3 Bed Terraced House, Refurb/BRRR, Birmingham, B29 5RT, £150,000

311C56 Alwold Road, Birmingham, B29 5RT - 13 views - 17 days ago

Refurb/BRRR
Planning
ROI: 8%
66 m²
+13 photos

ValuationOvervalued

Sold Prices£125K - £380K
Sold Prices/m²£1.5K/m² - £4.6K/m²

 

 

Square Metres

65.92 m²
Price/m²£2.3K/m²

Value Estimate

£144,500

 

 

End Value (After Refurb)

£163,111

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£26,109

Bridging Loan Interest

£3,938

Total Cash In

£78,497

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£163,111

Mortgage (After Refinance)

£122,334

Mortgage LTV

75%

Cash Released

£9,834

Cash Left In

£68,663

Equity

£40,778

Rent Range

£975 - £3,500

Rent Estimate

£1,308

Running Costs/mo

£791

Cashflow/mo

£517

Cashflow/yr

£6,200

ROI

8%

Gross Yield

10%

Local Sold Prices

50 sold prices from £125K to £380K, average is £202K. £1.5K/m² to £4.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£152K04/210.07 mi69, Alwold Road, Birmingham, West Midlands B29 5RP3
£152K04/210.07 mi69, Alwold Road, Birmingham, West Midlands B29 5RP3
£155K11/220.09 mi10, Napton Grove, Birmingham, West Midlands B29 5RS3
£178K07/230.12 mi19, Bilbrook Grove, Birmingham, West Midlands B29 5RN3
£175K06/210.13 mi244, Barnes Hill, Birmingham, West Midlands B29 5TY3
£220K11/220.15 mi12, Ludstone Road, Birmingham, West Midlands B29 5UA3
£125K10/200.19 mi77, Alwold Road, Birmingham, West Midlands B29 5RJ3
£167.5K05/210.2 mi229, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£194K10/210.2 mi179, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£207K07/230.2 mi233, Barnes Hill, Birmingham, West Midlands B29 5UJ3
£184K12/210.22 mi8, Hatherton Grove, Birmingham, West Midlands B29 5QP3
£187K02/210.24 mi61, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3DU3
£151.5K10/200.25 mi70, Jervoise Road, Birmingham, West Midlands B29 5QY3
£215K07/230.26 mi3, Somery Road, Birmingham, West Midlands B29 5RY3
£175K03/210.26 mi3, Barn Croft, Birmingham, West Midlands B32 3BD3
£350K10/200.28 mi31, Senneleys Park Road, Birmingham, West Midlands B31 1AG3
£288K05/220.28 mi23, Buttermere Drive, Birmingham, West Midlands B32 3XH3
£355K11/220.29 mi6, Lytton Lane, Birmingham, West Midlands B32 3XQ3
£195K12/220.29 mi10, Paganel Road, Birmingham, West Midlands B29 5TG3
£248.5K05/230.29 mi104, Mill Lane, Quinton, Birmingham, West Midlands B32 3BE3
£168K05/230.3 mi45, Hopstone Road, Birmingham, West Midlands B29 5RE3
£283K10/210.31 mi18, Stableford Close, Birmingham, West Midlands B32 3XL3
£380K10/220.31 mi7, Stableford Close, Birmingham, West Midlands B32 3XL3
£316K05/210.32 mi281, Barnes Hill, Birmingham, West Midlands B29 5TX3
£315K07/230.32 mi8, Dunnigan Road, Birmingham, West Midlands B32 3XJ3
£182K05/230.34 mi17, Rush Green, Birmingham, West Midlands B32 3BJ3
£260K11/220.37 mi354, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£192K03/210.37 mi294, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£237.3K08/230.37 mi308, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AL3
£340K03/230.37 mi8, Kingsdown Road, Birmingham, West Midlands B31 1AH3
£327K02/210.37 mi22, Camino Road, Birmingham, West Midlands B32 3XE3
£170K01/210.38 mi96, Quarry Road, Birmingham, West Midlands B29 5LF3
£325K12/200.38 mi71, Senneleys Park Road, Birmingham, West Midlands B31 1AE3
£320K03/230.38 mi1, Vale Close, Birmingham, West Midlands B32 2UU3
£285K03/210.38 mi1, Vale Close, Birmingham, West Midlands B32 2UU3
£275K12/220.38 mi9, Vale Close, Birmingham, West Midlands B32 2UU3
£177K04/230.42 mi52, Simmons Leasow, Birmingham, West Midlands B32 3RP3
£162K11/210.43 mi36, Ackleton Grove, Birmingham, West Midlands B29 5LN3
£144.5K12/200.43 mi6, Ackleton Grove, Birmingham, West Midlands B29 5LN3
£144K12/200.43 mi329, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£280K03/240.43 mi365, Stonehouse Lane, Quinton, Birmingham, West Midlands B32 3AD3
£372K08/240.45 mi30, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£283K07/230.45 mi38, Greenacres, Bartley Green, Birmingham, West Midlands B32 3BF3
£156.5K03/210.45 mi91, Burnel Road, Birmingham, West Midlands B29 5SS3
£197K01/230.45 mi25, Gaydon Grove, Birmingham, West Midlands B29 5JB3
£158K12/200.47 mi274, Alwold Road, Birmingham, West Midlands B29 5JS3
£225K12/200.48 mi335, Northfield Road, Harborne, Birmingham, West Midlands B17 0TS3
£225.1K04/210.48 mi333, Northfield Road, Harborne, Birmingham, West Midlands B17 0TS3
£285K03/210.48 mi4, Lismore Drive, Birmingham, West Midlands B17 0TP3
£146.5K02/210.48 mi16, Kemberton Road, Birmingham, West Midlands B29 5JJ3

Local Rents

53 rents from £975/mo to £3.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25002/240.07 mi-3
£1,26001/250.07 mi-3
£1,15001/250.09 mi-3
£1,10012/240.09 miAlwold Road, Weoley Castle, Birmingham3
£1,25002/240.13 mi-3
£1,22512/240.13 miAlwold Road, Birmingham, B293
£1,20012/240.13 miAlwold Road, Birmingham, B293
£1,20002/250.17 mi-3
£1,29512/240.18 miDavena Drive, Quinton, Birmingham3
£1,29512/240.18 miDavena Drive, Quinton, Birmingham3
£1,29512/240.18 miDavena Drive, Quinton, Birmingham3
£1,25012/240.18 miDavena Drive, Quinton, Birmingham3
£1,20012/240.21 mi-3
£1,20012/240.21 mi-3
£2,46502/240.23 mi-3
£2,46504/250.23 mi-3
£1,35012/240.25 mi-3
£1,10012/240.25 mi-3
£1,24501/250.25 mi-3
£1,25002/250.25 mi-3
£1,25004/250.25 mi-3
£1,25002/240.26 mi-3
£1,25002/240.26 mi-3
£1,10012/240.29 miPaganel Road, Birmingham, B293
£1,40002/250.31 mi-3
£1,20012/240.34 miStableford Close, Weoley Castle, Birmingham, West Midlands, B323
£1,10512/240.39 mi14 Ilmington Road, Selly Oak, Birmingham3
£1,10512/240.39 miIlmington Road, Birmingham3
£1,10012/240.4 mi91 Bottetourt Road, Bartley Green, Birmingham3
£1,40012/240.4 miVale Close, Harborne, B323
£1,35001/240.4 mi-3
£1,20004/250.4 mi-3
£1,25002/240.41 mi-3
£1,25002/240.41 mi-3
£1,04512/240.43 miAckleton Grove, Birmingham, B29 3
£1,35004/250.47 mi-3
£1,20003/250.48 mi-3
£1,25002/250.48 mi-3
£1,20012/240.48 miSomerford Road, Birmingham, B293
£1,25001/250.49 mi-3
£99503/250.51 mi-3
£1,08501/250.51 mi-3
£1,30004/250.52 mi-3
£1,35003/240.53 mi-3
£97512/240.54 miQuarry Road, Birmingham3
£3,50012/240.55 mi-3
£1,25012/240.56 miShenley Lane, Birmingham, B293
£1,20012/240.57 miAlwold Road, Birmingham, B293
£1,20002/240.57 mi-3
£1,24912/240.57 mi-3
£99511/240.58 mi-3
£1,25003/250.59 mi-3
£1,25003/250.59 mi-3

Local Area Statistics

Population in B29

42,512

Population in Birmingham

1,034,821

Town centre distance

4.33 miles away

Nearest school

0.30 miles away

Nearest train station

1.73 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-16%

Sales demand

Seller's market

Capital growth (5yrs)

+27%

Property History

Listed for £150,000

April 1, 2025

Floor Plans

Description

  • THREE BEDROOMS +
  • END OF TERRACE +
  • FRONT AND REAR GARDEN +
  • IN NEED OF MODERNISING +
  • POTENTIAL TO EXTEND (Subject to planning permission) +
  • VIEWING HIGHLY RECOMMENDED +

Oakmans are delighted to present this three-bedroom end-of-terrace house, situated in the sought-after area of Selly Oak.

This property offers an exciting opportunity for buyers looking to modernize and create a home tailored to their own style and preferences.

Upon entering the property, you are welcomed by a spacious lounge to the left, providing a cozy and versatile living space. To the right, you’ll find the kitchen, which leads through to the bathroom at the rear of the property.

Upstairs, the property features three generously sized bedrooms, offering ample space for family living, guest rooms, or even a home office.

Externally, the property boasts both front and rear gardens. The rear garden is particularly noteworthy for its impressive width, offering excellent potential for landscaping. Additionally, there is an external storage area, which was previously used as an outdoor toilet, adding further practicality and scope for future use.

The property benefits from a prime location, being within close proximity to key local amenities such as the Queen Elizabeth Hospital, Selly Oak Battery Retail Park, and the University of Birmingham. Furthermore, excellent transport links provide convenient access to Birmingham city center and surrounding areas, making this property an ideal choice for commuters and families alike.

This home presents an excellent opportunity to create a bespoke living space in a highly desirable location.

Viewings are highly recommended to appreciate the potential this property has to offer.

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

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

Agent Details

Oakmans Estate Agents, Birmingham

0121 387 6513

Next Steps?

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