2 Bed Terraced House, Refurb/BRRR, Birmingham, B10 9QF, £125,000

20 Grange Road, Birmingham, West Midlands B10 9QF - 2 views - 10 days ago

Auction

Refurb/BRRR

ROI: 11%

66 m²

+15 photos

ValuationOvervalued

Sold Prices	£80K - £188.5K
Sold Prices/m²	£1.2K/m² - £3.2K/m²

Square Metres	66 m²
Price/m²	£1.9K/m²
Value Estimate	£116,025£116,025

End Value (After Refurb)	£127,075£127,075
Uplift in Value	+2%+2%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£7,450£7,450
Refurb Costs	£26,116£26,116
Bridging Loan Interest	£3,281£3,281
Total Cash In	£69,847£69,847

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£127,075£127,075
Mortgage (After Refinance)	£95,306£95,306
Mortgage LTV	75%75%
Cash Released	£1,556£1,556
Cash Left In	£68,291£68,291
Equity	£31,769£31,769
Rent Range	£695 - £3,000£695 - £3,000
Rent Estimate	£1,318
Running Costs/mo	£681£681
Cashflow/mo	£637£637
Cashflow/yr	£7,648£7,648
ROI	11%11%
Gross Yield	13%13%

Local Sold Prices

38 sold prices from £80K to £188.5K, average is £140K. £1.2K/m² to £3.2K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£122K	06/21	0.3 mi	89b, Grange Road, Small Heath, Birmingham, West Midlands B10 9QS	£1,488	82	2	Terraced House
£160K	03/23	0.3 mi	8, Carlton Road, Small Heath, Birmingham, West Midlands B9 5EB	-	-	2	Terraced House
£154.5K	03/21	0.31 mi	4, Kenelm Road, Birmingham, West Midlands B10 9AJ	£2,533	61	2	Semi-Detached House
£130K	02/23	0.31 mi	55, Somerville Road, Small Heath, Birmingham, West Midlands B10 9EN	£1,831	71	2	Terraced House
£80K	03/21	0.33 mi	57, Herbert Road, Small Heath, Birmingham, West Midlands B10 0QT	£1,333	60	2	Semi-Detached House
£175K	10/20	0.33 mi	53, Herbert Road, Small Heath, Birmingham, West Midlands B10 0QT	£2,917	60	2	Semi-Detached House
£140K	05/21	0.33 mi	51, Herbert Road, Small Heath, Birmingham, West Midlands B10 0QT	£2,333	60	2	Semi-Detached House
£155K	10/20	0.39 mi	113, Whitehall Road, Small Heath, Birmingham, West Midlands B9 5EN	£1,782	87	2	Semi-Detached House
£129K	01/21	0.41 mi	399a, Charles Road, Small Heath, Birmingham, West Midlands B9 5HH	£1,925	67	2	Terraced House
£158K	12/22	0.42 mi	371, Charles Road, Small Heath, Birmingham, West Midlands B9 5HH	-	-	2	Terraced House
£114K	07/21	0.49 mi	187, Bordesley Green, Birmingham, West Midlands B9 5EX	£1,606	71	2	Terraced House
£127K	11/20	0.59 mi	453, Green Lane, Small Heath, Birmingham, West Midlands B9 5PP	£1,608	79	2	Terraced House
£130K	07/23	0.6 mi	166, Cherrywood Road, Bordesley Green, Birmingham, West Midlands B9 4UN	-	-	2	Terraced House
£180K	11/20	0.68 mi	10, Mease Croft, Birmingham, West Midlands B9 4PW	£2,997	60	2	Semi-Detached House
£128K	09/21	0.73 mi	46, Pretoria Road, Birmingham, West Midlands B9 5LH	£1,921	67	2	Terraced House
£150K	04/21	0.74 mi	147, Bankes Road, Birmingham, West Midlands B10 9PN	£1,648	91	2	Terraced House
£181K	10/22	0.76 mi	10, Priorygate Way, Birmingham, West Midlands B9 5NF	£3,175	57	2	Terraced House
£126K	10/20	0.78 mi	422, Bordesley Green, Birmingham, West Midlands B9 5NE	£1,680	75	2	Terraced House
£175K	06/23	0.78 mi	86, Pretoria Road, Birmingham, West Midlands B9 5LQ	£1,458	120	2	Terraced House
£100K	02/21	0.78 mi	415, Bordesley Green, Birmingham, West Midlands B9 5RE	-	-	2	Terraced House
£110K	09/21	0.79 mi	246, St Benedicts Road, Small Heath, Birmingham, West Midlands B10 9NG	£1,429	77	2	Terraced House
£136.5K	06/21	0.79 mi	155, Oldknow Road, Small Heath, Birmingham, West Midlands B10 0JA	£1,569	87	2	Terraced House
£115K	10/20	0.8 mi	83, Pretoria Road, Birmingham, West Midlands B9 5LL	£1,438	80	2	Terraced House
£140K	12/22	0.81 mi	194, Oldknow Road, Birmingham, West Midlands B10 0HX	£1,950	72	2	Terraced House
£188.5K	10/22	0.83 mi	210, Bankes Road, Birmingham, West Midlands B10 9PJ	£1,929	98	2	Terraced House
£139K	07/23	0.83 mi	34, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY	£2,106	66	2	Terraced House
£145K	03/23	0.86 mi	234, Oldknow Road, Birmingham, West Midlands B10 0HY	£1,959	74	2	Terraced House
£157K	11/22	0.86 mi	63, Churchill Road, Birmingham, West Midlands B9 5NY	£2,045	77	2	Terraced House
£145K	03/22	0.86 mi	232, Pretoria Road, Birmingham, West Midlands B9 5LG	£1,885	77	2	Semi-Detached House
£163K	05/22	0.86 mi	333, St Benedicts Road, Small Heath, Birmingham, West Midlands B10 9ND	-	-	2	Semi-Detached House
£130K	12/20	0.88 mi	26, Churchill Road, Birmingham, West Midlands B9 5NT	£1,605	81	2	Terraced House
£152K	08/22	0.9 mi	19, Churchill Road, Birmingham, West Midlands B9 5NY	£2,000	76	2	Terraced House
£135K	11/20	0.91 mi	58, Blakeland Street, Birmingham, West Midlands B9 5XG	£1,216	111	2	Semi-Detached House
£161K	02/23	0.91 mi	74, Blakeland Street, Birmingham, West Midlands B9 5XG	£2,776	58	2	Terraced House
£179K	03/23	0.92 mi	179, Monica Road, Small Heath, Birmingham, West Midlands B10 9BN	£2,325	77	2	Terraced House
£145K	06/21	0.93 mi	236, Colonial Road, Bordesley Green, Birmingham, West Midlands B9 5NQ	£1,688	86	2	Terraced House
£120K	12/21	0.97 mi	20, Hams Road, Birmingham, West Midlands B8 1DU	£1,791	67	2	Terraced House
£123K	05/21	0.98 mi	329, Golden Hillock Road, Sparkbrook, Birmingham, West Midlands B11 2QL	£1,323	93	2	Terraced House

Local Rents

52 rents from £695/mo to £3K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,800	04/24	0.25 mi	-	2	Flat
£995	03/25	0.41 mi	-	2	Flat
£1,000	12/24	0.43 mi	-	2	Flat
£1,050	03/24	0.48 mi	-	2	Semi-Detached House
£1,800	01/25	0.52 mi	-	2	Bungalow
£950	03/25	0.59 mi	-	2	Flat
£855	12/24	0.59 mi	-	2	Flat
£1,050	12/24	0.66 mi	Wolseley Street, Bordesley, BIRMINGHAM	2	Flat
£895	02/24	0.68 mi	-	2	Flat
£895	12/24	0.68 mi	Coventry Road, Digbeth, Birmingham, B10	2	Flat
£895	03/24	0.68 mi	-	2	Flat
£895	03/25	0.68 mi	-	2	Flat
£900	12/24	0.74 mi	Keer Court, Birmingham	2	Flat
£900	12/24	0.74 mi	Keer Court, Birmingham	2	Flat
£750	12/24	0.8 mi	Flat 1545-547 Green Lane Small Heath	2	Flat
£1,095	12/24	0.81 mi	Malmesbury Park, Edgbaston, Birmingham, B15 3TY	2	Flat
£695	02/24	0.83 mi	-	2	Flat
£695	02/24	0.83 mi	-	2	Flat
£1,250	12/24	0.86 mi	Apex Lofts, Birmingham	2	Flat
£1,200	12/24	0.86 mi	Apex Lofts, Birmingham	2	Flat
£2,100	06/24	0.86 mi	-	2	Flat
£3,000	03/24	0.86 mi	-	2	Flat
£2,800	03/24	0.87 mi	-	2	Flat
£2,800	03/24	0.87 mi	-	2	Flat
£1,250	12/24	0.87 mi	Apex Lofts, Warwick Street, Digbeth, B12	2	Flat
£950	12/24	0.88 mi	Avoca Court, Moseley Road, Birmingham, B12	2	Flat
£1,250	12/24	0.89 mi	Apex Lofts, Birmingham, West Midlands	2	Flat
£1,250	12/24	0.91 mi	Apex lofts	2	Flat
£1,150	12/24	0.91 mi	Apex Lofts, Warwick Street, Digbeth, B12	2	Flat
£1,250	12/24	0.91 mi	Apex lofts	2	Flat
£1,600	12/24	0.91 mi	Apex Lofts	2	Flat
£1,300	12/24	0.91 mi	Apex lofts, Warwick Street, B12	2	Flat
£1,375	12/24	0.91 mi	Apex lofts	2	Flat
£1,375	12/24	0.91 mi	Apex Lofts, Warwick Street	2	Flat
£1,300	12/24	0.91 mi	Apex lofts	2	Flat
£1,150	12/24	0.91 mi	Apex lofts	2	Flat
£1,375	12/24	0.91 mi	Apex Lofts, Warwick Street	2	Flat
£1,400	12/24	0.91 mi	Warwick Street, Birmingham	2	Flat
£1,300	12/24	0.91 mi	Apex lofts	2	Flat
£1,200	12/24	0.91 mi	Warwick Street, BIRMINGHAM	2	Flat
£1,350	12/24	0.91 mi	Warwick Street, BIRMINGHAM	2	Flat
£1,400	12/24	0.91 mi	Warwick Street, BIRMINGHAM	2	Flat
£1,375	12/24	0.91 mi	Apex Lofts, Warwick Street	2	Flat
£1,250	12/24	0.91 mi	Apex lofts	2	Flat
£1,375	12/24	0.91 mi	Apex Lofts, Warwick Street	2	Flat
£2,400	03/25	0.91 mi	-	2	Flat
£1,300	12/24	0.91 mi	Bradford Street, Hairpin House, B12	2	Flat
£975	04/24	0.91 mi	Avoca Court, Cheapside, Digbeth, B12 0PR	2	Flat
£1,450	12/24	0.92 mi	Flat 439, Hairpin House, 230 Bradford Street, Birmingham, B12	2	Flat
£1,450	12/24	0.92 mi	Flat 439, Hairpin House, 230 Bradford Street, Birmingham, B12	2	Flat
£1,450	12/24	0.92 mi	Flat 801, Hairpin House, 230 Bradford Street, Birmingham, B12	2	Flat
£1,425	12/24	0.92 mi	Flat 439, Hairpin House, 230 Bradford Street, Birmingham, B12	2	Flat

Local Area Statistics

Population in B10	26,00426,004
Population in Birmingham	1,034,8211,034,821
Town centre distance	0.97 miles away0.97 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.65 miles away0.65 miles away

Rental growth (12m)	-14%-14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+53%+53%

Property History

Listed for £125,000

March 13, 2025

Description

Two bedroom mid terrace house +
Rear yard +
In need of modernisation +
Vacant +

StrapLine Auction Sale - 08/04/2025
A two bedroom mid terrace house, benefitting from a rear yard, in need of modernisation, well located for the amenities of Coventry Road and links to Birmingham City Centre. Vacant. By Order of a Housing Association.

Description A two bedroom mid terrace house. Externally the property benefits from an enclosed rear yard. In need of modernisation. Vacant.

Location Birmingham is a city in the West Midlands. Located on Grange Road, close to the turning for Hawkes Street. Amenities are available nearby on Coventry Road with Birmingham City Centre approximately 1.8 miles. Recreational amenities of Small Heath Park and Kingston Hill Local Park are both easily accessible.

Transport Small Heath - West Midlands Railways. Bordesley - West Midlands Railways / Chiltern Railways. Adderley Park - West Midlands Railways.

Accommodation Ground Floor - Two Reception Rooms, Kitchen, WC. First Floor - Two Bedrooms, Bathroom/WC.

Agent Details

Savills Auctions, London

020 3909 6715

Next Steps?

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