3 Bed Terraced House, Refurb/BRRR, Birmingham, B32 3LN, £185,000

311D24 Pickering Croft, Birmingham, B32 3LN - 1 views - 15 days ago

Refurb/BRRR
Planning
ROI: 4%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£95K - £372K
Sold Prices/m²£1.4K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£188,700

 

 

End Value (After Refurb)

£204,146

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Refurb Costs

£36,800

Bridging Loan Interest

£4,856

Total Cash In

£101,306

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,146

Mortgage (After Refinance)

£153,110

Mortgage LTV

75%

Cash Released

£14,360

Cash Left In

£86,946

Equity

£51,037

Rent Range

£900 - £1,800

Rent Estimate

£1,213

Running Costs/mo

£901

Cashflow/mo

£312

Cashflow/yr

£3,749

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £95K to £372K, average is £175.8K. £1.4K/m² to £4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£175K03/240.03 mi34, Pickering Croft, Birmingham, West Midlands B32 3LN3
£170K06/230.04 mi126, Jiggins Lane, Birmingham, West Midlands B32 3LB3
£180K08/210.04 mi130, Jiggins Lane, Birmingham, West Midlands B32 3LB3
£181K03/230.06 mi15, Kingsbridge Road, Birmingham, West Midlands B32 3EU3
£160K06/230.07 mi16, Tantallon Drive, Birmingham, West Midlands B32 3LT3
£210K06/210.07 mi105, Jiggins Lane, Birmingham, West Midlands B32 3LD3
£250K05/230.08 mi174, Jiggins Lane, Birmingham, West Midlands B32 3EN3
£179K02/210.09 mi121, Jiggins Lane, Birmingham, West Midlands B32 3EL3
£235K01/210.1 mi9, Jiggins Lane, Birmingham, West Midlands B32 3LE3
£160K12/200.12 mi9, Green Drive, Birmingham, West Midlands B32 3HU3
£220K01/240.13 mi5, Willow Coppice, Birmingham, West Midlands B32 3JA3
£172.5K04/210.13 mi23, Willow Coppice, Birmingham, West Midlands B32 3JA3
£165K04/210.13 mi17, Willow Coppice, Birmingham, West Midlands B32 3JA3
£166K06/230.16 mi6, Monmouth Road, Birmingham, West Midlands B32 3LX3
£175K12/200.17 mi226, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£246K11/220.17 mi204, Jiggins Lane, Birmingham, West Midlands B32 3ER3
£231K06/230.17 mi9, The Knoll, Birmingham, West Midlands B32 3HZ3
£238K01/230.18 mi43, Highmore Drive, Birmingham, West Midlands B32 3JY3
£215K11/200.18 mi22, Highmore Drive, Birmingham, West Midlands B32 3JY3
£167.5K09/210.19 mi123, Ambleside, Birmingham, West Midlands B32 3HX3
£105K03/210.21 mi19, Adams Hill, Birmingham, West Midlands B32 3QJ3
£180K09/210.26 mi21, Athol Close, Bartley Green, Birmingham, West Midlands B32 3NH3
£115K01/210.27 mi16, Culford Drive, Birmingham, West Midlands B32 3JH3
£115K01/210.27 mi16, Culford Drive, Birmingham, West Midlands B32 3JH3
£160K04/210.27 mi50, Clapgate Lane, Birmingham, West Midlands B32 3DP3
£194.5K09/210.27 mi296, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£237K08/220.27 mi288, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£232K02/230.28 mi272, Jiggins Lane, Birmingham, West Midlands B32 3HJ3
£155K05/230.3 mi235, Cromwell Lane, Northfield, Birmingham, West Midlands B31 1AX3
£173K02/240.3 mi229, Cromwell Lane, Northfield, Birmingham, West Midlands B31 1AX3
£110K10/210.31 mi38, Malpas Drive, Birmingham, West Midlands B32 3QF3
£170K12/230.31 mi8, Romsley Road, Birmingham, West Midlands B32 3QB3
£156K11/200.33 mi34, Glen Side, Birmingham, West Midlands B32 3RU3
£210K07/230.34 mi155, Clapgate Lane, Birmingham, West Midlands B32 3DT3
£139K05/210.35 mi35, Malpas Drive, Birmingham, West Midlands B32 3QE3
£372K08/240.36 mi30, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£283K07/230.36 mi38, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£247.5K03/230.36 mi18, Hightree Close, Birmingham, West Midlands B32 3QP3
£130K12/200.38 mi27, Field Lane, Bartley Green, Birmingham, West Midlands B32 3JT3
£138K12/200.39 mi53, Foredraft Close, Birmingham, West Midlands B32 3TP3
£225K07/230.42 mi24, Romsley Road, Birmingham, West Midlands B32 3PS3
£192K07/230.45 mi224, Adams Hill, Birmingham, West Midlands B32 3PJ3
£150K10/210.45 mi44, Little Hill Way, Birmingham, West Midlands B32 3RZ3
£176.5K11/220.47 mi35, Ox Leasow, Birmingham, West Midlands B32 3TN3
£243K12/200.47 mi4, Fernwoods, Birmingham, West Midlands B32 3RL3
£95K02/210.48 mi8, Flavell Close, Birmingham, West Midlands B32 3NY3
£230K09/210.48 mi5, Flavell Close, Birmingham, West Midlands B32 3NY3
£265K05/240.48 mi3, Flavell Close, Birmingham, West Midlands B32 3NY3
£150K11/200.48 mi38, Ox Leasow, Birmingham, West Midlands B32 3TW3
£160K11/230.48 mi19, Wood Leasow, Birmingham, West Midlands B32 3SE3

Local Rents

52 rents from £900/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.1 miBigwood Drive, Birmingham, West Midlands, B323
£1,15012/240.1 miBigwood Drive, Birmingham, West Midlands, B323
£1,49512/240.15 mi-3
£1,00012/240.19 miAmbleside, Bartley Green, B323
£1,65003/250.43 mi-3
£90012/240.5 miMoors Lane, Northfield, B313
£1,20012/240.58 miCromwell Lane, BIRMINGHAM3
£1,29512/240.62 miDavena Drive, Quinton, Birmingham3
£1,29512/240.62 miDavena Drive, Quinton, Birmingham3
£1,29512/240.62 miDavena Drive, Quinton, Birmingham3
£1,25012/240.62 miDavena Drive, Quinton, Birmingham3
£1,00012/240.64 mi-3
£1,20002/250.65 mi-3
£1,10003/250.66 mi-3
£1,15003/250.69 mi-3
£1,15004/250.69 mi-3
£1,15001/250.71 mi-3
£1,10012/240.72 miForsythia Close, BIRMINGHAM3
£1,10012/240.72 miForsythia Close, Northfield3
£1,25002/240.73 mi-3
£1,26001/250.73 mi-3
£1,25012/240.78 miHomedene Road, Birmingham, B31 1EW3
£1,10001/240.79 mi-3
£1,25012/240.79 miShenley Lane, Birmingham, B293
£1,20012/240.79 mi-3
£1,20012/240.79 mi-3
£1,39903/250.82 mi-3
£1,04512/240.83 miAckleton Grove, Birmingham, B29 3
£1,70002/250.83 mi-3
£1,80003/250.83 mi-3
£1,10512/240.84 miIlmington Road, Birmingham3
£1,10512/240.84 mi14 Ilmington Road, Selly Oak, Birmingham3
£1,25002/240.85 mi-3
£1,25002/240.85 mi-3
£1,10012/240.87 miAlwold Road, Weoley Castle, Birmingham3
£1,20003/250.87 mi-3
£1,35001/240.88 mi-3
£1,25002/240.91 mi-3
£1,22512/240.91 miAlwold Road, Birmingham, B293
£1,20012/240.91 miAlwold Road, Birmingham, B293
£1,20012/240.91 miSomerford Road, Birmingham, B293
£1,30001/240.92 mi-3
£1,10012/240.93 mi-3
£1,30003/250.93 mi-3
£90012/240.94 miKewstoke Croft, Northfield, Birmingham, West Midlands, B31 1JG3
£1,26003/250.94 mi-3
£1,00012/240.94 miMarston Road, Birmingham3
£1,17512/240.96 mi-3
£1,40012/240.97 miThe Dell, Northfield, B313
£1,10002/240.97 mi-3
£1,10002/240.97 mi-3
£1,10002/240.97 mi-3

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

5.13 miles away

Nearest school

0.20 miles away

Nearest train station

2.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £185,000

March 31, 2025

Floor Plans

Description

  • NO CHAIN +
  • THREE DOUBLE BEDROOMS +
  • THROUGH LOUNGE +
  • REAR GARDEN +
  • CLOSE TO TRANSPORT LINKS +
  • VIEWINGS HIGHLY RECOMMENDED +

NO CHAIN

Oakmans Estate Agents are pleased to present this spacious three-bedroom mid-terrace home, offering fantastic potential for families and investors alike.

The property features a welcoming front porch leading into a large through lounge, providing ample space for both relaxation and a dedicated dining area to the rear. The separate kitchen, positioned at the back of the property, offers plenty of potential for modernisation.

Upstairs, you will find three generously sized bedrooms and a family bathroom, providing comfortable living accommodation. To the rear, there is a private garden, perfect for outdoor entertaining or further landscaping opportunities.

Located in a popular residential area, this home is close to local amenities, schools, and excellent transport links, making it ideal for a variety of buyers.

Viewings are highly recommended to appreciate the space and potential this home has to offer!

We have been advised by the owner that the property is Freehold and the council tax is band A.

We have been made aware the property is non-standard construction.

Please note this should be verified by your Solicitors and Oakmans Estate Agents cannot be held responsible if the information is incorrect.

Material Information - Property type: Mid Terraced House
Tenure: Freehold
Construction Type: Non-Standard
Parking Arrangements: No Allocated Parking
Broadband: Fibre Optic
Mobile Signal Coverage: No known issues
Water Supply: Mains
Sewerage: Mains
Electric: Mains
Heating Supply: Gas
Building Safety Issues: No
Special Conditions: None
Other Issues
Flood Risk or Previous Flooding: No
Mine Shafts/Coal Fields/Erosion: No
Restrictions: No
Rights and Easements: No
Planning Permissions: No
Local Developments: No
Accessibility Adaptations: No

Agent Details

Oakmans Estate Agents, Harborne

0121 387 6780

Next Steps?

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