2 Bed Terraced House, Refurb/BRRR, Birmingham, B33 0EQ, £195,000

Yockleton Road, Lea Village, Birmingham, B33 0EQ - 4 views - a month ago

Refurb/BRRR
ROI: 8%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£14.4K - £210K
Sold Prices/m²£1.5K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£159,249

 

 

End Value (After Refurb)

£194,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£10,950

Refurb Costs

£26,951

Bridging Loan Interest

£5,119

Total Cash In

£93,520

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£194,750

Mortgage (After Refinance)

£146,063

Mortgage LTV

75%

Cash Left In

£93,520

Equity

£48,688

Rent Range

£595 - £4,865

Rent Estimate

£1,557

Running Costs/mo

£940

Cashflow/mo

£617

Cashflow/yr

£7,404

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £14.4K to £210K, average is £153K. £1.5K/m² to £3.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£14.4K10/230.03 mi15, Yockleton Road, Birmingham, West Midlands B33 0EG2
£192K11/220.12 mi104, Hurstcroft Road, Birmingham, West Midlands B33 9QU2
£171K01/230.12 mi257, Kitts Green Road, Birmingham, West Midlands B33 9SA2
£142K10/210.13 mi34, Moodyscroft Road, Birmingham, West Midlands B33 0AD2
£188K06/230.17 mi24, Heynesfield Road, Birmingham, West Midlands B33 0AG2
£130K12/200.21 mi9, Eatesbrook Road, Birmingham, West Midlands B33 9TA2
£205K02/230.23 mi34, Wychbold Crescent, Birmingham, West Midlands B33 9SY2
£195K09/230.25 mi12, Teddesley Grove, Birmingham, West Midlands B33 9TL2
£148.5K12/200.25 mi16, Teddesley Grove, Birmingham, West Midlands B33 9TL2
£140K10/220.26 mi60, Sunbeam Way, Birmingham, West Midlands B33 0YN2
£145K01/210.27 mi46, Eatesbrook Road, Birmingham, West Midlands B33 9TB2
£140K02/210.27 mi44, Eatesbrook Road, Birmingham, West Midlands B33 9TB2
£152.5K05/210.28 mi1, Bantams Close, Birmingham, West Midlands B33 0YL2
£165K05/230.28 mi12, Bantams Close, Birmingham, West Midlands B33 0YL2
£120K03/210.28 mi72, Fordfield Road, Birmingham, West Midlands B33 9TN2
£153.5K10/210.28 mi38, Fordfield Road, Birmingham, West Midlands B33 9TN2
£180K02/230.3 mi48, Old Scott Close, Birmingham, West Midlands B33 0YS2
£148K10/200.3 mi48, Old Scott Close, Birmingham, West Midlands B33 0YS2
£140K01/210.3 mi2, Old Scott Close, Birmingham, West Midlands B33 0YS2
£145K01/210.3 mi4, Scout Close, Birmingham, West Midlands B33 0YW2
£140K10/210.31 mi90, Wychbold Crescent, Birmingham, West Midlands B33 9TG2
£200K02/230.33 mi70, Orpwood Road, Birmingham, West Midlands B33 8LL2
£193.5K07/230.33 mi89, Orpwood Road, Birmingham, West Midlands B33 8LL2
£178K10/220.33 mi33, Eddish Road, Birmingham, West Midlands B33 9RN2
£150K12/220.37 mi23, Goldstar Way, Birmingham, West Midlands B33 0YP2
£143K02/210.37 mi1, Goldstar Way, Birmingham, West Midlands B33 0YP2
£155K03/210.37 mi21, Coppenhall Grove, Birmingham, West Midlands B33 9RR2
£134.7K06/210.37 mi37, Holbeach Road, Birmingham, West Midlands B33 8LQ2
£210K02/230.39 mi91, Outmore Road, Birmingham, West Midlands B33 0XJ2
£172K04/230.4 mi26, Birchtrees Drive, Birmingham, West Midlands B33 0AF2
£161K11/200.41 mi181, Gressel Lane, Birmingham, West Midlands B33 9UD2
£158.5K06/210.42 mi48, Outmore Road, Birmingham, West Midlands B33 0XL2
£120K12/220.44 mi134, Lea Hall Road, Birmingham, West Midlands B33 8JT2
£115K01/210.44 mi134, Lea Hall Road, Birmingham, West Midlands B33 8JT2
£160K02/210.44 mi6, Oakmeadow Close, Birmingham, West Midlands B33 0AQ2
£170K11/210.44 mi6, Oakmeadow Close, Birmingham, West Midlands B33 0AQ2
£160K02/210.44 mi6, Oakmeadow Close, Birmingham, West Midlands B33 0AQ2
£145K11/210.45 mi114, Kelynmead Road, Stechford, Birmingham, West Midlands B33 8LE2
£135K11/200.46 mi430, Garretts Green Lane, Sheldon, Birmingham, West Midlands B33 0SF2
£145.6K06/210.46 mi422, Garretts Green Lane, Sheldon, Birmingham, West Midlands B33 0SF2
£175K03/230.5 mi109, Crossfield Road, Birmingham, West Midlands B33 9QB2
£155.2K09/210.58 mi29, Easthope Road, Birmingham, West Midlands B33 9LH2
£195K01/230.58 mi51, Gillscroft Road, Birmingham, West Midlands B33 9PS2
£150K07/230.61 mi11, Yoxall Grove, Birmingham, West Midlands B33 9PX2
£126K03/210.61 mi17, Yoxall Grove, Erdington, Birmingham, West Midlands B33 9PX2
£176K06/230.62 mi10, Flaxton Grove, Birmingham, West Midlands B33 9PD2
£150K04/210.64 mi177, East Meadway, Tile Cross, Birmingham, West Midlands B33 0EN2
£165K07/210.65 mi54, Peplow Road, Birmingham, West Midlands B33 9LN2
£145K01/210.65 mi50, Shirestone Road, Birmingham, West Midlands B33 0DG2
£170K10/230.65 mi9, Hedgley Grove, Birmingham, West Midlands B33 9LR2

Local Rents

11 rents from £595/mo to £4.9K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£59512/240.12 miHurstcroft Road, Birmingham, B332
£90001/250.28 mi-2
£1,00012/240.35 miSherborne Place, Meadway, Kitts Green, B332
£1,00012/240.35 miSherborne Place, Meadway, Kitts Green, B332
£79512/240.36 miEast Meadway, Birmingham2
£85009/240.37 mi-2
£4,86503/240.44 mi-2
£3,97003/240.44 mi-2
£1,10012/240.6 miEast Meadway, Birmingham2
£85012/240.6 miEasthope road, Stechford, B332
£1,20012/240.61 miYoxall Grove, BIRMINGHAM2

Local Area Statistics

Population in B33

34,420

Population in Birmingham

1,034,821

Town centre distance

4.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Seller's market

Capital growth (5yrs)

+49%

Property History

Listed for £195,000

March 6, 2025

Floor Plans

Description

  • End Terrace House +
  • Two Generous Bedrooms +
  • Modern Kitchen & Dining Room +
  • Driveway/Rear Workshop/Garage +
  • Lounge +
  • First Floor Bathroom +
  • No Upward Chain +
  • Requires Some Modernisation +
  • Front & Rear Gardens +
  • Energy Rate Awaiting +

* END OF TERRACE HOUSE * TWO BEDROOMS * MODERN KITCHEN & DINING ROOM * DRIVEWAY * 360 VIRTUAL TOUR AVAILABLE **

This END OF TERRACE HOUSE which has been EXTENDED TO THE REAR but requires some modernisation has LOTS OF POTENTIAL and offers NO UPWARD CHAIN!

CALL OUR YARDLEY OFFICE ON 0121-783-3422 TO ARRANGE A VIEWING TODAY!
The property is accessed via a dropped kerb and leading to a driveway providing parking for your vehicles and leading to a double glazed entrance door with accommodation briefly comprising:-entrance hallway, LOUNGE, MODERN STYLE KITCHEN & DINING ROOM and a FAMILY REAR GARDEN to the ground floor. To the first floor there are TWO BEDROOMS and BATHROOM.
The property benefits from double glazing, central heating where specified and is offered with NO UPWARD CHAIN!
Energy Rate Awaiting

Approach - The property is accessed via a dropped kerb and double gates and leading to:-

Driveway/Front Garden - A driveway providing parking for your vehicles with a brick wall and timber fenced perimeter. The front garden is mainly laid to lawn with border shrubbery leading to a double glazed entrance door:-

Entrance Hall - Staircase to first floor landing. Radiator. A door leading into the ground floor accommodation:-

Lounge - Double glazed window to the front and radiator. Feature fire surround and decorative gas fire.

Modern Kitchen & Dining Room - A range of wall and base units with work surfaces over incorporating a stainless steel, sink and drainer unit with mixer tap over. Appliances include an electric hob and extractor canopy over with separate electric oven. Radiator. Plumbing for a washing machine. Part tiling to the walls and tiled flooring. Ceiling spotlights. Double glazed window to the rear. Double glazed sliding doors to the rear and access to the garden.

First Floor -

Landing - Ceiling Loft Hatch. Double glazed window to the side. Doors leading to first floor accommodation:-

Bedroom One - Double glazed windows to the front and radiator.

Bedroom Two - Double glazed window to the rear and radiator.

Bathroom - Suite comprises of a corner bath unit, separate shower cubicle with an electric shower over, wash basin with storage underneath and low flush WC. Tiling to the walls and flooring. Heated towel rail. Obscure double glazed window to the rear.

Outside -

Rear Garden - Timber fence perimeter with a side gate allowing access to/from the front of the property. The garden is mainly laid to lawn with paved area and path. Border shrubbery. Workshop/Garage.

Agent Details

Prime Estates, Yardley

0121 387 6377

Next Steps?

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