4 Bed Detached House, Refurb/BRRR, Solihull, B91 1RQ, £800,000

Sharmans Cross Road, Solihull, B91 1RQ - 4 views - 2 months ago

Refurb/BRRR
~129 m²
+20 photos

ValuationOvervalued

Sold Prices£325K - £1.3M
Sold Prices/m²£2.8K/m² - £7.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.2K/m²

Value Estimate

£508,414

 

 

End Value (After Refurb)

£795,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£200,000

Stamp Duty & Legal Fees

£52,700

Refurb Costs

£50,800

Bridging Loan Interest

£21,000

Total Cash In

£326,250

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£795,000

Mortgage (After Refinance)

£596,250

Mortgage LTV

75%

Cash Left In

£326,250

Equity

£198,750

Rent Range

£1,325 - £4,499

Rent Estimate

£2,314

Running Costs/mo

£2,967

Cashflow/mo

£-653

Cashflow/yr

£-7,838

Gross Yield

3%

Local Sold Prices

50 sold prices from £325K to £1.3M, average is £642.5K. £2.8K/m² to £7.4K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£625K11/220.08 mi56, Sharmans Cross Road, Solihull, West Midlands B91 1RQ4
£795K03/210.08 mi48, Sharmans Cross Road, Solihull, West Midlands B91 1RQ4
£830K01/210.11 mi10, Birch Tree Grove, Solihull, West Midlands B91 1HD4
£575K03/210.21 mi10, Winterbourne Road, Solihull, West Midlands B91 1LU4
£825K06/210.22 mi26, Welcombe Grove, Solihull, West Midlands B91 1PD4
£1.3M07/230.22 mi16, Welcombe Grove, Solihull, West Midlands B91 1PD4
£666K02/210.22 mi7, Woodlea Drive, Solihull, West Midlands B91 1PE4
£735K11/210.24 mi6, Upwey Avenue, Solihull, West Midlands B91 1LR4
£630K01/210.25 mi11, Stonor Park Road, Solihull, West Midlands B91 1EH4
£700K02/210.25 mi17, Stonor Park Road, Solihull, West Midlands B91 1EH4
£500K11/200.29 mi8, Blackthorne Close, Solihull, West Midlands B91 1PF4
£760K07/230.3 mi6, Bryanston Road, Solihull, West Midlands B91 1EL4
£684K07/230.32 mi9, Claverdon Close, Solihull, West Midlands B91 1QP4
£700K05/210.34 mi20, Dorchester Road, Solihull, West Midlands B91 1LW4
£692.5K04/210.34 mi33, Dorchester Road, Solihull, West Midlands B91 1LW4
£585K11/220.36 mi24, Cheltondale Road, Solihull, West Midlands B91 1EJ4
£615K08/230.37 mi23, Cheltondale Road, Solihull, West Midlands B91 1EJ4
£602K03/210.38 mi14, Ashlawn Crescent, Solihull, West Midlands B91 1PR4
£745K12/210.39 mi25, Poolfield Drive, Solihull, West Midlands B91 1SH4
£700K11/200.39 mi53, Broad Oaks Road, Solihull, West Midlands B91 1HY4
£580K08/210.39 mi87, Broad Oaks Road, Solihull, West Midlands B91 1HY4
£595K11/220.4 mi153, Danford Lane, Solihull, West Midlands B91 1QQ4
£775K09/210.4 mi23, Browns Coppice Avenue, Solihull, West Midlands B91 1PL4
£685K04/230.4 mi20, Browns Coppice Avenue, Solihull, West Midlands B91 1PL4
£430K11/230.4 mi45, Poolfield Drive, Solihull, West Midlands B91 1SH4
£470K11/200.4 mi81, Stonor Park Road, Solihull, West Midlands B91 1EQ4
£572K10/230.4 mi102, Stonor Park Road, Solihull, West Midlands B91 1EQ4
£478K02/210.4 mi90, Stonor Park Road, Solihull, West Midlands B91 1EQ4
£700K08/230.42 mi301, Streetsbrook Road, Solihull, West Midlands B91 1RS4
£461K02/210.43 mi78, Danford Lane, Solihull, West Midlands B91 1QQ4
£1.0M11/220.45 mi48, Silhill Hall Road, Solihull, West Midlands B91 1JU4
£660K07/210.45 mi445a, Streetsbrook Road, Solihull, West Midlands B91 1QZ4
£589.5K08/230.45 mi453, Streetsbrook Road, Solihull, West Midlands B91 1QZ4
£1.3M11/220.46 mi62, Ashlawn Crescent, Solihull, West Midlands B91 1PS4
£764.4K03/210.46 mi49, Ashlawn Crescent, Solihull, West Midlands B91 1PS4
£706K02/230.48 mi16, Miall Park Road, Solihull, West Midlands B91 1ET4
£910K03/230.48 mi44, Silhill Hall Road, Solihull, West Midlands B91 1JU4
£325K01/210.48 mi37, Yoxall Road, Shirley, Solihull, West Midlands B90 3SD4
£436.5K11/230.48 mi45, Yoxall Road, Shirley, Solihull, West Midlands B90 3SD4
£645K05/210.49 mi290, Ralph Road, Shirley, Solihull, West Midlands B90 3LF4
£485K06/230.5 mi47, Cheltondale Road, Solihull, West Midlands B91 1EP4
£598.8K08/230.5 mi53, Cheltondale Road, Solihull, West Midlands B91 1EP4
£448K12/200.52 mi198, Solihull Road, Shirley, Solihull, West Midlands B90 3LG4
£780K03/230.52 mi9, White House Way, Solihull, West Midlands B91 1SR4
£535K01/210.52 mi6, Linwood Road, Solihull, West Midlands B91 1HL4
£515K03/210.53 mi41, Prospect Lane, Solihull, West Midlands B91 1HN4
£640K11/200.53 mi15, Prospect Lane, Solihull, West Midlands B91 1HN4
£705K03/230.53 mi163, Solihull Road, Shirley, Solihull, West Midlands B90 3LQ4
£595K11/200.53 mi33, Swinbrook Way, Shirley, Solihull, West Midlands B90 3LZ4
£595K11/200.55 mi472, Warwick Road, Solihull, West Midlands B91 1AG4

Local Rents

23 rents from £1.3K/mo to £4.5K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.11 miBirch Tree Grove, Solihull4
£1,80012/240.3 miBryanston Road, SOLIHULL3
£1,75012/240.3 miBryanston Road, Solihull, B91 1EL3
£2,50002/240.34 mi-4
£1,95011/240.35 mi-3
£1,95010/240.35 mi-3
£1,32512/240.36 miBroad Oaks Road, Solihull3
£1,45012/240.4 miArley Road, Solihull3
£1,85012/240.43 miAshlawn Crescent, Solihull4
£1,59512/240.47 miDanford Lane , Solihull3
£1,99502/240.47 mi-4
£1,79502/240.47 mi-4
£1,79512/240.47 miBeechwood Park Road, Solihull, B914
£1,65012/240.47 miUfton Close, Shirley4
£3,25012/240.5 miDanford Lane, Solihull5
£3,99801/240.56 mi-4
£3,99801/240.56 mi-4
£4,49912/240.56 mi-4
£3,70012/240.56 miRadbourne Road, Solihull, B904
£3,90012/240.57 miWarwick Road, Solihull, West Midlands, B916
£2,00012/240.58 miRalph Road, Shirley, SOLIHULL4
£1,35012/240.61 miYoxall Road, Shirley3
£1,45004/250.61 mi-3

Local Area Statistics

Population in B91

33,236

Population in Solihull

141,829

Town centre distance

2.92 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £800,000

February 26, 2025

Floor Plans

Description

  • A Well Maintained Detached Family Home in a Most Sought After Location +
  • Situated on a Large Corner Plot Offering Potential for Further Extension STPP +
  • Requiring Modernisation Throughout +
  • Four Double Bedrooms +
  • Two Spacious Reception Rooms +
  • Fitted Breakfast Kitchen & Guest W.C +
  • Four Piece Family Bathroom +
  • Large mature Rear Garden +
  • Garage and In & Out Driveway +
  • No Upward Chain +

A well maintained detached family home situated on a generous corner plot in a most sought after location and offering superb potential for further extension subject to planning consent. Requiring modernisation throughout but benefiting from no upward chain and offering accommodation comprising a welcoming entrance hallway, two spacious reception rooms, breakfast kitchen, guest W.C, four double bedrooms, four piece family bathroom, large mature rear garden, garage and in and out driveway Solihull is situated in the heart of England and is considered to be one of the most highly sought after residential areas in the country boasting a range of local amenities including excellent schools, colleges, parks, restaurants, bars and an excellent variety of shopping centres including Touchwood shopping centre and Resorts World. Solihull has convenient road networks linking the M42, M6, M40, M1 and M5 giving easy access to the NEC Arena, Birmingham International Airport and Railway Station. Property Frontage The property is situated on a generous corner plot and is set back from the road behind an in and out tarmacadam driveway providing off road parking with a laid lawn area and a feature arches entrance with wooden front door leading into Welcoming Entrance Hallway With ceiling light point, radiator, wooden flooring, stairs leading to the first floor accommodation with useful under-stairs storage cupboard and doors leading off to Spacious Triple Aspect Lounge - 5.64m x 3.96m (18'6" x 13'0") With double glazed window to front elevation, two obscure single glazed windows to side, double glazed windows incorporating French doors leading out to the rear garden, two radiators, wall and ceiling light points and a fireplace with marble hearth and surround and electric fire Dining Room to Rear - 5.92m x 3.43m (19'5" x 11'3") With wooden flooring, wall and ceiling light points, two radiators, double glazed bay window overlooking rear garden and fitted cupboards with serving hatch to kitchen Rear Lobby Area With tiled flooring, ceiling light point, fitted storage cupboards, UPVC double glazed door to covered side passage, door to guest W.C and glazed door to Fitted Breakfast Kitchen to Rear - 4.42m x 2.77m (14'6" x 9'1") Being fitted with a range of wall, drawer and base units with complementary work surfaces over, sink and drainer unit with mixer tap and space for freestanding cooker with extractor canopy over. Space and plumbing for dishwasher, space for fridge/freezer, breakfast bar, tiling to splash prone areas and floor, two ceiling light points and a double glazed window to rear Guest W.C With low flush W.C, pedestal wash hand basin, tiled flooring and ceiling light point Gallery Landing With two ceiling light points, double glazed windows to front and side, loft hatch and doors leading off to Dual Aspect Master Bedroom - 5.38m x 3.28m (17'8" x 10'9") With double glazed windows to front and rear elevations, two radiators, two ceiling light points and fitted wardrobes and storage Bedroom Two to Rear - 6.02m x 3.45m (19'9" x 11'4") With double glazed bay window to rear elevation, two radiators, two ceiling light points, wood effect flooring and a range of fitted wardrobes and storage Bedroom Three to Front - 3.78m x 2.54m (12'5" x 8'4") With two double glazed windows to front elevation, radiator, ceiling light point, wood effect flooring and fitted wardrobes and storage Bedroom Four to Rear - 3.15m x 2.74m (10'4" x 9'0") With double glazed window to rear elevation, radiator and ceiling light point Four Piece Family Bathroom to Side - 3.18m x 1.75m (10'5" x 5'9") Being fitted with a four piece white suite comprising a panelled bath with shower attachment, large corner shower enclosure with thermostatic shower, low flush WC and vanity wash hand basin. Tiling to water prone areas, tile effect flooring, two obscure double glazed windows to side, ladder style radiator and ceiling light point Large Mature Rear Garden Being mainly laid to lawn with paved patio, wall, fencing and hedging to boundaries, a variety of mature shrubs, trees and bushes, gated access to property frontage and door to Covered Side Passage With UPVC double glazed door into property and further door to property frontage Garage With an up and over door to property frontage Tenure We are advised by the vendor that the property is freehold. We would advise all interested parties to obtain verification through their own solicitor or legal representative. EPC supplied by Nigel Hodges. Current council tax band – F Property Misdescriptions Act Smart Homes have not tested any equipment, fixtures, fittings or services mentioned and do not by these Particulars or otherwise verify or warrant that they are in working order.  All measurements listed are given as an approximate guide and must be carefully checked by and verified by any Prospective Purchaser. These particulars form no part of any sale contract.  Any Prospective Purchaser should obtain verification of all legal and factual matters and information from their Solicitor, Licensed Conveyancer or Surveyors as appropriate.

Agent Details

Smart Homes Ltd, Shirley

01202 145410

Next Steps?

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