3 Bed Terraced House, Refurb/BRRR, Birmingham, B17 9DR, £425,000

Ravenhurst Road, Harborne, B17 9DR - 4 views - a month ago

Refurb/BRRR
~93 m²
+7 photos

ValuationFair Value

Sold Prices£229.5K - £725K
Sold Prices/m²£2.7K/m² - £6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£430,354

 

 

End Value (After Refurb)

£420,444

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£36,724

Bridging Loan Interest

£11,156

Total Cash In

£187,080

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£420,444

Mortgage (After Refinance)

£315,333

Mortgage LTV

75%

Cash Left In

£187,080

Equity

£105,111

Rent Range

£950 - £2,300

Rent Estimate

£1,477

Running Costs/mo

£1,629

Cashflow/mo

£-152

Cashflow/yr

£-1,827

Gross Yield

4%

Local Sold Prices

50 sold prices from £229.5K to £725K, average is £481.5K. £2.7K/m² to £6K/m², average is £4.6K/m².

PriceDateDistanceAddressBeds 
£425K12/220.05 mi61, Moor Pool Avenue, Birmingham, West Midlands B17 9DS3
£405K04/210.05 mi67, Moor Pool Avenue, Birmingham, West Midlands B17 9DS3
£560K02/210.11 mi41, Park Hill Road, Harborne, Birmingham, West Midlands B17 9SJ3
£520K07/230.12 mi22, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£396K11/220.12 mi10, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£560K11/200.12 mi34, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£478K01/210.12 mi38, Moor Pool Avenue, Birmingham, West Midlands B17 9HN3
£499.9K02/210.12 mi21, Moor Pool Avenue, Birmingham, West Midlands B17 9HL3
£495K05/210.12 mi39, Moor Pool Avenue, Birmingham, West Midlands B17 9HL3
£540K06/210.15 mi7, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SH3
£505K03/210.15 mi19, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£490K03/210.15 mi7, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£445K11/200.15 mi1, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£372K07/230.15 mi15, Margaret Grove, Birmingham, West Midlands B17 9JJ3
£435K01/210.16 mi23, North Gate, Birmingham, West Midlands B17 9EP3
£535K01/230.16 mi30, North Gate, Birmingham, West Midlands B17 9EP3
£430K02/210.16 mi21, North Gate, Birmingham, West Midlands B17 9EP3
£700K06/210.17 mi51, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9TB3
£327.5K03/210.18 mi84, Station Road, Harborne, Birmingham, West Midlands B17 9LX3
£490K04/210.19 mi26, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RE3
£460K06/210.19 mi75, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HH3
£485K03/210.19 mi80, Wentworth Road, Harborne, Birmingham, West Midlands B17 9SY3
£470K01/210.21 mi23, High Brow, Harborne, Birmingham, West Midlands B17 9EW3
£360K03/210.21 mi31, High Brow, Harborne, Birmingham, West Midlands B17 9EW3
£500K10/200.22 mi44, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£478K02/210.22 mi30, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£572.5K06/210.22 mi26, Margaret Grove, Birmingham, West Midlands B17 9JH3
£510K11/200.22 mi32, Margaret Grove, Birmingham, West Midlands B17 9JH3
£550K02/230.23 mi38, High Brow, Harborne, Birmingham, West Midlands B17 9EN3
£430K06/210.23 mi49, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£370K10/200.23 mi4, Wentworth Park Avenue, Harborne, Birmingham, West Midlands B17 9QU3
£389K09/210.23 mi140, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HS3
£450K10/210.24 mi25, Regent Road, Harborne, Birmingham, West Midlands B17 9JU3
£520K03/210.24 mi57, Regent Road, Harborne, Birmingham, West Midlands B17 9JU3
£450K02/210.24 mi12, Regent Road, Harborne, Birmingham, West Midlands B17 9JU3
£539K12/220.25 mi17, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BN3
£387.5K03/210.26 mi1, Regent Road, Harborne, Birmingham, West Midlands B17 9JU3
£551K06/210.27 mi61, Pereira Road, Birmingham, West Midlands B17 9JB3
£450K10/200.27 mi45, Pereira Road, Birmingham, West Midlands B17 9JB3
£345K11/220.28 mi94, Gordon Road, Harborne, Birmingham, West Midlands B17 9EY3
£490K06/210.29 mi44, Carless Avenue, Harborne, Birmingham, West Midlands B17 9BW3
£725K04/230.29 mi25, Crosbie Road, Birmingham, West Midlands B17 9BG3
£575K03/210.29 mi51, Lordswood Road, Birmingham, West Midlands B17 9QT3
£575K05/210.3 mi145, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£383K03/210.3 mi151, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£437.5K01/210.3 mi159, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HE3
£485K06/210.31 mi86, Vivian Road, Harborne, Birmingham, West Midlands B17 0DJ3
£500K02/230.32 mi132, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HD3
£229.5K12/200.32 mi52, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB3
£400K11/200.33 mi47, Clarence Road, Harborne, Birmingham, West Midlands B17 9LA3

Local Rents

38 rents from £950/mo to £2.3K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.09 miPark Hill Road, Harborne, B173
£1,15012/240.12 miThe Circle, Birmingham3
£1,60012/240.17 miStation Road, Harborne, Birmingham, B17 9LX3
£1,30012/240.21 miGordon Road, Harborne, Birmingham3
£1,42512/240.24 miRegent Road, Harborne, Birmingham, B17 9JU3
£1,75012/240.24 miHigh Street, Harborne, Birmingham, West Midlands, B17 9QG3
£1,65012/240.25 miRegent Road, Harborne, Birmingham, B17 9JU3
£1,45012/240.25 mi-3
£1,45012/240.25 miGordon Road, Birmingham, B173
£1,45012/240.25 miGordon Road, Birmingham, B173
£2,30012/240.26 miGreenfield Road, Harborne, Birmingham, B17 0ES3
£1,40012/240.3 mi55 Vivian Road, Birmingham, B17 0DT3
£1,12512/240.31 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,59512/240.33 miGreenfield Road, Harborne, Birmingham, B17 0EE3
£1,70012/240.34 miBull Street, Harborne3
£1,70012/240.34 miBull Street, Harborne, Birmingham3
£1,70012/240.34 miBull Street, Harborne, B173
£1,40004/250.36 mi-3
£1,75012/240.37 miHarborne Square, Weather Oaks, Harborne3
£1,25012/240.37 miBull Street, Harborne3
£1,50612/240.39 miCourt Oak Road, Birmingham3
£1,62512/240.39 miYork Street, Birmingham, B173
£1,67512/240.39 mi34 York Street, Birmingham, B17 0HG3
£1,75012/240.42 miWeather Oaks, Harborne, B173
£1,45012/240.43 miThe Farthings, Metchley Lane, Harborne3
£1,40012/240.47 miYewcroft Avenue, Harborne, Birmingham, B173
£1,25012/240.5 miMalt Close, Harborne, Birmingham3
£1,30012/240.51 miMalt Close, Harborne, Birmingham, B173
£1,30012/240.52 miBantock Way, Harborne, Birmingham, B17 0LY3
£1,45003/250.52 mi-3
£1,35002/240.55 mi-3
£1,28501/250.55 mi-3
£95012/240.59 miMetchley Drive, Birmingham3
£1,39512/240.6 miGrosvenor Road, Harborne, Birmingham, West Midlands, B17 9AN3
£1,30012/240.6 miLeeson Walk, Harborne, Birmingham3
£1,25012/240.6 miGrosvenor Road, Harborne, BIRMINGHAM, West Midlands, B173
£1,55012/240.61 miAugustus Road, Edgbaston, B153
£1,59512/240.61 miVicarage Road, Harborne, Birmingham, B173

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.13 miles away

Nearest school

0.20 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £425,000

March 6, 2025

Floor Plans

Description

  • No chain +
  • Downstairs WC +
  • Sought after location on Moor Pool Estate +
  • Lean-to +
  • Good transport links +

This delightful property is worthy of your immediate attention and offered with no chain! An impressive end-terraced house situated in the conservation area of the Moor Pool Estate.

In need of some TLC, this three bedroom family home will allow anyone lucky enough to buy it to put their own stamp upon it. As soon as you step inside this property we are sure that you will be excited at the prospect of what this house could offer. Sit in the light and airy lounge watching your favourite programmes on television. You may choose to extend at the back and create your own kitchen, dining and family area which is very much the fashion these days and would make an ideal entertaining space. You should, however, always check with an architect and the relevant authorities before putting any such plans into action. The property also has a lean-to and downstairs WC. Upstairs, you have the shower room. Two bedrooms are of a good size and there's a further single bedroom which could be used as a study. Outside the garden is laid to lawn and easily maintained.

For those of you unfamiliar with the area, the property is within easy reach to QE Hospital, Harborne High Street and local shops and amenities. There are also some highly regarded private and state schools close by. We could go on and on, but to fully appreciate the potential that this home offers, an internal viewing will be required. We look forward to your call.

ROOM SIZES:

GROUND FLOOR
Hallway
Lounge: 14' 10" x 12' 3" (4.52m x 3.73m)
Kitchen: 12' 2" x 11' 9" (3.71m x 3.58m)
WC/Utility: 6' 2" x 5' 0" (1.88m x 1.52m)
Lean-to: 18' 3" x 4' 4" (5.56m x 1.32m)
Store

FIRST FLOOR
Landing
Store
Bedroom One: 12' 2" x 10' 8" (3.71m x 3.25m)
Bedroom Two: 12' 3" x 8' 10" (3.73m x 2.69m)
Bedroom Three: 9' 0" x 8' 11" (2.74m x 2.72m)
Shower Room: 9' 3" x 3' 10" (2.82m x 1.17m)

OUTSIDE
Front Garden
Rear Garden

Agent Details

Martin & Co, Harborne

0121 387 6333

Next Steps?

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