2 Bed Semi-Detached House, Refurb/BRRR, Birmingham, B9 5NN, £160,000

Whitacre Road, Birmingham, B9 5NN - 1 views - a month ago

Auction
Cash
Refurb/BRRR
ROI: 4%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£80K - £210K
Sold Prices/m²£1.1K/m² - £4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£123,250

 

 

End Value (After Refurb)

£159,505

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£26,951

Bridging Loan Interest

£4,200

Total Cash In

£82,101

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£159,505

Mortgage (After Refinance)

£119,629

Mortgage LTV

75%

Cash Left In

£82,101

Equity

£39,876

Rent Range

£650 - £1,800

Rent Estimate

£992

Running Costs/mo

£717

Cashflow/mo

£275

Cashflow/yr

£3,302

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £210K, average is £146.5K. £1.1K/m² to £4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£145K06/210.1 mi236, Colonial Road, Bordesley Green, Birmingham, West Midlands B9 5NQ2
£171K12/220.13 mi130, Ludlow Road, Birmingham, West Midlands B8 3BT2
£145K03/220.18 mi232, Pretoria Road, Birmingham, West Midlands B9 5LG2
£115K10/200.23 mi83, Pretoria Road, Birmingham, West Midlands B9 5LL2
£175K06/230.24 mi86, Pretoria Road, Birmingham, West Midlands B9 5LQ2
£154K12/200.26 mi9, Jephcott Grove, Birmingham, West Midlands B8 3EE2
£130K12/200.27 mi26, Churchill Road, Birmingham, West Midlands B9 5NT2
£152K08/220.28 mi19, Churchill Road, Birmingham, West Midlands B9 5NY2
£181K10/220.29 mi10, Priorygate Way, Birmingham, West Midlands B9 5NF2
£128K09/210.32 mi46, Pretoria Road, Birmingham, West Midlands B9 5LH2
£157K06/230.33 mi100, College Road, Alum Rock, Birmingham, West Midlands B8 3TB2
£126K10/200.36 mi422, Bordesley Green, Birmingham, West Midlands B9 5NE2
£157K11/220.36 mi63, Churchill Road, Birmingham, West Midlands B9 5NY2
£100K02/210.38 mi415, Bordesley Green, Birmingham, West Midlands B9 5RE2
£80K06/230.4 mi638, Bordesley Green, Birmingham, West Midlands B9 5PG2
£145K12/200.41 mi33, Farndon Road, Birmingham, West Midlands B8 3BZ2
£130K07/230.44 mi166, Cherrywood Road, Bordesley Green, Birmingham, West Midlands B9 4UN2
£139K07/230.45 mi34, Blake Lane, Bordesley Green, Birmingham, West Midlands B9 5QY2
£135K11/200.45 mi58, Blakeland Street, Birmingham, West Midlands B9 5XG2
£161K02/230.45 mi74, Blakeland Street, Birmingham, West Midlands B9 5XG2
£210K11/220.46 mi8, Marchmont Road, Bordesley Green, Birmingham, West Midlands B9 5XX2
£114K07/210.54 mi187, Bordesley Green, Birmingham, West Midlands B9 5EX2
£165K10/210.61 mi22, Repton Road, Birmingham, West Midlands B9 5UP2
£100K12/220.62 mi39, Harts Road, Birmingham, West Midlands B8 3JY2
£168K02/230.62 mi49, Harts Road, Birmingham, West Midlands B8 3JY2
£139K07/210.62 mi43, Harts Road, Birmingham, West Midlands B8 3JY2
£136K04/210.62 mi12, Harts Road, Birmingham, West Midlands B8 3JY2
£127K11/200.62 mi453, Green Lane, Small Heath, Birmingham, West Midlands B9 5PP2
£125K10/200.64 mi99, Harts Road, Birmingham, West Midlands B8 3JZ2
£158K12/220.65 mi371, Charles Road, Small Heath, Birmingham, West Midlands B9 5HH2
£129K01/210.66 mi399a, Charles Road, Small Heath, Birmingham, West Midlands B9 5HH2
£200K06/210.66 mi7, Duddeston Drive, Saltley, Birmingham, West Midlands B8 1DB2
£200K06/210.66 mi7, Duddeston Drive, Saltley, Birmingham, West Midlands B8 1DB2
£150K06/210.68 mi38, Haycroft Avenue, Birmingham, West Midlands B8 3LA2
£155K12/200.68 mi30, Norton Crescent, Birmingham, West Midlands B9 5TD2
£188.5K10/220.68 mi210, Bankes Road, Birmingham, West Midlands B10 9PJ2
£120K12/210.69 mi20, Hams Road, Birmingham, West Midlands B8 1DU2
£153K04/230.69 mi11, Teall Road, Birmingham, West Midlands B8 1SX2
£100K10/200.7 mi23, Phillimore Road, Saltley, Birmingham, West Midlands B8 1PR2
£150K04/210.7 mi147, Bankes Road, Birmingham, West Midlands B10 9PN2
£163K05/220.74 mi333, St Benedicts Road, Small Heath, Birmingham, West Midlands B10 9ND2
£160K03/230.74 mi8, Carlton Road, Small Heath, Birmingham, West Midlands B9 5EB2
£124K03/210.75 mi173, Sladefield Road, Birmingham, West Midlands B8 2SY2
£155K04/230.76 mi148, Sladefield Road, Birmingham, West Midlands B8 2SX2
£122K06/210.79 mi89b, Grange Road, Small Heath, Birmingham, West Midlands B10 9QS2
£110K09/210.82 mi246, St Benedicts Road, Small Heath, Birmingham, West Midlands B10 9NG2
£148K05/210.83 mi43, Bankdale Road, Birmingham, West Midlands B8 2AA2
£137K11/200.84 mi184, Wright Road, Birmingham, West Midlands B8 1PD2
£165K11/220.85 mi10, Bingley Avenue, Birmingham, West Midlands B8 2AF2
£150K11/210.87 mi4, Cotterills Avenue, Birmingham, West Midlands B8 3RU2

Local Rents

21 rents from £650/mo to £1.8K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£90012/240.35 mi-2
£69502/240.36 mi-2
£69502/240.36 mi-2
£65012/240.36 miAlum Rock Road, Birmingham, B82
£1,00012/240.39 mi-2
£1,05012/240.39 mi-2
£75012/240.55 miFlat 1545-547 Green Lane Small Heath2
£1,10012/240.61 mi-2
£1,00012/240.68 mi-2
£1,80004/240.83 mi-2
£99504/250.92 mi-2
£99512/240.92 mi-2
£1,04502/250.92 mi-2
£99512/240.92 miLeigh Road, Birmingham, B82
£97502/250.99 mi-2
£1,05012/241.01 miWolseley Street, Bordesley, BIRMINGHAM2
£99504/251.12 mi-2
£99504/251.12 mi-2
£90012/241.13 miKeer Court, Birmingham2
£90012/241.13 miKeer Court, Birmingham2
£1,05003/241.24 mi-2

Local Area Statistics

Population in B9

24,915

Population in Birmingham

1,034,821

Town centre distance

1.97 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+28%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Listed for £160,000

March 20, 2025

Floor Plans

Description

  • Being Sold By Online Auction +
  • Buy-It-Now +
  • Buyer Fees Apply +
  • Street Parking +
  • Two Reception Rooms +
  • Two Double Bedrooms +
  • Selling Chain Free +

Presenting for sale, a characterful terraced house in a sought-after location, offering a superb investment opportunity or an ideal home for first-time buyers and families alike. The property is in need of renovation, allowing you to personalise it and add your own touch. This home boasts two spacious reception rooms, both separate with large windows, one of which offering a delightful view of the garden, a perfect setting for relaxation or entertainment.

The property comprises of two double bedrooms, offering ample space for comfort and convenience. The kitchen, drenched in natural light, offers direct access to the garden, creating a beautiful, airy space. Despite requiring modernisation, the potential this house holds is undeniable.

Adding to the appeal of this home is its ideal location. Situated within proximity to public transport links, local amenities, and nearby schools, this property ensures easy access to everything you might need, making daily life more convenient. Adding to its allure, this property is being sold chain-free, offering a smooth and straightforward transaction.

This terraced house has the potential to be a superb family home or a lucrative investment opportunity. Its location, combined with the opportunity for personalisation, makes it a property not to be missed. Enquire today to fully realise the potential this property holds. Being Sold by YOPA Online Auction Starting Bids from £160,000. Buy it now option available Please call or visit YOPA Online Auctions for more information. YOPA Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. YOPA also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date. If you request a viewing of this property or make an offer, then you agree that your personal information (name and contact details) will be shared with  GOTO Auctions (YOPA’s Online Auction partner) to enable them to ensure that you understand the auction process. To book a viewing visit YOPA.

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6,600 including VAT plus an administration charge of £372 including VAT, a total of £6972. This secures the transaction and takes the property off the market. The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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