2 Bed Terraced House, Refurb/BRRR, Birmingham, B18 5QX, £185,000

Hockley, Birmingham, B18 5QX - 2 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 8%
~68 m²
+16 photos

ValuationOvervalued

Sold Prices£55K - £205K
Sold Prices/m²£821/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£122,600

 

 

End Value (After Refurb)

£172,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£26,800

Bridging Loan Interest

£4,856

Total Cash In

£86,406

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,750

Mortgage (After Refinance)

£129,563

Mortgage LTV

75%

Cash Left In

£86,406

Equity

£43,188

Rent Range

£950 - £2,450

Rent Estimate

£1,415

Running Costs/mo

£843

Cashflow/mo

£572

Cashflow/yr

£6,866

ROI

8%

Gross Yield

9%

Local Sold Prices

49 sold prices from £55K to £205K, average is £130K. £821/m² to £3.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£152.5K01/210.12 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£152.5K01/210.12 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£140K12/200.22 mi1a, Kent Street North, Birmingham, West Midlands B18 5RT2
£165K02/230.25 mi9, Foster Gardens, Birmingham, West Midlands B18 5DJ2
£205K10/220.25 mi44, Whitmore Street, Birmingham, West Midlands B18 5BP2
£145K01/230.25 mi37, Whitmore Street, Birmingham, West Midlands B18 5BP2
£155K03/230.32 mi26, Augustine Grove, Birmingham, West Midlands B18 5HA2
£110K10/200.41 mi39, Richmond Road, Hockley, Birmingham, West Midlands B18 5NH2
£100K11/200.42 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.42 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.42 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£145K06/230.42 mi17, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£131K02/210.46 mi32, Benson Road, Hockley, Birmingham, West Midlands B18 5EB2
£142.5K05/220.48 mi73a, Carlisle Street, Birmingham, West Midlands B18 7EW2
£96K01/210.5 mi203, Bacchus Road, Birmingham, West Midlands B18 4RD2
£122K04/210.5 mi195, Bacchus Road, Birmingham, West Midlands B18 4RB2
£128K06/210.54 mi72, Norman Street, Birmingham, West Midlands B18 7ER2
£115.5K03/210.55 mi36, Willes Road, Birmingham, West Midlands B18 4PY2
£95K09/210.58 mi51, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£112K12/200.58 mi45, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£110K04/230.58 mi43, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£55K08/220.58 mi50, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ2
£97K01/210.62 mi9, Grasmere Road, Birmingham, West Midlands B21 0UP2
£70K06/230.65 mi115, Willes Road, Birmingham, West Midlands B18 4QA2
£125K06/210.67 mi225, Nineveh Road, Birmingham, West Midlands B21 0TA2
£138K12/200.69 mi12, Emily Gardens, Birmingham, West Midlands B16 0ED2
£141K03/220.69 mi28, Cuthbert Road, Birmingham, West Midlands B18 4AG2
£120K04/230.72 mi38, St Marks Crescent, Birmingham, West Midlands B1 2PX2
£130K07/210.73 mi96, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£130K08/220.73 mi92, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£99K11/200.75 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£99K11/200.75 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£148K01/210.75 mi153, Heath Street, Birmingham, West Midlands B18 4DA2
£150K02/210.75 mi157, Heath Street, Birmingham, West Midlands B18 4DA2
£163K07/230.75 mi89, Tew Park Road, Birmingham, West Midlands B21 0TP2
£141K08/220.75 mi29, Beeton Road, Birmingham, West Midlands B18 4QD2
£135K03/230.76 mi60, Tew Park Road, Birmingham, West Midlands B21 0TR2
£127K03/230.76 mi50, Tew Park Road, Birmingham, West Midlands B21 0TR2
£170K07/220.77 mi69, Cuthbert Road, Birmingham, West Midlands B18 4AH2
£136K12/220.79 mi32, Perrott Street, Birmingham, West Midlands B18 4NB2
£122K12/220.79 mi6, Perrott Street, Birmingham, West Midlands B18 4NB2
£84K01/210.8 mi20, Louise Road, Birmingham, West Midlands B21 0RY2
£146K09/210.82 mi2, Summerfield Crescent, Birmingham, West Midlands B16 0EL2
£125K10/210.82 mi119, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SE2
£120K09/220.84 mi16, Wood Green Road, Birmingham, West Midlands B18 4DJ2
£143K07/230.84 mi81, Mary Road, Handsworth, Birmingham, West Midlands B21 0RJ2
£180K05/220.89 mi85, Winson Street, Birmingham, West Midlands B18 4JT2
£160K09/220.96 mi181, Berners Street, Birmingham, West Midlands B19 2DR2
£146.3K09/210.99 mi42, Osler Street, Birmingham, West Midlands B16 9EU2

Local Rents

51 rents from £950/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10004/250.04 mi-2
£1,05012/240.12 miBrookfield Terrace, Brookfield Road, Hockley, Birmingham, West Midlands, B18 7JA2
£97512/240.17 miNorton Street, Birmingham2
£1,05012/240.19 miClaremont Place, Birmingham, B182
£1,05005/240.19 mi-2
£95012/240.19 mi-2
£1,05002/240.19 mi-2
£1,15012/240.19 mi-2
£1,00012/240.19 miThe Moorings, Hockley, Birmingham, B182
£98012/240.19 mi-2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.25 miThe Goodsyard - Jewellery Quarter - B18 2
£99512/240.26 miWaterside Drive, Hockley2
£1,00012/240.27 miRoosevelt House, Hockley, Birmingham2
£1,00012/240.29 miMetalworks Apartment, Warstone Lane, Jewellery Quarter2
£1,10012/240.29 miMetalworks, Jewellery Quarter2
£1,20012/240.29 miMetalworks, Jewellery Quarter2
£2,45012/230.34 mi-2
£2,45002/240.34 mi-2
£1,00012/240.38 mi-2
£1,45004/250.4 mi-2
£1,10002/250.41 mi-2
£1,10002/250.41 mi-2
£1,25002/250.42 miMint Drive, Ickneild Street, Birmingham, B18 62
£1,15012/240.42 miThe Mint, Mint Drive, Jewellery Quarter, B182
£1,20012/240.42 miThe Mint, Mint Drive, Jewellery Quarter, B182
£1,15012/240.42 miThe Mint, Mint Drive, Jewellery Quarter, B182
£1,15012/240.42 miThe Mint, Mint Drive, Jewellery Quarter, B182
£1,15012/240.42 miThe Mint, Mint Drive, Jewellery Quarter, B182
£1,20012/240.43 miThe Mint, Jewellery Quarter, Hockley, Birmingham, West Midlands, B18 6RU2
£1,20012/240.43 miHockley, BIRMINGHAM2
£1,20012/240.43 miHockley, BIRMINGHAM2
£1,15012/240.43 miMint Drive, Birmingham, B182
£1,15012/240.43 miWarstone Lane, Jewellery Quarter, Birmingham, B18 6EA2
£1,15012/240.43 miWarstone Lane, Jewellery Quarter, Birmingham, B18 6EA2
£1,20012/240.43 miWarstone Lane, Jewellery Quarter, Birmingham, B18 6EA2
£1,15012/240.43 miWarstone Lane, Jewellery Quarter, Birmingham, B18 6EA2
£1,20012/240.43 miMint Drive, Birmingham, B182
£1,20012/240.43 miThe Mint, Mint Drive, Jewellery Quarter, B182
£1,20012/240.44 miMint Drive, Birmingham, B182

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £185,000

February 18, 2025

Floor Plans

Description

  • Two bedroom terrace house +
  • Freehold +
  • Gated Driveway +
  • Strong local community +
  • EPC Rating - TBC +
  • Council Tax Band - A +

A charming end of terrace two bedroom house with a patio garden and gated off-street parking ideally situated just a short distance from the City Centre and close to local amenities. This property offers a perfect blend of modern living and traditional charm. Ideal for first-time buyers or investors. Don't miss out on this rare opportunity!

Description
A well proportioned, two bedroom property situated in the sought after area of Hockley just a short distance from the City Centre. Whilst in need of some cosmetic modernisation, the property has a vast array of benefits and boasts a bright and airy atmosphere. The home features an abundance of double-glazed windows that flood each room with natural light, creating a warm and welcoming environment. The spacious lounge provides an ideal setting for relaxing or entertaining guests, while the generously sized kitchen/diner offers ample storage and a perfect space for socialising as you prepare meals. Upstairs, you'll find two well-proportioned double bedrooms, and a family bathroom. Outside the low maintenance rear garden enjoys sun throughout much of the day, making it the perfect backdrop for outdoor gatherings or relaxing in the sunshine. Plus, with the added convenience of a private gated driveway, parking is never a concern. With transportation links within walking distance, this property would make the perfect first time buy or investment.

Location
The location offers proximity to public transport links, nearby schools, local amenities, parks, and walking routes, all within a quiet urban area with a strong local community. Birmingham City Centre is a short distance away providing a vast array of bars, restaurants and shops.

Property Information
Tenure - Freehold
Local Authority - Birmingham City Council
Council Tax Band - A
EPC Rating - TBC

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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