3 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B29 6QE, £250,000

Widney Avenue, Selly Oak, Birmingham, B29 6QE - 2 views - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£160K - £465K
Sold Prices/m²£1.9K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£236,250

 

 

End Value (After Refurb)

£275,958

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£36,835

Bridging Loan Interest

£6,563

Total Cash In

£121,348

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,958

Mortgage (After Refinance)

£206,969

Mortgage LTV

75%

Cash Released

£19,469

Cash Left In

£101,879

Equity

£68,990

Rent Range

£995 - £2,400

Rent Estimate

£1,292

Running Costs/mo

£1,141

Cashflow/mo

£151

Cashflow/yr

£1,815

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £160K to £465K, average is £230K. £1.9K/m² to £5.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£185K04/210.02 mi60, Widney Avenue, Birmingham, West Midlands B29 6QE3
£208.5K04/210.02 mi32, Widney Avenue, Birmingham, West Midlands B29 6QE3
£222K02/210.02 mi14, Widney Avenue, Birmingham, West Midlands B29 6QE3
£180K11/200.02 mi35, Widney Avenue, Birmingham, West Midlands B29 6QE3
£280K12/220.02 mi54, Widney Avenue, Birmingham, West Midlands B29 6QE3
£165K12/200.06 mi51, Strathdene Road, Selly Oak, Birmingham, West Midlands B29 6QB3
£230K05/230.08 mi69, Weoley Avenue, Birmingham, West Midlands B29 6PP3
£280K11/220.08 mi24, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PX3
£302K06/210.08 mi58, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PX3
£345K03/230.08 mi58, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PX3
£244K07/210.12 mi70, Christopher Road, Birmingham, West Midlands B29 6QJ3
£284K11/200.13 mi84, Christopher Road, Birmingham, West Midlands B29 6QJ3
£375K03/220.13 mi137, Weoley Avenue, Birmingham, West Midlands B29 6PU3
£285K04/230.14 mi74, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PY3
£316K02/230.14 mi94, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PY3
£255K02/230.14 mi30, Durley Dean Road, Selly Oak, Birmingham, West Midlands B29 6RZ3
£300K06/230.14 mi38, Durley Dean Road, Selly Oak, Birmingham, West Midlands B29 6RZ3
£275K01/210.15 mi48, Saunton Way, Birmingham, West Midlands B29 6QH3
£260K06/210.15 mi52, Saunton Way, Birmingham, West Midlands B29 6QH3
£230K11/200.16 mi107, Woolacombe Lodge Road, Birmingham, West Midlands B29 6QA3
£235.5K01/230.16 mi110, Gibbins Road, Birmingham, West Midlands B29 6QP3
£188K08/210.18 mi73, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£215K03/210.18 mi53, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£209K02/210.18 mi71, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£275.5K02/230.18 mi25, Falconhurst Road, Birmingham, West Midlands B29 6SB3
£465K06/210.21 mi174, Weoley Park Road, Selly Oak, Birmingham, West Midlands B29 5HA3
£243.5K02/210.21 mi39, Corisande Road, Birmingham, West Midlands B29 6RL3
£311K10/210.22 mi25, Shenley Fields Road, Birmingham, West Midlands B29 5AG3
£212K03/210.23 mi73, Corisande Road, Birmingham, West Midlands B29 6RR3
£200K03/230.24 mi12, Corisande Road, Birmingham, West Midlands B29 6RH3
£331.3K05/230.3 mi204, Corisande Road, Birmingham, West Midlands B29 6RS3
£265K08/230.3 mi184, Corisande Road, Birmingham, West Midlands B29 6RS3
£292K05/210.31 mi136, Lodge Hill Road, Birmingham, West Midlands B29 6NG3
£280K05/230.31 mi90, Lodge Hill Road, Birmingham, West Midlands B29 6NG3
£280K05/230.31 mi126, Lodge Hill Road, Birmingham, West Midlands B29 6NG3
£265K05/210.31 mi105, Lodge Hill Road, Birmingham, West Midlands B29 6NL3
£190K11/200.31 mi44, Minden Grove, Birmingham, West Midlands B29 5HB3
£175K03/210.33 mi31, Nately Grove, Birmingham, West Midlands B29 6TD3
£200K09/210.33 mi29, Nately Grove, Birmingham, West Midlands B29 6TD3
£205K12/200.33 mi8, Nately Grove, Birmingham, West Midlands B29 6TD3
£160K01/210.33 mi488, Alwold Road, Birmingham, West Midlands B29 5TW3
£185K07/230.33 mi43, Fladbury Crescent, Birmingham, West Midlands B29 6PL3
£160K03/210.33 mi17, Fladbury Crescent, Birmingham, West Midlands B29 6PL3
£183K05/230.33 mi262, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6TE3
£160K12/200.35 mi75, Kemberton Road, Birmingham, West Midlands B29 5JW3
£168.4K11/200.35 mi93, Kemberton Road, Birmingham, West Midlands B29 5JW3
£177.5K05/210.36 mi52, Fladbury Crescent, Birmingham, West Midlands B29 6PH3
£215K07/230.36 mi50, Fladbury Crescent, Birmingham, West Midlands B29 6PH3
£227.1K02/210.37 mi93, Wellman Croft, Birmingham, West Midlands B29 6NS3
£200.5K03/210.4 mi22, Rachel Gardens, Birmingham, West Midlands B29 6NY3

Local Rents

50 rents from £995/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,04012/240.06 mi-3
£1,02512/240.09 miWeoley Avenue, Birmingham3
£1,25012/240.14 miDurley Dean Road, B293
£1,10012/240.15 miDurley Dean Road, Selly Oak, Birmingham, B29 6RX 3
£1,20001/250.2 mi-3
£1,15003/250.24 mi-3
£1,39503/240.31 mi-3
£1,62512/240.31 miReservoir Road, Selly Oak3
£1,27503/250.31 mi-3
£1,27504/250.31 mi-3
£1,40412/240.31 miReservoir Road, Selly Oak, Birmingham3
£1,20012/240.31 miMinden Grove, Selly Oak, B293
£1,23312/240.32 miReservoir Road, Selly Oak, Birmingham3
£1,32612/240.32 miReservoir Road, Selly Oak, Birmingham3
£1,23312/240.32 miReservoir Road, Selly Oak, Birmingham3
£1,23312/240.32 miReservoir Road, Selly Oak, Birmingham3
£99512/240.33 mi171 Reservoir Road, Selly Oak, Birmingham3
£1,05012/240.34 miReservoir Road, Selly Oak, Birmingham3
£1,42812/240.35 miReservoir Road, Selly Oak, Birmingham3
£1,42812/240.35 miReservoir Road, Selly Oak, Birmingham3
£1,58412/240.36 miReservoir Road, Selly Oak, Birmingham3
£1,19412/240.38 miReservoir Road, Selly Oak, Birmingham3
£1,20002/240.41 mi-3
£1,20012/240.41 miAlwold Road, Birmingham, B293
£1,56012/240.41 miReservoir Road, Selly Oak - student property3
£1,24812/240.42 miReservoir Road, Selly Oak, Birmingham3
£1,19412/240.42 miReservoir Road, Selly Oak, Birmingham3
£1,10012/240.42 miBurnel Road, Birmingham3
£1,15012/240.42 miPrincethorpe Road, Birmingham3
£1,10012/240.42 miPrincethorpe Road, Birmingham3
£1,71612/240.43 miReservoir Road, Selly Oak, Birmingham3
£1,71612/240.43 miReservoir Road, Selly Oak, Birmingham3
£1,53312/240.43 miReservoir Road, Selly Oak, Birmingham3
£1,29912/240.44 miReservoir Road, Selly Oak, Birmingham3
£1,29912/240.44 miReservoir Road, Selly Oak, Birmingham3
£1,10012/240.45 miWater Mill Close, Selly Oak, B293
£1,18212/240.45 miReservoir Road, Selly Oak, Birmingham3
£1,18212/240.45 miReservoir Road, Selly Oak, Birmingham3
£1,20004/250.45 mi-3
£1,77912/240.45 miGibbins Road, Birmingham3
£1,19412/240.47 miReservoir Road, Selly Oak, Birmingham3
£1,55012/240.47 miElford Road, Harborne3
£1,27512/240.48 miShenley Fields Road, BIRMINGHAM3
£1,37512/240.48 miPoole Crescent, Harborne, Birmingham, B17 0PE3
£1,35012/240.48 miPoole Crescent, Harborne, Birmingham, B17 0PB3
£1,56012/240.49 miReservoir Road, Selly Oak, Birmingham3
£1,10012/240.5 miFrederick Road, Selly Oak, Birmingham, B293
£2,40004/250.5 mi-3
£1,27412/240.51 miQuinton Rd, Harborne. 8-10mins walk to University of Birmingham3
£1,25012/240.51 miPoole Crescent, Harborne3

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

3.52 miles away

Nearest school

0.40 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £250,000

March 25, 2025

Floor Plans

Description

Offering NO UPWARD CHAIN, this attractive SEMI-DETACHED home is located in a cul-de-sac within close proximity to local amenities. Benefitting from THREE BEDROOMED accommodation and DELIGHTFUL FORE & REAR GARDENS, the property is ideally IN NEED OF SOME MODERNISATION & IMPROVEMENT but offers great potential! EPC Rating: D

LOCATION

Selly Oak is one of the most sought after residential areas in South Birmingham due particularly to its close proximity to Birmingham University, the Queen Elizabeth Hospital and Birmingham City Centre. Today the area is a hive of activity hosting many sought after schools including Selly Oak Academy and other facilities and amenities. The area has great transport links into Birmingham City Centre and the surrounding areas via regular road and rail public transport services. Interestingly, the ‘Oak’ element of the name Selly Oak comes from a prominent oak tree that formerly stood on Bristol Road!

SUMMARY

* NO CHAIN!

* Ideal location for access to local amenities including local schools, parks, hospitals, sporting facilities such as Weoley Hill Cricket Club and Harborne Rugby Club, Selly Oak retail park and local transport networks

* Approached via a paved path leading to the property and delightful Foregarden with lawn and variety of mature shrubs and plants

* Porch into Entrance Hallway

* Reception Room to the front with bay window

* Kitchen with an array of wall and base cupboards and drawers, one bowl sink and drainer unit, freestanding electric hob with oven beneath and extractor fan over, plumbing for washing machine, boiler, Understairs Pantry Area and side door into Rear Garden

* Rear Reception Room with pebble effect electric fire with feature surround

* Stairs leading to Landing

* Three Bedrooms to the first floor

* Shower Room with white suite to include low level WC, wash hand basin vanity unit with storage underneath, shower cubicle with Galaxy Aqua 3000 electric shower fitment over, chrome towel rail and storage cupboard

* Pleasant Rear Garden with patio area leading to lawn with a variety of mature shrubs and plants, shed and Garage/Workshop to the rear. There is also secure, gated side access to the Rear Garden

* In need of modernisation

* Viewing highly recommended

GENERAL INFORMATION

Tenure:
The agent understands the property is Freehold.

Council Tax:
Band C.

Agent Details

Oulsnam, Northfield

0121 387 6390

Next Steps?

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