4 Bed Detached House, Refurb/BRRR, Sutton Coldfield, B73 5SR, £365,000

3 Silvermead Road, Sutton Coldfield, B73 5SR - 2 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
Planning
~155 m²
+9 photos

ValuationFair Value

Sold Prices£360K - £800K
Sold Prices/m²£2.8K/m² - £6.9K/m²

 

 

Square Metres

~155.43 m²
Price/m²£2.3K/m²

Value Estimate

£368,650

 

 

End Value (After Refurb)

£590,132

Uplift in Value

+62%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£27,700

Refurb Costs

£61,503

Bridging Loan Interest

£9,581

Total Cash In

£191,785

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£590,132

Agent Fees (1%)

£5,901

Bridging Loan

£273,750

Bridging Loan Interest

£9,581

Flip Profit

£118,696

Local Sold Prices

50 sold prices from £360K to £800K, average is £533.8K. £2.8K/m² to £6.9K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£701K10/230.05 mi27, Silvermead Road, Sutton Coldfield, West Midlands B73 5SR4
£425K03/230.09 mi49, Western Road, Sutton Coldfield, West Midlands B73 5SP4
£510K06/210.09 mi22, Western Road, Sutton Coldfield, West Midlands B73 5SP4
£545K12/210.11 mi64, Station Road, Sutton Coldfield, West Midlands B73 5LA4
£580K06/210.17 mi24, Beacon Road, Sutton Coldfield, West Midlands B73 5ST4
£584.5K04/210.17 mi25, Beacon Road, Sutton Coldfield, West Midlands B73 5ST4
£470K04/210.17 mi28, Beacon Road, Sutton Coldfield, West Midlands B73 5ST4
£550K11/210.17 mi52, Frederick Road, Sutton Coldfield, West Midlands B73 5QN4
£612.5K06/210.17 mi38, Frederick Road, Sutton Coldfield, West Midlands B73 5QN4
£570K12/220.17 mi47, Frederick Road, Sutton Coldfield, West Midlands B73 5QN4
£485K05/210.19 mi47, New Church Road, Sutton Coldfield, West Midlands B73 5RP4
£425K04/210.2 mi24, Southam Drive, Sutton Coldfield, West Midlands B73 5PD4
£610K11/200.21 mi31, Mayfield Road, Wylde Green, Sutton Coldfield, West Midlands B73 5QJ4
£475K07/230.21 mi34, Mayfield Road, Wylde Green, Sutton Coldfield, West Midlands B73 5QJ4
£500K11/200.23 mi87, The Boulevard, Sutton Coldfield, West Midlands B73 5JE4
£595.5K01/230.23 mi227, Station Road, Sutton Coldfield, West Midlands B73 5LE4
£578K11/200.23 mi86, The Boulevard, Sutton Coldfield, West Midlands B73 5JG4
£432.5K03/210.23 mi82, Highbridge Road, Sutton Coldfield, West Midlands B73 5QE4
£460K03/210.24 mi43, Sunnybank Road, Sutton Coldfield, West Midlands B73 5RJ4
£525K04/210.24 mi68, Sunnybank Road, Sutton Coldfield, West Midlands B73 5RJ4
£540K01/210.26 mi54, Goldieslie Road, Sutton Coldfield, West Midlands B73 5PG4
£647K02/210.26 mi78, Goldieslie Road, Sutton Coldfield, West Midlands B73 5PG4
£601K04/210.27 mi236, Green Lanes, Wylde Green, Sutton Coldfield, West Midlands B73 5LX4
£460K08/230.29 mi13, Frederick Road, Sutton Coldfield, West Midlands B73 5QW4
£485K03/210.3 mi24, New Church Road, Sutton Coldfield, West Midlands B73 5RT4
£460K03/210.31 mi27, Britwell Road, Sutton Coldfield, West Midlands B73 5SN4
£542.5K07/230.31 mi33, Britwell Road, Sutton Coldfield, West Midlands B73 5SN4
£685K02/210.32 mi208, Birmingham Road, Sutton Coldfield, West Midlands B72 1DD4
£375K01/210.35 mi19, Wakefield Close, Sutton Coldfield, West Midlands B73 5UT4
£545K10/220.35 mi21a, Wakefield Close, Sutton Coldfield, West Midlands B73 5UT4
£565K01/210.36 mi9, Sunnybank Road, Sutton Coldfield, West Midlands B73 5RE4
£490K03/210.39 mi28, The Boulevard, Sutton Coldfield, West Midlands B73 5JQ4
£535K07/230.39 mi8, Heathlands Crescent, Sutton Coldfield, West Midlands B73 5EP4
£532.5K02/210.4 mi1, The Boulevard, Sutton Coldfield, West Midlands B73 5JB4
£667.5K06/210.41 mi262, Boldmere Road, Sutton Coldfield, West Midlands B73 5LW4
£360K04/210.43 mi210, Jockey Road, Sutton Coldfield, West Midlands B73 5XP4
£375K05/210.43 mi202, Jockey Road, Sutton Coldfield, West Midlands B73 5XP4
£385K08/210.43 mi218, Jockey Road, Sutton Coldfield, West Midlands B73 5XP4
£487.5K02/210.43 mi33, Heathlands Road, Sutton Coldfield, West Midlands B73 5DY4
£460K06/230.44 mi14a, Marchmount Road, Sutton Coldfield, West Midlands B72 1EF4
£800K10/230.44 mi2, Kempson Avenue, Sutton Coldfield, West Midlands B72 1HJ4
£507.5K12/200.44 mi122, Green Lanes, Wylde Green, Sutton Coldfield, West Midlands B73 5JH4
£497K02/210.45 mi6, Maddocks Hill, Sutton Coldfield, West Midlands B72 1LZ4
£550K10/220.46 mi270, Boldmere Road, Sutton Coldfield, West Midlands B73 5LW4
£470K12/220.46 mi33, Church Road, Sutton Coldfield, West Midlands B73 5RX4
£452.5K12/200.46 mi42, Hawthorn Road, Wylde Green, Sutton Coldfield, West Midlands B72 1ET4
£725K06/230.46 mi12, Hawthorn Road, Wylde Green, Sutton Coldfield, West Midlands B72 1ET4
£552.5K04/210.47 mi10, Oakhurst Road, Sutton Coldfield, West Midlands B72 1EJ4
£625K11/220.47 mi49, Wylde Green Road, Sutton Coldfield, West Midlands B72 1HD4
£550K08/220.47 mi21, Kempson Avenue, Sutton Coldfield, West Midlands B72 1HL4

Local Rents

12 rents from £1.1K/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,19512/240.08 miWalter Cobb Drive, Sutton Coldfield, West Midlands, B733
£1,30012/240.14 miBeresford Drive, Sutton Coldfield3
£2,50012/240.23 miThe Boulevard, Sutton Coldfield. B73 5JG4
£1,10012/240.29 miAddenbrooke Drive, Sutton Coldfield3
£1,35012/240.38 mi-3
£1,80011/240.38 mi-3
£1,25012/240.45 miSt. Michaels Road, Sutton Coldfield3
£2,35012/240.51 miSt Bernards Road, Sutton Coldfield, West Midlands5
£1,30012/240.55 miJockey Road, Sutton Coldfield. B73 5XL3
£1,60002/240.56 mi-3
£1,90012/240.59 miBoultbee Road, Sutton Coldfield, West Midlands, B723
£1,30012/240.62 miJockey Road, Sutton Coldfield3

Local Area Statistics

Population in B73

23,071

Population in Sutton Coldfield

113,110

Town centre distance

1.57 miles away

Nearest school

0.40 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+40%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £365,000

February 18, 2025

Floor Plans

Description

  • FOR SALE VIA THE MODERN METHOD OF AUCTION +
  • Fabulous opportunity +
  • Traditional detached +
  • 4 bedrooms +
  • 2 reception rooms +
  • Good sized garden +
  • Garage +
  • Much sought after location +
  • Council Tax Band E +

*REQUIRING COMPLETE REFURBISHMENT AND MODERNISATION*

*FOR SALE VIA THE MODERN METHOD OF AUCTION * GUIDE PRICE £365,000 * BIDDING CLOSES TBC * RESERVATION FEE APPLIES *

Situated just off Highbridge Road and enjoying a good sized private garden, backing onto the railway line, this fabulous traditional detached, requiring modernisation and refurbishment throughout, offers a terrific opportunity for improvement and extension (subject to planning permission). Having gas central heating and double glazing, the spacious and very competitively priced property is very accessible for Wylde Green railway station, Sutton Park, great local schools and Boldmere village.

The property briefly comprises; enclosed porch, hall with oak floor, 2 reception rooms with feature fireplaces, kitchen with Worcester combi boiler, covered side area having understairs cupboard, WC, doors to front and rear opening to garage. 4 first floor bedrooms and family bathroom with separate WC.

Front having mature shrub screening, lawn and drive approach, good sized mature rear garden with patio, lawn, hedge and tree screening.

IMPORTANT INFORMATION -
This property is for sale by conditional online auction, also known as the ‘Modern Method of Auction’. The successful bidder is required to pay a non-refundable reservation fee of 3.5% plus VAT or £5,000.00 plus VAT (whichever is higher). Any successful bidder will pay this to secure the property. The reservation fee is in addition to the purchase price. The successful bidder then has 40 working days to exchange legally binding contracts. Generally speaking, Guide Prices, are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure guide. Before proceeding to bid, you need to carry out your due diligence, the Auction Team recommend you inspect all elements of the legal pack, it’s advisable to review the pack with your legal advisor. We also recommend viewing of the property and any surveys and reports need to be carried out prior to bidding.
* FOR BIDDING AND LEGAL INFORMATION PLEASE VISIT HUNTERS.COM/AUCTIONS *

Agent Details

Hunters, Sutton Coldfield

0121 387 6407

Next Steps?

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