2 Bed Flat, Cash/Bridging Only, Birmingham, B43 7PT, £119,000

Dunbar Grove, Birmingham, B43 7PT - 1 views - a month ago

Leasehold
Cash
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,750

Stamp Duty & Legal Fees

£7,150

Refurb Costs

£26,951

Bridging Loan Interest

£3,124

Total Cash In

£68,725

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£182,440

Agent Fees (1%)

£1,824

Bridging Loan

£89,250

Bridging Loan Interest

£3,124

Flip Profit

£22,641













Local Rents

24 rents from £750/mo to £2.7K/mo, average is £888/mo.

RentDateDistanceAddressBeds 
£95012/240.25 miHorseshoe Cresent, Great Barr, B43 7BL2
£87512/240.27 miDuckery Wood Walk, Birmingham, B432
£1,00002/250.31 mi-2
£90012/240.32 miHorseshoe Crescent, BIRMINGHAM2
£87512/240.47 miCollingwood Drive, Birmingham, B432
£85012/230.74 mi-2
£85012/230.74 mi-2
£85012/230.74 mi-2
£85012/230.74 mi-2
£85012/230.74 mi-2
£85012/230.74 mi-2
£95011/240.74 mi-2
£90012/240.8 miBeasley Grove, Great Barr, Birmingham, B432
£84501/240.81 mi-2
£84501/240.81 mi-2
£1,19501/250.87 mi-2
£99903/250.9 mi-2
£97503/240.92 mi-2
£95001/240.97 mi-2
£2,74512/241.14 mi-2
£2,74512/241.14 mi-2
£85012/241.2 miWalsall Road, Great Barr, BIRMINGHAM2
£75002/241.21 mi-2
£95012/241.23 miKingsland Road, Birmingham. B44 9PT2

Local Area Statistics

Population in B43

28,796

Population in Birmingham

1,034,821

Town centre distance

6.68 miles away

Nearest school

0.30 miles away

Nearest train station

2.08 miles away

 

 

Rental growth (12m)

+22%

Sales demand

Seller's market

Capital growth (5yrs)

+41%

Property History

Listed for £119,000

March 17, 2025

Floor Plans

Description

  • 2 Bedrooms +
  • First Floor Flat +
  • Chain Free +
  • Tenanted for Immediate Investment +
  • Cash Buyers Only +

Bettermove are proud to present this 2 bedroom flat in Birmingham available with no forward chain welcoming cash buyers only. The property is currently tenanted and it will be sold with tenants in situ for immediate investment. Rental yields can be obtained through Bettermove. The property benefits from double glazing, gas central heating throughout. The council tax band is A. This is a leasehold property with 99 years on the lease from 1966; the ground rent and the service charge is £1,600pa. The interior of this beautifully presented property comprises a spacious living room, fitted kitchen, 2 bedrooms and the family bathroom. Located in Birmingham, the property is close to a range of amenities, including shops, supermarkets, restaurants and pubs. Excellent transport connections can be found from the M6, A34 and many local bus routes. This exciting opportunity should not be missed! All enquiries can be made through Bettermove on .

Agent Details

Bettermove, Nationwide

020 3834 8696

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.