3 Bed Terraced House, Refurb/BRRR, Birmingham, B9 5HB, £170,000

Imperial Road, Birmingham, West Midlands, B9 5HB - 3 views - 17 days ago

Refurb/BRRR
ROI: 6%
~93 m²
+6 photos

ValuationFair Value

Sold Prices£89K - £250K
Sold Prices/m²£1.1K/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£172,535

 

 

End Value (After Refurb)

£170,888

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Refurb Costs

£36,800

Bridging Loan Interest

£4,463

Total Cash In

£96,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£170,888

Mortgage (After Refinance)

£128,166

Mortgage LTV

75%

Cash Released

£666

Cash Left In

£95,447

Equity

£42,722

Rent Range

£1,000 - £1,400

Rent Estimate

£1,263

Running Costs/mo

£807

Cashflow/mo

£456

Cashflow/yr

£5,477

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £89K to £250K, average is £160K. £1.1K/m² to £2.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£153K09/220.14 mi251, Bordesley Green, Birmingham, West Midlands B9 5EX3
£182.5K12/220.16 mi437, Green Lane, Small Heath, Birmingham, West Midlands B9 5PP3
£180K08/220.16 mi95, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RN3
£182K05/230.18 mi5, Burlington Road, Small Heath, Birmingham, West Midlands B10 9PT3
£140K08/210.18 mi130, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RL3
£153K01/210.18 mi24, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£125K08/220.18 mi2, Third Avenue, Bordesley Green, Birmingham, West Midlands B9 5RJ3
£167.5K10/210.21 mi20, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£150K04/230.21 mi78, Fourth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RQ3
£162K03/230.22 mi117, Carlton Road, Small Heath, Birmingham, West Midlands B9 5EE3
£225K02/230.22 mi11, Bankes Road, Birmingham, West Midlands B10 9PP3
£245K02/230.22 mi86, Bankes Road, Birmingham, West Midlands B10 9PS3
£184K11/220.22 mi396, Bordesley Green, Birmingham, West Midlands B9 5ND3
£215K12/220.22 mi392, Bordesley Green, Birmingham, West Midlands B9 5ND3
£150K10/220.25 mi61, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£160K06/230.26 mi48, Mansel Road, Birmingham, West Midlands B10 9PG3
£100K05/230.26 mi14, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RD3
£89K10/200.26 mi412, Bordesley Green, Birmingham, West Midlands B9 5NE3
£147K02/220.26 mi47, Pretoria Road, Birmingham, West Midlands B9 5LJ3
£135K08/220.27 mi423, Bordesley Green, Birmingham, West Midlands B9 5RE3
£235K02/230.27 mi18, Hugh Road, Birmingham, West Midlands B10 9AP3
£162.5K10/200.27 mi126, Fordrough Lane, Bordesley Green, Birmingham, West Midlands B9 5LB3
£145K10/210.29 mi83, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£145K12/200.29 mi95, Fifth Avenue, Bordesley Green, Birmingham, West Midlands B9 5RB3
£135K01/210.29 mi59, Mansel Road, Birmingham, West Midlands B10 9NR3
£163K03/220.29 mi86, Grange Road, Small Heath, Birmingham, West Midlands B10 9QR3
£133K01/210.29 mi86, Grange Road, Small Heath, Birmingham, West Midlands B10 9QR3
£133K01/210.29 mi86, Grange Road, Small Heath, Birmingham, West Midlands B10 9QR3
£250K12/220.3 mi126, Burlington Road, Small Heath, Birmingham, West Midlands B10 9PD3
£200K01/230.3 mi227, Charles Road, Small Heath, Birmingham, West Midlands B10 9EH3
£165K11/200.31 mi156, Bankes Road, Birmingham, West Midlands B10 9PH3
£208K08/210.31 mi150, Kenelm Road, Birmingham, West Midlands B10 9AQ3
£133.5K02/210.31 mi28, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£134K01/210.31 mi96, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY3
£120K08/210.32 mi30, Ronald Road, Birmingham, West Midlands B9 4UL3
£140K01/210.32 mi41, Ronald Road, Birmingham, West Midlands B9 4UL3
£182K06/210.33 mi165, Kenelm Road, Birmingham, West Midlands B10 9AE3
£160K09/210.34 mi37, Kenelm Road, Birmingham, West Midlands B10 9AH3
£135K01/210.34 mi144, Pretoria Road, Birmingham, West Midlands B9 5LQ3
£165K11/200.34 mi11a, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QT3
£148K07/210.36 mi245, Floyer Road, Small Heath, Birmingham, West Midlands B10 9NH3
£200K10/220.36 mi100, Charles Road, Small Heath, Birmingham, West Midlands B10 9EJ3
£145K12/220.38 mi25, Churchill Road, Birmingham, West Midlands B9 5NY3
£200K07/230.38 mi222, Bankes Road, Birmingham, West Midlands B10 9PJ3
£175K05/210.39 mi159, Somerville Road, Small Heath, Birmingham, West Midlands B10 9EY3
£200K12/200.39 mi155, Somerville Road, Small Heath, Birmingham, West Midlands B10 9EY3
£180K10/220.39 mi155, Somerville Road, Small Heath, Birmingham, West Midlands B10 9EY3
£198K08/220.42 mi61, Eversley Road, Birmingham, West Midlands B9 5DF3
£159.3K11/200.44 mi123, Botha Road, Bordesley Green, Birmingham, West Midlands B9 5LR3
£160K01/210.44 mi531, Bordesley Green, Birmingham, West Midlands B9 5XH3

Local Rents

10 rents from £1K/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.08 mi-3
£1,40012/240.2 mi-3
£1,40001/250.2 mi-3
£1,00012/240.2 miCarlton Road, Birmingham, B93
£1,00012/240.23 miGrange Road, Small Heath, Birmingham, B103
£1,15011/240.33 mi-3
£1,10012/240.35 mi-3
£1,10004/250.35 mi-3
£1,20001/250.36 mi-3
£1,30003/250.57 mi-3

Local Area Statistics

Population in B9

24,915

Population in Birmingham

1,034,821

Town centre distance

1.49 miles away

Nearest school

0.10 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £170,000

April 1, 2025

Floor Plans

Description

NO UPWARD CHAIN.
A three bedroom mid terrace property in need of some modernisation with the third bedroom accessed via the 2nd bedroom. The property has two reception rooms, kitchen and ground floor bathroom. The property also has double glazing, gas fired central heating and a garden to the rear.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

YAR250055/2

Agent Details

Reeds Rains, Yardley

0121 387 6498

Next Steps?

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