2 Bed Flat, Refurb/BRRR, Birmingham, B17 9AB, £175,000

2 Court Oak Road, B17 9AB - 3 views - 2 months ago

Leasehold
Refurb/BRRR
ROI: 8%
20 m²
+13 photos

ValuationOvervalued

Sold Prices£80K - £277K
Sold Prices/m²£1.7K/m² - £4.9K/m²

 

 

Square Metres

20 m²
Price/m²£8.8K/m²

Value Estimate

£55,484

 

 

End Value (After Refurb)

£135,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£9,950

Refurb Costs

£7,898

Bridging Loan Interest

£4,594

Total Cash In

£67,941

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,750

Mortgage (After Refinance)

£101,813

Mortgage LTV

75%

Cash Left In

£67,941

Equity

£33,938

Rent Range

£895 - £1,800

Rent Estimate

£1,117

Running Costs/mo

£668

Cashflow/mo

£449

Cashflow/yr

£5,393

ROI

8%

Gross Yield

8%

Local Sold Prices

48 sold prices from £80K to £277K, average is £155K. £1.7K/m² to £4.9K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£196K09/210.16 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£215K03/210.19 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.19 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.19 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£82K08/220.23 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£80K05/230.23 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.23 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£268K08/220.42 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£147K08/220.45 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£100K12/200.47 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£150K11/220.49 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£145K01/230.5 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£151K09/210.6 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£130K05/210.7 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£157K02/230.73 mi43, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£142.3K06/210.73 mi37, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£155K02/230.76 mi63, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£170K09/220.77 mi6, Walmead Croft, Birmingham, West Midlands B17 8TH2
£193K11/220.77 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£180K02/230.77 mi18, Spreadbury Close, Birmingham, West Midlands B17 8TQ2
£170K08/210.78 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£115K09/220.78 mi37, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£270K11/220.78 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£175K11/220.79 mi46, Walmead Croft, Birmingham, West Midlands B17 8TH2
£175K08/210.8 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£135K04/210.8 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.8 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£185K05/210.81 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2
£135K11/220.91 mi40, Arosa Drive, Birmingham, West Midlands B17 0SE2
£152K04/230.91 mi28, Arosa Drive, Birmingham, West Midlands B17 0SE2
£160K03/210.91 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.91 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.91 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£255K06/210.92 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.92 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£139K04/210.95 mi45, Arosa Drive, Birmingham, West Midlands B17 0SB2
£140K02/210.95 mi43, Arosa Drive, Birmingham, West Midlands B17 0SB2
£165K03/230.95 mi73, Arosa Drive, Birmingham, West Midlands B17 0SD2
£155K12/220.95 mi39, Arosa Drive, Birmingham, West Midlands B17 0SB2
£155K01/230.95 mi67, Arosa Drive, Birmingham, West Midlands B17 0SD2
£167K11/200.96 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.96 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.96 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.96 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£144.9K06/210.97 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£144.9K06/210.97 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£140K12/200.97 miFlat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£87.5K11/230.97 mi29, First Meadow Piece, Quinton, Birmingham, West Midlands B32 2QJ2

Local Rents

50 rents from £895/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99501/250.05 mi-2
£99903/250.1 mi-2
£97512/240.16 miMilford Road, BIRMINGHAM2
£1,25012/240.17 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£95012/240.19 miFrankley Terrace, Lordswood Road2
£1,05012/240.19 mi-2
£1,25001/250.2 mi-2
£1,08504/250.2 mi-2
£95001/240.21 mi-2
£1,08512/240.21 mi-2
£1,19512/240.21 miThe Lords, Lordswood Road, Harborne2
£1,10012/240.24 miWood Lane, Harborne2
£1,15012/240.24 miThe Square, Harborne, Birmingham2
£1,09512/240.24 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,35012/240.25 miHarborne Village Apartments, High Street, Harborne, B172
£1,10012/240.25 miHartledon Road, Harborne2
£1,10012/240.25 miHartledon Road, Harborne2
£1,20012/240.29 miCarless Avenue, Harborne2
£1,20012/240.29 miCarless Avenue, Harborne, Birmingham, B17 9EQ2
£1,00012/240.3 miCourt Oak Road, Harbrone, B172
£1,20004/250.32 mi-2
£1,05012/240.33 miThe Circle, Harborne, B172
£1,05012/240.33 miThe Circle, Harborne, B172
£1,40012/240.34 miMoor Pool Avenue, Harborne, Birmingham, B17 9DT2
£1,10012/240.36 miRavenhurst Road, Harborne, B172
£1,15002/240.36 mi-2
£1,28012/240.37 miSt Peters Road, Harborne, BIRMINGHAM2
£1,10012/240.39 miHampton Court Road, Harborne2
£1,15012/240.4 miHampton Court Road, Harborne, B172
£1,27503/240.41 mi-2
£1,27512/240.41 miChurchcroft, Harborne, Birmingham, B172
£1,15012/240.41 miCourt Oak Road, Harborne, B172
£1,15012/240.43 miNorthfield Road, Harborne, B172
£1,10012/240.43 miNorthfield Road, Harborne, Birmingham2
£1,00012/240.43 miHampton Court Road, Harborne, Birmingham, B172
£1,00012/240.43 miHampton Court Road, Harborne, Birmingham, B172
£97501/240.44 mi-2
£99512/240.44 miHampton Court Road, Harborne, Birmingham, B17 9AE2
£1,15004/250.44 mi-2
£1,19512/240.44 miHarborne Central, High Street, Harborne2
£1,80004/250.45 mi-2
£89512/240.46 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2
£89512/240.47 miFredas Grove, Harborne, Birmingham, B172
£1,40004/250.48 mi-2
£1,35012/240.48 miMoor Pool Avenue, Harborne, Birmingham, B17 9HL2
£1,00002/250.49 mi-2
£1,10012/240.51 miGreenfield Road, Harborne2
£1,15012/240.51 miGreenfield Road, Harborne2
£1,30012/240.52 miStation Road, Harborne, Birmingham, B172
£1,25012/240.53 mi-2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.48 miles away

Nearest school

0.20 miles away

Nearest train station

1.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £175,000

March 4, 2025

Floor Plans

Description

  • No Upward Chain +
  • Investment Opportunity +
  • Ground Floor +
  • Two Bedrooms +
  • Excellent Location +

Hadleigh Estate Agents are delighted to offer this fantastic two bedroom ground floor flat for sale. Offered with no upward chain the property is currently tenanted however can be sold with vacant possession. Located on Court Oak Road the property is within walking distance to Harborne High Street, offering an array of bars, restaurants and shops. The property also offers excellent transport links into Birmingham City Centre and falls within the catchment area to nearby schools.

Briefly comprising of, residents parking, entrance hall and a guest WC. Spacious lounge, fitted kitchen, two double bedrooms and family bathroom.

Hallway - Laminate flooring, gas central heating radiator, ceiling light point. Intercom system and access to other rooms

Lounge - Laminate flooring, two ceiling light points, gas central heating radiator, double glazed window to side elevation.

Kitchen - A range of base and wall units, partially tiled walls, ceiling light point, sink and drainer unit. Gas hob, oven and extractor hood, plumbing for washing machine and storage cupboard.

Master Bedroom - Laminate flooring, ceiling light point, gas central heating radiator, double glazed window to front elevation and storage cupboard.

Bedroom Two - Laminate flooring, ceiling light point, gas central heating radiator, double glazed window to front elevation and storage cupboard.

Bathroom - Tiled walls, shower over bath, low level flush WC, hand wash basin, towel radiator and ceiling light point.

W.C - Low level flush WC, hand wash basin, ceiling light point.

General Information - David House complex was built on 25th March 1982 with a 189 year lease.
Lease remaining - 147 years
Service charge - £3,000 per annum - this includes buildings insurance, communal electricity/maintenance as well as contribution to any future capital/refurb works
Ground rent - £100 per annum

Agent Details

Hadleigh, Harborne

0121 387 6346

Next Steps?

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