2 Bed Terraced House, Refurb/BRRR, Birmingham, B45 8QN, £160,000

Cliff Rock Road, Rubery, Birmingham, B45 8QN - 1 views - 2 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 2%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£89K - £365K
Sold Prices/m²£1.3K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£164,800
BMV3%

 

 

End Value (After Refurb)

£179,161

Uplift in Value

+12%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£26,951

Bridging Loan Interest

£4,200

Total Cash In

£78,901

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£179,161

Mortgage (After Refinance)

£134,371

Mortgage LTV

75%

Cash Released

£14,371

Cash Left In

£64,530

Equity

£44,790

Rent Range

£750 - £1,200

Rent Estimate

£871

Running Costs/mo

£754

Cashflow/mo

£117

Cashflow/yr

£1,403

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £89K to £365K, average is £179K. £1.3K/m² to £3.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£218K11/220.02 mi204, Cliff Rock Road, Rednal, Birmingham, West Midlands B45 8QN2
£212K06/230.1 mi18, Chadwick Avenue, Rednal, Birmingham, West Midlands B45 8EE2
£220K11/220.12 mi27, Shepley Road, Rednal, Birmingham, West Midlands B45 8SP2
£150K08/210.15 mi85, Shepley Road, Rednal, Birmingham, West Midlands B45 8SP2
£185K02/210.15 mi75, Shepley Road, Rednal, Birmingham, West Midlands B45 8SP2
£165K05/210.15 mi34, Shepley Road, Rednal, Birmingham, West Midlands B45 8SP2
£153K02/210.16 mi80, Corinne Close, Rednal, Birmingham, West Midlands B45 8EJ2
£185K12/220.16 mi20, Eachway Farm Close, Rednal, Birmingham, West Midlands B45 9LQ2
£185K05/210.19 mi6, Fossil Drive, Rednal, Birmingham, West Midlands B45 9PJ2
£175K08/210.21 mi8, Himley Grove, Rednal, Birmingham, West Midlands B45 8TA2
£195K12/220.24 mi6, Leach Heath Lane, Rubery, Birmingham, West Midlands B45 9BU2
£165.5K01/210.27 mi26, Waterhaynes Close, Rednal, Birmingham, West Midlands B45 9LE2
£220K04/230.27 mi54, Ormscliffe Road, Rednal, Birmingham, West Midlands B45 8SY2
£250K02/230.27 mi67, Roseleigh Road, Rednal, Birmingham, West Midlands B45 8SS2
£152K12/200.27 mi61, Roseleigh Road, Rednal, Birmingham, West Midlands B45 8SS2
£160K07/210.29 mi82, Roseleigh Road, Rednal, Birmingham, West Midlands B45 8SR2
£310K04/230.3 mi78, Meadowfield Road, Rubery, Birmingham, Worcestershire B45 9BZ2
£210K06/230.34 mi66, Irwin Avenue, Rednal, Birmingham, West Midlands B45 8QU2
£192K06/210.34 mi42, Beverley Road, Rubery, Birmingham, Worcestershire B45 9JG2
£210K04/230.34 mi22, Beverley Road, Rubery, Birmingham, Worcestershire B45 9JG2
£177.5K10/200.34 mi38, Beverley Road, Rubery, Birmingham, Worcestershire B45 9JG2
£180K11/220.36 mi106, Dowar Road, Rednal, Birmingham, West Midlands B45 8RA2
£201K10/210.41 mi74, Heronswood Road, Rednal, Birmingham, West Midlands B45 8QS2
£170K06/210.44 mi305, Leach Green Lane, Rednal, Birmingham, West Midlands B45 8DR2
£175K11/200.44 mi60, Wolverton Road, Rednal, Birmingham, West Midlands B45 8RN2
£218K02/230.45 mi5, Eachway, Rubery, Birmingham, Worcestershire B45 9DG2
£235K05/230.45 mi41, Eachway, Rubery, Birmingham, Worcestershire B45 9DG2
£140K04/210.47 mi53, Belton Grove, Rednal, Birmingham, West Midlands B45 9PD2
£181.5K04/210.5 mi12, Ryde Park Road, Rednal, Birmingham, West Midlands B45 8RE2
£89K06/210.5 mi14, Ryde Park Road, Rednal, Birmingham, West Midlands B45 8RE2
£95K08/210.54 mi61, Chapel Rise, Rednal, Birmingham, West Midlands B45 9SN2
£157.5K11/200.54 mi16, Brookend Drive, Rubery, Birmingham, Worcestershire B45 9LA2
£90K06/210.57 mi20, Cofton Park Drive, Rednal, Birmingham, West Midlands B45 8DF2
£178K03/210.57 mi50, Cofton Park Drive, Birmingham, West Midlands B45 8DF2
£210K04/230.59 mi23, Rednal Mill Drive, Rednal, Birmingham, West Midlands B45 8XX2
£175K11/200.6 mi93, Rednal Mill Drive, Rednal, Birmingham, West Midlands B45 8XZ2
£265K08/210.6 mi53, Rednal Mill Drive, Rednal, Birmingham, West Midlands B45 8XZ2
£170K06/230.63 mi93, Westwood Drive, Rubery, Birmingham, West Midlands B45 9WF2
£158K07/210.63 mi97, Westwood Drive, Rubery, Birmingham, West Midlands B45 9WF2
£175K07/230.63 mi83, Westwood Drive, Rubery, Birmingham, West Midlands B45 9WF2
£182K08/210.65 mi49, Knowle Close, Rednal, Birmingham, West Midlands B45 8XU2
£365K04/230.65 mi66, Hazel Road, Rubery, Birmingham, Worcestershire B45 9DY2
£175K11/200.65 mi7, Cofton Court, Rednal, Birmingham, West Midlands B45 8XR2
£280K01/210.67 mi49, Beacon Hill, Rednal, Birmingham, Worcestershire B45 9QW2
£300K07/230.67 mi49, Beacon Hill, Rednal, Birmingham, Worcestershire B45 9QW2
£220K01/230.69 mi29, Brookdale Close, Rubery, Birmingham, West Midlands B45 9FH2
£165K07/210.7 mi15, The Avenue, Rubery, Birmingham, Worcestershire B45 9UE2
£136K02/210.7 mi33, The Avenue, Rubery, Birmingham, Worcestershire B45 9UE2
£170K11/210.7 mi23, Brook Road, Rubery, Birmingham, Worcestershire B45 9UH2
£145K03/210.76 mi40, Gannow Manor Gardens, Rubery, Birmingham, West Midlands B45 9SD2

Local Rents

14 rents from £750/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85012/240.17 miLongwood Road, Rednal2
£85012/240.17 miLongwood Road, Rednal2
£77511/230.46 mi-2
£77502/240.46 mi-2
£85003/250.46 mi-2
£85003/250.46 mi-2
£90012/240.52 miRyde Park Road, Rednal, Birmingham, West Midlands, B452
£75012/240.55 miNew Road, Rubery - High Street2
£1,10010/240.56 mi-2
£1,20012/240.58 miCofton Park Drive, Rednal, Birmingham, B45 8DF2
£80012/240.61 miDeelands Road, Birmingham, B452
£95012/240.61 miRednal Mill Drive, Birmingham2
£75012/240.61 miHigh Croft House, New Road, Rubery2
£75012/240.61 miHigh Croft House, New Road, Rubery2

Local Area Statistics

Population in B45

30,271

Population in Birmingham

1,034,821

Town centre distance

7.35 miles away

Nearest school

0.20 miles away

Nearest train station

1.19 miles away

 

 

Rental growth (12m)

+10%

Sales demand

Seller's market

Capital growth (5yrs)

+34%

Property History

Listed for £160,000

February 27, 2025

Floor Plans

Description

  • Viewing highly recommended +
  • In need of modernisation +
  • Two double bedrooms +
  • Lounge +
  • Kitchen +
  • Utility/Office room +
  • Bathroom with separate shower +
  • Driveway & rear garden +
  • No Upward Chain +

We are pleased to introduce a two bedroom mid terraced house in need of refurbishment, a great opportunity for a first time buyer or buy to let investor.

As you approach the property, you'll notice a front driveway that leads to the main entrance. Inside, there is an inner hallway, a front reception room featuring a bay window and a kitchen with a door that provides access to the rear garden. Additionally, there is another room on the ground floor that has potential for use as a utility room or office. Upstairs, you'll find two double bedrooms and a bathroom with a separate shower.

The property requires a complete renovation, the rear garden is a good size, complete with a patio area and a side gate for access to the front.

Cliff Rock Road is well located for Rubery High Street offering a range of convenience stores and within near distance to Cofton Park and the Lickey Hills Country Park. The surrounding areas provide additional shopping, schooling and leisure facilities including Birmingham Great Park and the Longbridge development with excellent shopping, entertainment and restaurants.
Rubery provides good transport links for commuters with easy access to the motorway networks M5, M42 & M6.

Closest Train Stations = Longbridge & Barnt Green

The vendor advises us that the property is FREEHOLD.
Council Tax Band = A (Birmingham)
EPC Rating = D

To comply with Money Laundering regulations, prospective purchasers will be required to produce identification documents. Thank you for your cooperation.

1. This information does not constitute part of any offer or contract.
2. The measurements provided are for guidance only. Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only.
3. Dunedin have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
5. Dunedin has not verified the legal title of the property; buyers must take the necessary steps to obtain verification from their solicitor.

Agent Details

Dunedin Sales & Lettings, Rubery

0121 387 6639

Next Steps?

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