3 Bed Terraced House, Refurb/BRRR, Birmingham, B17 9AN, £290,000

Grosvenor Road, Harborne, B17 9AN - 14 views - 2 months ago

Refurb/BRRR
~93 m²
+5 photos

ValuationFair Value

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

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£294,950

 

 

End Value (After Refurb)

£346,722

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£36,724

Bridging Loan Interest

£7,613

Total Cash In

£131,286

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£346,722

Mortgage (After Refinance)

£260,042

Mortgage LTV

75%

Cash Released

£42,542

Cash Left In

£88,745

Equity

£86,681

Rent Range

£950 - £2,175

Rent Estimate

£1,338

Running Costs/mo

£1,371

Cashflow/mo

£-33

Cashflow/yr

£-397

Gross Yield

6%

Local Sold Prices

50 sold prices from £175K to £725K, average is £393K. £2.2K/m² to £5.6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£565K11/220.06 mi7, Oak Close, Birmingham, West Midlands B17 9AW3
£357.5K03/210.06 mi75, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY3
£550K08/230.06 mi107, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY3
£330K06/210.06 mi27, Wood Lane, Harborne, Birmingham, West Midlands B17 9AY3
£345K04/210.07 mi6, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£347K12/200.07 mi14, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£391K06/210.07 mi56, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£382.5K03/230.08 mi37, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£382.5K02/210.08 mi31, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£395K03/210.08 mi81, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£349K05/210.08 mi45, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AL3
£445K03/210.13 mi120, Lordswood Road, Birmingham, West Midlands B17 9BU3
£290K06/230.13 mi30, Earls Court Road, Birmingham, West Midlands B17 9AH3
£336.2K12/200.13 mi41, Earls Court Road, Birmingham, West Midlands B17 9AH3
£399.9K11/220.14 mi14, Grosvenor Road, Harborne, Birmingham, West Midlands B17 9AN3
£175K01/230.17 mi23, White Field Avenue, Birmingham, West Midlands B17 9AJ3
£430K03/230.2 mi129a, Lordswood Road, Birmingham, West Midlands B17 9BH3
£250K03/210.21 mi171, Court Oak Road, Birmingham, West Midlands B17 9AD3
£285K02/210.22 mi119a, Lordswood Road, Birmingham, West Midlands B17 9BH3
£612.5K10/200.27 mi5, Wintney Close, Birmingham, West Midlands B17 8SQ3
£620K11/220.27 mi42, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£575K07/230.27 mi66, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£510K06/210.27 mi40, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£725K04/230.3 mi25, Crosbie Road, Birmingham, West Midlands B17 9BG3
£490K06/210.32 mi44, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£480K07/240.33 mi49, Queens Park Road, Birmingham, West Midlands B32 2LB3
£400K10/200.33 mi101, Queens Park Road, Birmingham, West Midlands B32 2LB3
£497.9K06/240.33 mi113, Queens Park Road, Birmingham, West Midlands B32 2LB3
£430K10/230.33 mi47, Queens Park Road, Birmingham, West Midlands B32 2LB3
£363K12/220.33 mi16, Cockthorpe Close, Birmingham, West Midlands B17 8SD3
£539K12/220.34 mi17, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BN3
£432K06/210.36 mi31, Oaklands Avenue, Birmingham, West Midlands B17 9TU3
£302.5K11/200.36 mi12, Oaklands Avenue, Birmingham, West Midlands B17 9TU3
£330K04/230.37 mi10, Court Oak Grove, Birmingham, West Midlands B32 2HR3
£180K11/230.37 mi25, Court Oak Grove, Birmingham, West Midlands B32 2HR3
£379.9K11/200.37 mi11, Conington Grove, Birmingham, West Midlands B17 9UB3
£452K03/210.38 mi37, Ellesboro Road, Birmingham, West Midlands B17 8PU3
£530K03/230.38 mi33, Ellesboro Road, Birmingham, West Midlands B17 8PU3
£390K11/200.38 mi274, Court Oak Road, Birmingham, West Midlands B32 2EE3
£485K03/210.38 mi80, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SY3
£305K03/230.38 mi3, Tennal Grove, Birmingham, West Midlands B32 2HP3
£270K12/200.38 mi27, Tennal Grove, Birmingham, West Midlands B32 2HP3
£575K03/210.39 mi51, Lordswood Road, Birmingham, West Midlands B17 9QT3
£430K06/210.39 mi49, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£370K10/200.39 mi4, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£455K11/220.39 mi72, Fellows Lane, Birmingham, West Midlands B17 9TX3
£301.5K01/230.41 mi27, Harts Green Road, Birmingham, West Midlands B17 9TZ3
£326K06/230.41 mi187, Tennal Road, Birmingham, West Midlands B32 2HL3
£520K04/210.42 mi11, Martineau Drive, Birmingham, West Midlands B32 2AS3
£255K02/210.42 mi185, Tennal Road, Birmingham, West Midlands B32 2HL3

Local Rents

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

RentDateDistanceAddressBeds 
£1,25012/240.08 miGrosvenor Road, Harborne, BIRMINGHAM, West Midlands, B173
£1,39512/240.14 miGrosvenor Road, Harborne, Birmingham, West Midlands, B17 9AN3
£1,20012/240.17 miHampton Court Road, Birmingham, West Midlands, B173
£1,20012/240.17 miHampton Court Road, Birmingham, West Midlands, B173
£1,20012/240.17 miHampton Court Road, Birmingham, West Midlands, B17 9AF3
£98512/240.21 miCourt Oak Road, Birmingham, B17 9AD3
£1,30012/240.24 miHazeley Close, Harborne, B173
£1,30012/240.24 miHartford Close, Harborne, B173
£1,50612/240.26 miCourt Oak Road, Birmingham3
£1,45011/240.26 mi-3
£1,40012/240.29 miYewcroft Avenue, Harborne, Birmingham, B173
£1,46012/240.35 miMartineau Drive, Birmingham, B323
£1,46012/240.35 mi-3
£1,37512/240.37 miConington Grove, Harborne, Birmingham, B173
£1,75012/240.4 miHarborne Square, Weather Oaks, Harborne3
£1,30012/240.41 miHarts Green Road, BIRMINGHAM3
£1,75012/240.43 miWeather Oaks, Harborne, B173
£1,50012/240.44 mi-3
£1,79504/250.44 mi-3
£1,35012/240.44 miHunstanton Avenue, Harborne, B173
£1,60001/250.45 mi-3
£1,55012/240.48 miHunstanton Avenue, Birmingham, B173
£1,15012/240.48 miThe Circle, Birmingham3
£1,00012/240.49 miShipbourne Close, Quinton, B323
£2,17512/240.49 mi-3
£2,17512/240.49 miCopperbeech Close, Birmingham, B323
£1,15012/240.49 miWelsh House Farm Road, BIRMINGHAM3
£1,30012/240.5 mi-3
£1,10012/240.51 miNorthfield Road, Harborne, Birmingham3
£1,15003/250.52 mi-3
£1,15004/250.52 mi-3
£1,29512/240.53 miPale Lane, Harborne, Birmingham, B17 8RX3
£1,00012/240.53 miTennal Road, Harborne3
£1,20012/240.53 miTennal Road, Birmingham3
£1,05012/240.53 miCapern Grove, BIRMINGHAM3
£1,35012/240.54 miHagley Road West, Smethwick, B673
£1,30012/240.54 mi-3
£1,20001/250.55 mi-3
£95012/240.56 miTennal Road, Quinton, B323
£1,00012/240.56 miWisley Way, Quinton, B323
£1,10012/240.56 miWisley Way, BIRMINGHAM3
£1,59512/240.58 miVicarage Road, Harborne, Birmingham, B173
£1,15012/240.61 miNorthfield Road, Harborne, Birmingham3
£1,10004/250.62 mi-3

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.69 miles away

Nearest school

0.30 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £290,000

February 28, 2025

Listed for £300,000

February 15, 2025

Floor Plans

Description

  • Victorian terrace property +
  • In need of modernisation +
  • Lovely Rear Garden +
  • Located on a popular road in Harborne +
  • Close to Queens Park and high street +
  • No onward chain +

This charming Victorian terrace property, full of potential, is situated on a highly sought after road in Harborne, just a short stroll from the beautiful Queens Park and within easy reach of the bustling high street. Although in need of modernisation, it offers an excellent opportunity to create a stylish and personalised home.

As you enter the property, you are welcomed by a traditional hallway that leads to two generously sized reception rooms, perfect for creating flexible living and dining spaces. The kitchen, located at the rear, provides ample opportunity to be redesigned to suit modern tastes.

Upstairs, the property features three well-proportioned bedrooms, offering plenty of space for a growing family or home office needs. There is also a family shower room, ready to be updated to your own specifications.

Outside, the property benefits from a rear garden, providing a peaceful retreat or an ideal spot for outdoor entertaining. Offered with no onward chain, this home is a fantastic project for buyers looking to make their mark in one of Harborne’s most popular locations.

Agent Details

haart, Harborne

0121 387 6520

Next Steps?

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