2 Bed Terraced House, Refurb/BRRR, Birmingham, B17 0JT, £299,950

Abbey Road, Harborne, Birmingham, B17 0JT - a month ago

Leasehold
Refurb/BRRR
~78 m²
+10 photos

ValuationOvervalued

Sold Prices£172K - £466K
Sold Prices/m²£2.6K/m² - £6.3K/m²

 

 

Square Metres

~78 m²
Price/m²£3.8K/m²

Value Estimate

£263,749

 

 

End Value (After Refurb)

£302,164

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£74,988

Stamp Duty & Legal Fees

£18,695

Refurb Costs

£30,800

Bridging Loan Interest

£7,874

Total Cash In

£134,107

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£302,164

Mortgage (After Refinance)

£226,623

Mortgage LTV

75%

Cash Released

£1,661

Cash Left In

£132,446

Equity

£75,541

Rent Range

£850 - £1,550

Rent Estimate

£1,154

Running Costs/mo

£1,195

Cashflow/mo

£-41

Cashflow/yr

£-493

Gross Yield

5%

Local Sold Prices

51 sold prices from £172K to £466K, average is £285K. £2.6K/m² to £6.3K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£320K12/200.15 mi23, York Street, Harborne, Birmingham, West Midlands B17 0HG2
£395K03/210.15 mi35, York Street, Harborne, Birmingham, West Midlands B17 0HG2
£247K01/210.18 mi32, Greenfield Road, Harborne, Birmingham, West Midlands B17 0EE2
£253K12/200.27 mi1, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£220K01/210.27 mi9, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£261K07/230.27 mi3, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£405K03/210.27 mi73a, Station Road, Harborne, Birmingham, West Midlands B17 9LR2
£375K11/220.29 mi61, Station Road, Harborne, Birmingham, West Midlands B17 9LP2
£400K07/230.29 mi80d, Station Road, Harborne, Birmingham, West Midlands B17 9LX2
£317.5K07/210.3 mi87, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£317.5K07/210.3 mi87, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£267.5K07/210.3 mi109, Clarence Road, Harborne, Birmingham, West Midlands B17 9JY2
£290K05/210.32 mi140, Gordon Road, Harborne, Birmingham, West Midlands B17 9EY2
£273K06/210.33 mi15, North Road, Harborne, Birmingham, West Midlands B17 9PA2
£212.5K08/210.36 mi1, Merryfield Grove, Birmingham, West Midlands B17 0LW2
£290K12/210.4 mi17, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£295K02/210.4 mi61, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£270K08/210.4 mi11, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£270K08/210.4 mi11, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£277.5K02/230.4 mi21, Gordon Road, Harborne, Birmingham, West Midlands B17 9HA2
£345K04/220.4 mi15, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£400K04/220.4 mi27, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£350K04/230.4 mi64, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£250K06/210.42 mi22, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£306K11/200.47 mi126, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HD2
£230K06/210.47 mi442, Harborne Park Road, Birmingham, West Midlands B17 0NG2
£400K02/210.53 mi20, Margaret Grove, Birmingham, West Midlands B17 9JH2
£372K08/210.53 mi36, Margaret Grove, Birmingham, West Midlands B17 9JH2
£380K09/210.53 mi44, Margaret Grove, Birmingham, West Midlands B17 9JH2
£298.5K03/210.53 mi28, St Peters Road, Harborne, Birmingham, West Midlands B17 0AY2
£260K11/200.57 mi30, Victoria Road, Harborne, Birmingham, West Midlands B17 0AH2
£257.5K12/200.58 mi74, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£322K12/200.59 mi7, Park Edge, Birmingham, West Midlands B17 9ER2
£269.5K10/200.59 mi31, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£285K02/210.59 mi5, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AB2
£273K02/210.6 mi82, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£270K04/210.6 mi124, War Lane, Harborne, Birmingham, West Midlands B17 9RR2
£172K11/200.63 mi25, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£229K03/210.63 mi40, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£225K04/210.63 mi24, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£240K08/210.63 mi81, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£270K12/220.63 mi38, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£285K03/230.65 mi63, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AA2
£287K04/210.65 mi20, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£289.3K06/210.65 mi26, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£315K06/230.65 mi34, Hartledon Road, Harborne, Birmingham, West Midlands B17 0AD2
£200K01/230.67 mi105, Quinton Road, Birmingham, West Midlands B17 0PY2
£466K06/230.68 mi43, High Brow, Harborne, Birmingham, West Midlands B17 9EW2
£280K04/210.68 mi39, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2
£315K07/230.68 mi70, Vicarage Road, Harborne, Birmingham, West Midlands B17 0SP2
£238K10/200.69 mi65, Victoria Road, Harborne, Birmingham, West Midlands B17 0AQ2

Local Rents

51 rents from £850/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,18001/250.04 mi-2
£1,49512/240.05 miChestnut Grove, Harborne, Birmingham2
£1,29512/240.05 miAbbey Road, Harborne, Birmingham, B172
£1,29512/240.06 miAbbey Road, Harborne, Birmingham, West Midlands, B17 0JT2
£85012/240.07 miBirch Close, Greenfield Road, Harborne, Birmingham, B17 0EH2
£1,05012/240.07 mi-2
£1,10002/250.08 mi-2
£1,20003/240.14 mi-2
£1,17012/240.14 miGreenfield Road, Harborne, Birmingham2
£1,20012/240.15 miBantock Way, BIRMINGHAM2
£1,25012/240.17 mi-2
£1,25012/240.17 miHigh Street, Harborne2
£1,15012/240.18 miGreenfield Road, Harborne2
£1,10012/240.18 miGreenfield Road, Harborne2
£1,00012/240.18 miHigh Street, Harborne, Birmingham, B172
£1,25012/240.18 mi174-176 High Street, Harborne, Birmingham, B17 9PP2
£1,15012/240.2 miCross Farm Manor, Cross Farm Road, Harborne, B172
£1,39004/250.23 mi-2
£95012/240.23 miHigh Street, Harborne, B172
£97512/240.25 miMetchley Lane, Harborne, Birmingham, B172
£97512/240.25 miMetchley Lane, Harborne, Birmingham, B172
£1,19512/240.25 miHarborne Central, High Street, Harborne2
£1,24512/240.26 miMetchley Lane, Birmingham, B17 0HT2
£1,20004/250.27 mi-2
£1,30012/240.29 miStation Road, Harborne, Birmingham, B172
£1,20012/240.3 miClarence Road, Harborne, B172
£1,29512/240.34 miHigh Street, Harborne2
£1,00002/250.34 mi-2
£1,26512/240.35 miRose Road, Harborne, Birmingham2
£1,00012/240.35 miRose Road, Harborne, Birmingham2
£1,55003/250.36 mi-2
£1,00012/240.4 miGordon Road, Harborne, Birmingham2
£1,10012/240.4 miGordon Road, Harborne2
£1,10002/240.4 mi-2
£1,10012/240.4 miYewdale, Birmingham, B172
£1,10004/250.4 mi-2
£1,10012/240.44 miWoodleigh Avenue, Harborne, B172
£1,09512/240.45 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,35012/240.45 miHarborne Village Apartments, High Street, Harborne, B172
£1,10012/240.46 miRavenhurst Road, Harborne, B172
£1,15012/240.46 miCrofters Court, Edgbaston2
£1,15012/240.46 miCrofters Court, Edgbaston2
£1,20012/240.46 miCrofters Court, Edgbaston2
£1,19512/240.47 miHarborne, B172
£1,35012/240.47 miMoor Pool Avenue, Harborne, Birmingham, B17 9HL2
£1,09512/240.47 miHarborne Park Road, Harborne2
£91012/240.47 miHarborne Park Road - student property2
£1,19512/240.48 miThe Lords, Lordswood Road, Harborne2
£95012/240.51 miFrankley Terrace, Lordswood Road2
£1,50012/240.51 miNursery Road, Edgbaston2
£1,05012/240.52 mi-2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

2.87 miles away

Nearest school

0.10 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £299,950

March 3, 2025

Floor Plans

Description

  • Spacious and Well Presented Ground Floor Apartment +
  • Central Harborne Development near High Street +
  • Two Double Bedrooms +
  • Beautifully Maintained Communal Grounds and a Private Outside Decking Terrace +
  • Allocated Off-Street Parking with Additional Visitors Parking +
  • Excellent Access to QE Medical Complex and Birmingham University +
  • No Upward Chain +
  • EPC Rating - D +

A well presented and spacious ground floor apartment situated in this prime Harborne location, in very close proximity to Harborne High Street. This two bedroom property is beautifully secluded within quiet communal grounds and additionally benefits from wrap-around outside decking and secure underground allocated parking with remote access. Being Sold with No Upward Chain.

The Place is a popular development just off Abbey road, set within private well-maintained grounds and benefiting from double glazing and electric heaters as the primary heating source. The apartment is spaciously proportioned throughout the ground floor, with a secure communal entrance with security video answer phone system.
As you enter the apartment, a useful porch-way offers a storage cupboard and leads into the main hallway that provides access to all accommodation and a further storage cupboard. A spacious lounge-dining room has dual aspect windows to the side and rear with patio doors leading out to the decked wrap-around terrace which overlooks the beautiful grounds and is currently undergoing renovation which will include a balustrade. In addition is a separate fitted kitchen comprising wall and base level units with work surfaces and tiled splash-back, with integrated oven with electric hob and extractor fan. There is also an integrated fridge-freezer, dishwasher and washing machine included. There are two good sized bedrooms including master bedroom which has fitted wardrobes and access to the decked terrace area, and completing the property is a fully tiled shower-room with WC, wash hand basin and walk-in shower cubicle.

The property is situated in this highly desirable road and location, in very close proximity of Harborne High Street offering excellent shopping facilities, award winning restaurants and a fantastic café culture. The property is also in excellent proximity of Queen Elizabeth Medical Complex and Birmingham University, with further convenient transport links into Birmingham City Centre and the surrounding areas

Leasehold Information - We have been advised that the property is a leasehold with approximately 1000 years remaining on the lease, with an annual service charge payable of approximately £2456 with £35 additional ground rent payable. (Please ensure your solicitor verifies the lease and service charge information prior to purchase)

Estate agents operating in the UK are required to conduct Anti-Money Laundering (AML) checks in compliance with the regulations set forth by HM Revenue and Customs (HMRC) for all property transactions. It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed. Our estate agency uses Coadjute’s Assured Compliance service to facilitate the AML checks. A fee will be charged for each individual AML check conducted.

Agent Details

Hunters, Harborne

0121 387 6551

Next Steps?

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