3 Bed Terraced House, Refurb/BRRR, Birmingham, B18 5JT, £190,000

St. Michaels Hill, Hockley, B18 5JT - 2 views - 20 days ago

Refurb/BRRR
ROI: 7%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£100K - £270K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£160,487

 

 

End Value (After Refurb)

£171,917

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£36,593

Bridging Loan Interest

£4,988

Total Cash In

£101,531

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£171,917

Mortgage (After Refinance)

£128,938

Mortgage LTV

75%

Cash Left In

£101,531

Equity

£42,979

Rent Range

£925 - £3,499

Rent Estimate

£1,419

Running Costs/mo

£841

Cashflow/mo

£578

Cashflow/yr

£6,936

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £100K to £270K, average is £165K. £1.1K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£240K02/220.05 mi144, South Road, Hockley, Birmingham, West Midlands B18 5LE3
£120K10/210.1 mi4, South Road Avenue, Birmingham, West Midlands B18 5JR3
£200K09/220.18 mi219, South Road, Hockley, Birmingham, West Midlands B18 5JP3
£132K04/210.24 mi25, Grasmere Road, Birmingham, West Midlands B21 0UP3
£180K09/210.24 mi65, Holliday Road, Handsworth, Birmingham, West Midlands B21 0UH3
£130K04/210.31 mi122, Bacchus Road, Birmingham, West Midlands B18 4QR3
£150K09/220.31 mi59, South Road, Hockley, Birmingham, West Midlands B18 5NA3
£138K01/210.32 mi49, Nineveh Road, Birmingham, West Midlands B21 0SU3
£140K02/230.35 mi135, Nineveh Road, Birmingham, West Midlands B21 0SY3
£195K09/220.37 mi36, Welford Road, Birmingham, West Midlands B20 2BJ3
£242.5K11/220.38 mi55, Reynolds Road, Birmingham, West Midlands B21 0TH3
£175K01/230.4 mi12, Merryhill Drive, Birmingham, West Midlands B18 5HJ3
£180K10/200.43 mi59, Tew Park Road, Birmingham, West Midlands B21 0TP3
£150K03/210.45 mi97, Holly Road, Handsworth, Birmingham, West Midlands B20 2BX3
£208K06/210.47 mi4, York Road, Handsworth, Birmingham, West Midlands B21 9EB3
£193K04/230.47 mi23, Goode Avenue, Birmingham, West Midlands B18 5QH3
£260K06/220.47 mi8, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£120K12/200.47 mi44, Willes Road, Birmingham, West Midlands B18 4PY3
£165K11/200.47 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£165K11/200.47 mi17, Foxcote Avenue, Birmingham, West Midlands B21 0TL3
£134.5K03/210.48 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£134.5K03/210.48 mi37, Markby Road, Birmingham, West Midlands B18 4PP3
£215K11/220.48 mi62, Whitmore Street, Birmingham, West Midlands B18 5BP3
£173K05/210.49 mi19, Mostyn Road, Handsworth, Birmingham, West Midlands B21 9DY3
£218K09/220.49 mi88, Handsworth New Road, Birmingham, West Midlands B18 4QQ3
£220K08/220.5 mi5, Haseley Road, Birmingham, West Midlands B21 0QU3
£205K08/220.5 mi1, Haseley Road, Birmingham, West Midlands B21 0QU3
£136K10/200.51 mi3, Ford Street, Birmingham, West Midlands B18 5PL3
£260K09/220.51 mi18, Navigation Way, Hockley, Birmingham, West Midlands B18 5RW3
£163K11/220.52 mi117, Boulton Road, Birmingham, West Midlands B21 0RD3
£195K04/230.53 mi102, Boulton Road, Birmingham, West Midlands B21 0RE3
£205K07/230.54 mi48, Hurdlow Avenue, Birmingham, West Midlands B18 5QQ3
£197.5K03/210.54 mi215, Holly Road, Handsworth, Birmingham, West Midlands B20 2BZ3
£140K10/220.54 mi131, Willes Road, Birmingham, West Midlands B18 4QA3
£105K05/210.54 mi145, Willes Road, Birmingham, West Midlands B18 4QA3
£172K03/230.56 mi48, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ3
£135K01/210.57 mi102, Markby Road, Birmingham, West Midlands B18 4PN3
£165K03/230.6 mi48, Mary Road, Handsworth, Birmingham, West Midlands B21 0RH3
£140K03/210.6 mi44, Dora Road, Handsworth, Birmingham, West Midlands B21 0RL3
£250K09/220.61 mi35, Gibson Road, Birmingham, West Midlands B20 3UE3
£165K08/210.61 mi160, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£150K12/200.61 mi148, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£142K03/210.61 mi166, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£145K05/210.61 mi164, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£142K03/210.61 mi166, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SN3
£100K07/210.62 mi31, Beeton Road, Birmingham, West Midlands B18 4QD3
£158.5K05/230.63 mi5, Beeton Road, Birmingham, West Midlands B18 4QD3
£132.5K04/210.63 mi16, Babington Road, Birmingham, West Midlands B21 0QE3
£270K02/210.63 mi17, Beaudesert Road, Birmingham, West Midlands B20 3TQ3
£141K11/220.64 mi4, Babington Road, Birmingham, West Midlands B21 0QE3

Local Rents

25 rents from £925/mo to £3.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20002/240.06 mi-3
£1,10002/250.06 mi-3
£1,74812/240.17 miSoho Wharf3
£1,00002/240.24 mi-3
£1,00003/240.24 mi-3
£1,00003/240.24 mi-3
£1,02502/250.25 mi-3
£92512/240.31 miDevonshire Street, BIRMINGHAM3
£2,40001/240.32 mi-3
£1,30012/240.44 mi-3
£1,50004/250.46 mi-3
£1,40004/250.47 mi-3
£1,95002/250.48 mi-3
£3,49912/240.48 mi-3
£1,20004/250.51 mi-3
£95012/240.52 mi-3
£1,25003/240.52 mi-3
£1,35012/240.52 mi-3
£1,10003/250.52 mi-3
£1,45012/240.52 miAnchor Crescent, Hockley, Birmingham, B18 5SL3
£1,35012/240.53 miAnchor Crescent, Hockley, BIRMINGHAM3
£1,19512/240.53 mi-3
£1,05002/250.56 mi-3
£1,29902/240.56 mi-3
£1,19904/250.56 mi-3

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

3.09 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £190,000

March 26, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Two Reception Rooms +
  • Fitted Kitchen +
  • Fully Double Glazed +
  • Gas Central Heating +
  • Ground Floor Bathroom +
  • Ideal For Investors +
  • Great Potential +
  • Excellent Location +
  • Close to all Amenities +

Midland Housing Ltd is pleased to present this three-bedroom end-of-terrace property, situated on St Michaels Hill, Hockley. Offering an excellent investment opportunity, this property is ideal for investors or first-time buyers looking to add value. The home features two spacious reception rooms, a ground-floor bathroom, and three well-proportioned bedrooms. It benefits from gas central heating and full double glazing, ensuring comfort and efficiency. While the property does require some modernisation, it presents a fantastic opportunity to create a stylish and comfortable living space. Located within easy reach of key transport links, including Soho Road, this property provides excellent access to local amenities, schools, and shopping facilities. Don’t miss out on this promising investment—contact us today to arrange a viewing!

 
**Accommodation on the Ground Floor **
Hallway with doors leading off to:
Reception Room 1 (3.60m x 3.90m) – A well-sized living space featuring a double-glazed bay window to the front, allowing in natural light. The room includes laminate flooring and a radiator for added comfort.

Reception Room 2 (3.73m x 3.48m) – A functional second reception room with a double-glazed bay window to the side. The space is fitted with laminate flooring and benefits from a radiator.

Kitchen (2.98m x 3.09m) – Fitted with essential units, a sink, and a cooker. The space offers a practical layout, providing a functional cooking area.

Bathroom (1.75m x 2.79m) – Featuring a bath, wash basin, and a shower cubicle, providing essential facilities in a practical layout.
 
**Accommodation on the First Floor **
Bedroom One (4.42m x 3.88m) – Situated at the front of the property, this spacious bedroom features double glazing, carpeting, and a radiator for added comfort.

Bedroom Two (3.58m x 3.56m) - A well-proportioned bedroom featuring double glazing, carpeting, and a radiator for added comfort.

Bedroom Three (2.95m x 3.11m) - A functional bedroom featuring double glazing, carpeting, and a radiator. This room is accessed through bedroom two, making it suitable for use as a nursery, study, or additional sleeping space.

 
**Outside **
Garden - The compact rear garden offers potential as a useful outdoor space once maintained. It could provide a pleasant area for relaxation or additional use.

EPC - D

General Information Tenure - we are informed that the tenure of the property is Freehold. However, any interested parties are strongly recommended to have this information verified by their Solicitor or Surveyor at the earliest opportunity.  Please consult us for further details. 

Money Laundering Regulation - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 
Consumer Protection from Unfair Trading Regulations 2008 

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Agent Details

Midland Housing Ltd, Birmingham

0121 387 6629

Next Steps?

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