2 Bed Terraced House, Refurb/BRRR, Birmingham, B29 5JR, £165,000

Alwold Road, Weoley Castle, Birmingham, B29 5JR - 1 views - 9 days ago

Refurb/BRRR
ROI: 4%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£134K - £272.5K
Sold Prices/m²£1.9K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£168,300

 

 

End Value (After Refurb)

£177,902

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£26,977

Bridging Loan Interest

£4,331

Total Cash In

£83,759

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,902

Mortgage (After Refinance)

£133,426

Mortgage LTV

75%

Cash Released

£9,676

Cash Left In

£74,082

Equity

£44,475

Rent Range

£750 - £1,443

Rent Estimate

£1,034

Running Costs/mo

£783

Cashflow/mo

£251

Cashflow/yr

£3,015

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £134K to £272.5K, average is £185.6K. £1.9K/m² to £4.1K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£134K04/210.02 mi324, Alwold Road, Birmingham, West Midlands B29 5JR2
£185K07/230.06 mi42, Burnel Road, Birmingham, West Midlands B29 5SN2
£174.7K04/230.11 mi232, Alwold Road, Birmingham, West Midlands B29 5JS2
£175K06/230.11 mi262, Alwold Road, Birmingham, West Midlands B29 5JS2
£165K03/210.13 mi8, Monkton Road, Birmingham, West Midlands B29 5ST2
£175K09/210.14 mi7, Radley Grove, Birmingham, West Midlands B29 5TA2
£187K07/230.14 mi7, Radley Grove, Birmingham, West Midlands B29 5TA2
£157K03/210.14 mi424, Alwold Road, Birmingham, West Midlands B29 5TW2
£165K05/210.15 mi23, Swinford Road, Birmingham, West Midlands B29 5SH2
£180K05/230.15 mi9, Swinford Road, Birmingham, West Midlands B29 5SH2
£165K03/210.24 mi332, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6TA2
£154K05/210.25 mi177, Weoley Avenue, Birmingham, West Midlands B29 6PU2
£175K03/210.25 mi145, Weoley Avenue, Birmingham, West Midlands B29 6PU2
£195K02/210.26 mi22, Corisande Road, Birmingham, West Midlands B29 6RH2
£185K03/230.27 mi144, Castle Road, Weoley Castle, Birmingham, West Midlands B29 5HQ2
£195K07/210.31 mi10, Wyvern Grove, Birmingham, West Midlands B29 6RN2
£170K07/210.32 mi45, Jervoise Road, Birmingham, West Midlands B29 5QS2
£150K11/200.33 mi8, Paganel Road, Birmingham, West Midlands B29 5TG2
£186.3K08/230.34 mi106, Castle Road, Weoley Castle, Birmingham, West Midlands B29 5HG2
£174K09/210.37 mi28, Barcheston Road, Birmingham, West Midlands B29 5HN2
£150K12/200.37 mi32, Stonehouse Hill, Birmingham, West Midlands B29 5SA2
£188K09/210.38 mi6, Mellors Close, Birmingham, West Midlands B17 0QF2
£165.5K01/230.38 mi58, Jervoise Road, Birmingham, West Midlands B29 5QU2
£210K12/200.39 mi130, Corisande Road, Birmingham, West Midlands B29 6RP2
£195K06/210.4 mi32, Falconhurst Road, Birmingham, West Midlands B29 6SD2
£151K03/210.4 mi18, Willoughby Grove, Birmingham, West Midlands B29 5QX2
£215K06/230.41 mi229, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6SX2
£205K09/210.41 mi231, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6SX2
£217.5K05/230.41 mi208, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6TE2
£195K05/210.41 mi216, Reservoir Road, Selly Oak, Birmingham, West Midlands B29 6TE2
£230K09/210.42 mi21, Ferncliffe Road, Birmingham, West Midlands B17 0QD2
£195K11/210.42 mi11, Ferncliffe Road, Birmingham, West Midlands B17 0QD2
£272.5K12/220.43 mi6, Stableford Close, Birmingham, West Midlands B32 3XL2
£160K12/200.44 mi9, Park Mews, Birmingham, West Midlands B29 5JQ2
£200K01/230.45 mi105, Quinton Road, Birmingham, West Midlands B17 0PY2
£212K09/210.47 mi100, Woolacombe Lodge Road, Birmingham, West Midlands B29 6PY2
£215K11/200.47 mi4, Howes Rise, Birmingham, West Midlands B29 5HW2
£140K02/210.47 mi28, Hopstone Road, Birmingham, West Midlands B29 5RD2
£210K12/200.47 mi2, Howes Rise, Birmingham, West Midlands B29 5HW2
£181.5K07/240.48 mi27, Blakemore Close, Birmingham, West Midlands B32 3DZ2
£190K08/230.48 mi8, Blakemore Close, Birmingham, West Midlands B32 3DZ2
£138.5K11/200.48 mi15c, Blakemore Close, Birmingham, West Midlands B32 3DZ2
£200K03/230.48 mi29, Blakemore Close, Birmingham, West Midlands B32 3DZ2
£156K07/210.49 mi145, Jervoise Road, Birmingham, West Midlands B29 5QT2
£265K12/220.5 mi150, Corisande Road, Birmingham, West Midlands B29 6RS2
£225K04/210.57 mi24, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£240K08/210.57 mi81, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£172K11/200.57 mi25, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£229K03/210.57 mi40, Kelfield Avenue, Birmingham, West Midlands B17 0QL2
£270K12/220.57 mi38, Kelfield Avenue, Birmingham, West Midlands B17 0QL2

Local Rents

32 rents from £750/mo to £1.4K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,15001/250.06 mi-2
£1,05012/240.08 mi-2
£95012/240.09 mi-2
£87512/240.14 miAlwold Road, Birmingham2
£80012/240.19 miCastle Road, Bartley Green, Birmingham, West Midlands, B292
£1,00001/240.24 mi-2
£1,10002/240.26 mi-2
£1,10001/250.26 mi-2
£1,40012/240.26 mi-2
£95012/240.26 miWeoley Avenue, Birmingham, West Midlands, B29 6PU2
£92512/240.26 miArosa Drive, Birmingham, B172
£92503/240.26 mi-2
£1,20002/250.26 mi-2
£1,20012/240.27 miDurley Dean Road, Selly Oak, B292
£1,10012/240.3 mi-2
£1,10012/240.3 mi-2
£1,00012/240.3 miLynn Grove, Selly Oak, B292
£1,10012/240.32 miArosa Drive, Birmingham2
£1,10002/250.33 mi-2
£95012/240.42 mi134 Quinton Road, B17 0QA2
£1,00002/240.42 mi-2
£75012/240.43 miBeckbury Road, Weoley Castle 2
£1,10012/240.43 mi-2
£1,44312/240.45 miStudent 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH2
£75812/240.45 miDeluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham2
£90012/240.47 miHopstone Road, Selly Oak, B292
£1,10003/250.47 mi-2
£1,08212/240.48 miReservoir Road, Selly Oak, Birmingham2
£1,17012/240.51 miHerons Way, Birmingham2
£90002/250.52 mi-2
£95012/240.61 miKelfield Avenue, Birmingham, B172
£95012/240.61 miKelfield Avenue, Birmingham2

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

3.76 miles away

Nearest school

0.30 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £165,000

March 26, 2025

Floor Plans

Description

NO CHAIN! A two-bedroom end-of-terraced house REQUIRING MODERNISATION. The house is located in Weoley Castle, close to transport links and amenities. Ideal for FIRST-TIME BUYERS and INVESTORS. EP Rating: C

LOCATION

Weoley Castle is a very popular residential area particularly amongst first time buyers. It is conveniently located for access to Birmingham City Centre, Birmingham University and the Queen Elizabeth Hospital at Selly Oak. At the heart of Weoley Castle is the Square which offers a wide selection of shops, businesses and other local amenities. A regular public transport service operates in and around Weoley Castle and there are a number of nurseries and both primary and secondary schools close by, including Shenley Academy.

SUMMARY

• NO CHAIN!

• Approached via a front garden.

• Hallway leading to front reception room.

• Fitted kitchen with utility area and downstairs WC.

• Bedroom one is generously sized with built in storage.

• Bedroom two is also a double bedroom.

• Upstairs fitted bathroom.

• A well-proportioned rear garden with side access.

KEY INFORMATION

Agent Details

Oulsnam, Northfield

0121 387 6390

Next Steps?

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