Flip in Birmingham
About this property
A well-positioned 3-bedroom freehold terraced property in the highly sought-after B17 Harborne market, within walking distance of Harborne High Street and close to the QE Hospital, University of Birmingham, local schools and amenities.
The property is dated and in need of modernisation, creating a clear buy-to-sell opportunity for an investor to add value through refurbishment, improved presentation and potential layout optimisation. It benefits from two reception rooms, an enclosed rear garden, double glazing, central heating and a recently updated shower room.
Financials
Value: £240000
Purchase Price: £185000
Purchase Costs: £61050
Sourcing Fee: £3000
Refurbishment Cost: £34195
GDV: £285000
ROCE: 37%
Profit: £39680
Work with us:
Sourced offer a comprehensive property wealth building package in one place;
Sourced Investment Agents - Sourcing investment opportunities for you,
Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
Sourced Finance - Access specialist property lending and mortgages, created for investors.
Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.
For further information, get in touch.
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.