2 Bed Flat, Single Let, Birmingham, B17 8DJ, £155,000

22116 Meadow Court, Hagley Road, Birmingham, B17 8DJ - 1 views - a year ago

Leasehold
BTL
ROI: 4%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£56.5K - £277K
Sold Prices/m²£1.1K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£165,279
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£6,000

Total Cash In

£44,750

 

 

Cash Out

 

Rent Range

£825 - £2,750

Rent Estimate

£850

Running Costs/mo

£674

Cashflow/mo

£176

Cashflow/yr

£2,108

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £56.5K to £277K, average is £140K. £1.1K/m² to £4.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£135K04/210.11 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.11 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£270K11/220.13 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£160K03/210.4 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.4 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.4 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£143.5K03/210.44 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£65K09/210.45 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/220.45 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/220.45 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/220.45 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/220.45 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£130K10/210.45 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.45 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.45 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£60K05/230.45 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/220.45 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/210.45 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/210.45 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/210.45 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/230.45 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/220.45 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/230.45 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/220.45 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£167K11/200.46 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.46 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.46 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.46 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£123K06/210.47 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.47 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£140K07/210.65 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£255K06/210.66 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.66 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£255.5K02/210.67 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£144.9K06/210.67 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£144.9K06/210.68 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£140K12/200.68 miFlat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£193K11/220.72 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£170K08/210.72 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£115K09/220.72 mi37, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£155K02/230.72 mi63, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£268K08/220.74 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£157K02/230.75 mi43, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£142.3K06/210.75 mi37, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£180K02/230.76 mi18, Spreadbury Close, Birmingham, West Midlands B17 8TQ2
£170K09/220.79 mi6, Walmead Croft, Birmingham, West Midlands B17 8TH2
£175K11/220.83 mi46, Walmead Croft, Birmingham, West Midlands B17 8TH2
£112K03/230.87 miFlat 4, Warley House, Abbey Road, Smethwick, West Midlands B67 5LN2
£196K09/210.97 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£82K08/220.97 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2

Local Rents

50 rents from £825/mo to £2.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.06 mi-2
£99512/240.07 miMeadow Court, Meadow Road, Edgbaston, Birmingham, B172
£90002/240.08 mi-2
£1,40012/240.11 miCavendish Court, Oakhill Close, Harborne, B172
£1,16512/240.16 miCity Road, Edgbaston, Birmingham, B172
£1,15512/240.16 miCity Road, Edgbaston, Birmingham, B172
£87512/240.16 miHagley Road, Harborne, Birmingham2
£99512/240.16 miHagley Road, Edgbaston, Birmingham2
£97512/240.22 mi-2
£1,80003/250.3 mi-2
£1,21212/240.31 miSandon Road, Birmingham2
£1,19512/240.33 miWoodbourne, Edgbaston2
£1,10012/240.35 miStanmore Road, BIRMINGHAM2
£1,00012/240.35 miStanmore Road, BIRMINGHAM2
£1,15012/240.35 miStanmore Road, Smethwick2
£85003/240.35 mi-2
£85012/240.35 miBearwood, Smethwick, B662
£85012/240.35 miBearwood, Smethwick, B662
£82512/240.36 miPoplar Avenue B172
£99512/240.37 miWest Point, Hermitage Road, Edgbaston, Birmingham, B15 3US2
£89512/240.37 miPoplar Road, Bearwood, Birmingham, West Midlands, B662
£2,75012/240.41 mi-2
£1,17501/250.41 mi-2
£1,20003/250.41 mi-2
£1,05012/240.41 miHowfield Court, 395 Gillott Road, Edgbaston 2
£85004/250.42 mi-2
£2,40012/240.42 mi-2
£87512/240.42 miCardinal Close, Birmingham, B172
£87512/240.42 mi-2
£1,20003/250.43 mi-2
£85012/240.44 miWest Point, Edgbaston2
£1,00002/240.45 mi-2
£1,00012/240.45 mi-2
£1,00012/240.45 miTemple Row House, Birmingham, B162
£1,00012/240.45 mi-2
£1,00004/250.45 mi-2
£1,30004/250.46 mi-2
£1,20002/250.46 mi-2
£99502/250.46 mi-2
£95004/250.46 mi-2
£1,49512/240.46 mi-2
£1,25002/250.46 mi-2
£1,10003/250.46 mi-2
£1,15003/240.46 mi-2
£1,00012/240.46 mi-2
£1,15012/240.46 miFlat , Holly Mount, Hagley Road, Birmingham2
£1,00012/240.49 miCornerways, Flat 2 Hagley Road 2
£99512/240.49 miLightwoods Road, Bearwood, West Midlands2
£1,27503/250.49 mi-2
£1,20012/240.5 miSpire Court, Manor Road, Edgbaston, B162

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.39 miles away

Nearest school

0.30 miles away

Nearest train station

1.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £155,000

December 4, 2024

Listed for £160,000

November 16, 2023

Description

  • CONVINIENTLY LOCATED +
  • TWO BATHROOMS +
  • SECURE PARKING AND COMMUNCAL AREAS +
  • TOP-FLOOR APARTMENT +
  • BALCONY +
  • CALL OAKMANS TODAY +

FANTASTIC LOCATION SECURE PARKING EN-SUITE BALCONY **

Oakmans estate agents are delighted to present a well proportioned, two bedroom, two bathroom top floor apartment situated in the popular meadow court on the Hagley road. This property boasts move in ready accommodation and has a balcony overlooking the private communal areas.

The property is near a variety of transportation links taking you directly to Birmingham city center. This would make a perfect investment or first time buy and briefly comprises of entrance hall, lounge diner leading out to private balcony, kitchen, two double bedrooms, family bathroom and en-suite.

The owner has informed us that the property is leasehold and has a remaining period of approximately 132 years.

Service charge: £2,000 per annum
Ground rent: £125 per annum
There was 99 years granted on the lease in 2000

Council Tax Band - A.

Please keep in mind that this information should be confirmed by your solicitors, and Oakmans Estate Agents will not be held responsible if it is incorrect.

Agent Details

Oakmans Estate Agents, Harborne

0121 387 6780

Next Steps?

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