3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B24 8HR, £220,000

201 Wheelwright Road, Birmingham, West Midlands B24 8HR - 3 views - a month ago

Sold STC
Refurb/BRRR
ROI: 2%
127 m²
+16 photos

ValuationFair Value

Sold Prices£15.8K - £296K
Sold Prices/m²£185/m² - £3.2K/m²

 

 

Square Metres

127 m²
Price/m²£1.7K/m²

Value Estimate

£222,200

 

 

End Value (After Refurb)

£258,974

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£50,254

Bridging Loan Interest

£5,775

Total Cash In

£124,979

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£258,974

Mortgage (After Refinance)

£194,230

Mortgage LTV

75%

Cash Released

£29,230

Cash Left In

£95,749

Equity

£64,743

Rent Range

£850 - £3,350

Rent Estimate

£1,356

Running Costs/mo

£1,100

Cashflow/mo

£256

Cashflow/yr

£3,066

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £15.8K to £296K, average is £185.5K. £185/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£160K12/200.01 mi209, Wheelwright Road, Birmingham, West Midlands B24 8HR3
£186K09/210.05 mi398, Tyburn Road, Birmingham, West Midlands B24 8HP3
£172K10/200.09 mi26, Alleyne Road, Birmingham, West Midlands B24 8EL3
£155K05/210.09 mi19, Bracebridge Road, Birmingham, West Midlands B24 8JQ3
£200K10/200.1 mi162, Wheelwright Road, Birmingham, West Midlands B24 8HB3
£155K11/210.12 mi29, Alleyne Road, Birmingham, West Midlands B24 8EJ3
£210K07/210.15 mi2, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£198K10/210.15 mi25, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£225K09/230.15 mi23, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£215K02/230.15 mi468, Tyburn Road, Birmingham, West Midlands B24 8EE3
£215K10/230.15 mi474, Tyburn Road, Birmingham, West Midlands B24 8EE3
£212K05/230.15 mi460, Tyburn Road, Birmingham, West Midlands B24 8EE3
£172.5K09/210.18 mi75, Bracebridge Road, Birmingham, West Midlands B24 8JG3
£185K05/230.2 mi37, Tonbridge Road, Birmingham, West Midlands B24 8ED3
£281K11/210.24 mi33, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£15.8K12/230.25 mi33, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£180K07/210.25 mi27, Erdington Hall Road, Birmingham, West Midlands B24 8JN3
£257K01/230.25 mi54, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£235K07/230.25 mi46, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£285K05/210.26 mi35, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£260K07/230.26 mi106, Wheelwright Road, Birmingham, West Midlands B24 8PD3
£223K01/230.27 mi69, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£225K10/200.27 mi77, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£172.5K11/220.28 mi120, Croydon Road, Erdington, Birmingham, West Midlands B24 8JL3
£260K02/230.3 mi150, Erdington Hall Road, Birmingham, West Midlands B24 8JD3
£175K01/210.32 mi68, Downside Road, Birmingham, West Midlands B24 8PH3
£135K09/210.32 mi276, Tyburn Road, Birmingham, West Midlands B24 8LT3
£140K06/210.32 mi63, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR3
£150K01/210.36 mi181, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£167K03/210.36 mi153, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£175K06/230.37 mi190, Hawkesyard Road, Birmingham, West Midlands B24 8LH3
£217K03/230.39 mi25, St Dominics Road, Birmingham, West Midlands B24 8LL3
£290K05/230.4 mi31, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£260K06/220.4 mi29, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£220K06/210.4 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£267K12/220.4 mi19, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£150K01/210.41 mi197, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QX3
£160.5K08/210.41 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£296K01/230.43 mi194, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QY3
£100K04/230.46 mi96, Hawkesyard Road, Birmingham, West Midlands B24 8LF3
£86K05/230.47 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3
£177K04/230.47 mi71, Hawkesyard Road, Birmingham, West Midlands B24 8LP3
£139K07/210.5 mi14, Bisley Grove, Birmingham, West Midlands B24 9RD3
£210K08/230.51 mi161, Wood End Road, Erdington, Birmingham, West Midlands B24 8BL3
£170K04/230.55 mi130, Minstead Road, Birmingham, West Midlands B24 8PX3
£140K06/210.55 mi40, Hawkesyard Road, Birmingham, West Midlands B24 8LE3
£192.5K01/230.56 mi71, Round Road, Birmingham, West Midlands B24 9QY3
£210K01/230.58 mi111, Wood End Road, Erdington, Birmingham, West Midlands B24 8BH3
£147K03/210.6 mi52, Firtree Road, Birmingham, West Midlands B24 9SH3
£160K02/210.6 mi32, Firtree Road, Birmingham, West Midlands B24 9SH3

Local Rents

11 rents from £850/mo to £3.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.05 miTyburn Road, Erdington3
£1,10012/240.25 miAnsell Road, Erdington3
£1,27503/250.4 mi-3
£99512/240.4 miTyburn Road, Birmingham3
£1,20012/240.41 mi-3
£1,20002/240.41 mi-3
£1,25012/240.41 mi-3
£85012/240.55 miMinstead Road,Erdington,Birmingham,B243
£3,35002/240.57 mi-3
£1,20002/250.59 mi-3
£1,40012/240.61 mi-3

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

3.53 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £220,000

March 6, 2025

Description

  • SPACIOUS FAMILY HOME +
  • OFFERING HUGE POTENTIAL +
  • NO UPWARD CHAIN +
  • THREE GENEROUS BEDROOMS +
  • USEABLE LOFT SPACE +
  • TWO AMPLE RECEPTION ROOMS +
  • CONSERVATORY +
  • L SHAPED KITCHEN/DINER +
  • PRIVATE SOUTHERLY GARDEN +
  • PARKING POTENTIAL TO FRONT AND REAR +

*SPACIOUS*OFFERING HUGE POTENTIAL***TWO AMPLE RECEPTION ROOMS***KITCHEN/BREAKFAST ROOM***CONSERVATORY***THREE GENEROUS BEDROOMS***USEABLE LOFT SPACE***PRIVATE SOUTHERLY REAR GARDEN***POTENTIAL PARKING TO FORE AND REAR***CONVENIENT LOCATION***NO UPWARD CHAIN A fantastic opportunity to purchase this spacious, semi detached family home in need of some modernisation but offering huge potential, conveniently located to amenities, transport links and Birmingham City Centre. Accommodation in brief comprises, enclosed entrance porch, entrance hallway, two ample reception rooms, L Shaped kitchen/breakfast room, conservatory, three generous bedrooms, family bathroom and useable loft space. Outside is a private southerly facing rear garden, there is an access road to the rear giving the opportunity for secure, parking. There are gardens to the fore with the opportunity for a driveway (subject to permission). The property benefits from having NO UPWARD CHAIN.

Agent Details

Home4.co.uk, Great Barr

0121 387 6400

Next Steps?

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