3 Bed Terraced House, Refurb/BRRR, Birmingham, B32 3BH, £160,000

Corn Mill Close, Bartley Green, Birmingham, B32 3BH - 2 views - a month ago

Auction
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£144K - £372K
Sold Prices/m²£1.7K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£164,800
BMV3%

 

 

End Value (After Refurb)

£235,725

Uplift in Value

+47%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£36,800

Bridging Loan Interest

£4,200

Total Cash In

£92,650

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£235,725

Agent Fees (1%)

£2,357

Bridging Loan

£120,000

Bridging Loan Interest

£4,200

Flip Profit

£20,718

Local Sold Prices

50 sold prices from £144K to £372K, average is £193K. £1.7K/m² to £4.3K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£248.5K05/230.05 mi104, Mill Lane, Quinton, Birmingham, West Midlands B32 3BE3
£372K08/240.11 mi30, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£283K07/230.11 mi38, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£175K03/210.12 mi3, Barn Croft, Birmingham, West Midlands B32 3BD3
£182K05/230.17 mi17, Rush Green, Birmingham, West Midlands B32 3BJ3
£192K03/210.2 mi294, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£237.3K08/230.2 mi308, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£260K11/220.2 mi354, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£144K12/200.23 mi329, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£280K03/240.23 mi365, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£167.5K05/210.23 mi229, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£194K10/210.23 mi179, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£207K07/230.23 mi233, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£175K06/210.25 mi244, Barnes Hill, Birmingham, West Midlands B29 5TY3
£232K02/230.26 mi272, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£194.5K09/210.26 mi296, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£237K08/220.26 mi288, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£155K11/220.26 mi10, Napton Grove, Birmingham, West Midlands B29 5RS3
£350K10/200.26 mi31, Senneleys Park Road, Birmingham, West Midlands B31 1AG3
£325K12/200.26 mi71, Senneleys Park Road, Birmingham, West Midlands B31 1AE3
£177K04/230.28 mi52, Simmons Leasow, Birmingham, West Midlands B32 3RP3
£215K02/230.29 mi3, Simmons Leasow, Birmingham, West Midlands B32 3RR3
£220K11/220.31 mi12, Ludstone Road, Birmingham, West Midlands B29 5UA3
£246K11/220.33 mi204, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£340K03/230.33 mi8, Kingsdown Road, Birmingham, West Midlands B31 1AH3
£175K12/200.33 mi226, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£156K03/210.33 mi25, Gravel Bank, Birmingham, West Midlands B32 3SG3
£248.5K07/210.34 mi119, Senneleys Park Road, Birmingham, West Midlands B31 1AF3
£330K06/230.34 mi81, Senneleys Park Road, Birmingham, West Midlands B31 1AF3
£316K05/210.35 mi281, Barnes Hill, Birmingham, West Midlands B29 5TX3
£370K06/230.37 mi114, Senneleys Park Road, Birmingham, West Midlands B31 1AN3
£370K07/230.37 mi80, Senneleys Park Road, Birmingham, West Midlands B31 1AN3
£230K12/200.37 mi122, Senneleys Park Road, Birmingham, West Midlands B31 1AN3
£150K10/210.37 mi44, Little Hill Way, Birmingham, West Midlands B32 3RZ3
£160K04/210.37 mi50, Clapgate Lane, Birmingham, West Midlands B32 3DP3
£184K12/210.38 mi8, Hatherton Grove, Birmingham, West Midlands B29 5QP3
£156K11/200.38 mi34, Glen Side, Birmingham, West Midlands B32 3RU3
£152K04/210.39 mi69, Alwold Road, Birmingham, West Midlands B29 5RP3
£152K04/210.39 mi69, Alwold Road, Birmingham, West Midlands B29 5RP3
£181K03/230.4 mi15, Kingsbridge Road, Birmingham, West Midlands B32 3EU3
£290K01/230.41 mi19, Cromwell Lane, Northfield, Birmingham, West Midlands B31 1AB3
£250K05/230.41 mi174, Jiggins Lane, Birmingham, West Midlands B32 3EN3
£178K07/230.42 mi19, Bilbrook Grove, Birmingham, West Midlands B29 5RN3
£160K06/230.44 mi16, Tantallon Drive, Birmingham, West Midlands B32 3LT3
£166K06/230.44 mi6, Monmouth Road, Birmingham, West Midlands B32 3LX3
£160K11/230.45 mi19, Wood Leasow, Birmingham, West Midlands B32 3SE3
£160K12/200.45 mi46, Cromwell Lane, Northfield, Birmingham, West Midlands B31 1AD3
£160K12/200.46 mi9, Green Drive, Birmingham, West Midlands B32 3HU3
£179K02/210.47 mi121, Jiggins Lane, Birmingham, West Midlands B32 3EL3
£180K08/210.47 mi130, Jiggins Lane, Birmingham, West Midlands B32 3LB3

Local Rents

42 rents from £900/mo to £2.5K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,29512/240.17 miDavena Drive, Quinton, Birmingham3
£1,29512/240.17 miDavena Drive, Quinton, Birmingham3
£1,29512/240.17 miDavena Drive, Quinton, Birmingham3
£1,25012/240.17 miDavena Drive, Quinton, Birmingham3
£1,20002/250.21 mi-3
£1,15001/250.26 mi-3
£1,25002/240.28 mi-3
£1,26001/250.28 mi-3
£1,20012/240.38 mi-3
£1,20012/240.38 mi-3
£1,10012/240.42 miAlwold Road, Weoley Castle, Birmingham3
£1,49512/240.43 mi-3
£1,20012/240.44 miCromwell Lane, BIRMINGHAM3
£1,25002/240.46 mi-3
£1,22512/240.46 miAlwold Road, Birmingham, B293
£1,20012/240.46 miAlwold Road, Birmingham, B293
£1,10512/240.49 miIlmington Road, Birmingham3
£1,10512/240.49 mi14 Ilmington Road, Selly Oak, Birmingham3
£1,15012/240.5 miBigwood Drive, Birmingham, West Midlands, B323
£1,15012/240.5 miBigwood Drive, Birmingham, West Midlands, B323
£1,04512/240.5 miAckleton Grove, Birmingham, B29 3
£1,10012/240.5 mi-3
£1,25002/240.51 mi-3
£1,25002/240.51 mi-3
£1,65003/250.51 mi-3
£1,35001/240.52 mi-3
£1,10012/240.54 miForsythia Close, Northfield3
£1,10012/240.54 miForsythia Close, BIRMINGHAM3
£1,00012/240.54 miAmbleside, Bartley Green, B323
£1,25002/240.54 mi-3
£1,25002/240.54 mi-3
£1,10004/250.55 mi-3
£1,35012/240.55 mi-3
£1,25012/240.55 miShenley Lane, Birmingham, B293
£2,46502/240.56 mi-3
£2,46504/250.56 mi-3
£90012/240.57 miMoors Lane, Northfield, B313
£1,24501/250.57 mi-3
£1,25002/250.57 mi-3
£1,25004/250.57 mi-3
£1,20012/240.59 miSomerford Road, Birmingham, B293
£1,20003/250.61 mi-3

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

4.68 miles away

Nearest school

0.40 miles away

Nearest train station

2.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £160,000

March 31, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • NO CHAIN +
  • 3 BEDROOMS +
  • CENTRAL HEATING +
  • THROUGH LOUNGE +
  • FIRST FLOOR BATHROOM +

SUMMARY
Three bedroom, mid terraced, offered with no chain, central heating. Call today to book your viewing

DESCRIPTION
This 3-bedroom mid-terraced house offers a fantastic opportunity for those looking to put their personal touch on a property. While it is in need of some TLC, the home provides ample potential to become a lovely family residence or a lucrative investment opportunity.

Upon entering, you will find a spacious through lounge that combines both living and dining area.

The kitchen, could benefit from modernisation. With the right touch, this space can be transformed into a stylish, efficient cooking area. There is plenty of room for storage and countertop space, making it an ideal area for customize to suit your needs.

The property boasts three well-sized bedrooms, all of which could use a fresh coat of paint. The master bedroom offers ample space for a double bed and additional furniture, while the two smaller bedrooms would be perfect for children, guests, or as a home office.

The bathroom, although currently dated, offers good potential for a makeover. With some thoughtful upgrades, it can easily be transformed into a relaxing sanctuary. There may also be potential for further improvements in terms of storage and layout throughout.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Approach 
Set in a cul-de sac location, behind a fore garden.

Porch 
Enclosed porch with further door leading to the hallway

Hallway 
Stairs off, radiator, light point

Lounge/Dining  
Double glazed window to the front & patio doors overlooking the rear garden, radiators, light points

Kitchen 
Wall & base units, sink with drainer and mixer tap, wall mounted boiler, space for cooker & washing machine, window to the rear, door to side utility area

Side Utility Area  
Doors to front & rear, W.C, storage cupboard.

Landing  
Loft access doors off

Bedroom One 
Main bedroom facing the front with 3 windows, radiator, storage cupboards.

Bedroom Two 
Window to the front, light point,radiator, fitted wardrobe.

Bedroom Three 
Window to the rear, light point, radiator

First Floor Bathroom  
Bath with shower, hand wash basin, window rothe rear, radiator , separate W.C

Gardens  
Rear Garden

1. MONEY LAUNDERING REGULATIONS - 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.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, B'ham West - Harborne

0121 387 6257

Next Steps?

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