3 Bed Detached House, Refurb/BRRR, Solihull, B91 1TP, £550,000

34 Kingslea Road, B91 1TP - a month ago

Refurb/BRRR
Planning
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£235K - £910K
Sold Prices/m²£1.2K/m² - £6.4K/m²

 

 

Square Metres

~93 m²
Price/m²£5.9K/m²

Value Estimate

£357,133

 

 

End Value (After Refurb)

£476,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£36,550

Bridging Loan Interest

£14,438

Total Cash In

£236,438

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£476,500

Mortgage (After Refinance)

£357,375

Mortgage LTV

75%

Cash Left In

£236,438

Equity

£119,125

Rent Range

£1,250 - £1,695

Rent Estimate

£1,470

Running Costs/mo

£1,803

Cashflow/mo

£-333

Cashflow/yr

£-3,997

Gross Yield

3%

Local Sold Prices

50 sold prices from £235K to £910K, average is £402.5K. £1.2K/m² to £6.4K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£415K03/210.07 mi34, St Gerards Road, Solihull, West Midlands B91 1UB3
£400K11/220.1 mi4, Willow Road, Solihull, West Midlands B91 1UE3
£405.5K04/210.11 mi37, Willow Road, Solihull, West Midlands B91 1UE3
£360K01/210.11 mi10, Willow Road, Solihull, West Midlands B91 1UE3
£350K04/210.11 mi3, Willow Road, Solihull, West Midlands B91 1UE3
£600K11/220.11 mi79, Kingslea Road, Solihull, West Midlands B91 1TJ3
£475K12/230.11 mi87, Kingslea Road, Solihull, West Midlands B91 1TJ3
£530K05/210.13 mi83, Danford Lane, Solihull, West Midlands B91 1QH3
£475K09/210.14 mi106, St Gerards Road, Solihull, West Midlands B91 1UD3
£432K06/210.14 mi90, St Gerards Road, Solihull, West Midlands B91 1UD3
£375K06/210.14 mi61, St Gerards Road, Solihull, West Midlands B91 1UD3
£440K12/200.14 mi75, St Gerards Road, Solihull, West Midlands B91 1UD3
£385K11/200.14 mi67, St Gerards Road, Solihull, West Midlands B91 1UD3
£395K12/220.17 mi267a, Blossomfield Road, Solihull, West Midlands B91 1TA3
£455.3K11/210.17 mi10, Charles Road, Solihull, West Midlands B91 1TR3
£466K12/200.18 mi26, Brentford Road, Solihull, West Midlands B91 1UJ3
£352K12/200.18 mi89, St Gerards Road, Solihull, West Midlands B91 1UD3
£392.5K03/210.18 mi76, St Gerards Road, Solihull, West Midlands B91 1UD3
£405K11/210.19 mi18a, Overslade Road, Solihull, West Midlands B91 3NA3
£350K11/200.22 mi28, Rowden Drive, Solihull, West Midlands B91 1UG3
£300K03/210.23 mi54, Charles Road, Solihull, West Midlands B91 1TT3
£420K07/220.23 mi12, Overslade Road, Solihull, West Midlands B91 3NA3
£365K05/220.23 mi14, Emscote Green, Solihull, West Midlands B91 1TB3
£235K11/200.23 mi29, Overslade Road, Solihull, West Midlands B91 3NA3
£476.5K11/220.24 mi5, Brentford Road, Solihull, West Midlands B91 1UP3
£425K12/220.25 mi103, Yoxall Road, Shirley, Solihull, West Midlands B90 3RP3
£525K03/230.26 mi61, Witherford Croft, Solihull, West Midlands B91 1TX3
£450K11/220.27 mi95, Yoxall Road, Shirley, Solihull, West Midlands B90 3RP3
£454K07/230.27 mi31, Ravenswood Drive South, Solihull, West Midlands B91 3LP3
£315K03/210.27 mi31, Ravenswood Drive South, Solihull, West Midlands B91 3LP3
£335K03/210.27 mi94, Ravenswood Drive South, Solihull, West Midlands B91 3LP3
£357.5K04/210.27 mi33, Ravenswood Drive South, Solihull, West Midlands B91 3LP3
£368K12/200.27 mi5, Witherford Croft, Solihull, West Midlands B91 1TU3
£285K02/210.28 mi10, Ravenswood Drive, Solihull, West Midlands B91 3NL3
£460K02/210.28 mi320, Blossomfield Road, Solihull, West Midlands B91 1TF3
£447.5K02/210.29 mi19, Cambridge Avenue, Solihull, West Midlands B91 1QF3
£255K01/210.29 mi44, Yoxall Road, Shirley, Solihull, West Midlands B90 3SD3
£425K03/210.3 mi90, Danford Lane, Solihull, West Midlands B91 1QQ3
£910K01/230.3 mi47, Alderbrook Road, Solihull, West Midlands B91 1NR3
£292.5K12/200.32 mi84, Northdown Road, Solihull, West Midlands B91 3ND3
£610K09/230.35 mi9, Heathcote Avenue, Solihull, West Midlands B91 1QL3
£365K12/220.36 mi7, Finmere Way, Shirley, Solihull, West Midlands B90 3SS3
£485K09/230.36 mi10, Widney Lane, Solihull, West Midlands B91 3LS3
£394K06/230.36 mi11, Finmere Way, Shirley, Solihull, West Midlands B90 3SS3
£299.9K01/210.36 mi17, Finmere Way, Shirley, Solihull, West Midlands B90 3SS3
£318K09/230.37 mi4, Lawnswood Avenue, Shirley, Solihull, West Midlands B90 3QG3
£250K07/210.37 mi19, Lawnswood Avenue, Shirley, Solihull, West Midlands B90 3QG3
£250K08/230.37 mi22, Lawnswood Avenue, Shirley, Solihull, West Midlands B90 3QG3
£675K11/230.37 mi24, Poolfield Drive, Solihull, West Midlands B91 1SH3
£405K08/210.38 mi59, Radbourne Road, Shirley, Solihull, West Midlands B90 3RS3

Local Rents

23 rents from £1.3K/mo to £1.7K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.11 miWillow Road, Solihull, B913
£1,69512/240.15 mi-3
£1,55012/240.16 miWillow Road, Solihull, West Midlands, B913
£1,35002/240.18 mi-3
£1,50004/250.21 mi-3
£1,59512/240.22 miDanford Lane , Solihull3
£1,35012/240.24 miYoxall Road, Shirley3
£1,45004/250.24 mi-3
£1,55004/250.32 mi-3
£1,25011/230.35 mi-3
£1,40012/240.39 miStockley Crescent, Shirley, Solihull, West Midlands, B903
£1,40003/240.4 mi-3
£1,50004/250.4 mi-3
£1,55002/250.42 mi-3
£1,40012/240.43 mi-3
£1,50012/240.45 mi-3
£1,50012/240.49 miBellamy Farm Road, Shirley, SOLIHULL3
£1,45012/240.5 miBarford Road, Shirley3
£1,35010/230.5 mi-3
£1,35010/230.5 mi-3
£1,50012/240.58 miMoorlands Drive, Shirley, SOLIHULL3
£1,50012/240.58 miMoorlands Drive, B903
£1,30012/240.58 miConway Road, Shirley, Solihull, B903

Local Area Statistics

Population in B91

33,236

Population in Solihull

141,829

Town centre distance

3.21 miles away

Nearest school

0.30 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+24%

Property History

Listed for £550,000

April 1, 2025

Floor Plans

Description

  • Requiring Modernisation +
  • Fantastic Potential +
  • Two Reception Rooms +
  • Kitchen +
  • Two Double Bedrooms +
  • Third Single Bedroom +
  • Bathroom and Separate WC +
  • Large Private, Mature Rear Garden +
  • Driveway Parking for Two Vehicles and Single Garage +
  • Excellent School Catchment +

This charming detached house, built in 1938 is one of the original properties to be built in this era, offers a wonderful opportunity for those looking to create their dream home. Spanning an impressive 1,190 square feet, the property boasts a traditional design that is ripe for modernisation, allowing you to infuse your personal style into every corner.

Details - Upon entering, you are greeted by a welcoming hallway that features two practical understairs cupboards, perfect for storing your belongings. The spacious dining room, adorned with a lovely bay window, invites natural light and provides a perfect setting for family meals. The separate lounge, complete with a feature fireplace and French doors leading to the rear garden, creates a warm and inviting atmosphere for relaxation and entertaining. The kitchen, while retro in style, offers ample space and a pantry cupboard, presenting an exciting opportunity for a contemporary update with scope for extension both to the side and rear. A side passage leads to an outside store cupboard and a separate gardener's WC, adding to the practicality of the home.

This property features two generously sized double bedrooms, alongside a third single bedroom that could serve as a nursery or a home office, catering to a variety of living arrangements. The bathroom is complemented by a separate WC, enhancing convenience for family living.

Outside - The stunning large, private rear garden is a true highlight, surrounded by mature trees and shrubs, providing a tranquil retreat for outdoor enjoyment. Additionally, the property includes driveway parking for two vehicles that has potential for extension, as well as a single garage.

Location - Situated within walking distance of Solihull Town Centre and Sears Retail Park, this property epitomises convenience. Surrounded by excellent schools and local amenities, it presents an ideal setting for families. The quiet, friendly neighbourhood, coupled with a nearby vibrant community, sets the stage for a truly balanced lifestyle.

Viewings - At short notice with DM & Co. Homes on or by email .

General Information - Planning Permission & Building Regulations: It is the responsibility of Purchasers to verify if any planning permission and building regulations were obtained and adhered to for any works carried out to the property.

Tenure: Freehold.

Broadband (Speeds): Download 1800Mpbs. Upload 1000Mbps.

Flood Risk Rating - High/Low/Very Low?: No risk.

Conservation Area?: No.

Services: All mains services are connected to the property, including gas central heating. However, it is advised that you confirm this at point of offer.

Local Authority: Solihull Metropolitan Borough Council.

Council Tax Band: E.

Other Services - DM & Co. Homes are pleased to offer the following services:-

Residential Lettings: If you are considering renting a property or letting your property, please contact the office on .

Mortgage Services: If you would like advice on the best mortgages available, please contact us on .

Want To Sell Your Property? - Call DM & Co. Homes on to arrange your FREE no obligation market appraisal and find out why we are Solihull's fastest growing Estate Agency.

Agent Details

DM & Co. Homes, Solihull

0121 387 6730

Next Steps?

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