue, Birmingham, West Midlands B17 0NJ3
£302.5K12/220.17 mi34, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG3
£300K01/230.19 mi2, Hilldrop Grove, Birmingham, West Midlands B17 0NX3
£250K05/230.19 mi1, Leeson Walk, Birmingham, West Midlands B17 0LU3
£285K11/200.19 mi35, Woodleigh Avenue, Birmingham, West Midlands B17 0NW3
£226K01/230.21 mi169, Metchley Lane, Birmingham, West Midlands B17 0JL3
£268.5K04/210.22 mi3, Mill Farm Road, Birmingham, West Midlands B17 0QX3
£277.5K11/220.23 mi31, Mill Farm Road, Birmingham, West Midlands B17 0QX3
£230K09/210.23 mi63, Quinton Road, Birmingham, West Midlands B17 0PJ3
£270K10/210.23 mi73, Quinton Road, Birmingham, West Midlands B17 0PJ3
£230K06/210.24 mi53, Cadleigh Gardens, Birmingham, West Midlands B17 0QB3
£210K11/220.25 mi9, Cadleigh Gardens, Birmingham, West Midlands B17 0QB3
£230K06/230.26 mi45, Bantock Way, Birmingham, West Midlands B17 0LY3
£255K08/220.27 mi22, Underwood Close, Edgbaston, Birmingham, West Midlands B15 2SX3
£150K08/210.28 mi111, Poole Crescent, Birmingham, West Midlands B17 0PE3
£232K11/200.28 mi97, Poole Crescent, Birmingham, West Midlands B17 0PE3
£346K01/210.28 mi85, Grove Lane, Harborne, Birmingham, West Midlands B17 0QT3
£284K12/220.31 mi122, Poole Crescent, Birmingham, West Midlands B17 0PD3
£260K06/230.32 mi144, Poole Crescent, Birmingham, West Midlands B17 0PD3
£222.5K05/230.32 mi122, Quinton Road, Birmingham, West Midlands B17 0QA3
£240K02/220.33 mi23, Roman Way, Birmingham, West Midlands B15 2SL3
£215K04/210.36 mi30, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£197K10/200.36 mi24, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£215K04/210.37 mi30, Ferncliffe Road, Birmingham, West Midlands B17 0QE3
£200K11/200.38 mi28, Kelfield Avenue, Birmingham, West Midlands B17 0QL3
£560K11/220.38 mi17, Stapylton Avenue, Harborne, Birmingham, West Midlands B17 0BA3
£473.8K11/200.4 mi57, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EP3
£458K01/210.4 mi61, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EP3
£228K05/210.41 mi58, Ferncliffe Road, Birmingham, West Midlands B17 0QG3
£280K12/220.41 mi76, Ferncliffe Road, Birmingham, West Midlands B17 0QG3
£487.5K02/210.41 mi7, St Peters Road, Harborne, Birmingham, West Midlands B17 0AT3
£610K07/230.41 mi17, St Peters Road, Harborne, Birmingham, West Midlands B17 0AT3
£485K06/210.42 mi86, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ3
£183K05/230.44 mi262, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6TE3
£317K11/200.46 mi223, Quinton Road, Birmingham, West Midlands B17 0RL3
£331.3K05/230.5 mi204, Corisande Road, Birmingham, West Midlands B29 6RS3
£265K08/230.5 mi184, Corisande Road, Birmingham, West Midlands B29 6RS3
£383.5K03/210.5 mi6, Bull Street, Harborne, Birmingham, West Midlands B17 0HH3
£260K01/210.51 mi26, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH3
£600K11/220.52 mi16, Churchcroft, Birmingham, West Midlands B17 0SL3
£515K01/230.52 mi3, Bull Street, Harborne, Birmingham, West Midlands B17 0HH3
£380K02/210.52 mi50, Wheats Avenue, Birmingham, West Midlands B17 0RJ3
£487K12/220.52 mi36, York Street, Harborne, Birmingham, West Midlands B17 0HG3
£212K03/210.54 mi73, Corisande Road, Birmingham, West Midlands B29 6RR3
£175K03/210.55 mi31, Nately Grove, Birmingham, West Midlands B29 6TD3
£200K09/210.55 mi29, Nately Grove, Birmingham, West Midlands B29 6TD3
£205K12/200.55 mi8, Nately Grove, Birmingham, West Midlands B29 6TD3
£327.5K03/210.56 mi84, Station Road, Harborne, Birmingham, West Midlands B17 9LX3

Local Rents

50 rents from £950/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30004/250.02 mi-3
£1,45012/240.07 miHarborne Park Road, Harborne, B173
£95012/240.14 miMetchley Drive, Birmingham3
£1,30012/240.16 miLynwood Walk, Harborne, Birmingham, B17 0LS3
£1,45512/240.16 miHarborne Park Road, Birmingham3
£1,35002/250.16 mi-3
£1,35002/240.18 mi-3
£1,28501/250.18 mi-3
£2,08012/240.19 miOld Abbey Gardens, B17 0JS3
£1,30012/240.19 miLeeson Walk, Harborne, Birmingham3
£1,45003/250.19 mi-3
£1,20012/240.19 miWoodleigh Avenue, Harborne, Birmingham, B17 0NW3
£1,36512/240.21 mi478 Harborne Park Road, Harborne, Birmingham, West Midlands3
£1,50012/240.21 miMetchley Lane, BIRMINGHAM3
£1,27412/240.21 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,27412/240.22 miGOOD FOR FAMILY £98 PPPW Quinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,27412/240.23 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,43012/240.23 mi38 Cadleigh Gardens, Harborne, Birmingham3
£1,43012/240.23 mi38 Cadleigh Gardens, Harborne, Birmingham3
£1,27412/240.24 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,20012/240.25 miCadleigh Gardens, Harborne, B173
£1,27412/240.26 mi£98 PPPW Quinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,30012/240.26 miBantock Way, Harborne, Birmingham, B17 0LY3
£1,43012/240.27 mi14 Cadleigh Gardens, Harborne, Birmingham3
£1,27412/240.27 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,30012/240.28 miCadleigh Gardens, Birmingham, West Midlands, B17 0QB3
£1,30012/240.28 miCadleigh Gardens, Birmingham, West Midlands, B17 0QB3
£1,25012/240.28 miPoole Crescent, Harborne3
£1,25012/240.28 miPoole Crescent, Harborne3
£1,37512/240.29 miPoole Crescent, Harborne, Birmingham, B17 0PE3
£1,49412/240.29 miPoole Crescent, Birmingham3
£1,17012/240.31 miPoole Crescent, Harborne. 10mins walk to University of Birmingham3
£1,35012/240.31 miPoole Crescent, Harborne, Birmingham, B17 0PB3
£1,23312/240.31 miPoole Crescent, Birmingham3
£1,01412/240.31 mi60 Poole Crescent, B17 0PB3
£1,35011/240.32 mi-3
£1,25003/250.33 mi-3
£1,17512/240.35 miFerncliffe Road, Birmingham, B173
£1,17503/240.35 mi-3
£1,25012/240.36 miBirmingham, B173
£1,25012/240.36 miFerncliffe Road, Birmingham, B173
£1,10011/240.37 mi-3
£1,10012/240.4 miWater Mill Close, Selly Oak, B293
£1,62512/240.41 miLeasow Drive, Birmingham3
£1,12512/240.41 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,59512/240.42 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,40012/240.42 mi55 Vivian Road, Birmingham, B17 0DT3
£1,15012/240.43 miFerncliffe Road, BIRMINGHAM3
£1,58412/240.44 miReservoir Road, Selly Oak, Birmingham3
£99512/240.44 mi171 Reservoir Road, Selly Oak, Birmingham3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.10 miles away

Nearest school

0.40 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £280,000

February 14, 2025

Floor Plans

Description

  • NO CHAIN +
  • Driveway +
  • Porch +
  • Utility Room +
  • Three Bedrooms +
  • Garden +
  • Close to QE Hospital +
  • Ten Minute Walk to Harborne +
  • Watch My Property Video +

This three bedroom semi-detached home offers a fantastic opportunity for buyers looking to put their own stamp on a property. With no onward chain, it features a driveway and a welcoming porch that leads into a cosy yet bright hallway. To the left, a well-sized lounge benefits from plenty of natural light creating a comfortable space to relax. Further down the hall there is a handy small utility area with access to the garden, along with the space for a downstairs W/C, to which one is housed but not in use. The kitchen is both practical and spacious flowing into a separate dining room, perfect for family meals or entertaining. Upstairs, the landing leads to two generous double bedrooms and a third single room offering flexible accommodation. The family bathroom includes a bath providing a space to unwind. Outside, the garden features a patio area with steps leading up to a lawn and double gates at the rear offer the potential for extra parking. There is also a great prospect for an extension with the land to the side, subject to planning of course. In need of modernisation, this home conveniently located home is a blank canvas ready for new owners to make their own. ROOMS: Ground Floor
Porch
Hallway
Lounge
Utility
Downstairs W/C
Kitchen
Dining Room  First Floor
Landing
Bedroom One
Bedroom Two
Bedroom Three
Bathroom Outside
Driveway
Front & Rear Garden

Agent Details

Ashley Would & Partners - Powered by eXp UK, Halesowen

0121 387 3512

Next Steps?

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