2 Bed Terraced House, Refurb/BRRR, Birmingham, B18 5JD, £140,000

Park Road, Hockley, Birmingham, B18 5JD - 7 views - 13 days ago

Refurb/BRRR
ROI: 12%
~68 m²
+3 photos

ValuationOvervalued

Sold Prices£55K - £205K
Sold Prices/m²£821/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£122,600

 

 

End Value (After Refurb)

£128,964

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£26,800

Bridging Loan Interest

£3,675

Total Cash In

£75,425

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,964

Mortgage (After Refinance)

£96,723

Mortgage LTV

75%

Cash Left In

£75,425

Equity

£32,241

Rent Range

£825 - £2,450

Rent Estimate

£1,448

Running Costs/mo

£713

Cashflow/mo

£735

Cashflow/yr

£8,825

ROI

12%

Gross Yield

12%

Local Sold Prices

50 sold prices from £55K to £205K, average is £130K. £821/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£165K02/230.2 mi9, Foster Gardens, Birmingham, West Midlands B18 5DJ2
£205K10/220.21 mi44, Whitmore Street, Birmingham, West Midlands B18 5BP2
£145K01/230.21 mi37, Whitmore Street, Birmingham, West Midlands B18 5BP2
£140K12/200.23 mi1a, Kent Street North, Birmingham, West Midlands B18 5RT2
£110K10/200.24 mi39, Richmond Road, Hockley, Birmingham, West Midlands B18 5NH2
£152.5K01/210.3 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£152.5K01/210.3 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£155K03/230.3 mi26, Augustine Grove, Birmingham, West Midlands B18 5HA2
£131K02/210.41 mi32, Benson Road, Hockley, Birmingham, West Midlands B18 5EB2
£100K11/200.43 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.43 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.43 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£145K06/230.43 mi17, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£122K04/210.48 mi195, Bacchus Road, Birmingham, West Midlands B18 4RB2
£96K01/210.49 mi203, Bacchus Road, Birmingham, West Midlands B18 4RD2
£97K01/210.5 mi9, Grasmere Road, Birmingham, West Midlands B21 0UP2
£115.5K03/210.53 mi36, Willes Road, Birmingham, West Midlands B18 4PY2
£95K09/210.58 mi51, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£112K12/200.58 mi45, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£110K04/230.58 mi43, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£55K08/220.59 mi50, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ2
£125K06/210.6 mi225, Nineveh Road, Birmingham, West Midlands B21 0TA2
£142.5K05/220.6 mi73a, Carlisle Street, Birmingham, West Midlands B18 7EW2
£70K06/230.63 mi115, Willes Road, Birmingham, West Midlands B18 4QA2
£128K06/210.64 mi72, Norman Street, Birmingham, West Midlands B18 7ER2
£163K07/230.66 mi89, Tew Park Road, Birmingham, West Midlands B21 0TP2
£135K03/230.66 mi60, Tew Park Road, Birmingham, West Midlands B21 0TR2
£127K03/230.66 mi50, Tew Park Road, Birmingham, West Midlands B21 0TR2
£130K07/210.67 mi96, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£130K08/220.67 mi92, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£84K01/210.68 mi20, Louise Road, Birmingham, West Midlands B21 0RY2
£125K10/210.72 mi119, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SE2
£141K08/220.73 mi29, Beeton Road, Birmingham, West Midlands B18 4QD2
£115K10/200.75 mi72, Melbourne Avenue, Birmingham, West Midlands B19 2HZ2
£99K11/200.75 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£99K11/200.75 mi115, James Turner Street, Birmingham, West Midlands B18 4ND2
£120K10/200.76 mi14, Haseley Road, Birmingham, West Midlands B21 0QU2
£143K07/230.78 mi81, Mary Road, Handsworth, Birmingham, West Midlands B21 0RJ2
£136K12/220.81 mi32, Perrott Street, Birmingham, West Midlands B18 4NB2
£122K12/220.81 mi6, Perrott Street, Birmingham, West Midlands B18 4NB2
£141K03/220.82 mi28, Cuthbert Road, Birmingham, West Midlands B18 4AG2
£160K09/220.83 mi181, Berners Street, Birmingham, West Midlands B19 2DR2
£148K01/210.84 mi153, Heath Street, Birmingham, West Midlands B18 4DA2
£150K02/210.84 mi157, Heath Street, Birmingham, West Midlands B18 4DA2
£138K12/200.85 mi12, Emily Gardens, Birmingham, West Midlands B16 0ED2
£170K07/220.89 mi69, Cuthbert Road, Birmingham, West Midlands B18 4AH2
£120K04/230.89 mi38, St Marks Crescent, Birmingham, West Midlands B1 2PX2
£135K04/230.91 mi1, Old Postway, Newtown, Birmingham, West Midlands B19 2DH2
£130K05/210.91 mi5, Old Postway, Newtown, Birmingham, West Midlands B19 2DH2
£154K05/230.92 mi24, Chantry Road, Handsworth, Birmingham, West Midlands B21 9JB2

Local Rents

51 rents from £825/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£2,45012/230.19 mi-2
£2,45002/240.19 mi-2
£1,20003/250.22 mi-2
£97512/240.22 miNorton Street, Birmingham2
£1,05002/240.27 mi-2
£1,15012/240.27 mi-2
£1,00012/240.27 miThe Moorings, Hockley, Birmingham, B182
£98012/240.27 mi-2
£1,05012/240.29 miBrookfield Terrace, Brookfield Road, Hockley, Birmingham, West Midlands, B18 7JA2
£1,05012/240.35 miClaremont Place, Birmingham, B182
£1,05005/240.35 mi-2
£95012/240.35 mi-2
£1,00012/240.36 miRoosevelt House, Hockley, Birmingham2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.36 miThe Goodsyard - Jewellery Quarter - B18 2
£1,00012/240.37 mi-2
£99512/240.37 miWaterside Drive, Hockley2
£92512/240.39 mi-2
£92502/240.39 mi-2
£92503/240.39 miHamstead Court, Birmingham, B192
£95001/250.39 mi-2
£82503/250.39 mi-2
£89904/240.4 miHamstead Court, Birmingham, B192
£89912/240.4 mi-2
£1,00012/240.43 miMetalworks Apartment, Warstone Lane, Jewellery Quarter2
£1,10012/240.43 miMetalworks, Jewellery Quarter2
£1,20012/240.43 miMetalworks, Jewellery Quarter2
£1,39812/240.47 mi57 Hooper Street, Birmingham2
£1,39812/240.47 mi57 Hooper Street, Birmingham2
£1,39812/240.47 mi57 Hooper Street, Birmingham2
£97503/240.51 miVilla Street, Birmingham2
£1,63512/240.53 miPitsford Street, Birmingham, B182
£1,55012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£1,55012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.53 miPitsford Street, Birmingham, B182
£1,55012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.53 miPitsford Street, Birmingham, B182
£1,55012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.53 miPitsford Street, Birmingham, B182
£1,55012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.79 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £140,000

March 26, 2025

Floor Plans

Description

  • Deceptively Spacious Mid Terrace Residence +
  • Two Double Bedrooms +
  • Lounge & Front Room +
  • Hallway Entrance +
  • Generous Size Kitchen +
  • First Floor Bathroom +
  • Rear Garden +
  • No Upwards Chain +
  • Council Tax Band A +
  • EPC Rating F +

Located in a popular and convenient area, this deceptively spacious mid-terrace residence presents a fantastic opportunity for first-time buyers or landlord investors. While the property requires refurbishment, it offers great potential to create a comfortable home or a profitable rental investment.

Upon entering, the hallway leads to a well-proportioned front room, perfect as a formal sitting room, home office, or additional living space. Beyond this, the spacious lounge serves as the heart of the home, providing a warm and versatile space for relaxation and entertaining. The generous-sized kitchen to the rear offers plenty of scope for modernisation, with ample room for storage, preparation, and dining.

Upstairs, the property features two excellent double bedrooms, both offering plenty of space and natural light. The large bathroom, which could easily accommodate a contemporary redesign, provides additional scope to enhance the property's value and appeal.

Externally, the property benefits from a good-sized rear garden, ideal for outdoor enjoyment, gardening, or future landscaping potential.

With no upward chain, this property is an excellent investment for buyers looking to renovate and add value. Conveniently located close to local amenities, transport links, and schools, it's an opportunity not to be missed.

Call now to book your viewing slot on - this property will sell quickly!

Agent Details

Henley Charles, Handsworth

0121 387 6456

Next Steps?

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