3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B24 8JD, £190,000

Erdington Hall Road, Erdington, Birmingham, B24 8JD - 2 views - 18 days ago

Refurb/BRRR
ROI: 5%
~93 m²
+24 photos

ValuationFair Value

Sold Prices£15.8K - £296K
Sold Prices/m²£185/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£191,096

 

 

End Value (After Refurb)

£189,642

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£36,800

Bridging Loan Interest

£4,988

Total Cash In

£101,738

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£189,642

Mortgage (After Refinance)

£142,232

Mortgage LTV

75%

Cash Left In

£101,738

Equity

£47,411

Rent Range

£850 - £3,350

Rent Estimate

£1,310

Running Costs/mo

£875

Cashflow/mo

£435

Cashflow/yr

£5,224

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £15.8K to £296K, average is £199K. £185/m² to £2.9K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£260K02/230.01 mi150, Erdington Hall Road, Birmingham, West Midlands B24 8JD3
£285K05/210.08 mi35, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£290K05/230.11 mi31, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£260K06/220.11 mi29, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£267K12/220.11 mi19, Lyndhurst Road, Birmingham, West Midlands B24 8QR3
£281K11/210.11 mi33, Shepherds Green Road, Birmingham, West Midlands B24 8EX3
£172.5K09/210.14 mi75, Bracebridge Road, Birmingham, West Midlands B24 8JG3
£260K07/230.14 mi106, Wheelwright Road, Birmingham, West Midlands B24 8PD3
£150K01/210.15 mi197, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QX3
£210K07/210.16 mi2, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£198K10/210.16 mi25, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£225K09/230.16 mi23, Ryland Road, Erdington, Birmingham, West Midlands B24 8JH3
£172.5K11/220.16 mi120, Croydon Road, Erdington, Birmingham, West Midlands B24 8JL3
£223K01/230.17 mi69, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£225K10/200.17 mi77, Wheelwright Road, Birmingham, West Midlands B24 8PE3
£296K01/230.18 mi194, Kingsbury Road, Erdington, Birmingham, West Midlands B24 8QY3
£155K05/210.21 mi19, Bracebridge Road, Birmingham, West Midlands B24 8JQ3
£200K10/200.23 mi162, Wheelwright Road, Birmingham, West Midlands B24 8HB3
£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
£235K07/230.26 mi46, Ansell Road, Erdington, Birmingham, West Midlands B24 8LU3
£175K01/210.26 mi68, Downside Road, Birmingham, West Midlands B24 8PH3
£175K06/230.26 mi190, Hawkesyard Road, Birmingham, West Midlands B24 8LH3
£150K01/210.27 mi181, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£167K03/210.27 mi153, Hawkesyard Road, Birmingham, West Midlands B24 8LJ3
£172K10/200.28 mi26, Alleyne Road, Birmingham, West Midlands B24 8EL3
£155K11/210.28 mi29, Alleyne Road, Birmingham, West Midlands B24 8EJ3
£220K06/210.28 mi19, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JT3
£160K12/200.3 mi209, Wheelwright Road, Birmingham, West Midlands B24 8HR3
£210K08/230.3 mi161, Wood End Road, Erdington, Birmingham, West Midlands B24 8BL3
£140K06/210.31 mi63, Bromford Lane, Erdington, Birmingham, West Midlands B24 8JR3
£186K09/210.32 mi398, Tyburn Road, Birmingham, West Midlands B24 8HP3
£210K01/230.33 mi111, Wood End Road, Erdington, Birmingham, West Midlands B24 8BH3
£135K09/210.34 mi276, Tyburn Road, Birmingham, West Midlands B24 8LT3
£240K05/230.35 mi29, Jaffray Road, Birmingham, West Midlands B24 8AZ3
£185K05/230.35 mi37, Tonbridge Road, Birmingham, West Midlands B24 8ED3
£217K03/230.36 mi25, St Dominics Road, Birmingham, West Midlands B24 8LL3
£147.5K11/200.37 mi45a, Gravelly Hill North, Erdington, Birmingham, West Midlands B23 6BT3
£215K02/230.37 mi468, Tyburn Road, Birmingham, West Midlands B24 8EE3
£215K10/230.37 mi474, Tyburn Road, Birmingham, West Midlands B24 8EE3
£212K05/230.37 mi460, Tyburn Road, Birmingham, West Midlands B24 8EE3
£160K12/210.41 mi4, Oxted Croft, Birmingham, West Midlands B23 6BS3
£281K12/200.42 mi25, Rollason Road, Birmingham, West Midlands B24 9BJ3
£100K04/230.42 mi96, Hawkesyard Road, Birmingham, West Midlands B24 8LF3
£160.5K08/210.44 mi35, Belvedere Road, Birmingham, West Midlands B24 9RN3
£177K04/230.44 mi71, Hawkesyard Road, Birmingham, West Midlands B24 8LP3
£130K03/210.45 mi29, Deakin Road, Birmingham, West Midlands B24 9AJ3
£215K12/220.45 mi29, Lansdowne Road, Erdington, Birmingham, West Midlands B24 8AR3
£86K05/230.46 mi2, Glenthorne Road, Birmingham, West Midlands B24 9RB3

Local Rents

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

RentDateDistanceAddressBeds 
£1,10012/240.26 miAnsell Road, Erdington3
£1,10012/240.32 miTyburn Road, Erdington3
£1,20002/240.35 mi-3
£1,25012/240.35 mi-3
£1,27503/250.38 mi-3
£1,20004/250.46 mi-3
£85012/240.48 miMinstead Road,Erdington,Birmingham,B243
£99512/240.48 miTyburn Road, Birmingham3
£1,30012/240.48 miElder Way, Birmingham3
£1,20012/240.48 mi-3
£1,25004/250.5 mi-3
£1,25012/240.56 mi-3
£1,40003/240.58 mi-3
£1,40012/240.58 miNewman Road, Birmingham, B243
£1,40012/240.61 mi-3
£1,00003/240.61 mi-3
£1,00003/240.61 mi-3
£1,00003/240.61 mi-3
£3,35002/240.62 mi-3

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

3.71 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £190,000

March 22, 2025

Floor Plans

Description

  • Entrance hall +
  • Two reception rooms +
  • Kitchen +
  • Three good bedrooms +
  • Bathroom & WC +
  • C/heating & part D/glazing +
  • Garage & driveway +
  • Lengthy rear garden +
  • Scope to improve/develop +
  • EPC rating D +

A Traditional three bedroom semi detached family home in need of modernisation whilst offering great scope for redevelopment/extension, subject to relevant permissions. Existing features and benefits include two reception rooms, three good size bedrooms, first floor bathroom, garage and driveway, lengthy rear garden in need of restoration, outside WC, no upward chain and popular location for access to local schools, commuter routes and public transport. Gravelly Hill Cross City Line Railway Station and various major bus connections within 850m/0.5 miles. Erdington Hall Primary School 230m/0.1 miles. Erdington Academy rear entrance 400m/0.2 miles. M6 Junction 6/A38 (M) Aston Expressway 1.5km/0.9 miles by vehicle. Council Tax Band: C. Tenure: Freehold.

Descriptions, floor plans, measurements and photographs of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquiries to ensure that our descriptions, floor plans, measurements and photographs are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection and by your surveyor and conveyancer. Measurements supplied are for general guidance only and as such should be considered as incorrect. Tenure must be confirmed via solicitors. ALL IMAGES ARE PROPERTY OF WALLER & FARNWORTH LTD.

Agent Details

Waller & Farnworth, Birmingham

0121 387 6585

Next Steps?

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